一周热榜精选：鲍威尔瞬间扭转多品种走势！9月降息，定了？

Market Overview - The US dollar index initially rose due to better-than-expected PMI data and a significant increase in initial jobless claims, but later lost all gains after Fed Chair Powell's speech suggested a potential interest rate cut in September [2][11] - Gold prices surged following Powell's remarks, reversing a previously bearish trend [2] - The S&P 500 index experienced its first five-day decline since the beginning of the year, primarily due to a sell-off in tech stocks, while the A-share market performed well, with the Shanghai Composite Index surpassing 3,800 points [3] Investment Insights - UBS raised its gold price target for March 2026 by $100 to $3,600 per ounce, citing ongoing macroeconomic risks and strong investment demand from ETFs and central banks [6] - CICC noted that the current overall valuation of A-shares is reasonable and not overvalued, while Morgan Stanley remains optimistic about the Chinese stock market's performance [6] - Goldman Sachs expects a weaker dollar to boost emerging market currency carry trades [6] Geopolitical Developments - Former President Trump is pushing for a trilateral summit involving the US, Ukraine, and Russia, with conditions for a ceasefire proposed by Putin [8][9] - Israel has initiated a major offensive in Gaza despite a ceasefire proposal from Hamas, indicating ongoing tensions in the region [17][18] Corporate Developments - Intel has agreed to allow the US government to acquire a 10% stake in exchange for subsidies under the CHIPS Act, which allocates $52.7 billion for semiconductor research and manufacturing [14] - SoftBank announced a $2 billion investment in Intel, aiming to strengthen its commitment to US chip innovation [15] - Xiaomi reported a record revenue of 116 billion yuan for Q2 2025, driven by a significant increase in its smart electric vehicle business [31]