Category: Flash News

On April 29th, the rapid appreciation of the euro has attracted the attention of officials on both sides of the Atlantic, and this trend shows no signs of slowing down, intensifying market expectations for further interest rate cuts by the European Central Bank. JPMorgan Chase, BNP Paribas, and Danske Bank expect 1 euro to be convertible to $1.20 or even more by the end of the year, which is significantly different from some analysts’ expectations for parity three months ago. This month alone, traders have increased their bets on the European Central Bank’s annual interest rate cuts by about 0.5 percentage points. European Central Bank President Lagarde called the rally “counterintuitive,” and even US Treasury Secretary Vicente spoke out on April 28th, believing that Europe would further cut interest rates to curb the strengthening of its currency.

On April 29th, local time, US President Trump announced on his social media platform that the Federal Emergency Management Agency (FEMA) Review Committee had been officially established, with members including Defense Secretary Hergeseth, Homeland Security Secretary Noam, and Governor Abbott. Trump said he believes the new members will work hard to repair the severely broken system and return power to state emergency managers.

On April 29th, sources reported that the CEOs of companies such as NVIDIA, Johnson&Johnson, Eli Lilly, and SoftBank Group will visit the White House on Wednesday. It is reported that companies from the defense, technology, healthcare, and consumer goods industries, as well as personnel from investment funds, have been invited to attend. US President Trump will focus on introducing the US investment projects announced during the first 100 days of his second term.

On April 29th, a latest poll conducted by CNN found that 59% of the public believed that President Trump’s policies had worsened the economic situation in the United States, an increase from 51% in March. The survey also found that Americans are generally dissatisfied with their own economic situation and lack enthusiasm for the White House’s new trade policy. 60% of the public said that Trump’s policies have increased the cost of living in their communities, while only 12% of the public believe that his policies have helped to lower prices. In addition, only 34% of Americans are optimistic about the economy, 29% are pessimistic, and 37% are worried.

On April 29th, NXP Semiconductors reported Q1 2025 revenue of $2.84 billion, with a market expectation of $2.83 billion, compared to $3.13 billion in the same period last year; Adjusted EPS for the first quarter was $2.64, with analysts expecting $2.6; The EPS for the first quarter was $1.92, compared to $2.47 for the same period last year. The company expects a revenue of $2.8-3 billion in the second quarter, with analysts expecting $3.86 billion; Expected adjusted EPS for the second quarter is $2.46-2.86, with analysts expecting $2.63; The expected EPS for the second quarter is $1.78-2.16, with analysts expecting $2.05. The CEO of the company will resign at the end of 2025.

On April 29th, Egyptian intelligence chief Rashad met with members of the Israeli negotiation team led by Israeli Minister of Strategic Affairs Ron Delmer in Cairo on April 28th local time. The Cairo News Channel reported on the same day that the meeting was held after the Hamas delegation visited Egypt to discuss the Gaza ceasefire issue, and was a continuation of Egypt and Qatar’s efforts to mediate the Gaza ceasefire issue. According to Reuters, citing Egyptian security officials shortly thereafter, the Gaza ceasefire negotiations held in Cairo on the evening of the 28th achieved a “significant breakthrough”. (CCTV News)

On April 29th, Kenteng Electronics (CDNS) reported a revenue of 1.24 billion US dollars in the first quarter, in line with analysts’ expectations. Raise annual revenue and EPS expectations. The expected annual revenue is 5.15 billion to 5.23 billion US dollars, while the company originally expected 5.14 billion to 5.22 billion US dollars.

On April 29th, Beyond Inc. (BYON) reported a loss of $0.74 per share in the first quarter, with analysts expecting a loss of $0.59. Net revenue for the first quarter was $231.7 million, with analysts expecting $289.6 million.

On April 29th, most popular Chinese concept stocks rose, with the Nasdaq China Golden Dragon Index up 0.68%. NIO, Upward Rongke, and Sohu rose by over 6%, Douyu, Ideal Auto, BOSS Zhipin, and Vipshop rose by over 3%, Youdao, Jinshanyun, and Manbang rose by over 2%, Ctrip, Huya, and others rose by over 1%, while JD.com, Tencent Music, New Oriental, and others rose slightly; Lufax Holdings and Youjia Insurance fell more than 5%, while iQiyi, Beike, Dingdong Maicai and others fell more than 1%. Bilibili, NetEase, Baidu and others fell slightly.

On April 29th, JPMorgan’s trading department is shifting towards a tactical bullish view on the US stock market. It is expected that after the recent sharp decline, favorable factors such as the performance of large technology companies and trade agreement announcements will continue to boost the stock market. However, the bank emphasized in a report to clients on Monday that the upward trend may subside within a few weeks, and the negative impact of US tariffs is likely to begin dragging down the economy in the coming months.