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

请阅读最后评级说明和重要声明 -20%-15%-10%-5%0%5%2023/092024/022024/07000300.SH投资要点 ➢ ➢ ➢ ➢ 2 一、宏观分析 ............................................................................................................................... 4 1.美国：去通胀取得积极进展，就业市场降温 ............................................................................................... 4 2.国内：经济温和运行，出口表现亮眼 .......................................................................................................... 5 二、美联储降息影响 ..................................................................................................................... 7 1.人民币汇率 .................................................................................................................................................. 7 2.资本市场 ...................................................................................................................................................... 8 3.黄金 ............................................................................................................................................................. 9 4.铜 ................................................................................................................................................................. 9 三、投资建议 ............................................................................................................................. 10 1.科技 ........................................................................................................................................................... 10 2.消费 ........................................................................................................................................................... 12 3.公用事业 .................................................................................................................................................... 13 ...................................................................................................................................................... 4 ................................................................................................................................................... 5 ........................................................................................................................................ 5 ...................................................................................................................................................... 6 ...................................................................................................................................................... 6 ...................................................................................................................................................... 7 ......................................................................................................................... 8 ..............................................................................................