Foreign 1. TD Securities: The Federal Reserve is expected to cut interest rates five times this year. 2. TD Securities: From a risk-reward perspective, the special...

< b > Abroad < br > < span class = "section-news" > 1. TD Securities: The Federal Reserve is expected to cut interest rates five times this year. < br > < span class = "section-news" > 2. TD Securities: Trump is unlikely to fire Powell in terms of risk-reward. < br > < span class = "section-news" > 3. TD Securities: Investors need to know more before buying US Treasuries that have depreciated. < br > < span class = "section-news" > 4. Capital Economics: If Trump succeeds, the market may welcome the "apocalyptic" decline of the dollar. < br > < span class = "section-news" > 5. Royal Bank of Canada: The European Central Bank is expected to cut interest rates twice more this year. < br > < b > Domestic < br > < span class = "section-news" > 1. CICC: The resilience of the RMB exchange rate adds room for loose currency. < br > < span class = "section-news" > 2. CICC: The market is pricing in "stagflation in the US" and a "not-so-bad euro area". < br > < span class = "section-news" > 3. CITIC Securities: The property market policy is included in the framework to boost consumption, and the national policy may be introduced in April-May. < br > < span class = "section-news" > 4. CITIC Securities: Increasing the development of non-US markets to achieve transformation may become the key to the PV supply chain to hedge the risk of tariff wars. < br > < span class = "section-news" > 5. CITIC Securities: Coal power starts a new round of upgrades to help the construction of new power systems. < br > < span class = "section-news" > 6. Huatai Securities: The direction of defensive assets and policy hedging remains the short-term main line of class A shares.