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20:28:55

Berkshire Hathaway announced that as of June 30, its five largest holdings were American Express, Apple, Bank of America, Coca-Cola and Chevron.

20:00:23

Inflation Rebounds, But Will the Bank of England Cut Interest Rates? A Big Gamble is Underway. ⑴ The Bank of England is about to hold its interest rate meeting, and the market is closely watching its policy direction. ⑵ The market generally expects the Bank of England to cut interest rates by 25 basis points, bringing the rate to 4.0%. ⑶ Data shows that the GBP Overnight Index Swap (GBP OIS) indicates an 82% probability of this scenario. ⑷ However, inflationary pressures in the UK intensified in June, creating uncertainty about the Bank of England's easing policy. ⑸ UK employment data for May was also mixed, with a significant increase in employment but a slight rise in the unemployment rate. ⑹ If the Bank of England cuts interest rates as expected, market focus will shift to its forward guidance. ⑺ Market traders are generally dovish, and if the Bank of England sends a more dovish signal, it could lead to further weakening of the pound. ⑻ Furthermore, the UK government's fiscal difficulties, such as new taxes and spending cuts, could exacerbate market concerns, putting pressure on the pound.

19:59:27

The Eurozone is caught in a "double bind," with the US-EU trade agreement unbalanced. Can the euro still hold up? ⑴ The US and the EU reached a framework for a trade agreement, but the market generally sees the deal as unfavorable to the EU. ⑵ Under the agreement, EU products entering the US will face a 15% tariff, with tariffs on steel, aluminum, and copper reaching as high as 50%. ⑶ In contrast, the EU will eliminate tariffs on US products. ⑷ The agreement also requires the EU to invest an additional $200 billion annually and purchase $250 billion in US energy products annually over the next three years. ⑸ Markets viewed the agreement as unfair to the EU, causing the euro to fall sharply against the US dollar after the agreement was announced. ⑹ Although the EU avoided the 30% tariffs that Trump had threatened, its trade opportunities with China may be limited. ⑺ Regarding monetary policy, the European Central Bank decided to keep interest rates unchanged, with markets expecting no rate hikes before the end of the year. ⑻ Macroeconomic data showed that eurozone GDP growth slowed significantly in the second quarter, but business conditions and economic sentiment improved in July. ⑼ Traders need to pay attention to the upcoming service industry PMI, PPI and retail sales data to find more clues about the direction of the Eurozone economy.

19:09:26

Behind the Yen's Plummet: Is the US-Japan Trade Deal Failed? Can Hawkish Central Bank Rhetoric Reverse the Tide? ⑴ The yen has recently fallen sharply against the US dollar, raising market doubts about the US-Japan trade deal's ability to boost the Japanese economy. ⑵ Investor expectations for a Bank of Japan rate hike by the end of the year are only 70%. ⑶ At its July meeting, the Bank of Japan did not signal a strong tightening policy. ⑷ Traders are awaiting wage growth and household spending data due this week. ⑸ Strong June wage and consumption data could reignite market bets on a Bank of Japan rate hike, providing support for the yen. ⑹ In addition, the Bank of Japan's summary of its meeting, released this Friday, will also attract significant attention. ⑺ If the summary is more hawkish than Governor Ueda's previous statements, the yen exchange rate is expected to receive a boost. ⑻ Elsewhere, Chinese trade data and New Zealand's quarterly employment data are also likely to attract attention. ⑼ Of particular note, the Reserve Bank of New Zealand's latest inflation expectations will directly impact market speculation of a rate cut.

18:38:38

[US-Canada trade negotiations are in trouble, is the Canadian dollar on the verge of death?] ⑴ Under Trump's tariff policy, trade relations between the United States and Canada remain tense. ⑵ The United States imposed a 35% tariff on Canadian goods not included in the USMCA agreement. ⑶ This move has caused the Canadian dollar to fall to a two-month low against the US dollar. ⑷ At the same time, the Bank of Canada is facing a dilemma between rising inflation and a slowing economy. ⑸ Although Bank of Canada Governor Macklem said that potential inflation may gradually subside, he also hinted that further interest rate cuts may be needed if the economy continues to weaken. ⑹ The market will closely monitor the upcoming July employment report, which will be a key indicator of the economic direction. ⑺ If the employment data is strong, it may reduce the need for the central bank to cut interest rates immediately, thereby providing support for the Canadian dollar. ⑻ Conversely, if the data is weak, it will increase pressure on the central bank to ease monetary policy, and the Canadian dollar may face further downside risks.

18:38:08

The trade war escalates again, with US-Mexico-Canada (USMC) negotiations at a stalemate. Could global markets be poised for significant volatility? ⑴ Although the US has reached agreements with several major trading partners, trade uncertainty persists. ⑵ Investors are closely monitoring ongoing trade negotiations between the US, Canada, Mexico, and other countries. ⑶ Mexico has secured a tariff extension, but Canada has not and now faces a 35% tariff. ⑷ Meanwhile, the trade truce agreement between the US and China expires on August 12, and no new agreement has yet been reached. ⑸ In addition, the US has imposed tariffs of at least 10% on other countries worldwide, including 39% on Switzerland and 25% on India. ⑹ Although the new tariffs don't take effect until August 7, the market is already realizing their severity. ⑺ These tariffs could have a more severe than expected impact on US domestic inflation and the global growth outlook. ⑻ Traders should be vigilant, as a new round of tariff-related market volatility could occur at any time. ⑼ Negative trade news may also affect market confidence in the US economy, leading to weak demand for Treasury issuance and thus pushing up long-term bond yields.

18:12:03

[US-Canada trade negotiations have reached an impasse, is the Canadian dollar facing a life-or-death test?] ⑴ The Bank of Canada held its overnight interest rate steady at 2.75% at its recent meeting. ⑵ The central bank's statement primarily focused on the potential impact of US tariffs on the Canadian economy. ⑶ Although the Canadian economy has shown some resilience, the central bank remains cautious on monetary policy. ⑷ Market expectations currently suggest the Bank of Canada will maintain interest rates until the end of the year, which may provide support for the Canadian dollar. ⑸ US-Canada trade negotiations are a key factor influencing the Canadian dollar, and the current outlook for the negotiations is not optimistic. ⑹ Trump's tariff policy and Canada's stance on Palestinian statehood have complicated the negotiations. ⑺ If the negotiations reach an impasse or tensions escalate, the Canadian dollar may face downward pressure. ⑻ In addition, rising oil prices may provide some support for Canada, a major oil producer. ⑼ Canada is about to release July employment data. If the labor market tightens, it may further support the Canadian dollar; otherwise, it will increase pressure on the central bank to ease monetary policy.

