Trump announces imminent end to military action against Iran; Iran sets conditions for peace.

Trump Claims US Military Actions Against Iran "Coming to an End"

On March 11, US President Trump stated that there are "almost no targets left to strike" in Iran, indicating that military actions against the country are "coming to an end." However, officials from the US and Israel noted that no internal orders to cease military operations have been received. Israeli Defense Minister Katz emphasized that the military actions in collaboration with the US will continue indefinitely until all objectives are achieved.

US to Release 172 Million Barrels from Strategic Oil Reserves

The Trump administration plans to release 172 million barrels from the US emergency oil reserves. This decision comes as a response to soaring crude oil and gasoline prices due to the ongoing conflict with Iran. Energy Secretary Chris Wright announced that the release will take approximately 120 days to complete. The International Energy Agency (IEA) members are also set to release a total of 400 million barrels of reserves globally.

IEA Members to Release Record 400 Million Barrels of Oil

The IEA's 32 member countries have unanimously agreed to release 400 million barrels of oil from their emergency reserves to address disruptions in the oil market caused by the Middle East conflict. This coordinated release marks the sixth such action in the IEA's history since its establishment in 1974.

Iran Warns of Rising Oil Prices

Iran has warned that global oil prices could reach $200 per barrel following attacks on commercial ships. The IEA has suggested a large-scale release of strategic reserves to mitigate one of the most severe oil shocks since the 1970s. The ongoing conflict has resulted in approximately 2,000 deaths, primarily among Iranians and Lebanese.

US Trade Partners Under New 301 Investigation

On March 12, the Trump administration initiated a new round of 301 trade investigations into 16 major trade partners, including the EU, India, Japan, and South Korea, to address industrial overcapacity. This comes after the US Supreme Court overturned key aspects of Trump's global tariff plan.

China’s Central Bank Focuses on AI in Finance

On March 11, the People's Bank of China held a technology work meeting, emphasizing the need to deepen the integration of finance and technology, particularly in advancing AI applications in the financial sector. The meeting highlighted significant progress in digital central bank construction and financial network security.

Iran's President Outlines Conditions to End War

Iranian President Pezeshkian stated that the only way to end the war instigated by the US and Israel is to recognize Iran's legitimate rights, pay war reparations, and provide guarantees against future aggression.

US Military Costs in Iran Conflict Exceed $11.3 Billion

According to reports, the US Department of Defense has spent over $11.3 billion in the first six days of military operations against Iran, excluding many associated costs.

US CPI Data Meets Expectations

The latest data shows that the US Consumer Price Index (CPI) rose by 2.4% year-on-year in February, aligning with market expectations. Core CPI, excluding volatile food and energy prices, increased by 2.5%.

UN Security Council Resolution Against Iran

On March 11, the UN Security Council passed Resolution 2817, condemning Iran's attacks on several Gulf nations and calling for an immediate cessation of hostilities.

US Regulators Propose Easing Capital Requirements for Banks

US regulators are set to propose new capital requirements aimed at encouraging Wall Street banks to increase lending. This includes a revised version of the Basel III capital proposal.

Market Reactions to US-Iran Conflict

As the US-Iran conflict continues, major US indices showed mixed results. The Dow Jones fell by 0.61%, while the Nasdaq rose by 0.08%. Notable stock movements included Oracle surging by over 9% following strong earnings.

Tesla's Sales Surge in China

Tesla's stock rose by 2.15% after reporting a 91% increase in electric vehicle sales in China for February, driven by a low sales base from the previous year.

Meta Develops New AI Chips

Meta Platforms announced the development of four new AI chips as part of its MTIA project, aimed at enhancing generative AI capabilities.

Amazon Expands Euro Bond Issuance

Amazon has increased its Euro bond issuance to a record €14.5 billion (approximately $16.8 billion).

Uber Partners with Zoox for Robotaxi Service

Uber announced a partnership with Zoox to deploy customized robotaxi services on its platform, set to launch in Las Vegas this summer.

Hong Kong Stock Market Activity

On March 11, southbound funds net purchased HK stocks worth HK$34.48 billion, with significant investments in China National Offshore Oil and Alibaba.

Tencent Cloud Adjusts Pricing for AI Models

Tencent Cloud announced a pricing adjustment for its AI models, reflecting a broader trend of price increases in the global cloud computing industry.

Cathay Financial Employee Detained

Cathay Financial announced that one of its employees was detained by the Hong Kong Securities and Futures Commission, but overall business operations remain normal.

Q Technology Reports Camera Module Sales Growth

Q Technology reported a 40.3% year-on-year increase in camera module sales for February, while fingerprint recognition module sales declined by 23.5%.