Core Viewpoint - The Thai Deputy Finance Minister urges the central bank to further relax monetary policy while the fiscal policy will fully stimulate the economy, preparing over 40 billion Thai Baht to address the impact of U.S. tariffs [1] Group 1 - The Thai government is advocating for a more accommodative monetary policy from the central bank [1] - Fiscal measures are being prioritized to stimulate economic growth [1] - A budget of over 40 billion Thai Baht is being allocated to mitigate the effects of U.S. tariffs [1]

泰国央行：由于美国关税，预计下半年出口大幅萎缩。 ...

Core Insights - The Deputy Governor of the Reserve Bank of Australia, Hauser, highlighted that significant macroeconomic challenges are occurring globally [1] - There is a strong focus on global trade dynamics, indicating its importance in the current economic landscape [1] - The immediate impact of U.S. tariffs on Australia appears to be minimal [1]

Core Viewpoint - The South Korean Deputy Minister of Industry stated that the implementation of U.S. tariffs would have a significant impact on the local economy [1] Group 1 - The potential U.S. tariffs could disrupt trade relations and affect various sectors within the South Korean economy [1] - The Deputy Minister emphasized the need for careful consideration of the economic repercussions that such tariffs could bring [1] - There is a concern that these tariffs may lead to increased costs for consumers and businesses in South Korea [1]

Core Viewpoint - The French Minister of Industry stated that the goal of France and the EU regarding U.S. tariffs is to ease tensions [1] Group 1 - France and the EU are focused on addressing the issues surrounding U.S. tariffs to reduce trade tensions [1]

澳洲联储：尽管美国关税的最终范围及其他国家的政策应对尚未确定，金融市场的价格已出现反弹，市 场普遍预期最极端的结果可能会被避免。 ...

泰国财政部长：正在制定应对美国关税的备选方案。 ...

日本财务大臣加藤胜信：将采取必要措施帮助产业应对美国关税，同时与其他相关机构保持沟通。 ...

【解读】基金经理解读有色板块投资机会 中国基金报记者 张燕北 孙晓辉 有色金属板块近期涨幅领先市场，各类金属亦相继 " 起舞 " 。 继黄金、白银、铂金等贵金属价格 " 狂飙 " 后， " 铜博士 " 也迎来爆发式行情。本周国际 铜价突破三个月新高，伦敦金属交易所（ LME ）铜期货价格一度升破每吨 10000 美元，创 三个月新高。 二级市场方面，受商品铜价飙升催化，有色金属板块接连几周涨幅领先市场。 业内机构表示，伦敦铜价再度逼近年内高位，主因是交易商们持续将铜运往美国，试图在特 朗普上调关税的最后期限到来前备货。尽管本周铜价自高位有所回调，但当前支撑铜价的一 些基本面因素仍然存在。随着全球经济复苏的推进，有色金属的需求有望持续增长。 短期催化与宏观周期因素 驱动有色 " 起舞 " Wind 数据显示，有色金属指数近一个月涨幅达 8.74% ，在 31 个申万行业指数中位列第 二。 在业内机构看来，有色金属板块近期的上涨，既有短期催化，也有宏观周期因素的推动。 华 夏基金 认为， 直接的催化是商品铜价格飙升 。本周 LME 铜库存降至 9 万吨，创 2023 年 8 月以来 22 个月新低，导致铜价逼仓式 ...

Group 1 - The European Central Bank (ECB) is closely monitoring the volatility of foreign exchange rates [1] - The risk of inflation being lower than expected is increasing [1] - A stronger euro may exacerbate the risk of inflation being below expectations [1] Group 2 - U.S. tariffs are not expected to have an impact on inflation [1] - The ECB is currently in a good position regarding interest rates and inflation [1] - The ECB must remain pragmatic and flexible amid global uncertainties [1]