资讯日报：美国7月PPI数据大超预期，市场或减少降息押注-20250815

Market Overview - The U.S. July PPI increased by 3.3% year-on-year and 0.9% month-on-month, significantly exceeding expectations, leading to reduced bets on interest rate cuts by the Federal Reserve[11] - Major U.S. indices opened lower but closed flat, with the S&P 500 at 6468.54, up 9.51% year-to-date[5] - Hong Kong's Hang Seng Index closed at 25519.32, down 0.37% for the day but up 27.33% year-to-date[5] Stock Performance - In the Hong Kong market, large tech stocks mostly turned from gains to losses, with NetEase down 3.53% due to Q2 revenue falling short of expectations[11] - China Pacific Insurance surged 5.45%, while China Ping An reached a four-year high after increasing its stake in China Life Insurance[11] - Bitcoin reached new highs, boosting cryptocurrency-related stocks, with New Fire Technology Holdings rising over 18%[11] Sector Insights - The insurance sector showed strong performance amid expectations of accelerated policy easing, while real estate stocks were active, with Midea Real Estate leading gains over 12%[11] - Conversely, sectors like steel, coal, and solar energy stocks faced declines, reflecting a "de-involution" trend[11] Economic Commentary - U.S. Treasury Secretary comments suggest potential early interest rate hikes by the Bank of Japan, with a projected GDP growth of 0.3% for Q2 in Japan, avoiding technical recession[13] - The U.S. mortgage rate for 30-year loans fell to 6.58%, marking the fourth consecutive week of decline[13]