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cover of episode Oracle, PPI Mulled as China Deal Fails to Excite

Oracle, PPI Mulled as China Deal Fails to Excite

2025/6/12
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Schwab Market Update Audio

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Colette O'Clare
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Cooper Howard
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Colette O'Clare: 我认为投资者对中美贸易协议的细节感到失望,因为协议未能明确未来的贸易路线图。尽管特朗普总统声称协议已达成,但实际情况是,美国对华出口管制依然严格,尤其是在半导体领域。此外,对中国进口商品维持高关税水平,这使得市场对协议的实际效果持怀疑态度。协议能否最终得到两国领导人的批准也存在不确定性,这进一步加剧了市场的担忧情绪。整体而言,市场对贸易协议的反应是负面的,主要原因是关税水平可能仍然很高,这抑制了市场对贸易关系缓和的乐观预期。我观察到,市场参与者对测试历史高点持谨慎态度,尽管美国通胀数据表现良好,但贸易问题的不确定性仍然是市场的主要担忧。

Deep Dive

Chapters
The US-China trade deal failed to excite investors due to its lack of clarity and the persistence of high tariffs on Chinese imports. Uncertainty surrounding the deal's future and other global trade issues led to market caution and increased volatility.
  • US-China trade deal details lacked clarity
  • High tariffs on Chinese imports remained
  • Market reaction was negative due to tariff levels
  • Uncertainty about trade deals with other countries

Shownotes Transcript

A U.S. deal with China got a lukewarm greeting as it keeps high tariffs and doesn't seem to open room for additional U.S. chip sales. Oracle beat expectations, and PPI is up next.

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