每日报告精选-20250610

Macro Economic Insights - The European Central Bank (ECB) lowered interest rates by 25 basis points, while the Federal Reserve remains cautious about rate cuts[4] - In the U.S., non-farm payrolls added 139,000 jobs in May, indicating a moderate slowdown in the labor market, with the unemployment rate slightly rising to 4.2%[11] - Eurozone inflation dropped below 2% year-on-year in May, signaling a cooling economy[5] Market Performance - Major global stock indices saw gains: Hang Seng Index up 2.2%, S&P 500 up 1.5%, and Shanghai Composite Index up 1.1%[4] - Commodity prices increased significantly, with Brent crude oil futures rising by 4.3% and the S&P-GSCI commodity index up 4.1%[4] Investment Trends - Chinese assets are experiencing active trading, with financing funds beginning to flow back into the market[12] - The average daily trading volume in the A-share market increased from 1.09 trillion to 1.21 trillion RMB, indicating heightened market activity[13] Sector Analysis - The technology sector in Hong Kong is outperforming, with the Hang Seng Index up 19% year-to-date, surpassing the A-share market by 21 percentage points[22] - Investment in the computer sector is increasing, with net inflows of 17.2 billion RMB in financing[15] Risk Factors - U.S. tariff policies remain uncertain, potentially destabilizing global economic expectations[5] - The ongoing U.S.-China trade tensions could impact market sentiment and economic recovery[25]