7月22日，外交部发言人郭嘉昆主持例行记者会。 外交部：望美方同中方一道通过对话沟通增进共识 有记者就美国财长近期关于中美经贸磋商相关言论提问。 对此，郭嘉昆表示，我没有可以提供的具体情况。中国是法治国家，依法处理出入境事务。 外交部：中欧举行领导人会晤 深化对话合作 有记者就即将举行的第二十五次中国—欧盟领导人会晤相关问题提问。 对此，郭嘉昆表示，今年是中国同欧盟建交50周年，也是联合国成立80周年。半个世纪以来，中欧关系已 经成为世界上最具影响力的双边关系之一，中欧合作取得丰硕成果，有力支持彼此的发展进步，为近20亿 中欧人民带来实实在在的福祉，为促进世界和平与发展作出重要贡献，为经济全球化时代互利合作树立了 典范。 郭嘉昆指出，当前中欧关系正处在承前启后，继往开来的重要时刻，既迎来新机遇，也面临新挑战。在目 前国际局势动荡加剧，单边主义、保护主义甚嚣尘上的背景下，中欧举行领导人会晤，加强战略沟通，深 化对话合作，不仅有利于双方，也有利于世界。中方愿同欧方共同努力，通过一次成功会晤，对外发出中 欧致力于加强伙伴关系，共同维护多边主义和开放合作的积极信号。 郭嘉昆表示，在关税问题上，中方立场是一贯和明确的。 ...

智通财经7月22日电，据央视新闻，7月22日，外交部发言人郭嘉昆主持例行记者会。有记者就美国财长 近期关于中美经贸磋商相关言论提问。郭嘉昆表示，在关税问题上，中方立场是一贯和明确的。希望美 方同中方一道，落实两国元首通话达成的重要共识，发挥中美经贸磋商机制的作用，通过对话沟通增进 共识、减少误解、加强合作，推动中美关系稳定、健康、可持续发展。具体情况请向主管部门询问。 外交部：望美方同中方一道通过对话沟通增进共识 ...

Group 1: Precious Metals Market - Gold prices are expected to remain in the range of $3,120 to $3,500, with a low probability of breaking above $3,500 in July due to the absence of interest rate cuts [2][50] - Silver is projected to maintain a high level above $34.50, with potential for new highs driven by expectations of U.S. interest rate cuts in the second half of the year [3][51] - Copper prices are supported at $4.85, with expectations of maintaining a range between $4.85 and $5.30 due to reduced supply and tariff risks [4][51] Group 2: Currency Market - The euro is trading around 1.18300, near its 2021 peak, with potential for a pullback but a long-term bullish outlook remains [5][54] - The British pound has shown an upward trend, with a focus on potential short-term pullbacks due to interest rate cut expectations, while medium-term prospects remain positive [6][55] - The Japanese yen is expected to remain weak, trading in the range of 140.50 to 149.60, due to economic challenges and trade negotiation uncertainties [7][56] Group 3: Commodity Market - Oil prices are likely to fluctuate between $60 and $70, influenced by geopolitical tensions and seasonal demand, despite high supply levels [8][57] - Cocoa prices are expected to remain above $7,500 due to supply shortages driven by adverse weather conditions, with potential impacts from other soft commodities [9][58] Group 4: Equity Market - U.S. stock indices are facing potential pullbacks in July, with the Federal Reserve likely to maintain interest rates, but long-term bullish trends are anticipated due to expected rate cuts later in the year [10][58] - The Nikkei 225 is projected to trade between 38,750 and 41,500, with caution advised due to underlying economic weaknesses and trade negotiation uncertainties [12][59]

本公司具备期货交易咨询业务资格，请务必阅读最后一页免责声明。 冠通期货 每周核心策略推荐 铜 | 品种 | 交易逻辑 | 多空观点 | 操作建议 | | --- | --- | --- | --- | | | 本周沪铜先扬后抑,宏观来看,本周国际市场地缘冲突为主要矛盾,伊以冲突加剧全球经济不确定性,原油价格上涨助推全球通货膨胀速 | | | | | 度,美元指数反弹,压制了有色市场的上涨空间,周三美联储议息仍按兵不动。预计今年仍降息两次共50个基点,目前市场关注伊朗是否 | | | | | 封锁霍尔木兹海峡。若其真正封锁,将对全球经济造成冲击。供给方面,截至2025年6月20日,现货租炼带为-43.70美元/于吨,现货精炼 | | | | | 费为-4.36美分/磅。目前铜冶炼端偏紧预期暂时只反映在数据上,铜供应量依然在走强,库存端全球铜库存去化,其中套利驱使下,伦铜 | | | | | 太幅去化，美铜依然在快速赛库，国内目前银去化幅度较缓。主要系建低净货为主。需求方面，截至2025年4月，电解铜表观消费128.27万 | | | | | 吨,相比上月涨跌-8.97万吨,涨跌幅-6.54%。全球经济不确定性的 ...

