欧佩克+声明：当前全球经济展望稳定、市场基本面健康。 ...

Group 1 - The core viewpoint of the article is that OPEC+ has declared a stable global economic outlook with healthy market fundamentals [1] - Eight member countries will increase production by 548,000 barrels per day in August [1]

Group 1 - Oil prices are attempting to rebound after experiencing a sell-off due to easing tensions in the Israel-Iran conflict [1] - The market focus has shifted back to fundamentals, with traders questioning whether oil prices can regain upward momentum from current levels [1] - Prior to the recent escalation in conflict, oil prices had already been on an upward trend since April [1]

Core Viewpoint - The rebound of U.S. soybeans and soybean meal may continue as the market returns to fundamentals, with Argentine weather being a current disruptive factor [1] Group 1: Market Dynamics - U.S. soybeans and soybean meal are showing a renewed correlation, indicating a potential for sustained rebound [1] - The market is currently awaiting clarity on production losses in Argentina, which will influence future price movements [1] Group 2: Weather Impact - The uncertainty regarding the timing of production loss assessments in Argentina could range from one week to a longer period [1] - There is a potential connection to previous weather-related themes in the U.S., as foreign climate models predict a hot summer ahead [1] Group 3: Trading Strategy - Current trading opportunities in soybean meal suggest a strategy of buying on dips, with an emphasis on timing and market rhythm [1]

英大证券研究所证券研究报告 金 点 策 略 晨 报 2025 年 4 月 11 日 后市密切关注贸易谈判情况 分析师：惠祥凤 执业证书编号：S0990513100001 电话：0755-83007028 邮箱：huixf@ydzq.sgcc.com.cn 观点： 总量视角 【A 股大势研判】 除了近期晨报中提醒的几大利好之外，周四沪深三大指数集体上涨，可能还 源于特朗普政府暂缓"对等关税"引发的全球市场情绪修复。4 月 10 日，特朗普 宣布对不采取报复行动的国家实施 90 天关税暂缓，直接推动美股大涨。亚太股 市接力上涨，A 股也集体上行。 金点策略晨报 大盘已经收复 3200 点，短期情绪恢复良好之下，此前的下跌是否结束，这 波调整又是否见底呢？我们认为，由于此轮市场的下跌，更多的还是情绪导致的 短期抛售，市场一度流动性紧张之际，随着国家队出手缓解流动性问题，并且在 多项政策的协同跟进下，指数这波抛售或告一段落。 不过，当前关税的实质性影响以及市场基本面仍有隐忧。企业盈利尚未全面 改善，担忧仍有延续。此外，外部扰动未消除。后市密切关注贸易谈判的情况， 如果关税谈判进展顺利，出口复苏预期强的行业可能迎来反弹 ...