Real-Time Financial News | 24/7 Market Updates

Sydney：12/24 22:26:56

Tokyo：12/24 22:26:56

Hong Kong：12/24 22:26:56

Singapore：12/24 22:26:56

Dubai：12/24 22:26:56

London：12/24 22:26:56

New York：12/24 22:26:56

2025-07-29 Tuesday

2025-08-02

15:00:32

Spain's retail trade index for June year-on-year - seasonally adjusted

Previous : 4.80% Forecast : -

Published Value 6.20%

15:00:09

Preliminary estimate of Spain's seasonally adjusted GDP growth rate for the second quarter

Previous : 0.60% Forecast : 0.60%

欧元

美元

Published Value 0.70%

15:00:09

The preliminary estimate of Spain's seasonally adjusted GDP growth rate for the second quarter

Previous : 2.80% Forecast : 2.50%

欧元

美元

Published Value 2.80%

15:00:02

The preliminary estimate of Spain's seasonally adjusted GDP growth rate for the second quarter

Previous : 2.80% Forecast : 2.50%

欧元

美元

Published Value 2.80%

15:00:02

Preliminary estimate of Spain's seasonally adjusted GDP growth rate for the second quarter

Previous : 0.60% Forecast : 0.60%

欧元

美元

Published Value 0.70%

15:00:00

[The first city informatization business card in China, "Smart Cloud Shanghai", is officially released] On July 28, at the closing ceremony of the 2025 World Artificial Intelligence Conference and the High-level Conference on Global Governance of Artificial Intelligence (WAIC 2025), the Shanghai Municipal Government and China Telecom jointly released the city informatization service brand - "Smart Cloud Shanghai". As the first new city informatization business card in China, "Smart Cloud Shanghai" focuses on core areas such as government affairs, industry, and people's livelihood, promotes the deep integration of artificial intelligence with the economy and society, serves the modernization of urban governance, supports the optimization and upgrading of industrial structure, expands new scenarios for people's livelihood services, and creates the world's first "all-city cloud and all-city intelligence" city intelligent service system. (People's Finance)

14:59:45

The US dollar index rose slightly, reaching 99.00, a new high since June 24, an increase of about 0.35%.

14:59:32

The US dollar index just touched the 99.00 mark and was last at 99.00, up 0.34% on the day.

14:57:54

India's Nayara Energy has cut crude oil production due to EU sanctions on the company, sources said.

14:57:39

[China Medical System's share price surged 3.7% as its application for a new drug for Alzheimer's disease was accepted] 1. China Medical System (0867.HK) rose 3.7% during trading on Tuesday. The company announced that its application for marketing approval in China for ZUNVEYL, a modified new drug for the treatment of mild to moderate Alzheimer's dementia, has been officially accepted by the National Medical Products Administration. 2. Since the beginning of this year, China Medical System's share price has soared 81.7%, significantly outperforming the Hang Seng Index's 26.3% increase during the same period. 3. Driven by positive industry news, the Hang Seng Healthcare Index saw its highest intraday increase of 3.2%.

14:57:11

[New Round of Oil Price Adjustments Shelved; No Adjustments for This Round] Reporters learned from the National Development and Reform Commission that a new round of refined oil price adjustments will open at midnight on July 29th. According to the National Development and Reform Commission's Price Monitoring Center, international oil prices fluctuated during this round of refined oil price adjustments (July 15th to 28th). Based on the current domestic refined oil pricing mechanism, the price adjustment amount is less than 50 yuan per ton. Gasoline and diesel prices will remain unchanged, and the unadjusted amount will be accumulated or offset in the next price adjustment. (CCTV Finance)

14:56:30

[Euro falls against the dollar after EU-US trade deal reached] The euro fell to a one-month low against the dollar after the European Union and the United States reached a trade deal that included a 15% tariff on the EU. "This puts the problems in the euro zone back in the spotlight," Michael Pfister of Commerzbank said in a report. Investors were briefly relieved that the agreement was finally reached, but the focus soon turned to the actual impact of the agreement on the eurozone economy. Pfister said the euro may come under pressure from tariffs on the EU, while the dollar is boosted by the reduced risk of a U.S. recession. Data from the London Stock Exchange Group showed that the euro fell 0.2% to a low of $1.1553.

14:55:32

Spot platinum just broke through the $1,380.00/ounce mark and was last reported at $1,377.95/ounce, down 1.60% on the day. The main Nymex platinum futures contract was last reported at $1,404.8/ounce, down 1.06% on the day.

14:55:10

[EU Plans to Suspend Israel's Participation in Horizon Europe] The European Commission issued a statement on the 28th, proposing to suspend Israel's participation in parts of the EU's flagship scientific project, Horizon Europe, due to the "serious situation" in the Gaza Strip. The statement said that if the proposal is passed, Israeli startups and small companies in fields such as cybersecurity, drones, and artificial intelligence will be banned from participating in some projects. The proposal requires the consent of at least 15 of the EU's 27 member states. Reuters reported that several EU member states accused Israel last week of violating the agreement reached with the EU and not increasing aid to Gaza. Many countries asked the European Commission to come up with a specific response plan. (Xinhua News Agency)

14:53:18

[Taobao Flash Sale saw a 110% increase in new brands entering the platform in July] On the 29th, Taobao Flash Sale revealed that the number of new brands entering the platform in July increased by 110% compared to June, with more than 12,000 new non-restaurant brand stores online, including leading brands in the 3C, apparel and sports, luxury goods, and beauty industries.

14:52:59

[World Meteorological Organization: Intense heat waves are affecting many countries around the world] The World Meteorological Organization pointed out on the 28th that intense heat waves are affecting many countries around the world, which highlights the importance of high temperature warnings and related health action plans. The World Meteorological Organization issued a press release on the same day saying that data from the Copernicus Climate Change Service, the EU's climate monitoring agency, showed that the world had just experienced the third hottest June on record; the US National Weather Service said that a long-lasting heat wave with "extreme high temperature risks" is expected to affect more than 20 million people in the southeastern United States; the Mediterranean region and the Balkans are experiencing their third heat wave this summer, and extreme high temperatures in Greece, Italy and Spain have caused popular tourist attractions to close; Northern Europe has also felt the heat, with Finland having temperatures above 30 degrees Celsius for more than 15 days, and Norway and Sweden have also been affected by abnormally high temperatures, triggering extreme risk warnings for forest fires; extreme heat has also swept across much of North Africa and the Middle East, and Iran is facing severe shortages of electricity and water supplies.

