Core Viewpoint - The President of the European Central Bank, Christine Lagarde, emphasizes the strategic opportunity for the euro to enhance its global currency status amid changing international financial dynamics, particularly due to the impact of U.S. policies on the dollar's credibility [1][3] Group 1: Euro's Internationalization Strategy - Lagarde identifies three pillars essential for the euro's internationalization: strengthening geopolitical influence, building a more resilient economic system, and maintaining institutional credibility [3] - The European Union (EU) decision-makers believe that successfully challenging the dollar's dominance could lead to benefits such as reduced financing costs for member states and enhanced resilience against exchange rate fluctuations [3] Group 2: Current Market Dynamics - The unpredictable trade policies during the Trump administration have accelerated the withdrawal of international capital from dollar assets, while increased fiscal spending in Europe, particularly Germany, is attracting global investors to reconsider euro asset allocation [3] - Despite these dynamics, a recent ECB report indicates that the euro's market share in international payments and reserve currencies is expected to remain stable in 2024, highlighting the challenges in competing with the dollar [3] Group 3: Policy Measures and Institutional Reforms - To mitigate potential euro liquidity shortages abroad, the ECB is establishing currency swap and securities repurchase agreements with major central banks to ensure smooth monetary policy transmission [3] - Lagarde calls for reforms in EU fiscal integration, including introducing majority voting mechanisms in significant policy areas and exploring the establishment of a unified eurozone debt instrument, which are seen as essential for building the euro's international standing [3]

| 材产业期现日报 | | | | | | | --- | --- | --- | --- | --- | --- | | 投资咨询业务资格:证监许可 【2011】1292号 2025年6月17日 | | | 周敏波 | Z0010559 | | | 钢材价格及价差 | | | | | | | 品种 | 现值 | 前值 | 张跃 | 泉デ | 单位 | | 螺纹钢现货(华东) | 3090 | 3080 | 10 | 105 | | | 螺纹钢现货(华北) | 3200 | 3200 | 0 | 215 | | | 螺纹钢现货(华南) | 3180 | 3180 | 0 | 195 | | | 螺纹钢05合约 | 2989 | 2976 | 13 | 101 | | | 螺纹钢10合约 | 2990 | 2969 | 21 | 100 | | | 螺纹钢01合约 | 2985 | 2968 | 17 | 105 | | | 热卷现货(华东) | 3200 | 3180 | 20 | ਰੇਰੇ | 元/吨 | | 热卷现货(华北) | 3110 | 3100 | 10 | ರಿ | | | 热卷现货(华南) | ...

美联社称，特朗普15日晚戴着"让美国再次伟大"的帽子抵达加拿大，这是他重返白宫后首次参加大型国际峰会。报道称，特朗普上次访问加拿大是2018年参 加G7峰会，这次会议给世界留下的印象是一张照片：特朗普双臂交叉、以挑衅姿态坐着，时任德国总理默克尔双手按着桌子，狠狠盯着特朗普，其他国家 领导人围绕默克尔站成一圈。在离开加拿大前，特朗普在社交平台发文，谴责时任加拿大总理特鲁多"非常不诚实和软弱"，并指示美国代表团撤回对会议联 合公报的认可。而今年，美国总统特朗普仍然是G7峰会上"难以预料的一张牌"。《纽约时报》称，特朗普在2018 年气冲冲地离开了G7峰会，今年，美国与 盟友的裂痕更加严重：特朗普发动了一场规模更大的贸易战，并威胁要吞并峰会的主办国加拿大。 为了避免冲突，卡尼已放弃发表会议联合公报，并为此次峰会设置了一些"温和的"议程，包括防范山火、构建关键矿产供应链以及创造就业机会等。英国广 播公司（BBC）称，这是卡尼作为加拿大总理主持的第一次重大国际会议，但他精心策划的议程已经被以色列和伊朗的冲突打乱。伊朗问题突然跃升到议程 的首位，但G7在这个问题上也很难达成一致。外交官们表示，加拿大目前正在试探各国，争取 ...

