Core Viewpoint - The U.S. economy is facing a "dual narrative" as July's non-farm payrolls showed a disappointing increase of 73,000 jobs, falling short of economists' expectations of 100,000 jobs, while the unemployment rate slightly rose from 4.1% to 4.2% [1] Group 1: Economic Outlook - Optimists believe the economy demonstrates remarkable resilience, as tariff threats have impacted some product prices but have not led to significant inflation, and consumer confidence is recovering [1] - Pessimists highlight widening cracks in the economy, with companies like Procter & Gamble and Chipotle reporting increased consumer price sensitivity, particularly among younger demographics who are cutting back on non-essential spending [1] Group 2: Labor Market Insights - The labor market remains stable according to Guy Berger, a senior researcher at the Burning Glass Institute, with almost all major indicators remaining steady since last fall [1] - The policy environment is identified as the biggest variable affecting stability, with concerns over tariffs, immigration restrictions, and new tax legislation potentially impacting future economic conditions [1]

Core Viewpoint - The yield on the US 10-year Treasury bond decreased by 10 basis points to 4.27% [1] Group 1 - The decline in the 10-year Treasury yield indicates a potential shift in investor sentiment towards safer assets [1]

交易员重新完全消化年底前美联诸降息两次的情景。 ...

智通财经8月1日电，美元指数日内跌1.06%，报98.994。此前公布的美国7月非农就业人数增加7.3万 人，不及市场预期。 ...

两年期美债收益率大幅下跌12个基点，至3.83%，10年期收益率下跌8个基点。利率互换数据显示，交 易员预计美联储在9月降息25个基点的概率为66%，并已完全消化到10月底前降息。美国劳工统计局周 五公布的报告显示，7月非农就业人数增加73,000人，前两个月的数据被大幅下修；失业率小幅上升至 4.2%。 美国国债价格跃升 就业数据增强了降息预期 智通财经8月1日电，美国就业报告显示非农就业增长低于预期后，美国国债价格走高，交易员加大了对 美联储降息的押注。 ...

Group 1 - The New Zealand dollar (NZD) has appreciated by 0.50% against the US dollar (USD), currently trading at 0.5917 [1]

美国7月非农就业报告公布后，美国2至7年期国债收益率日内下跌至少10个基点。现货黄金累计拉升约 30美元，现报3344美元/盎司。美元指数累计下跌约100点，现报99.23。 ...

Group 1 - The core point of the article highlights a significant increase in spot gold prices following the release of non-farm payroll data, with gold rising by $38 within 15 minutes to reach $3,340 per ounce [1] - The US Dollar Index (DXY) experienced a notable decline, dropping over 100 points to a low of 99.11 [1]

Core Insights - The U.S. added 73,000 jobs in July, indicating a moderate growth in the labor market [1] Group 1 - The non-farm payroll data for July shows an increase of 73,000 jobs, reflecting ongoing employment trends in the U.S. economy [1]

Group 1 - The USD/JPY exchange rate has fallen below 149, indicating a significant decline in the value of the US dollar against the Japanese yen [1] - The intraday drop for the USD/JPY was recorded at 1.17%, reflecting a notable movement in the currency market [1]