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宏观策略(外汇期货(美元指数))
以色列周日对加沙空袭造成四人死亡
美伊局势升级,美国可能重启军事行动,市场风险偏好回落,美元走强。

宏观策略(国债期货)
央行开展了5亿元7天期逆回购操作
震荡市建议关注票息策略,持有中短久期高票息品种,并用长端期货做波段。节奏上下周利空较多,表现应略偏弱。

宏观策略(股指期货)
美以被曝最早在下周恢复对伊朗的军事打击
油价高企与通胀预期迫使全球长债收益率集体走高,也导致全球科技股动量收缩。展望后市,A股高位调整,消化过热在所难免,但牛市未终结,AI投资的确定性仍高。

农产品(白糖)
2026年4月份巴西出口至中国的原糖数量为3.98万吨
由于干燥的天气有利于压榨推进,巴西中南部4月下半月糖产量预计同比跳增72.7%,乙醇总产量预计增长92.6%。关注巴西Unica即将公布的4月下半月压榨数据。

有色金属(铜)
哈萨克斯坦1-4月铜产量同比下降1.9%
宏观情绪继续对铜价形成阶段抑制,继续观察战争态势边际变化,策略上继续推荐逢低买入。

能源化工(原油)
伊朗:已准备好管理霍尔木兹海峡的机制
上一周油价上涨,美伊维持僵局,短期仍有军事冲突升温可能性,油价预计高位震荡。

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