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2025-07-31 Thursday

2025-08-03

22:23:43

The Brazilian Sugarcane Industry Association (UNICA) estimates ethanol production in the center-south region of Brazil to be 2.19 billion liters in the first half of July. The Brazilian Sugarcane Industry Association (UNICA) estimates sugar production in the center-south region to be 3.4 million tons in the first half of July. The Brazilian Sugarcane Industry Association (UNICA) estimates sugarcane crushing in the center-south region to be 49.82 million tons in the first half of July.

22:23:14

Kremlin: Russian-US trade is practically zero.

22:22:57

Citigroup: Increased capital spending by tech giants will be a boon for chipmakers. Citigroup analysts point out that increased capital spending by tech giants will be a boon for chipmakers. Microsoft accounts for approximately 8% of Advanced Micro Devices (AMD) sales, while Meta accounts for 2% of Broadcom's sales. "We believe Broadcom and AMD will be the primary beneficiaries of increased capital spending by Microsoft and Meta," the bank's analysts wrote in a Thursday report.

22:22:41

Saudi Arabia's oil revenue in the second quarter of 2025 is 151 billion riyals. Saudi Arabia's non-oil revenue in the second quarter of 2025 is 149 billion riyals.

22:22:25

[U.S. overnight repo rates fell at month-end, easing investor financing concerns.] According to data from the New York Federal Reserve, the Secured Overnight Financing Rate (SOFR) was at 4.32% on the previous trading day (July 30, the day the Fed released its interest rate statement), compared to 4.36% the day before. The effective federal funds rate on the previous trading day was 4.33%, compared to 4.33% the day before.

22:22:11

The Nasdaq China Golden Dragon Index opened slightly lower. Kingsoft Cloud rose over 7%, GDS and Pony.ai rose over 3%, Bilibili rose over 2%, and Miniso fell over 5%.

22:21:50

[US stocks surged in early trading, with Microsoft's market capitalization exceeding $4 trillion and Meta surging 13%] Shares of large US technology companies rose, driving US stocks higher in early trading as traders analyzed the latest inflation and spending data, which highlighted disagreements among Federal Reserve officials on the path of monetary policy. Bond yields fell. The US dollar rose for the sixth consecutive trading day. At 9:39 a.m. New York time, the S&P 500 rose 0.7%, poised for its third consecutive month of gains, its longest winning streak since September of last year. The Nasdaq 100 rose 0.7%, while the Dow Jones Industrial Average was essentially flat. Microsoft's strong performance fueled optimism in artificial intelligence, pushing the company's market capitalization above $4 trillion. Meta Platforms Inc.'s stock price surged 13%, thanks to its previously released strong earnings report. "These two tech giants not only exceeded expectations, they far exceeded them," said Fawad Razaqzada of City Index and Forex.com.

22:21:48

USD/CNH just touched the 7.2100 mark and was last trading at 7.2100, down 0.02% on the day. USD/CNH was last trading at 7.1978, up 0.07% on the day.

22:21:35

[EU launches in-depth investigation into subsidy dispute involving €14.7 billion acquisition of German chemical giant Covestro] The European Commission recently announced the launch of an in-depth investigation into the Abu Dhabi National Oil Company (ADNOC) of the United Arab Emirates' €14.7 billion acquisition of German chemical giant Covestro, citing concerns that subsidies provided by the UAE may distort competition in the EU's internal market. Last October, ADNOC reached a deal to acquire Covestro, its largest acquisition ever. The investigation is based on the Foreign Subsidies Regulation (FSR), and a preliminary review that began in May of this year showed that ADNOC was very likely to have received "foreign subsidies" from the UAE government. Such subsidies enable it to propose valuations and financial terms that do not meet market conditions, resulting in other potential investors without subsidies being unable to compete fairly with it. Possible "foreign subsidies" include unlimited guarantees from the UAE and ADNOC's commitment to increase capital in Covestro.

22:21:03

Morgan Stanley analyst Fabio Bassanin said in a report that a 25 basis point rate cut by the Bank of England next week is likely to be met with a muted reaction from investors, as the move is widely expected. "Based on current valuations, we expect the market reaction to remain muted, as expectations still reflect a quarterly rate cut cadence." Bassanin noted that the market will likely focus on the split vote in the decision and the explanatory paragraphs in the meeting minutes. Money markets are currently pricing in an 82% probability of a rate cut at this Bank of England meeting.

22:17:48

Spot platinum just broke through the $1,290.00/ounce mark and was last trading at $1,289.80/ounce, down 5.80% on the day. The main Nymex platinum futures contract was last trading at $1,304.1/ounce, down 5.15% on the day.

22:17:44

Baltic Index posts best monthly performance since February Details>

22:00:36

Spot gold just broke through the $3,300.00/ounce mark and was last trading at $3,299.88/ounce, up 0.76% on the day. The main COMEX gold futures contract was last trading at $3,352.40/ounce, down 0.01% on the day.

