Goldman Sachs: Major downward adjustment to forecasts!
On March 31, Goldman Sachs' trading desk stated in the "2-minute quick read": "This weekend, we made significant downward adjustments to our forecasts, which is a relatively notable adjustment for quite some time."
JPMorgan's "April 2nd" must-read Trade manual: "UK, Japan, and Australia are relatively safe," and subsequent negotiations will continue until June.
JPMorgan believes that, according to Besant, the trade friction during this stage may last until June. The tariff policy will go through several stages such as announcement, countermeasures, escalation, and reconciliation. Importantly, this is not a one-time clearing event for the stock market, and tariffs have not yet been fully reflected in market prices.
US Stocks Go Through Another Swing Day
Hong Kong Stock Market Morning Report | AI and other key areas receive renewed attention, DeepSeek becomes the fastest growing AI tool in the Global market.
① The Ministry of Industry and Information Technology will focus on key areas such as AI and critical software, nurturing a batch of platforms for the transformation of innovative achievements. ② DeepSeek's monthly visits exceed ChatGPT. ③ Huawei: Global sales revenue in 2024 is 862.1 billion yuan, with a Net income of 62.6 billion yuan. ④ Li Auto's internal sales target for this year: 0.7 million units for the entire year, with 0.05 million units for pure electric.
Federal Reserve "third-in-command" Williams: There is definitely a risk of rising inflation in the USA.
Williams stated that there are upward risks to inflation, largely dependent on tariffs and other possible policies, and regardless of what policies the Trump administration implements, the uncertainty itself may be affecting the behavior of some consumers and businesses. However, he denied that the US economy is experiencing "stagflation". Richmond Fed President Barkin indicated that the Federal Reserve needs to build more confidence in controlling inflation before further interest rate cuts can be made.
U.S. stocks closed: the three major Indexes closed mixed, with tariff threats causing severe market fluctuations.
① Conservative media stocks in the USA surged over 700% on their debut; ② The Nasdaq Golden Dragon China Index fell 0.61%, with a cumulative decline of 0.08% in March; ③ News of a merger between the chip foundry giants GlobalFoundries and United Microelectronics has emerged; ④ Amazon launched the AI agent Nova Act.