14:51:13

[Hanlin's share price soared 4.9% to a record high, and its biosimilars received positive review from the EU] 1. The share price of Hanlin (2696.HK), a biopharmaceutical company under Fosun Pharma Group (2196.HK/600196.SS), rose 4.9% on Tuesday, setting a new record since its listing in 2019. 2. The rise in share price stems from the company's announcement that its developed biosimilar HLX14 received a positive review opinion from the European Medicines Agency's Committee for Medicinal Products for Human Use, which recommended approval of the drug's marketing application. 3. HLX14 is a biosimilar to Amgen's original drug denosumab, mainly used for the treatment of osteoporosis. 4. Since the beginning of this year, Hanlin's share price has increased by 204.6%, far exceeding the 26.4% increase in the Hang Seng Index during the same period. Driven by this, the Hang Seng Hong Kong Listed Biotech Index had a maximum intraday increase of 3.6% that day.

14:50:16

Philippine central bank governor says considering rate cut in August

14:49:41

The ChiNext Index rose above 2,400 points for the first time since November last year, up 1.69% on the day.

14:48:45

[Norway's retail sales stagnated month-on-month in June] ⑴Norway's retail sales in June 2025 showed zero growth month-on-month, and the previous value was revised to a growth of 0.1%. ⑵Sub-item data showed that the main drags were a 0.6% drop in ICT equipment sales (previous value -6.2%), a 0.2% drop in other household goods (previous value +3.0%), a 0.5% drop in food and beverages (previous value +1.0%), and a 1.2% drop in other goods (previous value +0.2%). ⑶The above declines were partially offset by a 4.4% increase in non-store sales (previous value -2.4%) and a 0.9% increase in automotive fuel (previous value -1.7%). ⑷Year-on-year, retail sales in June increased by 4.3%, a significant improvement from the revised 0.1% drop in May.

14:47:50

[Euro fell to 1.16 against the US dollar, a five-week low] ⑴The euro fell to 1.16 against the US dollar, the lowest level since June 2025. ⑵It has fallen by 1.88% in the past four weeks, but it has still risen by 6.93% in the past 12 months.

14:47:38

[Sweden's GDP grew by 0.5% month-on-month in June, ending its continuous contraction] ⑴Sweden's gross domestic product (GDP) grew by 0.5% month-on-month in June 2025, a significant rebound from the revised month-on-month contraction of 0.8% in May, the largest monthly increase in three months. ⑵Year-on-year data showed that GDP grew by 1.0% year-on-year in June, while the revised year-on-year increase in May was 0.4%.

14:46:34

A stronger dollar weighs on silver prices, with the market focusing on the Federal Reserve's decision. (1) Silver prices remained under pressure on Tuesday, holding below $38.20 per ounce, hovering near a two-week low, primarily due to a stronger dollar. (2) The dollar has recently been supported by global trade agreements, which are widely viewed as beneficial to the US economy. (3) US President Trump warned on Monday that countries that fail to reach separate trade agreements could face tariffs of 15% to 20%, significantly higher than the 10% base rate implemented in April. (4) Market focus shifted to the Federal Reserve's policy decision on Wednesday. While interest rates are expected to remain unchanged, traders will be looking for signs of a possible rate cut in September.

14:45:40

[Sweden's GDP in the second quarter increased slightly by 0.1% month-on-month] ⑴Preliminary data from the Swedish Statistics Bureau showed that Sweden's gross domestic product (GDP) in the second quarter of 2025 increased by 0.1% month-on-month, and the revised value for the first quarter was a month-on-month contraction of 0.2%. ⑵Mattias Kain Wyatt, an economist at the Swedish Statistics Bureau, said that although economic activity declined in May, the improvement in the situation in June promoted a slight increase in the quarter as a whole. ⑶In terms of year-on-year data, GDP in the second quarter increased by 0.9% year-on-year, the same growth rate as the previous quarter.

14:43:37

The euro hit a one-month low against the dollar; the latest decline was 0.22% at $1.1561

14:43:17

[UBS: International investors have increased confidence in the Chinese market] Fang Dongming, head of UBS Global Financial Markets in China, said that since the positive changes in China's macroeconomic policies in September last year, global investors have become increasingly interested in Chinese assets, including the A-share and Hong Kong stock markets. He pointed out that Hong Kong stocks are more attractive than US dollar assets, and investors can benefit from the improvement in the fundamentals and valuation recovery of Chinese companies. The Hong Kong dollar exchange rate is pegged to the US dollar, which has further boosted demand for Hong Kong stocks. Fang Dongming believes that with the market depth and valuation advantages, A-shares are expected to catch up with Hong Kong stocks. "We have always emphasized that the situation where Chinese assets are generally underweight by international investors will not continue."

14:42:18

South Korea's stock market Composite Stock Price Index hits its highest closing point since August 10, 2021

14:41:57

[The average price of pork in the national agricultural product wholesale market is 20.50 yuan/kg, the same as yesterday] According to the monitoring of the Ministry of Agriculture and Rural Affairs, the "Agricultural Product Wholesale Price 200 Index" on July 29 was 112.73, up 0.11 points from yesterday, and the "Vegetable Basket" product wholesale price index was 112.71, up 0.07 points from yesterday.

14:41:16

[BNP Paribas: A trade deal with Trump could be good for the European economy] Isabelle Mateos yLago, an economist at BNP Paribas, wrote in a note to investors that a trade deal with U.S. President Trump, while potentially a political blow to EU leaders, could be an economic success in the long run. The deal stipulates that the United States will impose a 15% baseline tariff on imported European goods, while the EU agrees to buy more U.S. energy and technology products; the agreement has drawn criticism from many commentators and politicians. But MateosyLago said the deal ended the uncertainty of recent months and avoided a more serious escalation in trade tensions. She said policymakers in Brussels can now focus on internal reforms and signing trade deals with other partners. "Within the range of realistic outcomes, the deal is already good," MateosyLago said.

