芝加哥小麦期货上涨，延续近日上行态势，因伊朗战事可能进一步推高农户的能源和化肥成本，同时美国农田还受到不利天气影响。 中东地区周末期间的导弹袭击不断，伊朗及其代理人向美国盟友发动打击。随着战争进入第二个月，市场对战争升级的担忧进一步加剧。这些袭击以及霍尔木兹海峡事实上被封锁，抑制了该地区化肥和燃料外运，推高了全球农户的投入成本。 美国大平原地区持续干旱，也对小麦价格形成支撑，并威胁这一关键产区的产量。美国国家气象局周一表示，本周初，西部部分地区至大平原地区预计将出现“异常温暖、干燥且多风”的天气。 周一，芝加哥期货交易所小麦期货一度上涨1.2%，随后回吐部分涨幅。 CRM AgriCommodities在周五的一份报告中表示：“谷物和油籽受到这场战争直接冲击的程度相对有限。但如果冲突从几周拖长至数月，其对供应链的影响不容低估。” 责任编辑：刘明亮

To see or not to see, that is the question How much information does a sentence need to contain in order to be readable? That’s the idea behind today’s puzzles. Listed below are ten common phrases or sayings in the English language. Each letter is replaced by a box the same width and height as the letter. Can you work out what they are? Continue reading...

Hong Kong stocks dropped on Monday as escalating tensions in the Middle East sent oil prices to recent highs. Over the weekend, Yemen’s Iran-backed Houthi rebels launched attacks directly on Israel, which intensified strikes on Tehran. The US has also deployed additional military forces to the Middle East. The escalation pushed up oil prices, with Brent crude jumping as much as 3.7 per cent to US$116.80 a barrel, its highest in more than a week, while West Texas Intermediate rose to US$101 a...

格隆汇3月30日｜华源证券研报指出，青岛啤酒2025年业绩实现稳健增长，盈利能力持续提升。2025年，公司实现啤酒收入318.3亿元，同比增长0.79%，实现啤酒销量764.8万吨，同比增长1.46%，对应吨价4161.8元/吨，同比-0.66%。区域市场方面，公司进一步巩固提升沿黄传统优势市场盈利能力和份额；北方市场连片发展效应日益凸显；南方市场则依托产品结构优化与渠道突破，稳步推进高质量发展。在行业整体销量承压的背景下，公司仍旧实现销量、结构双增长，彰显经营韧性。成本改善贡献毛利增长，重视股东回报提升分红率。考虑到公司当前经营韧性较强，且重视股东回报，分红率不断提升，维持“买入”评级。

受强对流天气影响，航旅纵横机场页面显示，3月30日广州白云机场大面积延误，航班延误比例达88%。广州白云机场目前为国内临时取消航班量最多的机场。航班管家数据显示，截至中午深圳宝安机场进港航班延误率为41.46%，备降航班12班次。（第一财经）

格隆汇3月30日｜巴基斯坦KSE-100指数下跌3%至147213点。

现货黄金站上4530美元/盎司，日内涨0.83%。纽约期金站上4560美元/盎司，日内涨0.83%。

以色列议会批准了2026年政府预算，其中包括一笔高额国防补充预算，用于应对与伊朗的战争，相关资金将通过进一步举债以及削减民事开支来筹措。 这项支出计划于周一早上以62比55的投票结果获得通过，总额为6990亿谢克尔（2220亿美元），并将赤字目标设定为国内生产总值（GDP）的4.9%。 国防开支是其中最大单项，高达1430亿谢克尔，较加沙战争爆发前的2023年预算增长了约120%。另有60亿谢克尔被预留出来，以备应付伊朗战争相关费用或其他军事需求，使得补充国防预算至少达到380亿谢克尔，约占GDP的2%。 推荐阅读： 以色列在加沙停火后首次发行国际债券 融资60亿美元 内塔尼亚胡上周在一段视频声明中表示：“这场战争耗资巨大，因此我们需要一项特别预算，包括数百亿谢克尔，以增加国防开支。” 国防预算激增，将需要扩大财政赤字。不过，在以色列的银行同意一次性向国库缴税约30亿谢克尔之后，赤字率预期已从5.1%下调。 预算案获批，让内塔尼亚胡内阁将得以存续。因为根据以色列法律，如果预算案未能在3月31日前通过，政府将自动垮台。 责任编辑：刘明亮

UWMC Friday said that its proposed acquisition of Two Harbors Investment ended after TWO signed a new merger agreement with CrossCountry Mortgage, replacing the earlier deal with UWM Holdings. “The actions by TWO’s management and board do not reflect the best interests of their shareholders. The same team that had to settle a $375 million lawsuit this past summer is at it again. TWO’s decision appears to be driven more by ego, than by sound judgment," the company said in a statement. "The deal for us was a strategy to acquire their servicing book, not their operations, as ultimately there are no operational efficiencies to gain — UWMs operations are best in class," it said. More on UWM Holdings, Two Harbors Investment Two Harbors: New Takeover Offer Provides A Lifeline UWM Holdings Corporation 2025 Q4 - Results - Earnings Call Presentation UWM Holdings Corporation (UWMC) Q4 2025 Earnings Call Prepared Remarks Transcript Two Harbors terminates UWM deal for CrossCountry's superior $10.80 per share offer Two Harbors deems CrossCountry's $10.70/share proposal 'superior' to UWM Holdings'

伊朗能源部副部长Mostafa Rajabi Mashhadi对国家电视台表示，德黑兰及邻近阿尔博兹（Alborz）省因夜间袭击造成的停电问题已得到解决，国家电网稳定。 半官方的法尔斯通讯社昨晚报道，受损设施包括阿尔博兹省的一座高压电塔和德黑兰东部的杜森塔佩变电站。 责任编辑：刘明亮

