宏观大类日报：市场情绪仍低迷

Currency and Market Trends - The US dollar has strengthened significantly, breaking the important level of 104, influenced by the Bank of Japan's monetary policy adjustments[2][15]. - The Chinese yuan has rapidly surpassed its recent trading range, leading to adjustments in domestic assets[6]. Economic Performance - In January-February, China's industrial enterprises achieved a total profit of CNY 914.06 billion, a year-on-year increase of 10.2%, with total operating revenue reaching CNY 19.44 trillion, up 4.5%[8]. - Key sectors such as computer and electronic equipment manufacturing saw profits increase by 2.1 times, while the power and heat production sector grew by 69.4%[8]. Commodity Market Insights - The commodity market shows a divergence, with non-ferrous metals performing strongly while black metals are under pressure due to weak supply and demand dynamics[7]. - The chemical sector, particularly aromatics, is showing resilience, with opportunities in styrene, PX, and PTA[7]. Risks and Considerations - There are geopolitical risks affecting the energy sector, and potential downward pressures on risk assets due to unexpected global economic downturns[18]. - The market remains cautious about the Federal Reserve's tightening measures, which could further impact risk assets negatively[18].