欧委会将在6月底或7月初对答复进行审核，并制定最终的产品清单。 当地时间8月，欧盟委员会（下称"欧委会"）就对美国关税反制措施的产品清单展开公众咨询。 欧委会拿出了一份价值950亿欧元的进口产品清单和一份价值44亿欧元的欧盟对美出口产品清单，其中包括可能被 征收出口关税的废金属(废钢和化学品)。不过欧委会此次没有列出可能的关税水平。 据第一财经记者梳理，该清单涉及美国对欧洲出口的葡萄酒、波本酒和其他烈酒、鱼类、飞机、汽车和汽车零部 件、化学品、电气设备、保健产品和机械等产品。欧盟没有将医药产品或半导体产品列入清单。 欧委会还表示，将准备就美国开征的所谓"对等关税"和汽车关税向世界贸易组织（WTO）提出磋商请求，认为这 些关税公然违反WTO基本原则。 8日，欧委会的声明表示，此次公布清单是为了进行公开咨询，"如果欧盟与美国正在进行的谈判不能取得互利的 结果并取消美国的关税，欧盟可能会对这些产品采取反制措施。" 欧盟解释，自美国征收不合理的有害关税（unjustified and harmful tariffs）以来，欧盟一直优先考虑通过谈判，包 括在美国宣布的90天部分暂停关税的框架内，找到一个互利和平衡的解决 ...

消息人士：在贸易谈判中，印度要求美国免除所有当前和未来的关税。印度提议在潜在贸易协议下，将 与美国的关税差距从接近13%缩减至不足4%。 ...

Core Viewpoints - The report suggests that the recent US-UK trade agreement may not be replicable with other countries, advising investors to reduce their holdings in US stocks [2][3][4]. Market Performance - The Hong Kong stock market has seen a six-day rise, with the Hang Seng Index opening at 22,589 points and closing at 22,775 points, up 84 points or 0.4%. The trading volume decreased by 22.6% to HKD 185.9 billion [2]. - Northbound trading recorded a net outflow of HKD 2.385 billion, a reduction of 69.7% compared to previous days. The most bought stocks were China Construction Bank, Chifeng Jilong Gold Mining, and Meituan, while Tencent, Pop Mart, and Xiaomi saw the most selling [2]. Industry Performance - Among the 12 Hang Seng Composite Index sectors, six rose and six fell. The leading sectors were Information Technology, Consumer Discretionary, and Healthcare, with increases ranging from 0.52% to 1.08%. The lagging sectors included Materials, Real Estate & Construction, and Industrials, with declines between 0.26% and 1.15% [2]. Company Analysis: Apple Inc. - Apple reported Q2 revenue of USD 95.4 billion, a 5.1% year-on-year increase, surpassing market expectations. Product revenue exceeded expectations by 1.3%, while service revenue fell short by 0.3%. The growth was driven by iPhone, Mac, iPad, and software services, despite a decline in wearables and other hardware [5]. - Operating profit reached USD 29.6 billion, up 6.1% year-on-year, and net profit was USD 24.8 billion, a 4.8% increase [5]. - iPhone revenue was USD 46.8 billion, with a 1.9% year-on-year growth and a 10.1% increase in shipment volume, attributed to the launch of the iPhone 16e and preemptive purchases due to tariff expectations. However, the average selling price dropped by 7.4% to around USD 809 [5]. - The Greater China region saw a revenue decline of 2.3% due to competitive pressures, while the Americas accounted for 42.3% of revenue, growing by 8.2% [5]. Future Outlook - The company anticipates revenue growth of 0-5% for the next quarter, facing challenges from tariff pressures, intensified competition in China, rising hardware costs, and increased AI R&D investments. The demand for wearables remains weak, and software service revenue growth is slowing [6]. - The report highlights potential risks including tariff uncertainties, rising costs from supply chain shifts, and insufficient product growth momentum [6].

泰国央行行长：贸易谈判将需要时间。 ...

贵金属日报：高位震荡 夏莹莹（投资咨询证号：Z0016569） 投资咨询业务资格:证监许可【2011】1290号 2025年5月9日 【行情回顾】 周四贵金属市场延续震荡调整，因美联储利率决议及会后声明传递偏鹰信号不着急降息及美指明显回 升，以及美英贸易谈判缓和避险情绪。接下来焦点转向周内中美贸易谈判。最终黄金2506合约收报 3310.4美元/盎司，-2.4%；美白银2507合约收报于32.605美元/盎司，-0.57%。 SHFE黄金2508主力合 约收报790.78元/克，-1.41%；SHFE白银2506合约收8094元/千克，-1.78%。 【降息预期与基金持仓】 据CME"美联储观察"数据显示，美联储6月维持利率不变的概率为83.5%，降息25个基点的概率为 16.5%；美联储7月维持利率不变的概率为29.1%，累计降息25个基点的概率为60.1%，累计降息50个基 点的概率为10.7%；美联储9月维持利率不变的概率为12.2%，累计降息25个基点的概率为42.1%，累计 降息50个基点的概率为39.4%，累计降息75个基点的概率为6.2%。长线基金看，SPDR黄金ETF持仓日增 2.01吨至93 ...

