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2025-08-01 Friday

2025-08-02

23:37:18

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

23:36:44

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

23:30:37

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

23:30:03

Chevron expects some Venezuelan oil to start flowing into the market this month.

23:29:44

US ISM Manufacturing Purchasing Managers' Index fell to 48, gold tested $3350 Details>

23:25:36

The Dow Jones Industrial Average just broke through the 43,500.00 mark and was last at 43,495.03, down 1.44% on the day.

23:15:29

Brazil's national oil agency (ANPC) reported that in June, Brazil's oil and gas production reached 4.9 million barrels per day (bpd). Oil production reached 3.757 million bpd, up 10.1% year-on-year.

23:15:22

Brazil's National Petroleum Agency: Brazil's natural gas production reached 181.64 million cubic meters per day in June, a year-on-year increase of 20.9%.

23:13:31

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

23:01:33

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

23:00:02

Mexico's SPGI Manufacturing PMI for July

Previous : 46.30 Forecast : -

Published Value 49.10

22:57:41

Executives at Brazil's Vale said the global steel market will remain volatile.

22:57:32

Brent crude futures fell by more than $2 per barrel due to OPEC+ production cuts and economic data.

22:57:15

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

22:51:51

Brazil's oil and gas production was 4.9 million barrels of oil equivalent per day in June, the regulator said.

22:46:41

Fed's Bostic: It will take time for businesses to price in tariff increases.

22:46:41

Fed's Bostic: Businesses may need 12 months to adjust prices.

22:46:41

Fed's Bostic: Both of the Fed's missions are at risk. We are in a very difficult environment.

22:44:21

The main thread price fell by 1.03% to 3180 yuan/ton

22:42:26

Fed's Bostic: I still haven't heard from businesses that they're about to do large-scale layoffs. In many ways, the job market is still doing well.

22:41:36

Fed's Bostic: The revision of employment data shows that economic growth has slowed significantly. He does not think the employment data will change the FOMC decision this week.

22:41:15

Federal Reserve Chairman Bostic: While employment data is important, data revisions are even more concerning. The job market is slowing from its strong level. Today's employment data is significant. Inflation risks far outweigh employment risks. As we enter this week, inflation faces a greater risk.

22:40:03

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

22:38:17

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

22:36:24

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

22:36:01

[Myanmar's new federal government holds its first meeting, focusing on sovereignty and stability] On August 1, Myanmar's newly formed federal government held its first meeting in Naypyidaw. New Prime Minister Nyu Soe, ministers, deputy ministers, and officials attended the meeting. Nyu Soe presided over the meeting and delivered a speech, stating that the government must prioritize fulfilling and maintaining the stability of the federation, national unity, and sovereignty, and must follow and implement the four goals set by the National Defense and Security Council; he called on the people to resolve their differences and strive to coexist peacefully on the path of multi-party democracy. Elections are the key to embarking on the path of multi-party democracy, which is also the wish of the people. Therefore, national leaders have informed the public that elections will be held in December of this year. In addition, Nyu Soe also introduced and summarized the government's recent work in the development of the economy, agriculture, education, health, environmental protection and other fields, as well as future plans and goals. (CCTV News)

22:33:59

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

22:33:30

Russia's central bank has lifted restrictions on new investors from "unfriendly" countries from purchasing foreign currency in the domestic market. These investors will be allowed to invest in Russia under new regulations approved by Putin on July 4.

22:33:13

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

22:33:04

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

22:32:46

Goldman Sachs economists still expect the Fed to cut interest rates by 25 basis points in September, October and December, respectively, and two more rate cuts in 2026.

22:32:33

Nick Timiraos, the Fed's "mouthpiece," noted that Fed Chairman Powell mentioned "downside risks" to the labor market six times during his press conference. This statement suggests that while he still believes overall labor market conditions are robust, any actual weakness could justify policy easing. This statement reflects the Fed's balancing act in monetary policy: recognizing the current labor market fundamentals while remaining highly attentive to potential risks. This emphasis on "downside risks" also foreshadows possible future policy adjustments.

