尽管7月9日的关税最后期限已过，但市场参与者仍面临诸多不确定性。美国总统特朗普开始陆续发信告知关税税率，大多数国家仍与美国进行着紧张的谈 判，而8月1日的关税实施日期也日益临近。 由于缺乏有重大影响力的美国数据，本周市场的焦点主要集中关税和贸易协议上。特朗普也继续敦促各国在关税讨论中"继续努力"。 周四，特朗普宣布从下月起对加拿大进口商品征收35%的关税，这比3月份设定的25%有所提高。他还警告说，如果加拿大反击，关税可能还会更高，此 外，特朗普还建议将对其他国家的关税提高到15%或20%，高于目前的10%。 与4月份"解放日"后出现的急剧下跌相比，市场对新的关税声明反应更为平静。当时，美股主要股指创下了近六年来最差的单周跌幅。 尽管盘中再创新高，但标普500指数和纳斯达克指数本周小幅收跌，而道琼斯指数则打破其自1月份以来最长的三周连涨势头。英伟达则创造历史，成为首家 市值达到4万亿美元的公司，其股价创下历史新高。 黄金的反应可能是一个信号，表明市场参与者仍然对不确定性感到担忧。金价在后半周强劲复苏，并在周五一度重回3360美元关口上方。 加密货币是本周的另一个赢家，一些分析机构指出，随着机构投资者的不断涌入 ...

来源：中国金融信息网 新华财经上海7月13日电（葛佳明） 本周（7月7日至12日），美国关税政策不确定性再起，美股三大指数承压下挫，市场对美国通 胀的担忧推动美元指数震荡上行，非美货币多数下挫，黄金反弹，白银大涨，刷新2011年以来高位。 外汇市场方面，关税政策的不确定性推升美元走势，美元指数本周涨0.91%报97.873；非美货币方面，澳元兑美元本周持续走高，澳 洲联储维持利率不变，超市场预期；英镑和欧元兑美元震荡下跌，英镑录得六连跌；日元周初大幅下跌后维持区间盘整，本周累计 下跌2%。 大宗商品方面，现货黄金周初区间震荡，一度下破3300关口，但随着关税政策再度刺激市场避险情绪升温，周三黄金持续反弹，本 周累计涨幅达0.62%，收于每盎司3355.7美元，连续第二周上涨；纽约COMEX黄金主力期货合约本周上涨0.82%，收报每盎司3370.5 美元。 现货白银、铂金本周大幅上涨，其中，现货白银本周大涨3.98%，收报每盎司38.406美元；COMEX白银主力合约期货本周累计上涨 5.37%，收报每盎司39.08美元。现货铂金本周突破每盎司1400美元关口，NYMEX铂金期货价格本周累计上涨6.55%，收报 ...

Core Viewpoint - Yuanlong Yatu, the first A-share listed company in the gift industry, disclosed significant internal control issues, revealing that a sales employee is suspected of embezzlement through falsifying company documents and contracts [2][3]. Financial Impact - The fraudulent activities are believed to have affected the sales revenue for the first quarter of 2025 by approximately 29.35 million yuan, which could lead to a reduction in net profit attributable to shareholders by the same amount [3]. - For the first half of 2025, the company anticipates a net loss of between 5 million and 10 million yuan, compared to a profit of 25.79 million yuan in the same period last year, representing a decline of 119.39% to 138.78% [4]. - The net profit excluding non-recurring items is expected to be a loss of 8 million to 13 million yuan, down from a profit of 23.35 million yuan year-on-year, indicating a decrease of 134.27% to 155.69% [4]. Internal Control Assessment - Despite the ongoing investigation, the company previously reported no significant deficiencies in its internal controls for 2023 and 2024, asserting that it maintained effective financial reporting controls [5]. - The internal control evaluation reports from both the company and its sponsor indicated that there were no major deficiencies identified, and the governance structure was deemed sound [5]. Company Overview - Yuanlong Yatu, established in 1998 and listed on the Shenzhen Stock Exchange in June 2017, is recognized as a leading integrated marketing service provider in China, offering a range of services including gift products, digital marketing, and cultural creative products [6]. - As of July 11, the company's market capitalization stood at 5.423 billion yuan [6].

