华尔街见闻早餐FM-Radio | 2025年7月15日

Market Overview - Despite Trump's renewed tax proposals, US stocks saw a slight increase, with investors awaiting the upcoming CPI and bank earnings reports [2] - Nvidia's market value briefly fell below $4 trillion, while Trade Desk surged over 10% after being added to the S&P 500 index [2] - Long-term US Treasury bonds declined ahead of the CPI report, with the 10-year Treasury yield rising by 2.4 basis points to a near one-month high [2] - Bitcoin rose approximately 1%, reaching an intraday high of over $123,000, a new record [2] - Gold prices fell nearly 1% from their daily highs, while silver experienced a reversal, dropping about 1% after hitting a near 14-year high [2] - Oil prices fluctuated, with WTI crude oil falling by 3% due to a lack of new energy export restrictions in Trump's sanctions against Russia [2] Key Economic Indicators - In June, China's social financing increased by 4.2 trillion yuan, with new RMB loans amounting to 2.24 trillion yuan, and the M2-M1 gap narrowing [3][8] - China's exports in June grew by 5.8% year-on-year in USD terms, while imports rose by 1.1%, with significant contributions from toy exports and record-high rare earth exports [3][8] - The People's Bank of China indicated a commitment to maintaining a moderately loose monetary policy and emphasized the importance of service consumption in boosting domestic demand [9] International Trade and Tariffs - The EU is preparing to impose additional tariffs on $84 billion worth of US goods in response to trade tensions [9] - Trump threatened to impose 100% tariffs on Russia if a peace agreement with Ukraine is not reached within 50 days [9][16] - Brazil is seeking to reduce tariffs on US imports from 50% to 30% and delay implementation by 90 days [10] - The US has implemented a 17% anti-dumping tariff on Mexican tomatoes, following the termination of a previous agreement [10] Corporate Developments - Meta is investing billions to build the world's largest data center and is considering shifting from open-source to closed-source AI models [12] - Nvidia's CEO emphasized the necessity for all employees to adopt AI technologies to remain competitive [12] - ByteDance is reportedly developing lightweight mixed-reality glasses, competing with similar products from Meta [18] Industry Insights - The humanoid robot sector is witnessing significant developments, with major contracts awarded for robot manufacturing, marking a milestone in commercialization [19] - The clean appliance market in China is growing, with leading companies expected to gain a competitive edge as market concentration increases [19] - Urban renewal projects are being prioritized by the Chinese government, focusing on sustainable development and infrastructure improvements [19]