22:32:20

Spot platinum just broke through the $1,290.00/ounce mark and was last trading at $1,289.75/ounce, down 1.23% on the day. The main Nymex platinum futures contract was last trading at $1,300.1/ounce, up 0.08% on the day.

22:32:02

Mexican President: Mexico one of the countries least affected by Trump's trade changes.

22:26:28

The Dow Jones Industrial Average just broke through the 43,600.00 mark and was last at 43,600.82, down 1.20% on the day.

22:20:25

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

22:17:48

Goldman Sachs credit strategists say there are enough sources of downside risk to warrant retaining some hedges in portfolios. Growth could unexpectedly weaken further, disinflationary pressures could recede, or concerns about the Fed's independence could resurface, all of which could trigger a sharp decline in long-term bond yields.

22:17:09

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

22:16:45

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

22:15:43

German Economy Minister: Military Industry Essential to Boosting Economic Resilience] German Economy and Energy Minister Katharina Reiche stated on August 1 that the military industry is an "indispensable component" of Germany's economic resilience. This sector, long undervalued, must now play a vital role in economic recovery. According to Deutsche Presse-Agentur, Reiche, while inspecting KNDS Defence Systems, the manufacturer of the Leopard 2 main battle tank, in Hesse, said the industry is demonstrating strong growth and innovation. Given the current stagnation of the German economy, Reiche believes the industry can boost economic performance. (Xinhua News Agency)

22:14:07

The main Brent crude oil futures contract just touched the $70.00/barrel mark and was last quoted at $70.00/barrel, down 2.48% on the day.

22:11:45

The employment engine has stalled. Can the Federal Reserve still "stabilize" it? Details>

22:09:55

US stocks fell in early trading, with market participants saying the "ugly" non-farm payroll report may make the Fed regret not cutting interest rates this week. A weak US non-farm payroll report reinforced market bets on a Federal Reserve rate cut, sending US Treasuries surging. US stocks opened lower as investors weighed the economic impact of President Donald Trump's sweeping tariffs. At 9:30 a.m. New York time, the S&P 500 opened down 1%, the Nasdaq 100 fell 1.3%, and the Dow Jones Industrial Average fell 0.9%. Amazon's poor profit outlook sent its stock price plummeting. The yield on the two-year US Treasury note fell 20 basis points to 3.75%. Money markets have fully priced in two rate cuts this year, with a 76% probability for the first in September. The US dollar fell, ending a six-day rally. "This is a tough report," said Michael O'Rourke of JonesTrading, adding that the Fed should consider resuming rate cuts next month. "This report is very bearish for stocks and bullish for bonds." "Friday's non-farm payroll report was weaker than expected, suggesting that employers appear to be holding back amid heightened macro uncertainty," said Glen Smith of GDS Wealth Management. "Job growth has been slowing for months, a trend that could prompt the Federal Reserve to cut interest rates as early as this fall." For Alexandra Wilson-Elizondo of Goldman Sachs Asset Management, the weaker-than-expected non-farm payroll report directly challenges the hawkish stance of the Federal Reserve at this week's meeting.

22:08:27

Reuters poll: Russia's GDP growth rate is expected to be 1.5% in 2025 (the same as the previous survey results).

22:06:46

Nymex US crude oil futures fell 2.01% to $67.87 per barrel

22:06:34

[US Manufacturing Winter: The "Layoff Storm" Behind Five Consecutive Declines in the PMI] ⑴ Late evening on August 1st, Beijing time, the US ISM Manufacturing PMI fell to 48.0, marking the fifth consecutive month of contraction. While the New Orders Index saw a slight rebound to 47.1, it still failed to conceal the six-month contraction trend. ⑵ Even more alarming was the plummeting employment index to 43.4, its lowest level since July 2020, with factory layoffs at a rate comparable to the early stages of the pandemic. ⑶ Although the output index rose against the trend to 51.4, companies' strategy of replacing labor with machines reveals a deep distrust of demand. ⑷ Trump's tariff rhetoric is driving up raw material costs, directly squeezing profit margins. Manufacturing, which accounts for 10.2% of the US economy, is becoming a drag. ⑸ The ISM report directly pointed to "demand uncertainty" as the trigger for layoffs, hinting at the harsh reality of a disconnect between the Fed's expected rate cuts and the real economy. ⑹ As the job market, the last pillar, begins to crumble, Wall Street's "soft landing" narrative is facing a data blow.