元隆雅图称，为了维护上市公司利益，公司近日主动向北京市公安局西城分局经侦支队报 案，并收到了北京市公安局西城分局出具的《立案告知书》，主要内容为：北京市公安局西 城分局认为该销售人员涉嫌职务侵占一案符合立案条件，现依法对该案立案侦查，并已对该 案犯罪嫌疑人依法采取刑事强制措施。 【导读】元隆雅图自曝销售人员涉嫌职务侵占被立案，多期财报或失真 中国基金报记者 南深 礼赠品行业第一家 A 股上市公司元隆雅图， 7 月 11 日晚曝出重大内部控制问题。 中国基金报问讯 - 更快 更准 更有料 公告称，经自查发现，公司一名在职销售人员存在职务侵占嫌疑，即通过伪造公司客户公 章、销售合同等资料，虚构销售业务，非法占有公司财产。 2025-07-11 19:34:15 星期五 【元隆雅图:销售人员涉嫌职务 侵占被立案】 中国基金报7月11日电, 元隆雅图（002878.S Z）公告，公司发现一名在职销售人员涉嫌伪造 客户公章及销售合同,虚构业务侵占公司财 产,已向公安机关报案并获立案。涉案人员已 被采取刑事强制措施,案件涉及2023年、2024 年及2025年一季度销售收入，具体金额待公安 机关调查确认。 长按右侧二维码 ...

Group 1 - The article discusses the resilience of the market in the face of various crises, including inflation fears, tariffs, and geopolitical tensions, suggesting that these factors have not significantly impacted the long-term bullish trajectory driven by AI [1][2][6] - Investors are increasingly confident in the upcoming earnings season, particularly for major tech companies and AI-related firms, which are expected to show strong performance and continue to drive the market to new highs [2][12] - The "TACO" trading strategy has gained popularity among Wall Street traders, betting that the Trump administration will back down from aggressive tariff threats, leading to market rebounds after initial declines [7][8] Group 2 - Despite rising indicators of market pressure, traders are showing increased risk tolerance, with low volatility across asset classes indicating a potential for continued upward movement in risk assets [3][6] - Major tech companies, particularly those involved in AI, are projected to lead earnings growth, with Nvidia and Microsoft expected to drive significant increases in profitability, contributing to the overall bullish sentiment in the market [12][13] - The demand for AI infrastructure remains strong, with major clients committing to increased spending on AI capabilities, which is seen as a key driver for stock market performance [13]

在房地产行业不景气的背景下，中润资源果断地和房地产"割袍断义"，2023年，逐渐置出淄博置业、济 南兴瑞等房地产资产，置入持有马拉维锆钛矿新金国际51%股权，业务重心转向矿业。 如今，中润资源投资股份有限公司（下称"中润资源"，000506.SZ）浑身上下已经"叠满buff"，在剥离地 产、瞄准黄金、易主国资、摘帽后谋划更名等一系列操作后，股价已经从去年的不足0.89元/股，飙升 至今年7月10日的10.81元/股。截至2025年7月10日收盘，中润资源的股价近一月上涨22.56%，近一年的 时间股价上涨970.3%，在众黄金股中一骑绝尘。 接下来中润资源成功"改嫁"国资。2024年10月份，山东招金瑞宁矿业有限公司（招金集团子公司）获取 中润资源20%股权成为其控股股东，中润资源的实际控制人变更为招远市国资。由此，中润资源通过招 金方面和矿业巨头紫金矿业搭上线，中润资源公告称，招金和紫金方面会从资金、人员、技术、信息渠 道等方面为公司提供支持。 虽然几近"脱胎换骨"，中润资源经营亏损的局面仍然有待扭转。中润资源的核心资产为斐济瓦图科拉金 矿，保有黄金资源量超过100吨。而瓦图科拉金矿目前的采矿能力为750吨 ...

