农银国际证券：每天导读-20250117

Core Insights - The report highlights a mixed performance in global stock markets, with U.S. indices showing significant gains, particularly the Nasdaq, which rose over 2% due to easing inflation expectations that may allow the Federal Reserve to consider rate cuts [7][10] - In the Chinese market, the Hang Seng Index and the National Index both experienced gains, while the Shanghai Composite Index and Shenzhen Component Index saw declines, indicating sector-specific performance variations [7][10] - Economic indicators from the U.S. showed a stable CPI at 2.9% year-on-year for December, with core CPI slightly lower at 3.2%, reinforcing expectations for the Fed to maintain interest rates [8][10] Market Performance Summary - The Hang Seng Index closed at 19,286.07, up 0.34% for the day and 0.03% over the past five days [2] - The H-share index ended at 7,011.60, reflecting a daily increase of 0.35% and a 0.30% rise over five days [2] - The Shanghai Composite Index recorded a decline, closing lower, while the Shenzhen Component Index saw a more significant drop [7] Economic Data Overview - U.S. weekly mortgage applications increased by 33.3% as of January 10, while the CPI remained stable at 2.9% for December [8] - The Eurozone's industrial output fell by 1.9% year-on-year in November, indicating ongoing economic challenges [8] - China's central bank conducted a reverse repurchase operation of 9,595 billion yuan, maintaining liquidity in the banking system [9][10] Corporate News Highlights - China’s major provinces are targeting economic growth rates of around 5% for the year, despite increasing trade tensions [10] - The asset management firm BlackRock reported record inflows of $641 billion in client funds for the previous year, indicating strong market confidence [10] - The Chinese property developer Oceanwide Holdings is seeking court approval for a restructuring plan involving approximately $5.6 billion in debt [10]