Unexpected rebound! The U.S. ADP increased by 155,000 in March, but wage growth slowed. On the eve of the tariff storm, Wall Street is unanimously bearish: the U.S. stock sell-off will escalate, with volatility comparable to the U.S. elections. Market risk aversion is rising, U.S. stock index futures continue to decline, and gold remains at a high level. The European Commission proposes to relax carbon emission rules for car manufacturers. Intel: The 18A process Panther Lake processor will be mass-produced in 2025, with a large number of products launched in 2026. Rivian delivered 8,640 vehicles in the first quarter, exceeding market expectations. The Nikkei 225 index closed down 0.3%; the Shanghai Composite Index closed up 0.13%; the Hang Seng Index closed down 0.02%