A股投资策略周报告：市场或继续保持平稳-20250609

Core Insights - Positive changes in China-US trade relations are indicated by a recent phone call between the leaders, signaling a new round of trade talks and efforts to implement agreements reached in Geneva [5][12] - The US economy shows signs of slight decline, with the latest Beige Book indicating increased uncertainty affecting household and business decisions, leading to a decrease in economic activity in half of the regions [13] - The technology growth sector has shown notable performance, with expectations for continued positive trends despite recent adjustments influenced by specific stock performances [16] Market Analysis - The A-share market is expected to remain stable, with the Shanghai Composite Index showing a fluctuation of 1.13% and the CSI 300 Index fluctuating by 0.88% during the week of June 3 to June 6, 2025 [18] - The main factors supporting market performance include improved economic fundamentals, increased activity in the technology growth sector, and positive developments in China-US trade relations [18] Industry and Theme Configuration - Continuous policy support for technological innovation is emphasized, with a focus on AI applications and industrial upgrades, particularly in electronics and digital economy sectors [19][22] - Domestic demand is highlighted as a key area, with policies aimed at expanding domestic consumption and structural reforms, focusing on home appliances, automobiles, and machinery [22] - Opportunities in external demand are identified, particularly in new production capabilities and low-altitude economy, driven by easing trade tensions and global cooperation [22] Market Data - The report includes various market performance metrics, indicating fluctuations in global and domestic indices, as well as sector-specific performance [25][27] - Notable increases in retail and wholesale figures for passenger vehicles in May 2025, with retail sales reaching 1.93 million units, a year-on-year increase of 13% [20] Event Calendar - Upcoming economic indicators include China's export and import figures for May, as well as US CPI data, which are crucial for assessing market trends [40]