At Tuesday's close, STOXX Europe 50 was up just over 9% for 1H and STOXX Europe 600 rose more than 8%. Italy's FTSE MIB gained nearly 15% and Spain's IBEX 35 climbed over 12%. Germany's DAX was up 2%, the UK's FTSE 100 rose 5.7% and France's CAC 40 g

Two weeks after the new Fed chair took office, HASSETT, director of the White House National Economic Council, said the White House would oppose rate hikes. The Fed's preferred inflation gauge is above 4% and the chair has said returning it to 2% is non-negotiable, but HASSETT told Fox Business that using rate increases to curb price pressures would be a mistake. He called the expansion supply‑driven, said the chair has expressed similar views during his campaign, and described hikes in this context as "a macroeconomic mistake." TRUMP has criticized former chair Powell for keeping rates repeatedly higher than he wanted; although the president has said he would give the new chair latitude, HASSETT's remarks signal continued White House interest in Fed policy.

International 1. Citigroup: Nearly 80% of Nasdaq long positions are "trapped," and selling pressure is far from over. 2. Citadel Securities: US retail investors are "buying on dips" at a record pace. 3. OMFIF Survey: Central banks plan to net reduce their dollar holdings for the first time, shifting towards gold. 4. Wells Fargo: US labor demand is broadly stable, with no clear signs of further acceleration. 5. Mizuho: Despite uncertainty in the Middle East, Japanese corporate profits remain resilient. 6. UBS: The Bank of England may keep interest rates unchanged in 2026 and resume rate cuts in February 2027. 7. Rabobank: If the Bank of England keeps interest rates unchanged and political uncertainty persists, the pound may weaken. Domestic 1. CICC: Gold prices may have already over-priced in interest rate hike expectations. 2. CITIC Securities: The overnight reverse repurchase tool has been implemented, clearly indicating the central bank's commitment to maintaining an accommodative stance. 3. CITIC Securities: The manufacturing PMI rebounded slightly in June, and the non-manufacturing sector showed some improvement. 4. Huatai Securities: South Korea's $1.3 trillion strategy has been implemented; focus on positioning global semiconductor equipment companies during the storage cycle. 5. Ping An Securities: The fundamentals of the non-bank financial sector continue to improve, offering high investment value. 6. CITIC Securities: Based on the inflection point of the intelligent driving industry, sub-sectors in the industrial chain, such as robotaxis, intelligent driving chips, and LiDAR, are expected to benefit significantly. 7. CITIC Securities: The current insurance sector presents a mismatch between improving fundamentals and low valuations, highlighting its investment value. 8. Galaxy Securities: Premium growth turned negative in May, while property insurance showed signs of recovery. 9. Galaxy Securities: The market's strong consensus on the AI industry trend will shift from thematic speculation to performance verification.