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02:11:58

The United States has excluded copper cathodes from its import tariffs. (Refinitiv)

02:11:56

On Wednesday, the Federal Reserve, embroiled in internal divisions, decided to maintain its benchmark interest rate unchanged after withstanding fierce criticism from President Trump and objections from two senior officials. The Federal Open Market Committee (FOMC), which sets the overnight lending rate, voted 9-2 to pause the move, maintaining the federal funds rate in the 4.25%-4.5% range. While this rate only determines the cost of overnight interbank borrowing, it influences the price of funds throughout the economy. However, this decision was opposed by two board members, Michelle Baumann and Christopher Waller, who advocated for initiating rate cuts to reflect the outlook for controlled inflation and a potentially weakening labor market. This marked the first time since late 1993 that multiple board members had voted against an interest rate decision. (Refinitiv)

02:11:56

The White House said some de minimis duty-free exemptions for US travelers remain in effect. (Refinitiv)

02:11:49

The United States excludes copper cathodes from import tariffs.

02:08:39

After the Federal Reserve held interest rates steady, the dollar briefly gave up gains against the yen, currently trading up 0.18% at 148.825 yen. The dollar index rose, currently trading up 0.55% at 99.433. The euro fell against the dollar, currently trading at $1.148325, down 0.53%. The dollar rose against the Swiss franc, currently trading at 0.80955 Swiss franc, up 0.51%.

02:08:08

The Federal Reserve held interest rates steady on Wednesday, a rare moment of disagreement in the decision. The statement did not specify when a rate cut might occur. The decision was dissented by two Trump-appointed governors, Waller and Bowman, who both argued that current monetary policy was too tight. This marked the first time in over 30 years that two governors dissented. The FOMC voted 9-2 to keep the benchmark overnight rate in the 4.25%-4.50% range, marking the fifth consecutive meeting without changing its stance. The Fed's statement stated, "The unemployment rate remains low, labor market conditions remain solid, and inflation remains moderately elevated." It also noted that economic growth "moderated somewhat" in the first half of the year, potentially strengthening the case for a rate cut at a future meeting if this trend persists. However, the statement also emphasized that "uncertainty about the economic outlook remains elevated" and noted risks to both inflation and employment targets. This language reflects the Fed's reluctance to cut rates without clarity on the path of inflation and employment.

02:05:51

US President Trump said negotiations are currently underway with India. (Refinitiv)

02:05:50

U.S. President Trump said everyone will know by the end of the week. (Refinitiv)

02:05:49

US President Trump said he is currently in negotiations with Harvard University and that the university wants to reach a settlement, and he said he would see what happens. (Refinitiv)

02:05:46

"Federal Reserve mouthpiece" Nick Timiraos: The Federal Reserve's interest rate decision kept interest rates unchanged. Bowman and Waller disagreed and favored a rate cut. The first two paragraphs of the statement were in line with market expectations, but there was no obvious wording modification.

02:05:46

Before the Federal Reserve released its interest rate decision statement, the US dollar index rose 0.56% to 99.439 points. The 10-year U.S. Treasury yield narrowed to less than 2.8 basis points at 4.3481%. The two-year U.S. Treasury yield rose 1.6 basis points, falling below 3.89%. Spot gold fell 0.76% to $3,301. The S&P 500 rose 0.23%, the Dow Jones Industrial Average was roughly flat, the Nasdaq rose 0.43%, the Biotechnology Index rose 1%, the Philadelphia Semiconductor Index rose 1.2%, the Bank Index rose 0.5%, and the Russell 2000 Index rose 0.9%.

02:05:46

U.S. President Trump said Canada has been charging American farmers fees for years. (Refinitiv)

02:05:44

Mexico's Finance Ministry said public finances remained stable in the first half of the year.

02:05:42

According to the Mexican Ministry of Finance, tax revenue actually increased by 8% in the first half of this year compared with the same period last year.

02:05:40

The upper limit of the US FOMC interest rate decision is 4.5%, which is the same as expectations and the previous value; the lower limit of the US FOMC interest rate decision is 4.25%, which is also consistent with expectations and the previous value.

02:05:39

The Federal Reserve kept its benchmark interest rate unchanged at 4.25%-4.50% for the fifth consecutive time, in line with market expectations. This was the fifth consecutive meeting at which it remained on hold.

