金十数据5月7日讯，凯投宏观的分析师Ankita Amajuri在给客户的一份报告中写道，由于贸易不确定性 和薪资增长放缓，欧元区消费者今年可能继续不愿打开钱包。周三公布的数据显示，欧元区3月份零售 贸易下降0.1%。与此同时，消费者信心下滑，这可能是华盛顿关税政策带来的经济不确定性蔓延的结 果。Amajuri说："展望未来，虽然较低的利率应该会提振今年的消费，但这将被实际收入增长放缓部分 抵消。" 凯投宏观：欧元区零售业将迎来低迷的一年 ...

巴基斯坦财政部：正在实施有力措施，以保障巴基斯坦的经济基础设施，并为金融市场提供明确性和信 心。 ...

Core Viewpoint - The article emphasizes the importance of optimizing the consumer environment as a key driver for economic growth, highlighting the implementation of a three-year action plan (2025-2027) to address consumer pain points and enhance consumer rights protection [1][2]. Group 1: Action Plan and Objectives - The action plan aims to improve quality standards, credit constraints, comprehensive governance, and consumer rights protection to resolve prominent consumer issues [1]. - In 2024, final consumption expenditure is projected to contribute 44.5% to economic growth, driving GDP growth by 2.2 percentage points [1]. Group 2: Challenges and Solutions - Current challenges include low quality of consumer supply, lack of market order, and insufficient protection of consumer rights, which negatively impact consumer experience and confidence [1][2]. - The action plan outlines five major initiatives: improving consumer supply quality, optimizing consumer order, enhancing consumer rights protection, promoting collaborative governance, and leading consumer environment initiatives [2]. Group 3: Collaborative Efforts - Protecting consumer rights is a collective responsibility involving government departments, judicial bodies, businesses, social organizations, media, and consumers [2]. - Effective collaboration among all stakeholders is essential for the successful implementation of consumer rights protection measures [2]. Group 4: Long-term Commitment - Optimizing the consumer environment is a long-term endeavor that requires a systematic approach, starting from local standards and gradually expanding to broader areas [3]. - Continuous improvement of the consumer environment is necessary to boost consumer confidence and stimulate economic vitality [3].

不过，并非所有汽车品牌都呈现销量下滑态势。大众汽车在英国的纯电动汽车销量在4月猛增194%，达 到2314辆；中国比亚迪汽车的销量增长311%，达到1419辆。 英国汽车制造商和贸易商协会(SMMT)6日数据显示，4月英国共销售新车120331辆，较去年同期减少 14132辆。这是英国新车销量连续第三个月出现下滑，且降幅较前两个月进一步扩大。 分析认为，消费者信心下降是导致此次销量下滑的主要原因。消费者对未来经济前景感到担忧，从而抑 制了购车需求。此外，英国政府对汽车行业的政策调整，如提高部分车型的税收，也增加了消费者的购 车成本，对销量产生了负面影响。 从具体品牌来看，特斯拉4月在英国的销量暴跌62%。数据显示，特斯拉4月在英国仅售出512辆新车， 而去年同期为1352辆。路透社分析称，特斯拉首席执行官马斯克与美国总统特朗普的亲密关系，以及他 在欧洲的相关政治立场，导致一些公众对其公司不满。 中新社伦敦5月6日电 (记者欧阳开宇)受消费者信心疲软等因素影响，英国4月新车销量同比下降超过 10%，显示该国汽车市场持续低迷。其中，特斯拉4月在英国的销量同比大幅下跌62%。 英国汽车制造商和贸易商协会首席执行官迈 ...

船一艘艘停了，码头空了大半。鹿特丹港那边传来的消息扎眼又冷静。说句实话，没人愿意承认这就是现实，但它确实发生了。作为欧洲最大港口，这里能 最早感受到国际贸易的风向。一旦中美之间的船不来了，空位子就是信号。中美航线大幅减少，有的干脆停了。不是技术问题，不是天气，是实打实的经济 摩擦造成的动荡。背后藏着的，是全球供应链紧绷的神经。 而这场"绷断"的前奏，其实早就开始了。关税战开打那一刻，就注定了这不是一场短暂的摩擦。谁也别指望打一两回就能完事。这不是一两家企业的账单问 题，是整个区域间货物流通的动脉在收紧。一刀切下去，血自然流不畅。港口发言人赫塞林克用"严峻"这个词，算是给了当前局势一个最温和的定性。真实 情况恐怕比她说的还要沉重。许多原本要进港的航次被取消，企业的出口订单开始滞后，货物转运时间一再拉长。 这种时候，谁敢装作没事？日本显然不敢了。就在这几天，加藤胜信人在意大利，态度却突然软了。之前口气还很冲，话说得直白，说要把美债当筹码，还 让中国"也该出点力"。但这次，他改口了。说日本不会考虑拿美债当谈判工具，说话明显收了火。这变脸的速度，太快了点。但背后的压力，也不容小觑。 现在的局面，其实是个大转折。有意思 ...

