首先，外部环境边际改善，国内市场风险偏好继续回升。近期国际局势有所好转，外部环境开始边 际改善。美联储降息预期较之前有所上升，推动全球资本市场总体反弹。国内市场风险偏好同样明显回 升，沪指上周创出年内新高，深圳成分指数亦有所反弹。展望后期，国内经济数据和上市公司的中报将 成为影响行情的重要影响因素，投资者宜根据最新信息，相机抉择。 风险提示：国际贸易、地缘冲突超出预期；上市公司业绩增速回落超预期；全球经济衰退超预期。 其次，两市震荡，成交略降。周一，两市小幅低开后，逐级向上反弹，沪指收盘于全天高点附近， 并收回五天均线。深圳成指继续反弹，近期表现强于沪市。两市量能 1.4 万亿元左右，较上周五有所下 降。微观结构上，全天个股涨多跌少，涨停股票数量较多。当天市场热点主要集中在国防军工和 TMT 行业。投资风格方面，中小盘和科技风格涨幅领先。 从市场运行节奏看，沪指突破五、六月份的震荡小箱体，重心上移一个台阶。沪指上周突破了五、 六月份来回震荡的小箱体，实现了重心的上移，并创出年内新高。当然，去年四季度的成交密集区仍有 较强技术阻力，在没有实质性利好信息的配合下，预计难以一蹴而就得向上突破。 ...

6月30日沪指上涨0.59%，市场两融余额为18504.52亿元，较前一交易日增加110.19亿元。 证券时报·数据宝统计显示，截至6月30日，沪市两融余额9340.41亿元，较前一交易日增加40.57亿元； 深市两融余额9105.98亿元，较前一交易日增加69.23亿元；北交所两融余额58.14亿元，较前一交易日增 加0.40亿元；深沪北两融余额合计18504.52亿元，较前一交易日增加110.19亿元。 | 代码 | 简称 | 最新融资余额（万 | 较前一个交易日增减 | 当日涨跌幅（%） | 所属行业 | | --- | --- | --- | --- | --- | --- | | | | 元） | （%） | | | | 000868 | 安凯客 | 19653.37 | -35.34 | -4.84 | 汽车 | | | 车 | | | | | | 870199 | 倍益康 | 1510.75 | -32.46 | 3.54 | 家用电器 | | 834950 | 迅安科 | 430.12 | -31.11 | 0.26 | 机械设备 | | | 技 | | | | | | 688282 | 理工 ...

Summary of Key Points Core Viewpoint - As of June 30, the latest financing balance in the market reached 1,838.149 billion yuan, showing an increase of 10.689 billion yuan compared to the previous trading day, with 23 industries experiencing an increase in financing balance [1][2] Industry Financing Balance Changes - The computer industry saw the largest increase in financing balance, rising by 1.787 billion yuan to a total of 141.711 billion yuan [1] - Other industries with significant increases include: - Defense and military industry: increased by 1.573 billion yuan to 66.163 billion yuan - Non-ferrous metals: increased by 1.220 billion yuan to 78.162 billion yuan - Non-bank financials: increased by 1.030 billion yuan to 156.049 billion yuan [1] - Eight industries reported a decrease in financing balance, with notable reductions in: - Media: decreased by 0.136 billion yuan to 41.066 billion yuan - Automotive: decreased by 0.100 billion yuan to 96.078 billion yuan - Pharmaceutical and biological: decreased by 0.093 billion yuan to 131.105 billion yuan [2] Percentage Changes in Financing Balance - The defense and military industry had the highest percentage increase in financing balance at 2.43% [1] - Other industries with notable increases include: - Comprehensive: 1.85% - Non-ferrous metals: 1.59% - Communication: 1.49% [1] - Industries with the largest percentage decreases include: - Beauty and personal care: decreased by 0.57% - Media: decreased by 0.33% - Real estate: decreased by 0.25% [2]

美国国防部和国土安全部就伊朗网络威胁发出严厉警告。 ...

原标题：引导学子将个人理想融入国家需求 "毕业后找到一份理想的工作很重要，但学校帮助我们树立的发展观，才是更宝贵的财富！"6月25 日，清华大学核能与新能源技术研究院硕士生徐博文在接受科技日报记者采访时说。 近年来，清华大学以"服务国家战略需求"为导向，通过一系列创新举措，引导毕业生将个人发展融 入国家需求，构建起全方位、多层次的高质量就业生态体系。 学校主动作为，校领导多次带队"走出去"，前往中核集团、中航工业等10多家国防科技工业重点单 位，签署全面战略合作协议，深化人才合作；组织"清华学子应聘行"重点企业就业实践，每年近40支队 伍、600人次毕业生走进重点行业用人单位，现场投递简历并面试交流，参与实践毕业生整体就业转化 率近20%。 同时，学校还积极"引进来"，定期举办"走进制造业""走进能源业"等系列活动，邀请重点用人单位 入校举办专场招聘会，并在大型就业洽谈会中设置"大国重器""制造能源"专场。围绕招聘双选会，开展 行业面对面讲座、校友沙龙、企业开放日等系列就业引导活动，每年覆盖学生两万余人次。 清华大学工物系博士生苏子麟对此深有感触："学校连续多年设立'大国重器'就业洽谈会专场，举 办'国防科技 ...

