旅游业数据显示，美国"独立日"假期出行人数将创历史新高，但许多临时规划行程的旅客表示，他们的 计划取决于能否抢到特价机票。今年国际航线反而成为性价比更高的选择。 由于欧洲赴美旅客减少(部分源于边境管控收紧和特朗普政策影响)，航空公司下调票价，目前国际航线 均价较去年同期显著下降。旅游预订应用Hopper数据显示，假期期间美国国内机票价格同比下跌3%， 而欧洲和亚洲航线票价降幅达13%。 约十家旅行社透露，持续折扣正推动部分客户涌向欧洲，留守美国的游客则优先选择可自驾抵达的目的 地。 旅行社老板劳雷尔.布鲁诺维尔指出，由于票价未像前两年那样暴涨，临时预订欧洲行程的客户明显增 多。"去年有客人不惜花近3000美元买经济舱也要去葡萄牙，今年经济舱价格回落至875-1500美元的正 常区间。"她举例道。 美国汽车协会预测，八天假期期间将有7220万人出行超过50英里(80公里)，较去年增加130万公路旅客 和8万航空旅客，创下新纪录。 同业的梅丽莎.纽曼补充说，许多游客通过调整策略应对成本压力，"改驾车前往邮轮港口替代飞行"成 为应对邮轮需求激增的省钱妙招。 消费策略分化 旅游企业表示，尽管存在通胀和经济担忧，民众出 ...

Market Overview - Major industry ETFs mostly declined, with the Consumer Discretionary ETF down approximately 1%, the Biotechnology Index ETF down 0.55%, and the Energy ETF down 0.5% [1] Industry Performance - Consumer Discretionary ETF (US XLY) current price: $215.37, down $1.96 (-0.90%), with a trading volume of 86,452 shares and a total market value of $27.051 billion, down 3.53% year-to-date [2] - Biotechnology Index ETF (US IBB) current price: $125.81, down $0.70 (-0.55%), with a trading volume of 54,019 shares and a total market value of $9.989 billion, down 4.76% year-to-date [2] - Energy ETF (US XLE) current price: $84.39, down $0.42 (-0.50%), with a trading volume of 1.0193 million shares and a total market value of $21.133 billion, up 0.09% year-to-date [2] - Semiconductor ETF (US SMH) current price: $277.65, down $1.23 (-0.44%), with a trading volume of 248,700 shares and a total market value of $3.282 billion, up 14.65% year-to-date [2] - Internet Index ETF (US FDN) current price: $268.48, down $0.85 (-0.31%), with a trading volume of 2,192 shares and a total market value of $17.827 billion, up 10.41% year-to-date [2] - Global Technology ETF (US IXN) current price: $92.09, down $0.25 (-0.27%), with a trading volume of 3,645 shares and a total market value of $1.289 billion, up 8.87% year-to-date [2] - Banking ETF (US KBE) current price: $55.67, down $0.09 (-0.16%), with a trading volume of 32,613 shares and a total market value of $4.309 billion, up 1.77% year-to-date [2] - Technology Sector ETF (US XLK) current price: $252.89, down $0.34 (-0.13%), with a trading volume of 158,800 shares and a total market value of $804.33 billion, up 9.13% year-to-date [2] - Healthcare ETF (US XLV) current price: $134.61, down $0.18 (-0.13%), with a trading volume of 326,900 shares and a total market value of $25.760 billion, down 1.30% year-to-date [2] - Financials ETF (US XLF) current price: $52.31, down $0.06 (-0.11%), with a trading volume of 890,000 shares and a total market value of $58.223 billion, up 9.00% year-to-date [2] - Global Airlines ETF (US JETS) current price: $22.95, down $0.02 (-0.09%), with a trading volume of 42,334 shares and a total market value of $72.293 million, down 9.47% year-to-date [2] - Utilities ETF (US XLU) current price: $81.60, down $0.06 (-0.07%), with a trading volume of 595,900 shares and a total market value of $11.846 billion, up 9.33% year-to-date [2] - Regional Banks ETF (US KRE) current price: $59.42, up $0.03 (+0.05%), with a trading volume of 263,600 shares and a total market value of $4.959 billion, down 0.20% year-to-date [2] - Consumer Staples ETF (US XLP) current price: $81.33, up $0.36 (+0.44%), with a trading volume of 459,700 shares and a total market value of $137.63 million [2]

