当地时间6月3日，乌克兰国家安全局通报称，乌克兰国家安全局开展了一项特别行动，从水下 袭击了克里米亚大桥。这是对该桥的第三次袭击。 乌国家安全局称乌特工对这座大桥的桥墩进行了爆破准备，该特别行动持续了数月之久。3日凌晨4时44 分，首个爆炸装置被成功引爆，没有造成任何平民伤亡。目前该大桥已处于紧急危险状态。乌国家安全局 局长马柳克监督行动执行并协调作战规划。 乌克兰独立新闻社报道说，乌克兰国家安全局称，克里米亚大桥底部结构严重受损。 END 综合自：环球网、央视新闻 责编：叶舒筠 校对： 杨舒欣 版权声明 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 究相关 行 为主体 法律责任的权利。 点击关键字可查看 截至发稿前，尚未看到俄罗斯官方公开对上述消息作出回应。 乌克兰全境发布防空警报。当天早些时候，乌首都基辅曾拉响防空警报。 转载与合作可联系证券时报小助理，微信ID：SecuritiesTimes 潜望系列深度报道丨 股事会专栏 丨 投资小红书 丨 e公司调查 丨 时报会客厅 丨 十大明星私募访谈 丨 白宫称中美元首本周将通话，外交部回应 丨 两大赛道，集体大涨！ 丨 A股重要 ...

克里米亚大桥的公路通行已关闭。当地时间6月3日，乌克兰国家安全局通报称，乌克兰国家安全局开展 了一项特别行动，从水下袭击了克里米亚大桥。乌国家安全局称乌特工对这座大桥的桥墩进行了爆破准 备，该特别行动持续了数月之久。通报称，大桥水下支撑结构在底部位置遭到严重破坏。据乌克兰媒体 3日报道，克里米亚大桥发生了多次发生爆炸。目前，俄罗斯官方对此尚无回应。 ...

Market Overview - The market experienced a rebound with slight increases in the three major indices, with the Shanghai Composite Index rising by 0.43% and the Shenzhen Component Index by 0.16% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.14 trillion yuan, an increase of 22.3 billion yuan compared to the previous trading day [1] - The market focus was on the pharmaceutical and consumer sectors, with over 3,300 stocks rising [1] A+H Listing Trend - There has been an acceleration in the trend of mainland companies planning to list in Hong Kong, supported by policy measures and market recovery [3] - Since September last year, 8 A-share companies have listed in Hong Kong, raising a total of 981.1 billion HKD, with nearly 50 more A-share companies planning to follow suit [3] - The estimated liquidity demand for future listings is between 1,500 to 1,800 billion HKD, which is approximately 0.7 times the average daily trading volume of the Hong Kong main board since the beginning of the year [3] Hong Kong Market Structure Improvement - The entry of quality companies into the Hong Kong Stock Exchange is expected to improve the market structure and create a positive cycle between enterprises and capital [5] - The long-standing issue of a high proportion of "old economy" sectors like finance and telecommunications in the Hong Kong market may be alleviated, enhancing market attractiveness [5] Gold Investment Outlook - In the context of geopolitical uncertainties and a weakening dollar, gold is seen as a valuable long-term investment [6][9] - The U.S. trade policy remains uncertain, with potential adjustments that could impact the market, including tariffs and export controls [6] - Investors are encouraged to consider low-cost entry into gold funds and ETFs [6][9] Gaming Industry Growth - The Chinese gaming market is projected to reach 273.51 billion yuan by April 2025, with a year-on-year growth of 21.93% [10] - The mobile gaming sector is expected to grow to 204.24 billion yuan, reflecting a 28.41% increase [10] - The approval of 144 new game titles by the National Press and Publication Administration is expected to boost industry confidence and accelerate the release of quality content [10][11] Film and Television Sector Resilience - The Dragon Boat Festival box office saw a 30% year-on-year increase, indicating strong demand resilience [12] - Upcoming summer releases are expected to drive further growth, with a robust lineup of films scheduled for release [12] - Cinema chains are diversifying revenue streams by enhancing non-ticket sales and developing IP-related products [12]

Group 1 - The U.S. military is increasing its deployment in Northern Europe, sending a clear message to Russia despite concerns about NATO's effectiveness under the Trump administration [1][2] - The Nordic and Baltic regions have become central to U.S. war planning due to their strategic importance in controlling shipping routes, territory, and energy reserves [1] - The recent military exercises involving U.S. and U.K. forces alongside Nordic and Baltic nations aim to deter Russian aggression and strengthen alliances, particularly with new NATO members Finland and Sweden [2][3] Group 2 - Local officials emphasize that deepening U.S. relations should not undermine NATO cohesion, aiming to strengthen collective defense rather than create exclusive clubs [3] - Gotland Island is identified as a strategically significant location for deploying sensors and long-range weapon systems to control Baltic Sea operations [3][4] - The U.S. military's rapid deployment capabilities, demonstrated through recent exercises, highlight the importance of coordination among NATO allies in complex military operations [4][5]

