Overnight US stocks | Prime Minister Ba stated that he will continue to promote negotiations between the United States and Iran to reach an agreement. The three major indices closed lower, with Apple Inc. (AAPL.US) falling more than 2.5%.

On Tuesday, the three major indices opened higher but closed lower, with losses widening in the final hour of trading. President Trump of the United States posted on "Truth Social" stating that in response to requests from the Pakistani Army Chief and Prime Minister, the U.S. will temporarily postpone military strikes on Iran, extend the ceasefire period, and demand that Iran first propose a unified negotiation plan. During this period, the U.S. military will continue to enforce a naval blockade on Iran and maintain military preparedness. He mentioned that the ceasefire will continue until Iran submits a plan and completes negotiations, "regardless of the outcome." U.S. StocksBy the closing bell, the Dow Jones Industrial Average fell by 293.18 points, a decrease of 0.59%, closing at 49149.38 points; the Nasdaq fell by 144.43 points, a decrease of 0.59%, closing at 24259.96 points; the S&P 500 Index fell by 45.13 points, a decrease of 0.63%, closing at 7064.01 points. Most popular tech stocks declined, with Apple Inc. (AAPL.US) falling by over 2.5%, NVIDIA Corporation (NVDA.US), Alphabet Inc. Class C (GOOG.US, GOOGL.US), Tesla, Inc. (TSLA.US) falling by over 1%. European StocksThe DAX30 Index in Germany fell by 202.01 points, a decrease of 0.83%, closing at 24242.32 points; the FTSE 100 Index in the UK fell by 118.35 points, a decrease of 1.12%, closing at 10490.73 points; the CAC40 Index in France fell by 95.33 points, a decrease of 1.14%, closing at 8235.72 points; the Euro Stoxx 50 Index fell by 61.17 points, a decrease of 1.02%, closing at 5921.46 points; the IBEX35 Index in Spain fell by 136.65 points, a decrease of 0.75%, closing at 18124.25 points; the FTSE MIB Index in Italy fell by 325.52 points, a decrease of 0.68%, closing at 47881.50 points. Asian StocksThe Nikkei 225 Index rose by 0.89%, and the KOSPI Index in South Korea rose by 2.72%. CryptocurrencyBitcoin dipped by 0.64%, closing at $75490; Ethereum dipped by 0.32%, closing at $2312.17. U.S. Dollar IndexThe U.S. dollar index, which measures the dollar against six major currencies, rose 0.3% to close at 98.393 in the forex market by the end of the trading day. By the end of the New York forex market, 1 euro exchanged for $1.1744, lower than the previous trading day's $1.1782; 1 pound exchanged for $1.3508, lower than the previous trading day's $1.3536. 1 dollar exchanged for 159.35 yen, higher than the previous trading day's 158.87 yen; 1 dollar exchanged for 0.7808 Swiss franc, higher than the previous trading day's 0.7786 Swiss franc; 1 dollar exchanged for 1.366 Canadian dollar, higher than the previous trading day's 1.3643 Canadian dollar; 1 dollar exchanged for 9.1746 Swedish krone, higher than the previous trading day's 9.1269 Swedish krone. Crude OilLight crude oil futures for June delivery on the New York Mercantile Exchange rose by $2.25, closing at $91.86 per barrel, an increase of 2.51%; Brent crude oil futures for June delivery rose by $3.00, closing at $98.48 per barrel, an increase of 3.14%. Both American and Brent oils experienced a more than $4 fluctuation in a half-hour period from 3:35 to 4:10 Beijing time, with prices rising on news that representatives from both the U.S. and Iran called off their visit to Pakistan, and briefly erasing gains as Trump announced the extension of the ceasefire agreement. Precious MetalsSpot gold fell sharply, closing at $4718.76 per ounce; spot silver closed at $76.68 per ounce. Macro News Prime Minister of Pakistan continues to push for U.S.-Iran negotiations reaching an agreement. Prime Minister Shahbaz of Pakistan posted on social media early Tuesday thanking President Trump for accepting Pakistan's request to extend the ceasefire to facilitate ongoing mediation efforts. Shahbaz stated in the post, "Based on the trust and confidence between us, Pakistan will continue to make sincere efforts to resolve the conflict through negotiations. I sincerely hope that both parties can continue to maintain the ceasefire and reach a comprehensive 'peace agreement' during the second round of talks scheduled to take place in Islamabad, to permanently end this conflict." Sources say Iran will not participate in U.S.