MC Prime: Daily Market Update 0429

🔹US stocks have rebounded on positive news, supported by short covering and retail investor buying, but still face correction risks due to limited rate cuts and tariff pressures.

🔹Gold prices remain under pressure due to easing US-China trade tensions and heavy profit-taking after two years of strong gains.

🔹Overall, the stock market is likely to fl

uctuate within a wide range, while gold still has room for further decline.

📌Key Focus:

Today at 22:30 (GMT+8), the US Dallas Fed Manufacturing Business Index for April will be released. If the data exceeds expectations, it may further support the US dollar and continue to pressure non-US currencies.