2025-07-31 Thursday
2025-08-03
20:41:15
Canada's average weekly income annual rate in May
Previous
:
4.43%
Forecast
:
-
Published Value
3.31%
Previous
20:41:07
[US Inflation Rebounds Unexpectedly, Further Adding to the Conflict about the Fed's Path to Rate Cuts] ⑴ US inflation accelerated in June as import tariffs began to push up the cost of some goods. ⑵ The personal consumption expenditures (PCE) price index rose 0.3% month-over-month in June, accelerating from a revised 0.2% in May. ⑶ Year-over-year, the PCE price index rose 2.6% in June, up from 2.4% in May and exceeding market expectations of 2.5%. ⑷ Excluding the volatile food and energy components, the core PCE price index rose 0.3% month-over-month and 2.8% year-over-year, matching May's increase. ⑸ Economists generally expect businesses to pass on the higher costs of tariffs to consumers in the second half of the year, pushing up prices. ⑹ Federal Reserve Chairman Powell suggested the impact of tariffs may be a "one-time price effect," but acknowledged that the transmission process may be slower than expected. ⑺ Consumer spending grew 0.3% in June, reversing the flat reading in May. ⑻ In the second quarter, the economy rebounded at an annualized rate of 3.0%, mainly due to a significant narrowing of the trade deficit. ⑼ Although the Federal Reserve kept interest rates unchanged on Wednesday, the rebound in inflation data may make it more cautious about whether to cut interest rates in September.
20:35:37
Shocking US PCE Data Release: Inflation Rebounds Surprisingly, Dealing Another Damper to Fed Rate Cut Hopes] ⑴ The US Personal Consumption Expenditures (PCE) price index rose 2.6% year-on-year in June, exceeding market expectations of 2.5%. ⑵ The May data was revised to a 2.4% increase. ⑶ The core PCE price index rose 2.8% year-on-year, also exceeding market expectations of 2.7%. ⑷ The year-on-year increase in core PCE in May was also revised to 2.8%. ⑸ Month-on-month, the PCE price index rose 0.3% in June, and the core PCE rose 0.3%, both in line with market expectations and higher than the May data. ⑹ Personal income grew 0.3% in June, exceeding expectations of 0.2%, reversing the 0.4% decline in May. ⑺ Personal spending grew 0.3%, slightly below the 0.4% expected growth, but breaking away from the flat growth in May. ⑻ Real consumer spending grew 0.1% in June, reversing the 0.2% decline in May. ⑼ The personal savings rate remained unchanged at 4.5%. ⑽ The unexpected rebound in inflation data, particularly the stubbornness of core PCE, may further reinforce the Fed's cautious stance. ⑾ This undoubtedly dampened market expectations of a September rate cut, suggesting that the Fed still faces challenges in addressing inflation.
20:30:46
Canada's seasonally adjusted GDP growth rate for May
Previous
:
1.30%
Forecast
:
0.90%
Published Value
1.20%
Previous
20:30:27
GBP/USD Technical Analysis: The current daily candlestick chart for GBP/USD shows a clear downward trend. The exchange rate has fallen for six consecutive trading days, forming a six-day losing streak, reflecting bearish sentiment and a lack of effective bullish resistance in the short term. The price has fallen below the middle Bollinger Band (1.3516) and is trading close to the lower Bollinger Band (1.3223). The intraday low reached 1.3209, just shy of the key support level of 1.3100, further deteriorating the technical outlook. The 1.3100 level represents medium-term support. Analysts believe a break below this level could open the way for a move to the 1.3000 level or even the previous low of 1.2708. From a technical perspective, the current market trend forms the right shoulder of a head-and-shoulders pattern originating from the 1.3788 high, confirming a typical reversal pattern. The MACD indicator shows that the DIFF and DEA lines continue to weaken and are below the zero axis, while the histogram remains green, indicating no signs of abating the bearish trend. The RSI (14-day moving average) is at 31.51, approaching oversold territory. While there is room for a short-term technical rebound, the trend remains downward. Overall, the GBP/USD pair is currently in a downtrend, with the Bollinger Bands widening and the K-line trading close to the lower band. The technical structure is bearish. A break below 1.3100 could trigger another round of accelerated decline.
