Hua Er Jie Jian Wen·2025-08-31 06:23Economic Indicators - The U.S. non-farm payrolls for August showed an increase of only 73,000 jobs, significantly below expectations, with prior months' data revised down by 258,000 [6] - Goldman Sachs believes that the August non-farm data will be crucial in determining the extent and pace of potential interest rate cuts by the Federal Reserve [6][7] - The ISM manufacturing index for August recorded 48, indicating contraction for the fifth consecutive month, with new orders shrinking for the sixth month [10] - The S&P Global manufacturing PMI for China in August was reported at 49.5, indicating a slight weakening in manufacturing sentiment [9] Corporate Earnings - NIO is expected to report its earnings on September 2, with JPMorgan upgrading its ADR rating from "neutral" to "overweight," anticipating a rapid narrowing of losses [18] - Broadcom's management indicated a significant increase in demand for AI inference, which may lead to upward revisions in profit forecasts [17] Key Events - A decentralized finance project supported by the Trump family is set to launch its WLFI token for public trading on September 1, with a market valuation exceeding $40 billion [13][14] - The U.S. will release its August ADP employment data, which showed a private sector job increase of 104,000 in July, still below last year's average [8]