在纽约，道琼斯指数周五下跌716点，跌幅1.69%。亚马逊（-4.41%）、耐克（-3.86%）和波音（-3.39%）领跌。

In New York, the Dow Jones Index fell 716 points or 1.69 percent on Friday. Leading the losses are Amazon (-4.41%), Nike (-3.86%) and Boeing (-3.39%).

美国股市周五收盘大幅下跌，受通胀担忧加剧和贸易政策不确定性增加的拖累。标准普尔500指数下跌2%，道琼斯指数下跌715点，纳斯达克100指数下跌2.7%。科技巨头领跌，Alphabet、亚马逊和Meta各下跌4%以上，微软下跌3%。密歇根大学3月份的最终消费者信心指数显示了自1993年以来的最高长期通胀预期，通胀担忧加剧。与此同时，核心个人消费支出价格指数（美联储首选的通胀指标）在2月份上涨了2.8%，超过了预期，而消费者支出增长了0.4%。随着特朗普25%的汽车关税下周生效，投资者准备应对进一步的贸易中断，这引发了人们对主要贸易伙伴采取报复措施的担忧。标准普尔500指数和纳斯达克指数分别下跌超过1%和2%，创下六周来的第五周跌幅，而道琼斯指数下跌0.8%。

Stocks in the US closed sharply lower on Friday, weighed down by rising inflation concerns and growing trade policy uncertainty. The S&P 500 slid 2%, the Dow Jones sank 715 points, and the Nasdaq 100 tumbled 2.7%. Tech giants led the decline, with Alphabet, Amazon and Meta dropping over 4% each, and Microsoft fell 3%. Inflation worries intensified after the University of Michigan’s final consumer sentiment reading for March showed the highest long-term inflation expectations since 1993. Meanwhile, the core PCE price index, the Fed’s preferred inflation measure, rose 2.8% in February, surpassing forecasts, while consumer spending grew 0.4%. Investors braced for further trade disruptions as Trump’s 25% auto tariff takes effect next week, sparking concerns of retaliatory measures from key trading partners. The S&P 500 and Nasdaq lost over 1% and 2% respectively, booking their fifth weekly drop in six weeks, while the Dow declined 0.8%.

受通胀担忧加剧和贸易政策不确定性升级的压力，美国股市在下午交易中继续抛售。标准普尔500指数下跌1.8%，道琼斯指数下跌700点，纳斯达克100指数下跌2.7%。科技巨头领跌，Alphabet和亚马逊下跌超过4%，微软和Meta下跌3.5%。密歇根大学3月份的最终消费者信心指数显示了自1993年以来的最高长期通胀预期，通胀担忧加剧。与此同时，核心个人消费支出价格指数（美联储首选的通胀指标）在2月份上涨了2.8%，超过了预期，而消费者支出增长了0.4%。随着特朗普25%的汽车关税下周生效，投资者准备应对进一步的贸易中断，这引发了人们对主要贸易伙伴采取报复措施的担忧。。标准普尔500指数和纳斯达克指数分别下跌超过1%和2%，有望在六周内第五周下跌，而道琼斯指数将下跌0.8%。

US stocks extended their sell-off in afternoon trading, pressured by mounting inflation concerns and escalating trade policy uncertainty. The S&P 500 slid 1.8%, the Dow Jones sank 700 points, and the Nasdaq 100 tumbled 2.7%. Tech giants led the decline, with Alphabet and Amazon dropping over 4%, and Microsoft and Meta falling 3.5%. Inflation worries intensified after the University of Michigan’s final consumer sentiment reading for March showed the highest long-term inflation expectations since 1993. Meanwhile, the core PCE price index, the Fed’s preferred inflation measure, rose 2.8% in February, surpassing forecasts, while consumer spending grew 0.4%. Investors braced for further trade disruptions as Trump’s 25% auto tariff takes effect next week, sparking concerns of retaliatory measures from key trading partners.. The S&P 500 and Nasdaq, down over 1% and 2% respectively, are on track for their fifth weekly drop in six weeks, while the Dow is set to decline 0.8%.

下周，投资者将密切关注贸易战的发展，因为对美国进口的互惠关税将于4月2日生效，包括对汽车征收25%的税。美国就业报告以及ISM PMI也将引起人们的关注，ISM PMI将为劳动力市场和私营部门的表现提供见解。此外，中国官方和财新PMI、日本短观商业调查、欧元区初步通胀数据以及德国工厂订单将成为关注焦点。欧洲最大经济体的PMI也将受到密切关注。与此同时，澳大利亚储备银行预计将保持利率不变。

Next week, investors will closely monitor developments in the trade war, as reciprocal tariffs on imports to the US are set to take effect on April 2nd, including a 25% levy on autos. The US jobs report will also capture attention, alongside the ISM PMIs, which will provide insights into the labour market and private sector performance. Additionally, the official and Caixin PMIs for China, Japan's Tankan business survey, preliminary inflation figures for the Eurozone, and Germany's factory orders will be in focus. The PMIs for Europe's largest economies will also be closely watched. Meanwhile, the Reserve Bank of Australia is expected to keep interest rates unchanged.