在峰会召开前一天（5月21日），摩根大通举办媒体见面会，公布了摩根大通对于中国经济和股市的最新观 点。 摩根大通中国首席经济学家兼大中华区经济研究主管朱海斌表示，中美日内瓦经贸会谈之后，他上调了中国经 济增速预期。中国这两年出现了最深刻、最广泛的一轮政策调整，2024年9月至年底是上半场，而2025年以来 进入下半场。 摩根大通首席亚洲及中国股票策略师刘鸣镝认为，今年最看好的是港股，A股也将有不错表现。目前是逢低吸 纳的时机，市场可能在90天贸易谈判结束后区间出现突破。行业上，看好互联网和医疗卫生，建议低配电力和 能源。 摩根大通第21届全球中国峰会将于5月22日至23日在上海举行。据悉，本届峰会以"资本为桥 连通世 界"为主题，汇聚了来自全球33个国家和地区、1400多家企业的超过2800名参会者。 朱海斌指出，尽管国内消费有所稳定，但整体仍然相对偏弱。4月份的主要经济指标中，零售消费显著低于市 场预期。因此，他认为下一步政策的重点应该放在提振消费，以及增强居民的收入增长和就业信心上。 刘鸣镝：目前是逢低吸纳时机，看好互联网、医疗行业 朱海斌：中国进行了最深刻、广泛的一轮政策调整 朱海斌首先回顾了今年以来宏 ...

Group 1 - Australia's Trade Minister Farrell emphasized the importance of China as a trading partner, stating that China is ten times more valuable than the U.S. in terms of trade, marking a significant shift from previous policies that favored the U.S. [1][3] - In the 2023-2024 fiscal year, Australia's exports to China reached AUD 210 billion, accounting for 38% of total exports, while exports to the U.S. were only AUD 37 billion, representing less than 7% [3][4] - The previous Morrison government adopted a confrontational stance towards China, which resulted in severe economic repercussions, including a 97% drop in wine exports to China due to high tariffs [3][4] Group 2 - Australia is seeking to balance its economic relations between China and the U.S., participating in trade agreements like RCEP while maintaining military alliances with the U.S. [4][6] - The shift in Australia's strategy reflects a broader trend among U.S. allies reassessing the costs and benefits of aligning with U.S. policies against China, as seen in the economic impacts on the EU and Canada [6][7] - The global trade landscape is evolving, with China emerging as a key partner for many countries, prompting Australia to view its relationship with China as essential for economic stability [6][9] Group 3 - Future developments may include Australia implementing a "dual-track strategy" to diversify its trade markets while maintaining key exports to China [9][11] - The potential fragmentation of U.S. alliances could increase if the U.S. fails to provide substantial economic incentives, leading countries like the EU and Japan to seek closer ties with China [9][11] - China may leverage its growing influence to propose reforms in global trade rules, challenging the existing U.S.-led trade framework [9][11]

｜2025年5月15日星期四｜ 点评：这一举措表明OpenAI在全球AI基础设施布局上的积极态度与对中东市场的重视，未来可能进一 步推动AI技术在中东地区的应用和普及。 NO.3沙特阿美将与英伟达合作开发AI中心 当地时间5月15日，沙特阿美在官网发布新闻稿，这家全球最具价值的能源上市公司与美国大型公司签 署了34份谅解备忘录和协议，潜在总价值约为900亿美元。新闻稿称，在技术与创新方面，沙特阿美将 与亚马逊合作推动数字化转型和低碳项目；与英伟达合作开发先进的工业AI计算基础设施、建立AI中 心和企业平台等。 点评：这一系列合作不仅展示了沙特阿美在能源转型和技术创新方面的决心，也反映了其在全球能源市 场中的重要地位和影响力。 NO.4诺和诺德与Septerna将共同开发新一代减肥药物 NO.1苹果据悉计划为Vision Pro头显添加眼动滚屏功能 据外媒，知情人士透露称，苹果正在为Vision Pro头显开发一项新功能，让用户可以通过眼球滚动浏览 内容，此举旨在进一步提升该设备的交互体验。这项眼球滚动功能正在visionOS3中测试，这是即将推 出的Vision Pro头显操作系统的最新版本。知情人士还表示， ...

