China Galaxy Securities says tech-manufacturing leadership rotated from May’s AI+new energy to June’s semiconductors+AI+aerospace, with sector rotation slowing and market leadership narrowing. Combining macro, style and industry signals, it assesses the current backdrop as macro under pressure but with clear structural themes; despite constrained risk appetite, capital is concentrating on manufacturing upgrades, energy security and AI, driving sustained inflows into sci‑tech innovation, semicond

Oil prices fell across the board after a US-Iran peace deal freed substantial crude supplies that demand cannot absorb. Less than three months ago global physical crude benchmarks hit record highs, and until weeks ago industry executives warned inventories were at extremely low levels amid the Iran crisis. Analysts from Morgan Stanley to Goldman Sachs this week warned of a risk of supply overhang next year; Energy Aspects head of oil research Kit Haines said market sentiment is overwhelmingly bearish. Persian Gulf suppliers had begun ramping shipments before the June MOU reopening the Strait of Hormuz, and in the weeks after the deal more than 60 mln barrels of oil that had been trapped by the war flowed into the market.

一名白宫高级官员透露，特朗普今晚将发表一篇具有历史意义的演讲，回顾美国建国二百五十年来的历程，并通过美国英雄的事迹来讲述这段历史。这将是一场独一无二的演讲，与他以往发表过的任何演讲都截然不同。