Foreign
1. Morgan Stanley: It is expected that the Fed's relaxation of leverage requirements will release $185 billion in capital.
2. Goldman Sachs: The probability of oil transportation disruption in the Strait of Hormuz is only 4%, and there is little room for oil prices to rise.
3. State Street Global: Stablecoins will bring huge incremental demand for US Treasuries.
4. Mitsubishi UFJ: Easing geopolitical risks and demand uncertainty may curb oil price increases.
5. Mitsubishi UFJ: The US dollar faces further declines after hitting a 3-year low.
6. Danske Bank: Demand for large US technology stocks has recovered.
7. Allianz International: De-dollarization and US fiscal concerns drive capital back to Asia.
8. UniCredit: The European Central Bank is expected to complete the interest rate cut cycle in September.
9. Capital Economics: Japan's inflation exceeds the target and the Bank of Japan will raise interest rates.
Domestic
1. Kaiyuan Securities: Continue to be optimistic about the securities sector.
2. CITIC Securities: It is expected that the RMB exchange rate may continue to be low-volatility in the short term.
3. CITIC Securities: Telecom business revenue of operators rebounded in May, and we are optimistic about the improvement of operators' fundamentals.
4. Huatai Securities: It is recommended to pay attention to potential opportunities in pet supplies, medical care, services and other sectors.
5. Huatai Securities: It is expected that the net profit margin of the leading snack mass-marketing business will continue to increase in 2025.
