Group 1 - The overall clearing cycle of the Wuhan commodity residential market is projected to reach 27.5 months by June 2025 [1][6] - The residential market in Wuhan is experiencing a recovery driven by price-sensitive demand in the main urban area, although inventory pressure in the outer districts may hinder overall market recovery [2][6] - In the first half of 2025, the land market in Wuhan saw a transaction area of 1.539 million square meters, a year-on-year decrease of 10%, while the transaction amount reached 12.66 billion yuan, an increase of 8.6% [3] Group 2 - The total transaction area of the Wuhan commodity residential market in the first half of 2025 was 3.282 million square meters, a year-on-year increase of approximately 2.2%, with an average transaction price of 15,636 yuan per square meter, up about 0.7% from 2024 [5] - The average transaction floor price for comprehensive and residential land decreased by 29.1% and 17.7% year-on-year, respectively, while the core areas of the main urban district remain highly competitive with multiple rounds of bidding [3][5] - The rental prices in Wuhan's industrial park market have decreased, with an average rental price of 33 yuan per square meter per month, down 10% to 15% year-on-year [7] Group 3 - The vacancy rate in Wuhan's industrial parks is approximately 39.5% as of the end of 2024, and it is expected to rise further after 2025 with the introduction of large-scale projects [8] - The market is witnessing a trend of price reduction to stimulate demand, particularly in the main urban area where price adjustments have activated long-standing demand from first-time buyers and those looking to upgrade [6][7]

Core Viewpoint - The Federal Reserve's decision to maintain interest rates has led to a new phase of market observation globally, influenced by inflation trends, trade policies, and geopolitical uncertainties [1][2][3] Group 1: Market Reactions and Trends - Multiple foreign institutions indicate that the uncertainty surrounding inflation, trade policies, and geopolitical issues is significantly impacting market expectations [2][3] - Despite the Fed's decision to hold rates steady, market volatility persists as investment institutions reassess asset prices and regional allocations [2][3] - The S&P 500 index has rebounded to near February highs due to easing trade tensions, but further policy-induced volatility is anticipated as tariff discussions continue [5] Group 2: Asset Allocation Shifts - There is a noticeable shift in foreign investment strategies towards Europe, Japan, and emerging markets, moving away from a cautious stance on the US market [2][7] - BlackRock's analysis suggests that with wage pressures easing and energy prices declining, the European Central Bank has more room to cut rates, making European investment-grade and high-yield credit more attractive compared to similar US assets [8] - Schroders has adjusted its focus from US equities to a more diversified regional allocation, favoring European markets, Japan, and emerging markets, while also preparing for a weaker dollar [10] Group 3: Sector and Asset Preferences - Schroders has upgraded its stock rating to positive, particularly focusing on financial stocks in the US and Europe, which may benefit from a steepening yield curve [9] - Allianz Investment highlights the strong performance of the Eurozone stock market due to improved market sentiment and political stability, while also favoring Eurozone sovereign bonds due to moderate inflation data [10]