内需板块反弹，沪指实现六连涨

Report Industry Investment Rating No relevant content provided. Core View of the Report - The progress of the EU-US tariff negotiation is blocked, and the US tariff policy on the EU is expected to remain unchanged in the short term. If the two sides fail to reach a consensus, the EU will take countermeasures, and the US stock market will still be suppressed [3]. - Recent domestic economic data shows strong resilience, which is conducive to the rebound of large-cap stock indexes. Be vigilant against the risks of small and medium-cap stock indexes [3]. Summary by Related Catalogs Macro Economy - China's exports are growing at a high rate. The General Administration of Customs held a symposium with import and export enterprises and industry associations. Enterprises and associations are determined to overcome difficulties and adjust business strategies [1]. - In the US, the import price index in March decreased by 0.1% month-on-month and increased by 0.9% year-on-year; the export price index was flat month-on-month and increased by 2.4% year-on-year. The New York Fed Manufacturing Index in April was -8.1, better than the expected -14.5 [1]. Spot Market - A-share indexes showed a differentiated trend. The Shanghai Composite Index rose 0.15% to 3267.66 points, achieving six consecutive gains, while the ChiNext Index fell 0.13% [2]. - Most sector indexes declined. Beauty care, banking, household appliances, and textile and apparel industries led the gains, while national defense and military industry, commerce and retail, and electronics industries led the losses [2]. - The trading volume in the A-share market dropped to around 1 trillion yuan, with the trading volume of the Shanghai and Shenzhen stock markets reaching 1.08 trillion yuan on the day [2]. - The EU-US tariff negotiation is at a standstill. The EU believes that most of the US tariff policies on the EU will not be adjusted in the short term. If no consensus is reached, the EU will take countermeasures. The three major US stock indexes closed slightly lower, with the Dow Jones Industrial Average falling 0.38% to 40368.96 points [2][3]. Futures Market - In terms of basis, this Friday is the delivery day of the current-month contract, and the stock index futures are generally trending towards convergence [2]. - In terms of trading volume and open interest, the trading volume and open interest of IF and IC increased simultaneously [2].