日前，中办、国办印发《关于进一步保障和改善民生 着力解决群众急难愁盼的意见》（以下简称《意 见》），其中多次提到"保障性住房"，如支持各地统筹资金渠道，加大保障性住房供给，引导支持社会 力量运营长期租赁住房；引导支持在保障性住房中加大兼顾职住平衡的宿舍型、小户型青年公寓供给 等。此外，《意见》还提到，稳步推进灵活就业人员参加住房公积金制度。 严跃进认为，后续需要政府与开发商、企业等多方合作，通过政策引导、资金扶持等方式，鼓励建设更 多适合青年居住的小户型公寓，特别是在就业集中区域，确保青年人能够就近居住，实现工作与生活的 便利衔接。反过来，此类住房产品供给也要与各地就业工作等挂钩，有利于各类产业聚集。 这些政策对初入职场的年轻人以及参与新职业的青年释放了哪些积极信号？政策又将如何更好地落地？ 新京报记者采访了业内专家进行解读。 持续发力，把保障房和好房子结合起来 保障性住房供给一直是最近几年的重点工作，尤其体现在用地支持、金融财税支持等系列工作中。今年 年初，北京市规划和自然资源委联合北京市发展和改革委发布《北京市2025年度建设用地供应计划》， 相比去年，今年的保障性住房用地计划供应量增加了15公顷，达到4 ...

Core Viewpoint - A significant portion of the Ukrainian population, 63%, now misses former President Yanukovych, with 89% of those who protested against him expressing regret over their actions, highlighting a stark contrast between past hopes and current realities [1][6][8]. Group 1: Public Sentiment and Regret - A survey by the Kyiv International Sociology Institute indicates that a majority of the protesters from 2014 now regret their actions, reflecting a deep sense of loss and disappointment in the current state of affairs [6][8]. - The public sentiment has shifted dramatically, with negative feelings towards Yanukovych decreasing from 88% in 2014 to 33% in 2025, as people express feelings of regret and disillusionment with Western promises [8][20]. Group 2: Economic Conditions - Under Yanukovych's leadership, Ukraine experienced economic growth, with a GDP increase of 4.3% in 2012 and a decrease in unemployment to 7.8%, contrasting sharply with the current unemployment rate exceeding 40% [12][20]. - The economic situation has deteriorated significantly, with GDP plummeting from $183.3 billion in 2013 to $91 billion in 2015, and inflation soaring to 43.3% [20]. Group 3: Western Influence and Aid - The initial promise of €11 billion in modernization aid from the EU has largely failed to materialize, with only 30% reaching the intended recipients, and much of the funding being earmarked for military purposes rather than civilian needs [3][20]. - The U.S. involvement in Ukraine's political landscape included significant financial support for "democracy promotion," which has been criticized as a form of manipulation rather than genuine assistance [16][18]. Group 4: Political Dynamics - The political landscape in Ukraine has become increasingly polarized, with internal divisions exacerbated by language policies and differing regional sentiments, complicating the path to national unity and development [22][24]. - The current administration is facing accusations of corruption, with reports indicating that President Zelensky's family holds over $1.3 billion in offshore assets, raising concerns about governance and accountability [22].

Universal Health Services (UHS) FY Conference June 09, 2025 08:00 AM ET Speaker0 Alright. Good morning, everyone. I'm Jamie first this is the first session of the day. So I we're required to make disclosures in public compensation either 1% or more ownership. We're prepared to repeat the loud disclosures for press however these are available to our in our most recent reports, we Speaker1 would find a on our firm portal. Alright. So with that out of the way, we're we're kicking off today with UHS, and we hav ...

