Understanding the Market | Concept stocks related to CRO rise in early trading, the Fed may start cutting interest rates in September, overseas innovative drug investments are gradually picking up

Concept stocks related to CRO performed strongly in the morning session, with WuXi Biologics up 4.68% and WuXi AppTec up 4.62%. Guotai Junan Securities predicts that the Federal Reserve may cut interest rates by 25 basis points in September, with a total of 3 rate cuts expected. Powell stated that the Fed will support the labor market and monitor inflation. CRO companies are facing performance pressure during the semi-annual report disclosure period, but some companies remain optimistic about investment recovery. In the first half of 2024, global innovative drug financing events decreased by 12.5%, while the financing amount increased by 15.3%, indicating a warming trend in overseas investment