印度尼西亚国防部宣布，印尼已与土耳其签订合同，向土方购买48架"可汗"战机。两国于26日在土耳其 伊斯坦布尔举行的国际国防工业博览会上签订了相关"执行合同"。声明未披露交易金额和交付时间等合 同细节。(人民财讯) ...

消息人士：波音(BA.N)、萨博正与英国BAE系统公司就潜在合作进行谈判，以参与英国更换鹰式 （Hawk）军用教练机的竞争。 ...

Core Points - The U.S. Department of Defense has accepted a Boeing 747-8 luxury aircraft gifted by Qatar, which is to be upgraded as "Air Force One" for Trump [1] - A budget of $934 million has been reallocated from nuclear missile maintenance to fund the modification of the new "Air Force One" [1][3] - The "Sentinel" program, aimed at modernizing ICBM launch facilities, has seen its costs balloon from an initial estimate of $96 billion to nearly $141 billion, triggering scrutiny [3][4] - The Air Force Secretary acknowledged that some funds from the "Sentinel" project were temporarily diverted for the new "Air Force One" but assured that this would not delay the project [4] Financial Implications - The modification costs for the new "Air Force One" are estimated to be less than $400 million, although some experts suggest it could reach $1.5 billion [4] - The reallocation of $934 million has raised concerns among Congress members regarding ethical implications and the credibility of the government [4][5] Political and Ethical Concerns - The acceptance of a foreign gift as "Air Force One" has sparked debates over potential conflicts of interest and ethical issues [5] - Trump defended the acceptance of the aircraft, claiming it was a gift to the U.S. Department of Defense and not personally to him [5]

Group 1 - The article discusses the recent trade agreements between the US and Japan, Indonesia, and the Philippines, highlighting the reduction of tariffs and Japan's commitment to invest $550 billion in key industries [51][52] - The article notes that developed markets have generally seen an increase, with the Nikkei 225 rising by 4.1% and the S&P 500 by 1.5% [4][80] - The article mentions the fluctuations in commodity prices, with WTI crude oil decreasing by 3.2% to $65.2 per barrel, while coking coal prices surged by 36.0% to 1259 yuan per ton [37][38] Group 2 - The article reports that the US Markit Manufacturing PMI fell to 49.5 in July, below the expected 52.7, indicating ongoing disruptions in US industrial production due to tariffs [66][81] - The European Central Bank (ECB) maintained interest rates during its July meeting, aligning with market expectations as inflation returned to target levels [69][81] - The article highlights the mixed performance of emerging market 10-year government bond yields, with Turkey's yield rising significantly by 177.5 basis points to 31.6% [20]

Group 1: Earnings Reports Focus - Major companies including technology giants, energy leaders, financial firms, and healthcare industry leaders are set to release earnings reports this week [1][2][3] - The focus will be on the "Big Four" tech companies: Apple, Microsoft, Amazon, and Meta, with attention on AI strategies, consumer trends, and cloud computing performance [1][2] Group 2: Technology Sector Insights - Analysts expect Microsoft to report a revenue and earnings growth of approximately 14% year-over-year, with a strong buy rating from Wall Street despite some cautious quantitative ratings [14][16] - Meta is anticipated to show a profit and sales growth of about 14%, with mixed ratings from analysts, some maintaining a strong buy and others expressing concerns over capital expenditures [17][18] Group 3: Consumer and Healthcare Sector Highlights - Companies like Procter & Gamble, Starbucks, and CVS Health are also set to report earnings, reflecting a diverse range of consumer goods and healthcare services [3][12] - The healthcare sector remains a focal point due to changing drug pricing, innovation, and patient demand, with major firms like AbbVie and Pfizer releasing their results [2][3] Group 4: Energy Sector Expectations - ExxonMobil and Chevron are expected to report double-digit year-over-year declines in revenue and profit due to soft energy prices, with ExxonMobil receiving a strong buy rating while Chevron is rated hold [32][34] - Analysts highlight ExxonMobil's strong position in the Permian Basin and Guyana, while Chevron's reliance on upcoming acquisitions for future growth raises concerns [32][33] Group 5: Market Sentiment and Stock Ratings - Apple is projected to see a slight revenue and earnings growth of 2% to 3%, with mixed ratings from analysts reflecting concerns over valuation and growth slowdown [21][24] - Amazon is expected to report a profit growth of 4% and revenue growth of 9%, with strong buy ratings from both Wall Street and quantitative systems, indicating confidence in its diversified growth strategy [25][27]