22:00:06

[Copper Market Trapped in the "TACO Trap": The Tariff Drama Behind the 20% Plunge] ⑴ Copper bulls suffered a targeted blow. In the evening session of July 31st, Beijing time, CME copper prices plummeted 20%, simply because Trump's tariff rhetoric struck the wrong target. Semi-finished copper wire and tubing were subject to a hefty 50% tariff, while refined copper was unexpectedly exempted until 2027. ⑵ The cost of this miscalculation was staggering: traders' frenzied arbitrage led to a 232,000-ton overstock in the United States, the highest since 2004. Ironically, the global supply chain, scrambling to fill the anticipated US shortfall, led to abnormal inventory flows in multiple countries. ⑶ The battle for scrap copper intensifies: The US mandates that 25% of domestically produced copper be sold domestically starting in 2027, while the EU simultaneously considers scrap export quotas. The global scrap copper trade landscape is facing a structural reshaping. (Refinitiv)

21:59:37

The Dow Jones Industrial Average just broke through the 44,600.00 mark and was last at 44,600.51, up 0.31% on the day.

21:59:35

Canadian dollar falls for six consecutive days: the market awaits the test of the August 1 mark Details>

21:58:51

The Shipping Market Experiences a Surprisingly Diverse "Ice and Fire": Is a 34% Surge Hidden Danger? (1) The Baltic Dry Index (BDI) surged 34% in July, its strongest monthly performance since February, but sharp divergence within market segments is sounding alarm bells. At the close of trading on July 31st (Beijing time), the BDI edged up 0.4% to 2003 points, but significant cracks have emerged in the performance of various ship types. (2) Capesize vessels emerged as the biggest winners, with the index jumping 1.7% to 3239 points and average daily rates soaring $436 to $26,858. BIMCO shipping analyst Filipe Gouveia noted that surging Chinese bauxite demand and the expansion of South Atlantic iron ore projects will continue to boost earnings for this vessel type in 2025-2026. (3) However, Panamax vessels are showing signs of weakness, with the index plummeting 1.8% to 1659 points and average daily rates shrinking $274 to $14,929. Even more dangerous is the Supramax Index, which fell to a new low of 1,268 points since mid-July, indicating a collapse in demand for shipping small and medium-sized commodities. ⑷ Strangely, iron ore futures prices have fallen for two consecutive days to a two-week low, sharply countering weak Chinese manufacturing data for July. This suggests the shipping market's euphoria may be built on fragile demand expectations. ⑸ When the Capesize steel rush meets the Panamax grain slump, the BDI in August may see a bull-bear struggle.

21:58:15

Euro Bulls' Night of Despair: A Last Escape Signal Before the Fed's Knife Falls? ⑴ The euro's decline against the dollar is likely to intensify, as the collapse of expectations for a Fed rate cut is fueling the dollar bulls' ferocity. US data released late on July 31st (Beijing time) completely shattered the illusion of easing. ⑵ Weekly initial jobless claims, better than expected, combined with a 0.9% increase in the Q2 Employment Cost Index, demonstrate the US labor market's remarkable resilience. This combined blow directly shattered the probability of a September rate cut—the CME FedWatch tool shows the probability plummeting from 46.7% to 39.3% in 24 hours. ⑶ Even more devastating is the lingering specter of inflation: June's PCE rose by 0.3% month-over-month, in line with expectations, but the details of the upward revision of May's data from 0.1% to 0.2% reveal that price pressures remain far more viscous than market expectations. ⑷ Powell's hawkish stance is unfolding. He explicitly identifies the unemployment rate as a core indicator of economic health, but the current downward trend in job creation and persistently high inflation create a policy impasse. 5. Capital has voted with its feet: December 2025 SOFR futures prices have fallen to a 5.5-month low, with technical indicators showing a standard downward trend. This is the most blatant slaughter of traders' expectations of a rate cut. 6. All eyes are now on the non-farm payroll data due at 8:30 PM Beijing time on August 2nd. If the employment data exceeds expectations again, the 1.1050-1.1100 range will become a bloody defense for euro bulls.

21:50:05

How long can the Swiss franc's "store of value" myth last? (1) The Swiss franc's strength may be unsustainable, and its exchange rate against the euro is about to face a turning point. (2) After hitting a three-month low of 0.9287 overnight, the Swiss franc is currently fluctuating in a narrow range around 0.9290. (3) As investors begin to seek higher returns and better growth prospects in the eurozone next year, capital flows may reverse. (4) The European Central Bank's cautious stance on rate cuts at last week's meeting has further accentuated the euro's interest rate advantage over the Swiss franc. (5) The Swiss franc's strength will ultimately be tempered by interest rate differentials. (6) The Swiss franc's current performance is also influenced by progress on the US-Switzerland trade agreement, but related news is scarce. (7) Any future progress on the agreement will have a significant impact on the Swiss franc. (8) The euro is expected to reach 0.94 against the Swiss franc by the end of the year.

