GMT EIGHT - Economy&politics -

EU Defers Two Retaliatory Measures Against U.S. Tariffs by Six Months to Facilitate Trade Negotiations

July Special Bond Issuance Reaches Year-to-Date Peak, Poised to Reinforce Infrastructure Investment

Inbound Tourism Accelerates as China’s Travel Service Exports Jump Nearly 70% in H1

Financing and Applications Expand Across the Board as Low-Altitude Economy Firms Accelerate Global Market Competition

Three Hong Kong Biotech Innovation ETFs Double in Returns This Year as Retail Investors Surge—Has the Sector Peaked After Three Straight Losses?

Dollar faces crisis of confidence! Wall Street strategist says its long-term trend is weak.

Despite the US dollar recording its largest monthly increase in three years in July, Wall Street foreign exchange strategists remain firmly bearish on the US dollar.

Up to 250%! Trump said he will announce tariffs on chip and drug imports in "about a week" in the future.

President Trump announced on Tuesday that the U.S. government will impose tariffs on imported products from the semiconductor and pharmaceutical industries in the "next week or so."

The US Department of the Treasury increases short-term government bond issuance, stabilizing demand for stablecoins as a new emerging buying force.

The US Department of the Treasury announced that it will auction $100 billion worth of four-week Treasury bills this week, the largest amount in history.

The US service sector continued to expand in July, but concerns arose over employment and inflation pressure.

The latest report of the Institute for Supply Management (ISM) on the Services Purchasing Managers' Index showed that the US service sector continued to grow for the second consecutive month in July, indicating that despite facing inflation and pressure in the job market, the industry as a whole remains resilient.

"Copper market dynamics and opportunities for Zijin Mining Group (02899): Latest insights from Bank of America and Goldman Sachs"

Goldman Sachs pointed out that it had previously warned that transactions related to "mineral diplomacy" could bring downside risks to the spread trading of COMEX - LME, and it has closed its long COMEX - LME trading recommendation.

Late-night emergency! The Hong Kong Monetary Authority intervenes for the third time in a week to protect the exchange rate. What is happening to the Hong Kong dollar?

In the early morning of August 5th, the Hong Kong dollar hit the weak side of the exchange rate guarantee at 7.85. The Hong Kong Monetary Authority bought 64.29 billion Hong Kong dollars, and the total balance of the banking system in Hong Kong is expected to decrease to 724.61 billion Hong Kong dollars tomorrow (the total balance is the interbank liquidity, and intervention will directly affect it).

U.S. companies reap huge tax reform advantages, cash flow soars by billions of dollars.

The Trump tax reform brings benefits, with American companies announcing more investments and orders.

The US trade deficit narrowed to its narrowest level since 2023, with the main reason being a decline in imports.

Due to businesses cutting back on purchases after a large-scale import wave at the beginning of the year, the U.S. trade deficit narrowed to its lowest level since September 2023 in June.

Trump said that Powell did not want to be nominated as the chairman of the Federal Reserve and reiterated that the employment data is "manipulated."

Trump said on Tuesday that Treasury Secretary Mnuchin told him he does not want to be nominated to succeed Powell as the next chairman of the Federal Reserve.

Dollar "dead cat bounce"? Doubleline Capital: Likely to depreciate significantly, initiating a "multi-year downturn cycle"

Doubleline Capital predicts that the US dollar still has further room for depreciation.

CFTC will allow spot cryptocurrency trading on registered exchanges.

The Commodity Futures Trading Commission (CFTC) announced on Monday that it will allow futures exchanges registered with the regulatory agency to conduct trading in spot cryptocurrency contracts.

Macao Monetary Authority: Broad money supply continued to rise in June, with residents' deposits and loans increasing month-on-month.

Today, statistics released by the Monetary Authority of Macao show that the broad money supply continued to rise in June 2025. At the same time, both resident deposits and loans increased compared to the previous period.

Risk sentiment is heating up! Interest rate cuts and positive profit expectations resonate positively, causing emerging market stocks to continue to rise.

Emerging markets are regaining momentum due to expectations of profit and interest rate cuts.

Hong Kong Property Market: Over 4200 registered transactions of second-hand residential properties in July, an increase of about 2.2% compared to the previous month, reaching a three-month high.

Director Wang Pin-di of the research department of Hong Kong Real Estate expressed that, according to data from the Hong Kong Land Registry, there were a total of 4233 registered transactions of second-hand residential properties (including both private and public housing) in July, an increase of approximately 2.2% from June's 4140 transactions, reaching a new high in the past 3 months.

Macau: The total registered capital in the first half of the year was 3.0 billion Macau patacas, with a net increase of 1551 companies.

On August 5th, the Statistics and Census Service of Macao reported that a total of 1,107 new companies were set up in the second quarter of this year, with the majority being in the wholesale and retail trade industry and business services industry, accounting for 380 and 326 companies respectively.

JF: Fed Rate Cut May Reshape US Stock Market Small-Cap Stocks Have Potential to Outperform Large Tech Stocks

Investment bank Jefferies said that as the Federal Reserve nears a rate cut, the US stock market may see a shift in which small-cap stocks outperform large-cap technology stocks.

Teresa Xu: The bad weather trading mechanism brings full certainty to the Hong Kong market.

Kenneth Tso, Director of Financial Services and the Treasury Bureau of Hong Kong, stated that Chief Executive Carrie Lam announced last year that the Hong Kong Stock Exchange (00388) would implement arrangements for securities markets to continue operating in adverse weather conditions starting on September 23 of the same year. Today marks the first full trading day in Hong Kong to maintain operations under adverse weather conditions.

Global M&A volume hits a new high in the same period after the pandemic! It has reached $2.6 trillion from the beginning of the year, and the demand for AI and corporate growth is fueling a surge in transactions.

The global M&A transaction volume has climbed to $2.6 trillion, reaching the highest level for the same period (first 7 months) since the peak during the pandemic in 2021.

Eurozone July PMI slightly rebounded to a four-month high but still failed to hide the economic growth slump.

The Eurozone comprehensive PMI index in July hit a new high in four months, but still below the long-term average of 52.4, reflecting the ongoing economic weakness in the Eurozone.

China Chamber of Commerce for Import and Export of Machinery and Electronic Products: Resolutely resist all types of unfair competition in the photovoltaic industry, such as exporting below cost price.

The China Chamber of Commerce for Import and Export of Machinery and Electronic Products states that it firmly opposes all forms of unfair competitive behavior such as exporting below cost price.

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