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国元证券晨会纪要-20250430
国元香港·2025-04-30 05:09

Key Points - The report highlights that the US trade deficit in goods expanded to a record 162billioninMarch[3]−TheUSTreasurySecretaryindicatedthatdiscussionswilltakeplacewithatleast17partnersinthecomingweeks[3]−Concernsovertariffsarenegativelyimpactingeconomicoutlook,withUSconsumerconfidencedroppingtoanearfive−yearlowinApril[3]−Thereportnotessignificantlayoffs,withUPSbecomingthefirstmajorcompanytoconductmasslayoffsduetothetradewar,affecting20,000employees[3]−Amazonwasforcedtohaltplanstodisplaytariffimpactsonproductpages,whileWalmarthasnotifiedChinesesupplierstoresumeshipments[3]−ThereportalsomentionsthatSouthKorea′screditcarddefaultratereachedaten−yearhighinthefirstquarterofthisyear[3]EconomicDataSummary−TheBalticDryIndexclosedat1403.00,up2.18162 billion in March [3] - The US Treasury Secretary indicated that discussions will take place with at least 17 partners in the coming weeks [3] - Concerns over tariffs are negatively impacting economic outlook, with US consumer confidence dropping to a near five-year low in April [3] - The report notes significant layoffs, with UPS becoming the first major company to conduct mass layoffs due to the trade war, affecting 20,000 employees [3] - Amazon was forced to halt plans to display tariff impacts on product pages, while Walmart has notified Chinese suppliers to resume shipments [3] - The report also mentions that South Korea's credit card default rate reached a ten-year high in the first quarter of this year [3] Economic Data Summary - The Baltic Dry Index closed at 1403.00, up 2.18% [4] - The Nasdaq Index closed at 17,461.32, up 0.55% [4] - The Dow Jones Industrial Average closed at 40,527.62, up 0.75% [4] - The S&P 500 closed at 5,560.83, up 0.58% [4] - The ICE Brent crude oil price was 64.05, down 2.75% [4] - The USD/CNY exchange rate was 7.27, down 0.47% [4] - The Hang Seng Index closed at 22,008.11, up 0.16% [4] - The Shanghai Composite Index closed at 3,286.65, down 0.05% [4]