21:46:40

The preferential interest rate of the central bank of South Africa in July - the loan base rate

Previous : 10.75% Forecast : -

Published Value 10.50%

21:45:57

Methanol inventories at ports in East China as of July 31

Previous : 41.67 Forecast : -

Published Value 42.48

21:45:18

[Tech giants are celebrating, is it a victory for AI or a market choice?] ⑴ After Microsoft released a strong financial report, its stock price rose by more than 5%, and its market value soared to more than $4 trillion, mainly due to the strong growth in its cloud services and AI demand. ⑵ The social media giant Meta's stock price soared by nearly 13% because its core advertising business revenue growth exceeded expectations, highlighting the enabling effect of AI technology in the advertising field. ⑶ In contrast to the giants' celebration, chip design company Arm's stock price plummeted by about 13% due to its performance falling short of expectations, while Qualcomm's stock price fell by about 3.5% despite its strong financial report. ⑷ After announcing profit and revenue growth, the used car e-commerce company Carvana's stock price soared by 22%. The stock prices of online marketplaces EBay, Roblox, Norwegian Cruise Line, and other companies also saw double-digit gains due to their outstanding performance. ⑸ These differentiated market performances show that despite the overall positive market sentiment, investors have clear and very different judgments on the performance and growth prospects of different companies, especially on the actual implementation and profitability of the AI field.

21:45:02

The Chicago PMI for July in the United States

Previous : 40.40 Forecast : 42

美元

金银石油

Published Value 47.10

21:43:52

[Canadian Economic Suspense: GDP unexpectedly rebounded, can the central bank's interest rate cut expectations continue?] ⑴ Canada's GDP contracted by 0.1% month-on-month in May, in line with market expectations, mainly dragged down by declining output in the retail and mining industries. ⑵ However, preliminary estimates from Statistics Canada show that GDP is expected to grow by 0.1% in June, which means that the annualized GDP growth rate in the second quarter may reach 0.1%, which is in sharp contrast to the Bank of Canada's previous forecast of a 1.5% contraction. ⑶ Despite this, the market remains skeptical of this optimistic forecast because monthly GDP is based on industry output, while quarterly GDP is based on spending and income, and there may be differences between the two. ⑷ Traders' bets on the Bank of Canada keeping interest rates unchanged in September have risen to about 89%, higher than the level before the GDP data was released, reflecting the market's wavering expectations of rate cuts. ⑸ Analysts pointed out that future inflation and employment data will be crucial. If the central bank restarts interest rate cuts, it may be affected by the continued uncertainty of trade policy and domestic economic headwinds.

21:41:46

Natural gas prices are mired in a quagmire. Can inventory data reverse this trend? ⑴ US natural gas futures prices continue to decline, with the front-month contract for September delivery already down over 12% this month, demonstrating strong bearish market sentiment. ⑵ Supply-side data shows that natural gas production in the Lower 48 states averaged 107.5 billion cubic feet per day in July, surpassing June's 106.4 billion cubic feet per day and setting a new monthly record. ⑶ Demand is showing signs of weakness, with average natural gas demand projected to fall from 113 billion cubic feet per day this week to 108 billion cubic feet per day, exacerbating the supply-demand imbalance. ⑷ The market generally expects a 37 billion cubic feet increase in natural gas inventories last week, significantly higher than the 18 billion cubic feet increase in the same period last year and the five-year average of 24 billion cubic feet. If the data meets expectations, it will further exacerbate market concerns about oversupply. ⑸ Technical analysts pointed out that the market is already in an oversold state, and the price is likely to drop to $2.85. If the weather continues to be cool next month, it is even possible to fall to $2.50.

21:41:02

Silver Forecast: Tariff Fears Hit Silver Hard, Deeper Falls Imminent? Details>

21:40:05

Cocoa LCCc2 prices on the London ICE Futures Exchange rose nearly 3% to £5,522 a tonne.

21:35:08

[The market value of giants is soaring, what kind of "hard currency" is behind the trillion-dollar market value? ] ⑴ Microsoft's market value has exceeded 4 trillion US dollars, making it the second listed company to reach this milestone after Nvidia. This achievement is due to its financial performance that exceeded expectations. ⑵ Microsoft's latest financial report shows that sales of its cloud service business Azure have increased significantly, and the company expects capital expenditures to reach a record US$30 billion this fiscal quarter to meet the surging demand for AI. ⑶ The substantial increase in capital expenditures shows Microsoft's strong investment determination in the field of AI. Some analysts pointed out that the company is successfully transforming into a leader in cloud infrastructure and enterprise AI. ⑷ Microsoft's stock price has more than doubled since the release of ChatGPT at the end of 2022, and its huge investment in OpenAI is bringing substantial growth to its Office suite and Azure business. ⑸ Although the market has worried that Trump's tariff remarks may tighten corporate spending, Microsoft's strong performance shows that its business has not yet been significantly affected by tariffs.