22:05:57

The main liquefied petroleum gas futures fell by 1.00% to 3947 yuan/ton

22:05:03

After the release of the ISM manufacturing data, U.S. Treasury yields continued to fall; the 10-year Treasury yield fell 13 basis points to 4.23%, and the two-year Treasury yield plummeted, with the latest drop reaching 23.2 basis points to 3.719%. The U.S. 2/10-year Treasury yield curve further steepened, finally reaching 51.1 basis points.

22:03:48

Why did the British pound rebound strongly against the US dollar, regaining lost ground after the disappointing non-farm payroll data? ⑴ July's US non-farm payroll data fell short of expectations, with only 73,000 new jobs added, causing significant market volatility. ⑵ This weak data significantly increased the likelihood of a September Fed rate cut, with market expectations of a rate cut soaring from 45% before the data release to nearly 100%. ⑶ The sharp shift in expectations for a rate cut led to a significant weakening of the US dollar and a significant drop in US Treasury yields, particularly in short-term yields, which are more sensitive to monetary policy. ⑷ This boosted the British pound against the US dollar, causing a strong rebound and returning above the 1.32 mark. ⑸ Although Trump's tariff remarks have raised concerns about the trade outlook, the focus in the foreign exchange market has shifted to expectations of a policy shift by the Federal Reserve. ⑹ The British pound's strong rebound also reflects that, in the current market environment, relative interest rate expectations are a key factor in determining foreign exchange trends. ⑺ The market will closely monitor upcoming US inflation data and Fed Chairman Powell's speech at the Jackson Hole symposium for further policy clues.

22:02:33

Has the pain spread? Why has the US manufacturing industry been shrinking for consecutive months? ⑴ The US Manufacturing Purchasing Managers' Index (PMI) for July was 48%, down 1 percentage point from 49% in June. ⑵ This marks the fifth consecutive month of contraction in US manufacturing activity. ⑶ Demand remains weak, with the new orders index contracting for the sixth consecutive month, while the production index bucked the trend and rose to 51.4%. ⑷ The employment index fell further to 43.4%, indicating that companies are still widely reducing their workforces. ⑸ Although the price index remains in expansionary territory, the growth rate has slowed, while supplier delivery speeds have accelerated, reflecting demand-side weakness. ⑹ The survey report shows that surveyed companies generally believe that Trump's tariff rhetoric has created significant uncertainty and has incurred unexpected costs. ⑺ Companies are struggling to find alternative suppliers, but high interest rates and trade policy uncertainty are slowing investment in new projects. ⑻ In July, 79% of sectors in the manufacturing GDP contracted, significantly higher than the 46% in June. ⑼ The report points out that this trend indicates that overall weakness in the US manufacturing industry is deepening.

22:02:05

Brent crude oil futures fell 2.02% to $70.33 per barrel.

22:01:36

The main Nymex crude oil futures contract just broke through the $68.00/barrel mark and was last reported at $67.99/barrel, down 1.83% on the day.

22:01:16

The Nasdaq index just touched the 20,600.00 mark and was last at 20,600.00, down 2.47% on the day. The Dow Jones Industrial Average just broke through the 43,400.00 mark and was last at 43,390.84, down 1.68% on the day.

22:00:55

The ISM manufacturing inventory index for the United States in July

Previous : 49.20 Forecast : -

Published Value 48.90

22:00:46

The ISM manufacturing output index of the United States in July

Previous : 50.30 Forecast : -

Published Value 51.40

22:00:26

USD/JPY fell 2.01% to 147.71

22:00:26

The euro has just touched the 171.00 mark against the yen, and is currently trading at 171.00, down 0.60% on the day. The dollar has just broken through the 7.1900 yuan mark against the offshore renminbi, and is currently trading at 7.1899 yuan, down 0.21% on the day. The dollar has recently traded at 7.1905 yuan against the onshore renminbi, down 0.13% on the day.