Report Summary 1. Report Industry Investment Ratings No investment ratings are provided in the reports. 2. Core Views - **Soybean and Related Products**: The soybean market is influenced by international production and domestic supply - demand. The soybean oil 2509 contract may have short - term range - bound oscillations, and the soybean meal may experience short - term oscillations. The domestic soybean oil mid - term de - stocking cycle may end, and inventory may rebound. The supply of domestic soybean meal is expected to turn from tight to loose [1]. - **Corn**: The domestic corn market is in the new - old grain gap period, and the corn price will maintain a relatively strong performance in the short term due to supply tightness and weak demand [2]. - **Copper**: The copper price's monthly K - line shows a balance between yin and yang. In the short term, investors can try to enter the market based on the moving average system [3]. - **Carbonate Lithium**: The carbonate lithium 2507 contract may have a weak - side oscillation, and investors can short at high prices. The cost support is weakening, and the price is under pressure [4][5]. - **Steel**: The steel fundamentals are gradually improving, and the market presents a pattern of strong supply and demand. The black negative feedback is gradually reflected in the market. Investors can consider going long at low prices for far - month contracts after May [6]. - **Coking Coal and Coke**: The supply of coking coal and coke is relatively loose, and the demand is weak. They will have a low - level weak - side oscillation [7]. - **Iron Ore**: The iron ore market has a mix of long and short factors. The 2509 contract will have short - term oscillations [8]. - **Crude Oil**: The crude oil market has oscillations. In the medium - long term, the price center will move down, but the WTI main contract has technical support at $55 per barrel [9]. - **Rubber**: The rubber market is mainly driven by fundamentals, with a loose supply - demand situation globally. It is running weakly, and investors can pay attention to the support at around 14,000 yuan per ton for the main contract [10][11]. - **PVC**: The demand for PVC is weak, and the futures price may have low - level oscillations [12]. - **Soda Ash**: The fundamentals of soda ash are weak, and the futures market will have wide - range oscillations in the short term [13]. 3. Summary by Product Soybean and Related Products - **Spot Information**: The price of Rizhao Jiji first - grade soybean oil is 8,080 yuan/ton, unchanged from the previous trading day. The 43 - protein soybean meal prices in different regions have declined [1]. - **Market Analysis**: Internationally, the South American new - crop soybean is likely to have a bumper harvest, and the US soybean production is expected to change. Domestically, the supply of soybean oil may increase, and the supply of soybean meal is expected to turn from tight to loose [1]. Corn - **Spot Information**: Different regions have different corn acquisition prices, such as 2,194 yuan/ton in Northeast China and Inner Mongolia and 2,439 yuan/ton in North China and Huanghuai [1]. - **Market Analysis**: The impact of the Sino - US tariff dispute on the corn market is limited. Domestically, there is a short - term supply shortage and weak demand [2]. Copper - **Spot Information**: The price of Shanghai 1 electrolytic copper is 78,060 - 78,490 yuan, up 70 yuan, with a discount of 50 - premium of 20 [3]. - **Market Analysis**: The Sino - US tariff negotiation has made progress, and domestic policies are supportive. However, the raw material supply problem persists, and the copper inventory is rapidly declining [3]. Carbonate Lithium - **Spot Information**: The battery - grade carbonate lithium (99.5%) is priced at 65,250 yuan/ton, down 450 yuan, and the industrial - grade is 63,550 yuan/ton, also down 450 yuan [4]. - **Market Analysis**: The cost support is weakening, the supply is high, the demand improvement is insufficient, and the inventory is accumulating [4]. Steel - **Spot Information**: The Shanghai rebar price is 3,170 yuan, the Tangshan operating rate is 83.56%, the social inventory is 5.3276 million tons, and the steel mill inventory is 2.004 million tons [6]. - **Market Analysis**: The steel fundamentals are improving, the cost is dynamic, and the inventory is decreasing. The short - term market is dominated by macro - policy expectations [6]. Coking Coal and Coke - **Spot Information**: The price of Mongolian No. 5 coking coal is 1,205 yuan/ton, and the price of quasi - first - grade metallurgical coke at Rizhao Port is 1,340 yuan/ton [7]. - **Market Analysis**: The supply is loose, the demand is weak, the inventory is slightly increasing, and the profit is approaching the break - even point [7]. Iron Ore - **Spot Information**: The iron ore Platts index is 98.6, the price of Qingdao PB (61.5%) powder is 760 yuan, and the price of Australian 62% Fe powder ore is 756 yuan [8]. - **Market Analysis**: The supply and demand factors are mixed, and the market is affected by the US tariff policy [8]. Crude Oil - **Market Analysis**: Geopolitical conflicts boost the price, but the OPEC+ production increase and trade - war concerns affect the price. The medium - long - term price center will move down [9]. Rubber - **Spot Information**: Not provided comprehensively in the text. - **Market Analysis**: The supply is loose, and the demand may be suppressed by the US auto tariff [10][11]. PVC - **Spot Information**: The mainstream price of East China Type 5 PVC is 4,650 yuan/ton, and the ethylene - based PVC is 5,000 yuan/ton [12]. - **Market Analysis**: The supply is increasing, the demand is weak, and the inventory is decreasing slightly [12]. Soda Ash - **Spot Information**: The national mainstream price of heavy soda ash is 1,416.88 yuan/ton, unchanged [13]. - **Market Analysis**: The supply is slightly decreasing, the inventory is increasing, and the demand is average. The market will have wide - range oscillations [13].

