International
1. Morgan Stanley: Expects the Fed to hold rates steady next week.
2. ING: The pound may fall further due to policy divergence between the Bank of England and the European Central Bank, and fiscal risks.
3. Capital Economics: The Bank of Japan may be more pessimistic about Japanese economic activity.
4. MUFG: Since the outbreak of the US-Iran conflict, the yen and the Swiss franc have been the worst-performing G10 currencies.
5. Morgan Stanley: The European Central Bank is expected to raise interest rates in September.
6. ING: A September rate hike by the European Central Bank seems inevitable.
7. Capital Economics: The European Central Bank has given almost no hints about its next move.
8. Capital Economics: The Gulf region's recovery faces new setbacks, affected by increased downside risks due to Iranian attacks.
Domestic
1. CITIC Securities: Seize the valuation repair opportunity under the expectation of rising copper prices and the recovery in sentiment.
2. CITIC Futures: Maintain a cautious wait-and-see attitude in precious metals; short-term traders are advised to wait for a clear right-side entry opportunity.
3. CITIC Securities: The off-season is not weak, and the peak season is expected; lithium prices are likely to rebound from their lows.
4. CITIC Securities: Renewable energy is expanding in both quantity and quality, and non-electricity sectors such as green hydrogen are receiving stronger policy support.
5. CITIC Securities: New orders and performance in the domestic CRO/CDMO industry will accelerate in 2026, driving the CXO industry chain into a new development stage.
6. Huatai Securities: The red line for eliminating outdated photovoltaic capacity is becoming clearer.
7. Huatai Securities: AI agents are accelerating the expansion of inference computing power and storage capacity, further accelerating the localization of the self-reliant and controllable supply chain.
