Economic Overview - Jiangsu Province's economy has shown overall stability and progress from January to October, with steady growth in industrial and consumption sectors [1] - The province has focused on maintaining employment, supporting enterprises, stabilizing markets, and managing expectations, leading to effective implementation of macroeconomic policies [1] Industrial Performance - From January to October, the industrial added value of enterprises above designated size increased by 6.8% year-on-year, with a 5.8% increase in October alone [1] - Key sectors such as equipment manufacturing, high-tech manufacturing, and digital core product manufacturing grew by 8.0%, 11.7%, and 9.4% respectively [1] - The computer, communication, and other electronic equipment manufacturing sectors saw a significant growth of 12.3%, while the railway, shipbuilding, aerospace, and other transportation equipment manufacturing sectors grew by 18.1% [1] Consumer Market - The total retail sales of consumer goods reached 38,816.8 billion yuan from January to October, marking a 4.0% year-on-year increase [1] - In October, retail sales of household appliances and audio-visual equipment, as well as computers and related products, surged by 7.4% and 48% respectively [1] - The wholesale and retail sales of enterprises above designated size increased by 5.1% and 7.6% year-on-year, while the accommodation and catering industry saw increases of 2.7% and 5.1% respectively [1] Investment Trends - Fixed asset investment in the province decreased by 8.7% year-on-year from January to October, with infrastructure investment down by 2.2% [2] - Notably, investment in the electricity and heat production and supply industry, as well as in loading, unloading, and warehousing, grew by 22.9% and 27.2% respectively [2] - Manufacturing investment declined by 4.1%, but the rate of decline narrowed by 0.4 percentage points compared to the previous nine months, while real estate development investment fell by 19.8% [2] Financial Sector - As of the end of October, the balance of RMB deposits in financial institutions reached 26.9 trillion yuan, reflecting a year-on-year growth of 7.4% [2] - The balance of RMB loans stood at 28.1 trillion yuan, with a year-on-year increase of 9.5% [2]

首先，贸易谈判进程和宏观政策的落实是市场关注的焦点。近日，国际贸易冲突没有继续升级，各 国与美国的谈判陆续开始，国内投资者正在密切关注其发展动向。毕竟目前的关税税率对全球经济增长 的影响仍是不可忽视的因素。在此背景下，国内政策正在做出充分的准备，以应对未来的不确定性。当 然，投资者更加关心的是具体落实的节奏。此外，年报和季报进入到最后阶段，部分业绩不达预期的公 司出现了一些调整，投资者仍应聚焦在投资标的的业绩稳定性和估值的安全边际。 其次，沪指小幅下跌，成交萎缩。周一，两市低开后震荡盘跌，收盘双双跌破五天均线。两市量能 在 1 万亿元左右，近期成交量仍处于较为低迷的状态。微观结构上，全天个股跌多涨少，涨停股票数量 不及跌停股票。当天市场热点主要集中在银行和公用事业等防御类行业。投资风格方面，中小盘和科技 风格跌幅居前，大盘蓝筹相对抗跌。 从市场运行节奏看，沪指正在上下两个缺口之间波动，关注五天均线得失。沪指 4 月 7 日留下了一 个向下跳空缺口，之后开始超跌反弹，并在 4 月 10 日留下了一个向上的跳空缺口。目前指数就在这两 个缺口之间进行波动。上周沪指临近上方那个缺口时遇到阻力，逐渐开始调整，周一收盘已 ...