18:05:42

Fujifilm Camera Prices in the US Increase by Up to 15%, Is a Tariff Storm Sweeping Japanese Manufacturing? ⑴ Impacted by tariffs, Japan's Fujifilm Corporation announced it will raise prices for some of its products in the US starting August 1st. ⑵ The price increase could be as much as 15%. ⑶ The US and Japan previously reached a trade agreement, imposing a 15% tariff on Japanese goods imported into the US. ⑷ Starting August 1st, prices for most of Fujifilm's digital cameras and lenses in the US have increased. ⑸ According to data from a camera store website, prices for some Fujifilm camera bodies and lenses have increased by between $100 and $800. ⑹ The price of one digital camera increased from $1,299 to $1,499, an increase of over 15%. ⑺ Reports indicate that other camera manufacturers have also recently increased prices for several of their products in the US. ⑻ This phenomenon demonstrates that Trump's tariff policy is having a substantial impact on Japan's manufacturing industry. ⑼ The tariff crisis has also sparked market concerns about the outlook for other Japanese exports.

17:57:41

[US Crew Dragon Spacecraft Docking with International Space Station] A SpaceX Dragon spacecraft carrying four astronauts arrived at the International Space Station and completed an automated docking early on the morning of the 2nd, Eastern Time. The Dragon spacecraft launched from the Kennedy Space Center in Florida aboard a Falcon 9 rocket on the 1st, Eastern Time. After approximately 15 hours of flight, the spacecraft automatically docked with the International Space Station at 2:27 a.m. Eastern Time on the 2nd (2:27 p.m. Beijing Time on the 2nd). This mission, codenamed "Crew-11," marks the 11th time a Crew Dragon spacecraft has delivered a rotation of astronauts to the International Space Station. The four astronauts are American astronauts Zena Cadman and Mike Fink, Japanese astronaut Kamemi Yui, and Russian cosmonaut Oleg Platonov. After the astronauts complete the handover, the Dragon spacecraft will return the four astronauts from the "Crew-10" mission to Earth. (Xinhua News Agency)

17:18:13

The US dollar's defenses collapsed! The non-farm payroll report triggered a 1.06% plunge, with the euro, yen, and Canadian dollar under siege from three directions. Details>

15:24:28

50 bullets fired, 800 rounds of spare ammunition found in car: What's the story behind the Manhattan shooting? ⑴ On July 28th, a shooting occurred in a high-rise office building in Manhattan, New York, attracting widespread attention. ⑵ New details released by the New York police reveal that the gunman fired nearly 50 bullets from a rifle during the attack. ⑶ On the 33rd floor of the building, police found 24 bullet casings and 15 bullet fragments. ⑷ Elsewhere, 23 more bullet casings and 13 bullet fragments were found. ⑸ Further police search revealed an additional 800 rounds of ammunition and a handgun hidden in the gunman's car. ⑹ This suggests the gunman may have carefully planned and was preparing for a more prolonged attack. ⑺ Investigators are still working to uncover the gunman's specific motive. ⑻ This incident may reignite market concerns about US social security and exacerbate risk aversion.

14:47:37

The Bank of England faces a dilemma: rising inflation and a slowing economy. Where should UK interest rates go? ⑴ The Bank of England (BoE) faces a difficult balancing act with its upcoming interest rate decision. ⑵ Policymakers need to strike a balance between curbing inflationary pressures and supporting economic growth. ⑶ Data showed that the UK's core CPI rose year-on-year in June, bringing the overall inflation rate to 3.6%. ⑷ The British Retail Consortium warned that food inflation could reach 6% by the end of the year, exacerbating the BoE's concerns. ⑸ Despite rising inflation, the UK's economic outlook is deteriorating, with GDP declining in both April and May. ⑹ Chancellor Reeves' Autumn Budget has led to job cuts, with job vacancies falling to their lowest level since 2021. ⑺ BoE Governor Bailey has recently signaled a dovish tone, suggesting there may be a case for a rate cut. ⑻ The market generally expects the BoE to cut interest rates by 25 basis points in a "gradual and cautious" manner. ⑼ However, the vote could be divided, with some members potentially supporting a bolder rate cut. ⑽ This disagreement may bring uncertainty to the pound, and traders need to pay close attention to the final voting results.

11:09:07

[A political storm is brewing again, with Trump resurrecting past issues. Will Hillary and Obama face a reckoning?] ⑴ US President Trump has again issued remarks targeting former Secretary of State Hillary Clinton and former President Barack Obama. ⑵ He believes both should pay a heavy price for the so-called "Russiagate" scandal. ⑶ Trump's remarks have once again brought the political controversy from the 2016 election back into the public eye. ⑷ However, Trump also made it clear that the final decision on whether to launch a criminal investigation rests with the Department of Justice. ⑸ This statement suggests that Trump is using his office to exert pressure on his political opponents. ⑹ This may fuel risk aversion in the market, raising concerns about the future political environment. ⑺ Trump's move is intended to consolidate his political base and gain greater advantage in the current complex political landscape.

11:08:08

[Yuyuan Tantian: The Boomerang Effect of US Tariffs Begins to Emerge] On August 1st, local time, the US stock market closed lower, wiping out over $1 trillion in market value. This was related to the latest US tariff announcement, demonstrating the impacts of US tariff policies are reverberating one after another. Boomerang One: On August 1st, local time, US President Trump announced that he would fire Erica McEnthaler, Director of the US Bureau of Labor Statistics. This was due to data released by the US Department of Labor showing a slight increase in the US unemployment rate in July, along with a significant downward revision to job growth figures for May and June. This was the first major economic indicator to signal that the US economy was in danger. Boomerang Two: On the afternoon of August 1st, local time, Federal Reserve Board Governor Adriana Kugler unexpectedly announced her resignation, which some analysts believe may be related to the disappointing employment data. Boomerang Three: The Yale Budget Lab stated that the US government's newly announced tariffs are the highest in nearly a century, and the average American household will lose approximately $2,400 this year. Combined with US employment data released on Friday, this is the latest sign that American families will face even more difficult economic conditions in the coming months.

