Internationally:
1. Goldman Sachs: Market expectations for a Fed rate hike are overly hawkish.
2. Mizuho: The Eurozone bond market is focused on short-term capital flows, oil prices, and bond supply.
3. ING: The euro is undervalued against the dollar and will appreciate moderately in the coming weeks.
4. Bank of America: A Republican midterm victory would extend the bull market, while a Democratic defeat would spread risks.
5. ANZ: The New Zealand election is unlikely to prevent the Reserve Bank of New Zealand from raising interest rates.
6. Daiwa Securities: Japan's economic growth is weak, and the government may postpone announcing the end of deflation.
Domestically:
1. CITIC Securities: The Hang Seng Tech Index's correction has a significant event-driven effect.
2. Huatai Securities Hong Kong Stock Strategy: A balanced approach rather than rotation is recommended to cope with a highly volatile environment.
3. CITIC Securities: Current demand in the computing power industry chain remains resilient, and the A-share technology recovery is not yet over.
4. CITIC Securities: PCB/CCL performance was strong in the first half of the year; further growth is expected in the second half. 5. CITIC Securities: Lithium carbonate inventory reduction accelerates, fundamental pricing rebounds.
6. CITIC Securities: The trading characteristics of funds extending duration in the second quarter have continued, but the risk-reward ratio of ultra-long-term investments has changed marginally.
7. CITIC Securities: Domestic computing power will possess both industrial and utility attributes in the future, potentially becoming an important tool for a new round of industrial upgrading and capital formation.
8. China Merchants Securities International: DeepSeek model and Harness framework released, open-source ecosystem leads to continuous improvement in the competitiveness of domestic models.
