农银国际证券：每天导读-20250127

Core Insights - The report highlights the performance of major stock indices, with the Hang Seng Index closing at 20,066.19, reflecting a daily increase of 1.86% and a 5-day increase of 2.46% [2] - The report notes that the U.S. stock market indices experienced declines, with the Nasdaq showing the largest drop, attributed to investor concerns over President Trump's tariff policies potentially exacerbating inflation [7] - The report indicates that the Chinese manufacturing PMI for January was 50.1, slightly above market expectations of 49.8, while the services PMI was 52.8, below expectations of 56.5 [8] Economic Data Summary - The U.S. manufacturing PMI for January was reported at 50.1, compared to a previous value of 49.4, indicating slight growth [8] - The U.S. services PMI for January was reported at 52.8, down from a previous value of 56.8, suggesting a slowdown in service sector growth [8] - The Michigan Consumer Sentiment Index for January was reported at 71.1, slightly below the expected 73.2 [8] Major News Summary - President Trump is pushing for the use of stablecoins to maintain the global dominance of the U.S. dollar, while also expressing a desire to avoid imposing tariffs on China [10] - The Bank of Japan raised its key policy rate to 0.5%, the highest level in 17 years, aligning with market expectations [10] - Local governments in China have lowered their inflation targets for the year, with most provinces setting targets around 2%, indicating challenges in achieving price growth [10] - China failed to meet its fiscal spending targets last year due to a downturn in the real estate market, with total fiscal spending for 2024 projected at 38.6 trillion yuan (approximately 5.3 trillion USD), 5% lower than the previous budget [10] Company News - Longjian Infrastructure is reportedly considering the sale of its UK subsidiary Eversholt Rail, with a potential valuation of up to 4 billion GBP [10] - Texas Instruments provided a disappointing earnings outlook for Q1, forecasting earnings per share between 0.94 and 1.16 USD, below analyst expectations [10] - Electronic Arts issued a profit warning due to poor sales of two games released during the holiday season, lowering its revenue forecast for fiscal year 2025 to between 7 billion and 7.15 billion USD [10] - Meta's CEO announced plans to invest up to 65 billion USD in AI-related projects, including the establishment of new data centers [10]