20:30:20
The number of Americans continuing to claim unemployment benefits for the week ending July 19
Previous
:
195.50
Forecast
:
195.50
Published Value
194.60
Previous
20:30:20
The number of initial jobless claims in the United States for the week ending July 26
Previous
:
21.70
Forecast
:
22.40
Published Value
21.80
Previous
20:30:18
The four-week average of initial jobless claims in the United States for the week ending July 26
Previous
:
22.45
Forecast
:
-
Published Value
22.10
Previous
20:30:17
U.S. labor employment wage quarterly rate for the second quarter
Previous
:
0.80%
Forecast
:
-
Published Value
1%
Previous
20:30:15
The annual rate of the US PCE price index for June
Previous
:
2.30%
Forecast
:
2.50%
Published Value
2.60%
Previous
20:30:15
The quarterly rate of labor employment benefits in the United States for the second quarter
Previous
:
1.20%
Forecast
:
-
Published Value
0.70%
Previous
20:30:13
The monthly rate of the core PCE price index in the United States for June
Previous
:
0.20%
Forecast
:
0.30%
Published Value
0.30%
Previous
20:30:13
The annual rate of the core PCE price index in the United States for June
Previous
:
2.70%
Forecast
:
2.70%
Published Value
2.80%
Previous
20:30:11
The monthly rate of real personal consumption expenditure in the United States in June
Previous
:
-0.30%
Forecast
:
-
Published Value
0.10%
Previous
20:30:11
Monthly rate of personal spending in the United States in June
Previous
:
-0.10%
Forecast
:
0.40%
Published Value
0.30%
Previous
20:30:09
The monthly rate of the US PCE price index for June
Previous
:
0.10%
Forecast
:
0.30%
Published Value
0.30%
Previous
20:30:07
Monthly rate of personal income in the United States in June
Previous
:
-0.40%
Forecast
:
0.20%
Published Value
0.30%
Previous
20:30:05
Canada's seasonally adjusted GDP growth rate for May
Previous
:
-0.10%
Forecast
:
-0.10%
Published Value
-0.10%
Previous
20:30:05
The quarterly rate of labor employment costs in the United States for the second quarter
Previous
:
0.90%
Forecast
:
0.80%
Published Value
0.90%
Previous
20:05:07
[US layoffs surge in July, impacted by AI and tariffs] Data from the human resources firm Challenger, Gray & Christmas shows a surge in layoffs announced by US companies in July, significantly higher than the average for the same period since the pandemic, with the tech sector being the most affected. A report released Thursday showed that US companies announced 62,075 layoffs in July, compared to nearly 25,900 in the same period last year. This is the second-highest number of layoffs announced in July in the past decade, second only to the height of the COVID-19 pandemic in 2020. The report noted that the main reasons for companies' planned layoffs include artificial intelligence and tariffs, with uncertainty about the economic outlook leading to layoffs and store closures in the retail sector. Major tech companies have announced layoff plans in recent weeks. Intel announced plans to cut its workforce by 15%, and Microsoft launched its second wave of large-scale layoffs this year, expected to affect 9,000 employees. The tech industry is increasing spending on AI and trying to cut costs in other areas.
20:01:39
South Africa's budget revenue and expenditure in June changed compared with the previous month
Previous
:
-101.20
Forecast
:
-
Published Value
487.50
Previous
20:00:22
Preliminary reading of Germany's harmonized CPI monthly rate for July
Previous
:
0.10%
Forecast
:
0.40%
Published Value
0.40%
Previous
20:00:21
Preliminary value of Germany's harmonized CPI annual rate for July
Previous
:
2%
Forecast
:
1.90%
Published Value
1.80%
Previous
20:00:19
Preliminary reading of Germany's CPI monthly rate for July
Previous
:
0%
Forecast
:
0.20%
Published Value
0.30%
Previous
20:00:17
The preliminary annual rate of Germany's CPI in July
Previous
:
2%
Forecast
:
1.90%
Published Value
2%
Previous
20:00:06
The preliminary annual rate of Germany's CPI in July
Previous
:
2%
Forecast
:
1.90%
Published Value
2%
Previous
20:00:06
Preliminary reading of Germany's CPI monthly rate for July
Previous
:
0%
Forecast
:
0.20%
Published Value
0.30%
Previous
20:00:05
Preliminary value of Germany's harmonized CPI annual rate for July
Previous
:
2%
Forecast
:
1.90%
Published Value
1.80%
Previous
20:00:05
Preliminary reading of Germany's harmonized CPI monthly rate for July
Previous
:
0.10%
Forecast
:
0.40%
Published Value
0.40%
Previous
20:00:03
Brazil's unemployment rate in June - National Household Sample Survey
Previous
:
6.20%
Forecast
:
6%
Published Value
5.80%
Previous
19:59:44
