March 21 Overnight News: Trump Considers Gradually Reducing Military Operations Against Iran; Gold Records Largest Weekly Decline in 43 Years; Traders Turn Bullish on Dollar for First Time Since Start of Year

For more global financial news, please visit 24/7 real-time financial news live broadcast.

Markets

Closing on March 21: U.S. stocks fell for the fourth consecutive week, with the Dow and Nasdaq approaching correction zones.

Top 20 U.S. stock trading volumes on March 21: U.S. regulators investigate Tesla FSD safety concerns.

Popular Chinese concept stocks mostly declined on March 21: Kingsoft Cloud down 9.11%, Xpeng Motors down 8.36%.

Crude Oil: Brent closes at its highest since 2022; no signs of easing in Middle East conflicts.

European stock markets fell for three weeks straight; Middle East war and inflation concerns triggered sell-offs.

Gold experienced its largest weekly decline in 43 years.

Macro

White House: Trump is fully focused on achieving a “comprehensive” victory in Iran.

Trump considers “gradually reducing” military actions against Iran, downplaying the responsibility for the Hormuz escort mission.

The U.S. will release the first 45 million barrels from its oil reserves.

S&P upgrades Ireland’s credit rating to AA+ with a stable outlook.

The U.S. is investigating potential links between Colombian president and drug traffickers.

The U.S. is evaluating plans to seize the Harker Island oil export hub, deploying Marines to the Middle East.

European Central Bank Governing Council member Nagel: If necessary, can act swiftly to address inflation risks.

Trump refuses to agree to a ceasefire with Iran, stating the Strait of Hormuz will “recover on its own.”

Trump says the U.S. and Israel share similar goals.

Trump: “I don’t want a ceasefire” in the Iran war.

Trump declines to comment on reports regarding Harker Island in Iran.

India’s gas transport ship plans to set sail through the Strait of Hormuz.

Iran continues attacks on Gulf countries; Trump criticizes NATO allies as “cowardly.”

Iran reportedly unwilling to discuss opening the Strait of Hormuz during U.S. attacks.

White House releases AI regulation framework, aiming to unify rules and limit state-level regulation.

Companies

Jury finds Elon Musk guilty of defrauding Twitter investors; could face billions in damages.

Microchip board member Liao Yixian resigns.

SoftBank plans to build a $500 billion AI data center in Ohio.

Nvidia pays $17 billion in taxes in the U.S., ranking first among global corporations.

Comments

S&P 500 ETF futures rise after hours; Trump considers gradually reducing military actions against Iran.

U.S. bond market: Treasury bonds tumble and remain under pressure; block trades buy on dips.

War fuels safe-haven sentiment; traders are optimistic about the dollar for the first time this year.

Bank of America: If the Hormuz Strait remains closed, the risk of a global recession could increase.

S&P 500 industrial index approaches correction; Iran war sparks growth concerns.

Dallas Fed: Continued closure of the Hormuz Strait could impact global GDP.

Soaring oil prices have completely overturned the U.S. bond market’s expectations of Fed rate cuts in 2026.

European Central Bank reportedly inquires about the impact of the Iran war on clients and business.

For more information, secure and fast futures account opening on Sina’s major platform.

Massive information, precise analysis, all on Sina Finance APP.

Editor: Wang Xuning