沪指6月27日下跌0.70%，申万所属行业中，今日上涨的有18个，涨幅居前的行业为有色金属、通信， 涨幅分别为2.17%、1.79%。纺织服饰行业位居今日涨幅榜第三。跌幅居前的行业为银行、公用事业， 跌幅分别为2.95%、1.01%。 资金面上看，两市主力资金全天净流出194.12亿元，今日有8个行业主力资金净流入，通信行业主力资 金净流入规模居首，该行业今日上涨1.79%，全天净流入资金25.79亿元，其次是电子行业，日涨幅为 0.92%，净流入资金为24.35亿元。 | | | 纺织服饰行业今日上涨1.23%，全天主力资金净流入1.95亿元，该行业所属的个股共105只，今日上涨的 有84只，涨停的有6只；下跌的有17只。以资金流向数据进行统计，该行业资金净流入的个股有45只， 其中，净流入资金超3000万元的有5只，净流入资金居首的是际华集团，今日净流入资金2.88亿元，紧 随其后的是飞亚达、金一文化，净流入资金分别为1.65亿元、1.01亿元。纺织服饰行业资金净流出个股 中，资金净流出超千万元的有11只，净流出资金居前的有万里马、棒杰股份、南山智尚，净流出资金分 别为2.42亿元、3500.01万元、2 ...

证券时报·数据宝统计，今日有8个行业主力资金净流入，23个行业主力资金净流出。资金净流入金额最 大的行业为通信，涨跌幅1.79%，整体换手率2.23%，成交量较前一个交易日变动6.42%，主力资金净流 量25.79亿元；今日资金净流出最大的行业为计算机，涨跌幅-0.36%，整体换手率5.14%，成交量较前一 个交易日变动-11.92%，主力资金净流量-66.30亿元。（数据宝） | 公用事 | 33.23 | 7.86 | 0.84 | -1.01 | -6.68 | | --- | --- | --- | --- | --- | --- | | 业 | | | | | | | 食品饮 | 12.35 | -12.40 | 1.35 | -0.80 | -8.84 | | 料 | | | | | | | 非银金 | 107.59 | 6.34 | 2.60 | -0.43 | -9.86 | | 融 | | | | | | | 商贸零 售 | 31.19 | 8.22 | 2.58 | -0.79 | -10.50 | | 传媒 | 38.21 | -13.35 | 2.61 | -0.06 | -15.23 ...

投资咨询业务资格:证监许可【2012】31号 【C 国贸易所得 股 指 行 信 综 回顾:昨日收盘,沪深300下跌0.35%至3946;上证50下跌0.34%至 2738.5: 中证500下跌0.41%至5838.2: 中证1000下跌0.45%至6247.8。沪 深两市成交额15832亿,较昨日小幅缩量196亿。行业板块涨少跌多,船 舶制造、旅游酒店、采掘行业、多元金融、银行板块涨幅居前,化学制 药、半导体、医疗服务、美容护理、汽车整车板块跌幅居前。 热评:昨日股指小幅收跌,前两日强势领涨的金融板块有所走弱,但市 场成交量维持高位,接近1.6万亿水平。当前国内外消息面较为真空,股 指经历强势突破后,在情绪和流动性的驱动下进一步走强的概率较高, 后续关注宏观增量信息对股指方向的指引。本周股指强势上涨的主要原 因有三:一是伊以局势快速反转,以伊全面停火,地缘政治冲突的扰动 缓解。二是,特朗普表示美国利率应该至少调降200-300个bp,海外降息 预期提升。三是近期几次重要会议和高层讲话显示国内金融政策对外开 放步伐加快,海外资金流入预期增强。 宏观金融数据日报 国贸期货研究院 宏观金融研究中心 郑雨婷 期货执业 ...