21:33:31

July 31st US market update support and resistance: 18 varieties of support and resistance (gold, silver, platinum, palladium, crude oil, natural gas, copper and ten major currency pairs) Details>

21:30:32

The Nasdaq index rose 1.49% to 21444.99

21:23:00

European inflation is shrouded in uncertainty. Where will it go next? ⑴ Germany's inflation rate unexpectedly fell to 1.8% in July, below the consensus forecast of 1.9%, another sign of easing price pressures in Europe's largest economy. ⑵ Despite the decline in overall inflation, core inflation, excluding food and energy, remained at 2.7%, unchanged from the previous month, indicating that underlying price pressures remain firm. ⑶ A 3.4% year-on-year decline in energy prices played a key role in the decline in inflation, but food prices rose by 2.2%, and services inflation also fell slightly from 3.3% in June to 3.1%, a slow decline. ⑷ Analysts point out that the strengthening euro has had a positive impact on the prices of imported goods, particularly energy costs. However, the slow decline in services prices may be related to slower wage growth and a weakening ability of businesses to pass on costs. ⑸ Following the US-EU trade agreement, which resulted in the US imposing tariffs on most EU goods, European companies may face two distinct options: lower prices in Europe to address overcapacity or raise prices in Europe to offset shrinking profits in the US.

21:14:01

Why was the market indifferent to the unexpectedly strong data? ⑴ June PCE data was released, and the monthly increase met expectations, but the annual figure exceeded expectations. The core PCE annual rate also exceeded market consensus. This suggests that inflationary pressures persist and have not subsided as quickly as the market had hoped. ⑵ Initial unemployment claims unexpectedly fell, indicating that the labor market remains strong. Furthermore, the unexpected increase in employment costs in the second quarter further demonstrated the resilience of the labor market, which should have been a sign of cooling market sentiment. ⑶ Despite this, US stock index futures continued to rise, the US dollar strengthened, and gold and crude oil prices diverged. The market seemed unusually calm in the face of the unexpectedly strong inflation and employment data. ⑷ Following the data release, federal funds rate futures indicated a 61% probability that the Federal Reserve would keep interest rates unchanged in September, virtually unchanged from before the data was released. Market expectations for a rate cut this year have not changed significantly, reflecting traders' unwavering confidence in the future policy direction. 5. Technology and communication services sectors led gains in pre-market trading, which may be related to the positive AI-related financial reports of certain companies, indicating that investors are chasing growth stories with greater certainty rather than simply being affected by fluctuations in macroeconomic data.

21:13:49

Nymex US crude oil futures fell 1.01% to $69.29 per barrel

21:11:51

PCE attacks the long and short defenses! Trump's attack on Powell deepens the fog on the battlefield, and gold stages a "dark night breakout" at the 3300 mark. Details>

21:09:29

The US dollar index just broke through the 100.00 mark and was last at 100.01, up 0.04% on the day.

21:09:19

Spot platinum just broke through the $1,300.00/ounce mark and was last trading at $1,299.85/ounce, down 5.07% on the day. The main Nymex platinum futures contract was last trading at $1,315.0/ounce, down 4.36% on the day.

21:07:07

U.S. net export sales for the week ending July 24 - Soybean oil for the second year -USDA weekly

Previous : 0.20 Forecast : -

Published Value 0.06

21:07:07

U.S. net export sales for the week ending July 24 - wheat for the second year -USDA weekly

Previous : 0 Forecast : -

Published Value 3.80

21:07:06

U.S. net export sales for the week ending July 24 - total soybean oil for two years -USDA weekly

Previous : 0.14 Forecast : -

Published Value 0.31

21:07:06

U.S. net export sales for the week ending July 24 - soybean total for two years -USDA weekly

Previous : 39.97 Forecast : -

Published Value 77.87

21:07:06

U.S. net export sales for the week ended July 24 - Soybean oil for the current year -USDA weekly

Previous : -0.06 Forecast : -

Published Value 0.25

21:07:05

U.S. new beef export sales for the week ending July 24 -USDA Weekly

Previous : 1.81 Forecast : -

Published Value 0.99

21:07:05

New pork export sales in the United States as of July 24 -USDA Weekly

Previous : 1.97 Forecast : -

Published Value 4.12

21:07:04

U.S. net export sales for the week ended July 24 - Soybean meal for the current year -USDA weekly

Previous : 18.26 Forecast : -

Published Value 7.71

21:07:04

U.S. net export sales for the week ending July 24 - Soybean meal for the second year -USDA weekly

Previous : 9.19 Forecast : -

Published Value 13.20

21:07:03

U.S. soybean new export sales for the week ending July 24 -USDA Weekly

Previous : 17.19 Forecast : -

Published Value 36.57

21:07:03

U.S. net export sales for the week ending July 24 - soybeans for the second year -USDA weekly

Previous : 23.88 Forecast : -

Published Value 42.95

21:07:02

U.S. New corn export sales for the week ending July 24 -USDA Weekly

Previous : 71.75 Forecast : -

Published Value 45.92

21:07:02

U.S. net export sales for the week ending July 24 - Corn for the second year -USDA weekly

Previous : 73.39 Forecast : -

Published Value 189.19

21:07:01

U.S. net export sales for the week ended July 24 - total pork -USDA weekly

Previous : 1.70 Forecast : -

Published Value 3.94

21:07:01

U.S. net export sales for the week ending July 24 - Corn for the current year -USDA weekly

Previous : 64.31 Forecast : -

Published Value 34.09

21:06:59

U.S. net export sales for the week ending July 24 - total soybean meal for two years -USDA weekly

Previous : 27.45 Forecast : -

Published Value 20.91

21:06:59

U.S. net export sales for the week ended July 24 - total beef -USDA weekly

Previous : 1.67 Forecast : -

Published Value 0.85

21:06:58

U.S. net export sales for the week ended July 24 - cotton for the current year -USDA weekly

