CITIC Securities International: It is expected that there will still be two rate cuts in the U.S. this year, and the Hong Kong stock market has significant upside potential in the medium to long term
CITIC Securities International issued a report indicating that the Federal Reserve has lowered interest rates by 25 basis points to 4.00-4.25% as expected. This rate cut is considered a preventive measure rather than a recessionary one. The firm anticipates two more rate cuts within the year, with reductions of 25 basis points at the end of October and December. CITIC Securities International expects significant volatility in the Hong Kong stock market after a rebound, with greater elasticity and substantial upside potential in the medium to long term; it recommends AI and internet sectors, small and mid-cap growth, non-ferrous metals, and bottom-up selected innovative drugs, as well as the China-U.S. mapping chain (home appliances, consumer electronics). The firm predicts short-term fluctuations in the U.S. stock market, with a medium to long-term upward trend; it recommends technology and growth stocks, non-ferrous metals, interest rate-sensitive sectors (real estate chain, discretionary consumption), and cyclical sectors (finance, industrials). The firm has raised its GDP growth forecast for the U.S. for this year and the next three years, while lowering its unemployment rate expectations for the next two years
According to the Zhitong Finance APP, China Merchants Securities International issued a report stating that the Federal Reserve has lowered interest rates by 25 basis points to 4.00-4.25% as expected. This rate cut is considered a preventive measure rather than a recessionary one. The firm anticipates two more rate cuts within the year, with reductions of 25 basis points at the end of October and December.
China Merchants Securities International expects significant volatility in the Hong Kong stock market after a rebound, with greater elasticity and substantial upside potential in the medium to long term; it recommends AI and internet sectors, small and mid-cap growth stocks, non-ferrous metals, and selectively innovative drugs from the bottom up, as well as the China-U.S. mapping chain (home appliances, consumer electronics).
The firm predicts short-term fluctuations in the U.S. stock market, with a medium to long-term upward trend; it recommends technology and growth stocks, non-ferrous metals, interest rate-sensitive sectors (real estate chain, discretionary consumption), and cyclical sectors (finance, industrial). The firm has raised its GDP growth forecast for the U.S. for the next three years and lowered its unemployment rate expectations for the next two years