研究员：王艳红 投资咨询号：Z0010675 研究员：袁 棋 投资咨询号：Z0019013 第一部分 核心观点 第二部分 氧化铝-产业基本面 第三部分 电解铝-产业基本面 上方压力逐步加大，关注多空双方在20000附近的博弈情况 目 录 核心观点 宏观：美国5月失业率值同预期一致，非农就业人口微幅超预期，美国经济仍有一定韧性，降息预期降低，美元指数小幅反弹；周末美日新一轮贸易 谈判仍未有结果，美国内部官员分歧较大，加上近期特朗普和马斯克关系迅速恶化，表明美国内部不确定性正在快速加大，预计会对全球经济带来重 大影响。 氧化铝-产业基本面总结： 电解铝-产业基本面总结： 综合来看，海外关税政策和美国内部不稳定性因素正在加大，预计对后续全球资产带来较大影响，短期盘面回归基本面。产业方面，国内需求逐 步进入淡季，价格上方压力加大，中期存在利空；社库延续去化，且处于绝对低位，现货商挺价意愿较强，升水维持高位，对盘面存在较强支撑。简 言之，预计主力07合约区间震荡，运行区间为19600-20200元/吨之间，短期偏弱概率加大，关注盘面在20000附近的多空博弈情况，建议产业端随用 随采。 供给：5月，在产产能环比增加21 ...

投资咨询业务资格 证监发【2014】217号 纯碱玻璃周报——2025.06.09 中原期货研究所：化工组 | 作者：刘培洋 | 研究助理：申文 | | --- | --- | | 执业证书编号：F0290318 | 执业证书编号： F03117458 | | 投资咨询编号：Z0011155 | 0371-58620081 | | liupy_qh@ccnew.com | shenwen_qh@ccnew.com | 01 周度观点汇总 3 1.1 纯碱周度观点——供应压力回升 品种 主要逻辑 策略建议 风险提示 纯碱 1.供应 装置开工率80.76%（+2.19%），氨碱法75.65%（环比+4.24%），联碱法80.41%（+3.87%)；周 产量70.41万吨（+1.91万吨），轻碱产量32.18万吨（+0.66万吨），重碱产量38.22万吨（+1.25 万吨）。 2.需求 纯碱表需70.14万吨（-3.61万吨），轻碱表需35.01万吨（+2.30万吨），重碱表需35.12万吨 （-5.65万吨）。 3.库存 纯碱企业库存162.70万吨（+0.27万吨），轻碱库存79万吨（-2.83万吨），重碱库存 ...

研究所 白净 F03097282，Z0018999 黑色金属周报-钢材 钢价低位反弹 基差修复 目录 第一部分 结论及平衡表 第二部分 供需基本面 1 钢价低位反弹 基差修复 350 450 550 650 750 850 950 1050 1150 01 02 03 04 05 06 07 08 09 10 11 12 五大品种表观需求 2022 2023 2024 2025 1000 1500 2000 2500 3000 3500 1 3 5 7 9 11131517192123252729313335373941434547495153 五大品种钢材社库+厂库（农历） 2021 2022 2023 2024 2025 数据来源：钢联、宏源期货研究所 本周国内钢材现货价格震荡小幅反弹，华东上海螺纹3090元（-），唐山螺纹3150元（+20）； 热卷方面，上海热卷3200元（+30），天津热卷3120元（-20）。 截至6月5日，五大品种钢材整体产量降0.47万吨，五大品种库存厂库环比降0.26吨，社库降 1.53吨。表观需882.17万吨，环比降31.62万吨。截至6月6日，长流程现货端，华东螺纹长流 ...

2025 年 6 月 9 日 银河能化-20250609 早报 【银河期货】原油期货早报（25-06-09） 【市场回顾】 原油结算价：WTI2407 合约 64.58 涨 1.21 美元/桶，环比+1.91%；Brent2508 合约 66.47 涨 1.13 美元/桶，环比+1.73%。SC 主力合约 2507 涨 3.2 至 467.9 元/桶，夜盘涨 8.0 至 475.9 元/桶。Brent 主力-次行价差 0.74 美金/桶。 【相关资讯】 美国官员告诉路透，美国认为俄罗斯总统普京威胁要对乌克兰上周末的无人机袭击进行的 报复行为尚未真正发生，报复很可能是一次大规模且多管齐下的袭击。俄罗斯全面回应的 时间尚不清楚，一位消息人士称预计将在几天内做出回应。另一名美国官员说，报复行动 可能动用包括不同种类的空中能力，包括导弹和无人机。 美国财政部周五表示，美国针对 30 多个个人和实体实施了与伊朗有关的制裁，称这些个 人和实体是"影子银行"网络的一部分，该网络通过全球金融系统洗钱数十亿美元。 中国外交部周六宣布，国务院副总理何立峰将于 6 月 8 日至 13 日访问英国，其间将在伦 敦与美国总统特朗普的三 ...

