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00:53:43

The European Parliament's trade committee will meet on Monday to discuss issues related to the US-EU trade agreement.

00:53:32

The German Association of the Automotive Industry (VDA) argues that the major tariffs affecting the automotive industry are not within the scope of the U.S. Supreme Court ruling.

00:53:21

Trump said he must take action on the court ruling.

00:53:03

[Experts: Trump Administration May Re-impose Tariffs Through Other Legislation] Du Ming, Deputy Dean of the Law School at Durham University, Professor of Transnational Law, and Co-Director of the Global Policy Institute, recently stated that there is limited room for maneuver in the legal arena. While the court ruling may be delayed, the Trump administration has essentially lost. He also cautioned that even if the Trump administration loses in the Supreme Court, it may still use other legal provisions to re-impose tariffs.

00:51:49

Brazil's finance minister believes the U.S. tariff ruling will bring immediate benefits.

00:51:39

The Federation of German Industries (BDI) has stated regarding the US Supreme Court's tariff ruling that the EU should, with the support of the German government, communicate with the US as soon as possible to clarify the specific impact of the ruling on the EU-US trade agreement.

00:51:25

A 5.0-magnitude earthquake struck off the east coast of Aomori Prefecture, Japan, at approximately 11:16 p.m. local time on the 20th, according to the Japan Meteorological Agency. The earthquake had a depth of 60 kilometers. No tsunami is expected.

00:51:02

[US Economic Growth Expected to Reach 2.2% in 2025, Lowest Level Since 2021] On February 20th local time, the US Bureau of Economic Analysis released a report showing that US real GDP is projected to grow by 2.2% year-on-year in 2025, lower than the 2.8% growth in 2024, marking the lowest growth rate since 2021. In terms of prices, the gross domestic price index is expected to rise by 2.6% in 2025, higher than the 2.4% in 2024. The personal consumption expenditures (PCE) price index is expected to rise by 2.6% for the year, the same as in 2024; the core PCE price index, excluding food and energy, is expected to rise by 2.8%, slightly lower than the 2.9% in 2024. Preliminary estimates indicate that US GDP will grow at an annualized rate of 1.4% in the fourth quarter of 2025 (October-December), a significant slowdown from the 4.4% growth rate in the third quarter. The report points out that fourth-quarter GDP growth was mainly driven by household consumption and investment, but a decline in government spending and exports contributed to the slowdown.

00:50:40

Brazilian President Lula stated that Maduro should be tried by Venezuelan courts.

00:50:22

California Governor Gavin Newsom: "Tariff payments must be refunded immediately."

00:50:08

The National Retail Federation stated that the Supreme Court's tariff ruling provides much-needed certainty to American businesses and manufacturers.

00:49:46

European luxury goods and alcohol stocks surge after Supreme Court ruling on tariffs. The European luxury goods and alcohol sector rose sharply after the US Supreme Court ruled that Trump's global tariffs were illegal. With large US operations and most production bases in Europe, luxury goods companies are among the sectors most directly impacted by Trump's tariffs. Following the ruling, the European luxury goods stock index jumped 1.3%, with industry leader LVMH Group's share price surging 1.3%. Pernod Ricard, Hermès, and Moncler also saw gains. Diageo, the beer and spirits producer, saw its share price rise by over 1%.

00:49:22

[Analysis: Anti-Tariff Ruling Expected to Benefit the Dollar in the Long Run] Corpay's Karl Schamotta wrote that the U.S. Supreme Court's ruling against Trump's tariffs "helps reduce uncertainty for businesses and investors." He believes the ruling is likely to lead to a "slight narrowing of exchange rate trading ranges" and support a "recovery in market risk appetite." Schamotta stated that this change is beneficial to the Mexican peso, the Canadian dollar, and many Asian currencies. He added that the ruling's impact on the dollar is "generally positive in the long run."

00:36:23

Spot platinum has just broken through the $2,140.00/ounce mark, and is currently trading at $2,138.88/ounce, up 3.00% on the day; Nymex platinum futures are currently trading at $2,162.0/ounce, up 4.51% on the day.

00:35:38

Swissmem, the Swiss Industry Association: Regarding potential tax refunds: US buyers are obligated to pay customs duties to the authorities.

00:35:36

Swissmem, the Swiss industry association, stated that the reason is that the market expects the Trump administration to invoke other laws to legalize tariffs.