11:07:01

[Changed his tune again? Trump says he hopes to release all documents related to the Epstein case] On August 1st, local time, US President Trump said in an interview with US media that he "hopes to release all documents related to the Epstein case." Trump said he wants to make all the information public, but does not want anyone to be harmed or implicated. Trump also said that if the person in possession of the documents truly had information related to him, it should have been released before the presidential election. (CCTV News)

11:06:27

YouGov poll: Most Americans believe tariffs hurt American consumers, only 22% blame foreign manufacturers

10:56:00

The global trade system is in turmoil. Have Trump's new tariffs triggered a strong backlash from many countries? ⑴ On July 31st, US President Trump signed an executive order announcing new tariff rates for 69 trading partners. ⑵ These new tariffs, which will take effect on August 7th, immediately sparked opposition and concern from many governments. ⑶ German Chancellor Merz stated that the current tariff agreement is causing "pain" for European industry. ⑷ He emphasized that the EU is reluctant to provoke a full-scale trade dispute, as this would only result in everyone being a loser. ⑸ The Swiss President expressed shock at the 39% tariff rate, noting that it overturned the previous trade agreement reached between the two countries. ⑹ The new tariff policy not only impacts Swiss manufacturing but could also have a knock-on effect on the global economy. ⑺ Brazilian Finance Minister Ada stated that despite exemptions for some products, many unreasonable tariffs remain. ⑻ Brazil will initiate trade negotiations and, if unsuccessful, will appeal to international organizations such as the WTO. ⑼ South African President Ramaphosa also promised to safeguard national interests through all diplomatic efforts and continue negotiations on the 30% tariff issue.

10:52:02

The trade war flares up again, with Trump's new tariffs sweeping the globe. How will the market react? ⑴ On the eve of the new round of tariffs taking effect, the Trump administration released another tariff table. ⑵ This new table shows that the United States will impose tariffs ranging from 10% to 41% on approximately 70 countries and regions worldwide. ⑶ The new policy will officially take effect on August 7th, and almost no country will be spared. ⑷ Even Japan, South Korea, and the European Union, which have already reached trade agreements with the United States, will face a 15% tariff. ⑸ India, which has not yet reached an agreement, will face a 25% tariff, while Syria's tariffs will reach as high as 41%. ⑹ In addition, Trump also signed a separate executive order raising tariffs on Canadian exports to the United States from 25% to 35%. ⑺ Some analysts believe that this self-centered US trade arrangement deviates from existing WTO principles. ⑻ Experts point out that the new US tariff policy may exacerbate the fragmentation of global supply chains. ⑼ This series of tariff measures will undoubtedly intensify market risk aversion and pose a severe challenge to the global trade system.

10:51:03

Nintendo: Switch console prices to adjust in the US based on market conditions. Nintendo announced on August 1st that, starting August 3rd, pricing for the Switch console and other products in the US will be adjusted based on market conditions. This includes the Switch console, Switch OLED, Switch Lite, and some Switch accessories. Prices of some Switch 2 accessories and the Nintendo Alarmo alarm clock will also be adjusted. Nintendo stated that pricing for the Switch 2 console, physical and digital games, and Switch Online memberships will remain unchanged for now, "but please note that future price adjustments may be necessary."

10:44:59

[Trump cuts funding, is American public media facing a life-or-death crisis?] ⑴ The Corporation for Public Broadcasting (CPB) announced on August 1st that it would close in the coming months. ⑵ This decision stems from the Trump administration and Congress completely terminating its federal funding. ⑶ CPB is a critical source of funding for nearly 1,500 local public media outlets in the United States, including NPR and PBS. ⑷ In May of this year, Trump signed an executive order halting funding for CPB. ⑸ Subsequently, Congress approved the recovery of $1.1 billion in already allocated funds. ⑹ In its fiscal year 2026 budget draft, the Senate Appropriations Committee completely eliminated funding for CPB for the first time. ⑺ Despite a massive public petition, CPB President Patricia Harrison stated that the company had no choice but to face the reality of the closure. ⑻ Most staff positions will be terminated by the end of September, with only a small transition team remaining. ⑼ Some media executives warned that this move would severely weaken emergency broadcasting capabilities in remote areas and pose a potential threat to public safety.

10:44:07

[Massive political donations revealed: Musk spends another $15 million. What's his intention?] ⑴ According to newly disclosed campaign finance reports, billionaire Musk has made another donation. ⑵ On June 27th, he donated $5 million to each of three pro-Republican political action committees. ⑶ This total of $15 million makes him the largest individual donor in the first half of 2025. ⑷ This move once again highlights Musk's significant influence in American politics. ⑸ The tech tycoon previously donated $290 million to support Trump and the Republican Party in the 2024 presidential election. ⑹ Although he left the White House in May of this year, he has clearly not retired from the political arena. ⑺ Behind this massive donation, Musk's political leanings and future plans have once again attracted significant market attention. ⑻ Traders should be wary of the potential impact of such events on related companies and macroeconomic policies.

09:16:42

[High-Price High-Speed Rail Dream Shattered: $26 Million in Funding Withdrawn, Is a Massive Infrastructure Project in Danger of Unfinished Work?] ⑴ The U.S. Department of Transportation announced on August 1st that it had officially canceled funding for a high-speed rail project between Washington and Baltimore. ⑵ The project, long stalled, had a total of $26 million in funding canceled. ⑶ The DOT cited "poor planning for nearly a decade" as the reason for the cancellation. ⑷ The project also faced significant community opposition and cost overruns, and had made no progress. ⑸ The environmental review for the proposed $20 billion superconducting maglev project has been suspended since 2021. ⑹ The project's stagnation, despite significant investment, highlights the numerous obstacles facing large-scale infrastructure projects in the United States. ⑺ This incident may spark market concerns about the efficiency and investment prospects of U.S. infrastructure development. ⑻ Trump's infrastructure ambitions have encountered significant challenges in reality.

09:16:29

[Tariff Shockwaves Hit, US Transportation Sector Suffers a Black Week] ⑴ Under the impact of Trump's tariff policies, the US transportation sector had a dismal week. ⑵ The Dow Jones Transportation Average closed down 2.21%, bringing its weekly decline to 7.70%. ⑶ This marked the index's worst weekly performance since market panic took hold in early April. ⑷ Financial reports from several transportation companies indicate that future operational challenges remain severe. ⑸ Among individual stocks, ArcBest fell 18.66% this week, and Old Dominion Freight Line Inc. fell 15.11%. ⑹ Saia fell 12.15% this week, and FedEx fell 10.73%. ⑺ Union Pacific Railroad fell 2.38% this week, marking its fourth consecutive week of decline. ⑻ Although Norfolk Southern fell 2.19% this week, its long-term trend has remained in an upward trend since April. ⑼ Market concerns about the tariff war are being reflected in the performance of specific sectors.