USD/CHF Technical Analysis: The current 60-minute candlestick chart shows a bullish continuation pattern. Since initiating trading at 0.7941, the pair has generally trended above the middle Bollinger Band. After breaking through resistance at 0.8088, it surged to 0.8150 with significant volume, forming a strong upward trend. From a Bollinger Band perspective, the channel has opened, with the upper band at 0.8162, indicating that upside potential remains uncapped. The current candlestick pattern is consolidating near the middle Bollinger Band (0.8120) and holding above support at 0.8110, indicating that bulls remain in control. While the MACD indicator shows signs of a death cross between the DIFF and DEA lines, the MACD histogram is showing signs of a greenish decline, suggesting a lack of effective bearish momentum, possibly indicating technical consolidation within the trend. Analysts suggest that if the pair re-establishes above 0.8135, it could test the previous high of 0.8150 and challenge the upper resistance level. The Relative Strength Index (RSI) is currently at 55.48, in a neutral to bullish range with no clear overbought signals, suggesting further upside potential. Overall, the technical outlook remains bullish, with the market poised for further gains after a short-term period of consolidation.
19:59:24
South Africa's trade balance in June - including regions
Previous
:
216.70
Forecast
:
251.50
Published Value
220.40
Previous
19:57:26
European Airlines Defy the Trend: Lufthansa and Air France-KLM See Profit Growth, Are Transatlantic Routes a New Growth Engine? ⑴ Despite economic uncertainty, European airlines Lufthansa and Air France-KLM both reported second-quarter profit growth on Thursday. ⑵ Lufthansa's second-quarter operating profit increased 27% year-on-year to €871 million, exceeding analysts' average estimate of €805 million. ⑶ Air France-KLM's second-quarter operating profit rose to €736 million, in line with analysts' expectations. ⑷ Lufthansa CEO Carsten Spohr stated that despite the ongoing geopolitical crisis and economic uncertainty, the company maintains a positive outlook for the full year. ⑸ US airline bookings improved in late June, following a sharp decline in March and April after Trump's tariff rhetoric sparked trade war concerns. ⑹ Despite the profit growth at European airlines, demand stability at US airlines remains weaker than expected at the beginning of the year, and price-sensitive passenger spending remains sluggish. 7. Lufthansa's profit growth was partially driven by its investment in Italy's ITA Airlines, which delivered "unexpectedly large" profits. 8. Bernstein analysts noted that Air France-KLM's sales performance in the North Atlantic significantly outperformed Lufthansa's. 9. Lufthansa's share price rose 0.8%, while Air France-KLM's rose 6.5%, indicating growing market confidence in European airlines. 10. Air France benefited from strong demand to Paris, while KLM continued to grapple with ongoing challenges at Amsterdam Airport.
19:55:16
Kraft Heinz's earnings report beat expectations, but margin and innovation struggles persist? ⑴ Kraft Heinz, the Philadelphia cream cheese maker, reported second-quarter results on Wednesday that exceeded market expectations. ⑵ This was primarily driven by strong demand for its staples and condiments in the US market. ⑶ Amidst rising inflation and economic uncertainty, more consumers are opting to dine at home, providing support for the company. ⑷ Jefferies analysts noted that Kraft Heinz faces inflationary pressures and is less willing than its peers to fully pass on price increases to consumers. Investment portfolio uncertainty also casts a shadow on the outlook. ⑸ Despite some improvement in the second quarter, Jefferies believes the company still faces more short-term headwinds than positives and maintains a "hold" rating with a target price of $28. ⑹ Bernstein analysts stated that Kraft Heinz underinvested in new product development over the past decade but is now on the right track with a focus on innovation. ⑺ Evercore ISI stated that it will closely monitor whether the company's increased marketing and promotional investments can boost domestic retail sales in the second half of the year. ⑻ Piper Sandler expressed caution about the company's ongoing business strategy review, uncertain whether it will effectively address the challenges facing many brands. ⑼ Overall, despite the strong financial performance, Kraft Heinz still faces numerous challenges in terms of profitability, innovation, and strategic transformation.