1. Report Industry Investment Rating - No relevant information provided 2. Core View of the Report - Gold may continue to show a relatively strong consolidation performance. Despite the positive impact of the potential first trade agreement on risk sentiment, the market still worries about the escalation of tariff scale. Meanwhile, geopolitical conflicts and central bank gold - buying demand continue to provide support [4] 3. Summary by Related Catalogs Futures Market - **Prices and Changes**: The current prices of沪金2506,沪金2512,沪银2506, and沪银2512 are 784.54, 790.42, 8154.00, and 8221.00 respectively. They have decreased by - 10.26, - 9.96, - 81.00, and - 85.00 with corresponding percentage changes of - 1.29%, - 1.24%, - 0.98%, and - 1.02% compared to the previous closing prices [2] - **Positions and Volumes**: The positions of沪金2506,沪金2512,沪银2506, and沪银2512 are 127407, 51018, 232016, and 108449 respectively, and the trading volumes are 197963, 17040, 274975, and 16641 respectively [2] - **Spot Premiums**: The spot premiums of沪金2506,沪金2512,沪银2506, and沪银2512 are 8.33, 2.45, 67.00, and 0.00 respectively [2] Spot Market - **Prices and Changes**: The previous closing prices of Shanghai Gold T + D, London Gold (in USD/ounce), and London Gold (in another form) are 792.87, 796.45, and 3431.105 respectively. They have increased by 13.37, 39.70, and 190.495 with corresponding percentage changes of 1.72%, 5.25%, and 5.88%. The previous closing price of Shanghai Silver T + D is 8221.00, with an increase of 58.00 (0.71%), and the previous closing price of London Silver (in USD/ounce) is 33.21, with an increase of 1.21 (3.78%) [2] - **Price Ratios**: The current values of沪金2512 - 沪金2506,沪银2512 - 沪银2506, gold/silver (spot), Shanghai Gold/London Gold, and Shanghai Silver/London Silver are 5.88, 67, 96.44, 7.19, and 7.70 respectively, compared to the previous values of 5.58, 71, 95.49, 7.48, and 7.93 [2] Inventory - **Changes**: The current inventories of Shanghai Futures Exchange gold, Shanghai Futures Exchange silver, COMEX gold, and COMEX silver are 15,648 kg, 959,785 kg, 40,607,507 (units), and 501,316,990 (units) respectively. The changes are unchanged, an increase of 96.00 kg, a decrease of - 281,064.04 (units), and an increase of 673016 (units) compared to the previous values [2] Related Data - **Market Indexes and Ratios**: The current values of the US dollar index, S&P index, US Treasury yield, Brent crude oil, and US dollar - RMB exchange rate are 99.2654, 5606.91, 4.3, 62.04, and 7.2080 respectively, with changes of - 0.53%, - 0.77%, - 1.38%, 0.01%, and 0.10% compared to the previous values [2] - **ETF and CFTC Positions**: The current positions of SPDR Gold ETF, SLV Silver ETF, CFTC speculators' net position in silver, and CFTC speculators' net position in gold are 44315 tons, 44315 tons, 33486, and 32895 respectively, with changes of 1.00 ton, 1.00 ton, an increase of 481, and a decrease of - 1451 compared to the previous values [2] Market News - **Trade Negotiations**: The US and the UK have reached an agreement on tariff trade terms. The UK will reduce tariffs on US goods from 5.1% to 1.8%, and the US will maintain a unified 10% tariff on UK - imported goods. The UK will further relax market access for US goods. The EU has announced a retaliatory list of 95 billion euros of US goods and may restrict imports of US wine, beer, and spirits. The US is about to start the legislative work of a large - scale tax - cut plan [3][4] - **Employment Data**: The number of initial jobless claims in the US last week decreased by 13,000 to 228,000, and the number of continued jobless claims in the previous week decreased by 28,000 to 1.879 million, both better than market expectations [4] - **Fed Policy**: The Fed kept interest rates unchanged at the May meeting. Powell mentioned the rising risks of unemployment and inflation in the future, showing a wait - and - see attitude. In the short term, the Fed is unlikely to make a clear statement [4]