黄金方面： 百利好特约智昇研究资深分析师辰宇认为，当前原油市场利多因素匮乏，原油价格偏弱运行将是大概率事件。 技术面：日线上，上一个交易日行情冲高回落且收较长上影线K线，显示上方有一定的压力。指标上看，行情迟迟未能上破62日均线，警惕再度下行风险。 日内关注上方62.68美元一线压力，下方关注60美元一线支撑。 据美联储观察数据显示，美联储六月份维持利率不变的概率是94.7%；7月份维持利率不变的概率是70.3%，9月份维持利率不变的概率为31.3%，累计降息25 个基点的概率为51.6%。美联储年内降息的时间不断推迟，降息的幅度有所下降，短期仍将对金价形成压力。 不过近期地缘方面再起波澜，美国情报部门发现，以色列正在准备袭击伊朗，以总理内塔尼亚胡称将全面控制加沙，对伊朗保留单方面行动权利，倘若冲突 进一步恶化升级，避险情绪的升温短期将为金价提供支撑。 技术面：日线上，上一个交易日行情延续上行且收阳线，显示短期行情较为强势。指标上看，行情上行有效上破20日均线，短期存在进一步走高的机会。日 内关注下方3292美元一线支撑，上方关注3346美元一线压力。 黄金小时图 原油方面： 周三（5月21日）公布美国截至5 ...

Core Viewpoint - U.S. intelligence has discovered that Israel is planning an attack on Iranian nuclear facilities [1] Group 1 - The report indicates a significant escalation in tensions between Israel and Iran, particularly concerning Iran's nuclear program [1] - The potential military action could have far-reaching implications for regional stability and international relations [1] - This development may impact global oil markets and defense sectors, as heightened conflict often leads to increased volatility [1]

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints - European port congestion has intensified, with a 24 - hour strike in Antwerp. The market is oscillating at a high level, in line with the daily report's expectations. It is recommended to take profits on rallies and wait for pull - back opportunities [1]. - The addition of tariffs as a trade negotiation tool adds significant uncertainty to future shipping trends. Although shipping companies are trying to hold up prices, the easing of the China - US trade war may lead to a rush of shipments within 90 days, which is beneficial for the digestion of US - bound shipping capacity, but price wars among alliances cannot be avoided [2]. - The 2508 contract has become the main contract, possibly due to the explosive shipment of US - bound goods, driving up European and American freight rates. Shipping companies have successively announced price increases, and bullish sentiment has risen. Although the SCFIS index has slightly declined, the market is still oscillating upwards [2]. 3. Summary by Related Content Shipping Market Conditions - **May 16th Shipping Indexes**: The NCFI (comprehensive index) was 1014.55 points, up 6.53% from the previous period; the SCFIS (European route) was 1265.30 points, down 2.9%; the NCFI (European route) was 750.91 points, down 0.78%; the SCFIS (US - West route) was 1446.36 points, down 0.6%; the NCFI (US - West route) was 1813.08 points, up 23.18%. The SCFI was 1479.39 points, down 134.22 points; the CCFI (comprehensive index) was 1104.88 points, down 0.1%; the SCFI European route price was 1154 USD/TEU, down 0.60%; the CCFI (European route) was 1430.35 points, down 1.0%; the SCFI US - West route was 3091 USD/FEU, up 31.70%; the CCFI (US - West route) was 876.92 points, up 2.2% [1]. - **May 19th Futures Market**: The main contract 2508 closed at 2387.9, up 5.84%, with a trading volume of 85,100 lots and an open interest of 54,100 lots, an increase of 5292 lots from the previous day [2]. Economic Data - **Eurozone April Data**: The manufacturing PMI preliminary value was 48.7 (expected 47.5); the services PMI preliminary value was 49.7 (expected 50.5); the composite PMI preliminary value was 50.1 (expected 50.3, previous value 50.9). The Sentix investor confidence index was - 19.5 (expected - 10, previous value - 2.9) [1]. - **China March Data**: The manufacturing PMI was 50.5%, up 0.3 percentage points from the previous month; the Caixin China manufacturing PMI was 51.2, up 0.4 percentage points from the previous month, reaching a four - month high [1]. - **US April Data**: The S&P Global manufacturing PMI preliminary value was 50.7 (expected 49.1, March final value 50.2); the services PMI preliminary value was 51.4 (expected 52.8, March final value 54.4); the composite PMI was 51.2 (expected 52.2, March final value 53.5) [2]. Strategies - **Short - term Strategy**: Given the volatile external policies, it is difficult to operate. If participating in each contract, it is recommended to focus on the medium - to - long - term [3]. - **Arbitrage Strategy**: Against the backdrop of tariff easing, the 90 - day exemption will lead to a near - strong and far - weak freight rate situation. However, the window period is short and the fluctuations are large. For now, focus on positive spreads [3]. - **Long - term Strategy**: It is recommended to take profits on rallies for each contract, wait for the pull - back to stabilize, and then try to go long on the freight rate rebound [3]. Contract Rules - **Price Limits**: For contracts from 2506 - 2604, the price limit is 16% [3]. - **Margin**: For contracts from 2506 - 2604, the company's margin requirement is 26% [3]. - **Daily Open - Position Limit**: For all contracts from 2506 - 2604, the daily open - position limit is 100 lots [3]. Geopolitical and Policy Events - Israel's prime minister has approved the immediate resumption of humanitarian aid to Gaza [4]. - The new US government's tariff policy has had a greater negative impact on the US and global economies than expected, and has brought uncertainty to the operations of shipping companies [4].