08:51:29

[Putin: Russian troops are advancing along the line of contact] On August 1, local time, Russian President Putin stated that the Russian army is advancing along the line of contact and that the Russian army had completely controlled the important town of Chasov Yar in the Donetsk region a few days ago. Putin said that the Ukrainian leadership was not aware of the situation on the front line, so they denied the news that the Russian army had controlled Chasov Yar. Putin also said that the first batch of mass-produced models of Russia's latest hypersonic medium-range ballistic missile "Hazel" has been completed and delivered to the troops. In November 2024, after Ukraine used US and British missiles to attack Russian territory, Russia launched the "Hazel" hypersonic ballistic missile at Ukraine. Russia said that the missile can attack targets at a speed of Mach 10. (CCTV News)

08:28:37

[50% Tariffs Under Pressure! Brazilian President "Can Call Anytime," What's Trump Up To?] ⑴ US President Trump said Brazilian President Lula da Silva could call him anytime to discuss tariffs and friction between the two countries. ⑵ Trump said he likes the Brazilian people, but "the people who run Brazil are doing the wrong thing." ⑶ He announced tariffs of up to 50% on Brazil to counter what he called a "political persecution" against former President Jair Bolsonaro. ⑷ Brazilian Finance Minister Haddad called Trump's remarks "very good" and believed Lula shared the same view. ⑸ Lula posted on social media that Brazil has always been open to dialogue, but he did not directly mention Trump. ⑹ Lula had previously criticized Trump's sanctions and tariffs as "unjustified" and "unacceptable" interference. ⑺ Haddad revealed that his online meeting with the US Treasury Secretary would pave the way for an eventual meeting between Lula and Trump, but noted that this would require thorough preparation. ⑻ Haddad said earlier this week that Brazil needs assurances that Lula will not be treated like Ukrainian President Volodymyr Zelensky. (Refinitiv)

08:09:38

Did July's non-farm payroll data trigger a "seismic shift"? Trump fires Labor Department chief, potentially shifting market sentiment. ⑴ US President Trump ordered the dismissal of the director of the U.S. Bureau of Labor Statistics, citing weaker-than-expected July employment data. ⑵ Data showed only 73,000 new jobs added in July. ⑶ Meanwhile, employment data for May and June were significantly revised downward, resulting in a combined decrease of 258,000 jobs compared to previously reported figures. ⑷ Economists attribute the significant slowdown in job growth to the Trump administration's trade and immigration policies. ⑸ Uncertainty surrounding trade tariffs makes long-term planning difficult for businesses. ⑹ Trump accused the fired official of fabricating data, but he offered no evidence. ⑺ The Bureau of Labor Statistics is responsible for compiling the highly anticipated employment report and consumer and producer price data. ⑻ Trump also targeted the Federal Reserve Chairman, believing he should also be fired.

05:42:28

When asked about the revenue from the tariffs, U.S. President Trump declared that he wanted to use it to pay down the debt. (Refinitiv)

05:18:19

Vance and the Labor Department touted US jobs data, earning Trump's dislike. U.S. Vice President Cyril Vance and Labor Secretary Lori Chavez-DeRemer attempted to put a positive spin on weak jobs data. Vance retweeted a chart on Twitter showing an increase in the number of native-born workers and a decrease in the employment rate for foreign-born workers, claiming this was a result of the Trump administration's immigration policies. Chavez-DeRemer stated that while the data revisions were unexpected, job growth has remained positive since Trump returned to the White House, claiming that nearly 500,000 new jobs have been created since Trump took office, in sectors such as healthcare and construction. However, hours later, their boss, Trump, fired the person overseeing the data and claimed, without evidence, that the dismal report was politically motivated. (Refinitiv)

05:17:10

Trump said he would consider distributing tariff revenue to the American people in the form of "dividends." (Refinitiv)

05:07:54

Trump said the relationship between the United States and South Korea is good. (Refinitiv)

04:59:25

At the end of New York trading on Friday (August 1), the Japanese yen soared by more than 2.2% on the non-farm payrolls day, and the US dollar fell 2.23% against the Japanese yen to 147.36 yen, with a cumulative decline of 0.21% this week. It continued to fluctuate upward from July 28 to 31, and plunged after the release of the non-farm payroll report on August 1. The overall trading range was 150.92-147.30 yen; the euro fell 0.70% against the Japanese yen to 170.88 yen, with a cumulative decline of 1.49% this week; the pound fell 1.66% against the Japanese yen to 195.786 yen, with a cumulative decline of 1.40% this week.

04:56:40

USD/CNH just broke through the 7.1900 yuan mark and was last at 7.1896 yuan, down 0.21% on the day. USD/CNH was last at 7.1930 yuan, down 0.09% on the day.

04:43:33

Trump mentioned the U.S. Bureau of Labor Statistics and said he is considering three candidates. (Refinitiv)

04:40:21

USD/CHF fell 1.07% and is currently trading at 0.8035.

04:29:47

The euro rose 1.00% against the pound to 0.8726

04:19:11

Federal Reserve data showed that U.S. bank deposits were $18.322 trillion last week, compared with $18.297 trillion the previous week.

04:08:43

Eastman Chemical Co. (EMN)'s stock price closed down 19% after its third-quarter earnings guidance fell short of market expectations, marking the company's worst single-day performance since its U.S. IPO.

04:03:23

The U.S. Securities and Exchange Commission (SEC) said the task force will work to develop AI-enabled tools and systems to responsibly enhance employee capabilities, accelerate innovation, and improve efficiency and accuracy.

03:56:00

After U.S. President Trump announced he would fire the head of the Bureau of Labor Statistics, Labor Secretary Lori Chavez-DeRemer said Deputy Commissioner William Wiatrowski would serve as acting director while a search for a replacement is underway. (Refinitiv)

03:49:44

The US dollar fell 2.25% against the Japanese yen on the day, and is expected to record its biggest single-day drop since January 2023.

03:47:37

Trump called the recent revisions to the Bureau of Labor Statistics data a "total fraud." (Refinitiv)

03:42:22

The yield on the U.S. two-year Treasury bond fell slightly in the short term, hitting a new low for the day at 3.6714%, a sharp drop of 28.36 basis points for the day.

03:38:09

The decline of the US dollar further widened, with the US dollar index falling 1.19% to 98.84.

03:37:05

[Federal Reserve Board Governor Kugler will resign next week, giving Trump an early opportunity to appoint] The Federal Reserve statement shows that Federal Reserve Board Governor Kugler will resign next week, giving Trump an early opportunity to appoint a candidate he favors, who may take up a leadership position in the central bank. Kugler's position was originally vacant in January next year, and there are currently no other vacancies on the seven-member Federal Reserve Board. Now, Trump can immediately appoint a board member who may succeed Powell and use this opportunity to put pressure on Chairman Powell. The statement said that Kugler will step down next Friday (August 8) and return to Georgetown University as a professor. She did not attend the Federal Reserve policy meeting this week. The board said she was absent due to personal matters. Kugler was previously the chief economist of the U.S. Department of Labor and was appointed to the Federal Reserve Board by President Biden in 2023. (Refinitiv)

03:37:01

After the Federal Reserve announced that Governor Kugler would resign on August 8, U.S. Treasury yields fell further, with the 10-year Treasury yield falling 14.6 basis points to 4.214%.

