2025-07-29 Tuesday
2025-08-02
16:16:53
[Markets Await the Federal Reserve's Decision, European and American Stock Markets Diverge] ⑴ US stock futures rose slightly on Tuesday, with S&P 500 and Dow futures up 0.1% and Nasdaq futures up 0.3%. Markets are focused on earnings reports from companies like Boeing and Spotify, as well as the Federal Reserve's interest rate decision on Wednesday. ⑵ European stocks rose broadly in early trading, with the Stoxx Europe 600 index up 0.4%. Philips surged 12% after raising its earnings guidance, while Stellantis' stock price fell 3% after it estimated a full-year tariff impact of €1.5 billion. ⑶ Asian stocks closed mixed, with the Nikkei 225 down 0.8%, the Hang Seng down 0.5%, the Shanghai Composite up 0.3%, and the South Korean Composite Index closing higher for the fifth consecutive day. ⑷ The US dollar index hit a one-month high, putting downward pressure on the euro. The US-EU trade agreement imposes 15% tariffs on the EU, while the UK-US agreement imposes 10%. ⑸ US Treasury yields fell slightly, with the two-year yield at 3.915%, the ten-year at 4.402%, and the thirty-year at 4.948%, respectively. The market expects the Fed to remain on hold at this meeting. 6. Spot gold rose slightly by 0.1% to $3,312.30 per ounce, while crude oil prices fluctuated only slightly.
16:13:44
Spain's GDP growth accelerated in the second quarter, outperforming other Eurozone countries. (1) Preliminary data from the Spanish National Statistics Institute showed that GDP grew by 0.7% quarter-over-quarter in the second quarter, exceeding the 0.6% growth in the first quarter and the market expectation of 0.6%. Year-over-year growth was 2.8%, exceeding the expected 2.5%. (2) The service sector was the primary driver of quarterly growth, with significant growth in retail, accommodation, and transportation, and a rebound in construction and manufacturing, but agriculture contracted. (3) The unemployment rate fell to 10.29% during the same period, the lowest level since early 2008. (4) Spain's strong economic performance, primarily driven by a booming tourism industry, stands in stark contrast to weak growth in France, Germany, Italy, and the eurozone as a whole. The market expects zero GDP growth in the eurozone in the second quarter, with only 0.1% growth in France and Italy and a 0.1% contraction in Germany. (5) The Spanish government maintained its full-year growth forecast of 2.6%.
16:10:36
From January to June 2025, 30,014 new foreign-invested enterprises were established nationwide, an increase of 11.7% year-on-year; actual foreign investment reached RMB 423.23 billion, a year-on-year decrease of 15.2%. By industry, actual foreign investment in manufacturing reached RMB 109.06 billion, while that in services reached RMB 305.87 billion. High-tech industries saw actual foreign investment of RMB 127.87 billion, with e-commerce services, chemical pharmaceuticals, aerospace and equipment, and medical instruments and equipment increasing by 127.1%, 53%, 36.2%, and 17.7%, respectively. By source, actual investment in China from the ASEAN region increased by 8.8%, while that from Switzerland, Japan, the United Kingdom, Germany, and South Korea increased by 68.6%, 59.1%, 37.6%, 6.3%, and 2.7%, respectively (including investment through free ports). (Ministry of Commerce)
16:09:23
Guosen Securities: The value of Small Commodity City's digital trade platform is highlighted, maintaining an "Outperform" rating. (1) A Guosen Securities research report indicates that the Chinagoods platform, under Small Commodity City, will have over 200,000 users by 2024, with a 72% increase in merchant private traffic activity and over 20% growth in orders from deep-dive users. (2) Continuous upgrades to the platform's AI model optimize foreign trade service scenarios, improve merchant operational efficiency, and drive the growth of emerging businesses. As a pilot for import trade innovation, the company is expected to benefit from this industry dividend. (3) Net profit attributable to shareholders is projected to be 4.032 billion yuan, 6.408 billion yuan, and 7.832 billion yuan in 2025-2027, corresponding to a PE ratio of 28.5, 18, and 14.7 times, respectively. The "Outperform" rating is maintained.