Previous : -3.27 Forecast : -

Published Value 3.91

21:06:57

U.S. net export sales for the week ending July 24 - soybeans for the current year -USDA weekly

Previous : 16.09 Forecast : -

Published Value 34.92

21:06:57

U.S. net export sales for the week ended July 24 - total wheat for two years -USDA weekly

Previous : 71.22 Forecast : -

Published Value 63.02

21:06:56

U.S. net export sales for the week ending July 24 - Corn total for two years -USDA weekly

Previous : 137.70 Forecast : -

Published Value 223.28

21:06:55

U.S. New wheat export sales for the week ending July 24 -USDA Weekly

Previous : 76.37 Forecast : -

Published Value 67.79

21:06:50

U.S. net export sales for the week ended July 24 - wheat for the current year -USDA weekly

Previous : 71.22 Forecast : -

Published Value 59.22

21:03:52

The benchmark interest rate of South Africa's central bank in July - the repo rate

Previous : 7.25% Forecast : 7%

Published Value 7%

21:03:00

Kehua Data Launches Full Lifecycle Services for Liquid-Cooled Data Centers. (1) Kehua Data has launched a series of cold plate and immersion liquid cooling products, and its liquid cooling containers for computing power are now available for overseas export. The company completed the first server and liquid cooling system decoupling project for China Mobile's Yangtze River Delta (Suzhou) Data Center and achieved large-scale decoupling of infrastructure and liquid cooling cabinets in the Nanjing Intelligent Computing Center project. (2) The company and Muxi Co., Ltd. jointly developed high-density liquid-cooled computing power PODs, a next-generation infrastructure microenvironment designed specifically for GPU server clusters.

21:02:34

When the night futures market opened, coking coal fell 5%, glass fell more than 2%, coke, soda ash, caustic soda, Shanghai silver, liquefied petroleum gas, PVC, rubber, rapeseed meal, fuel oil, and rebar fell more than 1%.

21:02:03

[State Council Executive Meeting Deploys Economic Work for the Second Half of the Year and Approves "Artificial Intelligence Plus" Action Plan] (1) The State Council's executive meeting on July 31st called for improving the effectiveness of macroeconomic policies by focusing on annual targets. The meeting reviewed and approved the "Opinions on Deepening the Implementation of the 'Artificial Intelligence Plus' Action Plan," proposing measures to promote the large-scale commercial application of AI and optimize the innovation ecosystem. (2) The meeting also deployed interest subsidy policies for personal consumer loans and loans to service industry entities. The draft "Law on the Protection and Quality Improvement of Cultivated Land" was approved in principle and submitted to the Standing Committee of the National People's Congress for deliberation. (3) The meeting emphasized the need to coordinate development and security, ensure effective flood prevention and disaster relief efforts, and maintain a bottom line of preventing systemic risks.

21:01:41

Extreme heat, strong winds, and persistent drought have caused wildfires to break out across Europe, forcing thousands to flee their homes. According to data released by the European Forest Fire Information System on the 29th, as of that day, 1,339 wildfires had occurred in the EU this year, up from 861 in the same period last year. Nearly 300,000 hectares of land have been burned, compared to the annual average of approximately 163,000 hectares for the same period over the past 19 years. (Xinhua News Agency)

21:01:20

Chile's copper production year-on-year rate in June

Previous : 9.40% Forecast : -

Published Value -6%

21:00:52

South African Reserve Bank statement: Risks to the inflation outlook appear balanced

21:00:52

South African Reserve Bank statement: We now have the opportunity to lock in low inflation and pave the way for lower interest rates

21:00:48

Sinopec's First-H1 Net Profit Expected to Decrease by 39.5%-43.7% (Note: The original text appears to be corrupted and should be omitted.) (1) Sinopec expects net profit attributable to parent company shareholders to be between 20.1 billion and 21.6 billion yuan in the first half of 2025, a year-on-year decrease of 39.5% to 43.7%. The company stated that it has stepped up efforts to optimize production and operations and control costs. (2) The decline in performance is primarily due to the sharp drop in international crude oil prices, intensified competition in the petroleum and petrochemical markets, and low chemical gross profit margins.

21:00:43

South African Reserve Bank statement: We expect economic growth to accelerate slightly in the coming years

21:00:42

South African central bank statement: Affected by supply-side issues, South Africa's basic economic growth trend remains sluggish

21:00:38

China's INE crude oil futures have just broken through the 530.0 yuan/barrel mark and are currently trading at 530.1 yuan/barrel, down 0.36% on the day.

