Core Viewpoint - Brazilian President Lula responds to Trump's tariff threats, asserting that Brazil is a sovereign nation and any unilateral increase in tariffs will be addressed according to Brazilian law [1] Group 1 - Brazil's stance on sovereignty emphasizes its right to respond to external economic pressures [1] - The statement indicates a potential for legal and diplomatic actions in response to tariff increases [1]

金十数据7月9日讯，美债收益率在连续五个交易日上涨后基本持平，市场正在观望特朗普提出的关税威 胁有多大可能真正落地，以及这些政策将对通胀和经济增长造成何种影响。美联储将于美东时间下午2 点（北京时间周四凌晨2点）公布会议纪要。与此同时，白宫正向美联储施压，要求其降息，而特朗普 也在物色接替鲍威尔担任美联储主席的人选。此外，美东时间下午1点将举行10年期国债拍卖，此前一 天的3年期美债标售需求较为疲软。 特朗普关税悬而未决，美债收益率在连续上涨后趋于平稳 ...

Group 1 - The core point of the article is that President Trump has confirmed that new tariffs will be implemented starting August 1, 2025, without any further extensions, which has raised concerns among trade partners [2][3] - Trump initially announced increased tariffs on over 50 trade partners on April 2, but temporarily reduced these rates to 10% for 90 days to allow for negotiations, which were set to expire this week [3] - The tariffs will impose significant rates on various countries, with Japan and South Korea facing 25%, South Africa 30%, and Laos and Myanmar 40% [3] Group 2 - The U.S. stock market showed volatility, with major indices fluctuating near historical highs, indicating that traders were largely unfazed by the tariff notifications issued on Monday [5] - Market sentiment has shifted positively since April, with many traders believing that the worst phase of the trade war is over, as evidenced by the S&P 500 index nearing historical peaks [6] - A survey from the New York Federal Reserve indicated that consumer inflation expectations have returned to levels seen before the trade war began, with respondents expecting a 3% inflation rate one year from now [6][7]

Group 1 - Trump expresses support for former Brazilian President Bolsonaro, criticizing Brazil's treatment of him and highlighting Bolsonaro's strong leadership and trade negotiation skills [1] - Trump Media Technology Group launches global streaming platform Truth+, making Newsmax channel available on all international Truth+ applications and websites [2] - Trump signs executive order extending the tariff suspension period to August 1, delaying the implementation from July 9 [3] Group 2 - Trump seeks to terminate subsidies for wind and solar energy, labeling renewable energy as unreliable and expensive, and harmful to the environment and power grid [4] - Trump issues tariff threats to 14 countries, with varying rates from 25% to 40%, effective August 1 [5] - Trump indicates willingness to lift sanctions on Iran at an appropriate time [6] Group 3 - Trump expresses dissatisfaction with Putin and announces increased weapon shipments to Ukraine, citing disappointment over Russia's actions [8] - A proposal is made for Trump to be nominated for the Nobel Peace Prize [9] - Trump suggests that the tariff implementation date could be postponed if countries make proposals [10]

巴西总统卢拉：在金砖国家峰会期间，没有人提及特朗普的关税威胁。 ...

交易咨询业务资格：证监许可【2012】1091号 贵金属早报—— 2025年7月7日 大越期货投资咨询部 项唯一 从业资格证号： F3051846 投资咨询证号： Z0015764 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 黄金 1 前日回顾 2 每日提示 3 4 5 今日关注 基本面数据 持仓数据 1、基本面： 关税威胁引发风险资产抛售，金价震荡回升；7月4日美国独立日假期 休市，当天美股和美债现货市场休市，欧洲主要股指收盘多数下跌；美元指数跌 0.13%报96.99，离岸人民币对美元小幅升值报7.1646；COMEX黄金期货收涨0.11%报 3346.5美元/盎司；中性 2、基差：黄金期货777.06，现货772.6，基差-5.46，现货贴水期货；偏空 3、库存：黄金期货仓单21456千克，增加3000千克；偏空 4、盘面：20日均线向下，k线在20日均线下方；偏空 5、主力持仓：主力净持仓多，主力多 ...

当特朗普说7月9日前完成大多数国家关税时，商务部长卢特尼克随即补充道，关税将于8月1日生效。分 析称，这为各国提供了超出此前7月9日截止期限的额外时间。 据报道，特朗普当地时间周日（7月6日）表示，美国正接近达成几项贸易协议，将在7月9日前通知其他 国家更高的关税税率。他透露大多数国家将在7月9日前收到通知信函或达成协议，其中一些通知信函将 从周一开始发出。 在回答记者关税生效日期的提问时，特朗普表示，会在7月9日前完成对大多数国家的关税。在特朗普身 旁的卢特尼克随即补充道，"但他们将于8月1日生效。" 美国财长贝森特(Scott Bessent)此前也发表类似言论。据华尔街见闻文章提及，贝森特在媒体采访中表 示，美国将向贸易伙伴发出通知函，要求在8月1日前达成协议，否则将回到4月2日的关税水平。 分析指出，这一时间表调整为全球贸易伙伴提供了三周缓冲期，同时凸显了特朗普政府利用关税威胁推 进贸易谈判的策略。 此外，贝森特称，几项重大贸易协议公告可能在未来几天内发布，欧盟在谈判中取得了良好进展。白宫 官员表示，与欧洲和印度的谈判进展积极，正在进行认真谈判的国家可能获得期限延长。 关税生效时间获得缓冲 特朗普周日 ...

Group 1 - Apple's iPhone sales in China experienced a year-on-year growth of 8% in Q2 2025, marking the first increase in two years [1] - The growth is attributed to strong sales of the iPhone 16 Pro and Pro Max models, with expectations of double-digit growth [1] - Price adjustments made by Apple in May were well-received and coincided with a promotional period that saw the company leading in sales [1] Group 2 - Wall Street welcomed Apple's recovery in the Chinese market, leading to a rise in its stock price, although the stock has declined approximately 15% this year due to various challenges [2] - Apple faces intense competition from Huawei, which is expected to achieve the highest growth rate among major brands and potentially become the top brand in China by Q2 2025 [2] - Huawei's sales have also seen significant growth during promotional periods, supported by strong loyalty from its core user base [2]

Core Viewpoint - The Swiss franc experienced a significant decline in the first quarter, yet the Swiss National Bank refrained from intervening in the foreign exchange market for the fifth consecutive quarter [1] Group 1: Swiss National Bank Actions - The Swiss National Bank purchased only 49 million Swiss francs in foreign exchange from January to March, maintaining a consistent low level of intervention compared to previous quarters [1] - The decision not to intervene suggests that officials see no reason to act, especially after a surprising rate cut in December 2022 that led investors to withdraw funds from the Swiss franc [1] Group 2: Currency Performance - In the first quarter, the Swiss franc depreciated by 1.7% against the euro while appreciating by 2.8% against the US dollar [1] - The appreciation against the US dollar may be linked to heightened trade tensions, particularly following President Trump's announcement of comprehensive tariffs on April 2, which caused the Swiss franc to reach a historical high against the dollar [1]

欧洲央行有能力应对未来的冲击。 欧洲央行行长拉加德：全球经济经历了巨大的冲击。 关税威胁为经济带来了极大的不确定性。 ...