Report Industry Investment Rating No relevant content provided. Core Views of the Report - After the call between Chinese and US leaders, the market's bullish sentiment was boosted, and bullish funds actively entered the market, causing the Dalian soybean meal futures to rise significantly. However, as China has not yet purchased new - season US soybeans, the changes in subsequent Sino - US trade negotiations need to be monitored. The US soybean sowing season has been relatively smooth, with a good initial report on crop quality, and overall normal weather in the production areas, but the precipitation forecast in the Midwest is slightly dry, which may bring phased growth pressure. Attention should be paid to the area survey report and the change in crop quality at the end of June. Brazil's soybean export peak has passed, and the soybean premium has rebounded. Argentina's soybean harvest is nearly complete, and a bumper harvest is established. - Domestically, oil mills have sufficient purchases of Brazilian soybeans for the June - August shipping schedule. Attention should be paid to the soybean purchase dynamics for the fourth quarter. The arrival of soybeans in China is still ongoing, with an estimated arrival of over 10 million tons in June - July and 8 - 10 million tons in August - September, resulting in a generally loose short - term supply. The operating rate of oil mills remains high, and domestic soybean and soybean meal are still in the process of inventory accumulation, with spot prices gradually declining and basis continuing to weaken. The提货 volume of soybean meal from oil mills has increased significantly, providing short - term support for market demand. Feed enterprises' soybean meal inventory has continued to rise but is at a low level compared to the same period, and there is still a need for restocking in the future. - As new - season US soybeans for the fourth quarter have not been purchased, the call between Chinese and US leaders may provide an expectation of improvement for subsequent trade negotiations, boosting the domestic futures market. Attention should be paid to subsequent trade negotiations, the weather in the US soybean production areas, the release of USDA reports, and the area report at the end of June. Domestically, supply has increased, putting pressure on spot prices, while feed enterprises'提货 and restocking have increased, and inventory has gradually recovered. Technically, the futures market has formed a bottom structure, and long - term there are opportunities to go long on dips. Overall, in the short term, Dalian soybean meal futures may fluctuate with a slight upward trend [3][74][75] Summary According to the Table of Contents 1. Review of the Soybean Meal Market - Since May, soybean meal has shown a weak oscillation followed by a small - scale rebound. At the end of May, the 09 - contract of soybean meal increased by 48 yuan/ton to 2968 yuan/ton, a rise of 1.64%. In the first half of May, the market was mainly influenced by the increase in soybean arrivals and the rise in the operating rate of oil mills, leading to an increase in soybean meal supply and a decline in spot prices. The futures market was weakly oscillating due to uncertainties in Sino - US relations. In the second half of May, the market was affected by the potential soybean production reduction in Argentina due to heavy rain and the impact of short - term heavy precipitation on the sowing progress in the US soybean production areas. Bullish funds pushed up the futures market, and the weather model predicted a dry and less - rainy growing season for US soybeans, injecting a certain weather premium into the market. However, due to the sufficient supply of soybeans in the past two months, the upward space was limited in the short term [9] 2. International Aspects 2.1 Global Soybean Supply and Demand - According to the new - season soybean balance sheet released by the US Department of Agriculture in May, the global soybean production in the 2025/2026 season is 426.817 million tons, with a year - on - year increase of 1.41%, showing a slowdown. Global export demand is 188.432 million tons, with a year - on - year increase of 4.18%. The crushing demand is 366.462 million tons, with a year - on - year increase of 3.48%. The ending inventory is 124.33 million tons, an increase of 1.15 million tons year - on - year, and the stock - to - consumption ratio has dropped to 29.32%, indicating a slight tightening of the global supply - demand situation [12] 2.2 US Soybean Supply and Demand - In the 2024/2025 season, the export demand for US soybeans was raised by 25 million bushels to 1.85 billion bushels, leading to a decline in ending inventory to 350 million bushels and a stock - to - consumption ratio of 7.98%. In the 2025/2026 season, the sown area is 83.5 million acres, the yield per acre is 52.5 bushels, and the production is 4.34 billion bushels. The US crushing capacity continues to expand, with an annual increase of 70 million bushels to 2.49 billion bushels, and the export demand is slightly reduced to 1.815 billion bushels. The ending inventory of new - season soybeans has dropped to 295 million bushels, and the stock - to - consumption ratio is 6.68%, indicating a tightening supply situation [16] 2.3 Weather in US Soybean Production Areas - As of the week ending June 1, 2025, the sowing progress of US soybeans was 84%, lower than the market expectation of 86%. The emergence rate was 63%, and the good - quality rate was 67%, lower than the market expectation of 68%. As of the week ending May 27, about 17% of the US soybean - growing areas were affected by drought. The weather forecast shows that in the next 15 days, the cumulative precipitation in the US soybean production areas will be 80 - 90 mm, which is beneficial for the initial growth of soybeans, and the sowing season is expected to end smoothly [18] 2.4 US Soybean Crushing Demand - In April 2025, the US soybean crushing volume was 190.226 million bushels, higher than the market expectation. From September 2024 to April 2025, the cumulative US soybean crushing volume was 1.540098 billion bushels, a year - on - year increase of 4.24%. As of the week ending May 23, 2025, the US soybean crushing profit was 1.85 dollars per bushel [22] 2.5 US Soybean Export Demand - As of the week ending May 22, 2025, the net export sales of US soybeans in the current market year increased by 146,000 tons. The cumulative export sales volume of US soybeans in the 2024/2025 season was 48.46 million tons, with a sales progress of 96.2%. China did not purchase US soybeans that week, and the cumulative purchase volume in the current year was 22.48 million tons [23] 2.6 Brazilian Soybean Balance Sheet and Exports - In the 2024/2025 season, Brazil's soybean production remained at 169 million tons, export demand was reduced by 1 million tons to 104.5 million tons, and ending inventory increased to 33.31 million tons. In the 2025/2026 season, Brazil's soybean production is estimated to be 175 million tons, export demand is 112 million tons, crushing demand is 58 million tons, and ending inventory is 34.16 million tons, with a stock - to - consumption ratio of 19.6%. In April 2025, Brazil's soybean export volume was 15.27 million tons, and the cumulative export volume from January to April was 37.45 million tons [32][38][39] 2.7 Brazilian Soybean Harvest - As of the week ending May 24, 2025, the soybean harvest progress in Brazil was 99.5%, and the harvest work was basically completed [41] 2.8 Argentine Soybean Situation - In the 2024/2025 season, Argentina's soybean production remained at 49 million tons. In the 2025/2026 season, production was slightly reduced to 48.5 million tons, crushing demand was raised to 43 million tons, ending inventory was 25.45 million tons, and the stock - to - consumption ratio was 46.27% [44] 3. Domestic Situation 3.1 Import of Soybeans and Other Products - In April 2025, China's soybean import volume was 6.08 million tons, lower than the market expectation, mainly due to tightened customs clearance policies. From October 2024 to April 2025, China's cumulative soybean import volume was 46.37 million tons, a year - on - year decrease of 3.68 million tons. The estimated arrival volume in May was over 12 million tons, and in June - July it was over 10 million tons. In April 2025, China's rapeseed import volume was 489,000 tons, and the cumulative import volume from January to April was 1.388 million tons. The rapeseed meal import volume in April was 289,000 tons, and the cumulative import volume from January to April was 1.086 million tons [49] 3.2 Domestic Oil Mill Inventory - As of the week ending May 30, 2025, the soybean inventory of major oil mills was 5.8288 million tons, an increase from the previous week and the same period last year. The soybean meal inventory was 298,000 tons, and the unexecuted contracts were 3.6929 million tons. The national port soybean inventory was 7.054 million tons. The daily average trading volume of soybean meal in the week was 82,580 tons, and the daily average提货 volume was 186,080 tons. The crushing volume of major oil mills was 2.2682 million tons, and the inventory days of soybean meal in feed enterprises were 5.99 days [52] 3.3 Feed and Aquaculture Situation - In April 2025, the national industrial feed production was 27.53 million tons, a month - on - month increase of 4.2% and a year - on - year increase of 9.0%. The proportion of corn in compound feed produced by feed enterprises was 42.1%, and the proportion of soybean meal in compound feed and concentrated feed was 12.1% [61] 4. Summary and Outlook for the Future - Internationally, after the call between Chinese and US leaders, the market sentiment was boosted, but attention should be paid to Sino - US trade negotiations. The US soybean sowing season was smooth, but the Midwest may face growth pressure. Brazil's export peak has passed, and Argentina's soybean harvest is nearly complete. Domestically, the supply of soybeans is loose in the short term, and oil mills and feed enterprises are in the process of inventory adjustment. In the future, attention should be paid to trade negotiations, weather conditions, USDA reports, and the area report at the end of June. Technically, there are long - term opportunities to go long on dips, and in the short term, Dalian soybean meal futures may fluctuate with a slight upward trend [74][75]

