早餐 | 2025年7月23日

Group 1: Market Performance - The S&P 500 index closed at a new high, while the tech sector's rally paused, dragging down the Nasdaq [1] - Domestic bulk commodity markets experienced a collective surge, with six major products hitting the daily limit [1] - A-share coal stocks saw a surge, with reports of a "coal mine production inspection" notice confirmed by media [1] Group 2: Company News - Medpace's Q2 performance significantly exceeded expectations, leading to a nearly 55% surge in its stock price, positively impacting CRO concept stocks [1] - SAP, the largest weight in European stocks, reported cloud sales below expectations, raising concerns over tariffs and currency fluctuations, resulting in a 3% drop in after-hours trading [1] Group 3: Trade Agreements - Trump announced a trade agreement with Japan, setting a tariff rate of 15% [1] - Trump also stated that a trade agreement with the Philippines has been reached, imposing a 19% tariff [1] Group 4: Federal Reserve Pressure - Trump has moderated his stance on "firing Powell" while simultaneously pressuring the Federal Reserve alongside Bessenet, who stated that Powell has no reason to resign early [1]