AI Morning News for August 18th

AI Morning Finance News for August 18th
According to a report by Reuters on the 16th, after meeting with Russian President Putin on the 15th local time, US President Trump stated that there are currently no plans to impose tariffs on China's purchase of Russian oil. 3. On August 15th local time, the Trump administration announced the expansion of the scope of imposing a 50% tariff on steel and aluminum imports. The Bureau of Industry and Security of the US Department of Commerce has added 407 product codes to the US Harmonized Tariff Schedule, which will be subject to additional tariffs due to their steel and aluminum content. The expanded tariff list will officially come into effect on August 18th. The three major indexes of the US stock market closed with mixed gains and losses last Friday, all recording two consecutive weekly gains. The Nasdaq fell 0.4% and rose 0.81% over the week; The S&P 500 index fell 0.29% and rose 0.94% over the week; The Dow Jones Industrial Average rose 0.08%, with a week long cumulative increase of 1.74%. Among them, both the Dow Jones Industrial Average and the S&P 500 index once hit a record high in intraday trading. Most popular Chinese concept stocks rose, with the Nasdaq China Golden Dragon Index closing up 0.74% and accumulating 1.84% over the week. 19. Federal Reserve presidential candidate and economist Samelin said that policymakers should significantly cut interest rates next month, but also warned that if longer-term Treasury yields rise, interest rate cuts must be stopped. 20. Driven by car sales and large-scale online promotional activities, retail sales in the United States increased by 0.5% month on month in July, and the growth rate in June was also revised up to 0.9%. However, the industrial output value decreased in the same month, dragged down by the weakness of the manufacturing industry. 21. The University of Michigan Consumer Confidence Index unexpectedly declined for the first time since April, with inflation expectations rising as concerns about the impact of tariffs persist. 22. US President Trump stated at a joint press conference with Russian President Putin that the two sides have made significant progress, reaching agreements on many issues and leaving few unresolved issues. However, one of the issues is important and the two sides have not reached any agreement. Putin said that the next meeting may be in Moscow. 23. On the official website of the European Commission, on August 16 local time, a joint statement was issued by European Commission President von der Leyen, European Council President Costa, French President Malcolm, Italian Prime Minister Meloni, German Prime Minister Mertz, British Prime Minister Stamer and other leaders. The joint statement emphasizes that Europe will continue to support Ukraine and is determined to make more efforts to maintain its strength, end the war, and achieve a just and lasting peace. The joint statement also said that as long as the Russia-Ukraine conflict continues, Europe is ready to continue to exert pressure on Russia. 24. US Middle East envoy Vitkov stated that Russian President Putin has agreed to include a "NATO like Article 5" security guarantee in future peace agreements. The three major US stock indices closed with mixed gains and losses last Friday, all recording a 2-week streak of gains. The Nasdaq fell 0.4% and rose 0.81% over the week; The S&P 500 index fell 0.29% and rose 0.94% over the week; The Dow Jones Industrial Average rose 0.08%, with a week long cumulative increase of 1.74%. Among them, both the Dow Jones Industrial Average and the S&P 500 index once hit a record high in intraday trading. Most popular Chinese concept stocks rose, with the Nasdaq China Golden Dragon Index closing up 0.74% and accumulating 1.84% over the week