受国际金价影响，国内多家品牌金店足金饰品金价再度突破千元。其中，周大福足金饰品价格上调至每克1026元。而在深圳水贝市场，金饰金价也再次回 到每克800元之上。 "五一"假期期间，品牌金店足金饰品金价普遍跌破每克1000元的关口，在促销优惠之下，部分品牌报价甚至重回"8字头"，而深圳水贝市场金价则普遍调 至每克780元左右。"价格回调到800元以下，生意还是好了许多。"五一假期期间，在深圳水贝黄金珠宝市场经营的商家告诉记者，假期的销量与此前金价 处在历史最高水平时相比增加近20%。 在经历短暂回调后，国际金价再次大涨。 5月6日，COMEX黄金期货价格一度突破3390美元/盎司，盘中涨幅接近2%；现货黄金在昨日涨近3%的基础上，今日早盘一度涨超1.6%，逼近3390美元/盎 司。A股早盘黄金表现活跃，A股黄金股ETF上涨超过3%。 | W | COMEX黄金 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | | GC.CMX | | | | | | | 3368.9 | 3322.3 | 昨结 | | 总手 | | 6.04万 | | +46. ...

新华财经北京5月6日电上周（4月28日至5月2日当周）国际现货黄金冲高回落，当周累计下跌78.12美元 或2.35%，周K线连续第二周收阴。 避险情绪缓和、强劲的美国就业数据提振美元反弹，以及市场对美联储6月降息预期降温等多重因素导 致金价自4月22日历史高点连续两周下跌近300美元、跌幅约7%。但4月份整体，金价仍以上涨164.57美 元或5.27%，实现连续第四个月收阳。 展望新的一周，贸易谈判进展仍是关键变量，若谈判陷入僵局，避险需求可能推升金价。另外，5月美 联储货币政策会议是周内的焦点事件，尤其是鲍威尔的讲话可能提供美联储未来政策走向的线索。 避险情绪缓和上周金价震荡回落 上周，美国关税政策的最新变动，是市场避险情绪回落、金价高位回调的主要因素。 美国总统特朗普29日签署公告，允许对进口汽车零部件、在美国组装汽车的汽车生产商进行一定程度的 补偿。同日，美国财政部长贝森特表示，特朗普政府在关税谈判方面正在取得实质性进展。此外，美国 商务部长霍华德·卢特尼克（Howard Lutnick）当日也表示，特朗普政府已经达成首个贸易协议，但该协 议尚未完全就绪。卢特尼克也没有披露该协议涉及的国家名称。 另外， ...

【导读】国际金价再度飙升，突破3300美元/盎司关口 中国基金报记者 忆山 在经历短暂回调后，国际金价再次大涨！ 5月5日，黄金期货和现货价格均再次突破3300美元/盎司关口。截至发稿，COMEX黄金报3302.3美元/盎司，上涨1.82%；伦敦金现 报3301.054美元/盎司，上涨1.87%。 | | 864 | | | | --- | --- | --- | --- | | | 15:27 | 3302.1 | 2 | | | 43 | 3302.2 | | | Manager of the Research of the | 15:21 | 3302.6 | 25 | 此前，国际金价曾连续下跌，4月30日至5月2日期间，COMEX黄金、伦敦金现跌幅分别为3%、2.29%。受此影响，"五一"期间国内 首饰金价也普遍跌破1000元/克关口，部分品牌报价甚至重回"8字头"。 当前，特朗普关税政策、美联储降息预期、地缘风险等因素的变化，仍然是影响金价的主要原因。 福能期货分析，由于全球市场经济数据显示欧元区通胀超预期，美国降息预期有所回落，节假日期间外盘贵金属价格出现回落。 不过，5月5日，美国总统特朗普最新 ...

5月5日，离岸人民币兑美元汇率持续走强，盘中一度升破7.19关口，为2024年11月以来首次。 时隔半年，离岸人民币兑美元汇率终于站上7.20的关键心理关口，反映出市场对人民币汇率的乐观预 期。市场人士指出，对于"五一"假日期间人民币汇率的大幅升值，可以看作是一次市场预期调整带来的 补涨。 人民币强势回归，美方多次表态愿与中方就关税问题进行谈判 "五一"假日期间，人民币汇率持续走高是多因素综合作用的结果。5月2日，中国商务部新闻发言人表 示，中方注意到美方高层多次表态，表示愿与中方就关税问题进行谈判。同时，美方近期通过相关方面 多次主动向中方传递信息，希望与中方谈起来。对此，中方正在进行评估。 内部方面，一季度中国经济和外贸在压力下展现出较强的韧性。数据显示，初步核算，一季度中国国内 生产总值（GDP）同比增长5.4%，比上年四季度环比增长1.2%。一季度，我国货物贸易进出口10.3万亿 元人民币，同比增长1.3%。其中，出口6.13万亿元，增长6.9%。一季度中国经济的亮眼表现，对人民币 汇率估值形成支撑。 在政策层面，近日央行副行长邹澜表示，下一阶段，中国人民银行将坚持以市场供求为基础、参考一篮 子货币进 ...

