 29000.81%0.63%0.22%3740811.5131.354FOMC252%-2.25%A 图表：部分市场利率及汇率情况0.000%1.000%2.000%3.000%4.000%5.000%6.000%SHIBOR:隔夜 -50.00-30.00-10.0010.0030.0050.0070.0090.00-80.00%-60.00%-40.00%-20.00%0.00%20.00%40.00%60.00%80.00%日均耗煤量:6大发电集团合计（万吨）同比增减-50.000.0050.00100.00150.00200.00250.00300.00-2.00%0.00%2.00%4.00%6.00%8.00%10.00%12.00%粗钢日均产量(万吨）同比增减图表：六大发电集团日均耗煤量图表：重点钢企粗钢日均产量（旬度更新）美国联邦公开市场委员会（FOMC）公布利率决定，将美联储基准利率下调25个基点，将利率区间从2.25%-2.50%调整至2%-2.25%，符合市场预期。FOMC还称，将于8月1日结束缩表计划。韩国贸易部：7月出口额同比下降11%，进口额同比下降2.7%，贸易顺差为24.4亿美元；芯片出口额同比下降28.1%，芯片出口量增长14.9%。资料来源：Wind 0.00%5.00%10.00%15.00%20.00%25.00%30.00%M1同比增速M2同比增速6.00%7.00%8.00%9.00%10.00%11.00%12.00%13.00%14.00%15.00%16.00%社会融资规模存量增速各项贷款余额增速图表：新增信贷情况-10000-5000050001000015000-10000-5000050001000015000货币净投放货币投放货币回笼图表：公开市场投放周度数据（亿元）图表：货币供应量情况资料来源：Wind 1601651701751801851901952002055007009001100130015001700190021002300南华综合指数BDI指数RJ/CRB指数（右轴）46,800.0-0.81%1,466.50.00%9,321.00.34%13,895.0-0.04%65.20.70%4,064.00.02%16,385.0-1.86%58.60.91%4,469.00.00%19,290.0-1.71%29.86.55%972.00.26%112,270.00.78%2,788.0-0.39%7,470.00.00%132,900.0-0.67%5,338.0-1.11%6,975.00.00%3,934.01.34%4,401.0-0.27%10,560.0-0.05%319.5-0.19%13,095.0-0.38%2,040.01.04%2,231.00.00%5,321.0-0.17%3,404.00.65%2019-07-251,485.90.18%1,947.0-3.33%177.9-0.24%2019-07-261,490.90.33%1,937.0-0.51%177.2-0.40%2019-07-291,485.7-0.35%1,922.0-0.77%177.80.34%2019-07-301,494.30.58%1,899.0-1.20%178.40.36%2019-07-311,493.7-0.04%1,868.0-1.63%178.60.07%2019-07-263,852.80.40%-5.82,936.20.38%-3.24,853.40.33%-44.7100.20.00%99.80.02%98.20.04%2019-07-293,842.0-0.28%-12.32,927.4-0.30%-3.14,837.4-0.33%-59.6100.2-0.01%99.7-0.11%98.1-0.17%2019-07-303,863.60.56%-6.72,942.80.53%-1.24,882.00.92%-40.9100.2-0.00%99.70.04%98.10.06%2019-07-313,836.0-0.71%0.62,914.2-0.97%1.54,879.8-0.05%-23.4100.20.04%99.80.14%98.40.25%2019-08-013,798.0-0.99%-5.52,887.2-0.93%-0.74,834.4-0.93%-36.1100.20.00%99.80.01%98.40.06%华鑫证券研究发展部 股票的投资评级说明： 投资建议 预期个股相对沪深300指数涨幅 1 推荐 >15% 2 审慎推荐 5%---15% 3 中性 (-)5%--- (+)5% 4 减持 (-)15%---(-)5% 5 回避 <(-)15% 以报告日后的6个月内，证券相对于沪深300指数的涨跌幅为标准。 行业的投资评级说明： 投资建议 预期行业相对沪深300指数涨幅 1 增持 明显强于沪深300指数 2 中性 基本与沪深300指数持平 3 减持 明显弱于沪深300指数 以报告日后的6个月内，行业相对于沪深300指数的涨跌幅为标准。