Overnight US stocks | Federal Reserve officials are increasingly concerned about high inflation, the three major indexes are mixed, and Sandisk (SNDK.US) rose by 6.7%.

On Wednesday, the three major indices saw mixed movements. The US launched a new round of attacks on Iran, marking at least the fourth round of strikes since the memorandum of understanding was signed between the US and Iran in mid-June. Currently, the retaliatory actions from both the US and Iran have not reached the level of intensity seen at the beginning of the conflict. The minutes from the June Federal Reserve meeting showed that officials are increasingly concerned about high inflation. Despite concerns about the expanding range of price increases and the potential need for rate hikes, they followed the lead of Fed Chairman Powell and released a more concise policy statement. At the meeting on June 16-17, a few participants believed there was reason to raise rates immediately. [US Stocks] At the close, the Dow fell 576.76 points, or 1.09%, to 52,348.39; the Nasdaq rose by 51.96 points, or 0.20%, to 25,870.65; and the S&P 500 fell 21.14 points, or 0.28%, to 7,482.71. Micron Technology, Inc. (MU.US) rose by 1%, NVIDIA Corporation (NVDA.US) rose by 3.6%, and SanDisk (SNDK.US) rose by 6.7%. The Nasdaq Golden Dragon Index closed up by 2.05%, and Alibaba Group Holding Limited Sponsored ADR (BABA.US) rose by 11%. [European Stocks] The German DAX30 Index fell 585.80 points, or 2.30%, to 24,903.46; the UK FTSE 100 Index fell 186.79 points, or 1.75%, to 10,479.09; the French CAC 40 Index fell 183.58 points, or 2.18%, to 8,252.66; the Euro Stoxx 50 Index fell 116.00 points, or 1.84%, to 6,203.86; the Spanish IBEX35 Index fell 541.57 points, or 2.76%, to 19,098.63; and the Italian FTSE MIB Index fell 642.94 points, or 1.23%, to 51,812.50. [Asian Stocks] The Nikkei 225 Index fell by 2.11%, and the KOSPI Index in South Korea fell by 5.35%. [US Dollar Index] The US Dollar Index, which measures the US dollar against six major currencies, fell by 0.03% to close at 100.990 in the forex market. At the close of the New York forex market, 1 euro exchanged for 1.1426 US dollars, higher than the previous trading day's 1.1419 US dollars; 1 pound exchanged for 1.3400 US dollars, higher than the previous trading day's 1.3363 US dollars. 1 US dollar exchanged for 162.48 Japanese yen, higher than the previous trading day's 161.94 Japanese yen; 1 US dollar exchanged for 0.8076 Swiss francs, unchanged from the previous trading day; 1 US dollar exchanged for 1.4169 Canadian dollars, lower than the previous trading day's 1.4195 Canadian dollars; and 1 US dollar exchanged for 9.6903 Swedish krona, higher than the previous trading day's 9.6784 Swedish krona. [Cryptocurrency] Bitcoin fell by over 1.9% to $62,332.83, and Ethereum fell by over 1.8% to $1,742.71. [Oil] The price of light crude oil futures for August delivery on the New York Mercantile Exchange rose by $3.08 to close at $73.52 per barrel, an increase of 4.37%; and the price of Brent crude oil futures for September delivery on the London market rose by $3.86 to close at $78.02 per barrel, an increase of 5.2%. [Precious Metals] Spot gold fell to $4077.49 per ounce, and spot silver traded at $58.28 per ounce. [Macro News] Federal Reserve Meeting Minutes: Officials have clear divergences on rate direction, the possibility of rate hikes and cuts coexist. The minutes from the Federal Reserve's June policy meeting showed that officials have clear differences in their views on future interest rate directions. Some members believe that inflation may ease, creating conditions for rate cuts, while others are concerned that price pressures will persist, indicating a need for rate hikes. At the meeting held on June 16-17, the Federal Reserve unanimously decided to keep the benchmark interest rate unchanged at 3.5% to 3.75%. However, the discussion at the meeting showed that decision-makers have different projections for the year-end interest rate level. Some officials believe that the year-end interest rate may be close to the current level or even slightly lower, while others believe that the rate may need to be higher than the current level. The Federal Reserve stated that future policy adjustments will be based on economic data such as inflation and employment. Federal Reserve Echo Chamber: The core division at the Federal Reserve is on inflation outlook, not policy direction. Journalist Nick Timiraos stated that the minutes from the Federal Reserve's June meeting showed that the divisions among officials mainly stem from different views on the future economic trends, rather than a fundamental conflict on the strategy of raising or lowering rates. The Federal Reserve has formulated two possible scenarios: if inflation remains high, almost all officials believe that higher rates need to be maintained, or even policy needs to be further tightened; but if inflation quickly falls back to the target level of 2%, almost all officials also believe that the current rates can be maintained or even cut in the future. He believes that the wording "quickly falling back to 2%" is key, giving the Federal Reserve room for policy adjustments. Currently, officials are truly concerned about whether inflation will continue to rebound or re-enter a downward trajectory. Timiraos summarized that the Fed's next steps will still depend on economic data, especially the performance of inflation. The market had previously bet on rate cuts, but the latest minutes show that there is still considerable uncertainty in the policy outlook. Analysts: The US and Iran are entering a "talk while applying pressure" phase, and the future may see repeated tensions. According to reports, Iran analyst Mortazavi stated that after direct firing between the US and Iran has ended, both sides are now entering a phase of "diplomatic negotiations and military pressure coexisting." She stated that the understanding reached currently is just a temporary ceasefire and has not resolved the fundamental disagreements between the US and Iran. Both sides are testing each other's bottom lines through actual actions and trying to gain a more favorable position in subsequent negotiations. Mortazavi stated that Iran is still willing to negotiate but also hopes to increase its leverage through maintaining military pressure. She believes that Iran is currently pursuing a strategy of "using pressure to drive diplomacy." She pointed out that Iran still lacks trust in the US, and some officials believe that the current agreement is only a "temporary ceasefire", not a genuine move towards peace. She warned that in the coming months, tensions and conflicts between the US and Iran may continue to escalate in stages, rather than moving towards long-term peace or all-out war. [Individual Stock News] Meta (META.US) to build a $13 billion data center in Alberta, Canada. Tech giant Meta announced on Wednesday that it will build a large data center in central Alberta, the company's first in Canada, aimed at supporting the global artificial intelligence boom through rapid expansion of computing capabilities. Meta stated that the 1 gigawatt data center will be located in Stikine County, with a total investment of $13 billion Canadian dollars (or $9.17 billion US dollars). Meta has been ramping up its efforts in artificial intelligence and has pledged to invest billions of dollars in building large AI data centers in the United States. The announcement in Alberta marks the landing of the company's 33rd data center worldwide.