Internationally:
1. Barclays: Geopolitical "adjustment" is fading, spot gold will rebound to $4,900.
2. UBS: The US-Iran agreement reduces pressure on the Fed to raise interest rates; the next step is a rate cut in 2027.
3. Citigroup: If the Iran agreement is implemented, the worst period of US inflation may be over.
4. Goldman Sachs: WTI crude oil averages $75/barrel in Q4 2026 and $70/barrel in 2027.
5. Morgan Stanley: Easing US-Iran tensions drive cyclical stock rotation, and the US stock market rally will further expand.
6. PGIM: Expects three rate hikes this year, followed by a policy reversal in 2027.
7. JPMorgan Chase: Falling oil prices may restart global stock market rotation.
8. Capital Economics: Despite the peace agreement, the road to recovery for Gulf economies remains long. 9. Capital Economics: Even with the restoration of safe passage, the recovery of oil supply through the Strait of Hormuz will still lag.
10. Capital Economics: The fragile US-Iran agreement is expected to reduce negative macroeconomic and market risks.
Domestic:
1. CITIC Securities: Silicon wafer price increases have materialized as expected; the upward cycle has only just begun.
2. CITIC Securities: The dawn of strait passage may be emerging; pay attention to the inflection point in oil shipping valuations.
3. CITIC Securities: Renewal of industrial and commercial land use rights will help revitalize existing assets.
4. CITIC Securities: The three-year action plan for energy conservation and carbon reduction will force the exit of inefficient production capacity.
5. Galaxy Securities: AI servers and new energy vehicles are driving high demand for MLCCs; there is significant room for domestic substitution.
6. Galaxy Securities: AI servers and data centers are driving both volume and price increases for CCLs.
7. Galaxy Securities: The high prosperity trend of specialty fiberglass products in the second half of the year is highly certain; prices may continue to rise.
8. Huatai Securities: The Ministry of Industry and Information Technology raises efficiency standards for photovoltaic modules, and an industry turning point may gradually emerge.
9. Huatai Securities: AI is driving the evolution of the gaming industry from a content industry to an intelligent interactive industry.
