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宏观策略(国债期货)
央行开展了10亿元7天期逆回购操作
内需偏弱和资金偏松利多债市,不过我国经济是K型分化的,债市难以持续走强,整体将呈现震荡走势。

宏观策略(股指期货)
4月经济数据走弱
A股缩量下跌,成交跌破3万亿元,资金继续拥抱确定性,光模块、半导体等领涨。这也符合4月经济数据表现出来的极致分化的特征。我们认为风格难以再平衡,短期仍较为极致。

黑色金属(螺纹钢/热轧卷板)
1-4月全国房地产开发投资同比下降13.7%
4月经济数据公布,终端需求依然较为疲弱,基本面难以给钢价提供持续的回升动能。但若美伊冲突僵持,仍可能带动能源和海外钢价回升,需警惕市场波动风险。

有色金属(锌)
七地锌锭库存增加0.18万吨
宏观面风险仍未完全消退,流动性冲击或尚未结束,前期多单即时止盈为宜,长线依然维持回调买入思路.

能源化工(原油)
特朗普:应海湾国家请求,取消原定周二对伊朗的打击
油价高位震荡,美国暂缓升级对伊朗军事行动。

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