成功的投资者，是善于独立思考，具有独特的见解，然而这独特的见解不是从天下掉下来，也不是从地下冒出 来，是来自市场，来自实践，市场的实际走势才是千真万确，不会以人们的意愿而转变。 在以色列-伊朗地缘政治紧张局势挥之不去之际，所有人的目光都集中在美联储的政策公告上。北京时间周四 02:00，美国联邦将公布利率决议和经济预期摘要；随后02:30美联储主席鲍威尔将召开货币政策新闻发布会，美 联储政策声明将给市场带来剧烈波动。 黄金近期受中东局势影响，避险情绪拉满，回到了3400时代。但多次冲击3450关口，都未能逾越，随后迎来大幅 回落，成功跌破3400大关。目前承压3400关口弱势下行，隔日最低跌至3366附近反弹回升，但多头涨势乏力，迟 迟不能突破3400大关。今日承压继续下行，彬哥布局的3394空，再次跌至3377目标，再次收割近20点。 n a min lsl / | AIT Q 搜索聊天记录 发送人 × | 日期 v 李鸿彬 6/18 9:19 黄金隔日承压3400震荡下行,回调的低点在 下移,最低跌至3366附近回升,再次冲击 3395附近回落,那么反弹3390附近空,下 方 3373 附近多 李鸿彬 6 ...

证券代码：002828 证券简称：贝肯能源 公告编号：2025-064 贝肯能源控股集团股份有限公司 关于召开公司 2025 年第二次临时股东会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 贝肯能源控股集团股份有限公司（以下简称"公司"）于 2025 年 6 月 18 日召开了第六届董事会第三次会议，会议审议通过了《关于召开公司 2025 年第 二次临时股东会的议案》，现就召开公司 2025 年第二次临时股东会有关事宜通 知如下： 一、召开会议的基本情况 年第二次临时股东会。 件和公司章程的规定。 （3）公司聘请的律师； （4）根据相关法规应当出席股东会的其他人员。 二、会议审议事项 （1）现场会议召开日期、时间：2025 年 7 月 4 日（星期五）10:30； （2）网络投票时间：2025 年 7 月 4 日。 其中，通过深圳证券交易所交易系统进行网络投票的具体时间为：2025 年 7 月 4 日上午 9:15-9:25，9:30-11:30，下午 13:00－15:00；通过深圳证券交易所 互联网投票系统投票的具体时间为：2025 年 7 月 ...

智通财经6月18日电，美股能源股盘前续涨，Robin Energy涨超22%，美国能源涨近9%，休斯敦能源涨 超7%。 ...

Core Insights - The Chairman of the China Securities Regulatory Commission (CSRC), Wu Qing, announced significant regulatory measures aimed at enhancing market integrity and transparency, particularly targeting insider trading and market manipulation [3][4] - The CSRC introduced a series of reforms to attract foreign investment, including optimizing the Qualified Foreign Institutional Investor (QFII) system and expanding the range of tradable futures and options [3][4] Regulatory Measures - The CSRC is intensifying its crackdown on insider trading and market manipulation, with a reported 9% year-on-year increase in penalties for merger and acquisition insider trading cases [3] - The focus is on creating a cleaner market environment, which is expected to benefit retail investors by promoting value investing [3] Foreign Investment Initiatives - The QFII system will see lowered entry barriers and increased flexibility for foreign investors, with the number of tradable futures and options set to increase from dozens to 100 [3] - The introduction of RMB foreign exchange futures and liquefied natural gas futures and options is aimed at reducing exchange rate risks for foreign trade enterprises and providing hedging tools for the energy sector [3][4] Market Outlook - The reforms signal a move towards a more open, transparent, and internationalized Chinese capital market, which is expected to lead to a healthier market structure and more stable long-term capital [4] - Investors are encouraged to focus on high-dividend, undervalued blue-chip stocks, aligning with foreign investment trends for potential gains [4]