19:47:03
[Federal Reserve Hawkish Voice: Hopes of a September Rate Cut Are Dashed, Sending Markets into Surge] ⑴ The US dollar swap market opened mixed, with the swap spread curve and the Treasury yield curve showing a bull market flattening trend. ⑵ This market volatility was primarily driven by remarks made by Federal Reserve Chairman Powell at the press conference following the Federal Open Market Committee (FOMC) meeting, which significantly reduced market expectations for a September rate cut. ⑶ Although two FOMC members, Waller and Bowman, dissented from the 25 basis point rate cut, Powell was not forced to signal a September rate cut, stating that the Fed had not yet made a decision on the matter. ⑷ Powell emphasized that the labor market has not weakened and believed that current policy is appropriate given that inflation has not yet reached the Fed's target. ⑸ Money market rates subsequently rose and continued to climb, putting pressure on the Secured Overnight Financing Rate (SOFR) futures curve. ⑹ In response, on the swap spread side, buying of the 2-year and 3-year swap spreads increased, even though the 2-year and 3-year Treasury yields performed worse than expected. ⑺ Overnight swap volume was light, mainly dominated by repo operations at the far end of the curve by "quick money" and "real money" accounts, which was related to position adjustments before the release of US inflation data. ⑻ The 2-year swap spread was -24.00 basis points, the 3-year was -30.25 basis points, and the 10-year was -53.75 basis points. ⑼ Treasury yields fell slightly, and the yield curve remained compressed after Powell's press conference, as he extinguished market hopes for a September rate cut. ⑽ The mild buying of overnight Treasuries was mainly driven by short covering in preparation for the upcoming release of the core PCE data, the Fed's preferred inflation indicator.
19:42:07
my country Establishes First National Standard Verification Site in Water Conservancy: Recently, the National Standard Verification Site (Water Conservancy), recommended by the Ministry of Water Resources, was approved by the Standardization Administration of China (SAC), marking the first national-level standard verification platform in the water conservancy sector. The National Standard Verification Site (Water Conservancy), undertaken by the China Institute of Water Resources and Hydropower Research, closely addresses the standard verification needs of international, national, industry, local, group, and enterprise organizations in the water conservancy sector. It brings together resources in scientific research, measurement and testing, inspection and testing, and certification and accreditation, deepens the integration and innovation of resource elements, and establishes a public welfare, market-oriented, industry-university-research-application collaboration and digital service model. The site conducts verification services and standard-related research on water conservancy standard technical requirements, core indicators, testing and inspection methods, and other areas. This aims to improve the scientific nature, rationality, and applicability of water conservancy technical standards and enhance their quality.
19:32:46
[National Energy Administration: 278 million green certificates were issued in June, a month-on-month increase of 29.33%] Data from the National Energy Administration show that 278 million green certificates were issued in June 2025, a month-on-month increase of 29.33%, involving 198,700 renewable energy power generation projects, of which 196 million were tradable green certificates, accounting for 70.64%. In this period, 202 million green certificates corresponding to renewable energy electricity in May 2025 were issued, accounting for 72.70%. From January to June 2025, the National Energy Administration issued a total of 1.371 billion green certificates, of which 958 million were tradable green certificates. In June, 60.91 million green certificates were traded nationwide, of which 10.33 million were green electricity trading certificates. From January to June 2025, 348 million green certificates were traded nationwide, of which 107 million were green electricity trading certificates.
