CITIC Securities: U.S. macro data remains in the decline range

ChainCatcher news, according to Jinshi Data reports, CITIC Securities research report states that since August, the overseas macro economy continues to show resilience, but still faces challenges such as economic downturn, sticky inflation, and constraints from incremental policies, leading to a slight dovish shift in monetary policy. In the United States, we believe that macro data is still in a downturn range, with economic activities showing signs of early overdraft distortion effects, and the impact of inflation on consumption and residents' lives is beginning to emerge, suggesting that the economy may significantly slow down in the second half of the year.

The Eurozone's economic sentiment has improved to some extent, but it remains in a bottom range under the impact of U.S. tariffs. The Australian economy is less affected by tariffs than the Eurozone, with domestic consumption supporting its economy.

The economies of Japan and South Korea are relatively differentiated; Japan still faces the problem of persistently high inflation, while South Korea's monetary policy has been eased this year, and the short-term effects of tax cuts may not meet expectations.