02:05:38

The Federal Reserve's FOMC statement said that labor market conditions remain solid. Federal Reserve Board members Waller and Bowman opposed keeping interest rates unchanged. At the same time, the discount rate remained unchanged at 4.50%, the reserve balance rate remained unchanged at 4.40%, and the overnight reverse repurchase rate remained unchanged at 4.25%.

02:05:35

The Federal Reserve announced it would maintain interest rates unchanged on the 30th, concluding its two-day monetary policy meeting. The meeting announced it would maintain the target range for the federal funds rate at 4.25% to 4.50%. Facing continued pressure from the Trump administration for a rate cut, this is the fifth consecutive time the Fed has maintained interest rates unchanged. Observers believe the Fed's wait-and-see approach earlier this year stemmed from uncertainty surrounding the new US administration's tariff policies, and its current wait-and-see approach is primarily driven by its assessment of the actual impact of the government's tariff policies on prices this year. The Federal Reserve's Beige Book, released mid-month, showed that prices rose in all US Federal Reserve districts from late May to early July. Some analysts point out that given the relatively robust US job market, the Fed is more inclined to maintain price stability to mitigate the risk of tariffs leading to higher domestic prices and a resurgence of inflation. Wall Street generally expects the Fed to cut interest rates twice this year, totaling 50 basis points, with the first cut expected in September, with a near 65% probability. (CCTV Finance)

02:05:35

The Federal Reserve's FOMC statement pointed out that economic growth slowed down in the first half of this year, and uncertainty in the economic outlook remained at a high level.

02:05:33

After the Fed statement was released, U.S. Treasury yields gave up their gains, with the 10-year Treasury yield rising 2 basis points to 4.348%. At the same time, the U.S. Treasury 2-year/10-year yield curve steepened, with the latest spread at 46.3 basis points.

02:05:32

The White House announced that US President Trump signed an executive order imposing a 40% tariff on Brazil. (Refinitiv)

02:05:30

According to the White House, US President Trump suspended the duty-free treatment of global commercial shipping and signed an executive order to impose a 40% tariff on Brazil, bringing the total tariff rate to 50%. (Refinitiv)

02:05:28

According to "Federal Reserve mouthpiece" Nick Timiraos, the Federal Reserve's interest rate decision decided to keep interest rates unchanged. Bowman and Waller disagreed and were in favor of a rate cut. The first two paragraphs of the statement were in line with market expectations and there was no obvious wording modification.

02:05:27

The White House announced a suspension of minimum immunity effective August 29. (Refinitiv)

02:05:20

The White House: US President Trump has suspended duty-free treatment for global commercial shipments. Trump signed an executive order imposing a 40% tariff on Brazil, bringing the total tariff rate to 50%.

02:02:53

The Federal Reserve announced it would maintain interest rates unchanged. The US Federal Reserve concluded its two-day monetary policy meeting on the 30th, announcing that it would maintain the target range for the federal funds rate at 4.25% to 4.50%. Facing continued pressure from the Trump administration for a rate cut, this is the fifth consecutive time the Fed has maintained interest rates unchanged. Observers believe the Fed's wait-and-see approach earlier this year stemmed from uncertainty surrounding the new US administration's tariff policies, and its current wait-and-see approach is primarily due to its assessment of the actual impact of the government's tariff policies on prices this year. The Federal Reserve's National Economic Conditions Survey ("Beige Book"), released mid-month, showed that prices rose in all US Federal Reserve Districts from late May to early July. Some analysts point out that given the relatively strong US job market, the Fed is more inclined to maintain price stability to mitigate the risk of tariffs leading to higher domestic prices and a resurgence of inflation. Wall Street generally expects the Fed to cut interest rates twice this year, totaling 50 basis points, with the first cut expected in September, with a near 65% probability. (CCTV Finance)

02:02:29

Before the Federal Reserve released its interest rate statement, the US dollar index rose 0.56% to 99.439. The 10-year US Treasury yield narrowed its gains to less than 2.8 basis points at 4.3481%, while the two-year US Treasury yield rose 1.6 basis points, falling back below 3.89%. Spot gold fell 0.76% to $3,301. The S&P 500 rose 0.23%, the Dow Jones Industrial Average was roughly flat, the Nasdaq rose 0.43%, the Biotech Index rose 1%, the Philadelphia Semiconductor Index rose 1.2%, the Bank Index rose 0.5%, and the Russell 2000 rose 0.9%.

