美股周三涨跌互现，科技股的抛售将纳斯达克指数推至两周低点，在美联储本周备受期待的杰克逊霍尔 研讨会之前，市场普遍持谨慎态度。 截至收盘，道指涨16.04点，涨幅0.04%，报44938.31点，纳指跌0.67%，报21172.86点，标普500指数跌 0.24%，报6395.78点，日线四连阴。 受政府入股消息影响芯片股表现低迷，英伟达跌0.1%，AMD跌0.8%，英特尔跌7%，美光挫4%。 明星科技股表现不佳，Meta跌0.5%，微软跌0.8%，谷歌跌1.1%，亚马逊跌1.8%，苹果跌2.0%。 个股方面，零售巨头塔吉特跌6.3%，此前该公司任命了新的首席执行官，并保留了5月份下调的年度预 测。 化妆品巨头雅诗兰黛跌3.7%，公司称与关税相关的不利因素影响了其年度利润预测。 纳斯达克中国金龙指数涨0.3%，网易涨1.7%，京东跌0.2%，阿里巴巴跌0.4%，拼多多跌0.9%，百度跌 2.6%。 美联储发布7月会议纪要，显示政策制定者之间存在分歧。大多数联邦公开市场委员会FOMC成员认 为，潜在的通胀压力超过了劳动力市场的风险，并表示需要时间才能更清楚地了解关税对价格的确切影 响。 编辑 | 七三 美股涨跌互 ...

Group 1 - The American Soybean Association is urging the U.S. government to reach an agreement with China to alleviate financial pressure on soybean farmers, as prices continue to decline while production costs rise significantly [2] - The Federal Reserve decided to maintain the federal funds rate target range at 4.25%-4.5%, citing economic uncertainty and a slowdown in economic activity during the first half of the year [3] - The People's Bank of China announced that the Loan Prime Rate (LPR) remains unchanged for three consecutive months, with the one-year LPR at 3.0% and the five-year LPR at 3.5% [4] Group 2 - The Ministry of Finance in China has instructed local governments to prioritize projects with certain returns based on economic and financial conditions [5] - The Chinese government has announced that childcare subsidies will be exempt from personal income tax starting January 1, 2025 [6] - The State Administration for Market Regulation is seeking public opinion on new antitrust guidelines for the public utility sector [7] Group 3 - The Ministry of Transport stated that rural road development in China has entered a new phase, focusing on both new construction and the improvement of existing roads [8] - The China Securities Regulatory Commission reported that there are currently 131 listed commodity futures and options in China, covering a wide range of economic sectors [10] - The National Financial Regulatory Administration is seeking opinions on a draft management method for commercial bank merger loans [11] Group 4 - Several small and medium-sized banks in China have announced reductions in deposit rates by 10 to 20 basis points to manage net interest margin pressures [12] - The China Academy of Information and Communications Technology reported that smartphone shipments in June 2025 reached 22.598 million units, a year-on-year decline of 9.3% [13] - Guangzhou has issued implementation measures for converting commercial housing loans to public housing fund loans [14] Group 5 - The Hong Kong Stock Exchange is considering a 24-hour trading mechanism, following the example of Nasdaq [18] - The U.S. President has called for the resignation of a Federal Reserve governor amid ongoing scrutiny of her financial dealings [19] - The U.K. inflation rate rose to 3.8% in July, the highest level in 19 months, exceeding the Bank of England's target [22] Group 6 - Germany's trade surplus with the U.S. decreased by 12.8% in the first half of the year due to U.S. tariff policies [23] - The European Central Bank's President indicated that U.S. tariff policies are expected to slow economic growth in the Eurozone [25] - India has temporarily suspended an 11% import duty on cotton, benefiting U.S. cotton farmers and the Indian textile industry [29]

Group 1 - The core viewpoint of the report indicates that investor sentiment towards A-shares has improved since July 2024, while expectations for the real estate sector have also shown signs of recovery since September 2023, although overall sentiment remains relatively negative [1] - The report highlights that investor sentiment towards A-shares reached its lowest point since 2018 in July 2024, but a series of unexpected financial policies introduced in September 2023 triggered a rally, leading to a significant increase in positive sentiment by November 2024 [1] - The latest survey indicates a slight decline in positive sentiment, with approximately 61.5% of respondents believing A-shares will rise, down 6.7 percentage points from November 2024, although the net increase in those willing to invest in stocks rose by 1.4 percentage points [1] Group 2 - The survey coincided with an increase in trade tensions between the US and China, with investors perceiving short-term pressures but maintaining a positive long-term outlook [2] - Approximately 54.4% of respondents believe China is a world leader in artificial intelligence, an increase of 14.7 percentage points since November 2024, while around 55% believe China leads in the new energy sector, up 19.2 percentage points since April 2021 [2]