印尼已向美国提出联合投资印尼关键矿产"棕地项目"的提议，作为双方关税谈判的一部分。 ...

Market Overview - The overall market rebounded last week, with major indices mostly rising. The Shanghai Composite Index closed at 3424.23 points, up 1.91% for the week, while the ChiNext Index closed at 2124.34 points, up 5.69% [1] Sector Performance - In the CITIC industry sectors, comprehensive finance, computer, and comprehensive indices had the highest gains, while transportation, food and beverage, and oil and petrochemical indices experienced the largest declines [1] - The valuation levels and weekly performance of major A-share indices were as follows: ChiNext Index at 32.16 (up 5.69%), CSI 1000 at 38.57 (up 4.62%), and CSI 500 at 28.71 (up 3.98%) [2] Bond Investment Trends - As of the end of May, the bond investment balance of large Chinese banks reached approximately 49.54 trillion yuan, marking a growth of 2.65 trillion yuan this year [3] - Meanwhile, the bond investment balance of small and medium-sized Chinese banks rose to 46.41 trillion yuan, with a year-to-date increase of 3.6 trillion yuan [4] Gold Market Dynamics - Last Friday, gold prices saw a significant drop, with spot gold falling over 2% at one point and ultimately closing down 1.63%, dipping below $3300 per ounce [6] - Over the past week, spot gold has decreased by 2.8%, influenced by easing tensions in the Middle East and progress in tariff negotiations, which shifted some funds to the stock market [7] Hong Kong Market Changes - The Hong Kong market will implement a new share trading fee structure starting June 30, 2025, increasing the fee from 0.002% to 0.0042% of the transaction amount, while removing the minimum and maximum fee limits [8] Trade Relations - The U.S. has announced the cessation of all trade negotiations with Canada due to Canada's insistence on a digital services tax targeting U.S. tech companies [9][10] ETF Growth - The first batch of benchmark market-making credit bond ETFs has seen explosive growth, with three ETFs surpassing 20 billion yuan in scale, indicating strong market interest due to lower credit risk and higher tracking efficiency [11]

美国总统特朗普：（关于关税谈判截止日期）我认为我不需要延长，但可以延长。 ...

Macro Economy - The State Council meeting discussed the implementation of the national science and technology conference spirit to accelerate the construction of a technology powerhouse [2] - The People's Bank of China emphasized the need for large banks to support the real economy and maintain financial market stability through structural monetary policy tools [3] - From January to May, state-owned enterprises reported a 0.1% year-on-year decline in total operating revenue and a 2.8% decline in total profit [5] Global Market - The S&P 500 and Nasdaq indices reached all-time highs, with the S&P 500 closing at 6173.07 points, up 0.52% [6][7] - The Dow Jones Industrial Average rose by 432.43 points, marking a 1.0% increase [7] Financial Capital - The Shanghai and Shenzhen Stock Exchanges proposed to adjust the price fluctuation limit for risk-warning stocks on the main board from 5% to 10% [11] - The China Securities Regulatory Commission is intensifying accountability for financial fraud, including holding accomplices responsible [13] - The ChiNext board has officially adopted a third set of standards to support the listing of quality innovative companies that are not yet profitable [14] Industry News - The Chinese National Medical Products Administration approved the launch of the domestically developed GLP-1 weight loss drug, Masitide, for long-term weight control in adults [15] - Xiaomi announced that its new car model, YU7, achieved over 240,000 orders within 18 hours of its launch [20]

Group 1 - The latest gold futures closing price on June 27 was 766.40 CNY per gram, with a daily decline of 0.87% and a trading volume of 169,217 contracts [1] - The Shanghai gold spot price on June 27 was quoted at 765 CNY per gram, indicating a premium of 1.40 CNY per gram compared to the futures price [1] - The European Union leaders issued a statement regarding the Russia-Ukraine conflict, emphasizing increased pressure on Russia and potential new sanctions, although no immediate new sanctions were announced [1] Group 2 - The EU plans to provide 30.6 billion euros in financial aid to Ukraine by 2025, with 3.5 billion already disbursed through the "Ukraine Aid Instrument" and 7 billion from the interest on frozen Russian assets [1] - According to Guotai Junan Futures, the gold market is adjusting, with silver following a strong trend in the non-ferrous metals sector, as market risk appetite improves following the Israel-Hamas ceasefire [2] - The focus of the market is shifting towards tariff negotiations and the Federal Reserve, with recent U.S. jobless claims at 236,000, lower than expected, indicating resilience in employment [2]

