据外媒报道，日本谈判代表赤泽亮正表示，贸易协议在一定程度上缓解了不确定性。 （文章来源：第一财经） ...

智通财经7月29日电，日本谈判代表赤泽亮正表示，需关注关税带来的下行风险，贸易协议在一定程度 上缓解了不确定性。 ...

日本贸易谈判代表赤泽亮正：贸易协议在一定程度上缓解了不确定性。 ...

Group 1: International Gold Market - International gold price fluctuated and closed down at $3314.18 per ounce, with a high of $3345.35 and a low of $3301.47 during the trading day [1][9] - The COMEX gold futures closed at $3314.00 per ounce [9] - SPDR Gold ETF holdings stood at 956.23 tons [9][10] Group 2: Currency and Monetary Policy - The People's Bank of China conducted a 7-day reverse repurchase operation of 495.8 billion yuan, resulting in a net injection of 325.1 billion yuan after 170.7 billion yuan matured [2][10] - The onshore RMB closed at 7.1729 against the USD, down 50 basis points from the previous trading day, with the USD index rising by 1.02% to 98.6694 [15][2] Group 3: Macro Events and Trade Agreements - Trump announced that the U.S. will soon impose tariffs on pharmaceuticals, with global tariffs expected to be around 15-20% [2][17] - The EU and U.S. have established a general framework for a trade agreement, but specific details, including those related to alcoholic beverages, are still under negotiation [2][17] - The trade agreement includes a $750 billion energy purchase commitment and a $600 billion investment commitment from the EU, which may increase energy costs in Europe and accelerate capital outflow, negatively impacting the European economy [2][17] Group 4: Stock Market Performance - U.S. major stock indices showed mixed results, with the Dow down 0.14% at 44,837.56 points, S&P 500 up 0.02% at 6,389.77 points, and Nasdaq up 0.33% at 21,178.58 points [16] - Chinese A-shares saw gains, with the Shanghai Composite Index up 0.12% and the Shenzhen Component Index up 0.44% [16]

#报告 TS Lombard点评美国欧盟贸易协议：15%的关税是真的，剩下的都是假象。 https://t.co/1UKkZhbpODNone (@None):None ...

1. Report Industry Investment Rating No information provided in the given content. 2. Core Views of the Report - The non - ferrous metals sector is generally in an adjustment phase, following the profit - taking adjustment of domestic anti - involution stocks. The overall non - ferrous metals market continues to fluctuate and consolidate. Attention should be paid to the changes in the manufacturing industry and the lagged impact of tariff increases after the trade situation becomes clear [12]. - The US and the EU have reached a trade agreement, which may boost the US dollar in the short term. The progress of China - US trade negotiations also needs to be closely monitored [12]. - The domestic policy benefits have led to a rotational upward movement in the industrial product sector, but the sustainability and intensity of the spillover effect are average, and the impact during adjustments is also limited. Future attention should be paid to specific policies and their implementation [13]. 3. Summary by Directory 3.1 First Part: Operating Logic and Investment Recommendations for Non - Ferrous Metals 3.1.1 Macro Logic - The non - ferrous metals sector is adjusting, and the varieties that had a relatively obvious weekly rebound last week are also those with relatively large adjustment amplitudes. The market continues to focus on China's future policy direction and the progress of China - US trade negotiations [12]. - The US and the EU have reached a trade agreement, covering 15% of EU goods exported to the US. The US has reached agreements with important trading partners, which may boost the US dollar in the short term [12]. 3.1.2 Investment Recommendations for Different Metals - **Copper**: The COMEX copper premium over LME copper may decline. Although the "siphon effect" in the US market has ended, the non - US market inventory is low. The domestic copper market is expected to show a situation of weak supply and strong demand, but the short - term upward drive for copper prices is lacking. It is recommended to sell near - month slightly out - of - the - money put options [4]. - **Zinc**: Zinc follows the adjustment. The supply of zinc ingots is increasing, and the demand shows mixed trends. It is recommended to be bearish on rallies [14]. - **Aluminum Industry Chain**: The market sentiment has declined. For electrolytic aluminum, alumina, and cast aluminum alloy, it is recommended to take a short - selling approach and buy out - of - the - money put options for protection [6]. - **Tin**: The fundamentals of tin are weak in both supply and demand. It is recommended to take a short - selling approach and pay attention to the situation of the ore end and macro - impacts. Buying out - of - the money put options is also suggested [7]. - **Lead**: The lead price is in a consolidation phase. The social inventory is rising, but the demand is recovering. It is recommended to go long on dips and use a wide - range option straddle strategy [8]. - **Nickel and Stainless Steel**: The overall supply of refined nickel is in surplus. Nickel and stainless steel are in an adjustment phase. It is recommended to be bearish on rallies for nickel and take a short - selling approach within the range for stainless steel [9]. 3.2 Second Part: Non - Ferrous Metals Market Review - The closing prices and daily percentage changes of various non - ferrous metals futures are presented, including copper (- 0.32% to 79000), zinc (- 1.05% to 22645), aluminum (- 0.70% to 20615), etc. [17] 3.3 Third Part: Non - Ferrous Metals Position Analysis - Information on the latest position analysis of the non - ferrous metals sector is provided, including the percentage change, net long - short strength comparison, net long - short position difference, changes in net long and net short positions, and influencing factors for each variety such as Shanghai Aluminum, Shanghai Gold, etc. [19] 3.4 Fourth Part: Non - Ferrous Metals Spot Market - The spot prices and daily percentage changes of various non - ferrous metals are given, such as the Yangtze River Non - Ferrous copper spot price (- 0.48% to 79260 yuan/ton), the Yangtze River Non - Ferrous 0 zinc spot average price (- 0.57% to 22630 yuan/ton), etc. [20] 3.5 Fifth Part: Non - Ferrous Metals Industry Chain - For each metal (copper, zinc, aluminum, etc.), relevant industry chain charts are provided, including inventory changes, processing fees, and price trends. 3.6 Sixth Part: Non - Ferrous Metals Arbitrage - Charts related to the arbitrage of various non - ferrous metals are presented, such as the copper Shanghai - London ratio change, the Shanghai zinc - Shanghai lead price difference, etc. 3.7 Seventh Part: Non - Ferrous Metals Options - Charts related to the options of various non - ferrous metals are provided, including historical volatility, weighted implied volatility, trading volume and open interest changes, and the ratio of call to put open interest.

