融达期货宏观日报0307

Monetary Policy and Economic Outlook - The central bank plans to lower the reserve requirement ratio and interest rates based on domestic and international economic conditions, indicating room for further reductions[1]. - The central bank will expand the re-lending scale for technological innovation from 500 billion yuan to between 800 billion and 1 trillion yuan[1]. Global Trade and Tariffs - President Trump signed an amendment to exempt products under the US-Mexico-Canada Agreement from tariffs until April 2, while steel and aluminum tariffs remain unchanged[1]. European Monetary Policy - The European Central Bank cut interest rates by 25 basis points, signaling a potential end to its easing cycle[1]. Commodity Market Performance - Domestic commodity futures closed higher, with energy and chemical products generally rising; LPG increased by 1.08% and rubber by 1.06%[1]. - Black commodities saw an overall increase, with coking coal up by 1.69% and coking coke by 1.04%[1]. - Agricultural products also rose, with palm oil increasing by 1.42%[1]. Global Asset Performance - NYMEX crude oil closed at $66.27, down 0.18% for the day and down 18.00% year-on-year[2]. - LME copper rose by 0.99% to $9,689.00, with an annual increase of 8.09%[2]. - COMEX gold decreased by 0.31% to $2,919.80, with a year-on-year increase of 33.73%[2]. - The Shanghai Composite Index rose by 1.17% to 3,381.10, with a year-on-year increase of 9.88%[2].