Ganfeng Lithium announced that the company signed a "Framework Cooperation Agreement" and a "Strategic Cooperation Agreement" with the People's Government of Gongshu District, Hangzhou and Hangzhou Energy Group Co., Ltd. respectively. The three parties will cooperate in the fields of electrification of transportation, expansion of new energy industries, expansion of energy supply chains, and comprehensive recycling of power batteries, and jointly promote the company's investment in the construction of a high-energy-density solid-state battery research and development and industrialization base in Gongshu District, Hangzhou. The signing of the cooperation agreement aims to achieve resource complementarity and establish a win-win long-term strategic cooperative development relationship. It is expected that it will not have a significant impact on the company's current financial status and operating results.

In a monthly survey, about a third of the 17 strategists cut their year-end targets for European stocks. Given the twists and turns in U.S. policy, professionals are starting to turn cautious. "Our tariff model shows that most of the impact on Europe is net exports, not consumption or other categories," said UBS strategist Gerry Fowler, who lowered his year-end target for the Euro Stoxx 600 index to 550 points. Barclays strategists led by Emmanuel Cau made the biggest cut, lowering their index target to 490 points from 580 points a month ago. But they believe the final outcome is very uncertain and Europe is relatively better positioned with the support of monetary and fiscal policies. Citi strategists led by Beata Manthey said the trading environment may continue to be volatile as macroeconomic/policy uncertainty remains high, "but if trade negotiations continue to proceed smoothly, we believe European stocks still have room to rise by 5-10% by the end of the year."

Meta Platforms rose 4.3%, Snap Inc rose 2.4% and Pinterest rose 5.2%. These technology companies performed strongly in the stock market, showing the market's continued confidence in social media and online platforms. Investors are optimistic about the growth potential and innovation capabilities of these companies, driving the stock prices higher.

Amazon shares rose 1.6% pre-market; Google parent company Alphabet reiterated its artificial intelligence construction plan

Amazon shares rose 1.6% in premarket trading after Alphabet reiterated plans to expand in artificial intelligence.

A new study published in the Journal of the American Medical Association on April 24 showed that based on the current measles vaccination rate in the United States, there may be more than 850,000 new measles cases in the United States in the next 25 years, and measles may become prevalent again.

This week, the comprehensive price of the national carbon market was: the highest price was 80.60 yuan/ton, the lowest price was 75.70 yuan/ton, and the closing price fell 5.75% from last Friday. This week, the transaction volume of listed agreements was 719,145 tons, with a transaction volume of 55,003,199.00 yuan; the transaction volume of bulk agreements was 895,000 tons, with a transaction volume of 70,439,000.00 yuan. This week, the total transaction volume of national carbon emission quotas was 1,614,145 tons, with a total transaction volume of 125,442,199.00 yuan. From January 1 to April 25, 2025, the transaction volume of carbon emission quotas in the national carbon market was 10,658,505 tons, with a transaction volume of 895,239,371.97 yuan. (National Carbon Trading)

On April 25, the Douyin Life Service 2025 "Heartbeat List" was officially released in Beijing, with a total of 2,117 restaurants from 40 cities across the country on the list. Among them, 1,689 restaurants were on the list for the first time, and 428 restaurants were on the list for two consecutive years. Compared with last year, this "Heartbeat List" has added 18 cities, including Wuxi, Yangzhou, Quanzhou, Harbin, Zibo, Baoding, etc.

The impact of U.S. tariffs will likely be to push down euro zone consumer prices rather than create a new round of inflation, European Central Bank board member Robert Holzmann said. The typically hawkish policymaker also said the uncertainty meant the ECB’s next rate decision was “wide open.” “We don’t know where this is going to end up,” Holzmann said in an interview in Washington as he attended the International Monetary Fund’s spring meetings. But he said he agreed with ECB President Christine Lagarde that the net effect of the news on U.S. tariffs so far appeared to be pushing down, not up, inflation.”

The State Financial Supervision and Administration Bureau issued a notice on strengthening the supervision of universal life insurance. Except for products such as whole life insurance, endowment insurance and annuity insurance, other products shall not be designed as universal. The insurance period of universal insurance shall not be less than five years. Insurance companies can extend the actual duration of the policy by reasonably setting product elements such as surrender fees, partial withdrawal fees, and policy continuation rewards to further meet consumers' long-term protection needs. The issuance time of policy continuation rewards shall not be earlier than the end of the fifth policy year.

The China Passenger Car Association predicts that the total retail market size of narrow passenger cars this month is about 1.75 million vehicles, a year-on-year increase of 14.4% and a month-on-month decrease of 9.8%. New energy retail sales are expected to reach 900,000, with a penetration rate of 51.4%.

The State Financial Supervision and Administration Bureau issued a notice on strengthening the supervision of universal life insurance. Insurance companies should formulate scientific and reasonable investment strategies based on the attributes and characteristics of universal insurance accounts, standardize investment behaviors, strictly control the investment proportion of major asset classes, actively control the investment concentration ratio of single industries, single products and single counterparties, effectively manage related risk exposures, and ensure that they are within their own risk tolerance. The use of universal insurance funds shall comply with the following provisions: 1. The balance of investment in the equity of a single unlisted enterprise shall not exceed 20% of the total share capital of the unlisted enterprise; the balance of investment in a single equity investment fund shall not exceed 30% of the paid-in shares of the equity investment fund. 2. The book balance of investment in a single real estate-related financial product shall not exceed 25% of the paid-in scale of the product. 3. The balance of investment in a single collective fund trust plan shall not exceed 25% of the paid-in trust scale of the product (except for those with an AAA credit rating).

Spot gold fell below $3,290 an ounce, down 1.77% on the day

U.S. S&P 500 futures rose 0.47%, Nasdaq 100 futures rose 0.5% and Dow Jones Industrial Average futures were flat.

U.S. stock futures rose, with S&P 500 futures up 0.47%, Nasdaq futures up 0.5%, and Dow futures flat.

Star technology stocks rose collectively in the US before the market opened, with Google A up more than 5%, Q1 revenue exceeding expectations, and announcing a $70 billion stock buyback; Meta rose more than 4%, Amazon, Tesla, and Nvidia rose more than 1%. Pony.ai rose nearly 15% before the market opened, and the stock soared nearly 40% yesterday.

Google parent company Alphabet shares rose 5.3% in premarket trading after its first-quarter revenue exceeded expectations and it announced a stock buyback.