融达期货宏观日报——0306

Macroeconomic Indicators - The GDP growth target for this year is set at around 5%[1] - The urban unemployment rate is expected to be around 5.5%, with over 12 million new urban jobs created[1] - The consumer price index is projected to rise by about 2%[1] Fiscal and Monetary Policy - The fiscal deficit is planned at around 4%, with a deficit scale of 5.66 trillion yuan[1] - Special government bonds of 1.3 trillion yuan and 500 billion yuan are proposed for issuance[1] - A moderately loose monetary policy is anticipated, with potential interest rate cuts to support the real estate and stock markets[1] Commodity Market Performance - Domestic commodity futures closed generally lower, with energy and chemical products showing weakness, e.g., styrene down 2.78% and low-sulfur fuel oil down 2.2%[2] - Most agricultural products declined, with soybean meal down 1.88% and rapeseed meal down 1.79%[2] Global Asset Performance - NYMEX crude oil closed at $77.13, down 2.74% for the day and down 7.43% year-to-date[3] - LME copper rose by 2.69% to $9,594.00, with a year-to-date increase of 9.42%[3] - The S&P 500 index closed at 5,845.50, down 1.52% year-to-date[3]