02:02:07

The Federal Reserve's FOMC statement stated: Labor market conditions remain solid. Federal Reserve Governors Waller and Bowman dissented from maintaining interest rates unchanged. The discount rate remained unchanged at 4.50%, the interest rate on reserve balances remained unchanged at 4.40%, and the overnight reverse repurchase rate remained unchanged at 4.25%.

02:01:41

[The Federal Reserve keeps interest rates unchanged for the fifth consecutive time] The Federal Reserve keeps interest rates unchanged for the fifth consecutive time. The Federal Reserve kept the benchmark interest rate unchanged at 4.25%-4.50%, in line with market expectations, and remained unchanged for the fifth consecutive meeting.

01:49:29

Trump: Powell 'Probably Won't' Cut Rates Today. The S&P 500 rose 0.27%, the Dow Jones Industrial Average rose 49 points, and the Nasdaq Composite rose 0.49%. US President Trump announced that he was negotiating trade issues with other countries. With only 20 minutes left before the Federal Reserve's interest rate announcement, Trump predicted that Powell would not cut rates today.

01:47:04

Michelle, global head of fixed income at JPMorgan Chase, said: "The inflation data for June showed that inflation is beginning to show signs of transmission. I believe that Powell will reiterate his stance of preferring an easing policy."

01:46:49

German Finance Minister: Urged cabinet ministers to cut spending to fill a budget gap of more than 30 billion euros in 2027.

01:46:39

Michelle, global head of fixed income at JPMorgan: The reason for buying 10-year bonds is that interest rates will fall at some point.

01:46:28

Michel, global head of fixed income at JPMorgan Chase, said: "Inflation data in June showed that inflation is beginning to show signs of transmission. I believe Powell will reiterate his stance of preferring an easing policy."

01:46:03

JPMorgan Chase's global head of fixed income, Michel, said the Fed is likely to remain on hold in September. The full impact of tariffs across the entire quarter has yet to be seen. We expect one or even two dissenting votes from the Fed.

01:45:09

The Bank of Canada announced on July 30th that it would maintain its benchmark interest rate at its current level of 2.75%. The Bank of Canada stated that Canada's economy experienced strong growth in the first quarter due to frontloading of exports in response to tariffs, but GDP is likely to decline by approximately 1.5% in the second quarter. This contraction is primarily due to a sharp reversal of exports following the frontloading of exports and a decline in US demand for Canadian goods due to tariff threats. Several economic indicators suggest that oversupply in the Canadian economy has increased since January. The Bank of Canada stated that despite some clarity on US trade policy in recent weeks, US trade actions remain unpredictable, trade negotiations remain volatile, and the threat of new sectoral tariffs persists. The Bank of Canada predicts that under the current tariff conditions, Canada's economic growth will rebound to approximately 1% in the second half of this year as exports stabilize and household spending gradually increases, but economic weakness will persist until 2026. If tariffs are eased, Canada's economic growth will rebound more quickly; if tariffs escalate, the economy will continue to contract throughout the year. In March this year, the Bank of Canada announced a 25 basis point cut in its benchmark interest rate to 2.75%, and maintained the benchmark interest rate unchanged in April and June. (CCTV News)

01:44:42

US President Trump: Countries that have not yet negotiated will receive a "bill".

01:43:40

German Economy Declines 0.1% Quarter-on-Quarter in Second Quarter: Preliminary data released by the Federal Statistical Office of Germany on July 30th local time showed that, after adjusting for prices, seasons, and working days, Germany's GDP fell 0.1% quarter-on-quarter in the second quarter of this year. The Federal Statistical Office stated that following the economic recovery at the beginning of the year, the momentum of German economic growth has weakened. The German Institute for Economic Research issued a statement the same day stating that the new trade agreement recently reached between the EU and the US on tariffs will further increase the burden on the German economy. Carsten Brzeski, head of macro research at ING Group, stated that if the US imposes a 15% tariff on the EU, it is expected to drag down the German economy by 0.1 to 0.2 percentage points. (CCTV News)

01:39:14

Hassett, director of the White House National Economic Council: The current data is consistent with what the Fed needs to cut interest rates, and I respect the independence of the Fed.