据央视新闻消息，当地时间6月30日20时50分左右，由上海飞往成田的日航8696航班波音738客机在关西机场紧急降落。据日本国土交通省大阪航空局确认，机上 191名乘客及机组人员均未受伤或出现身体不适。 据潇湘晨报报道，该航班于当日17时49分从上海浦东正常起飞，原定于当地时间21时47分到达东京成田机场，但其雷达数据显示，在18时53分许，该航班原本位于 超1.1万米的高空，在十分钟内突然急速下降至3200余米的高度。随后在近19时50分落地。 春秋航空客服告诉记者，春秋航空日本航空属于单独的航司。 根据日本国土交通省等部门通报，飞机触发显示"增压系统故障"的警报。机舱内疑似发生减压状况，飞行员向空管宣布紧急状态，随后变更目的地降落关西机场。 目前日航正在调查具体事故原因。 此前报道 6月30日晚9时多，有多名网友发帖称自己乘坐从上海浦东飞往东京成田的春秋航空日本航空IJ004时，"从一万米快速下落到三千米，失重感+耳压爆炸"。 网友发布视频显示，座位上的氧气面罩都掉了下来。 责编：罗晓霞 校对：赵燕 百万用户都在看 美联储，突传重磅！ 太疯狂！暴跌80%！ 集体大涨！特朗普，新计划曝光！ "双杀"！台湾， ...

Group 1 - The core viewpoint of the capital market in the first half of the year is that China remains the most attractive investment destination despite the recovery of Hong Kong and A-shares [1] - The S&P 500 and Nasdaq reached new highs, but the Hang Seng Index and Hang Seng Tech Index showed stronger performance year-on-year [1] Group 2 - The outlook for the second half of the capital market suggests that the US dollar will continue to dominate, especially with the introduction of stablecoins [2] - The "Genius Act" allows the US Treasury to issue stablecoins backed by government bonds, which could significantly impact the financial landscape [2] - Major companies across various sectors, including traditional finance and technology, are exploring the issuance of stablecoins to enhance profitability [2] Group 3 - In Hong Kong, the approval of a virtual asset trading license for Guotai Junan International led to a significant stock price increase of 198% and a trading volume that surpassed major companies like Tencent and Alibaba [3] - The market is experiencing volatility, with unexpected surges in stock prices, such as China Travel HK, which saw a near 100% increase amid privatization rumors [3][4] - The recent market behavior suggests a trend towards speculative trading, raising concerns about the sustainability of such movements [3][4] Group 4 - The author has recently shorted Gu Ming, indicating a strategy based on technical analysis rather than fundamentals, highlighting the importance of market sentiment in trading decisions [6] - The current market environment in Hong Kong is characterized by a wealth effect, suggesting a positive outlook for investors despite the risks associated with speculative trading [6]

Core Viewpoint - The development of Advanced Air Mobility (AAM) is set to revolutionize the aviation industry by creating new applications in passenger transport, cargo delivery, and infrastructure inspection, with a projected market size of nearly $80 billion by 2034 due to increasing demand for efficient, green, and rapid transportation solutions [2][3]. Group 1: AAM Market Growth and Applications - AAM is expected to grow significantly, driven by the need for efficient and sustainable transportation solutions in urban and rural areas [2]. - The AAM technology framework includes various types of aircraft, such as small drones and large electric planes, which are innovating the aviation industry through autonomous operation and propulsion system advancements [2][3]. - The current stage of AAM is characterized by a rapid growth phase, particularly in the drone application sector, with hundreds of pilot projects being implemented globally [2][3]. Group 2: Responsible AAM Implementation - The World Economic Forum and Kearney have released a white paper outlining three core elements for the responsible implementation of AAM [4][5]. - The first element focuses on establishing a responsible strategic direction for AAM, emphasizing the importance of safety, sustainability, and economic growth [6][7]. - The second element involves clarifying the primary tasks of stakeholders in the AAM value chain and promoting collaborative efforts among regulators, investors, manufacturers, and operators [18][19]. - The third element reviews key experiences from early drone deployments, which can inform larger AAM applications and highlight the complexities of real-world implementation [28][29]. Group 3: Stakeholder Responsibilities - Each stakeholder in the AAM value chain has specific responsibilities that are interconnected, requiring strategic collaboration to overcome challenges [21][22]. - Regulators are tasked with creating legal frameworks and safety standards, while investors focus on funding early pilots and infrastructure [22][23]. - Infrastructure providers must develop the necessary physical and digital infrastructure, and suppliers are responsible for creating adaptable components [25][27]. - Original Equipment Manufacturers (OEMs) need to ensure compliance with safety standards and adapt their designs to market needs [25][27]. Group 4: Lessons from Drone Deployments - Real-world drone deployment experiences provide valuable insights for the broader AAM industry, particularly in operational feasibility, economic viability, and social acceptance [30][31]. - Successful drone applications, such as the WFP's DEEP program for disaster response, demonstrate the potential of drones in humanitarian efforts and the importance of collaboration among various stakeholders [33][34]. - The Costa Rica Flying Labs initiative showcases how local capacity building and low-cost technology can enhance environmental monitoring efforts [37][38]. - The MFTS program in India illustrates the effectiveness of drones in improving medical logistics in remote areas, emphasizing the need for stakeholder cooperation and regulatory support [42][43]. Group 5: Future Outlook for AAM - The future of AAM will depend on its ability to create social value and integrate seamlessly into existing transportation networks [49][50]. - As AAM technologies evolve, new applications will emerge, enhancing the efficiency of goods and people movement while addressing public safety and environmental monitoring needs [49][50]. - A structured, phased approach is necessary to balance innovation with safety and social acceptance, ensuring that the principles guiding AAM development are effectively implemented [48][50].

