市场要闻与重要数据 昨日，在经济数据方面，美国初请失业金人数激增至8个月新高。美国贸易逆差因特朗普关税导致进口大跌而锐减 55.5%，至616亿美元。此外，欧洲央行将三大关键利率下调25个基点。拉加德暗示降息周期将结束，市场不再完 全定价年内再降息25个基点。地缘方面，特朗普称短时间内促成俄乌立即停火比较困难，暗示可能会同时制裁俄 乌双方。昨日，白银价格大幅走强，自2012年2月以来首次站上36美元/盎司关口。这或许与特朗普宣布提升钢铝 关税至50%，导致Comex品种溢价再度上行带动绝对价格一起走高，同时期权市场看涨期权的隐含波动率也相对 偏高，显示出买涨情绪相对浓厚。 贵金属日报 | 2025-06-06 白银价格大幅走高 特朗普关税政策依然多变 2025-06-05，沪银主力合约开于 8454元/千克，收于 8473元/千克，较前一交易日收盘-1.31%。当日成交量为 319303手，持仓量 378282手。昨日夜盘沪银主力合约开于 8,719 元/千克，收于 8,715 元/千克，较昨日午后收盘 上涨2.89%。 美债收益率与利差监控： 2025-06-05，美国 10 年期国债利率收于4.37%，较 ...

Group 1 - The core viewpoint of the article is that the Chinese consumer market has entered a "new normal" characterized by single-digit growth, which reflects a slowdown compared to the previous double-digit growth, but the actual situation may not be as bleak as perceived [4][6][11] - The report from McKinsey indicates that the annual total consumption is expected to grow by 2.3% in 2025, which is consistent with the 2024 survey's expectation of 2.4%, showing resilience in consumer behavior [7][8] - Key factors supporting this growth include the steady progress of urbanization, with the urbanization rate increasing from 65.2% in 2022 to 67.0% in 2024, leading to an expected 0.9% growth in urban households in 2025 [9][10] Group 2 - Consumer confidence is stabilizing but shows significant differentiation among different demographics, with 74% of respondents expressing optimism about the macroeconomic situation in 2024, slightly down from 76% in 2023 [16][18] - The report highlights that 81% of consumers aware of recent government stimulus policies feel more confident about the economy, indicating the effectiveness of these policies in stabilizing expectations [22][24] - There is a notable structural change in consumer confidence, with rural high-income Z generation (ages 18-25) showing an 88% optimism rate, while urban high-income groups exhibit declining confidence levels [25][26][31] Group 3 - Consumers are increasingly making purchasing decisions based on "hard logic," focusing on personal asset value and actual income rather than solely on optimistic future expectations [33][35] - Spending intentions are shifting towards areas that enhance personal value, such as education and health services, with a net spending intention of 34% for education and 26% for health services, indicating a willingness to invest in personal development [39][40][44] - Conversely, there is a decline in spending intentions for consumer electronics and household appliances, reflecting a change in consumer priorities towards value and necessity rather than mere ownership [43][44][45]

每经记者｜陈利 每经编辑｜魏文艺 在5月末举行的几场土拍中，多家民营房企强势拿地，引起业界广泛关注。 视觉中国图 实际上，今年以来，在公开土拍市场拿地的民营房企较前几年明显增多。中指研究院最新统计数据显示，今年前5个月，在拿地金额百 强房企中，有接近三成为民营房企。除滨江集团进入拿地金额百强房企前十外，四川邦泰集团、浙江得力房产、重庆海成集团等多家 民营房企进入拿地金额百强房企前四十。 近几年，房地产行业处于调整期，土拍市场主角一直是央国企和地方城投企业，此番民营房企强势拿地，释放出哪些积极信号？ 6月4日，中指研究院企业研究总监刘水向《每日经济新闻》记者分析指出，民营房企重返土拍市场，表明他们对房地产市场的信心正 逐步恢复。 民企积极拿地引关注 例如，在5月30日广州土拍中，敏捷集团以总价约33.2亿元拿下番禺区4宗宅地；在同日重庆举行的土拍中，海成集团以14.3亿元斩获重 庆汽博地块。此外，在5月27日长沙土拍中，嘉信地产以总价8.68亿元、溢价率22.98%竞得洋湖片区一宗地块。 近期，几家民营房企积极拿地，在土拍市场引发广泛关注。 5月27日，嘉信地产旗下公司经过24轮激烈竞价，击败中海地产、中国金茂 ...

当被问及与Schwab的会谈时，拉加德并未正面回应是否确有其事，仅强调她会履职到底。 值得一提的是，拉加德过去也有提前离任的先例。2019年，她提前辞去了国际货币基金组织(IMF)总裁 一职，转而出任欧洲央行行长。当时，她也曾公开否认自己有意接任该职务。 尽管在法国，每当有高级职位空缺时，她的名字总会被提及，外界此前普遍认为她会完成整个欧洲央行 的任期。 欧洲央行行长克里斯蒂娜.拉加德周四明确表示，她将完成自己在欧洲央行的全部任期，驳斥了有关她 可能提前离任、转而接任世界经济论坛(WEF)主席的传闻。 "我完全有决心完成我的使命，我也坚定地要履行我的任期，"拉加德在记者会上回应媒体提问时说 道。"很遗憾地告诉你们，你们还不会这么快摆脱我。" 此前，外媒援引世界经济论坛创始人Klaus Schwab的话称，拉加德曾在4月与他讨论提前结束欧洲央行 行长任期的问题，以便接替他担任论坛主席。WEF以其在瑞士阿尔卑斯山小镇达沃斯每年举办的高规 格年会而闻名。 其他外媒也曾报道，世界经济论坛内部确实进行过有关拉加德可能出任下一任主席的讨论。据知情人士 透露，这些讨论并非空穴来风。拉加德目前在欧洲央行的任期将持续至2027 ...

