三大股指期货齐跌，美国7月CPI今晚揭晓

Market Overview - US stock index futures are all down before the market opens, with Dow futures down 0.05%, S&P 500 futures down 0.07%, and Nasdaq futures down 0.06% [1] - The German DAX index is down 0.49%, while the UK FTSE 100 is up 0.07%, and the French CAC40 is up 0.10% [2][3] - WTI crude oil is down 0.69% at $63.52 per barrel, and Brent crude oil is down 0.51% at $66.29 per barrel [3][4] Economic Data and Inflation - The US July Consumer Price Index (CPI) is set to be released, with expectations of a year-on-year increase of 2.8%, up from 2.7% in June [5][6] - The core CPI, excluding food and energy, is expected to rise from 2.9% in June to 3.0% in July, indicating persistent inflation pressures [5][6] Corporate Earnings and Stock Buybacks - US companies are projected to repurchase over $1.1 trillion in stock this year, with $983.6 billion already announced, led by tech giants and major banks [7] - Strong earnings and economic resilience have driven stock buybacks, with companies like Apple, Alphabet, JPMorgan, Bank of America, and Morgan Stanley among the top repurchasers [7] Company-Specific News - Sea Ltd reported Q2 revenue of $5.26 billion, a 38.2% year-on-year increase, driven by its e-commerce and digital financial services [11] - Circle's Q2 revenue grew 53% to $658 million, primarily due to increased USDC circulation, despite a net loss of $482 million [12] - Smithfield Foods saw Q2 sales increase by 11% to $3.79 billion, benefiting from strong demand for packaged meat products [13] - Tencent Music's Q2 revenue rose 17.9% to 8.44 billion yuan, with online music service revenue increasing by 26.4% [14] - Pony.ai's Q2 revenue surged 75.9% to 215 million yuan, driven by a threefold increase in Robotaxi passenger fare income [15] Regulatory and Trade Developments - The US and China have agreed to suspend the implementation of a 24% tariff for 90 days, retaining a 10% tariff on certain goods [9] - President Trump indicated a potential allowance for Nvidia and AMD to export downgraded AI chips to China, with a 15% revenue share for the US government [18]