Category: Flash News

On March 25th, a research report by China International Capital Corporation (CICC) stated that after ChatGPT led the start of this round of AI products, the product form of the next generation of AI has also attracted widespread attention. Recently, startup Monica launched a universal AI Agent Manus, which has sparked discussions on AI Agent as an L3 stage product. Manus has innovated in multi-agent mode and reliability issues. The innovation of product forms such as AI agents is equally important as the evolution of underlying models, and has demonstrated strong commercial monetization and implementation potential. In the future, AI Agent may reshape the Internet ecology by taking over mobile phones.

On March 25th, Huatai Securities Research Report pointed out that the implementation of intensive policies has formed a combination of “boosting demand+supply innovation+optimizing the environment”, which is beneficial for consumer confidence and ability repair. We believe that policies such as “trade in” and maternity subsidies, along with the stabilization of the real estate market, have jointly built a foundation for the recovery of residents’ marginal propensity to consume (MPC). The emergence of new high-quality supply has injected upward momentum into MPC, which is expected to drive the transformation of the consumption sector from “stage trend recovery” to “endogenous benign growth” in the next 25 years. According to high-frequency data, the fundamentals of home appliances, experiential new consumption, service consumption and other sectors have continued to recover. We continue to be optimistic about the steady recovery of consumption and structural investment opportunities in the next 25 years, and attach importance to the revaluation of leading values.

On March 25th, China International Capital Corporation (CICC) reported that calculations show that if the uncertainty caused by tariffs and government spending cuts persists, it may have a negative impact of 0.94 percentage points on US economic output, slowing down the real GDP growth rate to 1.7% in 2025. This impact is not limited to the United States, but may also affect other countries, increasing the risk of global economic downturn. Uncertainty shocks can also affect macroeconomic policy-making. The Federal Reserve may also choose to wait and see in the face of uncertainty, which may lead to policy adjustments lagging behind and pose greater challenges to economic growth and inflation management.

On March 25th, although the Ukrainian and Russian delegations have held talks with the US delegation in Saudi Arabia in the past two days, the conflict between Russia and Ukraine has not escalated. Both sides accuse each other of lacking negotiation sincerity. The Russian Ministry of Defense issued a statement on the 24th, listing the Ukrainian side’s attacks on Ukrainian energy infrastructure since March 19th, when the Russian side decided to suspend strikes on Ukrainian energy infrastructure. The last time was in the early morning of the 24th local time, when Ukrainian military drones attacked an oil transfer station located in Krasnodar Krai, Russia. The drone was shot down 7 kilometers near the transfer station. On the same day, the Prosecutor’s Office of Sumy Oblast in Ukraine announced that Russian troops had attacked the center of Sumy city that day. Ukrainian President Zelensky stated that the attack has resulted in nearly 90 injuries, including 17 children. Several high-rise buildings and urban infrastructure were also damaged. The Russian side has not yet responded to this news.

① 17:00 Germany March IFO Business Sentiment Index; ② 19: 00 UK March CBI retail sales difference; ③ 20: 40 Federal Reserve Governor Kugler delivers a speech; ④ 21:00 Monthly rate of FHFA housing price index in January and annual rate of non seasonally adjusted housing price index in S&P/CS 20 major cities in January in the United States; ⑤ 21:05 Fed’s Williams delivers speech at an event; ⑥ At 22:00, the annualized total sales of new homes in the United States in February, the March Conference Board Consumer Confidence Index, and the March Richmond Fed Manufacturing Index; ⑦ The next day at 04:30, the US crude oil inventory for the week of March 21st.

On March 25th, the White House announced on the 24th local time that US President Trump has signed an order to impose sanctions on countries that import Venezuelan oil. On the 24th, US President Trump announced on social media that he will impose a 25% tariff on countries that purchase Venezuelan oil and gas, and accused this Latin American country of being “hostile” towards the United States. Trump said that the relevant tariffs will take effect on April 2nd. On the 24th, Venezuelan Foreign Minister Hill stated that the US measure to impose a 25% tariff on countries that purchase oil and natural gas from Venezuela is “illegal” and “arbitrary”.

On March 25th, the Israeli Defense Forces killed 20 Palestinian militants and arrested approximately 30 people during their operation in the southern Gaza Strip. The Israeli Defense Forces stated that they also raided the Palestinian Islamic Resistance Movement (Hamas) command center in the area. It is reported that the Israel Defense Forces will continue to carry out operations in Rafa and Khan Younis. The Israeli military stated that the operation aims to expand the buffer zone along the border with the Gaza Strip.

On March 25th, the White House admitted on March 24th local time that several senior officials of the Trump administration used a non confidential chat application to discuss highly sensitive military plans, inadvertently adding a journalist to the group chat, which quickly drew criticism from national security agencies. The Atlantic Monthly reported that its editor in chief Jeffrey Goldberg was accidentally added to a group chat about Trump’s national security team planning an attack on Yemen. Goldberg’s article provides a detailed account of the intense policy discussions that took place prior to the military operation against Houthi militants in Yemen on March 15th. Goldberg stated that he was added to a group chat on the encrypted information platform Signal by Waltz, the National Security Advisor to the President of the United States. Other participants included Vice President Vance, Defense Secretary Hergeuse, and Central Intelligence Agency Director Ratcliffe.

On March 25th, “April Decision” is an important concept in the A-share market, which refers to investors’ judgment of the April market situation, which will have important guiding significance for investment throughout the year. The A-share market has entered the last full trading week of March, and the approaching April has also increased the market’s attention to this year’s “April Decision”. Although there have been signs of adjustment in the A-share market recently, industry institutions believe that the short-term correction of risk appetite does not mean the end of the market, and the process of “April decision” may correspond to the market’s “consolidation period”; As the annual and first quarter performance forecasts of listed companies are gradually disclosed, it is recommended to moderately switch between high and low trading strategies in the future. We are optimistic about the possibility of sustained prosperity or the direction of improvement in prosperity, as well as defensive assets such as dividend stocks and bonds.

On March 25th, the Venezuelan Ministry of Foreign Affairs issued a statement on March 24th stating that it firmly opposes the US government’s imposition of a 25% secondary tariff on countries engaged in oil and gas trade with Venezuela. The announcement states that US President Trump’s unilateral imposition of tariffs is a new act of aggression that blatantly violates international trade rules such as the General Agreement on Tariffs and Trade. Venezuela will take all appropriate actions in international institutions to safeguard its rights and condemn this new violation of the world economic order.