00:35:35

The Swiss industrial group Swissmem is urging the Swiss government to reach a trade agreement with the United States by the end of 2025, with strong legal safeguards.

00:35:32

The German Engineering Association (VDMA) commented on the US Supreme Court's tariff ruling: The ruling is significant, but businesses still face uncertainty.

00:35:31

[US Consumer Confidence Rises Less Than Expected in February, Short-Term Inflation Expectations Fall Sharply] US consumer confidence rebounded less than expected in February, with optimism among high-income earners offset by a decline in confidence among those who did not benefit from the stock market rally. Final data released by the University of Michigan on Friday showed that the consumer confidence index rose slightly to 56.6 in February, up from 56.4 in January. The survey period was from January 20 to February 16. The median forecast from economists surveyed by Bloomberg was 57.3. The data showed that consumers expect inflation to rise by 3.4% over the next year, down from 4% in January and a one-year low; their inflation expectations for the next 5-10 years are 3.3%. Joanne Hsu, the survey's director, said in a statement, "Affluent and high-income consumers feel better positioned to withstand potential economic risks due to stronger income prospects and portfolio conditions."

00:35:25

Federal Reserve's Bostic: GDP growth is projected at 2.4% in 2026, 2.1% in 2027, and will return to trend levels in 2028.

00:35:25

Federal Reserve's Bostic: If inflation picks up again, interest rate hikes must be considered.

00:33:51

Bostic: If inflation falls short of expectations and begins to rise, the Fed will have to consider raising interest rates.

00:32:50

European stocks hit record closing highs after US Supreme Court ruled Trump's tariffs illegal. The STOXX Europe 600 index closed up 0.83% at 630.49 points, a record closing high, and rose approximately 2% for the week. The STOXX Eurozone 50 index closed up 1.08% at 6125.83 points, and rose 2.3% for the week. The FTSE Eurotop 300 index closed up 0.83% at 2514.42 points.

00:32:42

Spot gold has just broken through the $5060.00/ounce mark, and is currently trading at $5060.01/ounce, up 1.28% on the day; COMEX gold futures are currently trading at $5080.50/ounce, up 1.66% on the day.

00:30:22

The Nasdaq Composite Index has just broken through the 22,800.00 mark, currently trading at 22,799.62, up 0.52% on the day.

00:29:42

The Dow Jones Industrial Average has just broken through the 49,400.00 mark, currently trading at 49,399.11, up 0.01% on the day.

00:25:33

Goldman Sachs stated that 2026 has started well and has raised its sales forecast for the U.S. investment-grade bond market to $2.1 trillion, while also raising its supply forecast for high-rated (i.e., investment-grade) European bonds to €850 billion.

00:22:31

[US May Need to Refund $175 Billion in Tariffs] The Trump administration has not released tariff data since December 14. However, economists at the Wharton School of the University of Pennsylvania's budget model estimated earlier today that the total amount of Trump's tariffs imposed under the International Emergency Economic Powers Act (IEEPA) exceeds $175 billion. With the Supreme Court ruling the tariffs illegal, this sum may face a refund requirement. (CCTV International News)

00:21:02

Soybean and corn futures prices fell, erasing all gains previously made due to the tariff ruling.

23:59:52

Bostic: A large amount of fiscal stimulus measures are about to be implemented, which will boost economic growth, but will also put some pressure on inflation.

23:59:36

The Dallas Federal Reserve Bank's cut-off average personal consumption expenditures (PCE) price index showed that it rose 2.2% at an annualized rate in December, compared with 1.7% in November.

23:59:03

[US Treasuries Fall Further After Supreme Court Overturns Trump's Tariff Policy] US Treasuries fell further after the Supreme Court ruled that Trump's global tariff policies were invalid. Following the ruling, yields rose across the board, with the benchmark 10-year Treasury yield climbing to 4.10%. The court clearly ruled that the government exceeded its authorized powers in imposing reciprocal tariffs on trading partners. "The market's instinctive reaction to this Supreme Court ruling was a weaker dollar and pressure on maturing bonds," noted Bipan Rai of BMO Asset Management. "We believe that from a long-term perspective, this will not trigger drastic changes, as the White House will likely take other measures to compensate for the revenue losses."

23:58:39

A statement released by the Canadian government indicates that the US Supreme Court's ruling on tariffs reinforces Canada's position that the tariffs imposed by the US under the International Emergency Economic Powers Act are unreasonable.

