International
1. UBS: Gold prices are expected to rebound by the end of 2026.
2. Sumitomo Mitsui: If inflation does not slow, Fed policymakers will lose credibility.
3. Deutsche Bank: Japan's policy focus may shift from "protecting the yen" to "controlling yields."
4. ING: Rising energy prices may continue to put pressure on the yen and Swiss franc.
5. Mitsubishi UFJ: The dollar has not yet been significantly affected by renewed uncertainty in US trade.
6. Commerzbank: The ECB's expected "hold-off" may provide some relief to the bond market.
7. Deutsche Bank: UK inflation has bought the Bank of England more time.
Domestic
1. CITIC Securities: Copper and aluminum demand growth will improve.
2. Dongwu Securities: The logic supporting the A-share market's upward trend has not changed, and the market is expected to stabilize further.
3. CITIC Securities: The new US tariffs are essentially replacements rather than upgrades.
4. CITIC Securities: Bullish on investment opportunities in the electronics sector after its recent oversold condition.
5. CITIC Securities: Anticipates continued capacity reduction in the second half of 2026, with promising pork prices expected in 2027.
6. CITIC Securities: Expects AI agents to significantly boost CPU demand, leading to a revaluation of CPUs.
7. CITIC Securities: Chemical exports maintained high growth in June, with petrochemical and coal chemical sectors performing particularly well.
8. Huatai Securities: AI glasses are expected to become a high-frequency entry point for AI agents into the physical world.
9. Dongwu Securities: Domestic liquid cooling systems have moved from sample verification to mass production delivery; market share growth is expected to outpace industry growth from 2026 to 2028.
