International
1. Deutsche Bank: Gold's continued record highs indicate lurking panic in the stock market.
2. Swissquote: Milan's "150 basis point" rate cut announcement had little impact, with the market voting with its feet.
3. ING: We maintain a neutral view on US Treasuries in the short term and are looking for opportunities to short 10-year Treasury bonds.
4. JPMorgan Chase: The Bank of England may cut interest rates in December, but the probability is low.
Domestic
1. CICC: The deposit migration trend continues, but at a slower pace.
2. Huatai Securities: The "Eastern Rise, Western Decline" trend in the Chinese semiconductor equipment market may accelerate in the second half of the year.
3. CITIC Securities: Congo (Kinshasa) announces cobalt export quotas, and cobalt prices may rise strongly.
4. CITIC Construction Investment: We are optimistic about robots returning to the main technology growth investment theme.
5. CITIC Securities: Road testing of all-solid-state batteries has begun, with attention focused on interface improvements and in-vehicle pressure increases. 6. CICC: Global power grid investment will exceed $400 billion in 2025, and the high prosperity will continue.
7. Galaxy Securities: Positive fundamentals for banks continue to accumulate, mid-term performance is improving, and a turning point is expected.
8. Galaxy Securities: We remain optimistic about computing power-related PCBs, domestic computing power, IP licensing, chip inductors, etc. in the second half of the year.
9. Everbright Securities: Domestic construction machinery sales in August were not slow, and the domestic sales of non-excavator products have recovered significantly.