央视网消息：美国总统特朗普和欧盟委员会主席冯德莱恩7月27日共同宣布，美欧达成新贸易协议。特朗普称，新协议包括美国 将对欧盟输美产品征收15%的关税、欧盟将对美增加6000亿美元投资及购买价值7500亿美元的美国能源等。7月28日，法国、匈牙 利、瑞典、俄罗斯等多国均对此表示批评或担忧。 匈牙利总理欧尔班在28日播出的节目中对美欧贸易协议明确予以批评。欧尔班认为，欧美协定比英美协定更为糟糕。他对欧盟将 投资美国、向美方购买军事装备和能源表示强烈质疑。因为欧盟委员会既没有资金也没有军队。 瑞典国际发展合作与外贸大臣杜萨表示，欧盟与美国达成的关税协议将使美国对欧盟征收的关税达到近70年来的最高水平，他因 此对美欧经贸前景感到悲观。他同时表示，欧盟应该寻求与亚洲和拉美国家签署自贸协议，以对冲对美出口减少造成的损失。 另据瑞典媒体28日报道，瑞典财政大臣斯万特松表示，欧盟与美国的协议对瑞典经济构成不利影响，可能导致需求下降、经济增 长放缓，并增加失业风险。她强调，这项协议不仅对瑞典经济不利，也将影响美国及全球经济。 同一天，俄罗斯外长拉夫罗夫表示，美国和欧盟的协议将导致欧洲的进一步去工业化，导致投资从欧洲流向美国。能 ...

Group 1 - The core viewpoint of the articles indicates that gold prices are experiencing a downward trend due to the strengthening of the US dollar and improved risk sentiment following a trade agreement between the US and EU [1][2] - Gold prices recently fell to a near three-week low, trading around $3310 per ounce, with a significant drop of $138 from a recent high of $3438 [2] - The market is currently volatile, with expectations for significant price movements in the coming days due to upcoming economic data releases [1][2] Group 2 - The US crude oil price is trading around $66.97 per barrel, having increased nearly 3% recently, influenced by the US-EU trade agreement and geopolitical developments [1] - Technical analysis suggests that crude oil may have some upward potential, with a focus on resistance levels around $69 [3] - Day trading strategies for both gold and oil suggest short positions for gold and long positions for oil, with specific target prices and stop-loss levels outlined [3][4]

Group 1 - The euro is experiencing widespread weakness against multiple currencies, including the US dollar, British pound, and Japanese yen, indicating significant selling pressure [3] - UBS analysts report that the EU's exports to the US are facing an increase in the average weighted tariff rate from approximately 1.5% to 15.2%, which could lead to a decrease in the eurozone's economic growth rate by 0.2 to 0.4 percentage points over the next year [3] - French Prime Minister François Bérou expresses that the recent trade agreement with the US represents a "dark day for Europe," reflecting deeper dissatisfaction within the eurozone, particularly in industries most affected by the tariff increases [3][4] Group 2 - The silver market opened at $38.137, experienced a brief rise to $38.338, and then saw a strong pullback, with the daily low reaching $37.888 before closing at $38.156, forming a long-legged doji candlestick pattern [5] - Current trading of silver is around $38.16 per ounce, showing a slight increase of 0.04%, with a daily high of $38.18 and a low of $38.04, indicating a short-term sideways trend [1][5]

泰国财政部长Pichai Chunhavajira：泰国和美国预计将达成关税协议的主要部分。 对泰国的关税公告将由美国发布。 泰国非常接近与美国达成贸易协议。 泰国的关税税率可能低于36%。 ...