01:39:00

Hassett, director of the White House National Economic Council: Many economists believe that the Fed is acting too slowly.

01:26:50

[Copper Tariffs Impending, U.S. Copper Inventories Rise to 21-Year High] Copper inventories in U.S. exchange warehouses have risen to a 21-year high, as traders stepped up shipments to the U.S. before Trump's tariffs take effect on August 1. As of Tuesday, copper inventories in seven U.S. Comex warehouses have soared 172% this year to 253,431 short tons, the highest level since 2004. Meanwhile, inventories in London Metal Exchange (LME) warehouses have fallen by about 50% this year. The contract traded on the LME is the international benchmark for the metal. Since Trump launched an investigation into potential copper tariffs under Section 232 in February, citing national security concerns, New York Comex copper prices have soared above the global benchmark. This huge price gap provides traders with the opportunity to reap huge profits by importing copper from the United States.

01:24:13

Spot gold just broke through the $3,300.00/ounce mark and was last trading at $3,300.03/ounce, down 0.79% on the day. The main COMEX gold futures contract was last trading at $3,353.30/ounce, down 0.83% on the day.

01:18:12

[US inflation data relies more on estimates than expected] The official US inflation report has recently relied on estimates more than previously thought. Due to staff shortages caused by the federal government's hiring freeze, the Bureau of Labor Statistics (BLS)'s monthly inflation survey relies more on guesswork than hard data on actual business charges. According to the latest BLS notice on Tuesday, data collection has been completely suspended in places such as Buffalo, New York; Lincoln, Nebraska; and Provo, Utah. Even in other areas, about 15% of price data comes from estimates rather than direct observations. Inflation Insights economist Omair Sharif said this 15% estimate ratio is "far higher than expected" and accounts for a significant proportion of the Consumer Price Index (CPI). The BLS pointed out that field sampling has been reduced, whether it is surveying prices of daily consumer goods such as clothing and haircuts, or estimating housing costs. The BLS emphasized that it will optimize resource allocation to minimize CPI errors. Compared with the approximately 5% estimate ratio during the economic shutdown during the epidemic, the current data collection challenges are more severe, highlighting the pressure facing the statistical system. (Dow Jones)

01:12:13

Thursday's U.S. Energy Information Administration (EIA) report is expected to show U.S. natural gas inventories rose by 37 billion cubic feet last week, the poll showed.

01:10:09

International copper prices closed down 0.46% in the evening session, Shanghai copper prices fell 0.47%, Shanghai aluminum prices fell 0.02%, Shanghai zinc prices fell 0.59%, Shanghai lead prices were flat, Shanghai nickel prices fell 0.90%, and Shanghai tin prices fell 0.38%. Alumina prices fell 2.38%, aluminum alloy prices fell 0.05%, and stainless steel prices fell 0.50%.

01:09:52

[Macron said the EU was "not awe-inspiring enough" in EU-US negotiations, and trade agreement negotiations will continue] French President Emmanuel Macron said that in the trade negotiations with the United States, the EU lacked sufficient deterrence, resulting in an agreement that was criticized by many as unbalanced. "Europe has not seen itself as a strong force enough. To be free, you must be awe-inspiring. And we are not awe-inspiring enough," Macron said at a cabinet meeting on Wednesday. The EU agreed on Sunday that most products exported to the United States will face a 15% tariff, while the EU's average tariff rate on imports from the United States is below 1%. EU Trade Commissioner Maros Sefcovic admitted that this was "the best deal we could reach under very difficult circumstances." Macron said that the agreement was not "the end of the story" and that negotiations on the agreement would continue. "France has always taken a firm and strict position," he said, and will continue to do so.

01:09:31

U.S. officials: Middle East envoy Vitkov will travel to Israel on Thursday, where he will meet with officials to discuss the next steps in dealing with the situation in Gaza.

