冠通期货早盘速递-20250716

Report Summary 1. Hot News - China's H1 GDP reached 66.05 trillion yuan, a 5.3% YoY increase. Q1 GDP rose 5.4% YoY, and Q2 grew 5.2%. H1 fixed - asset investment increased 2.8%, with real - estate development investment down 11.2%. In June, industrial added - value of large - scale enterprises rose 6.8% YoY, and retail sales of consumer goods increased 4.8% [3] - In June, according to 70 - city housing price data, housing prices in all tiers declined MoM, with the YoY decline narrowing. 14 cities saw new - home prices rise MoM, led by Shanghai and Changsha with a 0.4% increase. Only Xining's second - hand home prices rose MoM [3] - The EU Foreign Affairs Council failed to reach an agreement on the 18th round of sanctions against Russia due to opposition from Malta and Slovakia. The sanctions target Russia's energy revenue [3] - China adjusted the catalog of technologies prohibited or restricted for export, deleting 3 items, adding 1, and modifying 1. The newly restricted export technology is battery cathode material preparation technology [3] - US CPI in June rose 2.7% YoY, the highest since February, meeting market expectations. Core CPI rose 2.9% YoY and 0.2% MoM, both below expectations. Traders predict the Fed will start cutting rates in September, with nearly two cuts by the end of the year [4] 2. Key Focus - Key commodities to focus on are urea, crude oil, PVC, hot - rolled coil, and soybean oil [5] 3. Night - session Performance - Sector performance: Non - metallic building materials 2.88%, precious metals 28.77%, oilseeds and oils 12.23%, non - ferrous metals 2.80%, soft commodities 18.96%, coal, coke, and steel ore 14.40%, energy 3.27%, chemicals 12.70%, grains 1.23%, agricultural and sideline products 2.77% [5] 4. Sector Positions - The document shows the changes in commodity futures sector positions in the past five days [6] 5. Performance of Major Asset Classes | Category | Name | Daily Return (%) | Monthly Return (%) | Year - to - date Return (%) | | --- | --- | --- | --- | --- | | Equity | Shanghai Composite Index | - 0.42 | 1.76 | 4.57 | | | SSE 50 | - 0.38 | 1.30 | 2.33 | | | CSI 300 | 0.03 | 2.11 | 2.14 | | | CSI 500 | - 0.03 | 1.75 | 5.12 | | | S&P 500 | - 0.40 | 0.63 | 6.16 | | | Hang Seng Index | 1.60 | 2.15 | 22.58 | | | German DAX | - 0.42 | 0.63 | 20.85 | | | Nikkei 225 | 0.55 | - 2.00 | - 0.54 | | | UK FTSE 100 | - 0.66 | 2.02 | 9.36 | | Fixed - income | 10 - year Treasury futures | 0.18 | - 0.00 | - 0.03 | | | 5 - year Treasury futures | 0.13 | - 0.13 | - 0.48 | | | 2 - year Treasury futures | 0.04 | - 0.08 | - 0.54 | | Commodity | CRB Commodity Index | - 0.23 | 1.82 | 2.02 | | | WTI Crude Oil | - 0.39 | 2.65 | - 7.23 | | | London Spot Gold | - 0.59 | 0.64 | 26.64 | | | LME Copper | 0.00 | - 2.37 | 9.82 | | | Wind Commodity Index | 0.17 | 1.86 | 15.92 | | Other | US Dollar Index | 0.53 | 1.92 | - 9.08 | | | CBOE Volatility Index | 0.00 | 2.81 | - 0.86 | [8]