美联储降息点评：美联储降息周期开启，有助于经济进一步复苏及资本市场信心提振

投资要点 ➢ ➢ 一、宏观分析...............................................................................................................................41.美国：去通胀取得积极进展，就业市场降温...............................................................................................42.国内：经济温和运行，出口表现亮眼..........................................................................................................5二、美联储降息影响.....................................................................................................................71.人民币汇率..................................................................................................................................................72.资本市场......................................................................................................................................................83.黄金.............................................................................................................................................................94.铜.................................................................................................................................................................9三、投资建议.............................................................................................................................101.科技...........................................................................................................................................................102.消费...........................................................................................................................................................123.公用事业....................................................................................................................................................13 ......................................................................................................................................................4...................................................................................................................................................5........................................................................................................................................5......................................................................................................................................................6......................................................................................................................................................6......................................................................................................................................................7.........................................................................................................................8.........................................................................................................8.................................................................................................................8............................................................................................................9.........................................................................................................................................................10 .................................................................................................................................................10...................................................................................................................11...................................................................................................................11...................................................................................................................11...................................................................................................................12 ...................................................................................................................12...................................................................................................................12............................................................................................................13............................................................................................................13..........................................................................................................13..........................................................................................................14 ⚫ ⚫ ⚫ ⚫