Group 1 - The meeting between Trump and von der Leyen during the G7 summit did not lead to the expected easing of US-EU relations, with Trump criticizing the EU and demanding a "choose one" approach [1] - The EU has announced a countermeasure list against the US worth €116 billion, reflecting ongoing trade tensions [1][12] - The EU's previous countermeasure list from May 8 included €95 billion worth of goods, aiming to use it as leverage in negotiations with the US [4] Group 2 - Trump's announcement of a 20% "reciprocal tariff" on EU goods in April, followed by a temporary delay, indicates a strategy of extreme pressure in trade negotiations [6] - EU officials privately believe that even if negotiations conclude, the US is unlikely to fully remove additional tariffs on EU goods, likely retaining a 10% baseline tariff [9] - The EU is preparing retaliatory measures if the US maintains the 10% baseline tariff, indicating a potential for ongoing trade conflict [11] Group 3 - The trade dispute has escalated to a point where the aviation industry is becoming a significant battleground, with concerns over unfair competition between Airbus and Boeing [8] - Trump's trade policy reflects a unilateral approach, viewing the EU as a structural trade adversary, which complicates negotiations [16][20] - The EU's internal divisions are evident, with France opposing acceptance of the 10% tariff, highlighting the challenges in reaching a unified stance [12] Group 4 - The ongoing trade tensions between the US and EU are seen as a precursor to a broader restructuring of global trade order, with potential negative impacts on both economies [31] - The Davos Forum in China presents a contrasting narrative of open cooperation amidst rising protectionism, emphasizing the need for a rules-based global economy [33][29] - The outcome of the US-EU trade conflict could lead to a scenario where both parties suffer significant economic consequences, underscoring the importance of finding a cooperative solution [31][33]

Market Performance - The A-share market experienced a pullback from June 16 to June 20, 2025, with the CSI 300 index down by 0.45%, the ESG 300 index down by 0.69%, the CSI ESG 100 index down by 0.35%, and the Sci-Tech Innovation ESG index down by 0.81%[2] - The average daily trading volume for the entire A-share market was approximately 1.22 trillion yuan, indicating a decrease in liquidity compared to the previous period[5] ESG Fund Issuance - A total of 14 ESG fund products were issued in June 2025, with a total issuance of 3.319 billion units, primarily focusing on ESG strategies and social responsibility[7] - Over the past year, 240 ESG public fund products were issued, with a total issuance of 179.629 billion units[7] - As of June 22, 2025, there are 893 existing ESG fund products, with the largest share being ESG strategy funds at 52.70% of the total net asset value of 1,044.95 billion yuan[9] Fund Performance - The top-performing fund for the week of June 16 to June 22, 2025, was Bosera Return Select A, with a weekly return of 3.18% and a year-to-date return of 14.44%[10] - Other notable funds included Huabao Core Advantage A and Huitianfu Autonomous Core Technology One-Year Holding A, which also showed strong returns[10] Green Bond Issuance - In the week of June 16 to June 25, 2025, a total of 35 green bonds were issued in the interbank and exchange markets, with a planned issuance scale of approximately 53.452 billion yuan[14] - For the month, 96 ESG bonds were issued, totaling 107.7 billion yuan, with a cumulative issuance of 1,150 billion yuan over the past year[14] - The total outstanding ESG bonds reached 3,573, with a stock scale of 5.49 trillion yuan, where green bonds accounted for 61.39%[14] Bank Wealth Management Products - In June 2025, 61 ESG bank wealth management products were issued, with a total of 931 existing products in the market[19] - Among these, pure ESG theme products accounted for the largest share at 57.79%[19] Risk Factors - Potential risks include insufficient policy support for ESG initiatives, lack of standardized data reporting, and lower-than-expected product issuance scales[21]

