美元资产面临修复

Market Performance - In May, global stock markets collectively rose, with the Nasdaq index leading the gains among major markets[4] - The US PCE for April showed a "cooling" inflation trend, with a month-on-month increase of 0.1% and a year-on-year growth of 2.1%, below market expectations[4] - The VN30 index in Vietnam led the gains in the Asia-Pacific market[4] Economic and Trade Developments - Following the recent tariff legal disputes, negotiations are expected to return to the forefront, with a focus on US-India trade talks scheduled for June 5-6[4] - The Trump administration faces challenges in tariff negotiations, inflation, and interest rate battles, with the potential for inflation warnings to ease in June and July[4] Investment Strategy - The report recommends focusing on the recovery of US dollar assets, particularly short-term bonds, while maintaining a trading bias towards long-term bonds[4] - In light of expected acceleration in tariff negotiations, US stocks are anticipated to rise[4] Risk Factors - Risks include potential unexpected rebounds in overseas inflation, weaker-than-expected global economic conditions, and geopolitical tensions that could lead to increased market volatility[4]