全球股市立体投资策略周报3月第1期：英伟达财报与美伊冲突共振，韩股领涨全球-20260303

Market Performance - The South Korean stock market experienced significant gains, leading global markets with a rise of 25.1% [8][10] - The MSCI Global Index increased by 1.5%, with developed markets up by 0.9% and emerging markets up by 6.3% [8][10] - In the bond market, the yield on China's 10Y government bonds saw the largest increase, while France experienced the largest decrease [8][10] Trading Sentiment - Major indices saw increased trading volumes, with significant rises in trading activity across A-shares, Hong Kong, US, and European markets, while Japanese stocks saw a decline [21][23] - Investor sentiment in Hong Kong is at a historical low, with short-selling ratios at high levels [21][24] - The volatility in the Hong Kong market decreased, while volatility in US and European markets increased [21][26] Economic Expectations - The economic outlook for China and the US showed notable improvements, with the Citigroup Economic Surprise Index for the US rising due to better-than-expected employment data and consumer confidence [8][60] - The European Economic Surprise Index declined, influenced by concerns over energy supply due to geopolitical tensions [8][60] Earnings Expectations - The earnings forecast for US stocks was revised upward, with the S&P 500's EPS forecast for 2026 remaining at +12.8% [64] - The earnings forecast for Hong Kong stocks was downgraded, with the Hang Seng Index's EPS forecast reduced from +11.1% to +9.8% [64] - In the European market, the EPS forecast for the Eurozone STOXX50 was adjusted from -3.2% to -3.0% [64]