Core Viewpoint - Palladium prices are gaining attention in the precious metals market, with expectations of breaking the 300 yuan/gram barrier amid significant increases in gold and platinum prices. However, achieving this goal requires careful consideration of supply-demand dynamics, industry changes, macroeconomic conditions, and capital flows [1]. Supply and Demand Dynamics - The palladium market is at a critical juncture between traditional demand and emerging sectors. While traditional automotive demand remains dominant, it faces challenges from the shift towards electrification. Global sales of fuel vehicles are declining, but the rise of hybrid vehicles (HEV/PHEV) supports palladium demand, as they require three times more palladium than pure electric vehicles. Additionally, the commercialization of hydrogen fuel cell vehicles is accelerating, with each vehicle requiring 50-100 grams of palladium catalyst, potentially leading to a new growth point for palladium demand [1][3]. Supply Challenges - The palladium market faces significant supply challenges, with over 75% of global production concentrated in Russia and South Africa. Geopolitical risks and power crises are affecting these major producing countries. Western sanctions have limited palladium exports from Russia, while South Africa is experiencing frequent production cuts due to electricity shortages. Although recycling technology has improved, accounting for 15%-20% of total demand, it cannot fully compensate for the shortfall in primary mine supply [3]. Market Sentiment - Recent price increases in palladium are driven by market sentiment, influenced by the recovery of the automotive industry, escalating geopolitical conflicts, and supply chain restructuring. Global fuel vehicle sales rose by 4.8% year-on-year in the first quarter, breaking a three-year decline. Major automakers like Tesla and Volkswagen are accelerating their hybrid vehicle strategies, further boosting palladium demand. Additionally, production cuts in Russia and South Africa due to geopolitical tensions and extreme weather have led to the lowest visible global palladium inventory in nearly a decade, raising concerns about supply shortages [3][5]. Capital Flows - Palladium is becoming a key choice for capital seeking safe-haven assets due to its industrial and financial attributes. In the context of the Federal Reserve's hawkish policies causing divergence in the precious metals sector, palladium prices have risen against the trend. The A-share precious metals sector has seen significant net inflows into leading stocks, indicating strong market interest in palladium [5]. Technical Analysis and Price Trends - Technically, palladium prices are expected to maintain a short-term strong oscillation trend. Domestic palladium prices are fluctuating in the range of 272-274 yuan/gram, with an average price of 273 yuan/gram, up by 2 yuan from the previous day. International palladium prices have also risen, with spot palladium increasing by 8.00%, reaching a peak of 1149.99 USD/ounce. However, to break the 300 yuan/gram barrier, palladium must overcome several resistance levels, particularly at 250 yuan/gram and 265 yuan/gram [5]. Long-term Outlook - The long-term trajectory of palladium prices will depend on several key variables, including the stability of fuel vehicle sales and the continued increase in the share of hybrid vehicles, which are crucial for supporting traditional palladium demand. The acceleration of hydrogen fuel cell vehicle commercialization will also drive demand growth in emerging sectors. Furthermore, the stability of supply and advancements in palladium recycling technology will significantly impact palladium prices [7].

Core Viewpoint - The Shanghai Composite Index has entered a bullish phase after a period of consolidation, with significant market movements and increased trading volume indicating a strong upward trend in technology stocks [1][3]. Market Performance - The Shanghai Composite Index broke through the purple trend line at 3400 and the intersection at 3413, signaling a high level of effectiveness in the market's upward movement [1]. - The three major indices closed higher, with trading volume exceeding 1.5 trillion, indicating an influx of new capital [1]. - The market is currently in a pullback confirmation phase, with key support levels being monitored for healthy operational rhythm [1]. Sector Analysis - Technology stocks are showing strong performance, solidifying their leading position in the market [1]. - The ChiNext Index is accelerating its technical recovery, which is expected to lead the rotation of small and mid-cap technology stocks [1]. Investment Strategy - The recommendation is to adopt a low-buy strategy, focusing on core technology sector stocks [1].

Group 1 - The core point of the article indicates that the main funds in the Shanghai and Shenzhen stock markets experienced a net outflow of 26.714 billion yuan, accounting for 1.73% of the total [1] - Large single orders saw a net outflow of 15.874 billion yuan, representing 1.03% of the total [1] - Small single orders, however, recorded a net inflow of 28.358 billion yuan, which is 1.84% of the total [1]

