Group 1 - Morgan Stanley analyst Michael Wilson believes that a weak dollar will support U.S. corporate earnings, helping U.S. stocks outperform other global markets, with the S&P 500 index expected to remain in the range of 5000-5500 points [1] - Deutsche Bank reports that foreign investors are still reluctant to buy U.S. assets, with data showing a "sudden stop" in overseas purchases of U.S. stocks and bonds over the past two months [1] - Bank of America highlights that market focus is on potential hints from the Bank of Japan regarding interest rate hikes in June or July, with current market expectations for the Bank of Japan's final rate slightly above 0.75% [1] Group 2 - Barclays recommends investors to re-establish long positions in five-year U.S. Treasury bonds in preparation for potential interest rate cuts by the Federal Reserve, citing increased uncertainty following tariff announcements [2] - Societe Generale's energy strategist indicates that uncertainty surrounding OPEC+ production plans is creating significant downside risks for oil prices, with Brent crude oil prices expected to reach $60 per barrel in Q2 and $70 in Q3 [3] - ING's report states that President Trump's recent criticisms of the Federal Reserve's policies have not been beneficial for long-term U.S. Treasury bonds, with 10-year Treasury yields recently stabilizing around 4.256% [4] Group 3 - Mitsubishi UFJ suggests that even if the Bank of Japan takes a cautious stance on interest rate hikes, the yen may still appreciate due to expected downward revisions in economic growth and core inflation forecasts [5] - CITIC Securities anticipates that 2025 will be a turning point for China's steel industry, with ongoing capacity reductions and industry reforms expected to benefit profit distribution within the sector [6] - Huatai Securities sees investment opportunities in the commercial real estate sector in 2025, driven by policy catalysts and the performance of leading companies [7] Group 4 - Zhongtai Securities emphasizes the dividend attributes of bank stocks under the "equal tariffs" backdrop, recommending a focus on large banks and quality city commercial banks [8] - Guotai Junan suggests prioritizing brokerage firms with significant comprehensive advantages and stronger cross-border asset allocation capabilities, as the fixed income self-operation business undergoes transformation [9]

每经记者 蔡鼎 每经编辑 高涵 ④【AMD8亿美元减值损失拖累业绩预期，汇丰下调目标价至70美元】尽管AMD有望达成一季度财务 目标，但美国人工智能芯片出口管制引发的8亿美元减值损失，正持续冲击其未来业绩展望。汇丰银行 最新研报将AMD目标价从90美元大幅下调至70美元，并重申"减持"评级。 ⑤【大摩：美元疲软将支撑美股跑赢全球其他市场】摩根士丹利分析师Michael Wilson表示，美元走软 将支撑美国企业盈利，有助于美国股市跑赢全球其他市场。他指出，企业盈利成长波动性较小以及美国 企业被认为质量更高是支持这一观点的其他理由。 ⑥【特斯拉据称调整Semi量产计划，预计年底开始生产】据外媒，特斯拉Semi电动半挂卡车量产计划 有所调整，预计今年底开始生产，明年提速。报道称，其位于内华达州的新工厂已建成，正在部署生产 线。 ⑦【汇丰一季度税前利润下降25%，宣布30亿美元股票回购】汇丰控股周二公布，今年第一季度税前利 润下降25%至95亿美元，原因是计入了与加拿大和阿根廷的业务处置相关的一次性费用。该行还宣布了 一项30亿美元的股票回购计划。 ⑨【巴克莱下调2025年布油预测，因贸易紧张局势和OPEC+调整生 ...

摩根士丹利策略师Wilson：美元疲软将支撑美股跑赢全球其他市场。 ...