欧洲央行行长拉加德：近期资金流入欧元表明投资者对该地区的信心增强。 ...

欧洲央行行长拉加德：投资者看好价值，对欧洲充满信心。 ...

投资咨询业务资格：证监许可【2012】669号 国内商品期货大面积上涨，黑色系全面飘红 ——中信期货晨报20250605 中信期货研究所 仲鼎 从业资格号F03107932 投资咨询号Z0021450 重要提示：本报告非期货交易咨询业务项下服务，其中的观点和信息仅作参考之用，不构成对任何人的投资建议。 我司不会因为关注、收到或阅读本报告内容而视相关人员为客户；市场有风险，投资需谨慎。 | 板块 | 品种 | | | 现价 日度涨跌幅 周度涨跌幅 月度涨跌幅 季度涨跌幅 今年涨跌幅 | | | 板块 | 品种 | | | | 现价 日度涨跌幅 周度涨跌幅 月度涨跌幅 季度涨跌幅 今年涨跌幅 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股指 | 沪深300期货 3842.4 0.46% | | 0.52% | 0.52% | -0.04% | -2.00% | 贵金属 | 航运 集运欧线 2199.1 | | 4.71% | 5.97% | 5.97% | 4 ...

Group 1 - In May 2025, A-share new account openings totaled 1.56 million, with individual investors accounting for 1.5484 million and institutional investors for 0.07147 million, reflecting a year-on-year increase of 22.86% despite the impact of the "May Day" holiday [1][3][5] - The total number of new accounts opened in 2025 showed a fluctuating trend, peaking in March at 3.0655 million, followed by a decline in April and May due to seasonal factors [5][6] - The increase in new accounts is positively correlated with market performance, indicating a strong market sentiment and confidence among investors, particularly after a significant surge in October to December 2024 [6][7] Group 2 - The rise in individual investor participation is expected to benefit brokerage firms, with forecasts indicating a new cycle of growth in the securities industry in 2025, particularly in brokerage and proprietary trading businesses [7] - Analysts predict that the performance of the securities industry will continue to recover, with growth prospects for brokerage and margin financing businesses, while proprietary and asset management businesses show resilience [7] - The current market conditions suggest potential upward movement, with strong beta attributes in the brokerage sector likely to enhance overall market sentiment [7]

上天天基金APP搜索【777】注册即可 领98元券包 ，优选基金10元起投！限量发放！先到先得！ 最近外围对中国的看法大幅转向！ 汇丰最新调查报告访问逾5700家国际企业，当中74%的香港企业对未来两年继续拓展国际贸易仍抱有信心，最 多受访企业准备与中国内地、南亚和欧洲三大市场深化贸易关系。 根据晨间咨询公司（Morning Consult）独家提供给Axios的支持率数据，截至5月底，中国的净支持率为8.8， 而美国为-1.5。2024年1月，美国评级超过20，中国评级为负值。 与此同时，"世界大型企业联合会"日前发布数据显示，美国2025年第二季度首席执行官信心指数从此前的60点 跌至34点，为2022年第四季度以来的最低水平，这也是该调查自1976年启动以来的最大环比降幅。外界普遍认 为，该指数低于50表明首席执行官对经济前景持悲观态度。 超预期的信心 汇丰最新调查报告访问逾5700家国际企业，当中74%的香港企业对未来两年继续拓展国际贸易仍抱有信心，最 多受访企业准备与中国内地、南亚和欧洲三大市场深化贸易关系。同时，逾七成企业正采取行动或计划将供应 链和生产迁移至靠近主要客户的地区，首选地点同样为中国 ...

Group 1 - The Australian housing market experienced a brief decline of 0.4% from November 2024 to January 2025, attributed to interest rate hikes and cost of living pressures, but rebounded in February 2025 following the first interest rate cut in over two years [1][3] - In the first five months of 2025, national residential prices increased by 1.7%, with all capital cities showing at least a 0.4% rise in May, including Sydney (0.5%), Melbourne (0.4%), Brisbane (0.6%), and Perth (0.7%) [3][5] - The current housing market is characterized by a mix of positive and negative factors, with affordability issues and high household debt being the main concerns, while interest rate cuts, improved buyer confidence, and insufficient housing supply are seen as positive influences [5][6] Group 2 - Melbourne's current housing prices are still 4.5% lower than their peak in March 2022, while Sydney's prices are only 0.3% below their high in September 2024, indicating a significant price gap between the two cities not seen since 1999 [5][6] - The CEO of McGrath Real Estate noted that buyer confidence is recovering, and if further interest rate cuts occur in 2025, it could significantly boost market sentiment [6] - Market conditions are expected to normalize, with predictions of a 2.5% to 5% increase in properties priced below 2 million AUD by Christmas, reflecting a gradual return of market confidence [6][7]