宏观研究 /[Table_Date] 2025.07.27 2025-07-28 美日协议提振市场信心，欧央行按兵不动 [Table_Authors] 海外经济政策跟踪 本报告导读： 美日贸易谈判取得进展，提振全球市场情绪，本周全球股市普遍上涨。高利率与高 不确定性下，美国房地产市场需求疲弱，企业资本开支相对谨慎，制造业 PMI 走弱 但服务业表现仍强，经济尚具有韧性。欧央行维持利率不变，9 月或继续按兵不动。 投资要点： 证 券 研 究 报 告 请务必阅读正文之后的免责条款部分 宏 观 研 究 宏 观 周 报 [Table_Report] [Table_Summary] 全球大类资产表现：上周（2025.7.21-2025.7.25），全球大类资产价 格中，主要经济体股市普遍上涨。其中，日经 225 上涨 4.1%，恒生 指数上涨 2.3%，上证综指上涨 1.7%，标普 500 指数上涨 1.5%，发 达市场股票指数上涨 1.4%，新兴市场股票指数上涨 0.7%。大宗商品 价格涨跌互现，其中，COMEX 铜上涨 4.0%，南华商品指数上涨 2.7%， 伦敦金现下跌 0.4%，标普-高盛商品指数下跌 1.1% ...

Group 1 - The large aircraft sector showed strong performance in the morning session, with Xicet Testing (301306) rising over 12% and reaching a historical high during the trading session [1] - Aerospace Power (600343) hit the daily limit, while Chaojie Co. (301005) increased by over 10% [1] - Other companies such as Boyun New Materials (002297), Rifeng Precision Machinery (002520), Zaiseng Technology (603601), Zhongyan Co., and Huagong Technology (000988) also experienced gains [1]

智通财经7月28日电，波音防务部门工会拒绝四年期合同及20%涨薪方案。 ...

