Market Analysis - The market experienced a continuous decline after a rebound, with the ChiNext index leading the drop. The overall market saw more than 4,100 stocks decline, with a trading volume of 722.3 billion, down 60 billion from the previous trading day [3][5] - The sectors that performed well included CRO, precious metals, innovative drugs, and pork stocks, while AI hardware and CPO concept stocks faced significant declines [3][5] Data Insights - As of August 1, the financing balance on the Shanghai Stock Exchange was 742.794 billion, an increase of 0.897 billion from the previous trading day. The Shenzhen Stock Exchange's financing balance was 672.146 billion, up by 1.373 billion, bringing the total financing balance for both exchanges to 1,414.94 billion, an increase of 2.27 billion [4] Investment Advisory Views - The trading volume has decreased again, with two consecutive days below 800 billion, indicating a lack of conditions for further rebounds. The Shanghai Composite Index faced resistance near the 2,950-point mark and has fallen below the 5-day and 34-day cost moving averages, indicating a bearish trend [5] Concept Highlights - The low-altitude economy is gaining traction, with Shenzhen's development conference aiming to enhance the industry's competitiveness. By 2025, the city plans to have over 75% of the low-altitude airspace below 120 meters open and over 1,000 commercial flight routes established. The low-altitude economy is projected to exceed 1 trillion by 2026, with significant contributions to the national economy expected by 2025 [6] Key News - China's successful launch of the high-orbit satellite for internet services marks a significant milestone, with the satellite entering its designated orbit. This event is expected to accelerate the growth of the satellite internet market, which is becoming a strategic national project [7] - In Q2 2024, global silicon wafer shipments increased by 7.1% quarter-on-quarter, reaching 3,035 million square inches, although down 8.9% year-on-year. The demand is driven by data centers and generative AI products, indicating a recovery in the silicon wafer market [7]

偶倒 0680 （本刊物为中风险等级产品，敬请投资者参阅正文后的免责声明） 2024 年第 139 期，总第 1698 期（电子版） 2024 年 7 月 31 日 星期三 | --- | --- | --- | |----------------|--------------|-----------| | | | | | | 沪深指数 | | | | 收盘(点) | 涨跌幅(%) | | 上证指数 | 2879.3 | -0.43 | | 深证成指 | 8468.58 | -0.54 | | 中小 100 | 5465.49 | -0.68 | | 创业板指 | 1630.95 | -0.29 | | 沪深 300 | 3369.38 | -0.63 | | | 海外市场指数 | | | | 收盘(点) | 涨跌幅(%) | | 道琼斯 | 40743.33 | 0.5 | | 纳斯达克 | 17147.42 | -1.28 | | 标普 500 | 5436.44 | -0.5 | | 英国富时 100 | 8274.41 | -0.22 | | 日经 225 | 38089.83 | -1.13 | | ...

偶倒 0680 （本刊物为中风险等级产品，敬请投资者参阅正文后的免责声明） 2024 年第 140 期，总第 1699 期（电子版） 2024 年 8 月 1 日 星期四 收盘(点) 涨跌幅(%) 美元离岸人民币 7.2184 -0.13 | --- | --- | --- | |--------------|--------------|-----------| | | | | | | 沪深指数 | | | | 收盘(点) | 涨跌幅(%) | | 上证指数 | 2938.75 | 2.06 | | 深证成指 | 8754.09 | 3.37 | | 中小 100 | 5629.55 | 3 | | 创业板指 | 1688.14 | 3.51 | | 沪深 300 | 3442.08 | 2.16 | | | 海外市场指数 | | | | 收盘(点) | 涨跌幅(%) | | 道琼斯 | 40842.79 | 0.24 | | 纳斯达克 | 17599.4 | 2.64 | | 标普 500 | 5522.3 | 1.58 | | 英国富时 100 | 8367.98 | 1.13 | | 日经 225 | ...

偶倒 0680 （本刊物为中风险等级产品，敬请投资者参阅正文后的免责声明） 2024 年第 141 期，总第 1700 期（电子版） 2024 年 8 月 2 日 星期五 美元离岸人民币 7.2485 -0.02 欧元兑美元 1.0787 -0.05 | --- | --- | --- | |--------------|---------------------|-----------| | | 沪深指数 \n收盘(点) | 涨跌幅(%) | | 上证指数 | 2932.39 | -0.22 | | 深证成指 | 8673.58 | -0.92 | | 中小 100 | 5581.14 | -0.86 | | 创业板指 | 1665.97 | -1.31 | | 沪深 300 | 3419.27 | -0.66 | | | 海外市场指数 | | | | 收盘(点) | 涨跌幅(%) | | 道琼斯 | 40347.97 | -1.21 | | 纳斯达克 | 17194.15 | -2.3 | | 标普 500 | 5446.68 | -1.37 | | 英国富时 100 | 8283.36 | -1.01 ...

