2. 罗素投资：美联储料将维持利率不变，其将在9月议息会议前获得足够数据、评估时间及政策确定 性，从而在9月重启降息周期。 3. 富国银行：美联储料将维持利率不变，将会在今年秋季开始降息，至年底前共降息75个基点，这应有 助于缓解委员会面临的部分政治压力。 4. 宝盛银行：美联储料将维持利率不变，或在9月重启降息周期，私人消费停滞和投资计划减少将证 明，尽管通胀高于目标，降息也是合理的。 5. 澳新银行：美联储料将维持利率不变，鲍威尔可能在杰克逊霍尔年会上暗示利率正常化，叠加经济活 动、就业和通胀都在走弱，预计将在9月降息。 金十整理：机构前瞻美联储利率决议（一）——7月会议只是"预热"，9月还是12月降息成争论焦点 9月重启降息 1. 高盛集团：美联储料将维持利率不变，仍预计其将在9月、10月和12月的会议上连续三次降息25个基 点，明年还会有两次降息。 年底前不会降息 1. 法巴银行：美联储料将维持利率不变，并将在年底前维持利率不变，直至确信关税效应的不确定性已 经基本消除。 2. 裕信银行：美联储料将维持利率不变，今年将仅在12月降息一次，这基于我们对关税将推高通胀且经 济能避免衰退的判断。 3. 野村 ...

Market Overview - The market capitalization of major US stocks shows varied performance, with Oracle at 762.30 billion, Mastercard at 321.36 billion, and Visa at 770.15 billion, reflecting increases of +0.66%, +0.86%, and +0.68% respectively [3] - Exxon Mobil's market cap is 679.53 billion, with a slight decrease of -0.98%, while Johnson & Johnson and Netflix show minor changes of -0.08% and -0.05% respectively [3] - Companies like Wells Fargo and Cisco have market caps of 270.15 billion and 279.59 billion, with respective increases of +0.98% and -0.58% [3] Notable Stock Movements - T-Mobile US Inc experienced a significant increase of +6.20%, reaching a market cap of 272.19 billion [3] - General Electric and Coca-Cola saw market caps of 285.05 billion and 298.76 billion, with increases of +0.37% and +0.91% respectively [3] - Companies like Disney and Goldman Sachs have market caps of 229.06 billion and 221.80 billion, with slight changes of +0.01% and -0.60% [3] Sector Performance - The technology sector shows mixed results, with Intel at 991.05 billion, down -3.28%, while AMD increased by +2.46% to 254.92 billion [5] - The consumer goods sector is represented by companies like Procter & Gamble and Coca-Cola, with market caps of 371.68 billion and 298.76 billion, showing slight increases [3][4] - The energy sector, represented by Exxon Mobil and Chevron, shows varied performance, with Exxon down -0.98% and Chevron up +0.66% [3] Summary of Key Companies - Oracle's market cap stands at 762.30 billion, reflecting a positive trend [3] - Mastercard and Visa show strong performance with market caps of 321.36 billion and 770.15 billion, both increasing [3] - Companies like Pfizer and Comcast have market caps of 1579.81 billion and 1332.00 billion, with Pfizer showing minimal change and Comcast down -3.16% [4][5]

Core Insights - Goldman Sachs and BNY Mellon are set to announce a groundbreaking collaboration to create a new channel for professional investors to purchase tokenized money market funds [1] - The initiative aims to leverage blockchain technology to record fund ownership, allowing direct investment in money market funds [1] - The project has attracted top asset management firms including BlackRock, Fidelity, and Invesco, as well as the asset management subsidiaries of Goldman Sachs and BNY Mellon [1] Group 1: Tokenization and Market Impact - The tokenization of money market funds is seen as a significant milestone in the development of digital assets, especially following the recent signing of the GENIUS Act, which establishes a regulatory framework for stablecoins [1] - The tokenized money market funds can generate returns for holders, making them attractive to hedge funds, pension funds, and corporate cash management [1] - Approximately $2.5 trillion has been injected into money market funds since the Federal Reserve began its rate hike cycle in 2022, highlighting the growing interest in this asset class [1] Group 2: Technological Advancements - The collaboration will enable faster settlements, round-the-clock trading, and automation through the creation of digital ownership certificates for money market funds [2] - BNY Mellon will maintain traditional money market records alongside the tokenized assets to ensure a smooth transition [2] - The tokenization allows for direct transfers of digital funds between financial intermediaries without the need to convert to cash, enhancing their utility as collateral and margin for large transactions [2][3] Group 3: Efficiency and Practical Value - The vast scale of the market presents significant opportunities to enhance the efficiency of financial infrastructure [3] - Companies can transfer tokens instead of liquidating funds for transaction margins, thereby freeing up time and capital previously tied up in traditional trading processes [3]

