格林大华期货早盘提示-20250728

Report Industry Investment Rating - The global economy in the macro and financial sector is rated as (Bullish) [1] Core View - The global economy maintains an upward direction, with China strengthening its domestic circulation, the US retail and food sales increasing, the market expecting the Fed to cut interest rates, the US manufacturing PMI expanding, China improving manufacturing profits, the European Central Bank cutting interest rates, Germany expanding its military and increasing industrial output, and the US government promoting AI development [1] Summary by Related Catalogs Important Information - The Trump administration's AI action plan indicates the US views AI as a zero - sum game, with data center power consumption expected to rise from 4.4% of the US total in 2023 to 6.7% - 12% in 2028 [1] - 84% of US companies' EPS and 79% of revenues are above expectations, with revenue surprises being the strongest in 4 years [1] - South Korea's corporate governance reform has attracted over $3 billion in foreign capital inflows in July, and the KOSPI has risen over 3% this year, with a total market value back to $2 trillion [1] - The possibility of the Bank of Japan raising interest rates again this year has resurfaced [1] - The US - Japan tariff agreement has pushed the Japanese stock market to a new high, but technical indicators show risks [1] - European small - cap stocks have a regional distribution advantage, with 60% of their income from Europe, and have seen 10 consecutive weeks of net inflows [1] - The key for gold prices to rise is whether ETF fund inflows can be reignited [1] Global Economic Logic - China is shifting from price - cutting competition to value - optimization. The US retail and food sales in June increased by 0.6% month - on - month. The market expects the Fed to cut interest rates in September and accelerate in 2026. The US manufacturing PMI in June was 52.0. China's manufacturing profits improved in June. The European Central Bank has cut interest rates 8 times. Germany's military has expanded by 30%, and its industrial output in May increased by 1.2% month - on - month. The US government released an AI action plan, and Meta plans to invest hundreds of billions of dollars in large data centers [1]