Group 1 - Postal Savings Bank of China plans to invest 10 billion RMB to establish a financial asset investment subsidiary [1] - Precision Steel Structure has signed a contract for the Saudi Arabia World Cup venue project worth approximately 550 million RMB [1] - Anker Innovations is researching and evaluating equity financing in the Hong Kong capital market to enhance its global strategy [1] Group 2 - Zhongrong Electric plans to invest 1.141 billion RMB in the construction of the Sinok New Energy Technology Park [1] - Kesi Co., one of the actual controllers, plans to reduce its stake by up to 3% [1] - Huicheng Vacuum's shareholder plans to reduce its stake by up to 3% [1] Group 3 - Zhongchong Co. plans to reduce its stake by up to 1.5% due to shareholder funding needs [1] - Tailin Bio's controlling shareholder plans to reduce its stake by up to 1.5% [1] - Taiji Group intends to repurchase shares worth between 80 million and 120 million RMB [1] Group 4 - Guosheng Pharmaceutical's innovative hepatitis B drug GST-HG131 has been included in the breakthrough treatment list but does not guarantee market approval [2] - Zhongchen Technology's revenue from humanoid robot-related products accounts for less than 1% of total revenue [2] - Baoxiniang's director has reduced his stake by 46,880 shares [2] Group 5 - Hesheng Silicon Industry's controlling shareholder is transferring 5.08% of shares at a price of 43.9 RMB per share [2] - ST Zhongdi's controlling shareholder's shares will be judicially disposed of due to a financial dispute [2] - Baogang Co. plans to produce 390,000 tons of rare earth concentrate in 2025 [2] Group 6 - Shanghai Wumao's stock has hit the limit up for four consecutive trading days, with a cumulative increase of 46.45% [2] - Donghu High-tech's shareholder plans to reduce its stake by 1.26% [2] - Pinggao Electric has won bids from the State Grid totaling approximately 1.45 billion RMB [2] Group 7 - Toxin Pharmaceutical plans to invest 10 million RMB in Jiangsu Jinsan Biotechnology [2] - Fule New Materials' shareholder plans to reduce its stake by up to 1.33% [3] - Jindi Co. plans to invest 1.5 billion RMB to establish a subsidiary in Chongqing [3] Group 8 - Bihua Co.'s director has reduced his stake by 424,000 shares [3] - Shangfeng Cement's controlling shareholder has released a pledge on 1.24% of shares [3] - Pinming Technology expects a net profit increase of 231.79% to 302.89% for the first half of 2025 [3] Group 9 - CanSino has received approval for clinical trials of its trivalent polio vaccine [3] - Wili Transmission's president has resigned for personal reasons [3] - ST Jinglun expects a net loss of 19 million to 22 million RMB for the first half of 2025 [3] Group 10 - Hainan Mining's memorandum of understanding with AJLAN & BROS COMPANY FOR MINING has been terminated [3] - Sheneng Co. reported a 1.7% decrease in power generation for the first half of 2025 [3] - Zhejiang Energy Power's power generation increased by 4.48% in the first half of 2025 [4]

Group 1: Inflation and Economic Outlook - Goldman Sachs indicates that potential inflation in the U.S. remains relatively mild, although price pressures are expected to increase during the summer months, with July and August CPI reports being critical [1] - BlackRock notes that the U.S. CPI shows early signs of tariff-driven price increases, particularly in household appliances and entertainment products, suggesting that the full impact of tariffs has yet to materialize [1] - Bank of America reports that 38% of investors view a trade war-induced global recession as the biggest tail risk event, while 20% cite inflation hindering Fed rate cuts as the second-largest risk [3] Group 2: Investor Sentiment and Market Trends - Bank of America finds that 34% of investors believe shorting the dollar is currently the most crowded trade, marking a shift from previous preferences for gold [4] - A significant 59% of investors now believe a recession is unlikely, a notable change from 42% in April, with 65% expecting a soft landing for the economy [5] - Bank of America also reports a record increase in investor positions in euros, with a net 20% of investors overweight in euros, the highest since January 2005 [6] Group 3: Sector-Specific Insights - ING analysts expect the Eurozone economy to receive some support from a rebound in factory output, driven by preemptive stockpiling ahead of anticipated U.S. tariffs [7] - ING also warns that if France fails to implement spending cuts to reduce the budget deficit, the euro may face downward pressure [10] - Citic Securities highlights the investment value in the energy storage sector, driven by ongoing market reforms and the establishment of a capacity pricing mechanism [13]