Report Industry Investment Rating There is no information about the industry investment rating in the provided content. Core Viewpoints of the Report - The unexpected consensus on tariff reduction between China and the US in the Geneva economic and trade talks is expected to boost the short - term sentiment of the domestic A - share market and industrial products in commodities, especially those close to the export end. However, there is a possibility that the US may take further actions after a 90 - day period [7]. Summary According to Relevant Catalogs 1. Overall Market Reaction - After the A - share market closed yesterday, the three major US stock indexes recorded their largest daily gains in a month, and the Nasdaq Golden Dragon China Index rose 5.40%. The US dollar index and the offshore RMB increased, while US Treasury bonds and gold declined [7]. 2. Sector - Specific Analysis PTA - The unilateral trend is oscillating strongly. With the unexpected tariff reduction, the view on the monthly spread is revised, and the 9 - 1 reverse spread should be exited. PTA is in a situation of decreasing supply and increasing demand, with continuous inventory reduction. It is recommended to short the PTA processing fee at high prices, and the unilateral price is strongly affected by oil prices and is generally oscillating strongly [9]. Container Shipping Index (European Line) - The unexpected good news of China - US tariffs drives the sentiment - based repair of the market. It is advisable to enter the 6 - 8 reverse spread and hold the 10 - 12 reverse spread lightly. The freight rate on the European line is not likely to increase significantly in late June, and there is an expectation of a peak season from July to August [10]. Styrene - Pure benzene is still in a weak trend, and in the short - term, it enters a pattern of increasing supply and demand. Styrene should be shorted at high prices, and the profit of styrene should be compressed. Attention should be paid to the downstream production cut and inventory accumulation in the second half of May and the process of the hidden inventory of styrene factories becoming explicit [13]. Cotton - Despite the rebound of Zhengzhou cotton futures due to the better - than - expected result of the China - US economic and trade talks, due to sufficient supply of old - crop cotton and expected increase in new - crop production, as well as the lack of short - term and long - term growth expectations for cotton demand, cotton futures lack a continuous upward driving force and are expected to oscillate at a low level [14]. 3. Individual Commodity Analysis Precious Metals - Gold: Affected by the progress in China - US trade, the trend intensity is - 1. - Silver: It is oscillating downwards, and the trend intensity is - 1 [20][24]. Base Metals - Copper: The strong spot price of LME copper supports the price, and the trend intensity is 0 [26]. - Aluminum: It is oscillating weakly, and the trend intensity is 0. Alumina is consolidating at a low level, and the trend intensity is 0 [29]. - Zinc: There is inventory accumulation in the fundamentals, and attention should be paid to tariff disturbances. The trend intensity is - 1 [32]. - Lead: It has weak supply and demand and is adjusting within a range. The trend intensity is 0 [35]. - Tin: It is oscillating within a narrow range, and the trend intensity is - 1 [38]. - Nickel: The news affects the sentiment, but the fundamentals change little. The trend intensity is 0. Stainless steel has a marginal increase in social inventory, and the disk is supported by cost expectations. The trend intensity is 0 [42]. Energy and Chemicals - Carbonate Lithium: Although the tariff impact is mitigated, the export profit is still in the red. The trend intensity is 0 [47]. - Industrial Silicon: The disk is expected to open high and go low. The trend intensity is - 1. - Polysilicon: The news of production cuts is fermenting, and the disk is running strongly. The trend intensity is 1 [50]. Ferrous Metals - Iron Ore: The expectations are fluctuating, and it is oscillating widely. The trend intensity is 0 [54]. - Rebar: The macro - sentiment boosts it, and it rebounds from a low level. The trend intensity is 1. - Hot - Rolled Coil: The macro - sentiment boosts it, and it rebounds from a low level. The trend intensity is 1 [58]. - Ferrosilicon: The main production areas have announced maintenance plans, and it is oscillating strongly. The trend intensity is 1. - Silicomanganese: The port quotation has a strong willingness to increase, and it is oscillating strongly. The trend intensity is 1 [61]. - Coke: The sentiment is being repaired, and it is oscillating widely. The trend intensity is 0. - Coking Coal: The sentiment is being repaired, and it is oscillating widely. The trend intensity is 0 [66]. - Steam Coal: The coal mine inventory is increasing, and it is oscillating weakly. The trend intensity is 0 [71]. Others - Logs: Boosted by macro - expectations, it is oscillating repeatedly [74].

