Fed's Bostic: Recent optimistic inflation data is due to businesses delaying price increases to gain clarity on the final level of tariffs.

[Futures Hot Spot Tracking] Iron ore futures rose for three consecutive days! Is it an "anti-involution" market or a real improvement in supply and demand?

Foreign 1. Citi: The tariff deadline may be "insignificant" for G10 foreign exchange, but keep an eye on Japan. 2. Morgan Stanley: The Bank of England may accelerate the pace of interest rate cuts in the second half of the year. 3. UBS: There is no risk to the ability of the United States to repay its debts. 4. Moody's: Tariffs and trade uncertainties have increased credit risks in the Asia-Pacific region. 5. Commerzbank: The United States and Vietnam have reached a trade agreement, and it is not surprising that the US dollar is "indifferent". 6. ING: Concerns about the strengthening of the euro seem to be overdone. Domestic 1. CICC: The resilience of non-agricultural data does not support the Fed's early rate cut. 2. CITIC Securities: The trend of small banks buying bonds in the second half of the year will not change. 3. CITIC Securities: It is believed that the central bank still has room to cut interest rates this year. 4. CITIC Securities: It is expected that the Federal Reserve will cut interest rates again at the September interest rate meeting. 5. CITIC Securities: The size of the submarine optical cable market is expected to have a CAGR of 13% from 2025 to 2030. 6. Cathay Pacific Haitong: Rare earth prices are expected to continue to rise. 7. Huatai Securities: Maintain the judgment that the Fed will cut interest rates twice in September-December. 8. Huatai Securities: The national fertility subsidy policy is expected to be implemented within the year. 9. Galaxy Securities: Domestic demand + military trade resonate, and the military industry sector welcomes investment opportunities. 10. Tianfeng Securities: Optimistic about the overall valuation reassessment of Hong Kong stocks under the aggressive + evolution. 11. CITIC Securities: There is still a surplus of milk sources, and the upstream continues to be destocked, and attention is paid to changes in downstream demand.