Market Volatility Rises Amid U.S. Tariff Proposal

According to PANews, market sentiment has sharply deteriorated following U.S. President Donald Trump's announcement of a tariff proposal, intensifying concerns about global growth prospects and causing a significant drop in U.S. stock markets. On Friday, the S&P 500 index saw its market value plummet by $1.5 trillion, with a cumulative loss of $3.5 trillion over two trading days. Major tech stocks declined, and the Nasdaq index closed more than 20% below its record high from December last year, entering a technical bear market.Looking ahead to next week, the outlook on tariffs remains uncertain. Investors are advised to focus on potential agreements between the U.S. and other countries, which could help improve market sentiment. Without any agreements, and if more countries respond with tariffs, the market may face another challenging week.Key events for the upcoming week include:- Wednesday 02:00 (UTC+8): San Francisco Fed President Daly participates in a discussion on "Fed Economic Outlook and Work."- Wednesday 23:00 (UTC+8): Richmond Fed President Barkin delivers a speech.- Wednesday 21:30 (UTC+8): Dallas Fed President Logan gives a welcome address at an event.- Thursday 02:00 (UTC+8): Federal Reserve releases minutes from the March monetary policy meeting.- Thursday 20:30 (UTC+8): U.S. March CPI data and initial jobless claims for the week ending April 5.- Friday 00:00 (UTC+8): Chicago Fed President Goolsbee speaks at the New York Economic Club.- Friday 00:30 (UTC+8): Philadelphia Fed President Harker discusses fintech.- Friday 20:30 (UTC+8): U.S. March PPI data.- Friday 22:00 (UTC+8): St. Louis Fed President Mussa speaks on U.S. economy and monetary policy.- Friday 22:00 (UTC+8): U.S. April one-year inflation rate preliminary estimate and University of Michigan consumer sentiment index preliminary value.- Friday 23:00 (UTC+8): New York Fed President Williams discusses economic outlook and monetary policy.Given the current uncertainties, dollar traders will focus on the U.S. March CPI data set to be released next Thursday. Tariffs pose a threat not only to economic activity but also to inflation, presenting an upward risk. If CPI data accelerates further, it may lead traders to reduce some rate cut bets. Besides CPI data, PPI data and inflation expectations could also become key market drivers.