22:00:21

U.S. construction spending monthly rate in June

Previous : -0.30% Forecast : 0%

金银石油

美元

Published Value -0.40%

22:00:20

The final reading of the University of Michigan's five-year inflation rate forecast for July in the United States

Previous : 3.60% Forecast : -

Published Value 3.40%

22:00:19

The final reading of consumer expectations for the University of Michigan in the United States in July

Previous : 58.60 Forecast : -

Published Value 57.70

22:00:18

The final reading of the economic situation of the University of Michigan in the United States for July

Previous : 66.80 Forecast : -

Published Value 68

22:00:17

The final reading of the University of Michigan's Consumer sentiment Index for July in the United States

Previous : 61.80 Forecast : 62

金银石油

美元

Published Value 61.70

22:00:16

The final reading of the University of Michigan's one-year inflation rate forecast for July in the United States

Previous : 4.40% Forecast : -

Published Value 4.50%

22:00:15

The ISM Manufacturing price payment index for July in the United States

Previous : 69.70 Forecast : 70

金银石油

美元

Published Value 64.80

22:00:13

The ISM New Manufacturing orders index for the United States in July

Previous : 46.40 Forecast : -

Published Value 47.10

22:00:13

The ISM manufacturing employment index for the United States in July

Previous : 45 Forecast : -

Published Value 43.40

22:00:06

The U.S. ISM Manufacturing PMI for July

Previous : 49 Forecast : 49.50

金银石油

美元

Published Value 48

21:58:42

The pan-European Stoxx 600 index extended its decline, falling 2.1%, on track for its biggest one-day drop since April 9.

21:58:39

The Euro Stoxx 50 index fell 3% to its lowest level since April 30.

21:58:37

The European banking index extended its decline, falling 3.45%, its biggest one-day drop since April 4.

21:57:45

Spot platinum just broke through the $1,290.00/oz mark and was last trading at $1,289.95/oz, down 1.22% on the day. The main Nymex platinum futures contract was last trading at $1,299.5/oz, up 0.03% on the day.

21:56:55

[German Chancellor Speaks: Can the US and EU reach an agreement on steel export quotas?] ⑴ German Chancellor Merz announced on Friday that the EU will negotiate with the US on steel export quotas. ⑵ The focus of the negotiations is to determine the quota of steel that can be exported to the US without imposing excessive tariffs. ⑶ Although the EU and the US reached a trade agreement last month, some industries, including steel and aluminum, still face high tariffs of 50%. ⑷ Merz called the agreement "painful" for European industry as a whole, but believed that the EU lacked the ability to trigger a full-scale trade dispute. ⑸ He stated that if a trade conflict broke out, "everyone would lose," and Europe would likely be the biggest loser. ⑹ The negotiations aim to secure more favorable export conditions for the European steel industry, avoiding the heavy burden of high tariffs. ⑺ This also shows that despite the signing of the trade agreement, trade frictions between the US and Europe have not been fully resolved, and detailed negotiations remain challenging.

21:56:42

Why Did Natural Gas Prices Suddenly Plunge? Weather Forecasts Are to Blame. ⑴ U.S. natural gas futures prices fell on Friday, primarily due to forecasts for cooler-than-expected temperatures in the coming weeks, which reduced demand for natural gas. ⑵ September natural gas futures on the New York Mercantile Exchange fell 0.6% to $3.09 per million British thermal units (MMBtu). ⑶ Robert DiDona, president of Energy Ventures Analysis, noted that the short-term weather pattern is less bullish than in previous weeks, which will lead to reduced demand for natural gas for power generation. ⑷ LSEG estimates a degree cold day (CDD) of 235 for the next two weeks, indicating a decline in cooling demand. ⑸ In addition, data from the U.S. Energy Information Administration showed that natural gas inventories increased by 48 billion cubic feet in the week ending July 25, far exceeding analysts' expectations of a 37 billion cubic feet increase. ⑹ This increase was more than double the 18 billion cubic feet increase in the same period last year, leaving inventory levels 6.7% above the five-year average. ⑺ Gary Cunningham, director of market research at Tradition Energy, expects the September contract to fluctuate in the range of $3 to $3.2, but the winter contract is oversold due to improved storage levels and still has the risk of rising in the long term.