14:39:15

[Dassault Systèmes: China's first open innovation lab is launched, and China's first venture capital fund will also be launched] On July 29, Dassault Systèmes CEO Pascal Daloz revealed that the first venture capital fund will be launched in China before the end of this year to support Chinese innovative companies. On the same day, Dassault Systèmes of France launched China's first open innovation lab, 3D EXPERIENCE Lab, in Shanghai. This is also Dassault Systèmes' fifth open innovation lab in the world.

14:39:12

Will interest rate cuts save Americans? Agency warns: Consumer stress index soars to epidemic peak, recession alarm sounds Details>

14:35:01

[Bank of America: Lowers Laopu Gold's Target Price to HK$958, Market Focuses on Sustainability of Earnings Growth] Bank of America Securities released a research report stating that Laopu Gold has issued a profit warning, with adjusted net profit for the first half of the year expected to be between 2.3 billion and 2.36 billion yuan, exceeding the bank's and market expectations of 2.1 billion and 2 billion yuan, respectively. The bank estimates that due to rising gold prices, the group's gross profit margin in the first half of this year will be 39%, a year-on-year decrease of 2.4 percentage points and a decrease of 2.1 percentage points from the first half of the year, but this will be partially offset by positive operating leverage. The bank expects the market to pay closer attention to the sustainability of Laopu Gold's earnings growth and projects a 26% year-on-year revenue growth next year. Combined with gross margin expansion and operating leverage, this will drive a 30% year-on-year increase in adjusted net profit. The bank also expects the company to open six new boutiques next year, with single-store sales increasing by 6% year-on-year. The bank raised its forecast for Laopu Gold's adjusted net profit for this year and next year by 11% and 6%, to 5 billion and 6.6 billion yuan respectively; it expects revenue in the second half of this year to reach 13.8 billion yuan, a year-on-year increase of 178%, and adjusted net profit is expected to reach 2.7 billion yuan, a year-on-year increase of 206%. The bank lowered the company's target price by 4% to HK$958 and reiterated its "buy" rating

14:34:35

【Citi: Raises Tencent's target price to HK$699, expects solid second-quarter results】 Citi issued a report stating that Tencent Holdings will announce its second-quarter 2025 results on August 13, and expects solid results. It estimates that non-GAAP net profit will increase by 4.9% year-on-year to 60.1 billion yuan, and revenue and profit will meet or exceed the bank's and market consensus expectations. The gaming business has potential upside due to the contribution of new games and deferred revenue. Citi expects that in the third quarter of 2025, Tencent's gaming business will have stable revenue supported by strong seasonal factors, new game releases and content upgrades. It also expects Tencent to focus on the latest progress and updates of AI models (such as the Hunyuan 3D world model) and Yuanbao's new features, new game pipelines, WeChat search momentum and macroeconomic outlook. Citi raised its target price from HK$695 to HK$699, corresponding to a forecast price-to-earnings ratio of 24.4 times and 22.3 times for this year and next year respectively, and maintained a "buy" rating and core holding preferred status.

14:34:17

[US defense company will provide Ukraine with 33,000 AI drone guidance kits] US defense company Auterion said on Monday it would provide 33,000 artificial intelligence guidance kits for Ukrainian drones, funded by a $50 million Pentagon contract. According to the company, these kits enable manually remote-controlled strike drones to autonomously track and strike targets one kilometer (0.62 miles) away. Kiev said it would purchase 450,000 small drones throughout 2025 and has been looking for ways to enable these drones to withstand Russia's increasingly intensive signal interference.

14:28:43

Thailand's Finance Minister: The economic impact is expected to deepen and an initial budget of 25 billion baht is being prepared to mitigate the impact.

14:28:19

[UBS: China Duty Free Group's second-quarter earnings were lower than expected, maintaining a "neutral" rating] UBS released a research report saying that China Duty Free Group (01880, 601888.SH)'s (01880, 601888.SH) first-half preliminary results showed that revenue and earnings would fall by 10% and 21% year-on-year, respectively, and net profit margin would fall by 1.3 percentage points to 9.2%. In the second quarter alone, China Duty Free Group's revenue and earnings fell by 8% and 32% year-on-year, and its net profit margin fell to 6%, which was lower than the bank and market expectations. UBS expects investors to react negatively to China Duty Free Group's preliminary results and maintains a "neutral" rating, with a target price of RMB 64.5 for A shares.

14:27:33

[Morningstar: The EU-US trade agreement is not bad for European defense companies] Morningstar stock analyst Loredana Muharremi said that the EU-US trade agreement is not bad for European defense companies, but it confirms that the United States will continue to play an important role in the European defense ecosystem in the future. This trend would have happened because Europe still has some capability shortcomings in areas such as missiles and has an urgent need for ready-made equipment. In the medium term, if Europe can gradually make up for these capability gaps, the proportion of equipment purchased from the United States should gradually decline. European military stocks have now entered a stable period because the previously expected growth has been largely reflected in the stock price. Whether stock prices can rise further in the future will depend on the specific allocation of additional defense spending and how high-deficit countries implement their spending plans.

14:27:11

Thailand's Finance Minister: Losses from the Thai-Cambodian border conflict estimated at more than 10 billion baht

14:26:06

Thai and Cambodian militaries agree not to deploy more troops along border, Cambodian officials say

14:24:18

One chart shows 18 direct foreign exchange support and resistance: US dollar + European and Japanese + commodity currencies + emerging currencies (July 29, 2025) Details>

14:24:01

[A seminar on the performance standard framework for large-scale all-in-one machines will be held soon] In order to continuously promote the construction of the large-scale model industry ecosystem, the AI Infra Working Group of the China Artificial Intelligence Industry Development Alliance and the Artificial Intelligence Technology and Standards Promotion Committee of the China Communications Standards Association (CCSA TC602) will initiate the development of performance standards for large-scale all-in-one machines. The standards will systematically regulate the performance indicators and technical capabilities of large-scale all-in-one machines, and provide the industry with a unified evaluation benchmark and implementation guide. In the early stage, after preliminary research on the standard with more than 20 companies, the working group has now formed a standard framework. In order to further improve the content of the standard and ensure the wide applicability and operability of the standard, the working group plans to hold a "Large-scale All-in-one Machine Performance Standard Framework Seminar" on August 1 (Friday) to discuss and exchange ideas around the standard framework and content.