03:36:59

The latest data showed that the yield on the two-year U.S. Treasury bond fell 26.9 basis points to 3.682%.

03:35:56

According to the U.S. Commodity Futures Trading Commission (CFTC), as of the week ending July 29, speculators reduced their net short position in Chicago Board of Trade (CBOT) U.S. 2-year Treasury bond futures by 45,415 contracts to 1,203,237 contracts; increased their net short position in 5-year Treasury bond futures by 41,959 contracts to 2,511,883 contracts; and increased their net short position in 10-year Treasury bond futures by 147,096 contracts to 896,630 contracts.

03:34:48

Data from the U.S. Commodity Futures Trading Commission (CFTC) showed that as of the week ending July 29, stock fund managers increased their net long positions in the Chicago Mercantile Exchange (CME) S&P 500 index by 18,743 contracts to 869,641 contracts, while their net short positions increased by 32,269 contracts to 363,032 contracts.

03:31:32

Data released by the U.S. Commodity Futures Trading Commission (CFTC) showed that the net long position in the euro reached 123,359 contracts in the week ending July 29, 2025.

03:23:08

On August 1st, local time, U.S. Special Envoy for the Middle East, Witkoff, and U.S. Ambassador to Israel, Mike Huckabee, visited a humanitarian aid distribution point in the southern Gaza Strip operated by the U.S.-Israel-backed Gaza Humanitarian Fund. Since late May, this private organization, backed by the United States and Israel, has unilaterally taken over the distribution of aid in the Gaza Strip, bypassing UN agencies. Israeli forces have frequently opened fire on Palestinians near the aid points. (Refinitiv)

03:22:04

At the end of trading in New York on Friday (August 1), the ICE Dollar Index fell 0.92% to 99.051 points on the non-farm payrolls day, but still rose 1.44% this week, with the overall trading range of 97.492 - 100.257 points. It continued to fluctuate upward before the release of the U.S. non-farm payrolls report and plunged sharply after the data was released; the Bloomberg Dollar Index fell 0.71% to 1213.03 points, and rose 1.21% this week, with the overall trading range of 1196.82 - 1224.64 points.

03:14:38

The U.S. Secretary of Labor announced that William Wiatrowski will serve as Acting Director of the Bureau of Labor Statistics.

03:13:34

The US dollar index fell on the 1st. The US dollar index, which measures the US dollar against six major currencies, fell 0.83% that day and closed at 99.139 in the foreign exchange market. As of the close of the New York foreign exchange market, 1 euro was exchanged for 1.1526 US dollars, higher than 1.1427 US dollars on the previous trading day; 1 pound was exchanged for 1.3227 US dollars, higher than 1.3220 US dollars on the previous trading day; 1 US dollar was exchanged for 147.85 Japanese yen, lower than 150.76 Japanese yen on the previous trading day; 1 US dollar was exchanged for 0.8081 Swiss franc, lower than 0.8122 Swiss franc on the previous trading day; 1 US dollar was exchanged for 1.3817 Canadian dollars, lower than 1.3846 Canadian dollars on the previous trading day; and 1 US dollar was exchanged for 9.7156 Swedish kronor, lower than 9.7724 Swedish kronor on the previous trading day.

02:50:54

The yield on the five-year U.S. Treasury bond fell to 3.77%, down 20 basis points from its previous level.

02:26:26

On Friday, August 1, the Korean won finally rose 0.31% against the US dollar to 1389.47 won, and fell 0.41% this week. The decline narrowed sharply after the release of the US non-farm payroll data, and the overall trend showed an M-shape.

02:23:15

U.S. stocks extended losses after Trump said he had instructed his team to fire the director of the Bureau of Labor Statistics. (Refinitiv)

02:03:13

Baker Hughes data shows that the number of offshore drilling rigs in the United States remained unchanged from last week, at 13.

02:03:11

Toyota's U.S. sales reached 218,022 vehicles in July, up 19.9% from the same period last year.

02:03:09

Vincent Juvyns, chief investment strategist at ING Belgium SA, said that the market's enthusiasm for European stocks in the first quarter had faded, and now it seems that it was just an anomaly. The U.S. market has clearly regained the upper hand, and since a quarter of European companies' earnings come from the United States, the tariff increase is bound to cause damage in the coming quarters. (Refinitiv)

02:03:02

Putin appears to be responding to Trump's pressure, saying his disappointment stems from overly high expectations. Russian President Vladimir Putin ignored US pressure for a ceasefire, stating his goals had not changed. Trump significantly shortened the final grace period given to Russia to accept a ceasefire on Monday, and expressed "disappointment" with Putin's refusal to stop the war. Putin, on Friday, called the Russia-Ukraine negotiations held in Istanbul last week "generally positive," and said, "As for anyone's disappointment, all disappointment stems from overly high expectations." He did not directly mention the US president in his speech. (Refinitiv)

02:02:59

A U.S. Labor Department official said the department is always committed to providing accurate inflation data.

02:02:50

According to CCTV International News, US President Trump posted on the social platform on August 1 local time that he had ordered the deployment of two nuclear submarines to the "appropriate area" in response to the "threatening remarks" of Russian Deputy Chairman of the Security Council Medvedev. At present, Russia has not responded. Previously, Trump threatened on July 14 that if Russia did not reach a peace agreement with Ukraine to end the conflict within 50 days, the United States would impose very severe tariffs and corresponding secondary tariffs on Russia. On July 28, he said that he was considering shortening the 50-day period to 10 to 12 days. On July 29, he said that the period would be shortened to 10 days. The United States On July 31, John Kelly, the acting deputy permanent representative of the United States to the United Nations, confirmed at a Security Council meeting that Trump's deadline for completing Russia-Ukraine peace talks was August 8. On July 28, Medvedev accused Trump of playing an "ultimatum game," reminding him that "Russia still retains the ultimate nuclear strike capability of the Soviet era." He also said that whether it's 50 days or 10 days, Trump should remember that Russia is neither Israel nor Iran, and that each new ultimatum is a step closer to war. However, this isn't a war between Russia and Ukraine, but a war with Trump's country. (Refinitiv)

01:58:55

[RBC: OPEC+ will not increase production to offset the impact of US sanctions on Russia] RBC analysts led by Helima Croft pointed out in a report that OPEC+ members with spare production capacity are unlikely to be willing to increase production to comply with US sanctions on Russia, the co-chair of the organization. It is unclear whether Trump will implement the secondary sanctions he has threatened on Russian energy buyers, but market participants "should not expect OPEC to immediately fill" any potential supply reductions.