21:00:34

South African Reserve Bank statement: Permanent tariff increases could cause greater damage to the global economy than so far this year

21:00:33

Myanmar announces lifting of state of emergency effective August 1st. (1) Myanmar's National Defense and Security Council (NDSC) decided on July 31st to lift the four-and-a-half-year state of emergency effective August 1st, establishing a new federal government with U Nyu Soe as Prime Minister. (2) The National Security and Peace Council (NSPC) will consist of 10 members, with Min Aung Hlaing continuing to serve as Chairperson, Acting President, and Commander-in-Chief of the Defense Forces. The government announced plans to hold a multi-party general election within six months of the end of the state of emergency. The Union Election Commission previously stated that the election would be held between mid-December 2025 and mid-January 2026. (Refinitiv)

21:00:31

South African Reserve Bank statement: The US tariff suspension will expire on Friday, and many countries have not yet reached a trade agreement

21:00:07

The main thread price fell by 1.11% to 3207 yuan/ton

21:00:07

The main liquefied petroleum gas futures fell by 1.38% to 4,000 yuan/ton

21:00:05

Russia's gold and foreign exchange reserves for the week ending July 25

Previous : 6837 Forecast : -

Published Value 6955

20:57:25

Shenzhen Luohu Port Launches Departure Tax Refund Service: (1) Shenzhen Luohu Port officially launched its departure tax refund service on July 31st, bringing the number of departure tax refund ports in Shenzhen to six, maintaining the record of the largest number and most comprehensive range of ports in China. (2) In the first half of 2025, Luohu Port handled 33.7 million inbound and outbound passengers (an increase of 11.7% year-on-year), accounting for 25.9% of Shenzhen's total, and its passenger volume ranks among the highest in the country.

20:57:07

KKR's Q2 Assets Under Management Reach $686 Billion: (1) KKR's total revenue in the second quarter increased 22% year-over-year to $5.09 billion, with adjusted earnings per share of $1.18 (expected $1.14). Assets under management increased 14% to $686 billion (expected $683.7 billion). (2) The company's co-CEOs stated that global investment, liquidity, and fundraising activities are maintaining strong momentum, and expressed optimism about second-half performance.

20:56:22

Sony Launches Fourth Phase of "China Star Program" (⑴) Sony Interactive Entertainment announced the launch of Phase 4 of the "China Star Program" on July 31st, increasing investment and providing more comprehensive support for selected projects. (⑵) This phase will introduce more strategic partners, expand developers' global resource networks, and provide targeted professional services.

20:56:07

Tujia Homestay Waives Summer Commissions for Beijing Flood-Affected Hosts: ⑴ On July 31st, Tujia Homestay announced that it would waive summer commissions for hosts in Beijing's severely affected areas, including Huairou, Yanqing, and Miyun. Traffic support will be provided after the homes have been repaired and reopened. ⑵ Extremely heavy rainfall in late July caused flooding in many suburban areas of Beijing. Preliminary investigations by the platform indicate that some homes have sustained significant damage.

20:55:20

Cathay Pacific and Haitong Securities: Recommending a Contrarian Investment in the Aviation Sector. (1) A Cathay Pacific and Haitong Securities research report indicates that China's aviation industry has entered an era of low supply growth. Market-based ticket pricing will drive continued upward profitability, and short-term demand fluctuations will not alter the positive medium-term trend. (2) An improvement in the supply and demand structure is expected over the next two years, coupled with falling oil prices and easing industry competition. We recommend seizing the opportunity presented by peak season adjustments to invest in a contrarian position.

20:54:08

Cathay Pacific and Haitong Securities: The Coal Industry May Have Bottomed Out, Maintaining an "Overweight" Rating. (1) A Cathay Pacific and Haitong Securities research report indicates that the coal industry has escaped the "prisoner's dilemma under cash flow pressure," and the second quarter of 2025 may represent a mid-term fundamental bottom. (2) By comparing the supply structure differences with cyclical industries such as polysilicon and glass, we maintain an "Overweight" rating on the coal industry.

20:53:57

Chongqing Police Investigate and Address Fraud Case of Impersonating Meituan Riders for Begging] 1. Chongqing Yuzhong District police investigated and addressed a case of begging fraud involving individuals impersonating Meituan riders. The suspect, Yang Moumou (registered as a crowdsourcing rider in 2019 and cancelled his account in 2023), purchased work clothes through an e-commerce platform and, along with Tang Moumou, begged in shopping districts under the guise of "saving their children." 2. Meituan cooperated with police to verify that the suspects were not active riders. Both suspects have been detained for eight days in accordance with the law.

20:53:57

Nordic Power Market Tug of War: Wet Weather and Low Water Levels Clash, Stable First-Quarter Prices] ⑴ Nordic first-quarter electricity prices remained stable on Thursday, as relatively low water levels in hydropower generating areas offset downward pressure from recent wet weather forecasts. ⑵ Nordic first-quarter contract prices remained unchanged at €49.7 per megawatt-hour. ⑶ Nordic year-on-year contracts rose €0.1 to €39.65 per megawatt-hour, reaching their highest level since June 17. ⑷ Lukas Sigg, CEO of Nordic Energy Consulting, stated that despite forecasts for more rain, the hydropower balance remains significantly in deficit. ⑸ Lower wind power generation this week may also have provided some short-term support to the market. ⑹ The rise in year-on-year contract prices is likely driven by risk appetite, as natural gas and German electricity prices remain above their levels earlier this summer. ⑺ LSEG meteorologist Georg Müller predicts continued cloudy and wet weather in Scandinavia over the weekend and early next week, with above-normal rainfall. ⑻ The price of next-day physical electricity in Northern Europe fell by €1.61 to €44.29 per megawatt-hour. ⑼ The benchmark European carbon market contract fell by €0.18 to €72.68 per ton. ⑽ Wholesale natural gas prices in the Netherlands and the UK fell due to profit-taking and expectations of increased wind power generation. ⑾ German electricity prices rose by €0.35 to €88.9 per megawatt-hour this year.