23:58:12

Bostic: I think the neutral rate might be 0.25 to 0.5 percentage points lower than the current policy rate.

23:57:59

Shares of personal computer manufacturers rose after the U.S. Supreme Court ruled that Trump's global tariff measures were illegal, with Dell shares climbing 1.9% and HP shares rising 1.4%.

23:57:48

The UK government stated that it will work with the US government to understand the impact of this ruling on tariffs in the UK and other parts of the world.

23:57:36

The British government has commented on the US Supreme Court's tariff ruling, stating that "we expect our preferential trade status with the United States to continue under any circumstances."

23:57:26

U.S. Democrat Chuck Schumer said the tariff ruling was a victory for consumers' wallets.

23:57:13

The UK government issued a statement regarding the US Supreme Court's tariff ruling: This is a matter for the US to determine, but we will continue to support UK businesses as more details are released.

23:56:49

Postick: Another issue to consider is whether the government has other avenues to collect the equivalent amount of tariffs, or whether it is subject to restrictions that prevent it from doing so.

23:56:34

Bostic: This Supreme Court ruling will raise questions in the market about whether the new supply and pricing standards will persist or trigger a correction.

23:56:20

Federal Reserve's Bostic stated that keeping inflation at the 2% target level would create conditions for a reduction in policy interest rates. It is currently difficult to determine the specific impact of the Supreme Court's tariff ruling, as this depends on many factors, including whether tariffs need to be refunded and how businesses will react.

23:55:59

An EU spokesperson stated that the EU is seeking clear follow-up measures.

23:55:50

Trump called the Supreme Court's ruling a disgrace.

23:55:50

Trump stated that he has prepared a backup tariff plan following this ruling.

23:52:21

The Nasdaq Composite Index rose 1.00% to 22,910.12 on the day.

23:51:21

Spot gold has just broken through the $5040.00/ounce mark, and is currently trading at $5039.75/ounce, up 0.87% on the day; COMEX gold futures are currently trading at $5059.90/ounce, up 1.25% on the day.

23:49:11

The Nasdaq Composite Index has just broken through the 22,900.00 mark, currently trading at 22,901.31, up 0.96% on the day.

23:46:51

Spot platinum has just broken through the $2,140.00/ounce mark, and is currently trading at $2,138.80/ounce, up 3.00% on the day; Nymex platinum futures are currently trading at $2,155.0/ounce, up 4.17% on the day.

23:46:22

An EU spokesperson stated: "We have taken note of the relevant ruling by the US Supreme Court and are analyzing it carefully."

23:46:21

Spot gold has just broken through the $5050.00/ounce mark, and is currently trading at $5050.37/ounce, up 1.09% on the day; COMEX gold futures are currently trading at $5069.70/ounce, up 1.45% on the day.

23:46:13

EU spokesperson: We will maintain close communication with the US government as we seek clarity on what measures the US government plans to take in response to this ruling.

23:46:00

EU spokesperson: We will continue to advocate for low tariffs and are committed to reducing tariff levels.

23:45:45

EU spokesperson: We will continue to advocate for low tariffs and are committed to reducing tariff levels.

23:45:36

An EU spokesperson stated: "We will maintain close communication with the US government as we seek clarity on what measures it plans to take in response to this ruling."

23:44:43

EU spokesperson: We have taken note of the relevant ruling by the US Supreme Court and are analyzing it carefully.

23:44:30

Spot platinum has just broken through the $2,150.00/ounce mark, last trading at $2,150.09/ounce, up 3.54% on the day; Nymex platinum futures main contract was last trading at $2,163.0/ounce, up 4.56% on the day.

23:44:29

According to data from the forecasting platform Kalshi, the market now believes there is a 66% chance that a court will order the Trump administration to return tariffs by July 2026, a significant increase from the previous estimate of around 30%.

23:44:09

Homebuilder stocks rose after the U.S. Supreme Court ruled that Trump’s global tariff policies were illegal.

23:43:10

Spot silver has just broken through the $82.00/ounce mark, last trading at $82.01/ounce, up 4.49% on the day; COMEX silver futures, the most active contract, last traded at $82.00/ounce, up 5.62% on the day.

