风险情绪升温！降息与盈利预期利好共振 新兴市场股市继续上攻

Group 1 - Emerging market stocks have risen due to the potential for Federal Reserve rate cuts and optimistic earnings expectations, with the emerging market stock index up 0.6% for the second consecutive day and nearly 16% year-to-date [1] - Following a sell-off due to poor U.S. economic data, the index rebounded as traders anticipated a 25 basis point rate cut by the Federal Reserve next month, with an 80% probability, and a one-third chance of another cut by year-end [1] - The rise in U.S. corporate earnings indicates strong global economic activity despite higher tariff threats, with Jefferies' chief economist suggesting that moderate economic slowdown could lead to further easing by the Federal Reserve [1] Group 2 - China's service sector activity unexpectedly accelerated in July, reaching its fastest growth in over a year, indicating resilience during the summer tourism season [2] - In Eastern Europe, Hungary's BUX stock index is nearing historical highs, driven by significant profit growth at OTP Bank in Q2 [2] - Investment institutions are increasingly optimistic about emerging market assets, shifting focus from developed markets like the U.S. to emerging markets such as China, influenced by macroeconomic factors including potential Fed rate cuts and the decline of "American exceptionalism" [2] Group 3 - Short-term market attention on India has increased due to President Trump's renewed focus on the country, particularly regarding India's purchase of Russian oil [3]