01:45:13

Trump Deploys Nuclear Submarines in Response to Russian Remarks: On August 1st, US President Trump posted on social media that he had ordered the deployment of two nuclear submarines to the "appropriate area" in response to threatening remarks by Russian Deputy Security Council Chairman Dmitry Medvedev. Russia has yet to respond. On July 14th, Trump threatened that if Russia did not reach a peace agreement with Ukraine to end the conflict within 50 days, the United States would impose very severe tariffs and corresponding secondary tariffs on Russia. On July 28th, he said he was considering shortening the 50-day deadline to 10 to 12 days, and then on July 29th, he said the deadline would be shortened to 10 days. On July 31st, US Deputy Permanent Representative to the United Nations John Kelly confirmed at a Security Council meeting that Trump's deadline for completing peace talks with Ukraine was August 8th. On July 28th, Medvedev accused Trump of playing an "ultimatum game" and reminded him that Russia still possesses the ultimate nuclear strike capability of the Soviet era. Medvedev said, "Whether it's 50 days or 10 days, Trump should remember: Russia is neither Israel nor Iran. Every new ultimatum is a step closer to war, but this is not a war between Russia and Ukraine, but a war with Trump's country." (CCTV International News)

01:37:43

USD/CNH just touched the 7.2000 yuan mark and was last trading at 7.2000 yuan, down 0.07% on the day. USD/CNH was last trading at 7.1933 yuan, down 0.09% on the day.

01:31:16

U.S. Department of Labor official: The Department of Labor is committed to providing accurate inflation data.

01:31:02

Putin appears to be responding to Trump's pressure, saying all disappointments stem from inflated expectations. Russian President Vladimir Putin stated that his goals have not changed and ignored US pressure for a ceasefire. Trump significantly shortened the final grace period given to Russia on Monday to accept a ceasefire and expressed "disappointment" with Putin's refusal to stop the war. Putin said on Friday that the Russia-Ukraine talks held in Istanbul last week were "generally positive." "As for anyone's disappointment, all disappointments stem from inflated expectations," he said, without directly mentioning the US president in his speech.

01:17:13

Vincent Juvyns, chief investment strategist at ING Belgium SA: "The enthusiasm for European stocks in the first quarter has faded. It now appears to be an anomaly. The US market has clearly regained the upper hand. A quarter of European companies' earnings come from the US, and increased tariffs are bound to take a toll in the coming quarters."

01:04:45

[Trump: Two nuclear submarines have been ordered to be deployed in appropriate areas near Russia] US President Trump recently posted on social media: "Based on the extremely provocative remarks of former Russian President and current Deputy Chairman of the Russian Federation Security Council Medvedev, I have ordered two nuclear submarines to be deployed to the corresponding area. Statements are very important and often lead to unintended consequences. I hope this will not be one of such cases."

00:42:05

GBP/JPY just touched the 196.00 mark and is currently trading at 196.00, down 1.51% on the day.

00:40:39

[The US CDC cuts the group that formulates vaccine policies] Media reports, citing an email, said that the US Centers for Disease Control and Prevention (CDC) told physician groups, public health professionals, and infectious disease experts that they would no longer be invited to help review vaccine data and formulate recommendations. "It is important that the activities of the ACIP working group are not influenced by any special interest groups, so the ACIP working group will no longer include liaison organizations," the email said. It also described these groups as biased "based on the constituencies and/or populations they represent."

00:40:09

Two-Year Treasury Yields Fell Over 3 Basis Points on US Non-Farm Payrolls Day. German 10-year bond yields fell 1.6 basis points to 2.679% in late European trading on Friday (August 1st). Following the release of the US non-farm payrolls report at 8:30 PM Beijing time, the yield on the 10-year German government bond plunged from a daily high of around 2.738% to below 2.7%. Following the release of the US ISM manufacturing index at 10:00 PM, the yield on the 10-year German government bond fell to a new daily low of 2.639%, marking a weekly decline of 3.9 basis points. The two-year German government bond yield fell 3.5 basis points to 1.929%, a weekly decline of 2.0 basis points. The 30-year German government bond yield rose 1.2 basis points to 3.189%, a weekly decline of 1.8 basis points. The 2-year/10-year German government bond yield spread rose 1.856 basis points to +74.612 basis points, a weekly decline of 1.874 basis points.

00:39:47

[The Federal Reserve begins discussing a more relaxed final Basel III plan] People familiar with the matter said the Federal Reserve has started a process to develop new risk-based capital rules that will impose less burden on the largest U.S. banks than the Biden-era plan. Michelle Bowman, vice chairman for supervision, is leading the development of this new measure aimed at simplifying the calculation of banks' capital requirements. People familiar with the matter, who asked not to be named because they were discussing private discussions, said regulators will basically abandon the initial 1,087-page version proposed two years ago and plan to announce a new plan as early as the first quarter of 2026. Some people familiar with the matter said the new plan is expected to be more relaxed than the compromise version that increased capital requirements for the largest banks by 9%. The original Basel III final plan - which Bowman had harshly criticized - would have resulted in a 19% increase in capital requirements.

00:39:16

Two-Year UK Gilt Yields Fell About 7 Basis Points on US Non-Farm Payrolls Day. At the close of European trading on Friday (August 1st), the UK 10-year gilt yield fell 4.1 basis points to 4.528%, marking a 10.8 basis point drop for the week. The two-year gilt yield fell 6.8 basis points to 3.793%. Before the release of the US non-farm payrolls report at 8:30 PM Beijing time, it reached a daily high of 3.917%. Following the release of the data, it plunged to near 3.840%. Following the release of the US ISM manufacturing index at 10:00 PM, it hit a daily low of 3.790%, marking a 9.0 basis point drop for the week. The 30-year gilt yield fell 9.1 basis points, while the 50-year gilt yield fell 7.2 basis points. The 2-year/10-year gilt yield spread fell 2.009 basis points to +72.978 basis points.

00:01:41

The US dollar fell on employment data, while expectations of a Fed rate cut drove market volatility. U.S. nonfarm payrolls increased by 73,000 in July, missing expectations by 100,000. Data for the first two months was revised downward by 258,000. The dollar index fell 0.7% to 99.287, retreating from its recent high of 100.257. The euro rose 0.9% against the dollar to $1.1512. Market expectations for a September Fed rate cut rose from 38% to 67%, putting pressure on the dollar. (Dow Jones)

00:01:15

The weak US job market exacerbates job search challenges, with a rise in the proportion of long-term unemployed. The July US jobs report showed that the proportion of unemployed people who had been out of work for more than six months rose to 25%, up from 20% in May. The number of long-term unemployed increased from 1.5 million to 1.8 million. The 73,000 new jobs added fell short of expectations, and coupled with downward revisions of 258,000 jobs for the previous two months, the job search environment has become even more challenging, raising market expectations for an easing policy by the Federal Reserve. (Dow Jones)

