😇 He’s truly a man ahead of his time
📊 Weekly Financial Market Review (2025/03/03 - 03/07)
🔹 Market Summary
- U.S. stocks and the dollar declined: The S&P 500 dropped over 3%, and the U.S. Dollar Index fell below 104, marking its largest weekly decline in six months. Investors shifted toward defensive assets.
- Divergence in global markets: Hong Kong stocks surged due to China’s fiscal expansion policies, while the euro strengthened (+4.4%) as expectations for increased European military spending rose. Oil prices fell, while gold prices climbed.
- U.S. job market cooling but not collapsing: February’s nonfarm payrolls increased by 151K (below expectations), with the unemployment rate rising to 4.1%. The market now expects the Fed to cut rates three times this year.
📌 Key Data Recap
| Indicator |
Actual |
Expected |
Previous |
| 🇺🇸 ISM Services PMI |
53.5 |
52.5 |
52.3 |
| 🇪🇺 ECB Interest Rate Decision |
2.65% (unchanged) |
No change |
2.65% |
| 🇺🇸 Nonfarm Payrolls |
151K |
160K |
125K (revised) |
| 📈 Unemployment Rate |
4.1% |
4.0% |
4.0% |
| 💰 Average Hourly Earnings MoM |
0.3% |
0.3% |
0.4% |
| 📉 Labor Force Participation Rate |
62.4% |
62.6% |
62.6% |
📉 Market Performance (as of 2025/03/07)
🔹 U.S. Stocks Declined Sharply
- 📉 S&P 500: -3.10% (third consecutive weekly decline, worst performance since September 2024)
- 📉 Nasdaq: -3.45% (down 10% from recent highs, entering a correction)
- 📉 Dow Jones: -2.37% (more resilient than tech-heavy indices)
🔹 Trade Policy Risks Intensify
市場因美國政策不確定性而出現下殺潮。資料來源：Bloomberg
- 🇺🇸 U.S. imposes a 25% tariff on imports from Canada and Mexico, along with a 10% tariff hike on certain Chinese goods.
- 🇨🇦🇲🇽 Canada and Mexico announce retaliatory tariffs, raising concerns of a trade war escalation.