环球市场动态：内地社融增速继续上行

Market Overview - Chinese A-shares continued to rise, with the Shanghai Composite Index closing at 3,683 points, a new high since December 2021, while the Shenzhen Component Index rose 1.76%[16] - The Hang Seng Index surged 2.58%, closing above 25,500 points, driven by strong performances in technology and financial sectors[11] - U.S. markets also reached new highs, with the Dow Jones increasing by 1.04% to 44,922 points, supported by expectations of interest rate cuts[9] Economic Indicators - China's social financing growth rate for July was recorded at 9.0%, up 0.1 percentage points from the previous month, continuing an upward trend[6] - U.S. inflation data showed stability, leading to increased expectations for a 50 basis point rate cut by the Federal Reserve in September[9] - The U.S. dollar index fell by 0.3% to 97.84, while international gold prices rose, reflecting market sentiment towards rate cuts[27] Sector Performance - In the U.S., 8 out of 11 S&P sectors saw gains, with the materials sector leading with a 1.69% increase[9] - In Hong Kong, the Hang Seng Technology Index rose by 3.25%, with Alibaba and NetEase seeing significant gains of 6% and over 5%, respectively[11] - The battery sector in China is expected to see improved performance due to supply-demand dynamics, with companies like CATL being highlighted for their investment value[18] Fixed Income Market - U.S. Treasury yields fell by 5-6 basis points, with the 10-year yield at 4.23% as market expectations for rate cuts solidified[31] - Asian investment-grade bonds showed strong performance, with spreads narrowing by 1-3 basis points[31] Commodity Market - U.S. crude oil prices declined, with WTI crude down 0.82% to $62.65 per barrel, amid rising inventory levels and oversupply concerns[27] - Gold prices increased by 0.27%, reaching $3,358.7 per ounce, as traders anticipated further monetary easing[27]