Last week, Europe and the United States **generally**,France's CAC40, Germany's DAX, Europe's STOXX50, Dow Jones Industrial Index, and S&P 500 all hit record highs last week. U.S. technology stocks continued, with Microsoft, Apple, Google-A, Nvidia, Amazon, and Meta increasing their market capitalization by $329.8 billion (2.0 billion yuan) last week37 trillion yuan). Chinese assets continued**, the Nasdaq China Golden Dragon Index last week **170%, the Shanghai Composite Index rose nearly 5% last week, and the total market value of A-shares increased by 4% last week11 trillion yuan. This week, China will release its February PMI data, the United States will release the key inflation data - the January PCE price index, and Japan will release the January CPI year-on-year and month-on-month data. In addition, popular Chinese concept stocks such as NetEase, and Li Auto will announce their latest financial reports one after another. Most stock indexes in Europe and the United States hit new highsThe market value of the six major technology giants increased by more than 2 trillion yuanOver the past week, major European stock indices have been in the majority**. French CAC 40 Index**256%, German DAX index **176%, European STOXX50 Index**224%, except for the UK FTSE 100**0With the exception of 07%, the other three indexes all hit record highs last week. All three major U.S. stock indexes**. The Dow Jones Industrial Average, Nasdaq, and S&P 500 were each last week66%, the Dow Jones Industrial Average and the S&P 500 hit record highs last week. Most of the large technology stocks in the U.S. stock market**. Microsoft, Apple, Google-A, Nvidia, Amazon, Meta last week respectively**37%, the market value increased by US$46.7 billion, US$3.2 billion, US$42.8 billion, US$152.9 billion, US$56.9 billion, and US$27.3 billion respectively last week, with a total increase of US$329.8 billion (equivalent to RMB 2.8 billion37 trillion yuan). Tesla**399%。
*: Choice For U.S. technology stocks, Goldman Sachs said that the rally in technology stocks will continue in the short term. The current NASDAQ trades at 35 times earnings, compared to 90 times during the tech bubble of the late 90s. As for the soaring Nvidia, Deutsche Bank believes that the fundamental momentum in the near and medium term is still favorable to Nvidia's development, but the earnings potential has been fully reflected in the current valuation. China Assets Across the Board**Last week, Chinese assets across the board**. NASDAQ China Golden Dragon Index**170%, among the popular Chinese concept stocks, Alibaba rose nearly 3%, NetEase rose nearly 1%, rose nearly 4%, Li Auto rose nearly 10%, Ctrip rose more than 14%, and Huazhu rose more than 6%. 
*: Choicea** field was also fully available last week**. The Shanghai Composite Index, the Shenzhen Component Index, and the ChiNext Index respectively this week81%, the Shanghai Composite Index stood above 3,000 points. Last week, nearly 300 ** rose by more than 30%, and the most ** ticket Weihaide rose by 20% for 5 consecutive trading days, with a total of 14877%。Wind data shows that as of February 23**, the total market capitalization of A-shares was 8162 trillion yuan, the total market value of A-shares increased by 4 last week11 trillion yuan. CICCHe said that considering that the current valuation of the A** market is still at the bottom of the historical position, it is at a significantly low level compared with the global market, and the vertical and horizontal comparisons have good investment attractiveness, and the above positive factors will still help to continue to boost investor confidence. At this point in time, the repair** from the beginning of February to the present is still expected to continue. Blockbuster data will be releasedPopular Chinese concept stocks will issue financial reportsThis week, there are a lot of blockbuster events and data, China will release the February PMI data, the United States will release the January PCE price index, the fourth quarter GDP and PCE revisions, and the European Union Committee on Economic and Fiscal Affairs will release the final value of the euro area's economic and industrial service industry prosperity index and consumer confidence index in February. In addition, popular Chinese concept stocks such as NetEase, and Li Auto will announce their latest financial reports one after another. Specifically, on March 1, the National Bureau of Statistics will release China's official manufacturing non-manufacturing composite PMI for February. On February 28, the U.S. Bureau of Economic Analysis will release the annualized QoQ revision of PCE for Q4 and will release the Q4 APE annualized QoQ revision for real GDP. On February 29, the US Bureau of Economic Analysis will publish the PCE price index for January. As the Fed's preferred PCE data, the February PCE price index will be the last key reference data before the March FOMC meeting. Federson, Cook, Waller and many other executives of the Federal Reserve have recently intensively "hawked", saying that they still need to see more evidence of inflation falling before they can support interest rate cuts. In addition, the Federal Reserve will also release a series of blockbuster economic data during the week: building permits and new home sales data for January on Monday, durable goods orders and consumer confidence index on Tuesday, annualized quarter-on-quarter revised GDP for the fourth quarter on Wednesday, goods ** account, Chicago PMI and existing home sales data on Thursday, ISM manufacturing index and final University of Michigan consumer sentiment index on Friday. On February 28, the European Union's Committee on Economic and Fiscal Affairs announced the final values of the eurozone's economic, industrial, and service industry prosperity index and consumer confidence index for February. On February 27, Japan's Ministry of Internal Affairs and Communications will release the year-on-year and month-on-month CPI data for January. On March 1, South Korea will release year-on-year data on imports and exports for February. In terms of popular financial reports, on February 26, Li Auto and Li Auto-W will announce their Q4 financial reports for 2023. On February 28, the 2023 Q4 financial report will be announced before the U.S. stock market, and the group-SW and the group-SWR will announce the 2023 Q4 financial report after the Hong Kong stock market. On February 28, NetEase-S will announce its Q4 2023 financial report. On February 29, NetEase will announce its Q4 2023 financial report. Reviewer: Wang Chao Editor: Zhang Nan Zhang Jing Proofreader: Jiao Yuanyuan Issued: Wen Zhaolin