津巴布韦统计局表示，按本币计算，津巴布韦年同比通货膨胀率可能达92.1%。 ...

智通财经5月26日电，以色列央行表示，过去12个月的通货膨胀率上升至3.6%，高于1%-3%目标区间的 上限。 ...

Core Viewpoint - The article discusses the valuation of global stock indices, U.S. Treasury indices, and the limited availability of investment options in mainland China for overseas markets, while highlighting the potential for investment through various funds available abroad [1][4]. Group 1: Global Stock Market Overview - The global stock market has seen a decline, with the overall index rating dropping to 3.6 stars, and the U.S. stock market index falling by 2.5% this week [5][26]. - Hong Kong stocks have outperformed globally, with the Hang Seng Index rising by 1% and the Hong Kong Dividend Index increasing by over 2% [7][8][9]. - The Hong Kong dividend stocks have shown a strong performance, continuing to rise for six consecutive weeks since early April [10]. Group 2: Dividend Yield and Tax Implications - The default dividend yield for Hong Kong dividend stocks is relatively high, reaching 6-7% in some cases, but investors face a 20% withholding tax on H-shares and 28% on red-chip stocks when investing through the Stock Connect [14][15]. - The article notes that the dividend yields presented in the valuation table have already accounted for these withholding taxes [17]. Group 3: Impact of Tariffs on U.S. Markets - Recent fluctuations in the U.S. stock market are attributed to tariff announcements by former President Trump, which may lead to increased inflation and affect the Federal Reserve's interest rate decisions [18][23]. - The article suggests that higher tariffs are primarily a negotiation tool rather than a fundamental objective, indicating that there is no need for excessive concern [25]. Group 4: Investment Opportunities - There are currently no global stock index funds available in mainland China, but there are substantial global stock index funds abroad, amounting to over a trillion dollars [28]. - The company has introduced a "Global Index Advisory Portfolio" that diversifies investments across U.S., UK, Hong Kong, and A-shares to track the global stock market [29]. Group 5: Book Promotion - The article promotes the newly released sixth edition of "The Long-Term Investment Guide," which has gained significant popularity, ranking first in sales on major platforms [31][32]. - The book provides updated data and insights on various asset classes, emphasizing that stocks are the best long-term investment for wealth accumulation [34][35].

Core Viewpoint - The article discusses the fluctuations in the stock market, particularly focusing on the performance of the Hong Kong stock market and the pharmaceutical sector, while also addressing the impact of tariff announcements by former President Trump on global markets. Group 1: Market Performance - The stock market experienced a rise in the morning but turned to a decline by the afternoon, with both large and small-cap stocks showing similar minor declines [1][4][5] - The pharmaceutical and medical sectors remained relatively strong, showing slight increases [6] - The Hong Kong stock market also saw a decline in the afternoon but rebounded towards the end of the trading session, with overall slight gains [7][8] Group 2: Global Market Influences - Global markets have shown volatility, particularly following Trump's announcement of increased tariffs on European goods, which led to significant drops in European stock indices [12][13] - The U.S. stock market also experienced fluctuations after the announcement, reflecting a broader trend of market instability due to tariff concerns [14][15] - The increase in tariffs could potentially lead to higher inflation rates in the U.S., affecting the Federal Reserve's interest rate decisions [18] Group 3: Hong Kong Pharmaceutical Sector - The article highlights the performance of the Hong Kong pharmaceutical sector, noting that it has outperformed the A-share market, with the Hang Seng Index rising by 20% compared to A-share indices since the Lunar New Year [34] - The article provides insights into the valuation of pharmaceutical stocks in both A-shares and Hong Kong, indicating that many A-share pharmaceutical stocks are still at historical lows, while Hong Kong stocks are closer to normal valuation levels [42][43] - The article includes a valuation table for various indices, showing metrics such as price-to-earnings ratios and dividend yields for the Hong Kong healthcare sector [36][40][41]

据俄罗斯经济部数据，截至5月19日，俄罗斯年度 通货膨胀率为9.90%，一周前为10%。 ...

印度尼西亚财政部长：预计2026年总体 通货膨胀率为1.5% - 3.5%。 ...

德国联邦统计局5月14日发布的数据显示，德国4月通货膨胀率为2.1%。通货膨胀率自年初以来持续下 降，3月为2.2%，1月和2月均为2.3%。德国联邦统计局还报告称，能源价格的下降对4月的通胀产生了 显著的下行影响。与3月相比，4月消费者价格指数上涨了0.4%。(央视新闻) ...

*纳斯达克中国金龙指数小幅下跌。 周五美股窄幅波动，投资者等待周末重磅贸易谈判的结果。截至收盘，道指跌119.07点，跌幅0.29%， 报41249.38点，纳指微涨不到0.01%，报17928.92点，标普500指数跌0.07%，报5659.91点。道指周跌 0.16%，纳指周跌0.27%，标普500指数周跌0.47%。 市场概述 周四，市场对英国和美国之间达成的贸易协议表示欢迎，这是自美国总统特朗普宣布暂停关税90天以来 的首份协议。 据媒体援引消息人士的话称，印度已提出将与美国的关税差距从现在的近13%削减到不到4%，以换取 特朗普的关税豁免。 需求预期升温，国际油价反弹超1.5%。 *三大股指窄幅震荡，纳指平盘； *美联储巴尔：贸易关税可能推高通胀和失业率； 美联储理事巴尔表示，在预期的经济放缓中，美国政府的贸易关税可能会提高通货膨胀率和失业率。 中长期美债收益率窄幅波动，与利率预期关联密切的2年期美债跌1.2个基点至4.88%，基准10年期美债 平盘。市场定价显示，美联储有望在7月重启降息。 个股方面，特斯拉收涨4.7%，报道称，4月特斯拉在英国的销量被多家中国汽车制造商超越。 明星科技股涨跌互现， ...

据阿根廷央行市场预期调查，阿根廷2025年底的通货膨胀率预计为31.8%，较之前的预测上升了4.3个百 分点。 ...

Group 1 - The Argentine financial market is experiencing a new phase due to the recent foreign exchange liberalization policy implemented by President Milei's government, leading to a stable dollar exchange rate [1][3] - The wholesale dollar price decreased by 4.50 pesos (approximately 0.4%) to 1,169.50 pesos per dollar, with an overall increase of 91.5 pesos (8.5%) since the government relaxed foreign exchange controls on April 11 [3] - The average dollar selling price at banks is reported at 1,193.61 pesos, with a buying price of 1,064.56 pesos, while the informal market (blue dollar) rate fell by 15 pesos (1.2%) to 1,210 pesos, narrowing the gap with the official rate to just 3.5% [3][4] Group 2 - Financial analysis firm GrupoSBS noted that the market is in a price consolidation phase, emphasizing the importance of observing at what level the exchange rate stabilizes to return to a declining inflation trajectory [4] - The central bank has not intervened in the foreign exchange market for eight consecutive trading days, with spot trading volume reaching $683.7 million and international reserves increasing by $89 million to $39.165 billion, the highest level since February 23, 2023 [4] - The Argentine stock market, represented by the S&P Merval index, saw a slight decline of 0.3% to 2,225,243 points, indicating a selective trading environment, while local factors are increasingly influencing the performance of Argentine global bonds [5]