21:53:30

Money markets are increasing bets on an ECB rate cut, with a 90% chance of a 25 basis point cut by March 2026.

21:52:33

The CBOE Volatility Index, the most-expected gauge of expected futures, hit a near six-week high, rising 4 points to 20.77.

21:52:14

The Stoxx Europe 600 index extended its decline, falling 2.1%, on track for its biggest one-day drop since April 9.

21:51:50

[Non-farm payroll data triggers short-covering: Has the dollar bottomed out and rebounded?] ⑴ The US dollar experienced a sharp sell-off following the release of the US jobs data. ⑵ Such rapid price fluctuations are often based on shaky foundations. ⑶ The dollar's rally prior to the release of the non-farm payroll data was already excessive, and the market needed a correction. ⑷ This sell-off quickly corrected the dollar's previously overbought position. ⑸ The key issue now lies in trader positioning, which likely involves significant short positions in the US dollar. ⑹ This suggests that these shorts will need to cover their positions, triggering buying and supporting the US dollar. ⑺ Despite the weak non-farm payroll data, the dollar's oversold condition and the demand for short covering may indicate that its short-term downward momentum is weakening.

21:51:35

Spot gold just broke through the $3,340.00/ounce mark and was last trading at $3,339.55/ounce, up 1.51% on the day. The main COMEX gold futures contract was last trading at $3,392.80/ounce, up 1.32% on the day.

21:50:53

Miran, chairman of the White House Council of Economic Advisers, said it would be embarrassing if the Fed struggled to keep up with Trump's forecasts.

21:50:29

[Non-farm payroll data saw a shocking reversal, sending the US dollar plummeting and expectations of a rate cut soaring] ⑴ The US non-farm payroll report for July was a disappointing surprise, reporting only 73,000 new jobs. ⑵ Furthermore, the June figure was significantly revised downward to 14,000, far below the previously reported 147,000. ⑶ The weak employment data triggered a sharp market reaction, with the US dollar index plummeting 1.09% to 98.94. ⑷ The euro rebounded strongly against the dollar, rising 1.22% to 1.1554, while the yen appreciated 1.58% to 148.35 against the dollar. ⑸ Although hawkish comments from Federal Reserve Chairman Powell had previously dampened expectations of a rate cut, this significantly weaker-than-expected jobs report prompted traders to renew bets on a Fed policy shift. ⑹ Market expectations for a Fed rate cut before the end of the year surged to 54 basis points from 34 basis points on Thursday, with the first cut widely expected in September. ⑺ Trader Helen Given said the data was worse than anyone expected and clearly indicated a cooling labor market. ⑻ Trump's tariff rhetoric also exacerbated market volatility. ⑼ The Swiss franc fell due to the 39% tariff, while Canada's was under pressure due to the 35% tariff, but a weak US dollar ultimately helped these currencies rebound.

21:46:23

The Dow Jones Industrial Average just broke through the 43,500.00 mark and was last at 43,496.35, down 1.44% on the day.

21:45:02

The final reading of the US SPGI Manufacturing PMI for July

Previous : 49.50 Forecast : -

Published Value 49.80

21:44:54

The Nasdaq index fell 2.00% during the day to 20699.65

21:44:54

The Nasdaq index just broke through the 20700.00 mark and was last at 20699.65, down 2.00% on the day.

21:42:26

Baltic index posts worst week in over a month Details>

21:38:53

The Dow Jones Industrial Average just broke through the 43600.00 mark and was last at 43599.24, down 1.20% on the day.

