每日机构分析：6月20日

Group 1: Economic Performance - The UK economy's strong momentum at the beginning of the year is unlikely to be sustained, with May retail sales declining more than expected, marking the fastest drop since December 2023 [3] - Malaysia's exports unexpectedly declined in May, primarily due to a significant drop in re-exports and continued domestic export weakness, increasing pressure on the central bank to lower interest rates in July [1] - Japan's rice prices surged by 101.7% year-on-year in May, significantly impacting core inflation, with the government taking measures to stabilize rice prices [3] Group 2: Monetary Policy Outlook - The Bank of England may continue a gradual rate-cutting strategy, with recent voting results indicating a slight dovish tilt, enhancing market expectations for a potential rate cut in August [4] - Analysts expect the Federal Open Market Committee (FOMC) to resume rate cuts in September due to easing inflation pressures and clear signs of economic slowdown [2] - The Bank Negara Malaysia is under pressure to cut the policy rate by 25 basis points in July, following a previous reduction in the statutory reserve requirement [1]