Group 1 - The core viewpoint of the articles is that the U.S. Court of Appeals has allowed the Trump administration to continue implementing its global tariff measures, despite a lower court ruling that deemed such measures unauthorized under the International Emergency Economic Powers Act [1][2] - The U.S. International Trade Court had previously ruled against the Trump administration's tariffs, but the Court of Appeals has temporarily suspended this ruling, indicating that the government's position is "reasonable" [1][2] - The case has been classified as an "extremely important issue" by the appellate court, which has expedited the hearing process, with a debate scheduled for July 31 [2] Group 2 - Investors should be aware that the 90-day suspension period for most of the "reciprocal" tariffs announced by Trump will expire in about a month, potentially leading to significant increases in tariff rates unless a trade agreement is reached or the suspension is extended [2] - The global market has experienced significant volatility since the announcement of the "reciprocal" tariffs, with market values fluctuating by trillions of dollars amid delays, policy reversals, and potential trade agreements [2] - The recent court ruling suggests that Trump's tariff policy will remain effective in the short term, which may continue to impact global trade flows and market sentiment [2]

Group 1: Global Sovereign Debt Outlook - Fitch Ratings has downgraded the global sovereign debt outlook for 2025 from "neutral" to "deteriorating" due to escalating global trade wars and extreme policy uncertainty [1] - The global GDP growth rate is expected to slow from 2.9% in 2024 to 2% in 2025, driven by significant adverse global economic shocks [1] - The report highlights a vicious cycle of uncertainty affecting global trade volumes, supply chains, and investment environments, which may create a more complex market environment than the trade tensions of 2018 [1] Group 2: Oil Market Impact - Fitch predicts that Brent crude oil prices will decline from $79.5 per barrel in 2024 to $65 per barrel in 2025, putting significant pressure on major oil-exporting countries' economies and finances [2] Group 3: Emerging Markets Risks - The reduction of U.S. international aid will expose already vulnerable emerging markets to additional risks [3] - However, the depreciation of the dollar may serve as a "lifeline" for some emerging markets, easing their debt burdens and providing central banks with more room to cut interest rates to stimulate their economies [4] Group 4: Structural Economic Challenges - Global public finances are expected to remain under pressure in 2025, particularly in developed markets, due to rising defense spending, high interest costs, aging populations, weak economic growth, and ongoing social pressures [5] - The median global government debt-to-GDP ratio is projected to rise from 54.1% at the end of 2024 to 54.5% at the end of 2025, indicating an increasing debt burden [5] Group 5: Geopolitical Risks - Geopolitical risks remain high, with ongoing conflicts in Ukraine and the Middle East, intensifying U.S.-China strategic competition, and fluctuating U.S. foreign policy adding complexity to the situation [6] Group 6: Rating Outlook - Despite numerous challenges, Fitch's mid-2025 rating outlook remains relatively balanced, with 13 countries receiving positive outlooks, slightly higher than the 10 countries with negative outlooks [7] - A series of rating downgrades since 2020 has created "headroom" for some countries, enhancing their resilience against deteriorating credit conditions [8] - The effectiveness of policy responses will be crucial in determining the direction of ratings, with timely interventions potentially supporting sovereign credit ratings [9]

Group 1 - CoGoLinks has officially established its mainland headquarters in Hangzhou, enhancing the city's digital trade development and cross-border service ecosystem [1][3] - Hangzhou government aims to build a global cross-border payment settlement center, supporting the global layout of cross-border payment institutions [3] - CoGoLinks is part of the Jiexing Technology Group, which has developed four core business sectors over 20 years, including smart payment and cross-border payment [1][4] Group 2 - Since its independent operation in 2019, CoGoLinks has become a strategic core of Jiexing Technology Group's global layout, entering the cross-border payment market in 2021 [4] - As of Q1 2025, CoGoLinks has established settlement channels for nearly 20 currencies, supporting over 80 cross-border trade platforms across more than 100 countries and regions [4] - The company serves over 210,000 cross-border trade digital stores, with clients spanning major cross-border e-commerce platforms and traditional foreign trade sectors [4][5] Group 3 - The transition of China's foreign trade from "goods export" to "enterprise going global" is accelerating, promoting the upgrade of Chinese manufacturing to "intelligent manufacturing" [4] - CoGoLinks aims to integrate into Hangzhou's digital trade ecosystem, leveraging government support to expand its cross-border payment services and improve service quality [5] - The company plans to actively participate in the construction of Hangzhou's global digital trade port core area, contributing to the development of the entire digital trade industry chain [5]

金十数据6月11日讯，欧洲央行行长拉加德在演讲中表示，如果我们希望认真对待维护繁荣的目标，就 必须寻求合作解决方案——即使面临地缘政治分歧。这意味着，（贸易）盈余和逆差国都必须承担责 任，履行自身的角色。所有国家都应审视其结构性和财政政策，探讨如何调整以减少自身在激化贸易紧 张局势中的作用。此外，各国央行也应发挥作用，依据各自的职责担当，继续实施着眼于稳定的政策， 以应对日益增加的波动与不稳定。在这个日益碎片化的世界中，各地区需要携手合作，维护近年来带来 繁荣的全球贸易。可惜的是，考虑到当前的地缘政治局势，这一挑战比以往任何时候都要艰巨。 拉加德：要维护繁荣目标 需寻求合作解决方案 ...

