【德邦海外市场】关键周到来

Group 1 - Global stock markets mostly rose last week, with Vietnam's VN30 index leading the gains among major markets. The Dow Jones, Nasdaq, and S&P 500 increased by 1.4%, 3.9%, and 2.4% respectively. European markets also saw gains, with Germany's DAX up 3.2%, France's CAC40 up 2.6%, and the UK's FTSE 100 slightly up by 0.3%. In the Asia-Pacific region, the Hang Seng Tech index rose by 1.2%, while India's SENSEX30 index fell by 0.9% [1][2][3] - The Federal Reserve's decision on interest rate cuts is contingent on the upcoming CPI data. Internal divisions within the Fed were highlighted during the July FOMC meeting, with some members advocating for multiple rate cuts this year. The CPI data to be released this week will significantly influence the Fed's future monetary policy considerations [1][2][3] Group 2 - The geopolitical landscape is entering a critical phase with significant tariff negotiations. A meeting between U.S. and Russian leaders is scheduled for August 15, where territorial concessions may be discussed. However, the vast differences in demands between Russia and Ukraine create uncertainty regarding the outcomes of this meeting, which could lead to increased economic sanctions from the U.S. if negotiations fail [2][3] - Market volatility is expected to increase due to upcoming economic data and geopolitical developments. Investors are advised to focus on sustainable investment opportunities rather than speculative trades based on event-driven volatility [2][3] Group 3 - The strategy for the year includes anticipating the Fed's interest rate cuts, which are expected to occur 2-3 times. In the bond market, short-term bonds are favorable, but long-term bonds may offer greater advantages due to duration and declining inflation. In the equity market, the XBI index is highlighted for its resilience among growth sectors, particularly as previous pressures from government actions are easing [3]