在全球奢侈品市场经历结构性调整的当下，高端功能性服饰品牌Canada Goose加拿大鹅（下称：加拿大 鹅）以一份兼具韧性与成长性的财报展现出其穿越周期的品牌张力。品牌在复杂市场环境中展现出强劲 韧性，其战略路径的清晰性与执行效率，为高端服饰行业提供了极具参考价值的转型范本。 财报数据显示，截至2025年3月30日，品牌第四季度全球营收同比增长7.4%，直营渠道可比销售额增长 6.8%；全年营收达13.484亿加元，其中亚太地区以15.2%的增速成为核心增长极，大中华区贡献近10% 的营收增幅。这组数据背后，是其"韧性直营+区域深耕+产品升维"增长模式的有效性验证，更揭示了高 端品牌在功能性与文化叙事平衡中的生存新法则。 财报数据背后的战略逻辑，在与Canada Goose加拿大鹅董事长兼首席执行官Dani Reiss的对话中得到进 一步阐释。从产品创新到渠道变革，从区域深耕到运营韧性，品牌的战略路径展现出清晰的系统性与执 行力。 直营战略深化：门店体验与数字生态的全链路革新 加拿大鹅第四季度直营渠道（DTC）的增长，源于"人-货-场"的精准重构。在线下门店，品牌通过本土 化选品策略、优化款式与尺码供应、加速 ...

