SWHY(SZ:000166) 申万宏源宏观·2025-08-17 23:34Group 1 - The article discusses the better-than-expected performance of the US economy in July, which, along with stronger-than-expected Q2 earnings, led to a reversal in the global capital "rebalancing" trend, with funds flowing back to the US [2] - Developed market indices saw an overall increase, with the Nikkei 225 rising by 3.7% and the S&P 500 increasing by 0.9% [4][5] - The article highlights the significant rebound in glass prices, which increased by 13.9% [50] Group 2 - The article notes that the US core CPI for July was weaker than expected, with a month-on-month increase of 0.3%, aligning with market expectations, but the performance of goods related to tariffs was notably weak [70][74] - The article mentions that the market's expectation for a rate cut by the Federal Reserve in September has increased, driven by the weaker-than-expected CPI data [70] Group 3 - The article reports that the US 10-year Treasury yield rose by 6.0 basis points to 4.3%, while yields in other developed countries also saw increases [22] - Emerging market 10-year Treasury yields showed mixed results, with Turkey's yield rising by 205.5 basis points to 31.2% [27] Group 4 - The article indicates that the US dollar index fell by 0.4% to 97.85, while the offshore RMB appreciated to 7.1891 against the dollar [33][43] - It also notes that commodity prices mostly declined, with WTI crude oil dropping by 1.7% to $62.8 per barrel [48]