Li Qiang chaired a State Council executive meeting ordering strict, categorized rectification of audit findings in the 2025 central budget execution and other fiscal revenue and expenditure. Authorities must compile issue-and-remediation lists, assign responsible entities and deadlines, and ensure implementation. Audited units are to acknowledge findings; supervisory departments will strengthen guidance and oversight. Cross-department and cross-regional issues require tighter coordination. The m

China International Capital Co says US inflation remains driven mainly by structural factors such as energy shocks; cyclical inflation is not yet evident. Rising AI-driven capex and improving employment pose upside aggregate-demand risks. Baseline: the Fed will neither cut nor raise rates this year and is expected to keep a hawkish stance. After Wosh takes office his priority will be rebuilding policy credibility; he is more likely to demonstrate resolve by reinforcing expectations for balance-sheet reduction (QT) rather than signaling rate hikes. A 'QT first, delayed cuts' outcome cannot be ruled out and would continue to pressure liquidity-dependent assets and those that benefited from excess dollar liquidity or are misaligned with his policy stance.

A股鋰礦股午後衝高，永杉鋰業觸達漲停，國城礦業、盛新鋰能雙雙漲超7%，天華新能、融捷股份、西藏礦業、永興材料、贛鋒鋰業、天齊鋰業等個股跟漲。