市场由此对世界两大经济体达成协议充满乐观预期。不过，中方明确表示，不会为达成协议而牺牲原则 立场和国际公平。受此影响，美元对多数主要货币汇率上涨。 在南亚地区，巴基斯坦称击落五架印度战机，并俘虏多名印度士兵，以此回应印度周三早些时候发动的 军事打击。通常情况下，两个拥核邻国之间爆发战争的可能性会推动黄金价格上涨，但在当前阶段，贸 易谈判带来的乐观情绪抵消了由此产生的避险需求。 智通财经APP获悉，尽管印巴军事冲突不断升级，但中美贸易谈判传来积极信号，市场避险情绪骤减， 黄金价格随之暴跌，终结了此前连续两日的涨势。 在过去两个交易日累计飙升近6%后，现货黄金价格当日跌幅一度高达1.6%。自唐纳德·特朗普总统对中 国加征大规模关税以来，中美两国将首次展开谈判。5月7日早，中国外交部发布消息，何立峰副总理将 于5月9日—12日访问瑞士，期间将与美方牵头人美国财长贝森特举行会谈。 今年以来，受特朗普激进的贸易政策和地缘政治举措冲击，市场陷入剧烈动荡，投资者纷纷涌入黄金市 场避险，推动金价累计飙升近30%。4月，黄金价格更是触及每盎司3500美元以上的历史高位，不过在 最近几周有所回落。此外，中国市场的投机性需求以及各 ...

智通财经5月7日电，橡树资本联席首席执行官Armen Panossian表示，由于担心特朗普政府的贸易政策 会损害经济和投资环境，客户们正在讨论将其对美国的敞口削减最高达10%。Panossian在米尔肯研究院 全球会议间隙表示，美国投资者更倾向于相信关税协商会在造成太大损害之前完成，而非美国投资者则 对美国声誉受损感到不安。 橡树资本联席CEO：公司投资人正在讨论削减对美国的敞口 ...

Gulf Island Fabrication (GIFI) Q1 2025 Earnings Call May 06, 2025 05:00 PM ET Company Participants Cindi Cook - Executive Assistant to CEORichard Heo - President, CEO & ChairmanWestley Stockton - Executive VP, CFO, Treasurer, Secretary & Principal Accounting OfficerMarty W. Malloy - Director of Research Operator Good afternoon, ladies and gentlemen, and welcome to Gulf Island's Conference Call to discuss First Quarter twenty twenty five Results. All participants will be in a listen only mode for the duratio ...

近期受美国关税政策的影响，越来越多的欧洲零售商和消费品牌正将重心从美国转向欧洲和其他市场，因为他们预计美国关税政策将引发价格上涨，从而压 低美国消费者的需求。美国关税政策的不确定性，也将使得他们在美国市场上的经营面临更多的压力。 总部位于德国的欧洲线上时尚产品零售商扎兰多公司6日表示，该公司目前正在大力拓展欧洲市场并且与潜在的新客户进行洽谈。 该公司首席执行官丹尼尔·格里德6日表示，该公司目前对美国消费者行为采取了相当谨慎的态度。该公司的一份报告称，公司的营收较去年同期有所下降。 △扎兰多公司联席首席执行官 大卫·施罗德 德国高端服装品牌雨果·博思目前也已将中国制造的产品转移到美国以外的其他市场，并表示由于经济不确定性加剧，第一季度美国消费者支出"明显恶 化"。 △德国雨果·博思公司 △扎兰多公司 扎兰多公司联席首席执行官大卫·施罗德当天表示，他看到该公司网站上的品牌和零售商确实更加关注欧洲市场，因为如果在美国市场拓展变得更加困难， 他们也可以通过这种方式创造额外的需求。 这一反应凸显了美国关税政策对全球消费品流通的影响，迫使企业改变长期以来形成的生产和销售模式，既增加了企业在美国市场经营的难度，也使得企业 ...