-Iran talks on the 22nd. The Iranian negotiating team has informed the U.S. through Pakistani intermediaries that for various reasons, they will not be traveling to Islamabad, Pakistan, on the 22nd and currently have no plans to participate in negotiations. Sources point out that after Pakistan intervened and requested a ceasefire from the U.S., Iran accepted the ceasefire agreement and agreed to proceed with negotiations to end the war based on the ten-point framework proposed by Iran and accepted by the U.S. Pakistan also explicitly announced that the U.S. had accepted this framework. However, in the following days, the U.S. began to violate its commitments. Furthermore, during the first round of negotiations in Islamabad, the U.S. made many excessive demands that actually contradicted the original framework, leading to a deadlock in the talks. Sources also said that in the exchanges over the past few days, the U.S. has insisted on its excessive demands, infringing on the absolute rights of the Iranian people, and the dialogue between the two sides has not made any substantive progress. Therefore, Iran has finally announced today that participating in negotiations would be a waste of time under these circumstances, as the U.S. is obstructing any substantial agreement. Powell: The Fed should gradually reduce forward guidance. Fed Chair nominee Powell believes that the Fed should reduce its reliance on forward guidance and warns that excessive transparency may hinder policy flexibility when situations change. He stated, "The Fed broadcasts...how it expects its forecasts to turn out," but "the Fed sticks to predictions for too long," a phenomenon related to the Fed's delayed response to inflation spikes during the pandemic in 2021-2022. In his view, reducing commitments will help achieve more flexible decision-making, as "if the Fed waits until the meeting to make a decision, then this gradual evaluation process can prevent the central bank from making mistakes continuously." He sees this as part of a broader reform agenda and added, "I believe these reforms are very necessary, and if confirmed, I look forward to implementing them." SEC Chairman: Actively building a regulatory framework for digital assets and proposing an "A-C-T" strategy. SEC Chairman Paul Atkins released the contents of his keynote speech at the Washington Economic Club, stating that in his first year in office, he has been pushing the SEC to return to its core mission of "protecting investors, maintaining market order, and promoting capital formation," and criticizing past regulatory rules for excessive expansion, increases market friction, and uncertainty. Paul Atkins added that the SEC is accelerating the establishment of a clear regulatory foundation for digital assets and is collaborating with other regulators and Congress to advance this effort. He also proposed an "A-C-T" strategy, including advancing regulatory modernization (Advance), clarifying regulatory boundaries (Clarify), and reshaping the rule system based on fundamental principles (Transform) to enhance the competitiveness of the U.S. market and consolidate its position as a global investment and business environment. Stock News United Airlines (UAL.US) lowers profit expectations due to surging fuel costs. United Airlines released its second-quarter and full-year profit forecasts, as rising fuel prices squeeze profit margins, casting a shadow over its short-term outlook even as demand for premium travel remains strong. The Chicago-based airline expects adjusted earnings per share of $1-2 for the second quarter. The company expects full-year earnings per share of $7-11. United Airlines expects fuel costs for this quarter to be around $4.30 per gallon as of April 17, highlighting the pressure from rising energy costs. The airline stated that it only expects to recoup 40% to 50% of the fuel cost increase this quarter through ticket prices and other revenue measures, increasing this ratio to 70% to 80% in the third quarter, and up to 85% to 100% in the fourth quarter. Adobe (ADBE.US) announces $250 billion stock buyback due to stock price decline. Amid anxiety sparked by disruptive effects of artificial intelligence, Adobe's stock price has fallen, leading the company to announce a plan to buy back up to $250 billion of its own stock over the next four years. Chief Financial Officer Dan Durn stated in a statement on Tuesday that this new buyback authorization "directly demonstrates our confidence in the company's strong cash flow and our commitment to creating long-term value for investors." The stock has fallen 29% so far this year. This buyback program comes as the completion of another $250 billion buyback plan announced in March 2024 nears its end.