深夜，跳水！特朗普，签令

Core Viewpoint - The article discusses the recent decline in U.S. stock indices, the significant drop in gold prices, and the extension of tariff suspension on China by the Trump administration, highlighting the market's anticipation of upcoming inflation data [2][24]. Group 1: Stock Market Performance - On August 11, the three major U.S. stock indices opened the week with declines, with the Dow Jones Industrial Average falling by 200.52 points, or 0.45%, closing at 43975.09 points [4][5]. - The Nasdaq Composite dropped by 64.62 points, or 0.30%, to close at 21385.40 points, while the S&P 500 fell by 16.00 points, or 0.25%, ending at 6373.45 points [4][5]. - A record proportion of fund managers, approximately 91%, believe that U.S. stocks are currently "too expensive," marking the highest level since 2001 [8]. Group 2: Inflation Data and Economic Indicators - The market is awaiting the release of the Consumer Price Index (CPI) on Tuesday and the Producer Price Index (PPI) on Thursday, which are expected to significantly influence interest rate expectations [9]. - Economists predict that the July CPI will rise by 0.2% month-on-month and 2.8% year-on-year, with the core CPI expected to increase by 0.3% month-on-month and 3.1% year-on-year, reflecting a rise from June levels [9]. Group 3: Gold Market Reaction - Gold prices experienced a sharp decline, with spot gold dropping by 1.6% to a low of $3341.25 per ounce, marking a new low in over a week, while December futures fell by 2.5% to settle at $3404.70 per ounce [21][24]. - The decline in gold prices is attributed to multiple negative factors, including Trump's tariff exemption statement on gold, the extension of the U.S.-China trade truce, potential progress in Russia-Ukraine peace talks, and market anxiety over upcoming U.S. inflation data [24]. Group 4: Semiconductor Industry Developments - Nvidia and AMD have reached an agreement with the Trump administration to pay 15% of their revenue from chips sold to China to the U.S. government in exchange for export licenses [10][13]. - This agreement highlights the ongoing regulatory environment affecting semiconductor companies and their international operations [10][13].