19:31:54
Brazil's net debt as a proportion of GDP in June
Previous
:
62%
Forecast
:
62.40%
Published Value
62.90%
Previous
19:31:49
The proportion of Brazil's total debt to GDP in June
Previous
:
76.10%
Forecast
:
-
Published Value
76.60%
Previous
19:31:29
Brazil's nominal budget balance for June
Previous
:
-1258.85
Forecast
:
-
Published Value
-1081.07
Previous
19:31:21
Brazil had a basic budget surplus in June
Previous
:
-337.40
Forecast
:
-409
Published Value
-470.91
Previous
19:30:56
The annual rate of layoffs by Challenger companies in the United States in July
Previous
:
-1.60%
Forecast
:
-
Published Value
139.80%
Previous
19:30:26
The monthly rate of layoffs by Challenger companies in the United States in July
Previous
:
-48.84%
Forecast
:
-
Published Value
29.33%
Previous
19:30:03
The number of layoffs by Challenger companies in the United States in July
Previous
:
4.80
Forecast
:
-
Published Value
6.21
Previous
19:29:16
ECB Rate Cut Expectations Failed: German 2-Year Bund Yield Hits 3-Month High, Is Market Trend Shifting? ⑴ Money markets pared bets on ECB rate cuts on Thursday, now anticipating no further ECB easing this year. ⑵ Germany's interest-rate-sensitive 2-year Bund yield rose to a 3-month high as a result. ⑶ The market now sees only a 44% probability of a 25 basis point ECB rate cut this year, compared to a near certainty before the US-EU trade deal and ECB meeting were announced a week ago. ⑷ At the meeting, the ECB kept interest rates unchanged and offered a moderately optimistic assessment of the eurozone economy. ⑸ German 2-year Bund yields rose nearly 3 basis points on Thursday, reaching a high of 1.965%, the highest level since early April. ⑹ Rohan Khanna, head of European rates strategy at Barclays, noted that ECB President Christine Lagarde expressed dismissiveness at her press conference about any potential dovish policy shift. ⑺ Inflation data from some of the eurozone's largest economies released Thursday also offered little reason for further rate cuts, with price increases in line with or slightly above expectations, suggesting that the eurozone's overall data, due on Friday, will be close to the ECB's 2% target. ⑻ Although some policymakers had expressed concern last month that inflation could fall significantly below target, necessitating further rate cuts, those concerns now appear unlikely. ⑼ Long-term government bond yields declined slightly, flattening the yield curve. ⑽ The German 10-year bond yield, the eurozone benchmark, fell about 1 basis point to 2.70%, reversing a slight rise the previous day. ⑾ It is now about 73 basis points above the two-year yield, bringing the yield curve to its flattest level in a month. ⑿ Later release of US personal consumption expenditures (PCE) inflation data, the Federal Reserve's preferred inflation indicator, may be more important to the market than the European inflation data.
19:27:35
[Ministry of Transport: Promoting Large-Scale Equipment Upgrades and Green, Low-Carbon Transformation in Transportation] On July 31st, the Ministry of Transport held its 2025 semi-annual work conference. The conference emphasized the need to accelerate the development of a comprehensive national transportation network, accelerate the construction of major projects, effectively utilize various financial support policies, serve the implementation of major national strategies, and plan a number of major projects. We must further promote cost reduction, quality improvement, and efficiency enhancement in transportation and logistics, deepen transportation structure adjustment and multimodal transport development, accelerate pilot projects for major domestic transportation and logistics corridors, deepen the integration and development of transportation and logistics with related industries, and promote large-scale equipment upgrades and green, low-carbon transformation in transportation. We must cultivate and strengthen new high-quality productivity in the transportation sector, strengthen major scientific and technological research, vigorously develop smart transportation, and lead industrial innovation through scientific and technological innovation.
19:21:50
India's federal fiscal deficit in June - local currency INR
Previous
:
1316.30
Forecast
:
-
Published Value
28073.20
Previous
19:18:53
State Council Executive Meeting: Study and Implement the Spirit of General Secretary Xi Jinping's Important Speech on the Economic Situation in the First Half of the Year and Doing a Good Job in Economic Work in the Second Half of the Year] Li Qiang presided over a State Council Executive Meeting to study and implement the spirit of General Secretary Xi Jinping's important speech on the economic situation in the first half of the year and do a good job in economic work in the second half of the year. The meeting emphasized the need to deeply understand the Party Central Committee's scientific assessment of the economic situation, further strengthen the sense of responsibility and mission in doing a good job in economic work in the second half of the year, bravely shoulder responsibilities, overcome difficulties, and consolidate and expand the positive momentum of economic recovery. We must anchor ourselves to the annual development goals and tasks, step up efforts to enhance the effectiveness of macroeconomic policies, continue to tackle difficult problems, and make greater efforts to implement the decisions and arrangements of the Party Central Committee. We must focus more on stimulating the endogenous driving force of economic development, continue to deepen reforms in key areas, and achieve greater results in building a unified national market and optimizing the business environment. We must better coordinate development and security, firmly adhere to the bottom line of preventing systemic risks, carry out solid flood prevention, emergency rescue and disaster relief work, and more thoroughly and meticulously implement various response measures to fully protect people's lives and property.