2018年6月海通证 券研究所向外发送报告清单1

2018年6月海通证 券研究所向外发送报告清单1

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时间:2018-07-16

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1、类型作者标题日期摘要patents,bothrankingsecondintheworldandloweronlythantheUnitedStates.Secondly,emergingsectorsarebooming.In2016and2017,thevalue-addedgrowthratesofstrategicemergingsectors,high-techsectors,andequipmentmanufacturingsectorsallexceeded10%,farhigherthantheaveragein

2、dustrialgrowthrateof6%.Weeklyscan(5.21-5.25):Overseas:USFed’sMaymeetingminutesshowdovishstance,Eurozone’sMayPMIreachesnewlow.TheminutesoftheFed’sMaymeetingshowedthatthemajorityofFedofficialsbelieveitissuitabletoraiseinterestratessoon,andthatinflationslightlyexceeding

3、thetargetlevel“maybehelpful”.FederalReserveChairmanPowellsaidinaspeechlastFridayinSwedenthattheforward-lookingguidanceisveryusefulinthecrisis,buthebelievesthatitsfuturerolewillbemuchsmaller.LastWednesday,preliminaryreadingsofEurozone,Germany,andFrancePMIsforMayweresu

4、ccessivelyannounced.WithexceptiontoFrancemanufacturingPMI,therestofthedatawerelowerthanexpected,andhitnewlowsofmorethanoneyear.Economy:industrialproductionisstillbooming.InApril,thetotalprofitgrowthofindustrialenterprisesreboundedto21.9%year-on-year,mainlyattributabl

5、etotheaccelerationofindustrialproductionandsalesgrowth,areboundofPPI,aslowdowninfinancialexpensesgrowthandarelativelylowbase.InApril,thegrowthofmainbusinessrevenueofindustrialenterprisesreboundedto10.4%,drivingdowngrowthofindustrialfinishedproductinventoriesto5.5%.Th

6、edemandsideisstillrelativelyweak.Inthelast10daysofMay,thedeclineinpropertysalesgrowthnarrowed.However,overallrealestatesalesinMayremainedsluggish.InthefirstthreeweeksofMay,growthratesofwholesaleandretailsalesofpassengervehiclesdecreased.Industrialproductionstayedstro

7、ng.Inthefirst10daysofMay,crudesteeloutputgrowthatkeyproducersrebounded,andpowercoalconsumptiongrowthcontinuedtorise类型作者标题日期摘要duringthefirst25daysofMay.Prices:inflationtrendsarestilldivided.Lastweek,overallfoodpricedroppedby0.8%fromthepreviousweek.SinceMay,foodpricesm

8、onitoredbytheMinistryofCommerceandtheMinistryofAgriculturehavefallenby2.3%and3%respectivelyMoM.WeexpectMayfoodpricestofallby1.5%mon

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