国际金融市场早知道：7月25日

Market Insights - President Trump visited the Federal Reserve and described the discussions with Chairman Powell on interest rates as "very productive," indicating a close observation of the committee's rate-setting process [1] - The European Central Bank (ECB) paused its interest rate cuts for the first time since June 2024, highlighting trade disputes as a major source of policy uncertainty [1] - The EU member states voted to impose counter-tariffs on $93 billion worth of U.S. products, which will automatically take effect if trade negotiations fail by August 7 [1] Economic Indicators - The U.S. manufacturing PMI fell to 49.5, the lowest since December 2024, while the services PMI rose to 55.2, marking the highest since December 2024 [2] - The Eurozone's manufacturing PMI reached 49.8, the highest since July 2022, with the services PMI unexpectedly rising to 51.2, pushing the composite PMI to 51, above market expectations [2] - South Korea's GDP grew by 0.6% quarter-on-quarter in Q2, driven by a recovery in consumption and improved exports [2] Commodity and Currency Markets - COMEX gold futures fell by 0.77% to $3,371.3 per ounce, while silver futures decreased by 0.55% to $39.285 per ounce [4] - U.S. oil futures rose by 1.39% to $66.16 per barrel, and Brent crude increased by 0.96% to $68.48 per barrel [5] - The U.S. dollar index increased by 0.29% to 97.49, with various currency pairs showing mixed performance against the dollar [5][6]