自那时起，以色列利用其北部邻国的安全真空，夺取了沿边境的领土。它还在叙利亚境内发动了多次空 袭，目标是军事基础设施，以及其他据称旨在保护德鲁兹社区的行动。 土耳其和阿拉伯官员批评了以色列的军事干预，称其破坏了沙雷在经历近14年内战后为稳定这个拥有多 个教派的国家所做的努力。叙利亚新政府曾表示不希望与邻国发生冲突，并在最近这次暴力爆发前，一 直与以色列举行会谈以缓解紧张局势。 在以色列周三发动空袭的同时，以色列国内的德鲁兹领袖—呼吁以色列进行"能够挫败在叙利亚南部活 动的谋杀势力的空袭"。 以色列周三轰炸了位于大马士革的叙利亚军事总部入口，这是其在该邻国空袭行动的一次重大升级。以 色列军方还在叙利亚南部进行了打击，那里德鲁兹派武装分子和贝都因部落之间的暴力冲突近几天愈演 愈烈，已造成数十人死亡，并引来了叙利亚安全部队的介入。 德鲁兹领袖们在一份声明中说，"如果不采取果断行动，我们与以色列国之间的危机将以一种危险且前 所未有的方式加深。沉默和袖手旁观已不再可能。" 以色列对叙利亚国防部的打击发生在以色列国防部长以色列·卡茨（Israel Katz）要求叙利亚政府从宗派 暴力集中的叙利亚南部苏韦达省（Sweida） ...

从咖啡、音响设备到家居用品，一系列商品价格上涨推动6月通胀升温，经济学家认为这证明特朗普政 府加征的对等关税成本正转嫁给消费者。 美国6月整体消费者价格指数（CPI）环比上涨0.3%，折合年率约3.5%，而5月涨幅仅为0.1%。 但她补充说，企业和家庭部门的强劲资产负债表可能有助于吸收冲击。"企业通过压缩利润率、消费者 维持支出的能力，或在一定程度上缓解关税冲击，"柯林斯强调，"因此其对劳动力市场和经济成长的负 面影响可能受限。" 特朗普在社交媒体宣称物价"很低"，并再次呼吁美联储降息。事实上，6月消费者价格水平较特朗普第 二任期开始前的去年12月已上涨1.2%。 白宫新闻秘书卡莱维特称，剔除食品能源的核心通胀低于预期"证明特朗普总统正在稳定通胀"。 "家居、娱乐和服装等品类涨价表明关税效应正缓慢渗透，"Principal Asset Management全球首席策略师 西玛·沙阿（Seema Shah）写道，"美联储至少再观望几个月才是明智之举。" 经济学家表示，他们预计随着关税影响的滞后效应被企业传导，今夏通胀将加速。6月数据尤其暗示， 政策制定者可能更倾向于暂缓降息，直到获得更多信息。 虽然关税引发的价 ...