Group 1: Industry Overview - The geopolitical conflict in the Middle East, particularly between Israel and Iran, has escalated, leading to significant disruptions in global supply chains, particularly through the explosion at Iran's Shahid Rajaee Port [1] - Shahid Rajaee Port is crucial for Iran's non-oil imports and exports, handling 55% of the country's cargo throughput, and its shutdown has interrupted the supply chain for high-grade celestite imports to China [1] - Celestite is a key raw material for strontium carbonate, with Iran supplying over 70% of China's imports due to its high-grade mineral sources [1] Group 2: Market Impact - The shutdown of Shahid Rajaee Port, combined with the fire at the Kandelium plant in Mexico (which has a production capacity of 40,000 tons) and environmental reviews in Spain, has led to a drastic reduction in global celestite supply [3] - The price of strontium carbonate has surged from 8,000 CNY per ton in September 2024 to 16,000 CNY per ton by June 2025, marking a 100% increase, with expectations that prices may exceed 30,000 CNY per ton [3] Group 3: Company Insights - Jinrui Mining has a current strontium carbonate production capacity of 20,000 tons per year, with plans for an expansion project to increase capacity by 45,000 tons per year by the end of 2025 [5] - Beikang Technology is a supplier of mining equipment and raw materials for magnetic materials, with some business connections to the strontium carbonate supply chain [6] - Hongxing Development controls the highest-grade strontium mines in China, with a current production capacity of 30,000 tons of strontium carbonate and an additional 30,000 tons of new capacity under construction, holding over 30% market share [7] - A notable company in the industry, referred to as the "Asian Strontium King," has an annual production capacity of 30,000 tons and commands a global market share of approximately 15%-20%, with a domestic market share exceeding 30% [9] - This company has full self-sufficiency in celestite supply, has broken overseas monopolies with its technology, and has entered the supply chains of international giants like Samsung and LG [10]

【导读】伊朗、以色列冲突的最新消息 大家好，关注一下伊朗的最新消息。 伊朗暂时关闭股市 伊朗政府发言人法特梅.莫哈杰拉尼表示，伊朗已决定暂停其证券交易所的运营，直至局势稳定。 莫哈杰拉尼在当天于德黑兰举行的新闻发布会上表示，金融市场将维持暂停状态，直到监管机构确认恢 复运营的条件已经具备，目的是保护公众资金安全。 值得注意的是，6月13日凌晨，以色列对伊朗发动空袭，造成大量军方人员死亡。死者中包括伊朗武装 部队总参谋长穆罕默德.巴盖里、伊斯兰革命卫队总司令侯赛因.萨拉米、"卡塔姆.安比亚"中央总部司令 古拉姆阿里.拉希德以及革命卫队航天部队司令阿米尔.阿里.哈吉扎德。据报道，还有9名核科学家及多 名高级官员丧生。 当晚，伊朗进行了大规模报复行动，向特拉维夫等地发射了超过150枚弹道导弹及逾100架无人机。袭击 造成平民伤亡和严重破坏。 以色列、伊朗最新消息 以色列称对德黑兰"实现全面空中控制" 以色列国防军(IDF)表示，以色列空军已对德黑兰上空实现全面控制，目前冲突进入第四天，战机持续 轰炸伊朗。 以色列国防军首席发言人埃菲.德弗林表示："我们已经在德黑兰上空实现全面的空中作战控制。" 以色列国防部长卡茨警 ...

Core Viewpoint - The current conflict poses minimal risk to oil supply, differing from previous oil crises, as Iran accounts for only 1.6% of global oil production and has not reported any supply disruptions [1] Industry Summary - Iran's contribution to global oil production is limited to 1.6%, indicating that its geopolitical issues may not significantly impact overall supply levels [1] - There have been no reported supply interruptions from Iran, suggesting stability in the oil market despite ongoing conflicts [1]

特朗普（资料图） 特朗普甚至豪言："如果能卖出1000万张金卡，我们就能还清美国债务。"这是什么？这不是移民政策，这是房地产促销口号加 上破产企业的债务置换术。一张绿卡500万美元，按特朗普的算法，一千万张可带来5万亿美元。这等于一笔"政治量化宽松"操 作，直接以国籍为质押品，向全球富豪发起募资。不同的是，美联储印钞还要管货币政策，而特朗普印绿卡，根本连国家尊严 也一并打包出售了。 抛开特朗普"金卡"好不好卖不谈，至少这边打算盘的声音，目前被洛杉矶的枪声掩盖。要知道，指控民主党政府开放边境并放 任移民大量非法进入美国，这是特朗普赢得选举的重要砝码之一，其曾在竞选活动中怒斥移民政策让美国沦为"世界垃圾桶"。 那么，谁是特朗普口中的"垃圾"呢？不妨看看洛杉矶。连日来，美国移民与海关执法局等联邦机构在洛杉矶及周边地区展开打 击非法移民行动，特朗普下令动用2000名国民警卫队人员到场执法。 据光明网报道，美国总统特朗普在其社交媒体平台"真实社交"上发布一个网址，宣布"金卡"网站上线。特朗普称，注册"金卡"的 等待名单现已在这个新公布的网站上开放。特朗普在白宫对媒体称，他打算出售定价500万美元的美国"金卡"，目标人群 ...