21:37:39

[Iron ore demand is weak, why did the Baltic Index hit a new monthly low?] ⑴ The Baltic Dry Index rose slightly on Friday, but still recorded its worst weekly performance since early June. ⑵ The index fell by more than 10% this week to 2,018 points. ⑶ The fundamental reason for the decline in freight rates is the general decline in freight rates for all ship types. ⑷ The Capesize Index rose 1.8% on Friday, but still fell nearly 14% for the week, with its average daily earnings increasing by $473 to $27,331. ⑸ In addition, the Panamax Index fell 0.9% to 1,644 points, a weekly drop of more than 10%, the worst weekly performance since April, with average daily earnings falling by $131 to $14,798. ⑹ The Supramax Index rose 1 point to 1,269 points, but it has fallen for the second consecutive week. ⑺ The main reason for the weakening freight rates is market concerns about iron ore demand.

21:36:20

[Why has Canada's manufacturing sector continued to shrink for consecutive months as trade difficulties intensify?] ⑴ Canada's manufacturing PMI rose to 46.1 in July, but remained below the 50 mark, marking the sixth consecutive month of expansion and contraction. ⑵ This indicates continued contraction in the country's manufacturing sector, primarily impacted by Trump's tariff rhetoric and, in particular, trade difficulties with the United States. ⑶ Paul Smith, Director of Economics at S&P Global Market Intelligence, noted that output, new orders, and purchasing activity all declined at a significant rate. ⑷ Canada faced significant challenges in trade with the United States, particularly due to reduced demand and sales from US customers. ⑸ Although the new orders and new export orders indices have rebounded, they remain in contractionary territory. ⑹ Tariff uncertainty has made the operating environment unpredictable for businesses, forcing them to adopt streamlined operational strategies. ⑺ The inventory index fell to 44.1 in July, its lowest point since May 2020, and the employment index also fell from 46.7 to 46.2. ⑻ Notably, input cost inflation eased, with the input price index falling to 57.0, its lowest level since November of last year.

21:35:43

USD/CHF fell 1.00% to 0.8040

21:35:33

USD/JPY just touched the 148.00 mark and is currently trading at 148.00, down 1.81% on the day.

21:35:25

Federal Housing Finance Agency Director Pulte: I still believe Powell will resign as Fed Chairman but will remain on the Board of Governors until May of next year

21:34:12

The 10-year U.S. Treasury yield fell 3.08% to 4.242.

21:33:12

Spot platinum just broke through the $1,290.00/ounce mark and was last trading at $1,288.97/ounce, down 1.29% on the day. The main Nymex platinum futures contract was last trading at $1,296.9/ounce, down 0.17% on the day.

21:32:52

The Australian dollar has just broken through the 96.00 mark against the Japanese yen and is currently trading at 95.99, down 0.84% on the day.

21:31:24

The yield on the two-year U.S. Treasury note fell 20 basis points to 3.76%.

21:31:12

The Dow Jones Industrial Average fell 1.01% to 43,684.46.

21:30:52

Canada's SPGI Manufacturing PMI for July

Previous : 45.60 Forecast : -

Published Value 46.10

21:30:42

The Nasdaq index fell 1.38% to 20831.08

21:30:24

The S&P 500 index fell 1.00% on the day to 6275.92

21:30:01

Canada's SPGI Manufacturing PMI for July

Previous : 45.60 Forecast : -

Published Value 46.10

4

Broker Rankings

Under Regulation

ATFX

Regulated by the UK FCA | Full license plate MM | Global business coverage

Overall Rating 88.9

Under Regulation

FxPro

Regulated by the UK FCA | NDD is executed without trader intervention | More than 20 years of history

Overall Rating 88.8

Under Regulation

FXTM

The stock owner's currency pair has a zero spread | "3000 times leverage" | Trade US stocks at zero commission

Overall Rating 88.6

Under Regulation

AvaTrade

More than 18 years | Nine levels of supervision | An established European broker

Overall Rating 88.4

Under Regulation

EBC

The EBC Million Dollar Contest | Regulated by the UK FCA | Open an FCA clearing account

Overall Rating 88.2

Under Regulation

Jufeng Bullion

More than 10 years | License of the Gold and Silver Exchange | New customers receive a bonus

Overall Rating 88.0

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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