Core Viewpoint - The article discusses the potential political influence on the Federal Reserve, particularly regarding President Trump's request for significant interest rate cuts, which could undermine the Fed's dual mandate and lead to higher long-term costs for Americans [1][2][3]. Group 1: Federal Reserve's Independence - There are concerns that the White House may seek to replace Fed Chair Powell with someone more aligned with government preferences, which could have profound implications for the U.S. economy and living costs [1][2]. - A politically influenced Federal Reserve may struggle to fulfill its dual mandate effectively, potentially leading to disastrous outcomes if markets perceive it as catering to political interests [1][3]. Group 2: Interest Rate Dynamics - Trump has requested the Fed to lower the federal funds rate target to around 1% to 2%, which exceeds the bounds of the Fed's dual mandate given the current unemployment rate of 4.2% and a core PCE inflation rate of 2.7% [2][3]. - The Taylor Rule suggests that nominal interest rates should be set around 4.1%, indicating that significant cuts could stimulate faster inflation before reaching the target levels [2][4]. Group 3: Long-term Interest Rates - The Fed primarily controls short-term rates, while long-term rates depend more on investor expectations regarding future inflation and economic growth [3][4]. - If investors believe the Fed is politically compromised, they may demand higher yields on long-term bonds, increasing borrowing costs for consumers [4][5]. Group 4: Economic Implications - A politically compromised Fed could lead to higher living costs and lower living standards for Americans, as inefficiencies in achieving the Fed's mission would result in higher prices for everyday goods and services [5]. - Historical lessons indicate that a politically influenced Fed is less efficient, emphasizing the need for the Fed's independence to maintain lower inflation and stable economic growth [5].

自去年11月4日当选以来，美国总统特朗普在社交媒体上足以搅动市场的言论，已让交易员、投资者乃 至记者们时刻保持警惕。 此后，他的社交媒体活动一直保持在高位，直到下午6点时段结束。特朗普的社交媒体帐号似乎只在凌 晨1点后才开始放缓，然后在早上6点后又重新活跃起来，自他当选以来，这些时段每小时都记录了约 100条帖子。 数据还显示，自大选以来，特朗普仅在2024年11月6日这一天没有在他的"真相社交"平台上发帖。 CNBC的分析还揭示，这位"社交媒体总统"自当选以来，平均每天发布15.7条帖子。在3月10日，特朗普 在社交媒体上发帖最多，达到139条，其中大部分是转发和分享他人的内容。当天，特朗普就从移民到 减税、关税等广泛话题发表了帖子。 CNBC的分析未考虑特朗普可能因在海外旅行而身处不同时区的情况。 CNBC对特朗普"真相社交"平台的数据分析显示，自去年11月4日当选以来，特朗普在一天中的每一个 小时都曾发过帖子。华盛顿特区时间的凌晨3点似乎是这位"从不睡觉的总统"唯一慢下来的时段。然 而，即使是在深夜，特朗普自去年11月4日以来也发布了10条帖子，这是全天所有时段中发帖量最低 的。 不幸的是，对于投资者来 ...

据熟悉相关流程的人士透露，在特朗普总统任职时间最长的经济助理之一凯文·哈塞特，是明年接替鲍 威尔担任美联储主席的早期领跑者。 知情人士称，国家经济委员会主任哈塞特和前美联储理事凯文·沃什是这场由特朗普在白宫主导的"学徒 式"竞赛中的两位顶级竞争者。 财政部长贝森特正在为这一遴选提供建议，但如果其他人未能给特朗普留下深刻印象，他自己也可能获 得这份工作；而现任美联储理事沃勒仍然是黑马。 华盛顿研究公司Beacon Policy Advisers的Stephen Myrow认为，这正是在特朗普的世界里生存所必需 的。 "任何在特朗普手下幸存这么久的人，他们都不是带着自己想要推进的意识形态来的，"Myrow说。"他 们不是去服务于某个货币思想流派的，他们是去服务于特朗普的。" 仍有待观察的是，这种服务精神将如何应用于下一任美联储主席，这可是一个理应与政府优先事项隔离 开来的职位。 这也是一个价值数万亿美元的问题。经济学家们表示，自主的央行更善于抑制通胀，因此一位被视为对 白宫默许的美联储主席可能会引发国债市场的暴跌。特朗普解雇鲍威尔的威胁，加剧了他贸易战所引发 的金融紧张。 特朗普则采取了相反的策略，认为过高的美联 ...