00:57:42

[London copper, lead, and nickel closed down more than 1%] LME copper futures closed down $100 at $9,698/ton. LME aluminum futures closed down $4 at $2,601/ton. LME zinc futures closed down $20 at $2,786/ton. LME lead futures closed down $24 at $1,992/ton. LME nickel futures closed down $295 at $15,021/ton. LME tin futures closed down $333 at $33,360/ton. LME cobalt futures closed flat at $33,335/ton.

00:56:08

Germany's economy falls into recession again: optimism cannot hide the real challenges Details>

00:26:17

[Report: Ceconomy Shareholders Enter Final Stage of Negotiations Regarding JD.com Acquisition] According to sources familiar with the matter, shareholders of German electronics retailer Ceconomy are in the final stages of negotiations regarding a possible acquisition by JD.com. Last week, Ceconomy confirmed that it was in advanced talks regarding a potential acquisition at a price of €4.60 per share, implying a transaction valuation of approximately €2.2 billion (US$2.53 billion). However, the retailer, which owns electronics chains such as MediaMarkt and Saturn, stated that no legally binding agreement has been signed and that there is no certainty that a takeover offer will be made.

00:25:57

Another strong earthquake struck off the coast of Kamchatka Peninsula. Russian media reported on the 30th, citing the Kamchatka branch of the Unified Geophysical Service of the Russian Academy of Sciences, that another 6.5-magnitude earthquake struck off the coast of Kamchatka Peninsula that day. The report said the quake occurred 178 kilometers from the Severo-Kurilsk region of the Kuril Islands, at a depth of 68 kilometers. Subsequently, a 5.3-magnitude earthquake was recorded in the same area. According to the Unified Geophysical Service of the Russian Academy of Sciences, the strong earthquake on the Kamchatka Peninsula on the 30th has been followed by more than 100 aftershocks of magnitude 5 or higher. (Xinhua News Agency)

00:22:55

Russian President's Press Secretary: Russia's economy has developed a "certain immunity" to sanctions. In response to US President Trump's threat to impose new sanctions on Russia, Russian President's Press Secretary Dmitry Peskov stated on the 30th that the Russian economy has developed an "immunity" to sanctions over the years. Peskov stated, "We have been living under numerous sanctions for a long time, and the Russian economy has operated under numerous restrictions. We have developed a certain immunity to sanctions." (Xinhua News Agency)

00:22:39

[Goldman Sachs: US Long-Term Interest Rate Volatility Reflects Fiscal Concerns] Goldman Sachs strategists stated in a report that US interest rate fluctuations show a contrast between a sharp drop in front-end interest rate volatility and volatility at the long end of the tail curve. Due to fiscal concerns, "the risk premium in long-end volatility is more pronounced than in direct yields." Over the past month, despite "persistent macroeconomic uncertainty and undercurrents of concerns about the independence of the Federal Reserve," front-end implied volatility has continued to compress - possible drivers include increased clarity on tariff risks and "slowing underlying inflation trends in the United States." The strategists wrote that compared with previous interest rate cycles, the compression of front-end volatility has limitations, and volatility selling strategies face more two-way risks.

00:22:21

Two-Year German Bund Yield Rise Over 1 Basis Point: At the close of European trading on Wednesday (July 30), the 10-year German Bund yield fell 0.3 basis points to 2.706%, oscillating in a W-shaped pattern for much of the day. It hit a daily low of 2.674% at 4:25 PM Beijing Time (GMT+8). Following the release of the US ADP Small Non-Farm Payrolls Report and GDP data, it hit a daily high of 2.715% in early trading. The two-year German Bund yield rose 1.2 basis points to 1.954%, trading in a range of 1.929%-1.960% on the day. The 30-year German Bund yield was roughly flat at 3.204%. The 2-year/10-year German Bund yield spread fell 1.495 basis points to +74.860 basis points.

00:22:02

European natural gas prices near two-week highs as US threatens to punish Russian energy buyers: European natural gas prices near two-week highs after US President Trump threatened to punish India for purchasing Russian energy, sparking market concerns about the global supply outlook. As Trump intensifies pressure on Russia and Ukraine to reach a ceasefire, traders have anticipated possible US action against Russian oil and gas buyers, including India. Trump warned on Tuesday that the US would impose "tariffs and other measures" if Russia fails to reach a ceasefire within 10 days. Earlier, natural gas prices briefly fell after Polish Prime Minister Donald Tusk expressed new prospects for Russia to cease its ongoing incursion into Ukraine.

