美联储米兰：住房市场对经济的影响比股市更大。 来源：滚动播报 ...

Core Insights - The core equipment provided by Tianhua Chemical Machinery and Automation Research Design Institute has been successfully operating in Sinopec Yizheng Chemical Fiber's PTA production facility, which is the largest single-unit PTA production facility globally [1][2] - The facility has been running stably for 18 months since its commissioning in April 2024, achieving or exceeding all performance indicators [1] - The production process utilizes advanced "short-flow, green, and intelligent" technology, significantly reducing energy consumption and emissions compared to traditional PTA production methods [1] Equipment and Technology - Tianhua's CTA and PTA rotary pressure filters have shortened the production process significantly, saving 20% in space and reducing investment costs by approximately 15% [1] - The energy consumption of the CTA product recovery unit has decreased by about 75%, enhancing the economic viability of the facility [1] - The collaboration of pressure filtration and pressure distillation technologies has addressed traditional issues of high water consumption and wastewater generation, with desalinated water consumption reduced by 95% and wastewater volume decreased by 70% [1] Energy Efficiency - The overall energy consumption of the facility has been reduced from 100 kg standard oil per ton to 20 kg standard oil per ton, representing an 80% decrease compared to traditional processes [1] - This reflects the advanced manufacturing concept of "low-carbon, efficient, and economical" [1] Industry Impact - Tianhua's core equipment has also been adopted in the 3 million ton PTA facility of Dushan Energy, with further upgrades to the rotary pressure filter technology, making it the largest in the world [2] - This advancement is expected to enhance the level of PTA production technology and equipment in China [2]

Core Viewpoint - The impact of tariffs on the economy is less than expected according to Federal Reserve's Williams [1] Group 1 - Federal Reserve's Williams provides insights on the economic implications of tariffs [1]

美联储穆萨莱姆：数据完整性对经济至关重要。 来源：滚动播报 ...

Core Points - The meeting between Japanese Prime Minister Kishida Fumio and South Korean President Lee Jae-myung focused on economic cooperation, security assurance, and addressing demographic challenges such as declining population and low birth rates [1] Group 1 - The meeting marks Lee Jae-myung's first visit to Japan since taking office [1] - The discussions included significant topics such as economic collaboration and security measures between the two nations [1] - The meeting took place as part of Lee Jae-myung's six-day trip to Japan and the United States [1]

Monetary Policy & Economic Analysis - The People's Bank of China (PBOC) via Financial Times suggests that single-month loan data is insufficient to accurately reflect economic activity in the high-quality development stage [1] - The PBOC advises against over-interpreting or sensationalizing fluctuations in single-month credit growth figures when analyzing economic and financial conditions [1] Money Supply Data (July) - M2 money supply year-on-year growth rate is 88%, exceeding the expected 83% and previous value of 83% [2] - M1 money supply year-on-year growth rate is 56%, exceeding the expected 52% and previous value of 46% [2] - M0 money supply year-on-year growth rate is 118%, compared to the previous value of 12% [2]

Group 1 - Dow futures rose by 0.08%, S&P 500 futures increased by 0.12%, and Nasdaq futures gained 0.15% [1] - Palantir's pre-market shares surged over 5% after the company reported Q2 2025 revenue significantly exceeding expectations and raised its full-year guidance [2] - AMD's pre-market shares rose by 2% as the company is set to release its Q2 2025 earnings on August 5, with a strong focus on its traditional CPU business [2] - BP's pre-market shares increased by over 2% following the announcement of Q2 core replacement cost profit reaching $2.35 billion, surpassing analyst expectations of $1.81 billion [2] - TSMC has terminated multiple employees for leaking confidential information regarding its 2nm chip manufacturing technology [2] - Futu Holdings' pre-market shares rose by over 1.9% after UBS raised its target price from $149 to $170 [2][3] Group 2 - UBS raised the target price for Berkshire Hathaway (BRK.A) from $892,120 to $895,247 and for Berkshire Hathaway (BRK.B) from $595 to $597 [3] - Florida reported multiple cases of bacterial infections related to raw milk consumption, affecting 21 individuals, including 6 children under 10 years old, with 7 hospitalized [3] - Former President Trump is scheduled to discuss economic issues, the Federal Reserve, and tariffs during a live interview on CNBC at 8 PM ET on August 5 [3]

Core Viewpoint - President Trump will participate in a live interview on CNBC's "Squawk Box" to discuss key economic issues, which may lead to market volatility [1] Group 1 - The interview is scheduled for 20:00 Beijing time [1] - Topics of discussion will include the economy, employment, the Federal Reserve, and tariffs [1]

Group 1 - The interview with President Trump on CNBC's "Squawk Box" will cover topics such as the economy, employment, the Federal Reserve, and tariffs [1]

Group 1 - The core viewpoint is that despite a disappointing employment report, the economy is still described as "smooth sailing" by the White House National Economic Council Director Hassett [1] Group 2 - The employment report indicates weaker job growth, which could raise concerns about the labor market's strength [1] - The overall economic indicators suggest resilience, with continued growth expected despite the employment challenges [1]