Core Viewpoint - The global capital markets are under pressure due to various factors, including U.S. fiscal policies, financial market changes, and escalating geopolitical tensions in the Middle East [1] Market Performance - From June 9 to June 12, U.S. stock indices showed an overall upward trend, continuing a previous rebound. However, on June 13, the market sentiment turned pessimistic due to the escalation of the Middle East situation, leading to significant declines in major indices [3] - The Dow Jones Industrial Average fell by 769.83 points (1.79%) to close at 42197.79, with a weekly decline of 1.32%. The S&P 500 dropped by 68.29 points (1.13%) to 5976.97, with a weekly decline of 0.39%. The Nasdaq index decreased by 255.66 points (1.30%) to 19406.83, with a weekly decline of 0.63% [3] Analyst Insights - Andrew Tyler from JPMorgan has shifted the firm's stance from "tactically bullish" to "tactically cautious," citing geopolitical uncertainties and an impending trade agreement expiration as reasons for potential market adjustments [3][4] - Key factors prompting this adjustment include escalating geopolitical risks, short-term inflation volatility, profit-taking by some investors, concentrated market positions, and signs of capital rotation [4] Inflation and Oil Prices - JPMorgan warns that if oil prices exceed $120 per barrel, it could lead to severe inflationary pressures, potentially pushing the U.S. CPI from the current 2.4% to 5.0%, which may force the Federal Reserve to tighten monetary policy again [4] - Since April 8, the S&P 500 has risen by 20%, the Nasdaq 100 by 26.6%, and the technology sector by 33.35%, with the semiconductor sector surging by 42.7%. However, historical data indicates that the SOX semiconductor index often underperforms from June to September, suggesting potential technical adjustment pressures [5] Sector Performance - Despite strong overall performance, U.S. stocks have underperformed global markets by 350 basis points year-to-date, particularly lagging behind the Asia-Pacific markets by 748 basis points [5] - The technology sector has benefited significantly from improved U.S.-China relations, with multinational companies' earnings expectations rising following a framework agreement reached during trade talks [5] - The energy sector has also performed well, driven by rising international oil prices amid geopolitical tensions, particularly following Israeli airstrikes on Iran [6] - Conversely, the consumer sector faces significant pressure due to new tariff policies that may increase costs for multinational companies, potentially squeezing profit margins and affecting stock performance [6] Conclusion - Overall, while the U.S. stock market shows structural opportunities, particularly in traditional energy and telecommunications sectors, the rebound in energy prices poses risks of recurring inflation [6]

日韩股市低开高走 6月18日早间，日韩股市 双双 低开， 随后震荡拉升。截至发稿， 日经225指数涨0.2%，至 2月21日以来的最高点。 此外， 日本央行在最新发布的货币政策声明中称，将维持政策利率在0.5%不变，并计划在下 一财年放缓购债的缩减步伐。 贝莱德中东及亚太地区首席投资策略师本·鲍威尔表示，由于面临全球经济不确定性，日本央 行今年年底前很可能会维持利率不变。本次按兵不动发生在食品价格上涨推动通胀上升的背 景下，与此同时，全球贸易摩擦和油价波动也为经济环境增添了复杂性。从日本国内来看， 薪资上涨与物价坚挺之间正在形成一个良性循环，势头逐渐增强，但外部环境的不确定性仍 使日本央行保持观望态度。 个股方面，王子控股、大成建设、任天堂等涨幅居前。 | 名称 | 现价 | 涨跌幅 = | 总市 三 | | --- | --- | --- | --- | | 王子控股 | 722.2 | 4.12% | 7326亿 | | 3861.T | | | | | 大成建设 | 8280.0 | 3.37% | 15166亿 | | 1801.T | | | | | 任天堂 | 12850.0 | 3.30% | ...

