Group 1 - The U.S. Trade Representative, Tai, stated that tariff rates are set based on the trade deficit with the U.S. [1] - The situation with Switzerland is described as challenging [1] - Switzerland exports a significant amount of pharmaceuticals to the U.S. [1] - Negotiations with Switzerland have not resulted in an agreement [1]

Group 1 - The U.S. non-farm payroll report for July will be released at 20:30 Beijing time [1]

Group 1 - The Intercontinental Exchange (ICE) Arabica coffee futures have decreased by nearly 3%, reaching a price of $2.8780 per pound [1]

美国贸易代表格里尔：瑞士向我们运送大量药品。 ...

杰富瑞：将苹果(AAPL.O)目标价从188.32美元上调至190.67美元。 ...

Group 1 - The core issue discussed is the contradiction between the apparent improvement in the fundamentals of soda ash, characterized by supply contraction and inventory depletion, and the declining prices observed in the market [1] Group 2 - The article highlights that despite the positive indicators in supply and inventory, market prices for soda ash continue to fall, raising questions about the underlying market dynamics [1]

Core Viewpoint - The People's Bank of China and the China Securities Regulatory Commission have released the "Supervision and Management Measures for Financial Infrastructures," focusing on the regulation of financial infrastructure operations, risk management, and corporate governance [1] Group 1: Regulatory Framework - The measures aim to establish a unified regulatory standard for financial infrastructures, ensuring the safe, stable, and efficient operation of financial markets [1] - The document consists of six chapters and thirty-seven articles, covering general principles, establishment, operational requirements, supervision and management, legal responsibilities, and supplementary provisions [1] Group 2: Key Objectives - The measures clarify the identification standards for systemically important financial infrastructures and macro-prudential management requirements [1] - The People's Bank of China will collaborate with the China Securities Regulatory Commission to enhance the construction and coordinated regulation of financial infrastructures [1] - The goal is to create a financial infrastructure system that is well-structured, effectively governed, advanced, reliable, and resilient, contributing to the construction of a strong financial nation [1]

Group 1 - The core viewpoint is that U.S. Trade Representative Tai stated that trade deficits will determine tariff rates [1] Group 2 - The statement emphasizes the relationship between trade deficits and the imposition of tariffs, indicating a strategic approach to trade policy [1]

Group 1 - The U.S. non-farm payrolls and unemployment rate for July, along with average hourly wage growth on a monthly and yearly basis, are set to be released shortly [1]

Core Viewpoint - Analysts express concern that significantly weaker-than-expected U.S. non-farm payroll data could challenge the current strength of the U.S. dollar, potentially undermining the narrative of economic resilience in the face of tariff threats [1] Summary by Relevant Categories Economic Outlook - Analysts are pessimistic about the upcoming non-farm payroll report, suggesting it may disrupt the perception of U.S. economic resilience [1]