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The U.S. stock market Q1 earnings season is approaching. Next week, pay close attention to earnings reports from certain exchanges and economic data, including China’s March trade balance and year-on-year industrial output above the designated scale for March. U.S. March PPI year-on-year data will also be released next week. In addition, the State Council Information Office will hold a press conference next week on the operation of the national economy. Several Federal Reserve officials are scheduled to deliver speeches next week, so please stay tuned. For the complete individual stock earnings calendar, please check the Meigang Telecommunication APP - Calendar. Click to view...

Glonghui April 10｜Compass Point has downgraded Circle's rating from "Neutral" to "Sell", with the target price slightly reduced from $79 to $77, citing the risk of margin compression.

```htmlGolden Ten Data reported on April 10 that JPMorgan analysts stated that if cargo transportation through the Strait of Hormuz cannot be fully restored until July, oil prices are likely to test wartime highs. The analysts noted that the market is currently pricing in a rapid reopening of this waterway, expecting to see about half of normal traffic resume in May and a complete recovery in June. However, "if it takes until July to gradually return to 100% of pre-war levels, there could be an upward price risk of $15 to $20 per barrel." According to the analysts, as of April 9, an estimated 346 energy-related vessels remain trapped in the Persian Gulf, including 241 that are already loaded. These vessels are carrying a total of 104 million barrels of crude oil and condensate, 1.3 million tons of liquefied natural gas, and 5.5 million barrels of liquefied petroleum gas.```