农银国际证券每天导读

Core Insights - The report highlights the mixed performance of major stock indices, with the Dow Jones rising while the S&P 500 and Nasdaq fell, indicating a divergence in market sentiment [5][39] - The Chinese youth unemployment rate has dropped to approximately 13.2%, the lowest since December of the previous year, reflecting a potential improvement in the labor market [8][41] - The upcoming Third Plenary Session of the Chinese Communist Party is expected to outline policies focused on technology-driven high-quality development and "Chinese-style modernization" [17][39] Economic Indicators - In the United States, industrial output increased by 0.6% month-on-month in June, surpassing the market expectation of 0.3% [3] - The Eurozone's Consumer Price Index (CPI) remained stable at 2.5% year-on-year in June, aligning with market expectations [3] - The UK's CPI also held steady at 2.0% year-on-year, although service sector inflation remains a concern, raising doubts about potential interest rate cuts [22] Market Developments - The report notes that the U.S. is pressuring allies to tighten restrictions on semiconductor trade with China, which could lead to stricter trade measures if compliance is not met [16][39] - The Chinese central bank is reportedly conducting surveys on local banks' bond investment situations to assess potential market impacts from selling government bonds [18][33] - The report mentions that the semiconductor sector in Hong Kong has seen a general decline, reflecting the broader market's cautious sentiment [5][39]