【环球网财经综合报道】北京时间5月20日凌晨，国际贵金属期货普遍收涨，COMEX黄金期货涨1.41% 报3232.20美元/盎司，COMEX白银期货涨0.44%报32.50美元/盎司。 对此有市场分析人士认为，受穆迪下调美国主权信用评级影响，全球市场避险情绪升温，黄金和白银价 格显著上扬。黄金因其保值属性受关注，白银则凭借工业用途和关联性成为吸纳资金对象。 中信建投期货近日撰文认为，近期贵金属行情的核心驱动无疑是贸易争端，对黄金而言，一方面是全球 地缘政治格局演变的一个侧面体现，另一方面又加大了经济衰退压力，使得黄金避险与保值功能体现明 显。 该机构还表示，尽管近期中美达成共识，部分降低了关税，缓和了经济下行风险，但也应意识到目前关 税水平尚未回到4月以前水平，经济下行压力依然存在，并且国际局势正在发生深刻的变化，长期的地 缘政治冲突、贸易冲突乃至军事冲突频发的环境，成为金价长期上行的驱动力。 鑫元基金则认为，短期来看，黄金价格仍可能面临震荡偏弱格局，中美博弈短期内降温、美联储政策预 期暂稳和美元相对强势可能持续抑制金价上行动力。然而，从中长期视角出发，支撑黄金的基本逻辑并 未发生根本变化。一方面，全球央行特 ...

基本面： 周一（5月19日）亚盘时段，现货黄金跳空高开后继续震荡，盘中最高再次测试3250一线压力后徘徊，目前交投于3220美元附近。周五（5月16日）金价周五 一度大跌超过2%，致周线下跌近4%，受累于贸易协议带来的风险偏好上升，创下去年11月以来最糟糕的一周。贸易战的缓解使整个市场的风险偏好回升。 这种转变促使期货交易商获利了结，尤其是在黄金市场，并引发了长达一周的结清仓位潮。 上周早些时候，两大经济体暂停贸易战90天，同时双方将制定结束针锋相对的贸易战的细节。因此，华尔街三大股指实现周线上涨，这主要是由于在经历了 长期的不确定性之后，投资者的风险偏好不断增强。与此同时，美国近期通胀数据放缓，加上经济数据弱于预期，巩固了美联储今年将进一步降息的预期。 上周公布的4月份美国消费者通胀率的上升低于预期，消费者价格指数(CPI)4月份上涨了0.2%，使全年涨幅从2.4%降至2.3%。这份报告是个 "好消息"。"对大 多数消费者和企业来说，2025年的通胀应该是可控的。市场预计美联储今年将降息两次，从9月份开始。预计美联储今年将降息56个基点，低于4月份超过 100个基点的预期，当时对特朗普关税影响的担忧最为严重 ...

Core Viewpoint - The recent high-level trade talks between China and the U.S. have led to significant progress, resulting in a notable decline in gold prices, which reflects reduced market concerns over trade tensions [2] Group 1: Trade Developments - The U.S. and China announced the cancellation or suspension of most tariffs, including the removal of 91% of tariffs and the suspension of 24% of "reciprocal tariffs," alleviating fears of escalating trade friction [2] - The easing of trade tensions has diminished the appeal of gold as a safe-haven asset, contributing to a drop in international spot gold prices to around $3,215 per ounce, with a single-day decline exceeding 3% [2] Group 2: Market Reactions - Domestic gold jewelry prices also fell, with brands like Chow Tai Fook and Lao Feng Xiang seeing a decrease of 16-20 yuan per gram, bringing prices back to the "90s" [2] - The market's expectations for delayed interest rate cuts by the Federal Reserve and a rising U.S. dollar index have further pressured gold prices [2] Group 3: Geopolitical Factors - Additional factors such as the ceasefire in the Middle East and the de-escalation of the India-Pakistan conflict have further reduced safe-haven demand, intensifying gold sell-offs [2] - Despite the easing of U.S.-China trade tensions, uncertainties remain, including potential new frictions related to U.S. manufacturing repatriation strategies and ongoing geopolitical risks like the Russia-Ukraine situation [2] Group 4: Long-term Outlook - The ongoing U.S. debt ceiling issue poses challenges to the credibility of the dollar, while a global trend of "de-dollarization" is leading to strong central bank demand for gold [2] - In the first quarter of 2025, global official gold reserves increased by 244 tons, providing long-term support for gold prices [2] - If inflation rises or the Federal Reserve resumes rate cuts due to economic pressures, gold's anti-inflation properties may become more prominent [3]