16:07:48
Italy's preliminary non-EU trade balance for June
Previous
:
52.60
Forecast
:
-
Published Value
53.91
Previous
16:01:54
The eurozone's forecast for the European Central Bank's three-year CPI in June
Previous
:
2.40%
Forecast
:
-
Published Value
2.40%
Previous
16:01:45
The eurozone's one-year CPI forecast for the European Central Bank in June
Previous
:
2.80%
Forecast
:
-
Published Value
2.60%
Previous
16:01:24
LME Daily inventory changes in the UK on July 29th - Lead
Previous
:
-2625
Forecast
:
-
Published Value
6700
Previous
16:01:17
LME Daily Inventory Changes in the UK on July 29th - Tin
Previous
:
80
Forecast
:
-
Published Value
35
Previous
16:01:11
LME Daily inventory changes in the UK on July 29th - Copper
Previous
:
-1075
Forecast
:
-
Published Value
225
Previous
16:01:04
LME Daily inventory changes in the UK on July 29th - Nickel
Previous
:
114
Forecast
:
-
Published Value
876
Previous
16:00:57
LME Daily inventory changes in the UK on July 29th - Zinc
Previous
:
-275
Forecast
:
-
Published Value
-3350
Previous
16:00:49
LME Daily inventory changes in the UK on July 29th - Primary aluminum
Previous
:
3450
Forecast
:
-
Published Value
1825
Previous
16:00:40
LME Daily inventory changes in the UK on July 29th - Cobalt
Previous
:
0
Forecast
:
-
Published Value
0
Previous
16:00:35
LME Daily inventory changes in the UK on July 29th - Main NASAAC aluminum alloys
Previous
:
0
Forecast
:
-
Published Value
0
Previous
16:00:32
LME Daily Inventory changes in the UK on July 29th - Aluminum Alloy
Previous
:
-20
Forecast
:
-
Published Value
0
Previous
15:10:03
[Japanese Bond Market Faces a Triple Storm: Political, Central Bank, and Federal Reserve Risks Intertwined] 1. The Japanese bond market is facing a triple squeeze of political turmoil, a shift in central bank policy, and uncertainty surrounding the Federal Reserve. Following the ruling coalition's defeat in the Senate election, long-term government bond yields remain near record highs, and the growing opposition is putting pressure on Prime Minister Shigeru Ishiba to step down. Market expectations are that his resignation could occur as early as this week, and the policy preferences of potential successor Sanae Takaichi are causing caution among bond investors. 2. On the policy front, the US-Japan trade agreement has created conditions for the Bank of Japan to resume interest rate hikes, pushing short-term government bond yields to multi-month highs. While no immediate policy change is expected at Thursday's meeting, expectations for an October rate hike are growing. A normalization of central bank policy will push up lending rates and reduce bond purchases, forcing the Ministry of Finance to seek new buyers. 3. Meanwhile, the Federal Reserve's interest rate decision on Wednesday presents additional risks. While interest rates are expected to remain unchanged, internal policy disagreements and threats from the Trump administration to interfere with the Fed's independence could trigger volatility in US Treasury yields, impacting global bond markets. As one of the world's major bond markets, Japan is at the center of the storm of these three risk factors.