14:23:43

Sweden's GDP index in the second quarter increased by 0.1% month-on-month and 0.9% year-on-year; Sweden's GDP index in June increased by 1.0% year-on-year and 0.5% month-on-month

14:23:29

The main thread price rose by 2.01% to 3,348 yuan/ton

14:22:11

[Ming-Chi Kuo: Tesla's AI6 chip is expected to use Samsung's 2nm process, and the SF2 yield is about 50%. It is difficult to predict whether it can be mass-produced as scheduled] Well-known analyst Ming-Chi Kuo said that Tesla expects to mass-produce the AI6 chip in 2027, using Samsung's 2nm (SF2) advanced process. The current yield of SF2 is 40-50%, which is lower than TSMC's N2 process of more than 70% and Intel's 18A of 50-55%. SF2 uses GAA (surround gate transistor) technology similar to SF3, which is conducive to mass production, but it is still difficult to predict whether the AI6 chip with SF2 process can be mass-produced as scheduled.

14:20:47

Commodity support and resistance in one chart: gold, silver, oil and gas + platinum, palladium, copper and agricultural product futures (July 29, 2025) Details>

14:15:18

Spot gold just broke through the $3,320.00/ounce mark and was last trading at $3,320.07/ounce, up 0.17% on the day. The main COMEX gold futures contract was last trading at $3,317.50/ounce, up 0.23% on the day.

14:15:01

Barclays will launch a share buyback program of up to £1 billion.

14:14:19

[The United States accounts for the majority of natural disaster losses in the first half of the year] Munich Re said in a report that the United States accounted for the majority of global natural disaster losses in the first half of 2025. The German reinsurance company estimated that the total losses caused by natural disasters in the first half of the year were US$131 billion, far higher than the long-term average. About US$80 billion of this was insurance-covered losses. Both total losses and insured losses set the second-highest record for the first half of the year since Munich Re began keeping records in 1980, second only to the 2011 Japanese tsunami. The California wildfires were the most costly event during the six-month period, with an estimated total loss of US$53 billion, followed by the earthquake in Myanmar in March, which caused economic losses of US$12 billion. Thunderstorms in the United States also caused US$34 billion in losses.

14:13:18

[Analysis: Pound's Fall Sets the Stage for a Short Squeeze After the Fed's Meeting] The pound sterling fell to its lowest level against the dollar in over two months, as traders anticipate the Fed will keep interest rates unchanged and the Bank of England will cut them. A short squeeze is possible once the Fed's decision is announced. Forex traders are using the euro's weakness as a guise to bet against the pound, with the market pricing in a 25 basis point rate cut by the Bank of England on August 7. Given that short-term implied volatility is also relatively low, this presents an environment that aggressive traders are inclined to exploit. However, the pound has fallen over 3% from its July high against the dollar and has entered oversold territory. This is not the first time the pound has rebounded despite seemingly no support.

14:12:48

[Exhibitions are a "golden business card" of Yiwu. In 2024, Yiwu will hold a total of 55 exhibitions] Exhibitions are a "golden business card" of Yiwu. They grow and develop together with the market, becoming an important fulcrum for leveraging international trade, an important driving force for promoting industrial transformation, and an important window for expanding opening up. Data show that in 2024, Yiwu will hold a total of 55 exhibitions, with an exhibition area of more than 1.12 million square meters. The number and area of exhibitions have both reached new highs, attracting 1.783 million buyers from more than 100 countries and regions, with a trade turnover of 37.51 billion yuan, a year-on-year increase of 6.29%. In the first quarter of this year, Yiwu held 9 economic and trade exhibitions, a year-on-year increase of 12.5%, with an exhibition area of 182,600 square meters, a year-on-year increase of 11%, attracting more than 200,000 professional buyers from home and abroad, and a trade turnover of more than 3.362 billion yuan, a year-on-year increase of 20%.

14:12:34

[The euro is under pressure and difficult to recover. The US-EU trade agreement is said to damage the European economy] 1. The euro continued to be weak on Tuesday. After falling 1.3% overnight, it was still difficult to stabilize and was recently reported at around $1.1578. The market generally believes that the terms of the new trade agreement reached by the United States and Europe are obviously biased towards the United States, which may drag down the European economy. French President Macron criticized the agreement as a "dark day" for Europe and accused the EU of making too many concessions to the Trump administration. German Chancellor Merz also warned that the new tariff arrangement will cause "significant damage" to German exports and the economy. 2. The US dollar index remained stable at a high of 98.69, and the pound fell to a two-month low of $1.3336. Analysts pointed out that the strengthening of the US dollar not only reflects that the agreement is beneficial to the United States, but also suggests that the United States is reshaping its economic and trade relations with major allies. The market is paying attention to the upcoming policy decisions of the Federal Reserve and the Bank of Japan. Although both are expected to remain on hold, the wording of the policy statements may reveal future trends.

