核心PCE通胀符合预期，欧美股市维持跌势，阿里绩后涨近7%

Economic Data - The US July PCE price index increased by 2.6% year-on-year, matching expectations and previous values [1] - The core PCE price index rose by 2.9% year-on-year, the fastest growth in five months, aligning with expectations and exceeding the previous value of 2.8% [1] - The data did not undermine market confidence in a potential interest rate cut in September, indicating resilient consumer demand despite persistent inflation [1] Market Reactions - Following the PCE data release, the US dollar strengthened, while the 10-year Treasury yield fell slightly [1] - US stock futures saw a minor increase, with the Nasdaq 100 futures narrowing their decline to 0.4% [1] - Gold prices dipped slightly after the data release [1] Global Market Trends - European stocks fell over 0.3% after multiple countries released CPI data, marking a potential first weekly decline in four weeks [1][5] - Concerns over the stability of the French government and challenges to the independence of the Federal Reserve negatively impacted European market performance [1] - The Thai stock market index saw an expanded decline, and the Thai baht weakened following a court ruling against the Prime Minister [6] Commodity Prices - Oil prices experienced fluctuations due to the ongoing Russia-Ukraine situation, with a general decline over the month due to supply surplus concerns [2][12] - Iron ore prices are expected to achieve a two-month consecutive increase, with Singapore iron ore futures stabilizing around $104 per ton, up nearly 5% in August [2][14] Company Performance - Alibaba's US stock pre-market rose nearly 7% after reporting its first fiscal quarter results, with a significant increase in active users for its Taobao flash sales [4] - Dell Technologies saw a pre-market decline of over 6% despite exceeding revenue expectations for Q2, as Q3 profit guidance fell short [4] - Mixed performance was observed among Chinese concept stocks, with XPeng Motors down approximately 1% and Li Auto up about 1% [4]