Core Viewpoint - The release of the "Consumption Boost Special Action Plan" marks the beginning of a significant initiative aimed at restoring consumer confidence for 1.4 billion people in China, focusing on trust rebuilding, supply upgrades, and institutional innovation [1] Group 1: Trust Breakthrough - The market share of domestic milk powder has increased from less than 30% a decade ago to over 68% today, reflecting a significant transformation in Chinese manufacturing [2] - The shift in consumer sentiment towards domestic brands is supported by quality data, with domestic milk powder's bacterial count being only 1/10 of the EU standard and protein content exceeding it by 20% [2] - Government-issued consumption vouchers are seen as a means to rebuild market trust through "government credit endorsement" [2] Group 2: Supply Breakthrough - Only 20% of Chinese consumers meet the recommended daily milk intake, indicating a significant gap in milk product consumption habits among over 1 billion people [3] - Innovations such as A2 protein milk powder and zero-sugar yogurt by Junlebao are aimed at tapping into this potential market [3] - Local initiatives like "night economy" and "concert economy" in Hunan and Jiangsu are designed to create new consumer demand [3] Group 3: Institutional Breakthrough - 62% of consumers believe that distinguishing product quality is too costly, highlighting a barrier to consumer confidence [9] - Policies aimed at increasing income and reducing burdens, such as dynamic adjustments to minimum wages and skill training subsidies, are being implemented [9] - The central bank is increasing consumer loan availability and trialing childcare subsidies to alleviate family financial burdens [11]

截至2025年4月30日当周，沪铜期货主力合约收于77220元/吨，周K线收阴，持仓量环比上周增持2621 手。 上周（4月28日-4月30日）市场上看，沪铜期货周内开盘报77510元/吨，最高触及77990元/吨，最低下探 至77010元/吨，周度下跌0.28%。 节前，铜价一度表现坚挺，小幅上行，周三晚间国内休市，海外出现大跌，LME铜大跌3.4%，之后两 交易日，LME铜有所反弹，但未能完全收复周三跌幅，至收盘报于9356美元，周度基本持平，微跌 0.04%。交易建议：短期铜价虽大概率仍能维持坚挺，甚至小幅上行，但7.8万上方风险加大，不建议继 续大幅看多铜价交易，上方风险较高，可转为博弈利空对铜价的影响，可考虑适量买入看跌期权。 国信期货：沪铜预计震荡运行 宏观方面，据消息，美国世界大型企业研究会29日发布数据显示，受预期恶化影响，美国4月消费者信 心指数连续第五个月下降，跌至新冠疫情以来的最低水平，反映出对未来的普遍悲观看法。基本面仍对 铜价有支撑，国内铜库存持续去化，且持续低于去年同期水平。另一方面，市场也存有未来5月需求转 弱的担忧。整体而言，沪铜预计震荡，持续关注国内利好政策以及宏观情绪的变化 ...

Core Insights - The real estate market in the Yangtze River Delta region experienced a surge in activity during the "May Day" holiday, with new home promotions and steady increases in second-hand home transactions [1][6][7] New Home Market - Many real estate companies actively engaged in promotions during the holiday, leading to crowded sales offices and significant buyer interest [2][4] - In Kunshan, a new project saw high foot traffic, with most units sold or under contract, indicating strong demand [2] - In Shanghai's Pudong New Area, a new project had 939 groups of clients registered for 228 units, achieving a "daylight" sale on opening day [4] - Hangzhou's market showed signs of recovery with 12 projects launching 1,233 units in a week, doubling the supply compared to the previous week [4][5] - Promotions included discounts of up to 3.5% on total prices, with some projects selling approximately 7 units daily [5] Second-Hand Home Market - The second-hand home market remained stable, with an increase in inquiries and viewings, particularly for properties in desirable school districts [6] - In Nanjing, the number of viewings increased by 20% compared to the previous year, with stable transaction volumes [6] - In Hefei, the average daily viewings rose by about 20% during the holiday, with a focus on school and metro-accessible properties [6] - Overall, there is a noticeable shift in buyer confidence, with a growing interest in both new and second-hand homes as market conditions improve [6][7]

加拿大至5月2日全国经济信心指数 46.9，前值44.8。 ...

Core Insights - The investor confidence index in the Eurozone for May shows a stronger-than-expected recovery, although it remains at a low level [1] - The Sentix index rose from -19.5 in April to -8.1 in May, surpassing market expectations of -12.5 [1] - The current situation index unexpectedly increased to -19.3, marking the highest level since August 2024, despite still being in negative territory [1] Investor Sentiment - The survey indicates that investors have largely abandoned their recession concerns expressed in the previous month [1] - The positive sentiment is attributed to the EU Commission's calm response to U.S. tariff measures, which has been appreciated by the surveyed investors [1] - A total of 1,068 investors were surveyed between May 1 and May 3 [1]