00:00:35

Weak US jobs data drags down European stocks, while expectations of rate cuts drive volatility. The US non-farm payrolls data for July showed 73,000 new jobs added, falling short of expectations by 100,000, and with a downward revision of 258,000 jobs for the previous two months. European stocks fell in response. The Stoxx Europe 600 index fell 1.9%, Germany's DAX fell 2.7%, and France's CAC 40 fell 3%. Trump's tariff policies and weaker-than-expected jobs data heightened market concerns, and expectations of rate cuts further fueled volatility. (Dow Jones)

23:59:48

New US tariffs trigger market caution, trade uncertainty persists. Societe Generale analyst Yao Wei stated that new US tariffs on trading partners such as Canada, Switzerland, and Taiwan will take effect on August 7th, with details still unclear. Markets remain cautious about uncertainty surrounding trade agreements. The tariff policy is causing confusion about investment commitments and an uncertain outlook for global trade. Markets remain focused on the subsequent impact of Trump's tariff measures. (Dow Jones)

23:49:39

Trump's tariffs impact global trade, heightening market concerns. Berenberg Bank economists stated that Trump's imposition of high tariffs of 35% and 39% on Canada and Switzerland, respectively, which will take effect on August 7, is expected to severely damage global trade and corporate competitiveness. Royal Bank of Canada BlueBay Asset Management estimates that the average US tariff rate will rise to 18%, with annualized tariff revenue reaching $450 billion, equivalent to 1.25% of GDP. The Swiss franc fell to a five-week low against the US dollar, raising market concerns about the uncertainty surrounding Trump's policies. (Dow Jones)

23:48:48

The US dollar fell on weak employment data, with markets focused on a shift in Fed policy. The July US non-farm payroll report showed 73,000 new jobs, below expectations of 100,000, and data for the previous two months was revised downward by 258,000, fueling strong market expectations of a September rate cut by the Federal Reserve. The dollar index fell 0.7% to 99.287, retreating from its recent high of 100.257. The euro appreciated 0.9% against the dollar to $1.1512. Federal Reserve Governors Waller and Bowman had previously warned that employment data could overstate growth, and this report supports their views, leading to market expectations that the Fed may accelerate monetary easing. (Dow Jones)

23:48:24

[Weak US non-farm payroll data in July boosts expectations of a September rate cut by the Federal Reserve] Data from the US Bureau of Labor Statistics (BLS) showed that non-farm payrolls increased by 73,000 jobs in July, far below the 100,000 expected by economists from the Wall Street Journal. Employment data for May and June were significantly revised downward, with a total decrease of 258,000 jobs. The unemployment rate rose slightly from 4.1% to 4.2%, and the long-term unemployment rate climbed to 25%. The weak employment data pushed up market expectations for a September rate cut by the Federal Reserve. The Chicago Mercantile Exchange (CME) Federal Reserve Observer tool showed that the probability of a rate cut jumped from 38% to 67%. The US dollar index fell 0.7% to 99.287, and the euro rose 0.9% against the dollar to $1.1512. (Dow Jones)

23:46:49

UK government bond yields fell, following the decline in US bond yields, impacted by weaker-than-expected US non-farm payroll data for July. UK government bond yields fell, following the decline in US bond yields, following the weaker-than-expected US non-farm payroll data for July. Following the release of the data, market expectations for a Federal Reserve rate cut intensified. Tradeweb data showed that the 10-year UK gilt yield fell nearly 4 basis points to 4.531%, a significant drop from around 4.630% before the release of the US employment data. The 10-year US Treasury yield fell to 4.263%, a significant drop from 4.414% before the data was released. (Dow Jones)

23:46:11

[Non-farm payroll data boosts market expectations of rate cuts, U.S. Treasury yields fall] U.S. data showed that the pace of job growth was much lower than previously reported, and the month-long increase in yields was wiped out. The 10-year U.S. Treasury bond yield was 4.258%, and the 2-year U.S. Treasury bond yield was 3.764%, falling back to the level of early July. In addition to announcing that 73,000 new jobs were created in July, which was not ideal, the U.S. Bureau of Labor Statistics (BLS) also lowered the new jobs created in May and June by a total of 258,000. The Federal Reserve will also release a non-farm payroll report before its September meeting, but today's data boosted market expectations of rate cuts, causing U.S. Treasury yields to fall. (Dow Jones)

23:41:38

[U.S. Treasury Secretary Scott Bessant: The real deadline for tariffs is September 1st] While the August 1st deadline appears to have been met, last night's announcement is far from final. In fact, the reciprocal tariffs will not take effect until August 7th, effectively buying a one-week window for negotiations with non-signatory countries. However, this buffer period may be far from sufficient—U.S. Treasury Secretary Scott Bessant has repeatedly emphasized within the administration that the real deadline is September 1st, Labor Day.

23:37:36

US-listed Swiss watch stocks fell as Trump imposed a 39% tariff on Swiss imports. US President Trump announced a new 39% tariff on Swiss imports, causing the share prices of US-listed Swiss watch companies to fall. Among individual stocks, Richemont Group's ADRs fell 3.08%, bringing their weekly decline to 8.80%. Watches of Switzerland Group Plc.'s ADRs fell 7.73%, and Swatch Group's ADRs fell 8.7%.

23:37:18

[Ostrich Leather Crisis Threatens US Cowboy Boot Industry] US President Trump previously announced a 30% tariff on imports from South Africa, effective August 1st. This measure will officially take effect due to South Africa's failure to reach a new trade agreement with the US government. South Africa's ostrich industry is affected by the US tariffs, and the associated industry, known for its iconic "Made in America" cowboy boots, will also be severely impacted.

23:36:44

Market Concerns Over US Tariffs on Taiwan Send Taiwanese Stocks and Currency Plunging. On the evening of July 31st, the White House announced that US President Trump had signed an executive order announcing tariffs on goods imported from 69 trading partners. Taiwanese media reported that the tariff for Taiwan was 20%. In response to this news, the Taiwan stock market opened lower on August 1st, closing at 23,434.38, down 108.14 points. The New Taiwan dollar fell below 30 against the US dollar due to a combination of factors, including the appreciation of the US dollar, negative tariffs, and a decline in the Taiwanese stock market. The US tariffs on Taiwan, higher than those imposed on major competitors Japan and South Korea, sparked an uproar within Taiwanese industry. Previously, the Democratic Progressive Party (DPP) authorities claimed to have held multiple rounds of formal negotiations with the US. The announcement of the tariffs sparked widespread disappointment within Taiwan. Lin Bofeng, chairman of the Taiwan Business Association, believes that tariffs higher than the 15% imposed by Japan and South Korea will significantly impact Taiwan's competitiveness. On behalf of the island's business community, he called on the Taiwanese authorities to quickly propose effective policies to stabilize the economy and disclose to the industry the specific content of the agreement and whether there are any additional conditions for reaching this tariff result. (Xinhua News Agency)

23:30:37

US-listed Swiss watch stocks fell as Trump imposed a 39% tariff on Swiss imports. US President Trump announced a new 39% tariff on Swiss imports, causing the share prices of US-listed Swiss watch companies to fall. Among individual stocks, Richemont Group's ADRs fell 3.08%, bringing their weekly decline to 8.80%. Watches of Switzerland Group Plc.'s ADRs fell 7.73%, and Swatch Group's ADRs fell 8.7%.