23:43:00

Spot gold has just broken through the $5,040.00/ounce mark, and is currently trading at $5,040.27/ounce, up 0.88% on the day; COMEX gold futures are currently trading at $5,059.40/ounce, up 1.24% on the day.

23:38:39

Spot platinum has just broken through the $2,140.00/ounce mark, last trading at $2,140.18/ounce, up 3.06% on the day; Nymex platinum futures main contract was last trading at $2,155.6/ounce, up 4.20% on the day.

23:32:50

U.S. Senator Warren called for refunds to be processed for the American people after the U.S. Supreme Court makes a ruling.

23:32:39

[US New Home Sales Rebounded at the End of Last Year] New home sales in the US rebounded at the end of last year, driven by a combination of factors: developers offering widespread sales incentives and slightly lower financing costs. Data released by the US government on Friday showed a significant increase in new single-family home sales in November, with December sales reaching an annualized rate of 745,000 units. This data was delayed due to the federal government shutdown last fall. Economists surveyed by Bloomberg had previously predicted December sales of approximately 730,000 units. The report covers data from the last two months of last year, showing that the sales increase in October and November was the largest since August 2022. The median new home sales price in December fell 2% year-over-year to $414,400. Throughout 2025, there are only three months in the US where home prices do not decline year-over-year. Although new homes account for only about 15% of total home sales in the United States, the strong performance at the end of 2025 will inject positive vitality into the overall sluggish U.S. housing market.

23:32:15

[Zelensky: Geneva Talks Make No Progress on Territorial Dispute] Ukrainian President Volodymyr Zelenskyy told reporters that the Ukrainian negotiating delegation made no substantial progress in resolving the territorial dispute with Russia during the Geneva talks this week. Zelenskyy stated that he met with the Ukrainian negotiators on Friday. During the Geneva talks, all parties reached a consensus: if a peace agreement is reached, the United States will be responsible for monitoring the implementation of the ceasefire. Zelenskyy described this as a "very important result" of the talks.

23:31:57

[US Supreme Court Rules Trump's Global Tariffs Illegal] At approximately 11 PM Beijing time tonight (10 AM Eastern Time on February 20th), the US Supreme Court officially announced its ruling, finding that the Trump administration's large-scale tariff measures implemented under the International Emergency Economic Powers Act (IEEPA) lacked clear legal authorization. The Supreme Court justices upheld the lower court's ruling 6-3, clarifying that Trump's use of the IEPA to impose tariffs "exceeded his legal authority." However, the ruling only restricts Trump's ability to impose tariffs through the IEPA, not completely stripping him of his power to do so. Prior to this, Trump had already imposed tariffs on copper, steel, aluminum, and other products based on other trade-related laws. After taking office in 2025, the Trump administration invoked the IEPA to issue executive orders without congressional approval, introducing a series of tariff measures that triggered numerous lawsuits within the US. After the US Court of Appeals for the Federal Circuit and the US Court of International Trade ruled the Trump administration's package of tariffs illegal, the Trump administration appealed to the Supreme Court. (CCTV International News)

23:31:39

Federal Reserve's Bostic: Keeping interest rates at a moderately restrictive level is a prudent move. Economic growth is expected to put upward pressure on inflation in 2026.

23:31:38

Federal Reserve's Bostic: I haven't heard much concern about the labor market right now, and the economy seems to be in a relatively stable state.

23:30:09

Spot platinum has just broken through the $2,120.00/ounce mark, last trading at $2,119.65/ounce, up 2.08% on the day; Nymex platinum futures main contract was last trading at $2,141.0/ounce, up 3.50% on the day.

23:29:49

Federal Reserve's Bostic: The price impact of tariffs will eventually be transmitted gradually, and the subsequent price level is expected to return to the 2% target; businesses' expectations for US GDP growth in 2026 are roughly the same as the current level, or even slightly stronger, which may further push up price pressures.

23:29:48

The Dow Jones Industrial Average has just broken through the 49,500.00 mark, currently trading at 49,489.93, up 0.19% on the day.

23:29:46

Bostic: The Fed’s moderately tight policy stance is prudent and can prevent further inflationary pressures.

23:29:46

Bostic: The price shock from tariffs will eventually be fully transmitted, and there is a possibility that subsequent price trends will return to the 2% level.

23:29:43

Federal Reserve's Bostic: High-income families are generally in a sound financial position, while most other families are struggling financially, with many groups barely able to make ends meet on their salaries.

