Foreign
1. Macquarie: Trump's economic policies may trigger a collapse of the US stock market.
2. Commerzbank: If the United States uses sanctions, the dominance of the US dollar will be threatened.
3. RBC: Lower the year-end target of the S&P 500 index from 6,600 points to 6,200 points.
4. ING: The euro may continue to be supported in the short term.
5. ING: If the UK budget increases expectations of interest rate cuts, the pound may fall.
6. Bank of America: The Bank of England is expected to cut interest rates three times in 2025.
7. MUFG: The Bank of England's interest rate expectations may keep UK government bond yields high.
8. Goldman Sachs: Japan's wage growth must accelerate further to achieve the central bank's inflation path target.
9. Capital Economics: Japan's tightening cycle has a long way to go.
Domestic
1. CICC: There is still room for up to 800 billion Hong Kong dollars of inflows to the south this year, and the allocation will shift from high dividends to technology.
2. CICC: The index is expected to fluctuate upward in the medium term, and the current environment continues to be relatively favorable for domestic stocks.
3. Zhongtai Securities: Continue to be optimistic about investment opportunities in publishing and AI+education.
4. Huaan Securities: Build a new growth closed loop of "wealth effect-consumption upgrade-industrial transformation".
5. CITIC Securities: Domestic brain-computer interface companies are expected to gradually achieve commercial applications.