证券研究报告 2025 年 07 月 01 日 | 市场数据 | | | | --- | --- | --- | | 指数名称 | 收盘 | 涨跌% | | 上证指数 | 3444.43 | 0.59 | | 深证成指 | 10465.12 | 0.83 | | 创业板指 | 2153.01 | 1.35 | | 科创 50 | 1003.41 | 1.54 | | 北证 50 | 1447.18 | 0.52 | | 沪深 300 | 3936.08 | 0.37 | A 股市场概览 | 类别 | 总市值 | 流通市 | 市盈率 | 市净率 | | --- | --- | --- | --- | --- | | | (亿元) | 值(亿元) | PE | PB | | 上证指数 | 668373 | 518986 | 12.31 | 1.28 | | 深证成指 | 229186 | 187895 | 20.34 | 2.15 | | 创业板指 | 60402 | 47793 | 28.11 | 3.92 | | 科创 50 | 35038 | 23365 | 54.71 | 4.21 | | 北证 50 | ...

Market Overview - The A-share market ended the first half of the year positively, with the Shanghai Composite Index rising by 0.59% to close at 3444.43 points, and the Shenzhen Component Index increasing by 0.83% [1] - Overall, the market exhibited a trend of oscillating upward, with major indices showing slight gains [1] - The Shanghai Composite Index rose by 2.76% in the first half, while the Shenzhen Component Index increased by 0.48%, the ChiNext Index by 0.53%, and the STAR 50 Index by 1.46%. The North Star 50 Index stood out with a significant increase of 39.45% [1] Sector Performance - In the first half, 26 out of 31 Shenwan first-level industries saw an increase, with the top five sectors being Beauty Care (24.5%), Nonferrous Metals (23.1%), National Defense and Military Industry (20%), Media (19.1%), and Machinery Equipment (17.8%) [1] - The market displayed a "dividend + small-cap growth" style, with banks and gold stocks leading the gains, while technology growth sectors such as AI, semiconductors, solid-state batteries, and innovative drugs showed strong rotation [1] Individual Stock Performance - Over 3800 stocks rose in the first half, accounting for approximately 70% of the total, with 626 stocks increasing by over 50% and 175 stocks rising by more than 100% [1] - The top five individual stocks in terms of growth were Xingtum Measurement and Control, Guangxin Technology, United Chemical, Tiangong Co., and Shutaishen, all of which saw increases exceeding four times their initial values [2] Future Outlook - Analysts expect the market to continue the small-cap style led by private equity funds in the short term, with a potential shift towards large-cap growth style as external liquidity improves and economic fundamentals recover, possibly around the fourth quarter [2] - Key areas for accelerated growth include AI hardware and applications, humanoid robots, solid-state batteries, domestic semiconductor innovation, controllable nuclear fusion, military trade overseas, and new consumption [2]

【波音撤换CFO】波音公司宣布更换首席财务官（CFO），将由前洛克希德-马丁财务主管Jesus "Jay" Malave取代即将于8月15日离职的现任CFO Brian West，West将继续担任CEO Kelly Ortberg的顾问。 ...

Market Overview - A-shares experienced a rebound today, with the Shanghai Composite Index closing at 3444.43 points, up 0.59%, and a trading volume of 567.1 billion yuan. The Shenzhen Component Index closed at 10465.12 points, up 0.83%, with a trading volume of 919.7 billion yuan [1] - The official manufacturing PMI for June rose to 49.7, indicating a recovery in new orders, although it has remained below the expansion threshold for three consecutive months, highlighting ongoing structural risks in the economy [1] Monetary Policy - The central bank's second-quarter monetary policy committee meeting emphasized the need for new monetary policies to stimulate domestic demand due to ongoing economic pressures. The language shifted from potential rate cuts to a more flexible approach in policy implementation [2] - Following the meeting, bond yields across various maturities increased, indicating market reactions to the changed monetary policy stance [2] Bond Market - The bond market is currently experiencing high demand, with a potential for short-term fluctuations due to profit-taking pressures. However, the overall trend remains bullish due to a combination of weak domestic and external demand and a loose monetary environment [3] - The current low policy interest rates and high market funding rates favor a continuation of the bullish bond market trend, with expectations of further declines in short-term rates potentially leading to breakthroughs in long-term rates [3][4] Defense Industry - The military industry ETF saw a significant increase of 4.37%, driven by heightened global security concerns and the necessity for national defense. The international conflicts have bolstered demand for China's military exports, particularly following the recent performance of domestic military equipment [5] - The upcoming 80th anniversary of the victory in the Anti-Japanese War is expected to serve as a catalyst for the military sector, potentially enhancing both supply and demand dynamics [6] Commodity Market - The non-ferrous metals sector, particularly copper, is experiencing upward pressure due to tight supply conditions and rising prices. The overall low inventory levels and expectations of a loosening monetary policy are likely to support copper prices in the medium to long term [7] - The current phase of the non-ferrous metals industry is characterized by a mismatch in supply and demand, alongside expectations of profitability recovery and liquidity easing [7]

证券研究报告｜基金配置周报 2025 年 06 月 30 日 抗战胜利 80 周年纪念活动将举行，军工板块或可布局 【20250623-20250629】 | ◼ | 市场回顾：上周权益市场主要指数集体反弹，北证 50 涨幅最 | | | --- | --- | --- | | | 大，上涨 6.84%；债券市场长短端利率走势不一，一年期国债 | 大同证券研究中心 | | | 下行 1BP，期限利差进一步走阔，长短端 AAA 信用利差均有所 | 分析师：杨素婷 | | | 走阔；基金市场中偏股基金指数和二级债基指数均周度收涨， | 执业证书编号： | | | 中长期纯债周度收跌，短期纯债基金指数周度飘红；申万 31 个 | S0770524020002 | | | 行业涨多跌少，TMT 板块集体反弹。 | 邮箱：yangst@dtsbc.com.cn | | ◼ | 权益类产品配置策略： | | | ➢ | 事件驱动策略：（1）抗战胜利 80 周年纪念活动将在 9 月 3 | | | | | 地址：山西太原长治路 111 号山 | | | 日举行，可关注：华安制造先锋 A(006154)、博时军工主题 | 西 ...