Core Viewpoint - ASML warns that it may not achieve growth in 2026 despite exceeding expectations for Q2 revenue and profit [2][4] Financial and Performance Outlook - ASML expects Q3 revenue to be between €7.4 billion and €7.9 billion, lower than the market expectation of €8.3 billion [3] - The company has narrowed its 2025 full-year net sales growth forecast to 15%, implying revenue of approximately €32.5 billion [3] 2026 Outlook - ASML's CEO Christophe Fouquet expresses uncertainty about the 2026 outlook due to increasing macroeconomic and geopolitical uncertainties, despite strong fundamentals from AI customers [4] Q2 Performance - For Q2, ASML reported net sales of €7.7 billion (approximately $8.95 billion), exceeding the expected €7.52 billion, and net profit of €2.29 billion, surpassing the forecast of €2.04 billion [5] - The company recorded actual net orders of €5.5 billion for the April to June period, compared to the expected €4.19 billion [6] AI Demand Impact - AI-related chip demand is a significant driver for EUV equipment, which is essential for manufacturing advanced chips for companies like Apple and Nvidia [7][8] - ASML has launched the next generation of EUV equipment, High NA tools, which are crucial for future growth plans, with each unit priced over $400 million [8]

Group 1 - CEO Jensen Huang praised China's AI models as "world-class" and emphasized the importance of the Chinese market for NVIDIA, committing to continued investment in the region [1] - Huang highlighted that AI will revolutionize traditional manufacturing by enabling collaboration between humans and AI, leading to a new industrial revolution and growth opportunities [1] - NVIDIA is closely collaborating with Xiaomi in multiple fields, and Huang expressed strong interest in Xiaomi's electric vehicles, noting the impressive advancements in China's electric vehicle sector over the past five years [1] Group 2 - Huang stated that AI has become a new infrastructure, comparable to electricity and the internet, reshaping global supply chains and altering the design, production, and transportation of goods [2] - He acknowledged the rapid development of AI in China, specifically mentioning companies like Tencent, NetEase, and Alibaba, and noted that over 1.5 million developers in China are using NVIDIA technology to drive innovation [2] - Huang praised the open-source model adopted by Chinese companies, which fosters international cooperation and the establishment of AI safety standards, citing the Kimi K2 model as an example of surpassing OpenAI's ChatGPT [2] Group 3 - AI is transforming every industry and driving various sectors of Chinese consumer technology, including platforms like WeChat, Taobao, and Meituan, all of which rely on AI [3] - NVIDIA is preparing to resume shipments of the H20 chip to China, which had been halted due to U.S. export restrictions, significantly impacting NVIDIA's market share in China [3] - Following the announcement, NVIDIA's stock price rose by 4.04%, reaching $170.7, with a market capitalization increase of $161.8 billion (approximately 1160.5 billion RMB) [3]

Group 1 - Morgan Stanley, Goldman Sachs, and UBS suggest that gold is one of the best investment options following the recent tariff announcements by the Trump administration [1] - Morgan Stanley's analysts expect a weaker dollar to benefit commodities and rising US inflation to attract funds into precious metals, with Chinese policies potentially acting as a bullish factor [1][2] - Morgan Stanley has raised its fourth-quarter gold price target to $3,800 per ounce, citing support from central bank and investment demand, a weaker dollar, ETF inflows, and ongoing geopolitical and macroeconomic uncertainties [3] Group 2 - Goldman Sachs reaffirms its forecast that gold prices will reach $3,700 per ounce by the end of the year and rise to $4,000 by mid-2026, supported by central bank and ETF inflows [3][4] - UBS recommends buying gold as a hedge against policy risks, despite viewing the recent tariff increases as a negotiation tactic [4] - UBS analysts predict that the effective US tariff rate will stabilize around 15%, which is less than the recently announced rates of 30% to 35%, supporting continued gains in the S&P 500 [4]