Lates News

CITIC Securities released a research report pointing out that the recent trade policy of the Trump administration has shifted towards moderation. CITIC Securities believes that this shift is not stable and may only be a temporary appeasement measure under market pressure. The trade friction may still continue, and it may only start to ease at the end of this year or the beginning of next year. The tax reduction bill is also a core demand of Trump. If successfully implemented, it will be beneficial for the short-term performance of the economy and bring about certainty earlier, but it is necessary to observe Trump's policy direction choices. In terms of major asset classes, gold remains the most certain, U.S. treasuries may continue to trade in a range, U.S. stocks have a lower success rate, and the U.S. dollar may fluctuate weaker. If Trump focuses on domestic affairs, the turning point for U.S. stocks and the U.S. dollar may come earlier.