Group 1 - Tesla's stock dropped by 5.4%, reaching a three-week low, following President Trump's threat to consider terminating federal subsidies for Musk's companies, raising concerns about policy risks [2][3] - The technology sector was a major contributor to the market decline, with significant sell-offs in previously high-performing momentum stocks [2][3] - Nvidia and Netflix saw declines of over 2% and 3% respectively, while Apple managed a 1% increase [3] Group 2 - The Dow Jones Industrial Average rose by 400.17 points, or 0.91%, closing at 44,494.94, driven by gains in energy, materials, and industrial sectors [2] - The S&P 500 index fell slightly by 6.94 points, or 0.11%, to close at 6,198.01, while the Nasdaq Composite dropped by 166.85 points, or 0.82%, to 20,202.89 [2] - The Dow Jones Transportation Index surged by 2.9%, marking its largest single-day gain since mid-May, reflecting cautious optimism about the economic outlook [2]

据CCTV国际时讯，当地时间6月30日，美国总统特朗普再次"炮轰"美国联邦储备委员会主席鲍威 尔，称美联储应尽早将利率降至1%。 ...

欧洲央行管委卡扎克斯：任何进一步的利率调整都不会太大。 ...

欧元进一步大幅升值可能为再次降息提供依据。 任何进一步的利率调整幅度都不会很大。 欧洲央行官员Kazaks：进一步的利率调整关乎政策信号传递与精准微调。 ...

美国总统特朗普：我们应该将利率降至1%或2%水平。 ...

| 品种名称 | 开盘价 | 最高价 | 最低价 | 单位 | | --- | --- | --- | --- | --- | | 沪金主力 | 772.00 | 774.70 | 764.96 | 元/克 | | 沪银主力 | 8788.00 | 8858.00 | 8762.00 | 元/千克 | | COMEX黄金 | 3341.30 | 3341.40 | 3298.00 | 美元/盎司 | | COMEX白银 | 36.89 | 36.98 | 36.57 | 美元/盎司 | 【消息面】 6月27日，国内贵金属期货涨跌不一，截止目前，沪金主力报价为766.40元/克，跌幅0.87%，沪银主力 报价为8792.00元/千克，涨幅0.55%；国际贵金属期则全线上涨，COMEX黄金报价3298.90美元/盎司， 跌幅1.28%，COMEX白银报价36.59美元/盎司，跌幅0.81%。 今日贵金属期货价格行情（2025年6月27日） 当前，通胀压力逐渐消退，但美联储的政策仍处于限制性区域。鲍威尔的任务不仅是应对眼前的经济挑 战，还要维护美联储的长期合法性。他必须避免重蹈疫情初期通胀失控的覆辙，为2026年5 ...

2. 英国央行行长贝利：英镑走强与美国不确定性有关。利率仍走在逐步下行的道路上。 其它： 1. 在岸、离岸人民币对美元一度升破7.16，创逾7个月新高。 1. 美国5月商品贸易逆差意外扩大，出口创疫情以来最大降幅；第一季度GDP下修。 2. 市场动荡推动花旗对冲基金外汇交易量激增。 3. 美联储-①戴利：秋季降息看起来是有希望的。②柯林斯：7月降息可能为时过早。③古尔斯比：特朗 普提前宣布鲍威尔继任者不会对FOMC产生任何影响。④ 巴尔金：关税将开始推高通胀。 金十数据整理：每日全球外汇市场要闻速递（6月27日） 美元： 主要非美货币： 1. 欧洲央行管委诺特：我们不能排除欧洲央行再次降息的可能性。 2. 新台币兑美元升破29整数关口，创逾三年两个月高位。 3. 韩国财政部：如有需要，韩国将在下半年进一步发行外汇稳定债券。 4. 匈牙利央行：预计2025年调整后核心通胀率平均为4.7%，2026年为4.0%。 美元/离岸人民币 ...

Core Viewpoint - The financial markets are experiencing significant turmoil, characterized by a sharp decline in stock indices, rising bond yields, and a weakening dollar, driven by concerns over U.S. Treasury demand and fiscal policy uncertainties [1][3][10]. Group 1: Market Reactions - The Dow Jones index fell nearly 500 points, while the 10-year U.S. Treasury yield surpassed 4.5%, and the dollar index dropped below 100 [1]. - The VIX, a measure of market volatility, surged by 15%, indicating heightened investor anxiety [1]. - Gold prices soared to $3,315 per ounce as investors sought safe-haven assets amid the market chaos [1]. Group 2: Treasury Auction and Demand - A recent auction of 20-year Treasury bonds saw a final yield of 5.047%, which is 24 basis points higher than the previous auction in April [1]. - This auction result highlighted a significant drop in demand for U.S. Treasuries, forcing the Treasury Department to offer higher yields to attract buyers [1][3]. Group 3: Federal Reserve's Dilemma - Federal Reserve Chairman Jerome Powell faces a challenging situation, having maintained the benchmark interest rate at 4.25%-4.50% during the May 7 meeting [3][5]. - Powell emphasized the unpredictability of policy decisions, particularly in light of tariff-related uncertainties stemming from the Trump administration [3][5]. - The Fed's ability to lower interest rates may be constrained by rising inflation pressures and ongoing labor market strength, with wage growth reaching an annual rate of 3.9% [5][7]. Group 4: Fiscal Policy and Tax Cuts - The Trump administration is pushing for lower interest rates, with Treasury Secretary expressing a goal to reduce rates to a ten-year low [5]. - A new tax reform bill passed by the House Budget Committee is expected to reduce household tax burdens by approximately $140 billion annually, equivalent to 0.5% of GDP [5][8]. - Concerns about the lack of fiscal restraint have been voiced by Fed officials, indicating that higher tariffs could limit the Fed's ability to act on interest rates [7][10]. Group 5: Market Sentiment and Future Outlook - The S&P 500 index rebounded by 19.5% from its April lows, but underlying concerns about rising federal spending and long-term bond yields persist [8]. - A stark contrast between tariff revenue and soaring national debt has led to increased selling pressure in the bond market [8][10]. - The upcoming debt ceiling deadline in August and potential fiscal shortfalls from tax cuts may further complicate the Fed's decision-making process [10].

墨西哥央行将隔夜利率从8.50%下调至8.00%，删除关于未来将降息的前瞻指引里。 ...

FICC日报 | 2025-06-26 以伊冲突生效，北约发表联合宣言 市场分析 国内5月经济仍待夯实。5月国内数据好坏参半，5月投资数据整体走弱，尤其是地产边际压力再增，后续或将拖累 财政收入，及整个地产链条；同时出口也略有承压，5月"抢出口"成色一般，叠加美国5月零售销售走弱，前期需 求透支下，后续外需预计将承压；5月仅有消费表现韧性，6月20日新华社发布后续以旧换新国补将继续下达。6月 24日，央行等六部门联合印发《关于金融支持提振和扩大消费的指导意见》。6月25日央行开展3000亿元MLF操作， 6月中期流动性净投放总额已达3180亿元。面对关税下的外需压力和内部的稳增长诉求，关注财政进一步加码的可 能。6月9-10日，中美经贸磋商机制首次会议在英国伦敦举行，落实两国元首6月5日通话重要共识和巩固日内瓦经 贸会谈成果的措施框架达成原则一致，就解决双方彼此经贸关切取得新进展。关于7月9日到期的关税延后政策，6 月12日特朗普政府首次公开承认其关税时间表存在灵活性。美国暂缓关税的截止日逼近，欧盟准备采取更多关税 反制措施以对美施压；加拿大与美国力争在30天内达成贸易协议，两国贸易谈判代表们本周将会面三次。 ...