14:10:15

[Russian media: The Russian government will consider abolishing the agreement with the United States on the disposal of weapons-grade plutonium] According to a source, the Russian government will review a draft law this week, which involves abolishing an agreement with the United States on the disposal of weapons-grade plutonium. TASS quoted a source as saying that "the draft law has been included in the agenda of the July 31 meeting." The report said that if approved, the bill will be submitted to the Russian State Duma (lower house of parliament) for deliberation. A member of the Russian Bar Association said that Russia's intention to abolish the agreement is related to the US sanctions against Russia. Russia's "Newspaper" interpreted that "the Russian government hopes to abolish an agreement with the United States on the disposal of weapons-grade plutonium." As of press time, no official Russian response to the above news has been seen. Russia and the United States signed the "Plutonium Management and Disposal Agreement" in 2000. According to the agreement, the two sides should convert at least 34 tons of weapons-grade plutonium into civilian nuclear fuel. In October 2016, the Russian side stated that in view of a series of unfriendly actions taken by the United States against Russia, Russia suspended the implementation of the "Plutonium Management and Disposal Agreement"

14:07:41

[Orient Securities: Maintain Ganyuan Food's "overweight" rating, earnings recovery has strong certainty] Orient Securities Research Report pointed out that Ganyuan Food's semi-annual report performance forecast has dropped significantly, and it will take time for the fundamentals to improve. The reasons are the decline in revenue (the year-on-year decline in Q2 revenue slowed down from 13.99% in Q1 but still fell on a low base), the increase in the cost of raw materials such as palm oil, and the increase in sales and management expenses. The company is in a period of business transformation. In order to promote brand and product upgrades and strengthen domestic and foreign channel construction, it has to increase investment in celebrity endorsements, advertising, new product promotion, and online and offline channel development; optimize the management team, introduce excellent management personnel, and management expenses increase year-on-year. Based on the latest semi-annual performance forecast, key assumptions such as the sales growth rate of core categories, the rhythm of channel volume release, and the improvement of expense rates have been lowered, while maintaining the medium- and long-term product and channel expansion logic unchanged. Based on this, the company's earnings forecast is adjusted, and the company's EPS is expected to be 3.33/4.08/4.68 yuan in 2025-2027 (the previous forecast of EPS in 2025/2026 was 5.37/6.52 yuan). Considering the company's multi-brand and multi-channel layout continues to advance, earnings recovery has a strong certainty. With reference to the valuation level of comparable companies, the company is given a PE of 19 times in 2025, corresponding to a target price of 63.27 yuan, and the "overweight" rating is maintained.

14:07:36

Trump lashes out at Putin, sets new 10-12-day deadline! Russia-Ukraine conflict reignites, looming sanctions threat! Details>

14:04:00

Barclays 2025 Outlook: Full-cycle loan loss provisioning of 50-60 basis points

14:03:53

South Africa's monthly rate of private sector credit expansion in June

Previous : 4.98% Forecast : 4.38%

Published Value 4.98%

14:03:52

South Africa's annual M3 money supply rate in June

Previous : 6.86% Forecast : -

Published Value 7.27%

14:02:57

Swedish Statistics Bureau: Sweden's GDP in the second quarter increased by 0.9% year-on-year and 0.1% month-on-month

14:02:13

Norway's June retail sales (excluding motor vehicles) remained unchanged from the previous month

14:01:07

The Nikkei 225 index closed at 40627.92 points today, down 0.90%

13:59:51

[The Fed needs to meet three conditions to cut interest rates, and institutions predict that the first easing may come in December] 1. Vincent Reinhart, chief economist of BNY Mellon Investment Management, pointed out that the Fed needs to meet three key conditions simultaneously to start cutting interest rates: the job market shows signs of weakness, inflation is determined to return to the target path, and decision-makers have full confidence in the above judgments. The agency expects the Fed may cut interest rates by 25 basis points at the December meeting, but believes that the probability of implementing a rate cut between now and the end of the year is still less than 50%. 2. Reinhart emphasized that if future economic data continues to weaken, such interest rate cuts will be seen as policy calibrations, which is both a reassessment of the strength of economic expansion and a reflection that decision-makers may have underestimated the transmission effect of tariffs on inflation. This view highlights the complexity of decision-making faced by the Federal Reserve under the "data-dependent" policy framework.

13:57:40

[U.S. Treasury yields fell slightly, and the market awaited the results of the Fed's interest rate meeting] 1. U.S. Treasury yields fell modestly during the Asian trading session on Tuesday, and the market generally expected that the Federal Reserve would keep interest rates unchanged at its meeting on Wednesday. The yield curve showed a flattening change, and the decline in long-end varieties was more obvious. Data showed that the two-year U.S. Treasury yield fell slightly by 0.6 basis points to 3.915%, while the 10-year and 30-year yields fell by 1.6 basis points to 4.402% and 4.948%, respectively. The interest rate futures market shows that investors expect the cumulative interest rate cut in 2025 to be about 44 basis points. 2. Morgan Stanley analysts pointed out that although its baseline forecast still believes that the Federal Reserve will not cut interest rates this year, changes in the economic situation may cause the policy path to deviate from expectations. The market's focus has shifted to the Fed's post-meeting statement on inflation and economic prospects, in order to find clues to the future direction of monetary policy.

13:57:24

Philips CEO: We are still asking for healthcare products to be excluded from tariffs

13:57:12

[Insta360 founder Liu Jingkang responds to entering the drone market and talks about DJI] On the evening of July 28, Insta360 announced its entry into the drone market and will launch the world's first panoramic drone. Reporters learned that Insta360 founder Liu Jingkang posted a circle of friends today, mentioning his respect for DJI. "The top runners lead the marathon, and you will run faster." Liu Jingkang said that the company's reasons for making drones include seeing that customer needs are not being met, there is room for incremental market growth, and it will drive the company's growth. Liu Jingkang mentioned that entering the drone market was a decision made five years ago. He also said that Insta360 anticipated that making this decision would stimulate DJI to "raid" for panoramic cameras.

13:55:42

A-share Yaxia Hydropower concept sector rose in the short term. Shanhe Intelligent and Xining Special Steel had previously hit the daily limit, followed by Tibet Tianlu, Huaxin Cement, Zhongshe Shares, Jikang Technology, Subote and others

13:55:20

GBP/JPY fell below 198 as expectations of a Bank of England rate cut and safe-haven buying pushed the yen higher. Details>

13:55:12

[North Korea spends a lot of money on tourism: beach umbrella imports surge 47 times, and swimming pool equipment is purchased for the first time in 10 years] Vacation tourism is stimulating North Korea's trade demand. The latest data shows that in the first half of this year, North Korea imported a large number of vacation and tourism-related goods. Among them, the import value of beach umbrellas increased 47 times year-on-year, and water park equipment was imported for the first time in 10 years.

