International
1. Morgan Stanley: US dollar positions have turned positive, but the medium-term outlook remains weak.
2. Morgan Stanley: The Federal Reserve is expected to cut interest rates significantly, and the US dollar may weaken over the next year.
3. Barclays: The Federal Reserve's interest rate meeting may reveal policy divergence.
4. Goldman Sachs: As monetary policy gradually normalizes, the yen is expected to rebound to 100 against the US dollar over the next decade.
Domestic
1. CICC: Vietnam's classification as a secondary emerging market will trigger foreign capital inflows.
2. Huatai Securities: The US proposal aims to accelerate the grid connection of large-scale loads such as AI.
3. Huatai Securities: Global LME aluminum prices are expected to rise above $3,200/ton next year.
4. Cathay Pacific Haitong: The coal sector's cyclical bottom has been confirmed in the second quarter.
5. Galaxy Securities: Intensified losses in October may accelerate the reduction of pig farming capacity. 6. CITIC Securities: Market volatility remains high. We recommend focusing on four key themes: anti-involution, AI computing power, semiconductors, and short dramas.
7. CITIC Securities: The bond market's current term spread has adjusted sufficiently, and further upward momentum may be limited at the current level.
