International
1. JPMorgan Chase: Strong demand from central banks worldwide could push gold prices to $6,300/oz by the end of 2026.
2. ING: Increased foreign exchange discussions by the ECB could lower the threshold for interest rate cuts.
3. ING: Political developments are likely to be a key factor driving UK government bond prices.
4. TD Securities: The dollar is expected to rebound in the first quarter, and the strong performance of the pound is likely to pause.
5. Deutsche Bank: The ECB's decision to hold rates steady reflects a balanced policy stance.
6. OCBC: Continued consumer momentum; Singapore's retail sales growth is expected to reach 3% this year.
Domestic
1. CICC: The final outcome of the gold bull market is relatively clear, but the bull market could continue for some time.
2. CICC: The Fed's final interest rate cut may exceed market expectations, and the dollar's easing trade may return in the short term.
3. CICC: The People's Bank of China is expected to increase its easing efforts in the second quarter, with two or more reserve requirement ratio and interest rate cuts expected throughout the year.
4. Galaxy Securities: The core logic of the long-term bull market for gold remains solid, and central bank gold purchases will continue to increase.
5. CITIC Securities: Optimistic about the expansion of storage capacity and accelerated technological iteration, with broad prospects for core semiconductor suppliers.
6. CITIC Securities: Platform companies with drug and insurance resource integration capabilities and technological barriers are expected to stand out and grow into industry leaders.
7. CITIC Securities: The market is expected to gradually emerge from the high volatility caused by large fluctuations in capital flows in February.
8. Galaxy Securities: Currently, some core copper mining stocks in the A-share market have a high safety margin in valuation for 2026, highlighting their investment value.
9. CITIC Securities: The strong performance of securities firms and favorable policies resonate, strengthening the expectation of upward valuation and highlighting the sector's investment value.
10. Huatai Securities: Optimistic about the profit recovery of wind power and photovoltaics in 2026, with space photovoltaics potentially creating a new business model.
