Domestic News - China's President Xi Jinping exchanged congratulatory messages with European Council President Costa and European Commission President von der Leyen on the 50th anniversary of China-EU diplomatic relations [1] - The Chinese Foreign Ministry announced the decision to fully lift restrictions on mutual exchanges with the European Parliament [1] - The State Council will hold a press conference on May 7 to introduce a "package of financial policies to support market stability and expectations" [1] - The Caixin China Services PMI fell to 50.7 in April, marking the lowest level in seven months [1] - During the "May Day" holiday, domestic travel reached 314 million trips, a year-on-year increase of 6.4% [1] - Chinese official Lan Fo'an stated at the 58th Annual Meeting of the Asian Development Bank that China will adopt more proactive macro policies, confident in achieving a growth target of around 5% by 2025 [1] - The State Council's Food Safety Office and five other departments launched a nationwide campaign to address the issue of food additive abuse [1] - The Hong Kong Monetary Authority sold HKD 12.788 billion in the market due to the Hong Kong dollar exchange rate hitting the strong side of the peg [1] International News - The EU plans to impose tariffs on USD 100 billion worth of US goods if negotiations fail [2] - The International Financial Association reported that global debt is projected to increase by approximately USD 7.5 trillion in the first quarter of 2025, surpassing USD 324 trillion, a historical high [2] - The UK and India reached a free trade agreement, with India set to reduce tariffs on 90% of UK imports, 85% of which will achieve zero tariffs within ten years [2] - The US trade deficit expanded to a record high in March as businesses increased imports ahead of tariff hikes [2] - The European Commission plans to propose a gradual cessation of all remaining imports of Russian natural gas and LNG by the end of 2027 [2]

Trade Data Summary - In March, Canada's trade deficit was 506 million CAD, a decrease from 1.4 billion CAD in February, with both imports and exports declining [1] - Total imports in March were 70.4 billion CAD, down 1.5%, while exports were 69.9 billion CAD, down 0.2% [1] - Year-over-year, March exports increased by 10.2%, with actual export volume growing by 1.8% [1] Export and Import Analysis - Exports to the U.S. fell by 6.6% due to new tariffs, but exports to other countries surged by 24.8%, partially offsetting the decline [1] - The largest decline in exports was in consumer goods, particularly meat and pharmaceuticals, while energy products also saw a decrease [1] - Notably, automotive exports grew by 7.7%, driven by increased shipments of passenger cars and light trucks [1] Economic Indicators - In the first quarter of 2025, exports reached a record high of 214 billion CAD, with imports at 212.8 billion CAD, resulting in a trade surplus of 1.2 billion CAD [1] - The Bank of Canada has implemented two interest rate cuts in early 2025, reducing the benchmark rate from 3.25% to 2.75% to stimulate economic activity [2] - The Canadian dollar showed a stable appreciation trend against the U.S. dollar in the first four months of 2025, with fluctuations between 0.64% and 0.86% [4]

周二，美股三大指数集体低开，中概股逆势普涨。 截至发稿，道指跌0.85%，纳指跌1.21%，标普500指数跌0.96%。 | 代码 | 名称 | 现价 | 涨跌幅 | | --- | --- | --- | --- | | DJI | 道琼斯工业指数 | 40870.31 | -0.85% | | IXIC | 纳斯达克指数 | 17627.95 | -1.21% | | SPX | 标普500 | 5596.28 | -0.96% | 美国科技七巨头集体下跌。特斯拉、英伟达跌超2%。 | 代码 | 名称 | 现价 | 涨跌幅 ▲ | | --- | --- | --- | --- | | TSLA | 特斯拉(TESLA) | 273.645 | -2.36% | | NVDA | 英伟达(NVIDIA) | 111.510 | -2.03% | | META | 脸书(META PLATI | 591.030 | -1.38% | | AMZN | 亚马逊(AMAZON | 185.130 | -0.65% | | MSFT | 微软(MICROSOF] | 433.520 | -0.61% | | GO ...

