环球市场动态

Global Market Dynamics - Japan's economy is expected to experience moderate recovery in the second half of the year, with core CPI stabilizing around 2% and potential for two gradual interest rate hikes by the Bank of Japan [3] - The US 30-year mortgage rate fell below 7% for the first time since March, while the UK CPI dropped to 2% for the first time in three years, indicating mixed economic signals [4] - The Australian dollar strengthened following hawkish signals from the Reserve Bank of Australia, outperforming other G-10 currencies [5][30] Stock Market Insights - The Hong Kong stock market saw a significant rise, with the Hang Seng Index increasing by 2.87%, driven by positive sentiment towards state-owned enterprises [17] - A-shares experienced a decline, with the Shanghai Composite Index falling by 0.40%, despite the announcement of new measures to enhance the STAR Market's attractiveness [21][23] - The Brazilian stock market showed resilience, with the IBOVESPA index rising by 0.53%, supported by gains in the industrial sector [31] Sector Performance - In the Hong Kong market, the energy sector led gains with a 4.8% increase, while the technology sector also performed well with a 4.1% rise [18] - The banking sector in South Korea is benefiting from an upward macroeconomic cycle, with a 24% increase in market capitalization among tracked banks [28] - The real estate sector in Shanghai is stabilizing, with recommendations to focus on core cities and companies with strong development capabilities [19] Fixed Income Market - The US market was closed for the Independence Day holiday, while trading in Chinese dollar bonds was light, with new issues attracting attention [6][34] - The performance of new floating-rate bonds from China International Capital Corporation was mixed, with some seeing a rise while others faced widening spreads [34][33] Currency and Commodity Trends - Brent crude oil futures saw a slight decline of 0.3%, while copper prices increased by 1.2%, reflecting mixed trends in commodity markets [30] - The Japanese yen is expected to experience a stronger performance in the second half of the year, supported by economic recovery and narrowing interest rate differentials [30]