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江苏州光报告 條竹/非條金融 报告日期：2024 年 07 月 29 日 央行降息低利率环境下 银行高股息价值进一步凸显 金融局报 华龙证券研究所 投资评级：推荐（集材） 或班一年史界 然狂 .30% 2023:07 2023-11 2024-03 2024-07 市场象餐2024 年 7 月 26 日 打业, Y1 NYD311 3 ⁄ 3 ⁄ 3 ⁄-1. 30 -4. 88−0. 64 市長企业−7. 55−0. 39 −6. 54 线行−1. 750. 1514. 45 江东−11. 59−0. 37 −8. 98 保险−0. 430. 53 3. 96 分析师：杨晓夫 执业证书简予：S0230521030002 呼称：yangxt@hlzqgs.com 福关阅读 《投降竞协调的竞本市场助力全部高度 享发展一全部周振》2024.07.23 《夹行国後二級市场操作利好餐行保险 青卢配置一全敲周振》2024.07.08 《市场风格调整下银行板块兼具商股总 与稳定性 建设关注一全路周摄》 2024.07.01 福夫： ▷ 上周 (7 月 22 日至 7 月 26 日，下同 ) A 股市场缩查下行，全融 各指 ...

Group 1: Federal Reserve and Economic Indicators - The market expects a 91.7% probability of the Federal Reserve lowering interest rates in September, up from approximately 80% previously[3] - The U.S. unemployment rate in June was 4.1%, close to the levels seen during previous Fed rate cuts[88] - The core PCE in June was 2.6%, indicating a downward trend in inflation, which may lead to a rate cut around September[93] Group 2: Market Performance and Trends - The A-share market showed a mixed performance in the first half of 2024, with the Shanghai Composite Index achieving a positive return of 0.89%[32] - Major sectors such as banking, coal, and utilities saw increases of 17.02%, 11.96%, and 11.76% respectively in the first half of 2024[19] - The overall market is expected to exhibit a volatile trend with structural opportunities, particularly in technology and healthcare sectors post-rate cut[14] Group 3: Global Economic Outlook - Multiple international organizations have raised their 2024 global economic growth forecasts, with the UN increasing its prediction from 2.4% to 2.7%[40] - The global inventory cycle is entering a replenishment phase, which is expected to stabilize manufacturing sentiment[58] - The global PMI is anticipated to remain in the expansion zone in the second half of 2024, supported by easing inflation and improving demand[55]

018-05 -40.00 资料来源:Wind,华龙证券研究所 80.00 70.00 60.00 50.00 40.00 30.00 20.00 10.00 0.00 004-02 002-08 2011-08 017-08 2023-08 2024-05 992-02 996-08 005-08 007-11 008-08 014-08 019-02 020-08 993-08 999-08 000-05 001-02 001-11 003-05 2004-11 2006-05 007-02 2010-02 2012-05 013-02 013-11 015-05 016-02 016-11 018-05 022-11 995-02 997-05 998-02 009-05 2010-11 019-11 021-05 022-02 992-11 994-05 995-11 998-11 中国:占固定资产投资完成额比重:房地产开发 中国:占固定负广 技负完成额比重: 定资产投资完成额比重:第二产业 中国:与固定资产投资宁成额上 03 图26:第二产业占固定资产投资完成额比重上升(%) 》 2023年四季度增 ...

y 证券研究报告 ——A 股投资策略周报告 策略研究报告 姓 名：朱金金 执业证书编号：S0230521030009 邮 箱：zhujj@hlzq.com 相关阅读 2024.07.22《全面深化改革进一步打开 内外需增长空间》 2024.07.16《上半年出口总体上升，预 计仍将保持韧性》 2024.07.09《非农数据下滑强化美联储 降息预期》 降息助力提振内需。7 月 22 日，央行宣布调降 LPR10 个基点，1 年期和 5 年期分别降至 3.35%和 3.85%；同日公开市场 7 天期逆回购操作利率由此前 的 1.80%调整为 1.70%。7 月 25 日，以利率招标方式开展 2000 亿元 MLF 操 作，利率为 2.3%，较前次下调 20 个基点。在 2024 上半年内需表现仍较弱 的情况下，降息有助于配合政策实施，促进消费和投资端进一步改善，稳 定经济增长预期。 摘要（核心观点）： 美国二季度数据较强，不改美联储降息预期。7 月 25 日美国商务部数据显 示，美国二季度实际 GDP 年化环比增长 2.8%，并高于市场预期。7 月核心 PCE 持平于前值，环比符合预期。美国经济仍然表现出较强的韧 ...

证券研究报告 银行/非银金融 报告日期：2024 年 07 月 29 日 央行降息低利率环境下 银行高股息价值进一步凸显 ——金融周报 华龙证券研究所 投资评级：推荐（维持） 最近一年走势 市场数据 2024 年 7 月 26 日 行业,% 1M 3M YTD 沪深 300 -1.30 -4.88 -0.64 非银金融 -0.39 -6.54 -7.55 银行 -1.75 0.15 14.45 证券 -0.37 -8.98 -11.59 保险 -0.43 0.53 3.96 执业证书编号：S0230521030002 邮箱：yangxt@hlzqgs.com 相关阅读 《投融资协调的资本市场助力金融高质 量发展—金融周报》2024.07.23 《央行国债二级市场操作利好银行保险 资产配置—金融周报》2024.07.08 《市场风格调整下银行板块兼具高股息 与 稳 定 性 建 议 关 注 — 金 融 周 报 》 2024.07.01 摘要： 上周（7 月 22 日至 7 月 26 日，下同）A 股市场缩量下行，金融 各指数（申万）均下跌，沪深 300 指数下跌 3.67%，全年跌幅为 0.64%；非银金融指数上 ...