金十数据6月27日讯，泰国财政部长披猜下周将访问美国进行关税谈判，争取在7月9日华盛顿设定的最 后期限之前达成贸易协议。披猜6月26日在社交媒体X发帖称，虽然他没有详细说明计划中的谈判细 节，但一些媒体报道的18%关税税率协议是"不真实的"。他表示，这一数字是泰国央行和经济学家在经 济情景中使用的"估计值"。美国总统特朗普4月2日宣布，将对泰国进口商品征收36%的税率。这一措施 已暂停执行以进行谈判，谈判将持续到7月初。 泰国财长将访美磋商关税 否认18%征税方案 ...

泰国财长表示，他下周将前往美国进行关税谈判。 ...

Market Overview - Major global stock indices showed mixed performance, with the Dow Jones Industrial Average rising by 404.41 points (0.94%) to 43,386.84, while the S&P 500 increased by 48.86 points (0.80%) to 6,141.02 [1] - In contrast, the European Stoxx 50 declined by 7.98 points (-0.15%) to 5,244.03, and the Shanghai Composite Index fell by 7.52 points (-0.22%) to 3,448.45 [1] Trade and Economic Policies - U.S. trade partners, including Japan, India, and the EU, are hesitant to sign agreements due to uncertainty over potential tariffs on key exports like chips and pharmaceuticals [2] - The U.S. Treasury Secretary requested the removal of a "retaliatory tax" proposal from a tax bill, which could impose a 20% tax on foreign investors from countries deemed to impose unfair taxes on U.S. companies [2][5] Company Developments - Xiaomi announced that its Yu7 model received over 289,000 pre-orders within the first hour of availability, indicating strong consumer interest [3][4] - Nike's stock surged by 10% following the release of its quarterly earnings report, which showed earnings per share of $0.14, slightly above expectations [4] - Nike's CFO indicated that new tariffs could increase total costs by approximately $1 billion for the fiscal year 2026, prompting the company to adjust its supply chain and pricing strategies [5] Mergers and Acquisitions - CoreWeave is in talks to acquire Core Scientific to expand its cloud computing capabilities, with the deal expected to be finalized in the coming weeks [7][8] - Following the acquisition news, Core Scientific's stock price rose by 33%, reflecting investor optimism [9] Regulatory Changes - Apple modified its App Store policies in Europe to comply with the Digital Markets Act, aiming to avoid a potential €500 million fine [11][12] - The new policy introduces a complex fee structure for app developers, including a 5% commission on digital purchases made outside the App Store [12]

★美联储-3 鲍威尔：关税为一次性影响可能成为基本预期，但需要谨慎应对;在货币政策决策中不考虑联 邦债务问题：稳定币行业已逐步成熟。2柯林斯：当前是保持耐心和谨慎的时机。今年晚些时候可能降息， 但取决于关税影响。 本报告版权属于国投期货有限公司 不可作为投资依据,转载请注明出处 1 【星级说明】红色星级代表预判趋势性上涨,绿色星级代表预判趋势性下跌 ★☆☆ 一颗星代表偏多/空,判断趋势有上涨/下跌的驱动,但盘面可操作性不强 ★★☆ 两颗星代表持多/空,不仅判断较为明晰的上涨/下跌趋势,且行情正在盘面发酵 | Milli | > 国技期货 | 责金属日报 | | --- | --- | --- | | | 操作评级 | 2025年06月26日 | | 黄金 | ななな | 刘冬博 高级分析师 | | 白银 | ☆☆☆ | F3062795 Z0015311 | | | | 吴江 高级分析师 | | | | F3085524 Z0016394 | | | | 010-58747784 gtaxinstitute@essence.com.cn | 随着伊以双方达成停火避险情绪消退,贵金属陷入调整。美国总统特朗普称将 ...

菲律宾总统经济顾问：已提交与美国关税谈判的建议谈判要点。 ...