20:53:42

US inflation rebounded unexpectedly, sending Treasury yields briefly higher before falling again, leaving the market uncertain. ⑴ On July 31st, following the release of US inflation data, Treasury yields briefly narrowed their losses amidst volatile trading. ⑵ This data was slightly higher than market expectations, supporting the Federal Reserve's continued patience on rate cuts. ⑶ Specific data showed that the 10-year Treasury yield briefly narrowed its losses after the data release, currently down 3 basis points to 4.348%. ⑷ The 2-year Treasury yield also briefly narrowed its losses, currently unchanged at 3.932%. ⑸ In addition, better-than-expected US initial jobless claims suggest the labor market hasn't deteriorated sharply, further supporting the Federal Reserve's cautious stance. ⑹ However, the volatility in the Treasury market was short-lived. ⑺ Subsequently, US Treasury yields extended their declines again, with the 10-year yield falling 4.2 basis points to 4.336% and the 2-year yield falling to 3.928%. ⑻ This short-lived rally followed by a subsequent decline reflects the market's mixed emotions regarding inflation and employment data. ⑼ Although the data supports the Fed's patient stance, market views on the economic outlook and future interest rate path remain divided.

20:53:05

[Strange Signals Emerge from the US Job Market: Initial Jobless Claims Slightly Increase, But Will Reemployment Be More Difficult for Laid-Off Workers?] ⑴ The number of initial applications for unemployment benefits in the United States rose slightly last week, indicating a stable labor market. ⑵ However, this also suggests that laid-off workers are taking longer to find new jobs. ⑶ Initial jobless claims rose by 1,000 to a seasonally adjusted 218,000 in the week ending July 26, below economists' expectations of 224,000. ⑷ The slowdown in the labor market is partly due to uncertainty caused by Trump's tariff rhetoric, which has made businesses cautious about increasing hiring. ⑸ At the same time, the White House's tightening immigration policies have also reduced the labor supply. ⑹ Federal Reserve Chairman Powell stated that the labor market is balanced, but also pointed out that due to declining supply and demand, there are downside risks to the labor market. ⑺ Government data showed that the number of job openings per unemployed person fell to 1.06 in June, far below the 1.33 in January. ⑻ As of the week ending July 19, the number of people continuing to claim unemployment benefits remained unchanged at 1.946 million. ⑼ Although the number of initial unemployment claims was lower than expected, the signal of difficulty in finding re-employment and the upcoming non-farm payroll data will remain the focus of market attention.

20:53:01

Henan Province Introduces 36 Measures to Promote Sustained Economic Growth: (1) On July 31st, the Henan Provincial Government issued the "Several Policy Measures to Promote Sustained Economic Growth in the Second Half of 2025," specifying that the "Double Hundred Project" and provincial key projects will complete investment of 210 billion yuan and over 1 trillion yuan, respectively. (2) The issuance and use of special bonds will be accelerated to promote the commissioning of projects such as the BYD Mold Center in Zhengzhou and the Ningde Times Battery Phase II project. A dedicated team will be established to advance preliminary work on major projects such as the Zhengzhou Airport Phase III and the Nanxinhe High-Speed Railway, and to accelerate the progress of ongoing projects such as the Pingluozhou High-Speed Railway. (3) In terms of energy, the government will promote the approval and commencement of the Shaanxi Electric Power Supply to Henan project and the completion of projects such as the Xinyang Wuyue Pumped Storage Power Station.

20:52:38

A national meeting to promote grain and material reserves was held in Beijing today. The meeting emphasized the importance of closely monitoring and implementing measures to stabilize prices and ensure supply. It is crucial to coordinate grain procurement and market regulation, meticulously organizing summer and autumn grain purchases, ensuring smooth grain sales for farmers, maintaining a stable grain market, and keeping grain prices at reasonable levels. The "Iron Fist Operation" for grain circulation supervision must be thoroughly implemented, optimizing inspection methods and standardizing procedures. Illegal and irregular activities such as withholding grain sales payments to farmers must be severely investigated and punished, maintaining a high-pressure environment of strict supervision and robust law enforcement.

20:51:47

On July 31, Pakistani foreign businessman Ali Kamran successfully applied for a business license for Yiwu Awa Business Information Consulting Co., Ltd., marking the 10,000th foreign-invested business license issued in Yiwu. With this, the total number of foreign-invested business entities in Yiwu has officially reached 10,000. According to statistics, the investment sources of Yiwu's 10,000 foreign-invested business entities span over 160 countries and regions worldwide, forming a well-defined and diversified international cooperation structure. (Xinhua News Agency)

20:50:31

DJI releases the Osmo 360 8K panoramic camera, starting at ¥2,999. (1) DJI released the Osmo 360 8K panoramic camera on the evening of July 31st, supporting native 8K panoramic video and 120-megapixel panoramic photos. The basic version is priced at ¥2,999. (2) The product boasts a battery life of up to 100 minutes of 8K/30fps video, which can be extended to 120 minutes in long-lasting mode.

