Trump: Nick Adams will be nominated as the next US ambassador to Malaysia.

Ukrainian President Volodymyr Zelensky said Russia launched 18 missiles and about 400 drones in the overnight attack.

Abroad 1. JPMorgan Chase: Trump's new tariffs will raise the average US tax rate to 14.6%. 2. Goldman Sachs: The US dollar may once again trade as a "riskier" currency. 3. Citi: The window for exporting copper to the United States may close in the rest of 2025. 4. Citi: The Fed's minutes may echo Powell's testimony, and the "wait-and-see" period may end in late summer. 5. UBS: Long positions in US Treasuries have been closed, waiting for higher yields to enter the market again. 6. Standard Chartered: Reserve managers seem to be deliberately increasing their holdings of US dollars. 7. Barclays: High tariffs may lead to higher drug prices and shortages in the United States, and consumers will bear the brunt. 8. State Street Global: US Treasuries and US dollars have been sold off historically, and funds are pouring into other safe-haven markets. 9. OCBC Bank of Singapore: The global order is reshaped, and inflation and interest rates will rise in the next few years, and the US dollar will weaken. 10. Rabobank: The US dollar has rebounded, and the euro is expected to rise to 1.20 in the medium and long term. Domestic 1. CITIC Securities: Pay attention to the sector allocation opportunities under the background of copper prices returning to the long-term logic. 2. CITIC Construction Investment: Global funds are rebalancing, and the pressure of outflow from US stocks continues. 3. CITIC Securities: Pay attention to the trend of risky assets in July and seize the layout opportunities after the adjustment of the bond market. 4. Huatai Securities: The "anti-involution" policy is beneficial to the medium and long-term performance of pig prices. 5. Huatai Securities: The urgency of photovoltaic glass anti-involution is relatively strong, and leading companies are expected to take the lead in reducing production. 6. Tianfeng Securities: Storage prices have strong momentum in Q3-Q4. 7. Everbright Securities: OPEC+ has accelerated production beyond expectations, and the oil transportation boom is expected to pick up in the second half of the year.