Venture(US:VEMLY) Xin Lang Ji Jin·2025-09-12 08:02Market Overview - The three major indices in the A-share market experienced mild adjustments, with the ChiNext index dropping by 1.09% and total trading volume reaching 2.54 trillion yuan [1] - The margin trading balance continued to increase, rising by nearly 15 billion yuan, indicating sustained inflow of leveraged funds [1] Economic Indicators - The U.S. reported an August CPI increase of 2.9% year-on-year and 0.4% month-on-month, with core CPI rising by 3.1% year-on-year and 0.3% month-on-month, both exceeding historical seasonal averages [1][2] - The rise in CPI is attributed to food and energy prices, with tariff exemptions also playing a role [1] - Initial jobless claims in the U.S. rose by 27,000 to 263,000, the highest level since October 2021, indicating a slight softening in the labor market [2][3] Monetary Policy Expectations - Market expectations suggest a high probability (over 90%) of a 25 basis point rate cut by the Federal Reserve in September, with three rate cuts anticipated this year [1] - The current economic indicators are leading to a preventive rate cut approach to address a mild recession, which may stabilize U.S. manufacturing and support a cyclical upturn [1][3] - The European Central Bank decided to maintain key interest rates unchanged, reflecting a cautious approach to balance inflation control and economic recovery [3] A-share Market Performance - On September 12, the A-share market saw declines, with the Shanghai Composite Index down 0.12% and the Shenzhen Component down 0.43% [4] - The sectors showing gains included non-ferrous metals, real estate, and steel, with increases of 1.96%, 1.51%, and 1.41% respectively [4] - A total of 1,894 stocks rose while 3,204 stocks fell, indicating a broader market decline [4] Fund Flow - The market turnover reached 25,486.40 billion yuan, an increase from the previous trading day [5] - The margin trading balance reported at 23,404.25 billion yuan, also showing an increase [5]