Core Insights - The U.S. trade deficit reached a record high of $140.5 billion in March, increasing by 14.0% from the revised $123.2 billion in February, primarily due to increased imports before tariff hikes [1] - For the first quarter, the trade deficit expanded significantly, contributing to a negative GDP growth for the first time in three years [1] Trade Deficit and Import/Export Data - In March, the trade deficit for goods and services was $140.5 billion, up $17.3 billion from February, marking a 14.0% increase [1] - Exports in March totaled $278.5 billion, a slight increase of $0.5 billion or 0.2% from February, while imports rose to $419.0 billion, an increase of $17.8 billion or 4.4% [1] - Year-to-date through March, the trade deficit increased by $1.896 billion or 92.6% compared to the same period in 2024, with exports up by $411 million (5.2%) and imports up by $2.307 billion (23.3%) [1] Average Trade Data - For the three months ending in March, the average trade deficit rose by $14.1 billion to $131.4 billion, with average exports increasing by $4.0 billion to $275.7 billion and average imports increasing by $18.1 billion to $407.1 billion [1] Detailed Breakdown of Goods and Services - In March, goods exports increased by $1.3 billion to $183.2 billion, with notable growth in industrial supplies, natural gas, non-monetary gold, and automobiles, while capital goods saw a decline [3] - Services exports decreased by $0.9 million to $95.2 billion, with a significant drop in travel services, although transportation and financial services showed mixed results [3] - Goods imports rose by $17.8 billion to $346.8 billion, driven by increases in consumer goods and capital goods, while industrial supplies and non-monetary gold saw declines [3] - Services imports decreased slightly by $0.1 million to $72.2 billion, with varying changes in travel and transportation services [4] Actual Trade Data - In March, the actual goods trade deficit increased by $14.0 billion or 10.2% to $150.9 billion, with actual goods exports rising by $2.4 billion (1.6%) to $149.7 billion and actual goods imports increasing by $16.4 billion (5.8%) to $300.6 billion [4] Trade Partner Dynamics - In March, the U.S. had trade surpluses with countries like the Netherlands and regions in South America and Central America, while experiencing trade deficits with the EU and Ireland, with increased deficits noted with Ireland and France, and a decrease with Switzerland [4]

美股低开 当地时间5月6日，美股三大指数集体低开，截至发稿，道指跌0.7%，纳指跌0.94%，标普500指数跌0.75%。 今夜，美股三大股指集体低开，中概股逆势走强；黄金、原油齐爆发，其中， NYMEX WTI原油、ICE布油均涨超3% 。 | 道琼斯指数 | 40931.40 | -0.70% | | --- | --- | --- | | .DJI | | | | 标普500指数 | 5608.04 | -0.75% | | .SPX | | | | 纳斯达克综合指数 | 17676.24 | -0.94% | | .IXIC | | | | 纳斯达克中国金龙指数 | 7219.93 | +0.70% | | .HXC | | | 大型科技股多数下跌，截至发稿，特斯拉、英伟达、谷歌A跌超1%，微软、亚马逊、苹果等小幅下跌。 热门中概股多数上涨，纳斯达克中国金龙指数上涨0.7%。个股方面，腾讯音乐、微博涨超2%，唯品会、百度、哔哩哔哩、携程、理想汽车、阿里巴巴等涨超 1%；蔚来跌超2%，贝壳、小鹏汽车、新东方跌超1%。 经济数据方面，美国3月贸易逆差1405亿美元，为纪录最大逆差，预估为逆差1372亿美元 ...

金十数据5月6日讯，凯投宏观的分析师斯蒂芬•布朗指出，尽管美国对加拿大征收进口关税，但加拿大3 月份商品贸易平衡仍意外改善，这要归功于对其他国家的出口激增。不过，这位经济学家说，最近几个 月出口订单指标大幅下降，出口激增似乎不太可能维持太久。加拿大贸易逆差从2月份的14亿加元收窄 至约5亿加元，经济学家此前预计逆差会扩大。在征收一些关税之后，加拿大对美国的出口环比下降 6.6%，1月份曾出现大幅增长，但这种下降被对其他国家出口的24.8%的增长所抵消。这意味着整体出 口仅小幅下降0.2%。 凯投宏观：加拿大对美国以外国家的出口增长不太可能持续 ...

