6 July 2025 | 9:06PM HKT China: Three things in China Three quick highlights from China: n Manufacturing PMIs up, services PMIs down: Both the official (NBS) and Caixin manufacturing PMIs rose from May to June (NBS manufacturing PMI from 49.5 to 49.7 and Caixin manufacturing PMI from 48.3 to 50.4), beating market expectations. On the other hand, both the NBS and Caixin services PMIs fell from May to June (NBS services PMI from 50.2 to 50.1 and Caixin services PMI from 51.1 to 50.6). While the different surv ...

这一现象主要受到三方面因素驱动：首先，机构投资者对信用债资产的配置需求持续强劲，为一级市场 提供了充足的资金支持；其次，企业发行人普遍选择在二季度财报静默期到来前完成融资，以规避在此 期间发行新证券的监管限制；第三，随着7月9日美国关税政策最后期限临近，发债主体纷纷采取"未雨 绸缪"策略，通过提前锁定融资来应对可能出现的贸易政策变动风险。市场分析人士指出，当前欧元区 企业债发行窗口呈现"供需两旺"特征。一方面，在欧央行维持宽松货币政策的背景下，投资者对收益相 对较高的信用债品种保持旺盛需求；另一方面，发行人则充分利用有利的市场环境进行主动负债管理， 既满足了常规运营资金需求，也为潜在的贸易环境变化做好了流动性储备。值得注意的是，部分跨国企 业明显加快了欧元债券的发行节奏，反映出市场参与者对地缘政治风险的高度警觉。 从日线图观察，MACD指标来看，欧元兑美元MACD线与信号线(DEA)依旧处于0轴上方，显示趋势性 上涨动能未被破坏，MACD柱状图虽略有收敛迹象，仍在正区间，后续关注柱状图能否持续放大以支撑 价格上行。相对强弱指数(RSI)则运行在73.28，已进入超买区间，并出现回落迹象，显示短线多头力量 或有 ...

Lingering political risks have pushed French five-year bonds to the brink of becoming the highest-yielding in the euro region https://t.co/Sqe49wozho ...

Key Takeaways IBKR's June DARTs rose 39.7% YoY to 3.45M, boosting shares by 3.4% on increased client activity. The company's global expansion and tech upgrades continue to support strong revenue momentum. Non-interest expenses climbed at a 13.8% CAGR through 2024 and remained elevated in early 2025.Interactive Brokers Group, Inc. (IBKR) reported a rise in its client Daily Average Revenue Trades (DARTs) on a year-over-year basis for June 2025. In light of this, shares of the company rose 3.4% in yesterday’ ...

Flash | 29 Jun 2025 17:21:37 ET │ 10 pages Hangzhou Hikvision Digital Technology (002415.SZ) Kyna WongAC +852-2868-7820 kyna.wong@citi.com Canada Gov't's Ban on Local Operation; Limited Rev Impact Likely CITI'S TAKE As per UDN, 28-June, Canada's gov't requested Hikvision to cease its operation in Canada due to national security reasons while Canada's gov't also forbid gov't departments, institutions and SoEs to procure or use any product from Hikvision, and will also ensure the existing products from Hikvis ...

Prime Minister Paetongtarn Shinawatra’s suspension from office has eased near-term political risks for Thailand, but investors remain wary about the country’s prospects and market outlook https://t.co/3Kd2aHb8fq ...

考虑到地缘政治风险加剧，许多人在月中质疑债券供应量是否会接近预期。但投资者保持坚挺，继续购 买债券。美国高等级债券与其他市场一样上涨并获得了动力，创下年内第二佳月度回报，并将年初至今 的涨幅推高至4%以上。 6月份，银团利用较低的融资成本，共发行了1095亿美元的新债券，略高于1050亿美元的预期。6月下半 月表现亮眼，发行量强劲，回报稳健。 一项针对债券承销商的非正式调查显示，周二没有潜在借款人考虑发行新的美国投资级债券，美国一级 市场本周很可能已经结束。 ...

JPMorgan and Morgan Stanley are advising clients to buy Turkish bonds and the lira, after the postponement of a court ruling on a key opposition figure offered a reprieve from political risks https://t.co/9YNrDrfEXF ...

When you look at trade negotiations right now, could they actually change the outcome of the European economy. Well, I think that there's going to be a very relevant factor. And if you see, for instance, if you watch our our predictions, they are different alternatives, different different scenarios according to the different outcomes that we might have.I hope that, you know, the negotiations will be finalized. So at least this, you know, will deliver a little bit of predictability because now, you know, th ...

Investors in Turkey are nervously awaiting a verdict on the fate of the main opposition party as early as Monday, after the arrest of Istanbul’s mayor in March led to an exodus of foreigners from the market https://t.co/r4MsodYlrr ...