Internationally
1. RBC Capital Markets remains bullish on gold, predicting more buying interest at $4,000 and below.
2. ING: Moved its expectation for the Bank of Japan's interest rate hike forward from December to October.
3. Gavekal Research: The scenario of Trump pressuring the Fed to cut rates, leading to inflation exceeding 2%, is unlikely.
4. Invesco: Sovereign investors are increasingly focusing on diversification and shifting towards energy assets.
Domestic
1. CICC: South Korean stock market leverage is at a historical high, but its relative market capitalization is not extreme.
2. CICC: Certain sub-sectors in the upstream of the AI industry chain are currently a focus.
3. CITIC Securities: While the growth logic for AI computing power remains unchanged, volatility is increasing; caution is advised against chasing high prices.
4. CITIC Securities: The current round of MLCC price increases is expected to last for more than a year.
5. CITIC Securities: The new energy system has been defined, further clarifying the trend of green hydrogen industrialization.
6. China Merchants Securities: Short-term copper prices will focus on two factors; medium- to long-term outlook depends on the evolution of the supply and demand pattern.
7. Huatai Securities: Industrial enterprise profits generally improved in May, but industry differentiation intensified.
8. CITIC Securities: The US dollar is a signal of global K-line divergence.
9. Zhongtai Securities: The subsequent market style will remain driven by technology diffusion rather than a style shift.
10. Huatai Securities: A recovery in the bulk chemical industry is expected; electronic chemicals will benefit from AI and domestic substitution.
11. Huatai Securities Hong Kong Stock Strategy: The siphon effect of existing capital on Hong Kong stock funds may not have ended.