00:02:21

Russia's Ministry of Economy: As of July 28, annual consumer inflation was 9.02%, compared with 9.17% a week earlier.

00:01:34

[Bank of Canada: US Tariffs on Canadian Goods to Rise by About 5 Percentage Points in 2025] The Bank of Canada's Monetary Policy Report estimates that effective US tariffs on Canadian goods have risen by about 5 percentage points this year. Before Trump's return to the White House, trade between Canada and the US was almost entirely tariff-free thanks to the USMCA. The Bank of Canada estimates that Canadian exporters will achieve 95% compliance with the USMCA (100% for energy exporters). The Bank of Canada projects an annualized economic growth rate of 1% in the second half of the year if current tariffs remain in place.

00:01:11

Russia's CPI fell 0.05% week-on-week in the week of July 28 (down 0.05% in the week of July 21), and has risen 4.51% so far in 2025 (the previous increase was 4.56%).

23:58:09

[UBS: The Bank of England may raise its inflation and economic growth forecasts at its August meeting] UBS economists said in a report that the Bank of England may raise its inflation and economic growth forecasts for the UK in 2025. They said that given the higher-than-expected inflation data in June, the Bank of England may slightly raise its forecast for UK inflation in 2025 from 3.3% to 3.5%. UBS said that after GDP growth in the first quarter was higher than expected, the growth forecast may also be slightly raised. "Compared with the Bank of England's assumptions in May, we expect energy prices and the effective pound exchange rate to be revised upwards, while the policy interest rate assumption is likely to remain largely unchanged."

23:57:37

[Strong economic data puts pressure on gold prices, spot gold falls over 1%] On July 30, the US announced that its second-quarter GDP growth rate reached 3%, significantly higher than the expected 2.4%; ADP data showed that private sector employment in July also exceeded expectations, although signs of a slowdown in the labor market persisted. The solid data reinforced market expectations that the Federal Reserve will maintain interest rates unchanged and postpone rate cuts, pushing spot gold down over 1% to $3,289 per ounce, and US gold futures also fell 1%. Traders' expectations for a September rate cut fell from 66% to 60%. The market is watching Powell's speech at 2:30 pm Eastern Time for more clues on the path of monetary policy. Platinum fell over 3.6%, and silver and palladium also fell sharply. (Refinitiv)

23:51:40

Airbus CEO: Due to the ongoing engine supply problems facing the A320 project, aircraft deliveries are scheduled to be delayed.

23:51:27

Indian refiners are seeking clarification from the Indian government on Russian oil. Indian refiners, a significant source of Russian crude oil demand, are seeking clarification from the New Delhi government on whether their purchases will be affected by Trump's latest social media post. On Wednesday, US President Trump said he would impose a 25% tariff on Indian exports to the US starting August 1st and warned of potential additional penalties for India's continued energy purchases from Russia. India became a major buyer of Russian crude oil after the Russia-Ukraine conflict erupted in 2022. Three people familiar with the matter said Indian companies, which purchase over 1 million barrels of Russian crude oil per day, are seeking clarity on what Trump's post means for their purchases.

23:50:42

The main Nymex crude oil futures contract just broke through the $70.00/barrel mark and was last trading at $70.01/barrel, up 1.16% on the day. The main U.S. unleaded gasoline futures contract just broke through the $2.2000/gallon mark and was last trading at $2.2004/gallon, up 1.13% on the day.

23:47:21

Airbus SE's second-quarter revenue was 16.07 billion euros, compared with market expectations of 15.69 billion euros.

23:46:00

Heavy rainfall has affected parts of Liudaohe Town, Chengde City, Hebei Province, resulting in eight deaths and 18 missing persons. On July 30, reporters learned from the disaster relief headquarters in Xinglong County, Chengde City, Hebei Province, that heavy rainfall has affected parts of Liudaohe Town, Xinglong County. Verification has confirmed that the heavy rainfall in Xinglong County, Chengde City, has resulted in eight deaths and 18 missing persons. Search and rescue efforts for the missing persons are ongoing. (CCTV)

23:45:42

President Trump will sign legislation today to reform the Veterans Administration's home loan program.

