郑眼看盘丨经济指标温和，A股微升

Market Overview - A-shares experienced weak fluctuations in the morning but showed slight improvement in the afternoon, closing with minor gains. The Shanghai Composite Index rose by 0.12 points to 3367.58 points, while the total trading volume in the A-share market was 1.1189 trillion yuan, slightly down from 1.1241 trillion yuan on the previous Friday [1] Sector Performance - The shipping, chemical fiber, paper, real estate, and environmental protection sectors showed relatively strong performance, while the liquor, mineral products, engineering machinery, insurance, and banking sectors performed weaker [1] Regulatory Impact - Liquor stocks opened lower following the release of revised regulations that prohibit high-end dishes, cigarettes, and alcohol at official work meals, which may impact the liquor industry negatively [1] Economic Indicators - China's industrial added value for April grew by 6.1% year-on-year, exceeding the expected growth of 5.5%. Retail sales of consumer goods increased by 5.1%, and urban fixed asset investment rose by 4.0% in the first four months of the year [2] Market Sentiment - Despite the positive economic indicators, the market sentiment remains cautious due to the ongoing U.S.-China trade tensions, which have reduced expectations for immediate stimulus policies. This has contributed to the recent weaker performance of A-shares [2] Interest Rate Outlook - The People's Bank of China is expected to maintain the Loan Prime Rate (LPR) unchanged in May, with potential adjustments anticipated in the following months as the trade tensions ease and economic data stabilizes [2] Investment Strategy - A-shares are likely to continue in a fluctuating pattern in the short term, with investors adopting a conservative and watchful approach until further clarity on U.S.-China negotiations is achieved [2]