Group 1 - The core viewpoint emphasizes that the global civilization initiative proposed by China aligns closely with the mission of UNESCO, particularly in promoting international cooperation through education, science, and culture [2][3] - Gabriela Ramos, the only female candidate from the Global South for the next UNESCO Director-General, highlights the importance of ensuring quality education and promoting peace and dialogue education [2] - The initiative aims to enhance mutual understanding among different civilizations, exemplified by the "Silk Road Youth Eye" photography competition, which fosters cultural exchange along the Silk Road [2] Group 2 - Ramos stresses the significance of the global civilization initiative in creating dialogue spaces for different civilizations, which is crucial in the context of increasing global polarization [3] - In the field of technology ethics governance, Ramos notes China's active involvement in educational and research cooperation under the UNESCO framework, emphasizing the need for ethical foundations in the development of frontier technologies like artificial intelligence [3] - To address global challenges such as the crisis of trust in multilateralism, Ramos believes that strengthening dialogue through education, science, and culture is essential for UNESCO's future [3]

▲当地时间6月15日，伊朗德黑兰，以军夜间轰炸后，德黑兰西部沙赫兰炼油厂上空浓烟滚滚。图据视觉中国 据新华社报道，6月13日凌晨以来，以色列持续大规模空袭伊朗，轰炸核设施和军事目标，造成大量人员伤亡。伊朗动用弹道导弹、无人机发起 反击。双方相互空袭至今。据报道，在本轮以伊冲突爆发后，原油期货价格一度上涨高达13%。 李昊分析称，伊朗通过大量的导弹储备，削弱了以色列的技术优势，双方的对攻状态一度呈现"半斤八两"的战术平衡。"但伊朗火力虽猛，却难以持续。"李 昊解释称，目前伊朗普通弹道导弹成本为100万美元，高超音速导弹单位成本为200万到300万美元，而以色列"铁穹"系统拦截弹成本不到5万美元。 美国有意施压 以伊局势将走向何方？ 在以伊冲突明显扩大升级的情况下，原定于6月15日举行的美国和伊朗第六轮伊核谈判被取消。伊朗总统佩泽希齐扬称，只要以色列继续袭击伊朗，伊朗就 不会恢复与美国的谈判。据报道，美国总统特朗普日前在社交平台上警告称，"如果我们（美军）遭到伊朗攻击，我们会以前所未有的规模对你们（伊朗） 实施打击。但我们也可以轻松地与伊朗和以色列达成协议，结束这场冲突。" 伊朗外长阿拉格齐6月15日表示，伊朗对 ...

投资咨询业务资格：证监许可【2011】1778 号 宝城期货股指期货早报（2025 年 6 月 16 日） ◼ 品种观点参考—金融期货股指板块 时间周期说明：短期为一周以内、中期为两周至一月 | 品种 | 短期 | 中期 | 日内 | 观点参考 | 核心逻辑概要 | | --- | --- | --- | --- | --- | --- | | IH2506 | 震荡 | 上涨 | 震荡偏强 | 区间震荡 | 政策端利好预期构成较强支撑 | 备注： 1.有夜盘的品种以夜盘收盘价为起始价格，无夜盘的品种以昨日收盘价为起始价格，当日日盘收盘 价为终点价格，计算涨跌幅度。 2.跌幅大于 1%为下跌，跌幅 0~1%为震荡偏弱，涨幅 0~1%为震荡偏强，涨幅大于 1%为上涨。 3.震荡偏强/偏弱只针对日内观点，短期和中期不做区分。 ◼ 主要品种价格行情驱动逻辑—金融期货股指板块 品种：IF、IH、IC、IM 日内观点：震荡偏强 中期观点：上涨 参考观点：区间震荡 核心逻辑：上周五各股指均震荡下跌。消息面，中东地缘危机爆发，市场担忧原因供应问题以及全球 需求下行风险，市场情绪走弱。不过关税战冲击下外需走弱已经在市场预期之 ...