23:45:31

Market news: Japan's Liberal Democratic Party plenary session will be held on August 8.

23:40:51

WTI crude oil futures rose 1.00% during the day and are now trading at $69.91 per barrel.

23:40:06

Flights disrupted at three major London airports due to a technical malfunction in the air traffic control system. A technical malfunction at a major air traffic control center has forced regulators to limit the number of inbound and outbound flights. NATS, the UK's main air traffic control provider, said in a statement: "Our engineers are working tirelessly to resolve the issue and are working closely with airlines to minimize disruption." The statement noted that the affected airport is the Swanwick control center in southern England. Heathrow Airport, the UK's largest and Europe's busiest, has been affected, with both takeoffs and landings disrupted. London Gatwick Airport issued a statement saying, "No flights are currently departing until the issue is resolved." The smaller London City Airport also experienced operational disruptions. This marks the second major flight disruption at Heathrow Airport, following a power outage caused by a substation fire a few months ago that paralyzed the airport for the entire day.

23:38:18

[Traders bet the ECB will cut interest rates to 1.5% this year] Although ECB President Christine Lagarde has hinted that the easing cycle may continue to pause, traders are still buying options strategies that bet the ECB will cut interest rates twice more by 25 basis points each before the end of the year. Traders are also betting through options that the ECB will cut interest rates twice more by March.

23:38:00

India says it is assessing the impact of Trump's tariff announcement. India's Ministry of Commerce said in a statement that it has noted US President Donald Trump's statement on bilateral trade policy and is examining its impact. The statement said India and the US have been negotiating a fair, balanced, and mutually beneficial bilateral trade agreement, adding that India remains committed to this goal. The statement added that India will take all necessary measures to safeguard its national interests and believes that protecting the well-being of farmers, entrepreneurs, and small businesses is of paramount importance.

23:37:04

The Bank of Canada kept interest rates unchanged, cautiously responding to trade uncertainty and economic challenges Details>

23:31:00

Spot gold just broke through the $3,290.00/ounce mark and was last trading at $3,289.92/ounce, down 1.10% on the day. The main COMEX gold futures contract was last trading at $3,343.50/ounce, down 1.12% on the day.

23:26:11

Citi: The size of U.S. Treasury auctions is expected to increase in November 2026, compared with the previously expected time of May of the same year.

23:21:29

Spot gold fell 1.00% on the day to $3,293.02 per ounce; the main COMEX gold futures contract was last reported at $3,346.60 per ounce, down 1.02% on the day;

23:18:45

A 6.5 magnitude earthquake struck off the coast of Russia's Kamchatka Peninsula.

23:17:30

[Analyst: The Bank of Canada May Be Preparing for the Next Rate Cut] Royce Mendes of Desjardins believes that Bank of Canada officials appear to have reached a clear consensus to maintain the policy rate at its current neutral level, but they appear to be preparing to introduce more easing policies as early as September. The economist noted that two of the three forecast scenarios published in the central bank's monetary policy report suggest the need for further rate cuts in the future. Mendes said that low short-term and medium-term yields on Canadian government bonds indicate that the possibility of further rate cuts is increasing.

23:16:34

The China Earthquake Networks Center officially determined that a magnitude 6.0 earthquake occurred at 22:47 on July 30 in the Kuril Islands (50.10 degrees north latitude, 157.70 degrees east longitude), with a focal depth of 10 kilometers.

23:16:16

[Bank of America raises AMD's target price, expecting its AI revenue to grow by billions of dollars] Before AMD released its Q2 financial report, Bank of America Securities raised its target price from US$175 to US$200, citing the strong growth momentum in the artificial intelligence and CPU markets. The new target price still has nearly 13% room to rise from the current stock price. Bank of America analyst Vivek Arya, who maintains a "buy" rating, expects AMD to gain a significant share in the CPU and AI GPU markets by 2026. AMD currently has less than 20% of the CPU market share, but Arya expects this figure to exceed 30% by 2026. Arya particularly pointed out the development opportunities in the GPU business, especially after the trade environment with China improves. AMD is expected to resume supplying AI GPUs to China in the second half of 2025, which may bring in additional revenue of US$700 million to US$1 billion next year.

