突发重磅转向！

Group 1 - Federal Reserve Chairman Jerome Powell indicated a potential interest rate cut, stating that "the policy is in a restrictive range" and adjustments may be needed due to changing risk balances [1][2] - Following Powell's remarks, the capital markets reacted strongly, with the US dollar index experiencing its largest single-day drop since April, and major stock indices like the Dow Jones and Nasdaq seeing significant gains [1][3] - Market expectations for a September rate cut surged back to around 90% after initially dropping to 70% before the meeting, indicating strong market sentiment towards a dovish shift [1][2] Group 2 - Powell highlighted the labor market's "peculiar balance" due to a significant slowdown in both labor supply and demand, suggesting increasing downside risks for employment [2] - He also noted that the impact of tariffs on inflation may be more of a one-time effect rather than a sustained increase, which aligns with a more dovish stance on future monetary policy [2] - The market's belief in a clear signal for a September rate cut was reinforced, leading to positive sentiment from investors, including a notable shift in Trump's rhetoric praising Powell [3] Group 3 - The Hang Seng Tech Index futures surged by 2.07% following Powell's dovish comments, indicating a potential turning point for Hong Kong stocks [4] - The Hong Kong market has historically benefited from increased US dollar liquidity, as seen after the Fed's unexpected rate cut in September last year [6] - The Hong Kong Monetary Authority has intervened multiple times to manage liquidity, resulting in a significant rise in the overnight Hibor rate, which reflects the tightening liquidity conditions [8] Group 4 - The report from the global chief strategist at Industrial Securities suggests that global investors, particularly from China, are increasingly optimistic about the Chinese stock market, predicting a long-term bullish trend [14] - A-share market has shown accelerated growth, with trading volumes exceeding 20 trillion yuan for eight consecutive days, indicating strong market momentum [15] - Analysts believe that the Chinese stock market could reach 4000 points by the end of the year, with a long-term target of 5000 points based on asset securitization goals [17]