Group 1 - The article discusses the recent passage of the "Beautiful Act" by the U.S. House of Representatives, which aims to extend several tax cuts from the 2017 Tax Cuts and Jobs Act and introduce new tax incentives [26][50] - The act includes provisions such as raising the estate tax exemption to $30 million, increasing the pass-through entity deduction from 20% to 23%, and enhancing the child tax credit to $2,500 per child [26][50] - The market has reacted negatively, with major indices like the Nasdaq and Nikkei 225 declining by 2.5% and 1.6% respectively, while the 10-year U.S. Treasury yield rose by 8 basis points to 4.51% [50][2] Group 2 - The article highlights a rebound in the U.S. Markit Manufacturing and Services PMI for May, both rising to 52.3, indicating improved economic expectations possibly due to easing trade tensions with China [32][51] - Japan's April CPI increased by 3.6% year-on-year, with core inflation (excluding food and energy) at 3.0%, suggesting potential pressure for the Bank of Japan to consider interest rate hikes [34][51] - The article notes that the U.S. jobless claims slightly exceeded expectations, with initial claims at 227,000 and continuing claims at 1.903 million, indicating a potential upward pressure on the unemployment rate [36]
高频跟踪 | 众议院通过减税法案，市场再现“股债汇”三杀（申万宏观·赵伟团队）
申万宏源研究·2025-05-27 01:17