CITIC Securities: US macroeconomic data remains in a downward trend

ChainCatcher News, according to Golden Ten Data, a research report from CITIC Securities stated that since August, the overseas macroeconomy has remained resilient, but still faces challenges such as economic slowdown, sticky inflation, and constraints on incremental policies, with monetary policy turning slightly dovish. In the United States, we believe that macro data is still in a downward range, economic activity has shown signs of premature overdraft and distortion effects, and the impact of inflation on consumption and residents' lives has begun to emerge. The economy may slow significantly in the second half of the year.

Meanwhile, the eurozone economy has seen some improvement, but remains at the bottom range due to the disturbance of US tariffs. The Australian economy is less affected by tariffs compared to the eurozone, and domestic consumption supports its own economy.

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