Core Viewpoint - The European Union (EU) has announced a retaliatory tariff list against the United States, indicating potential tariffs on a wide range of American exports if trade negotiations fail and existing tariffs are not lifted [1][2]. Group 1: EU's Retaliatory Tariff Plans - The EU plans to impose retaliatory tariffs on U.S. products worth €95 billion if ongoing trade negotiations do not yield results [1]. - The proposed tariff list includes U.S. civil aircraft, passenger cars, medical devices, chemicals, plastic products, agricultural products, and alcoholic beverages, including bourbon whiskey, which was previously removed from the list [1]. - The EU aims to reaffirm the importance of international trade rules and intends to consult the World Trade Organization regarding the U.S. tariffs, which they believe violate fundamental principles of the organization [1]. Group 2: Impact of U.S. Tariffs on EU - Since January, the U.S. has imposed tariffs on €379 billion worth of EU exports, accounting for 70% of the total EU exports to the U.S. [2]. - The EU claims that U.S. tariffs are increasing operational costs for businesses, suppressing growth, and exacerbating inflation, leading to greater economic uncertainty [2].

卢特尼克是在特朗普公布美英贸易框架协议几小时后发表上述讲话的。该框架协议为美国提供了更多的 市场准入和更快的出口海关程序，以换取对汽车、钢铁和铝征收的有限关税减免。 卢特尼克补充说，印度一直"非常努力"，该国"肯定"有可能成为下一个达成协议的国家之一。但他提醒 说，"这是一项艰巨的工作"。 卢特尼克说："当你谈到印度时，可能有7000项关税"需要根据假定的协议进行修改或修订。这只是需要 时间，只是需要努力，所以给我们一个机会，不要催促和操之过急。 与此同时，卢特尼克表示，他希望最初的协议能成为各自地区的模板，帮助说明特朗普希望以什么样的 让步来换取关税减免。 "我们正试图向人们展示如何开展业务的框架，这样我们就能更快地开展业务，对吗？"卢特尼克说。 这位在贸易谈判中发挥主导作用的商务部长说，特朗普10%的基准关税仍然是"底线"，但许多国家将面 临更高的税率，除非它们积极采取行动开放本国经济。 他还说，英国的协议表明，各国可以看到特朗普收回他对汽车和金属等产品征收的行业关税，尽管特朗 普认为这些产品是国家安全的优先事项。 美国商务部长卢特尼克特别指出，印度在贸易谈判中"非常努力"，有望成为下一个达成协议的国家。 ...

Group 1 - The Chinese Ministry of Foreign Affairs spokesperson Lin Jian stated that the upcoming high-level economic and trade talks between China and the U.S. are being held at the request of the U.S. side, indicating China's attempt to set the tone for these crucial negotiations [1][2] - The talks may help resolve the tariff war initiated by the Trump administration, with the U.S. maintaining that it holds the upper hand in the trade conflict due to China's reliance on the U.S. market [1][2] - U.S. Treasury Secretary Becerra and U.S. Trade Representative Greer announced that they will meet with Chinese officials in Switzerland, with negotiations set to begin on Saturday [1][2] Group 2 - The Chinese Embassy in the U.S. emphasized that the U.S. has been actively seeking dialogue regarding tariffs and that China agreed to engage after careful evaluation of U.S. communications [2] - President Trump expressed reluctance to lower tariffs on Chinese imports, stating he would not reduce the 145% tariffs to facilitate more substantive trade negotiations [2] - The upcoming talks are the first confirmed trade negotiations since Trump announced his tariff measures, with Becerra acknowledging that Trump's strategy may unsettle markets but could be advantageous for U.S. negotiations [2] Group 3 - The Chinese Ministry of Commerce spokesperson He Yadong stated that for the U.S. to resolve issues through negotiations, it must recognize the severe negative impacts of unilateral tariff measures and be prepared to correct its mistakes, including canceling additional tariffs [3] - He emphasized that if the U.S. attempts to use negotiations as a facade for coercion, China will not agree and will not sacrifice its principles or international fairness for any agreement [3]

Group 1 - The EU announced a retaliatory tariff list against the US, planning to impose tariffs on US exports worth €95 billion if trade negotiations fail [1] - The proposed tariffs will target US products including civilian aircraft, cars, medical devices, chemicals, plastics, agricultural products, and alcoholic beverages [1] - The EU aims to reaffirm the importance of international trade rules and plans to request consultations with the WTO regarding US tariffs [1] Group 2 - Since January, the US has imposed tariffs on €379 billion worth of EU exports, accounting for 70% of the EU's total exports to the US [2] - The EU claims that US tariffs are increasing business costs, suppressing growth, and exacerbating inflation, leading to greater economic uncertainty [2]