国新证券股份：每日晨报-20250114

Domestic Market Overview - The domestic market experienced a pullback after a brief rise, with the Shanghai Composite Index closing at 3168.52 points, down 1.33% [4][8] - The Shenzhen Component Index closed at 9795.94 points, down 1.8%, while the ChiNext Index fell by 1.76% [4][8] - All 30 sectors in the CITIC index saw declines, with retail and communication sectors leading the losses [4][8] - The total trading volume of the A-shares reached 1163 billion, slightly up from the previous day [4][8] Overseas Market Overview - The three major U.S. stock indices saw significant declines, with the Dow Jones Industrial Average dropping 1.63% to 41938.45 points [2][4] - The S&P 500 Index fell 1.54% to 5827.02 points, and the Nasdaq Index also decreased by 1.63% to 19161.63 points [2][4] Key News Highlights - The National Business Work Conference emphasized eight key areas for 2025, including boosting consumption and stabilizing foreign trade [3][11] - The Ministry of Finance announced a significant increase in the fiscal deficit for 2025 [3][15] - The General Administration of Customs introduced 16 key measures to support the central region's development [3][18] - The China Securities Regulatory Commission is accelerating the reform and opening up of the capital market [3][21] Driving Factors - The National Business Work Conference highlighted the importance of expanding consumption and stabilizing foreign trade as key objectives for 2025 [9][11] - The A-share market saw 534 stocks rise while 4802 fell, indicating a broad market decline [9] - International market volatility is expected to impact short-term market sentiment, with a focus on macroeconomic data [9]