15:09:44
Daily Warehouse receipt changes of the Shanghai Futures Exchange on July 29th in China - Zinc
Previous
:
478
Forecast
:
-
Published Value
1540
Previous
15:09:44
Daily Warehouse receipt changes of the Shanghai Futures Exchange on July 29th in China - Copper
Previous
:
1699
Forecast
:
-
Published Value
251
Previous
15:09:42
Daily Warehouse receipt changes of the Shanghai Futures Exchange on July 29th in China - Aluminum
Previous
:
-1077
Forecast
:
-
Published Value
-524
Previous
15:09:41
Daily Warehouse receipt changes of the Shanghai Futures Exchange on July 29th in China - Silver
Previous
:
21015
Forecast
:
-
Published Value
-3403
Previous
15:09:39
Daily Warehouse receipt changes of the Shanghai Futures Exchange on July 29th in China - Lead
Previous
:
973
Forecast
:
-
Published Value
0
Previous
15:09:37
Daily warehouse receipt changes of the Shanghai Futures Exchange on July 29th in China - Nickel
Previous
:
6
Forecast
:
-
Published Value
-73
Previous
15:09:35
Daily Warehouse receipt changes of the Shanghai Futures Exchange on July 29th in China - Tin
Previous
:
244
Forecast
:
-
Published Value
160
Previous
15:09:33
Daily Warehouse receipt changes of the Shanghai Futures Exchange on July 29th in China - Alumina
Previous
:
0
Forecast
:
-
Published Value
-4823
Previous
15:09:31
Daily Warehouse receipt changes of the Shanghai Futures Exchange on July 29th in China - Wire Rods
Previous
:
0
Forecast
:
-
Published Value
0
Previous
15:09:29
Daily Warehouse receipt changes of the Shanghai Futures Exchange on July 29th in China - Hot-rolled coil
Previous
:
0
Forecast
:
-
Published Value
-590
Previous
15:09:26
Daily Warehouse receipt changes of the Shanghai Futures Exchange on July 29th in China - Fuel oil
Previous
:
0
Forecast
:
-
Published Value
0
Previous
15:09:26
Daily Warehouse receipt changes of the Shanghai Futures Exchange on July 29th in China - Stainless Steel
Previous
:
-58
Forecast
:
-
Published Value
0
Previous
15:09:24
Daily Warehouse receipt changes of the Shanghai Futures Exchange on July 29th in China - Petroleum Asphalt
Previous
:
0
Forecast
:
-
Published Value
0
Previous
15:09:22
Daily warehouse receipt changes of the Shanghai Futures Exchange on July 29th in China -20 # rubber
Previous
:
201
Forecast
:
-
Published Value
1209
Previous
15:09:20
Daily Warehouse receipt changes of the Shanghai Futures Exchange on July 29th in China - Pulp
Previous
:
-599
Forecast
:
-
Published Value
0
Previous
15:09:18
Daily Warehouse receipt changes of the Shanghai Futures Exchange on July 29th in China - Natural Rubber
Previous
:
0
Forecast
:
-
Published Value
-100
Previous
15:09:17
Daily Warehouse receipt changes of the Shanghai Futures Exchange on July 29th in China - Rebar
Previous
:
-3587
Forecast
:
-
Published Value
594
Previous
15:09:17
Daily warehouse receipt changes of the Shanghai Futures Exchange on July 29th in China - Crude oil
Previous
:
732000
Forecast
:
-
Published Value
0
Previous
15:09:17
Daily Warehouse receipt changes of the Shanghai Futures Exchange on July 29th in China - Gold
Previous
:
0
Forecast
:
-
Published Value
1005
Previous
15:06:13
Gold Remains Weak and Volatile, as a Stronger US Dollar and Cooling Safe-Haven Demand Pressure Gold Prices. 1. International gold prices continued their weak consolidation pattern on Tuesday, hovering near a three-week low. With easing global tariff tensions and a strong US dollar index, gold's safe-haven appeal continues to be dampened. Spot gold is currently trading around $3,317.14 per ounce, having hit its lowest level since July 9th at $3,301.75 per ounce in the previous trading day. 2. Tim Waterer, Chief Market Analyst at KCM Trade, noted: "Gold prices continue to see buying support around $3,300. While short-term pressure is being exerted by improving trade relations and a stronger US dollar, gold still has upside potential in the medium to long term." 3. Regarding the market backdrop, senior economic officials from the United States and China held talks in Stockholm on Monday for over five hours to resolve the core issues of the bilateral trade dispute and seek a three-month extension of the tariff truce. Meanwhile, the US and Europe reached a framework trade agreement on Sunday, with the US imposing a 15% import tariff on EU goods, only half of the previously threatened rate, effectively avoiding an escalation of the transatlantic trade war. 4. The US dollar index continued to rise on Tuesday, hitting a new high of 99.01 since June 24, further increasing the cost of gold purchases for holders of non-US currencies.
15:03:19
Spain's retail trade index for June - seasonally adjusted monthly rate
Previous
:
0.20%
Forecast
:
-
Published Value
1.10%
Previous