Market Performance - The US stock market saw significant gains on July 23, with the Dow Jones Industrial Average rising by 507.85 points, or 1.14%, closing at 45010.29 points. The Nasdaq Composite increased by 127.33 points, or 0.61%, closing at 21020.02 points, marking its first close above the 21000-point threshold. The S&P 500 index rose by 49.29 points, or 0.78%, closing at 6358.91 points [1][3][4]. Trade Agreements - President Trump announced a trade agreement between the US and Japan, which has heightened market expectations for further trade agreements before the August 1 tariff deadline. The agreement includes a reduction of the reciprocal tariff rate from 25% to 15% and Japan's commitment to invest $550 billion in the US [2][6][7]. Sector Performance - In the S&P 500, nine out of eleven sectors experienced gains, with the healthcare and industrial sectors leading with increases of 2.03% and 1.75%, respectively. The utilities and consumer staples sectors saw declines of 0.79% and 0.07% [8]. - Major technology stocks mostly rose, with AMD increasing over 3%, and other companies like NVIDIA, Boeing, and TSMC rising over 2%. Financial stocks also saw gains, with Mizuho Financial up over 6% and UBS Group up over 3% [8]. Chinese Stocks - The Nasdaq Golden Dragon China Index rose by 0.75%, with notable increases in stocks such as iQIYI, which rose over 4%, and Tiger Brokers, which increased over 3%. However, some stocks like NIO and Li Auto saw declines of over 1% [9].

Group 1 - Goldman Sachs and BNY Mellon are reportedly collaborating to integrate cryptocurrency technology into money market funds [1]

Group 1 - Goldman Sachs and BNY Mellon are reportedly collaborating to integrate cryptocurrency technology into money market funds [1]

Market Trends & Industry Dynamics - Goldman Sachs and Bank of New York Mellon are collaborating on a tokenized money product aimed at transforming the $7 trillion money market industry [1] - Stable coins are gaining traction, with Citigroup, Bank of America, and JP Morgan considering issuing their own [2] - The innovation aims to bring the $7.1 trillion money market industry to the blockchain, enhancing transferability [3] Investment Opportunities & Potential Risks - The tokenized money product seeks to offer a yield, attracting institutional players like hedge funds, pensions, and corporate treasurers [3] - Corporate treasurers may prefer tokenized money for its potential to earn a yield close to 3% to 4%, compared to holding cash at 0% [6] Product Features & Benefits - The tokenized money product aims to streamline cash management by enabling the exchange of tokens, potentially cutting steps in the process [7] - The underlying asset is well-trusted and has gained approximately $2 trillion in the last two to three years [6]

Core Points - Canadian Banc Corp. has released its semi-annual financial statements and management report of fund performance for the six months ended May 31, 2025 [1] Group 1 - The financial statements and management report are available on the Company's website and SEDAR Plus [1] - Investors can contact Investor Relations for further information [1]

Global financial firms Goldman Sachs and BNY Mellon are working together on a tokenized money market product. https://t.co/mk98d7tH28 ...

Digital Assets & Financial Institutions - Goldman Sachs and BNY are set to launch digital tokens tied to money market funds [1] Market Sentiment - The market expresses a belief in the early stage of digital asset adoption with "We are so early lol" [1]