1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints of the Report - The domestic economy in the first half of the year remained resilient, with China's H1 GDP growing by 5.3% year - on - year, higher than the annual target of 5%. Fiscal efforts and "rush to export" supported the economic data, but the urgency for policies decreased. Attention should be paid to the Politburo meeting in July for possible intensified pro - growth policies [1]. - Since July, relevant departments have emphasized the governance of disorderly low - price competition among enterprises. Policies for "anti - involution" in industries such as steel, photovoltaic, lithium battery, and new - energy vehicles are expected to heat up, and some commodity prices have rebounded. Ten key industries' pro - growth plans are to be introduced [2]. - Trump signed the "Great Beautiful" tax and spending bill, and the US has entered a stage of "easy to loosen, hard to tighten" policies. The second - stage of reciprocal tariffs has begun, which may drag down commodities affected by external demand [3]. - Currently, the fundamentals of commodities are still weak, and caution should be exercised regarding the implementation of policy expectations. The volatility of commodity prices may remain high. For commodities and stock index futures, it is advisable to go long on industrial products on dips [4][5]. 3. Summary by Related Catalogs Market Analysis - China's economic data in the first half of the year was supported by fiscal efforts and "rush to export." In June, exports were strong, while the year - on - year growth rate of social retail sales slowed down. Infrastructure and manufacturing investments declined, and the risk of the real - estate chain being dragged down by weak property sales still exists [1]. - Since July, relevant departments have emphasized the governance of disorderly low - price competition. Policies for "anti - involution" in multiple industries are expected to heat up, and some commodity prices have recovered. Ten key industries' pro - growth plans are to be introduced, and a survey of old petrochemical equipment is underway [2]. - Trump signed the bill, and the US has entered a new policy stage. The second - stage of reciprocal tariffs has started, and multiple countries are involved in tariff negotiations. The current tariffs are in a "stagnant" stage, which may impact commodities affected by external demand [3]. - Different commodity sectors have different characteristics. The black and new - energy metal sectors are sensitive to domestic supply - side factors; the energy and non - ferrous sectors benefit from overseas inflation expectations; the "anti - involution" space of some chemical products is worthy of attention; OPEC+ is accelerating production increases; and the short - term volatility of agricultural products is relatively limited [4]. Strategy - For commodities and stock index futures, it is recommended to go long on industrial products on dips [5] To - do News - China - EU leaders held the 25th meeting, aiming to deepen bilateral relations. The EU passed a measure to impose counter - tariffs on US products worth 93 billion euros [6]. - South Korea plans to invest at least $100 billion in the US. The preliminary value of the eurozone's July composite PMI was 51, higher than expected [6]. - China and the US will hold economic and trade talks in Sweden from July 27th to 30th. The S&P 500 and the Dow Jones Industrial Average rose, while the Philadelphia Semiconductor Index fell [6]. - The US reached trade agreements with multiple countries, including Indonesia and Japan. Thailand is close to reaching an agreement with the US, and the new tariff rate may drop to about 20% [6]. - The 7 - month LPR quote remained stable. The EU and the US may reach a trade agreement this weekend. The pound and the euro had certain fluctuations [6]. - China has issued the third batch of 69 billion yuan in ultra - long - term special treasury bonds to support the replacement of old consumer goods with new ones, and the fourth batch of 69 billion yuan will be issued in October [6]. Macroeconomic - The US economic data shows that GDP growth, manufacturing and service PMIs, employment, inflation, consumption, fiscal revenue and expenditure, and net exports have different trends and fluctuations [8]. - The European economic data shows that GDP growth, industrial confidence, investment, employment, consumption, inflation, trade, credit, and fiscal surplus have their own characteristics and changes [9]. - The Chinese economic data shows that GDP growth, net exports, investment, consumption, inflation, finance, and fiscal revenue and expenditure have different performance and trends [10].

Group 1 - The core focus of the article is on significant economic events occurring from July 28 to August 3, particularly the US-China trade negotiations and the impending tariff deadline on August 1, which are expected to impact global trade dynamics [1][4][10] - The Federal Reserve's interest rate decision is highly anticipated, with expectations that there will be no rate cuts in July, despite ongoing discussions about economic conditions [13][14][16] - Major US companies, including Microsoft, Meta, Apple, Amazon, Qualcomm, Boeing, and Starbucks, are set to release their earnings reports, which could lead to market volatility [3][25] Group 2 - The article highlights the ongoing trade talks between the US and China, with a focus on the tariffs that are set to take effect on August 1, including a 50% tariff on copper imports [4][6][10] - The article discusses the economic outlook for China, with expectations that the upcoming political bureau meeting will affirm a stable economic environment while acknowledging external pressures [11][12][21] - The article notes that the Japanese central bank is likely to maintain its target interest rate at 0.5%, influenced by ongoing US-Japan trade negotiations and domestic inflation concerns [22][23] Group 3 - Microsoft is expected to report strong earnings driven by its investments in artificial intelligence and operational efficiency, with a target price set at $530 [26] - Meta's second-quarter revenue is projected to reach $44.71 billion, reflecting a 14% year-over-year growth, with a consistent track record of exceeding market expectations [28] - Apple's revenue for the quarter is anticipated to be $90.7 billion, a 5.8% increase from the previous year, primarily due to strong iPhone sales [29] - Amazon's revenue is expected to hit $162 billion, supported by growth in its AWS and retail sectors, despite concerns over tariffs [30][31] - Qualcomm is in the process of acquiring Alphawave for approximately $2.4 billion, pending regulatory approval [32] - Boeing forecasts a significant increase in earnings per share and revenue, driven by strong demand for commercial aircraft [33] - Starbucks is launching free study areas in select stores in China to boost customer traffic amid increasing competition [34] - WuXi AppTec's stock has reached a new high, reflecting strong institutional support and positive market sentiment [35]