Core Viewpoint - The price of spot gold has surged significantly, reaching a high of $3387.05 per ounce, driven by bearish sentiment towards the US dollar and escalating geopolitical tensions in the Middle East [1][2]. Market Analysis - Gold prices have shown a strong upward trend, with a cumulative increase of approximately $150, indicating a robust bullish momentum after a period of consolidation [2]. - The key resistance level is identified at $3386 per ounce, which aligns with the Fibonacci 61.8% retracement level, suggesting that this point will be crucial for future price movements [4]. - The market is advised to monitor the support level at $3350 per ounce; a breach below this could lead to further declines, while maintaining above it may allow for continued upward movement [4][5]. Technical Indicators - The current trading strategy suggests a focus on buying on dips within the $3368-$3373 range, with a stop loss set at $3362 and a target of $3390-$3400 [6]. - The short-term support levels are identified at $3370-$3364, with stronger support at $3360, while resistance levels are noted at $3386 and $3400 [5][6].

早盘速递 2025/5/6 2、国家统计局数据显示，4月份，制造业PMI为49.0%，比上月下降1.5个百分点；非制造业PMI和综合PMI分别为50.4%和50.2%， 继续保持在扩张区间。4月份制造业PMI有所回落，但高技术制造业等相关行业继续保持扩张，以内销为主的制造业企业生产经营 稳定。 3、美乌共同创建乌克兰重建投资基金。乌方公布美乌矿产协议的主要条款：全部所有权和控制权依旧归属于乌克兰，乌克兰领 土和领海内的所有资源均为乌克兰所有；基金设立比例为50:50，乌克兰与美国将共同管理该基金，双方均无主导投票权；协议 未提及乌克兰对美国的债务义务；基金将完全由新许可证收入填充，涵盖关键材料以及石油天然气领域项目新许可证资金的50% 。 5、美国4月份就业增长强劲，失业率保持稳定，这表明特朗普贸易政策的不确定性尚未对招聘计划产生重大影响。美国劳工统计 局数据显示，在前两个月的数据被下修后，4月非农就业人数增加了17.7万人，预期增13万人；失业率保持在4.2%不变。 热点资讯 1、美国经济在年初出现自2022年以来的首次萎缩，主要原因是关税实施前进口激增以及消费者支出放缓。根据政府公布的初步 估算，第一季度 ...

期货研究报告|外汇月报 2025-05-06 预期扰动增强，美元短暂偏弱 研究院 研究员 蔡劭立 FICC 组 投资咨询号：Z0014617 联系人 朱思谋 投资咨询业务资格： 证监许可【2011】1289 号 策略摘要 美元短期偏弱，建议维持区间震荡思路，关注政策扰动与外部经济预期变化。 核心观点 ■ 市场分析 美元兑人民币汇率在 4 月下旬至 5 月初整体呈现偏弱震荡走势，阶段高点出现在 7.35 附近，随后回落至 7.27 一线。离岸人民币在五一假期期间短线快速升值，受中美贸易预 期改善、美元指数回调以及市场风险偏好回暖等多因素影响。美元指数 4 月累计下跌约 4.5%，为近年来较大单月跌幅。期权隐含波动率先升后降，看涨期权隐波回落，人民币 汇率走势更趋双向波动。 4 月中国宏观数据环比走弱但整体好于预期，美国增长数据不及预期。中国制造业 PMI 回落至 49.0，显示制造业短期承压，但高技术制造业 PMI 维持在 51.5 的扩张区间，非 制造业商务活动指数为 50.4，服务业恢复动能延续。美国方面，4 月 ISM 制造业 PMI 下 滑至 48.7，一季度 GDP 录得-0.3%，带动花旗经济意外指 ...

Group 1 - The U.S. stock indices ended a nine-day winning streak as investors reassessed former President Trump's latest tariff comments, leading to a resurgence in risk-averse sentiment with significant increases in safe-haven assets like gold [1] - Trump's proposal to impose a 100% tariff on foreign films negatively impacted market sentiment, particularly affecting entertainment stocks such as Netflix and Paramount Global, reigniting concerns over his overall trade policy stance [2] - Recent economic data showed mixed signals, with the ISM services PMI unexpectedly rising to 51.6 in April from 50.8 in March, while employment sub-indices shrank for the second consecutive month, raising doubts about the labor market fundamentals [2][4] Group 2 - The upcoming Federal Reserve policy meeting is surrounded by uncertainty, especially with no substantial progress in U.S.-China trade negotiations, despite both sides expressing willingness to continue dialogue [4] - Market expectations suggest the Federal Reserve will maintain interest rates in the May meeting, with close attention on potential rate cuts in June or July, although rising trade risks are leading to a downward adjustment in expectations for recent easing policies [4][6] - The S&P 500 index is facing key technical resistance at the 200-day moving average, which historically serves as an important market inflection point, indicating persistent bearish sentiment in the market [6]