金十数据6月11日讯，欧洲央行行长拉加德在演讲中表示，强制性贸易政策不是解决当今贸易紧张局势 的可持续办法。保护主义在缓解失衡问题时，并非解决根源问题，而是在侵蚀全球繁荣的基础。随着各 国如今通过全球供应链深度融合——但地缘政治上不再像过去那样结盟——这种风险比以往任何时候都 更大。强制性贸易政策更有可能引发报复，并导致对双方都有害的结果。欧洲央行近期的分析强调了我 们面临的共同风险。我们的工作人员发现，如果全球贸易分裂成相互竞争的集团，世界贸易将大幅收 缩，每个主要经济体的情况都会更糟。 拉加德：强制性的贸易政策无法持续 保护主义不能解决根源问题 ...

Core Viewpoint - Fitch Ratings indicates that rising trade tariffs and policy uncertainty will weaken global growth prospects and exacerbate the risks of tightening financial conditions [1] Group 1: Global Economic Impact - The escalation of the global trade war and uncertainty regarding tariff outcomes pose significant negative shocks to the global economy [1] - The impact on global trade volume, supply chains, investment, and international relations is substantial [1] Group 2: Financial Environment - High levels of public finance and political risks remain prevalent [1] - The uncertainty regarding the extent and timing of price and economic activity impacts further complicates the Federal Reserve's policy interest rate path and increases volatility risks in the financial environment [1]

世界银行：美国平均关税进一步上调10%可能导致2025年下半年全球贸易陷入停滞。 ...

Core Viewpoint - The World Bank has revised its global trade growth forecast for 2025 down to 1.8%, a decrease from the 3.4% projected for 2024 [1] Group 1 - The global trade growth rate for 2025 is now expected to be significantly lower than previously anticipated [1] - The adjustment reflects ongoing economic challenges and uncertainties affecting international trade [1]

当周被购入的普通股包括：环汇(GPN.US)、塔吉特(TGT.US)、第一资本信贷(COF.US)、卡特彼勒 (CAT.US)、埃克森美孚(XOM.US)、摩根大通(JPM.US)、微软(MSFT.US)、英伟达(NVDA.US)和特斯拉 (TSLA.US)。 该分析进一步表明，两位议员——众议员Ro Khanna和Rob Bresnahan——本人或其家属的交易记录最为 繁多。而这两位议员是过去曾要求实施股票交易禁令的那几位立法者中的两位——去年，由两党议员组 成的联盟提出了一项国会股票交易禁令提案，旨在防止议员利用内部消息获利。 根据该报告，在这段时间内，霍尼韦尔(HON.US)、埃森哲(ACN.US)和Visa(V.US)是卖出量最大的股 票，而MKS仪器(MKSI.US)和亚马逊(AMZN.US)则是购买量最大的股票。 在"解放周"申报文件中出售的其他普通股包括苹果公司(AAPL.US)、雅培(ABT.US)、雷神技术 (RTX.US)、Okta(OKTA.US)、美国银行(BAC.US)、博通(AVGO.US)、思科(CSCO.US)、亿滋 (MDLZ.US)以及联合健康(UNH.US)。 智通财经 ...

Group 1: Gold Market Analysis - The recent gold price experienced fluctuations, with a peak at $3338 before a decline, indicating a strong resistance level at $3339, suggesting a continuation of bearish trends if not surpassed [2][3][5] - The geopolitical tensions between the US and China have eased, which traditionally supports gold prices; however, this reduction in tension has diminished gold's appeal as a safe-haven asset [2][5] - Current trading strategies recommend focusing on short positions during rebounds, with key resistance levels identified at $3345-$3355 and support levels at $3310-$3300 [5][3] Group 2: Oil Market Analysis - Oil prices have seen a slight increase, with Brent crude reaching $67.16 and WTI at $65.42, driven by expectations of positive outcomes from US-China trade negotiations [6][7] - The market is currently influenced by multiple factors, including potential supply surplus due to increased Iranian exports and OPEC's production strategies, which could suppress oil prices in the latter half of the year [6] - Technical analysis indicates a potential upward trend if oil prices break through resistance levels, with short-term strategies suggesting selling on rebounds and buying on dips, focusing on resistance at $66.5-$67.0 and support at $64.0-$63.5 [7][6]