Company Performance - C3.ai's stock experienced a significant decline of 29% through the first half of the year, with a notable drop in February due to weakening business and consumer sentiment [2][5] - The company reported a revenue increase of 26% to $98.8 million, but continued to incur losses, with an adjusted loss per share of $0.12 and a GAAP net loss of $80.2 million, which increased from $72.6 million year-over-year [6][7] - Despite revenue growth, C3.ai's gross margins remained low at 62% in Q4, indicating challenges in scaling the business effectively [8] Financial Metrics - C3.ai's share-based compensation amounted to $174.4 million through the first three quarters of the year, representing nearly 75% of its revenue for that period [7] - In Q4, the company reported revenue of $108.7 million, with an adjusted loss of $0.16 per share and a GAAP net loss of $79.7 million, slightly up from $72.9 million [7] Future Outlook - While C3.ai has made progress in partnerships and customer acquisition, the current growth rate is insufficient to offset ongoing losses, and the company needs to build scale to achieve profitability [10] - The long-term potential of the stock is linked to its exposure to AI and growth prospects, but current downside risks and share dilution are significant concerns [10]

Core Viewpoint - Vista Energy reported its Q2 2025 earnings, highlighting key financial results and strategic initiatives aimed at growth and operational efficiency [1][2]. Group 1: Company Overview - Vista Energy is led by a team including Co-Founder and Strategic Planning & Investor Relations Officer Alejandro Chernacov, Chairman & CEO Miguel Galuccio, CFO Pablo Vera Pinto, CTO Juan Garoby, and COO Matias Weissel [3]. Group 2: Earnings Call Details - The earnings call for Q2 2025 was conducted on July 11, 2025, at 9:00 AM ET, with participation from various research divisions including Jefferies LLC, Citigroup Inc., and Goldman Sachs Group, among others [1][2]. - The call was recorded, indicating a focus on transparency and accessibility for stakeholders [2].

Group 1: Market Reactions to Tariffs - The S&P 500 and Nasdaq are experiencing declines as new tariff threats from President Trump against Canada have unsettled market indexes, with the Dow down 300 points, S&P 500 down 40 points, and Nasdaq down 120 points [1][2] - A proposed +35% tariff on all Canadian imports could lead to increased inflation for key goods such as oil & gas, automotive parts, and heavy machinery, impacting domestic suppliers [3][4] - Current market sentiment suggests that the anticipated trade deadline may pass without significant incident, but the long-term effects of tariff policies remain uncertain [3][4] Group 2: Bitcoin Market Performance - Bitcoin has reached a record high of $117,880, driven by expectations of favorable regulatory policies as "Crypto Week" approaches in Congress [5] - Over the past year, Bitcoin has surged by +103%, indicating strong market confidence and a lack of immediate headwinds [6] - The favorable political climate following the General Election last November has contributed to Bitcoin's price increase from $37.5K to $45.7K within a month [5] Group 3: Upcoming Economic Reports - A significant increase in economic and earnings reports is expected next week, coinciding with the start of Q2 earnings season and key inflation metrics [7] - Important reports to be released include the Consumer Price Index (CPI), Producer Price Index (PPI), Retail Sales, Imports & Exports, and Industrial Production [8] - Major companies such as JPMorgan, Citigroup, Wells Fargo, Netflix, Johnson & Johnson, and General Electric are set to report earnings, which will be closely monitored by the market [9]

Group 1: United Airlines (UAL) - United Airlines shares increased by 14.3% to close at $91.67, driven by higher trading volume compared to typical sessions [1] - The stock's performance contrasts with a 2% gain over the past four weeks [1] - The consensus EPS estimate for United has been revised 5.4% lower in the last 30 days, indicating a negative trend in earnings estimate revisions [4] Group 2: Airline Industry - Optimism in the airline industry was fueled by Delta Air Lines' better-than-expected Q2 2025 earnings results, which included earnings and revenue beats and the restoration of full-year guidance [2] - Delta Air Lines is expected to report quarterly earnings of $3.75 per share, reflecting a year-over-year decline of 9.4%, with revenues projected at $15.31 billion, a 2.2% increase from the previous year [2] - Corporacion America Airports, another airline stock, has seen a consensus EPS estimate change of -1.9% to $0.47, but this represents a significant year-over-year increase of 51.6% [6]