农银国际证券每天导读

Market Overview - The Hang Seng Index closed at 18,028.28, with a daily change of +0.28% and a five-day change of -0.34% [3] - The H-share index closed at 6,470.86, with a daily change of +0.23% and a five-day change of -0.10% [3] - The Shanghai Composite Index and Shenzhen Component Index both experienced declines, with the Shenzhen Component showing a larger drop [5] Economic Indicators - Germany's factory orders decreased by 1.6% month-on-month, against a market expectation of +0.5% [5] - The UK construction PMI was reported at 54.0, above the previous value of 52.2 [5] Corporate News - AXA Group is reportedly considering merging its asset management business with BNP Paribas Asset Management, potentially creating a joint venture with approximately €1.4 trillion in assets under management [30] - Fubon Life plans to issue subordinated bonds with a maximum amount of NT$50 billion to strengthen its financial structure [30] - Foxconn is set to invest $551 million in two new projects in Vietnam, focusing on smart entertainment products and smart system equipment [30] - Shanghai Shimao reported that it has failed to make payments on debts totaling 13.305 billion yuan as of June 28 [30] International Developments - The European Central Bank's President, Christine Lagarde, emphasized the need for more data to ensure inflation trends downward before further rate cuts [11] - The ECB's Chief Economist, Philip Lane, expressed concerns about inflation pressures in the Eurozone, indicating that inflation remains around 4% [12] - The EU plans to impose temporary tariffs of up to 48% on Chinese electric vehicles, with ongoing negotiations for a potential alternative solution [18]