郑眼看盘 | 关税预期趋好，A股5月首周收涨

Market Performance - A-shares experienced a strong start after the "May Day" holiday, with major indices mostly rising, including a 1.92% increase in the Shanghai Composite Index to 3342 points, and a 3.62% rise in the North Star 50 Index [1] - The market saw a jump at the beginning of the week due to easing news related to tariffs and a series of monetary easing policies released by the central bank [1][2] - On Friday, A-shares declined again, with trading volume shrinking, despite better-than-expected April import and export data [2] Economic Indicators - China's April export value increased by 8.1% year-on-year in USD terms, surpassing the expected 0.5% but lower than March's 12.4% [2] - April imports decreased by 0.2%, which was better than the expected decline of 6.0% and less severe than March's 4.3% drop [2] Sector Performance - Aerospace and military stocks emerged as star sectors during the week, driven by heightened geopolitical tensions in South Asia [2] - The market's reaction to the central bank's easing policies was initially positive, but investor sentiment remained cautious due to a lack of anticipated fiscal stimulus [1] Future Outlook - The upcoming discussions between Chinese and U.S. officials regarding tariffs are expected to be a key factor influencing market trends [2] - Even if the talks do not yield significant progress, there is an expectation that arrangements for future discussions will be made, which may sustain market optimism [3]