欧洲央行称， 通货膨胀率目前处于管理委员会2%的中期目标附近。 ...

Core Viewpoint - Deutsche Bank maintains its expectation for the European Central Bank's terminal interest rate at 1.50%, indicating that the end of the easing cycle may occur sooner than previously anticipated [1] Economic Outlook - Deutsche Bank has raised its GDP growth forecast for the Eurozone in 2025 from 0.5% to 0.8%, citing the resilience of the Eurozone economy despite the impact of US tariffs [1] - The bank expects inflation in 2025 to remain below the ECB's target of 2%, suggesting there is still room for further rate cuts, although the expectation for a terminal rate of 1.50% is weakening [1] Future Projections - Looking ahead, Deutsche Bank predicts that 2026 will be a turning point, with expectations that the ECB will begin raising interest rates again by the end of 2026, increasing the policy rate to 1.75% [1]

俄罗斯经济部最新数据显示，截至6月2日，俄罗斯年度通货膨胀率为9.66%，较一周前的9.78%有所下 降。 ...

智通财经6月5日电，据俄罗斯经济部，截至6月2日，俄罗斯年度通货膨胀率为9.66%，而一周前为 9.78%。 ...

津巴布韦统计局表示，按本币计算，津巴布韦年同比通货膨胀率可能达92.1%。 ...

智通财经5月26日电，以色列央行表示，过去12个月的通货膨胀率上升至3.6%，高于1%-3%目标区间的 上限。 ...

Core Viewpoint - The article discusses the valuation of global stock indices, U.S. Treasury indices, and the limited availability of investment options in mainland China for overseas markets, while highlighting the potential for investment through various funds available abroad [1][4]. Group 1: Global Stock Market Overview - The global stock market has seen a decline, with the overall index rating dropping to 3.6 stars, and the U.S. stock market index falling by 2.5% this week [5][26]. - Hong Kong stocks have outperformed globally, with the Hang Seng Index rising by 1% and the Hong Kong Dividend Index increasing by over 2% [7][8][9]. - The Hong Kong dividend stocks have shown a strong performance, continuing to rise for six consecutive weeks since early April [10]. Group 2: Dividend Yield and Tax Implications - The default dividend yield for Hong Kong dividend stocks is relatively high, reaching 6-7% in some cases, but investors face a 20% withholding tax on H-shares and 28% on red-chip stocks when investing through the Stock Connect [14][15]. - The article notes that the dividend yields presented in the valuation table have already accounted for these withholding taxes [17]. Group 3: Impact of Tariffs on U.S. Markets - Recent fluctuations in the U.S. stock market are attributed to tariff announcements by former President Trump, which may lead to increased inflation and affect the Federal Reserve's interest rate decisions [18][23]. - The article suggests that higher tariffs are primarily a negotiation tool rather than a fundamental objective, indicating that there is no need for excessive concern [25]. Group 4: Investment Opportunities - There are currently no global stock index funds available in mainland China, but there are substantial global stock index funds abroad, amounting to over a trillion dollars [28]. - The company has introduced a "Global Index Advisory Portfolio" that diversifies investments across U.S., UK, Hong Kong, and A-shares to track the global stock market [29]. Group 5: Book Promotion - The article promotes the newly released sixth edition of "The Long-Term Investment Guide," which has gained significant popularity, ranking first in sales on major platforms [31][32]. - The book provides updated data and insights on various asset classes, emphasizing that stocks are the best long-term investment for wealth accumulation [34][35].

文 | 银行螺丝钉 （转载请注明出处） 今天上午大盘一度上涨，到下午突然变成下跌。 截止到收盘，还在5星。 今天上午大盘一度上涨，到下午突然变成下跌。 大小盘股微跌，跌幅也差不多。 价值和成长风格也都下跌。 医药医疗等相对坚挺，略微上涨。 港股下午也下跌，不过到尾盘的时候反弹。 港股整体微涨。港股红利等微涨。 港股一季度财报发布也差不多了。 后面也会介绍下港股主流指数，一季度的盈利增长情况。 海外市场也出现了波动。 特朗普又开始搞事情，宣布要对欧洲等商品提高关税。 在消息宣布后，法股、德股指数一度下跌近3%。 美股开盘后也出现波动。 4月初全球市场因为关税事件，也出现过波动，导致全球股票市场一度下跌到4.1-4.2星。 随后5周全球股票市场反弹。 对美元来说，其实也承受不了太高的关税。 关税提高，有可能导致美股通货膨胀率提升；进而影响美联储降息放缓。 而美元债券规模庞大，较高的利率是比较沉重的负担。 高关税更多的是特朗普用来谈判的工具，而非根本目的，也不用太担心。 1. 有朋友问，今年港股医药涨的比较好，现在估值如何？ A股和港股，在医药指数分类上，有一些小的不同点。 （1）A股医药对应的是医药指数，例如中证 ...

据俄罗斯经济部数据，截至5月19日，俄罗斯年度 通货膨胀率为9.90%，一周前为10%。 ...

印度尼西亚财政部长：预计2026年总体 通货膨胀率为1.5% - 3.5%。 ...