A-Share Pre-Market Report | Federal Reserve Keeps Interest Rate Unchanged for the 5th Time, Trump Announces 50% Tariff on Imported Copper Semi-Finished Products
Pre-Market News
1、Ten Major Institutions Interpret the Politburo Meeting: Expected to Implement Loosening Monetary Policy, Stable Prospects Confirmed
Type: Macro
Mood Impact: Positive
Citic Securities expects the central bank to maintain a neutral policy stance; China Galaxy Securities believes that the second half of the year will see interest rate cuts and further monetary easing; and Chang Tai Securities thinks that the meeting's description of "anti-inflation" is moderate, which may lead to a shift from cyclical-driven growth to technology-driven growth.
2、Trump Announces 50% Tariff on Imported Copper Semi-Finished Products, New York Copper Price Plummets by 20%
Type: Industry
Mood Impact: Negative
Trump signs a notice to impose a 50% tariff on imported copper semi-finished products and concentrated copper derivatives starting from August 1. After the tariff announcement, New York copper prices plummeted by around 20%. US media warns that this move may lead to a significant increase in costs for American manufacturers, causing severe blows to the US manufacturing sector.
3、Federal Reserve Keeps Interest Rate Unchanged for the 5th Time, Powell Says Impact of Tariffs on Inflation Still Under Observation
Type: Macro
Mood Impact: Neutral
The Federal Reserve keeps the federal funds target range unchanged at 4.25% to 4.50%, in line with market expectations. Since last December, the Fed has kept interest rates unchanged for the fifth time. Powell says that there is no decision yet on September interest rates and that moderate restrictive policy remains suitable, while the impact of tariffs on inflation still needs to be observed.
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