海外市场周报：破裂与修复-20250609

Market Performance - Global stock markets showed a mixed performance last week, with the South Korean Composite Index leading gains among major markets[3] - The US stock indices collectively rose, with the Nasdaq, S&P 500, and Dow Jones increasing by +2.2%, +1.5%, and +1.2% respectively[3] - European markets also saw collective gains, while the Asia-Pacific region had mixed results, with only Vietnam's VN30 and Japan's Nikkei 225 indices experiencing pullbacks[3] Employment Data - The US added 139,000 jobs in May, with an unemployment rate holding steady at 4.2% for three consecutive months[3] - This job growth was better than market expectations but below the 12-month average increase of 149,000 jobs per month[3] - The ADP report indicated only 37,000 new jobs were created, significantly lower than the revised 60,000 from April and the market forecast of 110,000[3] Legislative Developments - The "One Big Beautiful Bill Act" passed the House with a narrow margin, raising concerns over increasing fiscal deficits in the US[3] - Elon Musk criticized the bill, leading to a public fallout with former President Trump, which caused significant volatility in Tesla's stock price[3] US-China Trade Talks - The first meeting of the US-China economic consultation mechanism is scheduled from June 8 to June 13, potentially improving market risk appetite[3] - The previous high-level talks in Geneva have set a foundation for deeper negotiations, with expectations for positive outcomes[3] Investment Strategy - Investors are advised to focus on equities, particularly in the US and China, as they are likely to benefit from potential positive news from trade talks[3] - Caution is advised regarding increased volatility, with fixed income and commodities being less favorable in the current environment[3] Risk Factors - Potential risks include unexpected inflation rebounds in overseas markets, weaker-than-expected global economic conditions, and geopolitical tensions escalating beyond expectations[3]