天风证券指出，海洋底部蕴藏多金属结核、多金属硫化物等关键矿产资源。当前我国已形成深潜技 术、资源勘探等技术储备，通过装备升级有望提升开发效率，构建新型战略资源储备体系。国际"蓝色 圈地"运动加剧，我国或将出台更多政策推动深海科技发展。中央财经会议强调海洋经济高质量发展， 海洋资源勘探开发、安全防务等领域将受益。外军深化深海军事布局，发展无人潜航器等装备；我 国"海魟二号"无人潜水器完成海试，水下攻防体系建设有望加速，海军通信网络、无人潜航器列装进程 或加快。深海产业链将受益于防务需求迈向高景气，拓展海洋战略空间。海洋经济向质量效益型转变， 深海科技、资源勘探及安防装备等领域发展潜力显著。 每日经济新闻 （责任编辑：董萍萍 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 军工ETF（512660）跟踪的是中证军工指数（399967），该指数从沪深市场中选取涉及航空航天、 兵器装备等国防军工行业的上市公司 ...

Group 1: Federal Reserve Predictions - Goldman Sachs anticipates the Federal Reserve will lower interest rates in September instead of December, citing lower-than-expected inflation impacts from tariffs [1] - Goldman Sachs predicts three rate cuts of 25 basis points each in September, October, and December, adjusting the terminal rate forecast to 3-3.25% [1] - Morgan Stanley analysts believe the likelihood of rate cuts in the upcoming meetings remains low, with most Fed officials supporting a cautious stance [2] Group 2: Corporate Profitability and Tariffs - Goldman Sachs highlights that U.S. corporate profit margins will face significant challenges in the upcoming earnings season due to the direct impact of tariffs, which have increased costs by approximately 10 percentage points since the beginning of the year [1] - The report indicates that while most of the increased costs are expected to be passed on to customers, if companies are forced to absorb higher-than-expected costs, profit margins will be under pressure [1] Group 3: Currency and Economic Data - Analysts from Deutsche Bank suggest that the outlook for the U.S. dollar depends on the underlying reasons for rate cut expectations, with potential short-term rebounds if inflation impacts from tariffs are limited [3] - Dutch International Group anticipates that upcoming U.S. economic data, particularly the non-farm payroll report, may provide support for the dollar index, limiting its decline [4] Group 4: Commodity Prices and Market Trends - CITIC Securities maintains a bullish outlook for copper prices, predicting they will rise to $10,000-$11,000 per ton in the second half of the year, supported by stable economic growth in China and the U.S. [6] - The report emphasizes that the copper market remains tight, with limited upstream production and a need for further macroeconomic policy support to sustain price increases [6] Group 5: Investment Opportunities - Baosheng Group suggests that while the U.S. stock market presents unique opportunities, diversifying investments into Europe, China, and India may yield better value and risk-adjusted returns [5] - The report highlights the attractiveness of U.S. corporate sectors, particularly selected tech stocks, defensive stocks, and high-dividend stocks [5]

Core Viewpoint - The report from GF Securities indicates that under the guidance of the marine power strategy, corresponding policies are expected to be introduced to promote the development of the deep-sea economy, focusing on areas such as deep-sea mining, deep-sea oil and gas development, and the utilization of deep-sea biological resources [1] Group 1: Deep-Sea Resource Development - Deep-sea resource development has become economically viable from an industrialization perspective [1] - The current value of deep-sea mineral extraction is led by seabed oil and natural gas, followed by coastal sand mines, including materials like sand and stone for construction, and tin sand [1] - The high economic and strategic value of deep-sea mineral resources positions deep-sea mining as a significant direction for deep-sea resource development [1]