China: the impact of the epidemic, the policy overweight is expected to increase. 1) Monetary policy: the central bank has carried out a total of 620 billion yuan of reverse repurchase operations, with a net investment of 430 billion yuan. 2) Fiscal policy: the national standing committee said to make good use of government bonds, expand effective investment and start new water conservancy projects. 3) Real estate: Shanghai Branch of the people's Bank of China said that financial institutions should not blindly limit loans, withdraw loans, cut off loans and suppress loans; Since March, six cities, including Zhengzhou, Harbin, Qingdao, Fuzhou, Quzhou and Qinhuangdao, have relaxed or cancelled the purchase and sale restrictions. 4) Economy: in March, the PMI of Caixin manufacturing fell by 2.3 percentage points to 48.1; Hu Chunhua said that every effort should be made to achieve the goal of stabilizing foreign trade. 5) Epidemic situation: Sun Chunlan said to go to war as quickly as possible to control the spread of the epidemic in the shortest time. 6) China and the United States: the Ministry of Commerce said that at present, the economic and trade teams of China and the United States maintain normal communication.
Overseas: high inflation, European and American game waiting for results. 1) Monetary policy: the Federal Reserve of San Francisco Daly said that it is more and more likely that the Federal Reserve will announce a 50 basis point interest rate increase at the FOMC meeting in May. 2) Inflation: CPI in the euro zone rose 7.5% year-on-year in March, higher than 5.8% in February; Germany's CPI rose 7.3% year-on-year in March. 3) Economy: 431000 new non farm jobs were created in the United States in March, 95000 in January and February, and the unemployment rate fell from 3.8% to 3.6%; There were 11.266 million job vacancies in jolts in the United States in February. 4) Resources: Russia and India have implemented ruble rupee trade payment mechanism; Russia announced that "unfriendly" countries to Russia pay gas payments in rubles; The United States announced a strategic oil reserve release plan of 180 million barrels, with an average of 1 million barrels per day (50 million barrels were released in November last year and 30 million barrels in March this year). 5) Policy: the United States announced new sanctions against Iran; The US Senate passed a US $52 billion chip subsidy bill.
