Group 1 - The core viewpoint is that the employment market has reached a balance, with monthly job additions estimated to be between 80,000 to 100,000 [1]

Macroeconomic Group - The Federal Open Market Committee (FOMC) decided to maintain the federal funds rate at 4.25% - 4.50%, marking a pause in the rate cut cycle that began in September of the previous year, aligning with market expectations [3] - The FOMC's statement was revised to indicate that uncertainty has diminished but remains high, and it reiterated that net export fluctuations affect data while the economy continues to expand steadily [3] - The dot plot indicates that the median FOMC members expect two rate cuts in 2025, totaling 50 basis points, with the median rate forecast for 2025 at 3.9% [4][5] Industry Comprehensive Group - The price of DDR4 memory products has surged nearly 100% since January 2025, with current prices exceeding the June 2024 peak, while DDR5 prices have also increased significantly [9] - The rapid price increase in the storage market has led to substantial growth in the performance of domestic storage module manufacturers and distributors, particularly benefiting companies with high inventory levels such as Jiangbolong and Demingli [9] Advanced Manufacturing Group - Powin, a major battery storage system integrator in the U.S., filed for Chapter 11 bankruptcy, affecting several Chinese companies, including CATL and Qingdao CIMC Puwei [11] - The bankruptcy was attributed to soaring tariff costs and a weak business model lacking vertical integration, leading to significant debt risks for Chinese firms [11] - The U.S. energy storage market is expected to experience a short-term freeze, with Fluence reducing its annual revenue guidance by 27% [11] Consumption Group - The combined GMV of beauty products on Tmall and Douyin reached 29.96 billion yuan in May 2025, showing a slight year-on-year increase of 1.3%, with a notable divergence in performance between high-end and mass-market brands [14] - High-end domestic brands like Mao Ge Ping and Ke Li Jin saw significant sales growth, while mass-market brands like Proya and Winona faced declines [15] - The beauty consumption trend is shifting towards high-end, efficacy-driven products, with Douyin emerging as a new growth engine for high-end brands [15]

劳工部报告称，美国雇主在4月新增了17.7万个工作岗位，超出预期，失业率保持在4.2%不变，这两个 数据都表明，在特朗普宣布一个世纪以来最严厉的关税后，就业市场仍处于平衡状态，这些关税曾导致 股市下跌，债券市场动荡，直到政府将许多关税暂停至7月。随着就业市场的稳定和通胀仍高于2%的目 标，预计美联储决策者将坚持维持短期借贷成本不变的计划，同时等待观察关税对价格和经济增长的影 响。高盛资产管理公司多部门固定收益投资主管LindsayRosner表示，"在当前情况下，强劲的就业市场 数据为美联储提供了保持耐心的空间，然而，随着经济前景的恶化，今天的数据显示出一定的滞后性， 经济疲软可能会促使美联储在年底前恢复宽松政策"。报告公布后，交易员预计美联储将等到7月才开始 降息，此前他们认为6月降息的可能性更大。 周三（5月7日）亚盘早盘，美元指数最新价报99.54，涨幅0.27%，开盘价为99.26。美联储决策者一直 在寻找就业市场可能出现的裂缝，因为企业正在调整以适应特朗普反复无常的贸易政策，而周五的就业 报告让他们松了一口气，至少到目前为止，就业市场几乎没有疲软迹象，也没有理由急于降息。 技术指标方面，美元指数MA ...