格隆汇3月30日｜A股银行股逆势上涨，其中，厦门银行涨近4%，工商银行涨超2%，中国银行、重庆银行、交通银行、建设银行、上海银行涨超1%。

Shutthiphong Chandaeng/iStock via Getty Images At a glance Performance The Fund returned 4.75% and the Russell 2500™ Growth Index returned 0.33%. Contributors/detractors Stock selection in the healthcare sector contributed to relative performance. Stock selection in the real estate sector detracted. Outlook We see a favorable environment for small-cap stocks, given their attractive relative valuations and a more accommodative backdrop for mergers and acquisitions. Investment environment • Stocks rose in the fourth quarter on positive corporate earnings news and hopes for Federal Reserve (Fed) rate cuts. The Fed followed up a September rate cut with two 25 basis-point (bp) rate cuts, in October and December, respectively. • Economic growth remains resilient despite policy headwinds and slower-than-expected job growth. Inflation also has been relatively subdued. • The quarter saw some recalibration of the exuberance around artificial intelligence (AI) that characterized the market in 2025. As a result, we saw a broadening of the market and renewed focus on fundamentals, which benefited our fundamentals-driven investment approach. Portfolio review We were pleased to see many of our investments rewarded during the period, especially in the healthcare sector. Praxis Precision Medicines, a top performer, is a clinical-stage biopharmaceuticals company that uses genetic information to develop treatments for central-nervous-system conditions. The company has gained more attention from investors after reporting positive late-stage trial results for several products. These included Vormatrigine, an investigational anti-seizure medication that has shown effectiveness in addressing treatment-resistant epilepsy. Even with recent outperformance, the stock trades at a discount to its peers. Given that Praxis has multiple products in late-stage trials, we see several potential catalysts that could drive further investor interest in the company. Globus Medical was another contributor...

格隆汇3月30日｜日本央行行长植田和男周一在日本国会公开表示，日本央行将密切关注日元的走势，因为这会影响经济和物价。他暗示，由于中东冲突加大日本国内通胀压力，且日元持续疲软导致进口成本上升，未来几个月可能会考虑提高利率。此番言论发布之际，日元兑美元汇率走势较为疲软，汇价已经跌破1美元兑160日元，创下自2024年7月以来的最低点。

Adelle Nazarian of Innovexus Consulting warns that an escalation extending to US boots on the ground in Iran is increasingly likely, with neither the US or Iran in a position to back down. She speaks after President Donald Trump said that Iran “gave” the US most of the 15 demands it issued to Tehran to end the war, even as it remains unclear whether either side is negotiating. (Source: Bloomberg)

格隆汇3月30日｜美银证券发表研报指，海底捞去年业绩表现参差，收入按年增长1%至432亿元，符预期；但税后纯利按年跌14%至41亿元，较市场预期低5%。该行指出，虽然海底捞今年以来翻桌率有所回升，但毛利率压力或持续至2026年，拖累盈利增长。目前评估子品牌贡献仍言之尚早，因经营记录有限。考虑到相关因素，该行将海底捞今明两年每股盈利预测分别下调6%及7%，目标价下调8%至15.1港元，重申“中性”评级。

离岸人民币兑美元升破6.91，日内涨0.1523%。

近日，阿里巴巴达摩院与医疗装备企业东软医疗签署战略合作协议。双方将依托东软医疗的先进CT设备以及覆盖全球130余个国家的供应链体系，深度融合达摩院“平扫CT+AI”技术，共同推动多癌早筛AI普及。（阿里达摩院）

Europe's leading AI provider Mistral has raised $830 million in new ‌debt to buy 13,800 Nvidia chips for a major ‌data centre near Paris, the firm told Reuters, as Europe races to scale AI ​infrastructure to compete with the U.S. and China. The deal, set to be announced on Monday, marks Mistral's first debt raising and underscores growing investor confidence in European AI firms as they seek to ‌challenge the dominance of ⁠U.S. tech giants like Microsoft, Google and Amazon in cloud computing and AI services. Mistral's debt raising was ⁠financed by a consortium of seven banks, including BNP Paribas, Crédit Agricole CIB, HSBC and MUFG, it said.

Middle East conflict enters fifth week as Israel strikes Tehran and Saudi Arabia intercepts nearly a dozen drones after Yemen’s Houthis join the fighting. (Source: Bloomberg)

格隆汇3月30日｜欧洲航空安全监管机构负责人警告称，因冲突导致可用空域收窄，相关风险正在上升。我们有能力降低航空风险。

格隆汇3月30日｜据以色列国防军称，一枚从伊朗发射、瞄准以色列南部的弹道导弹可能已被拦截。这是自今晨以来的第四次袭击。迪莫纳地区曾响起警报，目前暂无人员伤亡报告。

Ross Gerber Slams Tesla's FSD For Being 'Level 2' As Gary Black Decries Marketing Strategy: 'You Still Basically Have...' Benzinga

格隆汇3月30日｜花旗发表报告，虽然去年营运环境充满挑战，中信股份仍录得净利润按年增长1%至587亿元，较该行预期高2%。派息比率由27.5%提高至29%，较指引高出1个百分点，该行相信管理层仍致力按先前指引在2026年再次提高派息比率，前提是没有出现不可预见的情况。该行指，中信股份持续拓展海外业务，并实现有效成本控制，去年成本对收入占比下降2个百分点至36.4%。该行将其目标价由13港元上调至13.4港元，维持“买入”评级，预计2026年股息收益率约6%，可为投资者提供显著下行保护。