Summary of Key Points Core Viewpoint - Recent macroeconomic indicators show that US inflation data (CPI & PPI) fell below expectations, indicating potential shifts in monetary policy and economic conditions [1]. Weekly Review - The US April CPI year-on-year rate was 2.3%, the lowest since February 2021, with market expectations at 2.4% [1]. - The US April PPI year-on-year rate recorded 2.4%, marking a third consecutive month of decline and the lowest since September of the previous year. The month-on-month PPI for April was -0.5%, the lowest since April 2020, significantly below the market expectation of 0.2% [1]. - The Bank of Japan's April monetary policy meeting indicated a cautious stance regarding the potential impacts of US tariffs, while not ruling out further interest rate hikes [1]. - Initial jobless claims in the US for the week ending May 10 were 229,000, aligning with expectations, with the previous value revised from 228,000 to 229,000 [1]. - Federal Reserve Chairman Jerome Powell highlighted the challenges posed by more frequent and prolonged supply shocks to the economy and the central bank [1]. - The initial consumer inflation expectations for May in the US were 7.3%, compared to an expectation of 6.5% and a previous value of 6.5% [1]. - The preliminary consumer confidence index from the University of Michigan for May was 50.8, down from April's final value of 52.2, marking the fifth consecutive month of decline [1]. Upcoming Key Events & Indicators - The Reserve Bank of Australia will announce its interest rate decision on May 20 [1]. - Nvidia's CEO Jensen Huang will speak at the Taipei International Computer Show, discussing advancements in AI and accelerated computing technologies [1]. - Federal Reserve Vice Chairman Jefferson and St. Louis Fed President Bullard will address economic outlook and monetary policy on May 22 [1]. - The European Central Bank will release the minutes from its April monetary policy meeting on May 22 [1].

Group 1 - The upcoming earnings reports for Q1 will include several popular stocks such as Bilibili (BILI.O), Baidu (BIDU.O), Xpeng Motors (XPEV.N), and Lenovo Group (00992.HK) [1] - Economic data to be released next week includes China's April industrial added value year-on-year, the one-year loan market quotation rate as of May 20, and the preliminary May S&P Global Manufacturing PMI for the U.S. [1][3] - The State Council Information Office will hold a press conference next week regarding the national economic operation [1] Group 2 - The earnings calendar for individual stocks can be accessed through the Meigang News APP [1] - Key economic indicators from China include April's retail sales, fixed asset investment, and unemployment rate [3] - The U.S. will report on new home sales and the weekly initial jobless claims [3]

点击蓝字，关注我们 5月2 0日 2025.05 [宏观大事件 ] 5月1日 日本央行行长植田和男召开货币政策新闻发布会 劳动节：A股、港股、港股通、沪股通/深股通、新加坡股、马来西亚股全天休市 5月2日 劳动节：A 股、港股通、沪股通/深股通全天休市 美国4月失业率 美国4月季调后非农就业人口(万人) 5月5日 儿童节：日股全天休市；佛诞：港股、港股通、沪股通/深股通全天休市；劳动节：A 股 全天休市 5月6日 绿之日（补假）：日股全天休市 5月7日 —— BETA 投资月历 —— 美国EIA公布月度短期能源展望报告 中国4月外汇储备 中国4月黄金储备(待定) 5月8日 美联储FOMC公布利率决议 美联储主席鲍威尔召开货币政策新闻发布会 英国央行公布利率决议 5月1 0日 中国4月CPI 中国4月PPI 5月1 2日 卫塞节：新加坡股、马来西亚股全天休市 中国4月社融 中国新增人民币贷款 (待定) 5月1 3日 日本央行公布4月货币政策会议审议委员意见摘要 美国4月未季调CPI年 美国4月季调后CPI月率 5月1 5日 中国今日有1250亿元1年期中期借贷便利（MLF）到期 法国IEA公布月度原油市场报告 ...