台积电(TSM.N)：客户高度关注A14工艺，预计2028年开始量产。

DISCOUNTS FOR RUSSIAN URALS OIL IN RUSSIAN PORTS NARROWED BY $10/BL TO SOME $15-17/BL AGAINST DATED BRENT IN APRIL VERSUS MARCH, REUTERS CALCULATIONS SHOW RUSSIAN URALS OIL STAYS CLOSE TO 12-YEAR HIGHS AROUND $100/BL SO FAR IN APRIL, REUTERS DATA SHOWS

China's better-than-expected macro data so far this year implies little urgency for significant policy stimulus in the near-term, say Goldman Sachs economists in a research note. China's strong first-quarter gross domestic product growth beat consensus and GS's forecast. The GS economists hold low expectations for stimulus at the Politburo meeting later this month. The bank maintains its real gross domestic product growth forecasts for 2026 and 2027 at 4.7% each.