Core Viewpoint - The Guangzhou Municipal Government and China Post Group have signed a strategic cooperation framework agreement to enhance the logistics capabilities in the Guangdong-Hong Kong-Macao Greater Bay Area, aiming to build a globally competitive international logistics center [2][3]. Group 1: Strategic Cooperation - The agreement focuses on collaboration in areas such as postal finance, convenience services, modern logistics systems, rural revitalization, emerging industries, and the integration of culture and tourism [3]. - The partnership aims to support the construction of a postal aviation hub in the Greater Bay Area, enhancing the logistics infrastructure [3]. Group 2: Economic and Social Development - Guangzhou is recognized as a key central city and international transportation hub in China, with a comprehensive transportation system that supports the growth of modern logistics [2]. - The cooperation is expected to contribute positively to the economic and social development of Guangzhou, leveraging the strengths of both parties [2][3]. Group 3: Future Initiatives - The collaboration will also focus on deepening cooperation in smart logistics, low-altitude economy, and modern finance, aligning with national development strategies [2][3]. - The strategic relationship is seen as a starting point for enhancing public services and expanding financial service capabilities [3].

Market Overview - The U.S. stock market showed mixed results, with the S&P 500 and Nasdaq close to record highs, indicating a return to a normal bull market despite geopolitical tensions and tariff concerns [1][2] - The Dow Jones Industrial Average fell by 106.59 points, or 0.25%, closing at 42,982.43 points, while the Nasdaq rose by 61.02 points, or 0.31%, closing at 19,973.55 points [3] Sector Performance - Among the 11 sectors of the S&P 500, the real estate sector declined by 2.46%, consumer discretionary fell by 1.13%, and energy dropped by 0.43%. In contrast, the telecommunications sector increased by 0.51%, and the information technology sector rose by 1.18% [3] - In the ETF market, global airline ETFs fell by 1.59%, consumer staples ETFs dropped by 1.34%, and utility ETFs also decreased by 1.34%. However, technology sector ETFs gained 0.85%, with global tech stock index ETFs up by 0.98% and semiconductor ETFs rising by 1.35% [4] Company Highlights - Major tech stocks had mixed performances, with Google rising over 2% and Nvidia increasing by 4.3%, reaching a market capitalization of $3.77 trillion, making it the highest-valued company globally [5] - Nvidia's CEO highlighted significant growth opportunities in AI and robotics, projecting a future with billions of robots and millions of autonomous vehicles powered by Nvidia technology [5] - Tesla's stock fell by 3.79%, attributed to a decline in European sales for five consecutive months, although some analysts remain optimistic following the launch of its autonomous taxi service in Austin [5] - QuantumScape, a solid-state battery company, saw its stock surge by 31% after announcing a milestone in integrating its manufacturing process into its benchmark battery products [5] Chinese Stocks - The Nasdaq Golden Dragon China Index fell by 0.6%, with several Chinese stocks experiencing declines, including Bawang Tea, which dropped over 8%, and Xiaopeng Motors, which fell over 3% [6]

欧盟近日表示，如果美国总统特朗普如外界预期般对欧盟商品征收基准关税，欧盟将对包括波音公司飞机在内的美国进口商品征收报复性关税。 欧盟官员预计，即使贸易谈判达成协议，美国仍会保留部分关税。此前，负责欧盟贸易事务的欧盟委员会并未明确表示此举是否会引发欧盟的报 复。 据新华社4月3日报道，美国总统特朗普2日在白宫签署两项关于所谓"对等关税"的行政令，宣布美国对贸易伙伴设立10%的"最低基准关税"，并对 某些贸易伙伴征收更高关税。欧盟产业政策专员Stephane Sejourne表示： "如果美国坚持不对称协议，包括最终谈判结果仍保留10%的关税，我们将需要采取报复和再平衡措施，涉及一些关键领域。" 随着7月9日关税生效日的临近，欧盟正加紧与华盛顿达成协议。特朗普曾猛烈抨击欧盟，称其成立是为了"坑害"美国，并指责欧盟存在商品贸易 顺差和阻碍美国贸易的壁垒。欧盟估计，目前美国对欧盟出口商品征收的关税总额已达3800亿欧元（约合4390亿美元），约占其对美出口总额的 70%。 谈判陷入僵局，欧盟指责美方要求不公 欧盟委员会上周告知成员国，美国坚持的要求可能导致一份不公平的协议。 据媒体此前报道，美国的一些要求包括与鱼类出 ...