Report Industry Investment Rating No relevant content provided. Core Viewpoints - The production industry should focus on policies promoting the transformation of traditional manufacturing. The State-owned Assets Supervision and Administration Commission of the State Council emphasizes the transformation and upgrading of traditional industries, and the National Development and Reform Commission has raised domestic gasoline and diesel prices [1]. - The foreign exchange market in May 2025 was stable, with a net inflow of cross - border funds of 33 billion US dollars in the non - bank sector, including high - level net inflows from goods trade and increased foreign investment in domestic stocks [2]. - In the industry overview, international oil prices have rebounded significantly, PTA prices have continued to rise, and egg prices have continued to decline. The urea operating rate is at a high level. The sales of commercial housing in first - and second - tier cities are at a near - three - year low, and the number of domestic flights has decreased. The credit spreads of the pharmaceutical and biological, and agricultural industries have declined [3][4][5][6]. Summary by Related Catalogs 1. Meso - level Event Overview Production Industry - The State - owned Assets Supervision and Administration Commission of the State Council promotes the high - end, intelligent, and green transformation of traditional industries, and encourages the use of digital technologies and relevant policies [1]. - The National Development and Reform Commission raised domestic gasoline prices by 260 yuan/ton and diesel prices by 255 yuan/ton on June 17 [1]. Service Industry - In May 2025, the non - bank sector had a net cross - border capital inflow of 33 billion US dollars, with stable net outflows in service trade, etc. [2] 2. Industry Overview Upstream - Energy: International oil prices have rebounded significantly [3]. - Chemical: PTA prices have continued to rise [3]. - Agriculture: Egg prices have continued to decline [3]. Mid - stream - Chemical: The urea operating rate is at a high level [4]. Downstream - Real Estate: The sales of commercial housing in first - and second - tier cities are the same as last year and at a near - three - year low [5]. - Service: The number of domestic flights has decreased [5]. 3. Market Pricing - The credit spreads of the pharmaceutical and biological, and agricultural industries have declined [6].

Report Industry Investment Ratings No relevant information provided. Core Views of the Report - The overall market is affected by multiple factors such as geopolitical situations, policy expectations, and supply - demand relationships across different sectors. Short - term market movements are often influenced by news and events, while long - term trends depend on fundamental factors [2][4]. Summary by Related Categories Stock Index - The index has stable lower support but faces pressure to break through the upper level. Tariff negotiations are ongoing, causing short - term fluctuations due to news. High dividends support the market, resulting in narrow - range oscillations. It is recommended to wait and see for now and try to sell out - of - the - money put options with a strike price of 5800 in July to earn premiums [2]. Treasury Bonds - With loose capital and strong market expectations for the central bank to restart bond purchases, the overall Treasury bond futures are rising, with the short - end being stronger. Attention should be paid to the content of the Lujiazui Forum. If expected policies are implemented, it may drive the curve to steepen bullishly. In the unilateral strategy, Treasury bond futures can be appropriately allocated with long positions on dips [2]. Precious Metals - Gold prices may approach the previous high of around $3450 (¥800) if the Israel - Iran conflict escalates again. If the safe - haven sentiment weakens and the price fails to break through the previous high, out - of - the - money call options on gold can be sold at high prices. Silver still has upward potential under inflation expectations influenced by the Middle East situation on energy prices [2]. Shipping Index - The EC2508 main contract of the container shipping index (European line) is oscillating narrowly in the range of 1900 - 2200. Unilateral operations should be on hold for now [2]. Steel - For industrial steel, demand and inventory are deteriorating. Attention should be paid to the decline in apparent demand. For iron ore, the decline in hot metal production has narrowed, and the arrival volume has reached a high level. It can be shorted on rebounds, with the upper pressure level around 720. For coking coal, the market auction failure rate has decreased, coal mine production has declined from a high level, and the spot market is weakly stable with improved trading and better expectations. For coke, the third round of price cuts by mainstream steel mills on June 6 has been implemented, and there is still an expectation of further cuts, with the price approaching the bottom. Arbitrage strategies such as going long on coking coal and short on coke can be considered [2]. Non - Ferrous Metals - Copper shows weak momentum and narrow - range oscillations. Zinc's price center has moved down, and inventory depletion provides support. Nickel's sentiment is low, and the price continues to test lower levels, with little change in fundamentals. Stainless steel's price is in a downward trend, and its fundamentals are weak. For tin, attention should be paid to the supply - side recovery rhythm, and a short - selling strategy from high levels can be adopted based on inventory and import data inflection points [2]. Energy and Chemicals - For oil, due to high geopolitical uncertainty, it is recommended to wait and see. WTI's upper resistance has expanded to [73, 74], and Brent's upper - end pressure is in [74, 75], while SC's pressure is in [540, 550]. For urea, there is short - term technical correction pressure, and the upside space needs to be verified by news. For PX, short - term support is strong, and short - long positions can be taken, while considering narrowing the PX - SC spread. For PTA, it is slightly bullish in a narrow - range oscillation, and short - long positions are recommended, along with arbitrage strategies. For PF, short - term processing fees have slightly recovered but with limited momentum. For bottle chips, processing fees may bottom - out and rebound during the peak demand season. For ethylene glycol, the shutdown of Iranian plants has boosted the price, and short - term attention should be paid to the 4450 pressure. For styrene, short - term energy disturbances cause oscillating and repeating movements, and mid - term short - selling opportunities based on raw material resonance should be sought. For caustic soda, the alumina purchase price has continuously declined, and the market is looking for a bottom. For PVC, short - term contradictions are not intensified, and it is in a low - level consolidation phase. For synthetic rubber, it has stopped falling and rebounded due to international geopolitical conflicts. For LLDPE, the spot price has risen slightly with neutral trading. For PP, it is in a weak supply - demand situation and oscillates weakly. For methanol, inventory continues to accumulate, and the basis is stable [2][4]. Agricultural Products - For grains and oilseeds, the new US soybean crop is in good condition, and the market oscillates. For hogs, due to weakening demand in hot weather, the price oscillates slightly. For corn, it lacks the power to continue rising and oscillates at a high level. For palm oil, it is expected to optimistically hit 8500 points in the short term. For sugar, overseas supply is expected to be loose, and short - selling on rebounds is recommended. For cotton, the downstream market is weak, and short - selling on rebounds is advisable. For eggs, the spot market is weak, with a bottom - rebound and then short - selling trend. For apples, trading is weak. For dates, the market price is weakly stable. For peanuts, the market price is high. For soda ash, the oversupply logic persists, and short - selling on rebounds is recommended [2]. Special Commodities - For glass, the spot market sales have improved, and the short - term market has support. For rubber, the continuous rebound of crude oil has driven up the rubber price. For industrial silicon, the futures are oscillating in a low - level range [2][3]. New Energy - For polysilicon, futures have declined with reduced positions. For lithium, the main contract is expected to trade in the range of 56,000 - 62,000 [3].