23:13:31

[Two Federal Reserve Board Governors Discuss Dissent: Central Bank's Hesitation to Cut Rates Could Hurt the Labor Market] Federal Reserve Board Governors Christopher Waller and Michelle Bowman expressed concern that the Fed's hesitation to cut interest rates could cause unnecessary damage to the labor market. Waller and Bowman opposed keeping the benchmark interest rate unchanged for the fifth consecutive time at this week's Federal Reserve interest rate meeting, both advocating a 25 basis point rate cut. The two officials explained the reasons for their dissent in separate statements released on Friday, highlighting signs of growing weakness in the labor market. Their views differ from those of Fed Chairman Jerome Powell and other officials, who continue to believe that the labor market is generally solid and advocate patience in adjusting interest rates so that officials can continue to assess how US President Donald Trump's tariff policy affects inflation and the economy.

23:01:33

BlackRock portfolio manager Jeffrey Rosenberg: The US non-farm payroll report suggests that the views of Federal Reserve Governor Waller and his faction may be gaining the upper hand, potentially convincing more people to support a rate cut. They may have missed their chance in July, but this significantly increases the likelihood of a September rate cut. This is also why we've seen a significant decline in the front end of the yield curve.

22:57:15

[US Consumer Confidence Index Rises to Five-Month High, Stocks Rise] U.S. consumer confidence rose to a five-month high in July, as rising stock markets boosted optimism about current conditions and easing inflation expectations. According to data released by the University of Michigan, the final July consumer confidence index rose one point from the previous month to 61.7. The previously released preliminary reading was 61.8. Data released on Friday showed that consumers expect annual price increases of 3.4% over the next five to ten years, the lowest level since January. Inflation expectations for the next year were 4.5%, down from 5% in June. The survey concluded on July 28, during which time President Trump reached tariff agreements with major trading partners such as Japan and the European Union. Meanwhile, the president announced a new round of tariffs Thursday evening, raising the average U.S. tariff rate. "Increased confidence among stockholders was partially offset by a decline among those who do not own stocks," survey administrator Joanne Hsu said in a statement. Despite the overall increase in confidence, respondents' confidence in the labor market was weaker than a year ago. About 57% of respondents expected the unemployment rate to rise in the future, up from 35% a year ago. The monthly jobs report released earlier in the day showed average job growth in the three months to July was the slowest since the pandemic.

22:40:03

The CEO of Canada's Enbridge said the US is moving "extremely quickly" on deregulation, while Canada has been slow to act.

22:38:17

iPhone Sales Far Exceed Expectations, But Apple Still Faces Multiple Challenges: Analysts point to a 13.5% surge in iPhone sales in the quarter, far exceeding market expectations, driven by a rush to buy ahead of potential US tariff increases, subsidies in China, and the strong sales of the affordable 16e model released in February. This performance contributed to a 10% year-over-year increase in Apple's total revenue for the April-June period (better than expected), and the company's revenue guidance for the quarter ending September also exceeded expectations. However, this performance comes at a time when the company, long considered one of the safest tech stocks, faces multiple challenges: in addition to the threat of tariffs on its manufacturing bases in China and India, Apple is making slow progress in AI technology, a field on which competitors are betting.

22:36:24

[Report: Bowman leads negotiations on a looser version of the final Basel III agreement] The Federal Reserve has begun the process of developing a new risk-based capital rule that would be less burdensome on large US banks than the plan under former US President Biden, according to people familiar with the matter. Michelle Bowman, Vice Chairman for Financial Supervision, is leading the development of the new measure, which aims to simplify how banks calculate capital requirements, after regulators largely rejected the original proposal. The new proposal is expected to be looser than the previous compromise version, which planned to increase capital requirements for large banks by 9% and would require a joint proposal from the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) for finalization.

22:33:59

[Source: US sanctions force ships carrying Russian oil to reroute from India] According to trade sources, LSEG trade flow data shows that after the United States imposed a new round of sanctions, at least two ships loaded with Russian oil and originally scheduled to be shipped to Indian refineries have been rerouted to other destinations. Sources said that the Aframax tankers "Tagor" and "Guanyin" and the Suezmax tanker "Tassos" were originally scheduled to deliver Russian oil to Indian ports in August. After being sanctioned, the Tagor and Tassos were both rerouted. The US Treasury Department imposed sanctions on more than 115 individuals, entities and ships related to Iran this week, some of which were involved in transporting Russian oil. At the same time, US President Trump urged countries to stop buying oil from Moscow and threatened to impose a 100% tariff on countries that buy Russian oil unless Russia agrees to a major peace agreement with Ukraine.

22:33:13

The yield on the 10-year U.S. Treasury note fell to a five-week low and was last down 11.9 basis points at 4.241%.

22:33:04

The 10-year U.S. Treasury yield was on track for its biggest one-day drop since mid-April.

22:20:25

The U.S. Army is streamlining its partnership with Palantir, potentially leading to a multi-billion dollar deal. The U.S. Army is streamlining its partnership with Palantir Technologies (PLTR), consolidating dozens of fragmented contracts into a long-term agreement potentially worth up to $10 billion over the next decade. This move doesn't mean the Army will immediately commit all the funds, but rather establishes a future procurement framework that includes volume discounts, reduces paperwork, and accelerates the deployment of Palantir's data integration and artificial intelligence tools.

22:17:09

The yield on the two-year U.S. Treasury note is now set for its biggest one-day drop in two years, falling 22 basis points.

22:16:45

[Overall U.S. consumer confidence has rebounded, but confidence in the labor market outlook is lower than last year] A survey by the University of Michigan in the United States showed that although overall confidence rebounded in July, the outlook for the labor market is still lower than last year. About 57% of respondents expect the unemployment rate to rise, higher than 35% in the same period last year. The University of Michigan survey also showed that consumers are still skeptical about whether the risk of accelerating inflation has passed. The survey director said, "At the same time, consumers' expectations for the business environment remain pessimistic, concerns about unemployment remain high, and importantly, they believe they may be affected. Although the situation has improved recently, this combination of mentality means that spending may slow down as consumers may adopt more cautious financial behavior due to risk expectations." The survey also showed that the current situation index rose to a six-month high of 68, while the expectations index fell to 57.7.