13:48:29

Expert: EU Will Become Increasingly Reliant on US LNG Imports. Finam analyst Sergey Kaufman stated that EU countries' dependence on US LNG is high and will continue to grow, as the US is currently experiencing a growth cycle in LNG production, and the EU is a potential major market. He added that the US accounted for over 50% of the EU's total LNG imports in the first quarter of this year, and this proportion is expected to rise in the coming years. According to the European Commission's Gas Market Report, the EU's total LNG imports will reach 31 billion cubic meters in the first quarter of 2025, an increase of 18% (5 billion cubic meters) from the previous quarter and 11% (3 billion cubic meters) from the same period last year. The report noted that the US remained the EU's largest LNG supplier in the first quarter, accounting for 53% (16.6 billion cubic meters) of its imports from the EU, up 10 percentage points (43%) from the fourth quarter of 2024 and 4 percentage points (49%) from the same period last year. Meanwhile, Russia remains the main supplier of LNG to the EU, with a 17% share in the first quarter, Kaufman said. "However, given the significant supply growth from the United States and Qatar, and the current softness in demand in the Asia-Pacific market, we believe EU countries could easily move away from Russian LNG this year," Kaufman said.

13:44:48

[Shenzhen issues orange rainstorm warning, the whole city enters rainstorm defense state] According to reporters, in the past 3 hours, the cumulative rainfall in Yantian District and Longgang District (Yuanshan Street) of Shenzhen City has reached the level of rainstorm, and 20-40 mm of precipitation is expected to occur in the next 2 hours. Shenzhen Meteorological Observatory issued an orange rainstorm warning signal in the above-mentioned areas at 12:40 on July 29, 2025. It is expected that Luohu District, Longhua District and Longgang District (Henggang, Buji, Longcheng, Bantian, Nanwan, Pinghu, Jihua Streets) will experience 20-40 mm of precipitation within 2-3 hours, and the regional rainstorm yellow warning signal will be extended to the above-mentioned areas. Shenzhen City has entered a rainstorm defense state, please stay away from low-lying and waterlogged dangerous areas. The above-mentioned areas are at high risk of mountain torrents, and pay attention to prevent local waterlogging, mountain torrents, landslides, mud-rock flows and other disasters that may be caused by heavy rain. (CCTV News)

13:41:17

Philips CEO: The EU-US trade agreement provides a clear framework on which we can build. US demand is very strong

13:41:00

Komatsu: Tariff agreement will reduce costs by 3.5 billion yen

13:40:12

[People's Bank of China's second quarter urban depositor questionnaire survey report: the income perception index for this quarter is 45.0%, down 1.2 percentage points from the previous quarter] The People's Bank of China released the urban depositor questionnaire survey report for the second quarter of 2025. The income perception index for this quarter is 45.0%, down 1.2 percentage points from the previous quarter. Among them, 10.2% of residents believe that their income has "increased", 69.7% of residents believe that their income has "remained basically unchanged", and 20.1% of residents believe that their income has "decreased". The income confidence index is 45.0%, down 0.6 percentage points from the previous quarter. For house prices in the next quarter, 8.9% of residents expect "increases", 56.8% of residents expect "remaining basically unchanged", 21.7% of residents expect "decreases", and 12.7% of residents "cannot be sure". (People's Bank of China)

13:38:54

Spot platinum just broke through the $1,390.00/ounce mark and was last reported at $1,389.80/ounce, down 0.76% on the day; the main Nymex platinum futures contract was last reported at $1,417.4/ounce, down 0.17% on the day;

13:37:44

UBS: Downgrade Weichai Power's rating to "Neutral" and raise target price to HK$18.5

13:37:00

Gold prices fluctuated at a three-week low, with market focus shifting to the Fed's decision and attention to the 3,300 mark support. Details>

13:36:13

[Several potential catalysts may prompt the Fed to cut interest rates soon] Paul Eitelman, global chief investment strategist at Russell Investments, said in a research report that there are three potential catalysts that may prompt the Federal Reserve to cut interest rates in the next few meetings. He pointed out that these include a sharp slowdown in the labor market, lower-than-expected actual inflation, and signs that any inflation from tariffs may prove to be temporary. "We believe that the Fed will have enough data, time and policy clarity to reconsider cutting interest rates at its next meeting in September," Eitelman said. The strategist said that Russell Investments expects Fed Chairman Jerome Powell to leave the door open to this possibility at his press conference.

13:35:11

[Leadership of China Changan Automobile Group unveiled] Zhu Huarong was appointed as Party Secretary and Chairman of China Changan Automobile Group Co., Ltd.; Zhao Fei was appointed as Deputy Party Secretary and Director of China Changan Automobile Group Co., Ltd., and nominated as the candidate for General Manager of China Changan Automobile Group Co., Ltd.; Tan Benhong was appointed as Deputy Party Secretary and Director of China Changan Automobile Group Co., Ltd.; Jia Lishan, Deng Wei, and Deng Yueming were appointed as Standing Committee Members of the Party Committee of China Changan Automobile Group Co., Ltd., and nominated as the candidate for Deputy General Manager of China Changan Automobile Group Co., Ltd.; Wang Kun was appointed as Standing Committee Member of the Party Committee of China Changan Automobile Group Co., Ltd., and nominated as the candidate for Chief Accountant of China Changan Automobile Group Co., Ltd.; Pu Xingchuan was appointed as Standing Committee Member of the Party Committee of China Changan Automobile Group Co., Ltd., and nominated as the candidate for Deputy General Manager of China Changan Automobile Group Co., Ltd. (State-owned Assets Supervision and Administration Commission of the State Council)

