International
1. Citi: The gold bull market is likely to continue in the short term.
2. Citi: Brent crude oil may fall to $60 per barrel by the end of 2026.
3. Citi: The de-dollarization narrative is a mirage lacking economic data support.
4. Societe Generale: After the Fed's decision, the market's focus returns to inflation data.
5. RBC: The European and American exchange rates are expected to rise to 1.24 in the fourth quarter of 2026.
6. Capital Economics: The Fed's rate cut is unlikely to significantly boost commodity prices.
Domestic
1. CITIC Securities: A-share mid-year reports are still bottoming out overall, and overseas markets are a key clue to exceeding expectations.
2. CITIC Securities: Focus on resources, innovative drugs, consumer electronics, chemicals, gaming, and defense.
3. CICC: This round of market activity may be more conducive to a "long-term" and "steady" outlook. 4. Zhongyuan Securities: Domestic computing chips are experiencing a significant moment, surpassing both supernode and cluster levels.
5. CITIC Securities: my country's policy direction is expected to remain primarily focused on fiscal and monetary expansion during the 15th Five-Year Plan period.
6. CITIC Securities: Demand for perovskites and solid-state batteries is catalyzing investment opportunities in the iodine industry chain.
7. CITIC Securities: The overall performance of the electronics industry is expected to continue its growth trend under normal demand in Q3 2025.
8. Huatai Securities: Positive feedback from the capital market continues.
9. Minsheng Securities: The industrialization of humanoid robots is experiencing multi-dimensional resonance, and the implementation of application scenarios is accelerating.
10. Galaxy Securities: We recommend four main themes to seize investment opportunities in the construction industry during the 15th Five-Year Plan period.
