Internationally:
1. Morgan Stanley: Inflation, while not rising, remains above target and insufficient to justify a Fed rate cut in January.
2. JPMorgan Chase: Despite a slowdown in the labor market, US consumer spending remains strong.
3. Credit Agricole: The market has already priced in the negative impact of a rate cut; the dollar may be undervalued.
4. Barclays: Rising fiscal concerns may put pressure on the yen in the short term.
5. Mitsubishi UFJ: A weaker yen could trigger further concerns among policymakers both in Japan and abroad.
6. Julius Baer: Despite a narrowing interest rate differential, the yen is expected to remain weak.
7. ING: If the Bank of England cuts rates in March, the pound/euro exchange rate could fall further.
Domestically:
1. CICC: Inflation is moderate, but the Fed is unlikely to cut rates in January.
2. CITIC Securities: Expects the Fed to pause rate cuts in January and implement two 25bps rate cuts throughout the year.
3. CITIC Securities: Remains optimistic about investment opportunities in strategic metals. 4. Golden Credit Rating: Chip and automobile exports saw significant growth in December, with the trade diversion effect continuing to unfold.
5. BOC Securities: AI application commercialization has broad development prospects.
6. Galaxy Securities: Seize the super copper cycle driven by the resonance of "AI leap + century-long transformation".
7. BOC Securities: Brain-computer interface technology is moving from the laboratory to industrial production.
8. Tianfeng Securities: With the accelerated advancement of power sector reform, the regulatory value of thermal power is expected to be better reflected.
