特朗普访英在即 股市为何逆向下行？

Core Points - President Trump is set to visit the UK for the second time since 2019, with significant ceremonial arrangements planned by the British royal family [1][2] - Despite expectations of economic cooperation, investor confidence in the UK stock market remains low, with a notable bearish sentiment [1][5] Group 1: Investment Agreements - A series of cooperation and investment agreements will be signed during Trump's visit, including a landmark technology agreement focusing on AI, semiconductors, telecommunications, and quantum computing [3] - The UK is expected to receive over £1.25 billion in investments from major US financial firms such as PayPal, Bank of America, Citigroup, and S&P [3] - A total of over $10 billion in trade agreements is anticipated to be announced, with prominent business leaders from the US accompanying Trump [3] Group 2: Economic Challenges - Despite the planned cooperation, economic tensions persist between the US and UK, particularly regarding tariff issues and the regulation of US tech companies in the UK [4] - Investor sentiment towards the UK stock market has turned pessimistic, with a significant drop in stock allocations, marking the largest outflow of funds since 2004 [5][6] - The UK economy is facing challenges such as impending tax increases and sluggish growth, compounded by uncertainties related to post-Brexit adjustments [6][7] Group 3: Market Sentiment - The sentiment among fund managers regarding the UK stock market has deteriorated, with allocations dropping to a net underweight of 20%, a significant decline from a previous 2% underweight [5] - The FTSE 250 index has only risen 5% this year, lagging behind broader stock benchmarks, while global stock allocations have increased, favoring regions like Germany, Spain, and Italy [7]