交易咨询业务资格：证监许可【2012】1091号 2025-06-09原油早报 大越期货投资咨询部 金泽彬 从业资格证号：F3048432 投资咨询证号： Z0015557 联系方式：0575-85226759 重要提示：本报告非期货交易咨询业务项下服务，其中的观点和信息仅作参考之用，不构成对任何人的投 资建议。 我司不会因为关注、收到或阅读本报告内容而视相关人员为客户；市场有风险，投资需谨慎。 CONTENTS 目 录 1 每日提示 2 近期要闻 3 多空关注 4 基本面数据 5 持仓数据 原油2507： 1.基本面：中国外交部周六宣布，国务院副总理将于6月8日至13日访问英国，其间将在伦敦与美国总统特 朗普的三名高级助手举行会谈；面对特朗普政府加征进口关税的不确定性，美国5月非农就业岗位增加13.9 万个，就业增长放缓，但薪资稳健上涨应能保持经济扩张，并可能让美联储推迟恢复降息；美国财政部宣 布了针对伊朗国民以及阿拉伯联合酋长国和香港的一些实体的制裁措施，其中至少有两家公司与伊朗国家 油轮公司有关联；中性 2.基差：6月6日，阿曼原油现货价为64.68美元/桶，卡塔尔海洋原油现货价为64.41美元/桶，基 ...