Economic Indicators - The US GDP for Q1 2025 recorded a seasonally adjusted annual rate of -0.3%, compared to an expected -0.2% and a previous value of +2.4%[1] - The core PCE price index for Q1 2025 increased by 3.5%, exceeding the expected 3.1% and the previous 2.6%[1] - The core GDP, reflecting internal economic momentum, grew by 3% in Q1 2025, indicating resilience despite the negative headline GDP[1] Employment Data - The US added 177,000 non-farm jobs in April 2025, surpassing the expected 138,000 and a revised previous value of 185,000[2] - The unemployment rate remained stable at 4.2%, matching both expectations and the previous rate[2] - The labor participation rate increased to 62.6%, slightly above the expected 62.5%[2] Market Reactions - The market's risk appetite improved, with expectations for a delay in interest rate cuts by the Federal Reserve pushed to July 2025[3] - The S&P 500 and Nasdaq indices rose by 2.92% and 3.42%, respectively, recovering losses from early April 2025[3] - The 10-year US Treasury yield increased by 7.3 basis points to 4.308%, while the 2-year yield rose by 7.6 basis points to 3.824%[3] Trade and Policy Developments - Recent signals from the White House indicate a softening of tariffs, with measures to alleviate the burden on domestic auto manufacturers[3] - The US Trade Representative suggested that a preliminary trade agreement could be reached in a matter of weeks, indicating a potential easing of trade tensions[3]

Core Viewpoint - The offshore RMB exchange rate experienced a significant increase during the "May Day" holiday, with the USD/CNH rate dropping from 7.27 to around 7.21, indicating a daily increase of over 600 basis points [1][2]. Group 1: Factors Influencing RMB Appreciation - Reports of major U.S. retailers like Walmart resuming shipments from Chinese suppliers have improved expectations for China's foreign trade environment, leading to increased confidence among overseas investment funds regarding the RMB's valuation [1][3]. - The "buying on expectations" behavior in the forex market is gaining traction, as Wall Street institutions anticipate multiple interest rate cuts by the Federal Reserve this year, prompting them to hedge against USD depreciation by buying RMB and other non-USD currencies [1][7]. - The lower trading activity in the offshore RMB market during the holiday period allowed for significant short-covering by overseas institutions, which amplified the RMB's appreciation [1][4]. Group 2: Changes in Market Sentiment - Overseas hedge funds have reduced their short positions in offshore RMB, reflecting a shift in sentiment towards a more optimistic outlook on China's foreign trade environment [3][4]. - The reduction in short positions is evident as many hedge funds no longer engage in borrowing RMB for short-selling, and the number of funds willing to buy RMB derivatives at higher execution prices has decreased significantly [4]. - The overall sentiment indicates that most overseas investment institutions do not foresee the RMB falling below the 7.4 level in the short term, with many funds having cut their short positions by at least half since mid-April [4][5]. Group 3: Anticipated Market Movements - The RMB exchange rate is expected to fluctuate between 7.2 and 7.3 in the near term, influenced by the correlation with the USD index, which has been hovering between 98 and 101 [2]. - As optimism grows regarding U.S.-China trade negotiations, the trend of short-covering in offshore RMB is likely to continue, potentially allowing the RMB to recover the 7.2 level [5]. - Market participants are preparing for potential Federal Reserve rate cuts, with expectations of 3 to 4 cuts this year, leading to increased buying of non-USD currencies as a risk management strategy [7][8].