13:34:45

[People's Bank of China's second quarter urban depositor questionnaire survey report: the income perception index for this quarter is 45.0%, down 1.2 percentage points from the previous quarter] The People's Bank of China released the urban depositor questionnaire survey report for the second quarter of 2025. The income perception index for this quarter is 45.0%, down 1.2 percentage points from the previous quarter. Among them, 10.2% of residents believe that their income has "increased", 69.7% of residents believe that their income has "remained basically unchanged", and 20.1% of residents believe that their income has "decreased". The income confidence index is 45.0%, down 0.6 percentage points from the previous quarter. For house prices in the next quarter, 8.9% of residents expect "increases", 56.8% of residents expect "remaining basically unchanged", 21.7% of residents expect "decreases", and 12.7% of residents "can't tell"

13:33:56

[The US intends to adjust its policy toward Myanmar, and faces multiple obstacles in the fight for rare earth resources] Reuters reported on July 28 that the Trump administration is considering adjusting its policy toward Myanmar in an attempt to transfer Myanmar's heavy rare earth resources. People familiar with the matter revealed that the US proposed two options: negotiate with the military government to promote a ceasefire in Kachin, or cooperate directly with the Kachin Independence Army. The US proposals include lowering tariffs, lifting some sanctions, and establishing an alternative supply chain with India, but experts point out that transportation conditions are poor. It is worth noting that the leader of the military government, Min Aung Hlaing, recently wrote to Trump asking for the easing of sanctions. Although the US lifted some sanctions, it denied a policy shift. At present, the relevant discussions are still in the early stages, and the possibility of maintaining the status quo in the end cannot be ruled out.

13:32:23

[Thailand's Ministry of Public Health: 15 civilians killed in Thai-Cambodian border conflict] On July 29, local time, the Thai Ministry of Public Health announced the latest situation of civilian casualties caused by the Thai-Cambodian border conflict. The data showed that the conflict has caused 15 deaths and 38 injuries on the Thai side.

13:31:19

[Citi: Raise Kuaishou's target price to HK$88] Citibank's report predicts that Kuaishou's second-quarter performance will be in line with expectations, GMV is expected to grow by 14% year-on-year, advertising business will accelerate growth, and Keling's profitability is expected to be good. The report believes that Kuaishou's growth momentum is expected to continue in the second half of the year, especially in shelf-style e-commerce advertising. In view of this, Citi raised Kuaishou's target price from HK$66 to HK$88 and maintained its "buy" rating.

13:26:23

The market wait-and-see sentiment heats up before the Fed's decision, and the gold price hovers near the $3,300 mark, waiting for a direction to be chosen Details>

13:25:15

[Japanese beverage giant considers raising prices in the US and planning other markets] Japanese beverage giant Suntory will consider raising prices for its super-premium whiskey exported to the United States based on consumer sentiment, after the two countries reached a trade agreement that will impose a 15% tariff on imported Japanese goods. The company's chairman and CEO Takeshi Niinami said on Tuesday that the company may still consider raising prices for its premium whiskey series in the United States, and believes that the company is overly dependent on the US and Japanese markets and realizes the importance of emerging markets including China, Southeast Asian countries and India.

13:24:58

[India becomes the largest supplier of smartphones to the United States for the first time] According to Canalys data, India became the largest supplier of smartphones to the United States for the first time in the second quarter of this year, accounting for 44% of the market share. Vietnam, the main production base of Samsung Electronics, ranked second with a share of 30%. The share of mobile phones assembled in China will drop from 61% in the second quarter of 2024 to 25% in the second quarter of 2025, ranking third.

13:24:45

[Data center power supply concept saw unusual movement in the afternoon, Hopewind Electric hit the daily limit] Data center power supply concept saw some unusual movement in the afternoon, Hopewind Electric hit the daily limit, followed by Zhongheng Electric, Shenghong Shares, Kstar, Tonghe Technology, and Megmeet.

13:21:56

Global trade sentiment picks up, and the US dollar index rebounds from a low level Details>

13:20:28

[Institution: Global trade shocks are quietly emerging, but emerging market stocks are still overweight] As the August 1 deadline for tariff increases approaches, financial markets have largely turned a blind eye to tariff uncertainties, and most stock indexes have even hit new highs. But Lombard Odier economists pointed out that a shock to global trade is quietly emerging. The United States' actual tariff of 15% is the highest level since the late 1930s. Forecasts show that the evolving tariff pattern will lead to a significant slowdown in the global economy, although it is not enough to trigger a recession. Although stock market volatility remains low, volatility is expected to gradually increase in the third quarter. In terms of asset allocation, the agency still overweights emerging market stocks because of their lower valuations and more resilient earnings growth.

13:20:01

[India's total smartphone production soared 240% from the same period last year] According to data from research firm Canalys, in the second quarter of this year, smartphones assembled in India accounted for 44% of the total smartphone imports to the United States, a significant increase from 13% in the same period last year. Canalys said that India's total smartphone production soared 240% from the same period last year. The surge in smartphone shipments in India is mainly due to Apple's accelerated production in India. Apple has reportedly accelerated its plans to produce most of its iPhones for the US market in its Indian factories, with the goal of increasing iPhone production in India to about a quarter of total production in the next few years. At the same time, Canalys data showed that overall iPhone shipments in the second quarter fell 11% year-on-year to 13.3 million units, reversing the 25% growth momentum in the previous quarter.

13:17:53

Futures companies' views summarized in one chart: July 29 nonferrous metals (copper, zinc, aluminum, nickel, tin, etc.) Details>

13:15:41

[Lei Jun congratulates China Changan Automobile Group on its official listing] On July 29, Lei Jun posted a message to congratulate China Changan Automobile Group on its official listing! Lei Jun said: "The history of Changan Automobile is a magnificent epic of struggle. After more than 160 years of ups and downs, it has witnessed the vicissitudes of China's modern and contemporary industry. Every step taken by Changan is a commitment to 'long-termism' and a practice of 'technology for good'. Xiaomi is willing to work with Changan and other peers to promote the progress of China's automobile industry!"

13:12:47

UBS: CK Hutchison Ports' transaction introduces mainland investors, target price HK$58.8, "buy"

13:09:10

Kyrgyzstan's central bank said it would set its key interest rate at 9.25% (from 9%).

