5 月份，行业运行整体表现一般。行业融资规模有所 下滑，1～5 月，行业共融资 146.97 亿元，同比降幅 54.34%。货币市场利率延续低位，“宝宝类”产品收益率普遍降至 3%以下。第三方移动支付市场格局较为稳定，支付宝和腾讯金融依然保持 90%以 上的集中度。网贷方面，1～5 月，P2P 网贷月成交量 4862.75 亿元， 同比下滑 47.4%；贷款余额环比降幅为 2.42%。5 月，行业活跃投资 人数和借款人数分别同比减少 47.61%和 40.32%；平台平均借款期限 降至 15.66 个月，综合收益率降至 10.08%。 

Cloud spending in Germany was estimated at $6 billion in 2018.The adoption of SaaS is higher than IaaS and PaaS. Around 20% of German Enterprises adopted cloud services in 2018. Could services are expected to grow at a faster rate during the forecast period. Public cloud services dominate the market in Germany. Private cloud services are expected to grow among government agencies, as they plan to make greater use of cloud services in public administration during the forecast period. However, hybrid cloud services have stronger growth potential than private and public cloud services.

Wellness programs have evolved from nice-to-have components in the benefits plan of companies to a universal norm ingrained in the modern corporate work culture. Companies are going the extra yard to incorporate these programs as a low-cost means to battle stress and sickness of employees and improve overall health and wellbeing. The result is a happier and healthier workforce that is marked by low absence and disability claims, thereby improving efficiency and strengthening business performance. Based on the rationale that these programs can reduce the unsustainable healthcare costs that plague the US workforce, corporate wellness platforms have witnessed a rapid ascent post the 1990s. Corporate wellness programs are offering a plethora of activities and services and vary in terms of their designs.

Trucks in Europe account for nearly 22% of vehicular emissions, while making up less than 5% of the total vehicles on the road. Nearly 6.3 million trucks are in use on the EU roads. Among them, nearly 96% run on diesel, about 1% run on petrol, and rest of the trucks run on other fuel types. In May 2018, the European Commission presented a legislative proposal for setting up the first ever CO2 emission standards for heavy-duty vehicles. A provisional agreement was reached on the same, in February 2019. As a first step, these standards are proposed for large lorries, which account for 65-70% of all emissions from heavy-duty vehicles.

Healthcare, retail, banking and insurance, mining, and public sectors are investing significantly in digitalization of their business operations. Digital transformation initiatives are likely to add over $100 billion to the Australian GDP by 2025 . Government agencies are taking initiative to digitize several sectors. For instance, the Australian government is investing around $30 billion on high-speed internet access in multiple cities across the continent. The Department of Health invested $1.4 billion to provide registries, biobanks, and linkage platforms to manage healthcare data.

根据公募基金披露的数据，2019 年二季度，非银板块重仓股数量36.38亿股，较上季末减少0.99 亿股，环比下降2.64%。非银板块重仓股份占所有重仓股数量的7.59%，较上季度末下降0.51pct，在所有行业中排名第二；重仓市值约1246.65 亿元，环比上升7.73%，占所有重仓市值的11.95%，较上季度上升0.01pct，重仓市值排名第二。

建议关注市场份额较大，科创板承销规模靠前，预期2019 年半年报业绩同比增速行业前列，2019 年二季度业绩环比正增长的标的，推荐关注中信证券、华泰证券、海通证券、国信证券、招商证券、东吴证券。

非洲猪瘟疫情将导致中国猪肉供给缺口增加，从而猪价有望持续超预期上涨，替代作用下猪价上涨将带动其他肉制品需求回升，禽肉等动物蛋白价格有望快速上行。 

2019 年二季度煤炭行业在基金的重仓股持仓中占比为 0.29%，环比持平，仍处于历史较低水平，低配幅度达 1.25pcts。另外，基金重仓前三大煤炭股合计比例为78%，环比提升 9.72pcts，龙头聚集效应进一步提升。