冠通期货资讯早间报-20250507

Report Industry Investment Rating No relevant content provided. Core Viewpoints The report presents a comprehensive overview of the overnight market trends across various sectors, including domestic and international commodity futures, financial markets, and macro - economic news. It shows that market movements are influenced by factors such as trade policies, central bank decisions, and supply - demand dynamics. Summary by Category Overnight Market Trends - Domestic commodity futures night - session mostly rose, with energy - chemicals generally up (e.g., asphalt up 2.42%, PTA up 2.11%), black - series mixed, agricultural products mixed, base metals mixed, and precious metals up (e.g., COMEX gold up 3.60%) [2][55] - International oil prices soared, with WTI up 3.27% and Brent up 3.01%, due to digested OPEC+增产预期 and API inventory decline [3][58] - London base metals mostly rose, affected by global economic policy and supply - demand adjustments [3][58] - CBOT agricultural futures mostly rose, except for soybeans down 0.48% [6][59] Macro - economic News - April's Caixin China manufacturing PMI was 50.4, down 0.8 points from last month, and services PMI fell 1.2 points to 50.7 [8] - The global manufacturing PMI in April was 49.1%, down 0.5 points from last month, indicating increased global economic downward pressure [8] - The US trade deficit in March widened 14% to a record $1405 billion [13][42] Energy and Chemical Futures - Saudi Arabia's price - war strategy may be less effective due to global economic deterioration [15] - Chinese domestic photovoltaic glass kiln capacity increased, reaching 125650 tons per day [18] - Kazakhstan is committed to OPEC+ agreements [19] - The EU plans to stop Russian gas imports by 2027 [19] Metal Futures - SMM seven - region zinc ingot inventory increased to 8.41 tons as of May 6 [21] - Australian lithium concentrate shipments to China rose in late April, and May shipments are expected to be 32 - 38 tons [21] Black - series Futures - Australian and Brazilian major port iron ore inventories reached 1316.8 tons from April 28 - May 4, up 58 tons [23] Agricultural Futures - China's soybean imports are expected to be 1200 tons in May and 1100 tons in June, improving domestic supply [26] - US soybean crushing profit was $2.16 per bushel as of May 2, down 5.3% from a week ago [26] - Malaysian palm oil production increased in April and early May [26][27] - The global cotton market outlook is pessimistic, with production exceeding consumption [27] Financial Markets A - shares - After the May Day holiday, A - shares rose, with the Shanghai Composite Index up 1.13%, and over 4900 stocks rising [33] - Some A - share companies were put under risk warning, and some were investigated for late annual report disclosure [36] - CATL passed the HKEX hearing for a Hong Kong listing [36] Hong Kong Stocks - The Hang Seng Index rose 0.7%, and south - bound capital had a net purchase of HK$134.75 billion [33] Overseas Markets - US stocks fell, European stocks were mixed, and Asia - Pacific stocks were mostly stable [48][49] - Google may be required to sell its advertising platforms, and Tesla's European sales declined [49] - DoorDash will acquire Deliveroo for $38.5 billion [50] Commodity Markets - EU plans to end Russian energy dependence by 2027 [59] - India's central bank gold reserves reached 879.59 tons by March, with a 11.7% share in foreign exchange reserves [59] - US API crude inventory decreased by 449.4 barrels last week [60] Bond Markets - The central bank conducted 4050 billion yuan in reverse repurchases on May 6, with a net withdrawal of 6820 billion yuan [63] - Domestic bond futures mostly fell, and international bond yields showed different trends [63][64] - Global debt reached a record $324 trillion in Q1 2025 [64] - Apple issued $45 billion in bonds [64] Foreign Exchange Markets - The on - shore RMB against the US dollar rose 463 points on May 6, and the future trend depends on Sino - US talks and the dollar [67] - The Hong Kong dollar triggered the strong - side convertibility guarantee twice on May 6, and the HKMA injected HK$127.88 billion [67] - The US dollar index fell 0.53% in New York trading [68] Upcoming Events - Multiple financial and corporate events are scheduled, including central bank rate decisions (Fed, Brazil), company earnings announcements, and a national leader's visit [71]