Trade Data Summary - In the first two months of the year, China's total goods trade value reached 6.54 trillion yuan, a year-on-year decrease of 1.2%. Exports amounted to 3.88 trillion yuan, marking a historical high for the same period, with a year-on-year increase of 3.4%. Imports were 2.66 trillion yuan, down 7.3% year-on-year [2][3] - The overall foreign trade operation in China remained stable, with a 1.7% increase in imports and exports after adjusting for fewer working days compared to last year [3] - Exports of mechanical and electrical products reached 2.33 trillion yuan, growing by 5.4% year-on-year, accounting for 60% of total exports, an increase of 1.1 percentage points from the previous year [3] - Private enterprises showed continued innovation strength, with a total import and export value of 3.69 trillion yuan, a year-on-year increase of 2%, representing 56.4% of China's total foreign trade [3] - ASEAN maintained its position as China's largest trading partner, with trade value of 1.03 trillion yuan, a year-on-year increase of 4%, accounting for 15.8% of total trade [3] Consumer Price Index (CPI) Summary - In February 2025, the national consumer price index (CPI) decreased by 0.7% year-on-year, with urban and rural areas both experiencing a decline of 0.7%. Food prices fell by 3.3%, while non-food prices decreased by 0.1% [4][5] - The average CPI for January and February was down 0.1% compared to the same period last year [5] - Month-on-month, the CPI fell by 0.2% in February, with urban areas down 0.2% and rural areas down 0.1% [5] - The price of food and tobacco decreased by 1.9% year-on-year, contributing approximately 0.54 percentage points to the CPI decline [6] - Among food items, fresh vegetable prices dropped by 12.6%, impacting the CPI by about 0.31 percentage points [6]

JB Hunt宣布史上最严重的货运衰退期即将结束。我们的StarMine模型对此有何见解？我们进一步利用 Datastream、Lipper以及Yield Book对该行业进行了全面分析。 Tajinder Dhillon LSEG 基本面研究负责人 Dewi John 欧洲Lipper研究主管 Luke Lu LSEG信贷研究 与量化建模负责人 在经历了近两年的营收和利润下滑后，JB Hunt运输服务公司（JBHT.O）对未来仍持乐观态度，并期待迎来 更美好的未来。 JB Hunt公布了其最新的季度财报，并参考LSEG StreetEvents文字记录数据，我们注意到 管理层宣称，我们正处于或已接近史上最严重货运衰退期的尾声。 我们的方法是利用结构化流程来分析财 报电话会议，从中提炼关键信息，并发现该公司强调了货运量和客户数量的双重增长态势，以及连续两个季 度创纪录的联运货运量。同时，包括CSX与联合太平洋铁路公司（UNP）在内的铁路业同行也在其最新财 报电话会议中分享了联运需求数据的好转趋势。 在本报告中，我们使用LSEG Workspace对JB Hunt的最新业绩结果进行了深入分析。我们综合了Star ...

国内市场综述 弱势整理 震荡走低 周五（2 月 28 日）大盘弱势整理，震荡走低。截至收 盘，上证综指收于 3320.9 点，下跌 1.98%；深成指收 于 10611.24 点，下跌 2.89%；科创 50 下跌 4.22%；创 业板指下跌 3.82%，万得全 A 成交额共 19055 亿元，较 前一日有所下降。 行业方面，30 个中信一级行业有 29 个收跌，其中计算 机、电子及通信跌幅居前，仅有食品饮料小幅收涨。概 念方面，近端次新股、磷化工及油气开采指数表现活跃。 海外市场综述 美国三大股指全线收涨，英伟达涨超 3% 周五（2 月 28 日），美国三大股指全线收涨，道指涨 1.39%，标普 500 指数涨 1.59%，纳指涨 1.63%。英伟达 涨超 3%，3M 公司涨逾 3%，领涨道指。万得美国科技七 巨头指数涨 2.03%，特斯拉涨近 4%，苹果涨超 1%。中 概股普遍下跌，阿特斯太阳能跌超 10%，陆控跌逾 7%。 新闻精要 | 1. 中共中央政治局召开会议讨论政府工作报告 中共 | | | --- | --- | | 中央总书记习近平主持会议 | | | 2. 五部门联合召开金融支持民营企业高 ...