智通财经APP获悉，2025年5月12日当天，小米集团-W(01810)、阿里巴巴-W(09988)、腾讯控股(00700) 位居沪港通（南向）成交额前3位，成交额分别为83.72 亿元、81.51 亿元、55.47 亿元；小米集团- W(01810)、腾讯控股(00700)、阿里巴巴-W(09988) 位居深港通（南向）成交额前3位，成交额分别为 47.52 亿元、41.95 亿元、32.50 亿元。 沪港通（南向）十大活跃成交公司 深港通（南向）十大活跃成交公司 | 公司名称 | 成交金额 | 净买入额 | | --- | --- | --- | | 小米集团-W(01810) | 47.52 亿元 | -14.61 亿元 | | 腾讯控股(00700) | 41.95 亿元 | -21.90 亿元 | | 阿里巴巴-W(09988) | 32.50 亿元 | +1.79 亿元 | | 美团-W(03690) | 27.14 亿元 | -5.95 亿元 | | 盈富基金(02800) | 24.13 亿元 | -24.05 亿元 | | 中芯国际(00981) | 16.44 亿元 | -3.77 亿元 ...

Market Overview - US stock indices opened lower, with the Dow Jones down 0.7%, Nasdaq down 0.94%, and S&P 500 down 0.75% [2][3] - Major tech stocks mostly declined, with Tesla, Nvidia, and Google A dropping over 1% [3] Chinese Stocks Performance - Chinese stocks showed resilience, with the Nasdaq China Golden Dragon Index rising 0.7% [3] - Notable gainers included Tencent Music and Weibo, both up over 2%, while NIO fell over 2% [3] Economic Data - The US trade deficit for March reached a record $140.5 billion, exceeding the forecast of $137.2 billion and up from $122.7 billion previously [2] - Exports were $278.46 billion, a year-on-year increase of 0.2%, while imports were $418.96 billion, a year-on-year increase of 4.4% [2] Agricultural Exports Impact - The decline in US exports has affected agricultural products significantly, with major ports like Oregon and Tacoma seeing export drops of 51% and 28% respectively [4] - The overall impact has been widespread across US ports, indicating a severe disruption in agricultural exports [4] EU-US Trade Relations - EU Trade Commissioner Sefcovic indicated that US tariffs currently cover 70% of EU goods trade, potentially rising to 97% after further investigations [5] - The EU is preparing countermeasures against US tariffs and aims for a fair negotiation outcome [6] Gold and Oil Market Trends - Gold prices continued to rise, with London gold up nearly 2% and COMEX gold up over 2% [7] - Goldman Sachs projected gold prices could reach $3,700 per ounce by year-end, with potential increases to $4,500 in extreme scenarios [7] - Global gold demand reached 1,206 tons in Q1, the strongest first-quarter demand since 2016 [8] - Oil prices surged, with NYMEX WTI and ICE Brent both rising over 3% [8]

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 ...

