1. A-shares on Break|The market is closed for the May Day holiday (5.1-5.5) and will reopen on 5.6; the Shanghai Composite wrapped up April at 4112 points. 2. PMI Steady Growth|April's manufacturing PMI hit 50.3%, marking two months of expansion, with new export orders entering the expansion zone for the first time in 23 months. 3. Policy Boost|The second batch of 91.5 billion for 'new infrastructure' equipment upgrades has been allocated, leveraging total investments over 380 billion. 4. Oil Price Drop|92# generally down to 8.44 CNY/liter, with 95# dropping below 9.05 CNY/liter, with this round decreasing over 0.43 CNY/liter. 5. Hubei Subsidies|From today, smart home appliances/robots and other 10 categories of products will receive up to 15% subsidies, with a cap of 1500 CNY per item. 6. Gold Buzz|Global gold demand for Q1 reached 1231 tons, up 74% year-on-year. 7. Apple Big Moves|Net profit up 19% in earnings report, announcing a massive buyback worth hundreds of billions. 8. Chinese Stocks Rally|The NASDAQ Golden Dragon China Index up 2.01
In the super cycle of AI computing power, bandwidth memory is sold out, chips are sold out, solid-state drives are sold out, optical modules are sold out, and even traditional mechanical hard drives are sold out. Apple, Google, and Tesla are all throwing orders at Intel. #INTC
1. A-shares up: Shanghai Composite at 4107 points (+0.71%), Shenzhen Component at 15120 points (+1.96%), trading volume increased. 2. Fed holds steady: rates unchanged at 3.5%-3.75%, 8:4 vote split marking the biggest divergence in 34 years; Powell stays on as a board member after stepping down as chair. 3. Oil prices surge: Middle East tensions, WTI breaks $106/barrel (+6.95%), Brent at $118/barrel (+6.08%). 4. Shenzhen real estate loosens up: core area purchase limits relaxed, housing fund loan limits raised (individuals 700k / families 1.2M). 5. Major domestic mineral discovery: 13 new billion-ton oilfields, 26 hundred-billion-cubic-meter gas fields; 14 mineral reserves ranked first globally. 6. Gold demand hits new highs: global central banks increased holdings in Q1, China's consumption up 24% YoY, setting a historical record.
Crude oil #LC hit the target of 102.86. After the Strait of Hormuz is completely locked down, crude oil is expected to hold at high levels for a while until other countries like Saudi Arabia and the UAE start pumping out their crude in large volumes to stabilize prices. #LC
1. High liquidity, stable exchange rates, steady real estate, and strong market confidence. 2. Major news: Trillions in loans for private enterprises are now available, providing easier financing for SMEs. 3. The USD is gaining strength, gold has dropped 1.79%, and crude oil is up 3.69% (at $99.93). 4. UAE is exiting OPEC starting May, changing the dynamics of the international oil market. 5. The RMB remains stable within a reasonable range, with clear dual lines of easing and stable exchange rates.
In just a few words I hit the button to terminate this $20 billion trade. All the grinding of Manus's product over the years, the slicing of legal frameworks, the structuring of financing and exits, all came crashing down, wasted.
1. 💴 Yuan Strengthening: Offshore hits 6.82, bouncing back nearly 200 points, with the central bank's commitment to stabilize the exchange rate clear. 2. 🌍 Global Inflation Alert: World Bank raises the 2026 global inflation forecast to 3.8%, with a slowdown in rate cuts. 3. 🛢️ Oil's Six-Day Bull Run: Brent crude marks the longest rally in a year, approaching a three-week high. 4. ₿ Bitcoin Surge: Touched over $79,000, hitting a new high for March before pulling back. 5. 📊 Domestic Economic Recovery: March industrial profits up 6.3%, with the service sector continuing to expand.
1. Central Bank today reduced MLF operations: 400 billion 1-year term, with 600 billion maturing, net withdrawal of 200 billion, stabilizing the exchange rate, avoiding flooding the market.
2. Yuan Strengthening: Onshore at 6.83+, Offshore at 6.82, appreciating about 2.3% this year, best in Asia.
3. Central Bank's New Coin Launch: Guardian of Earth gold and silver coins, first hemispherical silver coin (500g), only 2000 pieces issued.
- Eight departments: Bundling of payment and credit halted, adjustments for Huabei/Baitiao starting from 9.30 - Shanghai and Shenzhen North Exchanges: Trading rules upgrade (effective 7.6)
3. 📊 Macro Points
- Q1 new special bonds at 1.16 trillion, YoY +20.8% - LPR held steady for 11 months: 1-year at 3.0%, 5-year at 3.5%
4. 🌍 Market Sentiment
- Middle East tensions cause crypto market plunge: 98,000 liquidations in 24 hours, about $188 million $BTC $ETH
1. 🔹 CNY Exchange Rate: Midpoint at 6.8674, onshore at 6.8342, offshore at 6.8311, showing slight fluctuations and stabilization. 2. 🔹 Central Bank Operations: Net reverse repos of 4.5 billion yuan, with the interest rate unchanged at 1.40%, liquidity remains reasonably ample. 3. 🔹 USD Weakness: Dollar index at 98.51, down 0.31%; expectations for US-Iran talks heating up, with rate cut expectations rising. 4. 🔹 Commodity Updates: Crude drops to $94.4/barrel; gold slightly up to $4707.77/ounce. 5. 🔹 Market Highlights: A-shares experiencing volatility and pullbacks, US tech stocks strengthening; QFII approved for participation in treasury futures hedging. $BTC $BNB