13:08:58

[Asian coal prices climb to highest level since February] Asian coal price benchmarks have climbed to a five-month high as continued high temperatures boosted demand for electricity for air conditioning and reduced inventories. Australia's Newcastle thermal coal futures rose to $115.50 a tonne, the highest level for the near-month contract since February this year. Last Friday, coal-fired power generation in Tokyo hit a 10-month high due to higher-than-normal temperatures. Japan is one of the major importers of Australian coal. The rise marks a significant rebound in seaborne coal prices. Despite this, current prices are still about 75% lower than the recent highs set after the outbreak of the Russia-Ukraine conflict in 2022. Goldman Sachs analysts pointed out that East Asia may experience higher-than-normal temperatures in the future, which will pose further upside risks to coal demand.

13:08:42

[my country's import and export trade with Central and Eastern European countries hit a record high in the first half of this year] According to customs statistics, in the first half of this year, the import and export trade volume between China and Central and Eastern European countries was 522.88 billion yuan, a year-on-year increase of 6.8%, a record high for the same period in history. In June, the China-Central and Eastern European countries' import and export trade index was 407.29, a record high. (CCTV News)

13:04:55

[Hyperbola-1 Yao-10 carrier rocket launched successfully] The Hyperbola-1 Yao-10 carrier rocket was launched from the Jiuquan Satellite Launch Center in my country, and the Enshi Selenium Capital Mountain Spring satellite on board was successfully sent into the predetermined orbit. The flight test mission was a complete success. This mission is the 8th flight of the Hyperbola-1 carrier rocket. (CCTV)

13:03:16

[Goldman Sachs: Raise Kingdee International's target price to HK$18.87, slightly raise earnings forecasts for the next two years by 1% each] Goldman Sachs published a research report stating that it expects the second-quarter revenue growth of the nine software companies covered to improve quarter-on-quarter, mainly driven by the recovery of customer order momentum, but IT spending in some industries such as construction is still facing short-term pressure. The bank expects software companies to continue to have weak earnings in the second quarter, and earnings growth may improve in the second half of the year with improved operating efficiency and personnel optimization. In terms of the Chinese ERP sector, Goldman Sachs believes that Kingdee International's revenue is expected to grow by 13% year-on-year to 3.2 billion yuan in the first half of the year, mainly driven by improved spending by large corporate customers, and believes that increased per capita productivity will drive earnings improvement. Goldman Sachs maintains Kingdee's "buy" rating, and the target price is raised from HK$17.81 to HK$18.87; the earnings forecast for 2026 and 2027 is raised by about 1% to reflect the slight reduction in the operating expense ratio driven by the growth of large enterprise cloud service revenue and improved operating efficiency, and the forecast for this year remains unchanged.

13:02:48

[Can Gold Bar Prices Break Through 800 Yuan? Experts Say Gold Still Has an Upward Trend in the Long Run] Since mid-March, domestic investment gold bar prices have entered the 700 yuan/gram range, briefly exceeding 800 yuan/gram. Currently, domestic investment gold bar prices have been hovering around 700 yuan for over four months. How long will gold bar prices remain at 700 yuan, and will they break through 800 yuan in the future? Zhao Qingming, Vice President of the Huiguan Information Research Institute, said in an interview that from a trade perspective, gold prices retreated from their high of $3,400 per ounce last Wednesday. Since the beginning of this year, especially since early April, tariff wars and global trade conflicts have become significant factors influencing gold prices. Gold prices have risen when trade wars intensify, but have fallen significantly when tariff agreements are reached and trade tensions ease. Wang Hongying, President of the China (Hong Kong) Financial Derivatives Investment Research Institute, predicts that, from a long-term perspective, political, economic, and military confrontations between countries are long-standing conflicts and lack a fundamental solution, so gold prices are expected to continue to rise in the long run. (National Affairs Express)

13:02:31

Finland's house price index fell 0.4% month-on-month and 1.3% year-on-year in June

13:02:16

[Institution: The Federal Reserve will remain on hold this week, and two major doves are expected to object] Ulu Persi, chief U.S. economist at Price, said that the Federal Reserve is expected to keep interest rates unchanged at 4.25%-4.5% this week, but Waller and Bowman may object. This may fuel speculation that interest rates will fall faster once more officials appointed by Trump join the Federal Reserve Board starting in the first quarter of 2026. Dovish Waller and Bowman may argue that monetary policy is restrictive because tariff-related inflation is being offset by other factors, and use the neutral interest rate of close to 3% as a reason to cut interest rates. Powell is expected to try to guide the FOMC to wait as long as possible for the next rate cut, and a rate cut in October is more likely than in September.

13:01:51

[Zhiyuan Partner Yao Maoqing: The robotics industry will enter a period of intensive submission in the second half of the year] Yao Maoqing, partner of Zhiyuan Robotics and president of the embodied business unit, believes that robots need to return to the "actuator" itself. Actuators with high frequency, high precision tracking and low latency are very important. Secondly, high precision and high resolution force control are also needed to achieve industrial scene operations. He hopes that in the future, the robot's body will be closer and closer to the human configuration and bring a higher degree of freedom.

43

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%)

Home
|
News
|
Live
|
Markets
|
Calendar

Risk Disclosure: Trading stocks, currencies, commodities, futures, bonds, funds or cryptocurrencies involves significant risks. These risks include the loss of part or all of your investment capital, so trading is not suitable for all investors. Before making any financial decision, you should conduct your own due diligence, use your own judgment, and consult a qualified advisor. The content on this website is not specifically directed at you, nor have we considered your financial situation or needs. Information provided on this site may not be real-time or accurate. Prices shown on this website may be provided by market makers rather than exchanges. You are solely responsible for any trades or financial decisions made based on the information from this site, and you must not rely on such information. We make no guarantees regarding any information on the website and assume no responsibility for any trading losses caused by the use of this information. Use, storage, copying, display, modification, dissemination or distribution of the data contained on this site is prohibited without prior written permission. All intellectual property rights in the data provided on this site are reserved by the respective data providers and exchanges.

TURBOFIN TECHNOLOGIES PTY LTD Copyright © 2025 FXBus Ltd