23:15:58

[Bank of Canada predicts moderate economic growth] Due to uncertainty about U.S. trade policy, the Bank of Canada abandoned its traditional baseline scenario forecast and proposed three scenarios. Among them, the "current tariff scenario" expects the economy to shrink by 1.5% in the second quarter, rebound slightly in the second half of the year, and then grow moderately in 2026 and early 2027. (Dow Jones)

23:15:33

[Canada's inflation trend may gradually subside] Statistics Canada data shows that core inflation is over 3%, but Bank of Canada analysis shows that underlying inflation is close to 2.5%. Governor Tiff Macklem hinted that the recent upward trend in inflation will gradually subside. (Dow Jones)

23:15:19

[US GDP is strong but consumer spending is slowing] Jeffrey Roach of LPL Financial pointed out that the US GDP growth of 3% in the second quarter was better than expected, but consumer spending slowed (actual final sales by private domestic buyers increased by 1.2%, lower than 1.9% in the first quarter). He expects the Federal Reserve to cut interest rates in September. (Dow Jones)

23:14:58

Fed inflation data draws close attention: Federal Reserve inflation data showed that core PCE inflation rose at an annualized rate of nearly 2.6% in the second quarter, exceeding expectations. Inflation analyst Omer Sharif believes that the April and May data are likely to be revised upwards. June core PCE data will be released on Thursday, and the Fed will closely monitor this information to inform its July interest rate decision. (Dow Jones)

23:14:20

[USD/CAD may rise to 1.39 before September] Carl Shamota, chief market strategist at Corpay, said that the Bank of Canada's pessimism about the economic outlook and its readiness to restart interest rate cuts will put pressure on the Canadian dollar. The USD/CAD exchange rate may rise to 1.39 before September, depending on the trend of the US dollar. (Dow Jones)

23:13:45

[Capital Economics: Bank of Canada statement shows tariff risks take precedence over inflation concerns] Bradley Saunders of Capital Economics said the Bank of Canada's statement shows that policymakers are more concerned about the downside risks of tariffs on economic growth than the upside risks of inflation. Saunders is confident that there will still be two interest rate cuts this year, with the benchmark rate falling to 2.25%. (Dow Jones)

23:12:59

[The Bank of Canada may restart easing policy in September] Royce Mendes of Desjardins noted that Bank of Canada officials agreed to maintain a neutral interest rate, but the two forecast scenarios in the monetary policy report suggest further rate cuts are needed in the future. Canadian government bond yields are lower on the short-term and medium-term curves, indicating that more easing policy may be introduced in September. (Dow Jones)

23:12:43

[Eurozone bond issuance seasonally declines] Puja Sawant of Citigroup reports that total eurozone government bond supply is expected to be €72 billion in August, down from the 2025 monthly average of €112 billion, in line with the seasonal summer decline. Long-term bond issuance (10 years and above) is expected to decline significantly, with seven-year bond issuance expected to be higher than in July due to plans by Finland and Germany to issue or resume seven-year bonds. (Dow Jones)

23:12:24

[Oxford Economics: Tariff Uncertainty Dominates Bank of Canada Policy] Tony Stilo and Michael Davenport of Oxford Economics stated that President Trump's threat to increase tariffs on Canadian goods starting August 1st is a key factor in the Bank of Canada's wait-and-see approach. Economists expect interest rates to remain unchanged in the short term, but do not rule out the possibility of a 25 basis point rate cut. The policy rate will not fall below 2% unless inflation is under control and the weak economy requires stimulus. (Dow Jones)

23:11:13

[The Bank of Canada may cut interest rates due to the increasing impact of tariffs] Andrew DiCapua of the Canadian Chamber of Commerce pointed out that the Bank of Canada maintained the overnight interest rate at 2.75% for the third consecutive time, in line with market expectations. The economist said that trade tensions have become a focus, and the central bank's governing council has made it clear that it will maintain a wait-and-see attitude until the Canadian economic signals become clearer in the coming months. DiCapua believes that the worsening economic situation paves the way for another interest rate cut in the fall. "Given that the reality of long-term tariffs is only beginning to emerge, the central bank is calculating cautiously." (Dow Jones)

23:10:18

The Dow Jones Industrial Average just broke through the 44,600.00 mark and was last at 44,599.46, down 0.08% on the day.