Group 1: Market Supervision and Compliance - The market supervision authority conducted a routine inspection of the company "胖东来唯初珠宝有限公司" regarding its sales of Hetian jade during the first four months of 2025, following public concerns raised online [2][4] - The company sold a total of 4,177 pieces of Hetian jade with a sales amount of 29.592175 million yuan, achieving an average gross profit margin of no more than 20% [4] - All currently sold Hetian jade products are clearly priced, and the randomly checked 13 items had complete purchase documentation and valid certification from accredited institutions [4] Group 2: Legal Actions and Public Relations - Following allegations from social media influencer "柴怼怼" regarding the company's pricing and product quality, the company issued a response and has initiated legal proceedings for defamation against the influencer [4] - The company filed a lawsuit on April 25, 2025, in the Intermediate People's Court of Xuchang regarding the defamation claims [4] Group 3: Industry Trends and Stock Market Movements - The stock market saw a decline with the S&P 500 ending a nine-day rally, influenced by significant drops in major tech stocks, including a more than 5% drop in Berkshire Hathaway [8][9] - The international oil prices weakened, with West Texas Intermediate crude oil falling by 1.82% to $57.23 per barrel, while Brent crude oil dropped by 1.55% to $60.34 per barrel [11] - In contrast, international gold prices surged, with spot gold rising by 2.85% to $3,332.85 per ounce [11] Group 4: Film Industry Insights - The box office for the 2025 May Day holiday period reached 744 million yuan, with the top three films being "水饺皇后," "猎金·游戏," and "幽灵公主" [17][18] - The film "水饺皇后" generated the highest revenue of approximately 191.5 million yuan, accounting for 25.7% of the total box office [20]

男生普通话版 下载mp3 女声普通话版 下载mp3 粤语版 下载mp3 西南方言版 下载mp3 东北话版 下载mp3 上海话版 下载mp3 今日优选 4月非农就业数据高于预期 特朗普首次给出明确表态：不会提前解雇鲍威尔 美债收益率连续第二日反弹，基准的10年期美债收益率收报4.314%；对货币政策更敏感的两年期美债收益率收报3.832%。 由于美国就业数据强劲和国际贸易谈判取得进展，黄金的避险吸引力有所减弱。现货黄金收于平盘附近，险守3240美元关口；现货白银收跌1.21%，报32.01 美元/盎司。 国际油价继续承压下跌，因上周五有消息称欧佩克+主要成员国正在讨论6月份再次增产约40万桶/日。WTI原油收跌0.99%，报58.35美元/桶；布伦特原油收 跌0.7%，报61.42美元/桶。此外，因消息称欧佩克+将继续加速增产，原油周一开盘大跌5% 日本收回"美债将成对美谈判筹码"论调 消息人士：欧佩克+可能在6月批准7月再次加速增产41.1万桶/日 商务部：美方近期通过相关方面多次主动向中方传递信息 香港金管局向市场注资465.39亿港元，为5年来首次 新台币罕见暴升逾1元 五一黄金"跳水"引爆抢购潮 市场盘 ...