Group 1 - Chinese concept stocks showed strong performance, with the Wande Chinese Technology Leaders Index and the Nasdaq Golden Dragon China Index both rising over 2% [4] - Popular Chinese concept stocks experienced significant gains, with Tiger Securities, iQIYI, and Kingsoft Cloud all rising over 10%, and companies like Huya, ZTO Express, Dingdong Maicai, and JD.com also seeing substantial increases [5] - The A-share and Hong Kong stock markets have performed strongly, with the ChiNext Index reaching a new high for the year and the Shenzhen Component Index also hitting a four-month high [6] Group 2 - Major sectors such as electronics, pharmaceuticals, and automotive received over 20 billion yuan in net inflows from main funds this week, while sectors like power equipment, communications, computers, and non-ferrous metals also saw over 10 billion yuan in net inflows [6] - The market outlook remains positive, with various sectors like banking, AI, innovative pharmaceuticals, and military industry showing a trend of rising stock prices, indicating a "hundred flowers blooming" scenario [6]

Global Asset Performance - European stock markets led the gains, with the UK FTSE 100, Germany's DAX, and France's CAC rising by 1.3%, 2%, and 1.7% respectively [1] - In the US, the S&P 500 remained flat, the Dow Jones fell by 0.4%, and the Nasdaq increased by 0.1% [1] - Major bond yields mostly rose, with Japan's 10-year bond yield increasing by 16 basis points due to concerns over fiscal spending ahead of the Senate elections [1] - Commodity prices for gold and oil saw a decline, while the US dollar index rose by 0.9% against most currencies [1] Major Central Bank Monetary Policies - The Federal Reserve's meeting minutes revealed a divergence in views among officials regarding interest rate outlooks, with some supporting a rate cut in July while others preferred to maintain current policies [4] - Market expectations for the Fed's rate cut path remained largely unchanged from the previous week [4] - President Trump exerted pressure on Fed Chairman Powell, claiming interest rates were too high and suggesting potential candidates for the next Fed chair [4] US Economic Dynamics - Initial jobless claims fell by 5,000 to 227,000, indicating low layoffs and a stable labor market [13] - One-year inflation expectations slightly decreased to 3%, while three-year and five-year expectations remained stable at 3% and 2.6% respectively [13] - President Trump delayed the implementation of reciprocal tariffs until August 1, while announcing a 50% tariff on copper to boost key domestic industries [13] - The market reacted strongly to the copper tariff announcement, with COMEX copper futures rising over 12% on the day [13] Economic Dynamics in Other Regions - Germany's industrial output rebounded by 1.2% in May, exceeding market expectations, driven by growth in the automotive and energy sectors [29] - Japan's wholesale price index rose by 2.9% year-on-year in June, down from a revised 3.3% in May, indicating a slowdown in inflationary pressures [30]

Group 1: Legislative Developments - The "Great American Beauty Act" has entered the Senate discussion phase, with a potential passing date before July 31, 2025[2] - The Senate passed a motion to proceed with the act by a vote of 51-49 on June 29, 2025[2] - If the Senate passes amendments, the act will return to the House for further consideration[2] Group 2: Economic Indicators - The 10-year U.S. Treasury yield decreased by 9.83 basis points to 4.277% during the week of June 23-27, 2025[3] - The S&P 500 and Nasdaq indices rose by 3.44% and 4.25%, respectively, reflecting positive market sentiment[3] - The U.S. GDP growth forecast for Q2 2025 has been revised upward to 2.9% according to the Atlanta Fed GDPNow model[3] Group 3: Inflation and Monetary Policy - Analysts expect the Federal Reserve to initiate its first rate cut in Q3 2025, with a total of two cuts anticipated for the year[3] - The consumer price index (CPI) growth rate is projected to be 2.5% for Q2 2025, with slight adjustments for subsequent quarters[3] - The probability of a recession in the next year has been slightly reduced to 35% from a previous estimate of 40%[3] Group 4: Fiscal Concerns - The Congressional Budget Office estimates that the Senate version of the "Great American Beauty Act" could increase the deficit by $3.5 trillion over the next decade[4] - The act's provisions may raise the public debt ratio from 124% to between 125% and 128% over the next ten years[4]

Group 1 - The core viewpoint is that inflation expectations in the U.S. have decreased for the first time in 2024, with one-year inflation expectations dropping from 3.6% to 3.2%, indicating a significant shift in consumer sentiment [1][3] - The decline in inflation expectations is widespread across different demographics, with consumers feeling less pressure from rising prices, although food prices remain a concern with a projected increase of 5.5% [3][4] - The optimism in consumer sentiment is attributed to a temporary easing of U.S.-China trade tensions, which has positively influenced public perception regarding future price increases [1][6] Group 2 - Employment market expectations have improved slightly, with a decrease in unemployment fears and an increase in the willingness to voluntarily leave jobs, indicating greater confidence among workers [6][8] - Personal financial outlooks have also become more positive, with an increase in the proportion of individuals able to meet minimum repayment obligations, suggesting a reduction in financial anxiety [6][8] - Recent official data supports the positive sentiment, with the PCE inflation index at 2.1%, the lowest since February 2021, leading to speculation that the Federal Reserve may choose to maintain current interest rates in the upcoming meeting [8]