贸易缓和、经济数据强劲、科技巨头财报强劲，推升风险偏好 分析认为，近期美股的显著回暖，主要由以下三大引擎驱动： 1.贸易局势缓和预期: 白宫释放积极信号，显示特朗普政府可能降低对主要贸易伙伴的关税力度，甚至可能与中国达成协议，这大大缓解了市场的焦虑情绪。 2.经济数据强劲： 美国就业市场保持稳健，周五数据显示失业率稳定在4.2%的低位，为经济承受外部冲击提供了信心基础。 3.科技巨头业绩与AI热潮: Meta、微软等科技龙头交出亮眼财报，并重申对人工智能（AI）的巨额投入承诺，不仅自身股价大涨（微软周四涨7.6%，Meta涨 4.2%），更引爆了AI基础设施相关股票（如电力供应商Vistra、Constellation Energy）的行情。 反弹之下的三大质疑 尽管市场高歌猛进，但市场分析认为，支撑此轮反弹的基础却显得并不牢固，质疑之声主要来自以下三个层面： 1.质疑一：对美联储的降息预期是否"一厢情愿"？ 近期，美股上演了一场惊人的"V型反转"，在短短两周内强势收复4月初因特朗普政府"对等关税"言论造成的所有跌幅，标普500指数更是创下20年来罕见的九连 涨。 然而，这场短期内迅猛的反弹并未彻底消除市场内 ...

Group 1: Amazon and Jeff Bezos - Jeff Bezos plans to sell up to 25 million shares of Amazon stock, valued at approximately $4.8 billion, as part of a long-term financial strategy [1][3] - The share sale will be executed under a 10b5-1 plan, which allows executives to set up a trading plan to avoid insider trading allegations [2] - Amazon's recent quarterly earnings exceeded expectations, but the company's guidance for the next quarter's operating profit is below market expectations, influenced by trade policies and tariffs [3][4] Group 2: Hong Kong Market Dynamics - The Hong Kong Monetary Authority (HKMA) intervened in the market by absorbing $6 billion in sell orders, marking the first such action since April 2020 [6][7] - The HKMA's actions reflect a shift in market conditions from capital outflow to inflow, with the banking system's liquidity expected to double following the intervention [9][10] - Factors contributing to the strong demand for the Hong Kong dollar include global capital flow changes and increased demand for Hong Kong stocks due to the upcoming dividend season and IPO activities [11][13][15] Group 3: Credit Bond ETF Market - The total market size of credit bond ETFs has surpassed 100 billion yuan, with a net inflow of 29.655 billion yuan in 2025 [19][20] - The rise of credit bond ETFs indicates a shift in the capital market towards "certainty" rather than "high yield," appealing to investors seeking stable returns [24] - Recent regulatory changes allow credit bond ETFs to participate in general repo transactions, further accelerating their growth [25][26]

近期，美股上演了一场惊人的"V型反转"，在短短两周内强势收复4月初因特朗普政府"对等关税"言论造成的所有跌幅，标普500指数更是创下20年 来罕见的九连涨。 然而，这场短期内迅猛的反弹并未彻底消除市场内部的深层忧虑和质疑情绪，华尔街的乐观情绪正与一系列警示信号和广泛质疑激烈碰撞。 贸易缓和、经济数据强劲、科技巨头财报强劲，推升风险偏好 分析认为，近期美股的显著回暖，主要由以下三大引擎驱动： 1.贸易局势缓和预期: 白宫释放积极信号，显示特朗普政府可能降低对主要贸易伙伴的关税力度，甚至可能与中国达成协议，这大大缓解了市场的 焦虑情绪。 2.经济数据强劲：美国就业市场保持稳健，上周五数据显示失业率稳定在4.2%的低位，为经济承受外部冲击提供了信心基础。 反弹之下的三大质疑 尽管市场高歌猛进，但市场分析认为，支撑此轮反弹的基础却显得并不牢固，质疑之声主要来自以下三个层面： 1.质疑一：对美联储的降息预期是否"一厢情愿"？ 尽管市场普遍押注美联储年内降息，但美联储的鹰派基调并未转变，市场的乐观情绪可能存在误判。 最新就业数据发布后，交易员虽然小幅下调了降息预期，但衍生品市场仍预期美联储2025年将降息三次，而今年2月 ...

| 序号 | 代码 | 名称 | | 现价 | | 涨跌 | 涨跌幅 | 年初至今 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | DJI | 道琼斯工业指数 | | 41317.43 | | 564.47 | 1.39% | -2.88% | | 2 | IXIC | 纳斯达克指数 | | 17977.73 | | 266.99 | 1.51% | -6.90% | | 3 | SPX | 标普500 | | 5686.67 | | 82.53 | 1.47% | -3.31% | | 名称 | | | 现价 | | 涨跌 | | 涨跌幅 | 年初至今 | | 英国富时100 | | | 8596.35 | | ‍රිමි 25 | | 1.17% | 5.18% | | 法国CAC40 | | | 7770.48 | | 176.61 | | 2.33% | 5.28% | | 德国DAX | | | 23086.65 | | 589.67 | | 2.62% | 15.96% | 本周以来，道琼斯工业指数涨3%，标普500指 ...