Group 1 - The U.S. has lifted export restrictions on Electronic Design Automation (EDA) software to China, indicating progress in the trade agreement framework between the two countries [1][2][3] - The three major EDA suppliers—Synopsys, Cadence, and Siemens—have resumed services to Chinese clients, collectively holding over 74% of the global EDA market and more than 70% of the Chinese market [2][3] - EDA software is crucial for chip design, often referred to as the "mother of chips," and is essential for the design and testing of next-generation semiconductors [2][3] Group 2 - In the 2024 fiscal year, the Chinese market is expected to contribute 16% and 12% to the total revenues of Synopsys and Cadence, respectively [3] - Following the announcement of the export ban, Synopsys suspended its financial guidance for the third quarter and full year of fiscal 2025, leading to a stock price drop of over 11% in late May [3] - The U.S. government has also lifted restrictions on the export of ethane to China, which were previously imposed in response to China's export controls on rare earth materials [6]

Group 1: Federal Reserve and Economic Impact - Federal Reserve official Bostic reiterated the expectation of a rate cut within the year, which initially pressured gold prices around $3295 [1] - The announcement of seeking a successor for Fed Chair Powell by the U.S. Treasury Secretary raised market concerns [1] - Trump's comments on the trade war with China contrasted sharply with China's stance, casting a shadow over U.S.-China trade negotiations [1] Group 2: Gold Market Analysis - Following the Treasury Secretary's comments, gold prices rebounded, showing a bullish trend after finding support at $3250 [1] - The key resistance level for gold today is identified at $3320, which will determine market direction [1] Group 3: Oil Market Dynamics - Geopolitical easing has reduced potential supply risks, with expectations of maintaining an increase of 411,000 barrels per day in the upcoming OPEC+ meeting [1] - Seasonal demand from summer travel in Europe and the U.S. is expected to boost oil consumption, with positive signals from tariff negotiations [2] - The oil market is currently in a range between $63.95 and $66.90, suggesting a strategy of buying low and selling high [2] Group 4: Stock Market Trends - The Nasdaq index continues its upward trend, although pressure from Trump's comments has increased market volatility [4] - The dollar index has weakened, breaking below the previous low of 96.97, indicating a bearish trend [4]

Group 1 - In the first half of 2025, the RMB to USD exchange rate experienced a cumulative appreciation of over 1.82%, with a closing rate of 7.1656 on June 30 [1] - The lowest point of the RMB to USD exchange rate was 7.3506 on April 9, while the highest point was 7.1565 on June 26, resulting in a fluctuation range of 2.6% for the first half of the year [1] - The report from Industrial Bank Research indicates that the "Trump trade" affecting the USD exchange rate continued until January 2025, followed by a decrease in the USD to RMB central rate due to the lack of announced tariff measures [1] Group 2 - In June, the RMB to USD exchange rate appreciated by 0.4%, marking two consecutive months of strengthening [2] - The macro team at CITIC Securities noted that the RMB exchange rate exhibited characteristics of "low volatility and resilience" amid a weaker USD, with the USD to RMB exchange rate remaining stable within the 7.17-7.18 range [2] - The People's Bank of China emphasized the need to enhance the resilience of the foreign exchange market and stabilize market expectations, indicating a marginally more relaxed stance compared to the previous quarter [2] Group 3 - Looking ahead to the second half of 2025, the USD to RMB exchange rate is expected to show a fluctuating trend, with strong resistance/support levels at the previous high of 7.35 and the low of 7.00 from 2024 [3]

Group 1 - The U.S. has been imposing "reciprocal tariffs" on global trade partners since April, which is viewed as unilateral bullying that disrupts the multilateral trade system [1] - China firmly opposes the U.S. approach and emphasizes the importance of defending international trade rules and the multilateral trade system [1] - China calls for all parties to engage in equal negotiations to resolve trade differences with the U.S. and warns against sacrificing its interests for tariff reductions [1] Group 2 - Following the consensus between the leaders of China and the U.S., both countries' economic teams reached a principle agreement on a framework during trade talks in London [3] - China will expedite the approval of export applications for controlled items, while the U.S. will lift a series of restrictive measures against China [3] - Both sides aim to enhance communication and cooperation to promote a healthy, stable, and sustainable development of China-U.S. economic relations [3]

商务部新闻发言人就中美伦敦框架有关情况答记者问。 有记者问：近日，美方有关官员和媒体称，中美已就落实日内瓦共识的框架达成了补充谅解，中国将加快向美国出口稀土，美方相应取消对华有关限制措 施。请问商务部对此有何评论？ 答：在中美两国元首共识指引下，双方经贸团队于6月9日至10日在伦敦举行经贸会谈，就落实两国元首6月5日通话重要共识和巩固日内瓦经贸会谈成果的 框架达成原则一致。伦敦会谈后，中美双方团队保持着密切沟通。近日，经批准，双方进一步确认了框架细节。中方将依法审批符合条件的管制物项出口 申请。美方将相应取消对华采取的一系列限制性措施。期望美方与中方相向而行，按照两国元首6月5日通话重要共识和要求，进一步发挥好中美经贸磋商 机制作用，不断增进共识、减少误解、加强合作，共同推动中美经贸关系健康、稳定、可持续发展。 在6月12日的例行新闻发布会上，CGTN记者提问：我们注意到，美国总统特朗普在社交平台发文称，中美已达成协议，美国将对华征收55%的关税，中 国将对美征收10%的关税，并且中国将和之前一样向美国出口磁体和稀土材料，请问发言人有何评论？ 对此，商务部新闻发言人何亚东表示，据了解，中美经贸磋商机制首次会议 ...

Core Viewpoint - The Chinese yuan has shown characteristics of "low volatility + resilience" since June, achieving a basic "triple price unity" [1] Group 1: Factors Influencing Yuan Resilience - The weakening trend of the US dollar index has contributed to the resilience of the yuan [1] - Domestic fundamentals and policy initiatives have provided support for the yuan [1] - The central bank's flexible operations to stabilize the exchange rate have played a crucial role [1] - The release of demand for foreign exchange settlement from clients has also bolstered the yuan's resilience [1] Group 2: Future Outlook - The existing US tariffs on China will continue to exert pressure on exports, which remains a concern [1] - The key factors for the yuan's exchange rate will be the effectiveness of domestic consumption policies and the progress of Sino-US trade negotiations after a potential easing of tariffs [1] - With the central bank's flexible exchange rate stabilization policies, the yuan is expected to maintain a low volatility state in the short term [1]