23:29:43

Bostic: The Fed’s decision to maintain a moderately tight monetary policy is justified and will prevent inflation from rising.

23:29:41

Federal Reserve's Bostic: The latest personal consumption expenditure (PCE) data is still far from the 2% policy target, and there is a risk that inflation continuing to be above the target could become entrenched in market expectations.

23:29:40

Federal Reserve's Bostic: If economic growth exceeds about 1.8%, it means that prices will face upward pressure.

23:29:39

Federal Reserve's Bostic: The U.S. economy has shown remarkable resilience despite multiple disruptions.

23:29:39

Federal Reserve's Bostic: The US economy is performing strongly, and price trends remain a key focus for the Fed.

23:29:37

Federal Reserve's Bostic: With multiple disturbances such as trade frictions, this year's GDP growth rate of 2.2% is relatively strong.

23:27:26

Federal Reserve's Bostic: Research shows that companies plan to pass on more tariff costs to downstream businesses this year, and the room for maneuver to postpone cost passing has been largely exhausted.

23:27:10

Gold prices gave back some of their gains following news of Russia's gold sales and tariff rulings.

23:26:54

There are currently hundreds of pending lawsuits in the U.S. Court of Trade concerning tariff refunds.

23:26:51

The U.S. Supreme Court stated that Trump's use of the Federal Emergency Management Agency (FEMA) to impose "reciprocal" tariffs globally, as well as the special import tariffs imposed under the pretext of combating fentanyl smuggling, exceeded his legal authority.

23:25:59

Following the tariff ruling, the European auto sector surged, with the latest gain reaching 1.1%.

23:25:48

Spot gold has just broken through the $5,020.00/ounce mark, and is currently trading at $5,019.85/ounce, up 0.47% on the day; COMEX gold futures are currently trading at $5,040.80/ounce, up 0.87% on the day.

23:25:43

The latest spread between the yields on 2-year and 10-year U.S. Treasury bonds is positive 59.9 basis points.

23:25:18

U.S. Treasury yields rose after the U.S. Supreme Court ruled the tariffs illegal; the 10-year Treasury yield rose 1.9 basis points to 4.094%, and the 2-year Treasury yield rose 1.9 basis points to 3.489%.

23:24:46

Market traders currently expect the Federal Reserve to postpone its rate cuts until July.

23:24:24

Short-term interest rate futures contracts fell after the tariff ruling was announced.

23:24:06

U.S. Treasury yields rose after the U.S. Supreme Court rejected Trump's tariff policy.

23:23:58

The Dow Jones Industrial Average has just broken through the 49,600.00 mark, currently trading at 49,600.29, up 0.42% on the day.

23:23:55

Affected by the tariff ruling, the Bloomberg Dollar Spot Index fell to its intraday low, and the Dollar Index (DXY) dropped 20 points in the short term, hitting a low of 97.71.

23:23:54

The Stoxx Europe 600 index extended its gains to 1.1% after the official announcement of the US tariff ruling.

23:23:28

The FTSE China A50 Index futures have just broken through the 14800.00 mark, currently trading at 14801.00, up 0.52% on the day.

23:23:09

Following the tariff ruling, the S&P 500 and Nasdaq 100 indices rose to their intraday highs.

23:21:44

[Hassett: Q4 GDP Data Misses Expectations, But Capital Spending Boom Continues] White House National Economic Council Director Kevin Hassett stated that Friday's fourth-quarter GDP data slightly missed expectations; even so, the report shows that capital spending has remained robust for three consecutive quarters. Hassett mentioned that U.S. Trade Representative Greer is prepared to respond if the U.S. Supreme Court rules against tariffs. He also stated in an interview that he may have been slightly overly emotional when criticizing the New York Fed's tariff-related research.

23:18:37

Spot gold has just broken through the $5,040.00/ounce mark, and is currently trading at $5,040.07/ounce, up 0.88% on the day; COMEX gold futures are currently trading at $5,059.00/ounce, up 1.23% on the day.

23:18:17

Spot platinum has just broken through the $2,130.00/ounce mark, last trading at $2,132.38/ounce, up 2.69% on the day; Nymex platinum futures main contract was last trading at $2,148.2/ounce, up 3.84% on the day.

23:18:08

The euro just touched the 1.1800 level against the dollar, last trading at 1.1800, up 0.23% on the day.