Market Overview - On June 17, US stock indices closed lower, with the Dow Jones Industrial Average, Nasdaq, and S&P 500 dropping by 0.7%, 0.91%, and 0.84% respectively [3] - Major tech stocks also fell, with the US Tech Giants Index down 0.81%, Tesla decreasing nearly 4%, and Apple dropping over 1% [5][6] Chinese Stocks - Chinese stocks experienced a general decline, with the Nasdaq Golden Dragon China Index falling by 1.77%. Notable declines included Zai Lab down over 8% and Canadian Solar down over 6%, while Brain Regen saw a significant increase of 30% [8] Commodity Prices - International oil prices surged, with NYMEX WTI crude oil rising by 2.74% to $73.74 per barrel, and ICE Brent crude oil increasing by 5.41% to $77.19 per barrel [13] - International precious metal futures showed mixed results, with COMEX gold futures down 0.32% to $3406.50 per ounce, while COMEX silver futures rose by 2.01% to $37.18 per ounce [12]

Group 1 - The New York stock market experienced a significant decline on June 17, with all three major indices closing lower due to weaker-than-expected macro data and concerns over escalating conflicts related to Iran [1] - The Dow Jones Industrial Average fell by 299.29 points to close at 42,215.8, a decrease of 0.70%. The S&P 500 index dropped by 50.39 points to 5,982.72, down 0.84%. The Nasdaq Composite Index decreased by 180.12 points to 19,521.09, a decline of 0.91% [1] - Among the sectors in the S&P 500, ten out of eleven sectors declined, with the healthcare and consumer discretionary sectors leading the losses at 1.64% and 1.55% respectively, while the energy sector saw an increase of 1.03% [1] Group 2 - The U.S. Department of Commerce reported that retail and food service sales in May amounted to $715.4 billion, a month-over-month decrease of 0.9%, which was worse than the expected decline of 0.6% [1] - The May industrial production index fell by 0.2%, contrary to the market expectation of a 0.1% increase, with the April figure revised from zero to a 0.1% increase [2] - The National Association of Home Builders reported a housing market index of 32 for June, below the expected 36 and May's 34 [2] Group 3 - Analysts suggest that consumer anxiety is leading to a shift towards saving rather than spending, indicating an economic slowdown [2] - Investment strategists believe that the weakening data may provide the Federal Reserve with more room to adopt a dovish stance [2][3] - There is a focus on defensive stocks with pricing power and growth potential as alternatives to expensive technology company valuations [3]