Internationally
1. JPMorgan: Maintains a bearish view on US Treasury duration, but the bearish bias has weakened.
2. JPMorgan: Strong PMI data and energy factors are likely the main reasons for the recent bond sell-off.
3. Goldman Sachs: Expects the exchange rate to rise to 150 in the next 12 months, with capital inflows and the Bank of Japan's rate hike supporting the exchange rate.
4. Morgan Stanley: Expects the Bank of England to raise interest rates by 25 basis points each in November and February next year.
5. Bank of America: Energy prices are pushing up inflation; expects the European Central Bank to raise interest rates by 25 basis points in December.
6. Jefferies: Inflation and budget deficits may continue to put pressure on long-term bonds.
7. Apollo: Record diesel prices pose a greater inflation challenge for the Fed.
8. BNP Paribas: The Fed is unlikely to repeat the rate hike cycle of 2022-2023.
9. Mitsubishi UFJ Morgan Stanley Securities: With rising expectations of a Fed rate hike, the Bank of Japan may accelerate its rate hike pace.
Domestically:
1. CITIC Securities: Maintains its judgment that the A-share market will be volatile this year, with the period around the Q3 earnings reports representing the last window of opportunity for upward movement.
2. CITIC Securities: Recommends Hong Kong stock investors prioritize high-quality sectors with strong defensive attributes and stable dividends, such as the power industry.
3. CITIC Securities: Advanced intelligent driving technology is rapidly penetrating the market, and the entire industry chain continues to benefit.
4. CICC: Rising energy prices may drive exports of intermediate goods.
5. Huatai Securities: Within the technology sector, prioritize optical communication, PCB, and some leading domestic computing power companies.
6. Guojin Securities: Market trend opportunities remain unclear; structural responses remain the main strategy.
