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Market News: Indian troops said they had exchanged fire with Pakistan for the second consecutive day.

U.S. Treasury Department: U.S. Treasury Secretary Becent met with Bank of England Governor Bailey to discuss the financial market and regulatory environment.

US Treasury Department: US Treasury Secretary Bescent pointed out during his meeting with the British Chancellor that the progress of fair and reciprocal trade between the United States and the United Kingdom needs to be promoted. The two sides actively discussed matters such as taxation, financial innovation and technology partnerships.

US Treasury Department: US Treasury Secretary Bescent held talks with Indonesia's Treasury Secretary on Thursday, praising Indonesia's positive progress in starting trade consultations with the United States and stressing the US's willingness to cooperate with Indonesia in reciprocity trade and multilateral institutional affairs.

US Treasury Department: US Treasury Secretary Bescent and Japanese Treasury Secretary Kato Katsunobu also reiterated their willingness to continue to maintain close consultations on foreign exchange-related matters.

US Treasury Department: US Treasury Secretary Bescent welcomes the good start of the US and Japan in bilateral trade negotiations.

US Treasury Department: US Treasury Secretary Bescent and Japanese Treasury Secretary Kato Katsunobu Kato held fruitful talks on a wide range of issues including bilateral trade.

U.S. Treasury Department: U.S. Treasury Secretary Bescent met with Japanese Treasury Secretary Katsunobu Kato on Thursday.

[Federal Financial Stability Report: Global Trade War and Policy Uncertainty are the biggest risks of financial stability] The latest financial stability report released by the Federal Reserve on Friday showed that rising global trade risks, overall policy uncertainty and the sustainability of US debt rank first in the list of potential risks in the US financial system. This is the first time the Federal Reserve has conducted a six-year investigation into financial risks since Trump returned to the White House. 73% of respondents said global trade risks were their biggest concern, more than double the percentage reported in November. Half of the respondents believed that overall policy uncertainty was the most worrying issue, an increase from the same period last year. The survey also found that issues related to recent market turmoil have received more attention, with 27% of respondents worried about the operation of the U.S. Treasury market, up from 17% last fall. Foreign divestment of U.S. assets and the value of the dollar are also rising on the list of concerns.

[U.S. stocks close: Nasdaq rose 1.26%, Tesla rose 9.8%] U.S. stocks closed on Friday, with the Dow Jones Industrial Average initially closing up 0.05%, the S&P 500 rose 0.74%, and the Nasdaq rose 1.26%. Tesla (TSLA.O) rose 9.8%, while NVDA (NVDA.O) rose 4.3%. Nasdaq China Golden Dragon Index closed down 0.4%, NIO (NIO.N) fell 3.77%, and Xpeng (XPEV.N) fell 3.5%.

The latest Fed survey: The vulnerability of bank funding conditions is in line with historical normality.

The latest Fed survey: As the stablecoin industry continues to grow, it still faces liquidity risks.

The latest Fed survey: The banking system remains stable and resilient, but the leverage of hedge funds has risen to an all-time high, focusing on the largest funds.

The latest Fed survey: The U.S. Treasury market remains orderly trading, and despite frequent volatility in recent years, the market can still operate normally.

The latest Fed survey: U.S. Treasury and stock markets are low and worsened further in April, but market operations remain orderly.

The latest Fed survey: Respondents also pointed out that the withdrawal of foreign investors from U.S. assets is other new potential shocks.

The latest Fed survey: Global trade risks are the most commonly mentioned risk to the U.S. financial system.

European Commission Executive Vice President Dongbrovskis: There is still a lot of work to be advanced on tariff issues between the EU and the United States to reach an agreement.

Pentagon: The U.S. State Department’s potential sale of Tomahawk ground-attack missiles in the Netherlands is about $2.19 billion.

According to the Wall Street Journal: The U.S. Food and Drug Administration (FDA) requires vaccine manufacturer Novavak to complete a new round of clinical trials to promote the delayed launch of the new coronavirus vaccine.