Core Insights - The recent U.S. employment report is viewed positively, highlighting the resilience of the labor market amidst a complex economic environment [1][3] Labor Market Analysis - The employment report indicates a strong labor market characterized by resilience rather than recession, with significant non-farm job growth and a stable unemployment rate [3] - Job vacancies remain steady, and hiring has not significantly slowed despite external uncertainties, with some sectors increasing recruitment efforts [3] - The leisure and hospitality sectors continue to absorb a large workforce, supported by consumer market demand, while the tech industry is driven by innovation despite global competition [3] Economic Outlook - Despite the positive employment data, potential risks from trade policies, such as tariffs and trade negotiation uncertainties, pose challenges to the economy [4] - The manufacturing and agricultural sectors, heavily reliant on imports and exports, are particularly vulnerable to trade tensions, which could lead to profit declines and potential layoffs [4] - Overall economic indicators for early April show strong fundamentals, including stable consumer confidence and retail sales growth, but the future economic outlook remains uncertain due to global economic slowdowns and trade policy risks [4] Federal Reserve's Position - The Federal Reserve is likely to maintain a wait-and-see approach until there are clear signs of labor market weakness [5] - Current strong labor market performance reduces the urgency for the Fed to implement rate cuts or other easing measures [5] - The impact of trade policies on the economy remains unclear, and premature actions by the Fed could exacerbate market uncertainties [5]

Group 1 - The 28th ASEAN Plus Three (10+3) Finance Ministers and Central Bank Governors Meeting was held in Milan, discussing global and regional macroeconomic conditions and financial cooperation [1] - The Hong Kong Monetary Authority sold a total of HKD 116.614 billion over three days to stabilize the Hong Kong dollar exchange rate, ensuring the effectiveness of the linked exchange rate system [1] - President Trump announced a 100% tariff on all foreign-produced films entering the U.S. market as part of a broader trade strategy aimed at negotiating new trade agreements with multiple countries [1] Group 2 - California Governor Gavin Newsom stated that the Trump administration's tariff policies have significantly harmed California, but the state remains committed to maintaining long-term trade relations with China [2] - The U.S. Bureau of Labor Statistics reported an increase of 177,000 non-farm jobs in April, with the unemployment rate remaining unchanged at 4.2% [2] - Eurozone inflation levels remained stable, and the manufacturing Purchasing Managers' Index (PMI) showed improvement, indicating a gradual recovery in the European economy [2] Group 3 - Japan's official unemployment rate for March was reported at 2.5%, slightly above expectations [3] Group 4 - The Dow Jones Industrial Average fell by 0.24% to 41,218.83 points, the S&P 500 dropped by 0.64% to 5,650.38 points, and the Nasdaq Composite decreased by 0.74% to 17,844.24 points [4] Group 5 - COMEX gold futures rose by 3.09% to USD 3,343.50 per ounce, while COMEX silver futures increased by 1.29% to USD 32.68 per ounce [5] Group 6 - U.S. crude oil main contract fell by 1.82% to USD 57.23 per barrel, and Brent crude oil main contract decreased by 1.55% to USD 60.34 per barrel [6] - The 2-year U.S. Treasury yield rose by 1.86 basis points to 3.8302%, the 5-year yield increased by 2.1 basis points to 3.9376%, the 10-year yield rose by 3.5 basis points to 4.3433%, and the 30-year yield increased by 4.67 basis points to 4.8336% [6] - The U.S. dollar index fell by 0.25% to 99.79, while the euro rose by 0.14% against the dollar to 1.1316 [6]