Group 1 - 11 industries experienced net inflows of main funds, with the communication industry leading at 21.57 billion yuan [1] - The food and beverage, and transportation industries also saw significant inflows of 3.21 billion yuan and 1.92 billion yuan respectively [1] - The computer industry had the highest net outflow of main funds, totaling 50.62 billion yuan, followed by non-bank financials, electric equipment, automotive, electronics, and defense industries, each exceeding 20 billion yuan [1] Group 2 - Six stocks had net inflows exceeding 3 billion yuan, with Chutianlong receiving 6.34 billion yuan, leading to a rapid rise and subsequent halt in trading [2] - Zhongji Xuchuang saw a net inflow of 5.5 billion yuan, with expectations of significant market share in the 2024 global 800G optical module market [2] - 85 stocks experienced net outflows exceeding 1 billion yuan, with BYD and Dongfang Caifu facing substantial outflows of 19.48 billion yuan and 17.16 billion yuan respectively [2] Group 3 - At the market close, there was a net outflow of 43.45 billion yuan, with only the banking sector showing a net inflow exceeding 1 billion yuan [3] - High Weida had a net inflow of 66.27 million yuan, focusing on providing comprehensive technology services for financial institutions [3] - BYD, Zhongbing Hongjian, and Dongfang Caifu had the largest net outflows at the close, each exceeding 1 billion yuan [3]

行业资金流向方面，今日有6个行业主力资金净流入，通信行业主力资金净流入规模居首，该行业今日 上涨0.77%，全天净流入资金24.72亿元，其次是社会服务行业，日涨幅为0.42%，净流入资金为2.81亿 元。 主力资金净流出的行业有25个，非银金融行业主力资金净流出规模居首，今日下跌1.20%，全天净流出 资金58.31亿元，其次是电力设备行业，今日跌幅为0.75%，净流出资金为44.43亿元，净流出资金较多 的还有汽车、电子、计算机等行业。 今日各行业资金流向 | 行业 | 日涨跌幅（%） | 资金流向（亿元） | 行业 | 日涨跌幅（%） | 资金流向（亿元） | | --- | --- | --- | --- | --- | --- | | 通信 | 0.77 | 24.72 | 公用事业 | -0.05 | -3.42 | | 社会服务 | 0.42 | 2.81 | 家用电器 | -0.23 | -3.52 | | 食品饮料 | -0.61 | 2.67 | 交通运输 | -0.55 | -3.78 | | 银行 | 1.01 | 1.41 | 房地产 | -0.43 | -4.41 | | 传媒 | ...

| 房地产 | 26.21 | -8.36 | 1.20 | -0.43 | -4.41 | | --- | --- | --- | --- | --- | --- | | 有色金 | 39.28 | 10.49 | 1.80 | 0.12 | -6.71 | | 属 | | | | | | | 商贸零 | 28.82 | -0.35 | 2.38 | -0.03 | -7.56 | | 售 | | | | | | | 机械设 备 | 74.14 | 1.31 | 2.74 | -0.53 | -17.40 | | 基础化 | 73.90 | 0.51 | 2.76 | -0.29 | -20.34 | | 工 | | | | | | | 国防军 | 54.05 | 19.64 | 5.01 | 0.55 | -21.65 | | 工 | | | | | | | 医药生 | 47.04 | -4.71 | 1.72 | -1.05 | -28.19 | | 物 | | | | | | | 计算机 | 104.01 | 9.33 | 5.83 | 0.23 | -32.72 | | 电子 | 85.84 | - ...

以下文章来源于金十财经 ，作者金十小金 金十财经 . 每日8点，为您呈上金融投资行业的国际动态、财经数据和市场观察。 来源 | 金十财经 包括摩根士丹利和高盛集团在内的少数几家银行的分析师都指出了所谓的"交叉货币基差掉期"最 近的转变——这是一个衡量在现金市场借贷成本之外， 将一种货币兑换成另一种货币所需额外成 本的指标。 当对某种特定货币的需求增加时，这种额外成本或溢价就会上升；同样，当需求不那么强劲时， 它就会下降，甚至可能变为负数。 这些分析师指出， 当市场在4月份因美国总统特朗普宣布"解放日"关税而暴跌时，以基差互换衡 量的对美元的偏好相对较小且短暂 。与此同时，对欧元和日元等其他货币的需求却在增长。这与 过去二十年里出现的几次安全资产争夺战形成了鲜明对比，例如在疫情爆发之初，美元在全球融 资市场上曾长期享有溢价。 随着时间的推移， 这种对美元流动性偏好的减弱，特别是相对于欧元而言，最终可能导致借入欧 元的成本相对于美元更高。 在美国货币在世界金融中的卓越地位日益受到质疑之际，这对它构成 了挑战。 包括Koichi Sugisaki和Francesco Grechi在内的摩根士丹利团队在一份6月的报告 ...