COMEX黄金期货主力合约也明显拉升，截至发稿，已突破3400美元关口。 每经编辑 黄胜 由于在特朗普政府准备全面征收关税的情况下企业急于进口，美国贸易逆差在3月创纪录水平。 据央视新闻，当地时间5月6日，据美国经济分析局和美国人口普查局公布的数据显示，美国2025年3月国际贸易逆差为1405亿美元，高于2月份的1232亿美 元。3月份的出口额为2785亿美元，进口额为4190亿美元。 据美国消费者新闻与商业频道（CNBC）报道，由于船运商削减全球制造业合作伙伴的订单，美国进口量迅速下降，如今已蔓延至全美范围的出口下滑。其 中大豆、玉米和牛肉等农产品受到的冲击最为严重。 图片来源：视觉中国-VCG111553620515 据贸易追踪机构Vizion的最新数据，自1月份以来，美国对全球的出口下滑已蔓延至大多数美国港口。港口数据显示，美国农业部门缺乏将产品运往全球市 场的能力。俄勒冈港出口量下降51%，大型农产品出口港塔科马港出口量下降了28%。Vizion战略业务发展副总裁本·特雷西（Ben Tracy）表示，几乎所有美 国出口都受到了冲击。 另据路透社报道，由于企业在关税措施生效前增加商品进口，美国3月贸易逆 ...

美国所有进口额跃升4.4%，至4190亿美元的历史最高水平；而出口仅小幅增长0.2%，至2785亿美元， 但同样创历史新高；商品出口增长0.7%，至1832亿美元。 不过，经济学家预计，到5月份，进口大潮将会消退，随着贸易逆差收窄，这可能有助于美国第二季度 GDP反弹。美国供应管理协会（ISM）的调查数据显示，制造商和服务提供商的进口量正在下降，这也 表明在关税生效前抢购进口商品的策略即将结束。 特朗普声称其正在寻求双边贸易的公平性，旨在鼓励外国投资美国、提振国内生产和巩固国家工业安 全。他还将关税视为增加政府收入的手段。 报告还显示，经季节性调整后，美国对爱尔兰的商品贸易逆差飙升至293亿美元。根据TD Cowen的分 析，美国制药公司礼来制药和辉瑞公司等在爱尔兰运营着近二十家工厂，其产品运往美国。另外，美国 对加拿大的贸易逆差收窄，而对墨西哥逆差仍接近2月创下的纪录。 美国商务部周二公布的数据显示，美国3月贸易逆差扩大至创纪录水平，原因是企业为了应对特朗普政 府即将出台的全面关税而争相进口包括药品在内的产品。 报告显示，美国3月贸易逆差从2月份修正后的1232亿美元跃升14.0%，达到创纪录的1405亿美 ...

美国商务部周二公布数据显示，商品和服务贸易逆差环比扩大14%，达到1405亿美元，远超经济学家调 查预测的1372亿美元中值。 智通财经APP获悉，由于特朗普政府即将实施全面关税政策，企业争相提前进口商品，3月美国贸易逆 差创下历史纪录。 进口总额激增4.4%至创纪录的4190亿美元，而出口仅微增0.2%。需要注意的是，这些数据未经通胀调 整。其中消费品进口增幅创历史新高，资本设备和机动车辆进口量也显著增加。 这份报告揭示了美国企业在4月2日特朗普宣布扩大关税政策前最后的囤货潮。第一季度贸易逆差急剧扩 大，直接导致美国经济出现2022年以来首次收缩。1-3月期间国内生产总值年化下降0.3%，净出口拖累 经济增长近5个百分点，创历史最大跌幅。 经通胀调整后，3月美国商品贸易逆差总额扩大至创纪录的1509亿美元。 目前，特朗普正在推行所谓的双边贸易公平政策，旨在通过关税手段达成三重目标：吸引外资赴美投 资、提振国内制造业产能、强化国家工业安全体系。同时，关税也被视为增加政府财政收入的重要途 径。 3月的报告显示，经季节性调整后，美国对加拿大商品贸易逆差收窄，对墨西哥逆差仍维持在2月创下的 高位水平。对爱尔兰贸易逆 ...

金十数据5月6日讯，美国3月贸易逆差扩大至纪录高位，因企业在加征关税前增加商品进口，这拖累了 美国第一季GDP，导致三年来首次出现负增长。美国商务部经济分析局（BEA）周二表示，3月贸易逆 差从2月份修正后的1232亿美元跃升14.0%，达到创纪录的1405亿美元。接受路透调查的经济学家此前 预计，2月贸易逆差将从先前公布的1270亿美元升至1370亿美元。特朗普全面征收关税促使企业纷纷进 口商品以避免更高的成本。数据显示，美国3月份进口增长4.4%，至4190亿美元的历史最高水平。商品 进口飙升5.4%，达到创纪录的3468亿美元。出口增长0.2%，至2785亿美元，同样创历史新高。商品出 口增长0.7%，至1832亿美元。经济学家预计，到5月份，进口大潮将会消退，这可能有助于第二季度 GDP反弹。 美国3月份贸易逆差飙升至历史新高 ...