20:49:07

[US Stock Market Pre-Market Nasdaq Futures Rise 1.33%; US Core PCE Hit a 4-Month High in June] ⑴ US stock market pre-market Dow Jones futures rose 0.27%, S&P 500 futures rose 0.94%, and Nasdaq futures rose 1.33%. European stocks were mixed, with Germany's DAX down 0.17% and the UK's FTSE 100 up 0.39%. ⑵ US Core PCE rose 2.8% year-on-year in June, a 4-month high. Trump criticized Powell for being "overly political." Goldman Sachs warned of fiscal deficit pressures on US Treasuries and the US dollar. ⑶ In terms of individual stocks, Shake Shack fell over 8%, Comcast rose over 3% (Q2 earnings report exceeded expectations), and AbbVie rose over 3% (raising earnings per share guidance). WTI crude oil fell 0.54% to $69.62 per barrel.

20:47:48

Shuanghui Development and Huirun Foods Achieve Strategic Cooperation: (1) On July 31st, Shuanghui Development and Huirun Foods signed a cooperation agreement, establishing in-depth collaboration in areas such as fresh meat processing and the research and development of pre-prepared meat products. (2) Upon commissioning, the project is expected to slaughter 1 million pigs annually, generating an annual output value of 1.7 billion yuan.

20:47:34

Chenglong Trucks claims Li Auto's collision video infringes upon its copyright. (1) Chenglong Trucks issued a statement alleging that a head-on collision video released by a certain car brand (Li Auto) on July 29th constituted serious copyright infringement and allegedly violated the Anti-Unfair Competition Law and other laws and regulations. The company reserves the right to pursue legal action. (2) Li Auto recently released its all-electric SUV, the i8, and displayed a crash test video showing significant damage to the Chenglong truck after a head-on collision. This video sparked online controversy.

20:46:21

Citigroup raised its rating on CoreWeave to "buy" from "neutral" with a price target of $160, noting that CoreWeave's existing multi-year contracts with Microsoft, OpenAI, and others will drive revenue growth.

20:45:51

U.S. Treasury yields continued to fall, with the 10-year Treasury yield falling 4.2 basis points to 4.336%; the two-year Treasury yield fell to 3.928%.

20:45:24

On July 30, Fosun Tourism Group signed an 800 million euro syndicated loan agreement with Natixis, Credit Agricole CIB, Deutsche Bank, Standard Chartered Bank, HSBC, BNP Paribas and Societe Generale.

20:44:58

On July 30th, local time, German Alternative for Germany (AfD) leader Weidel visited Hungary and met with Hungarian Prime Minister Orbán. Later, in an interview with a podcast, she stated that the trade deal recently announced between the EU and the US was a "Trump deal," and that both the EU and European Commission President Ursula von der Leyen had been "duped." Weidel noted that US tariffs have harmed European industry, and that Europe is now forced to pay to support Ukraine's arms purchases from the US, paying for a war no one wants. "This is absurd and demonstrates European weakness"—this agreement is fundamentally contrary to the wishes of the European people. On July 27th, local time, Trump and Ursula von der Leyen jointly announced the conclusion of a new US-EU trade agreement. Trump revealed some details of the new agreement, including a 15% US tariff on EU exports, an additional $600 billion in EU investment in the US, and $750 billion in US energy purchases. (CCTV International News)

20:44:16

A-shares closed strong in July, with total market capitalization increasing by 4.43 trillion yuan. (1) In July, the Shanghai Composite Index rose 3.74%, the Shenzhen Component Index rose 5.2%, and the ChiNext Index rose 8.14%. The steel sector led the gains with a 16.76% increase, with Shangwei New Materials posting a record monthly gain of over 1,080%. (2) The total market capitalization of A-shares reached 104.48 trillion yuan, a monthly increase of 4.43 trillion yuan. Margin trading balance reached a ten-year high of 1.97 trillion yuan, with net purchases of 132.446 billion yuan in July.

20:43:52

BMW Group Successfully Issues RMB 3.5 Billion Panda Bonds: (1) BMW Group, through its wholly-owned subsidiary, BMW China Capital BV, has completed the issuance of RMB 3.5 billion in Panda Bonds, including one-year and three-year bonds. This marks the first Panda Bond issuance of the year. (2) Deutsche Bank served as joint lead underwriter, and the proceeds will be used for internal financing within the Group.

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Real-Time Popular Commodities

Instrument	Current Price	Change
XAU	3363.16	73.24 (2.23%)
XAG	37.003	0.319 (0.87%)
CONC	67.26	-2.00 (-2.89%)
OILC	69.48	-2.30 (-3.20%)
USD	98.678	-1.389 (-1.39%)
EURUSD	1.1594	0.0001 (0.01%)
GBPUSD	1.3282	-0.0001 (-0.00%)
USDCNH	7.1909	-0.0006 (-0.01%)

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