Overseas
1. Goldman Sachs: Hedge funds cut their positions in the seven tech giants in the US in the first quarter and increased their holdings of Chinese ADRs.
2. UBS: Current bond yields are at a relatively high level.
3. Morgan Stanley: It is recommended to buy US assets, except for the US dollar.
4. Morgan Stanley: The Singapore stock market may provide good defensive exposure.
5. Mitsubishi UFJ: The policy stance of the Bank of Japan may continue to support the yen.
6. TD Securities: The fiscal situation in the United States has attracted much attention.
7. KCM Trade: The news of trade cooling will be an obstacle for gold prices to return to $3,500.
Domestic
1. Orient Securities: It is expected that the central bank will continue to implement interest rate cuts in the second half of the year.
2. CITIC Securities: The interest rate cuts are transmitted to deposits and loans, and the signal of stabilizing the interest rate spread is clear.
3. CITIC Construction Investment: Agent development may promote the upward development of the AI industry chain.
4. Galaxy Securities: It is recommended to seize the bottom layout opportunity of the airport sector.
5. Galaxy Securities: Cross-border logistics is expected to benefit from the upward trend of cross-border e-commerce this year.
6. Huatai Securities: The real estate market is still on the way to bottoming out and stabilizing. We recommend real estate companies with abundant resources and stable operations.
7. Minsheng Bank: The reduction of LPR interest rates is a key move to alleviate the high actual mortgage interest rates at this stage and continue to promote the real estate market to stop falling and stabilize.
