July 7, 2025 10:32 AM GMT Asia Economics | Asia Pacific M Idea The Viewpoint: Trade Tensions As We Approach Deal Deadlines The rhetoric around tariffs has risen. While we may get more details as the week progresses, our core view remains: uncertainty will likely persist, weighing on corporate confidence, capex and the trade cycle. Key Takeaways In this report, we provide a status update on the ongoing negotiations for every economy in the region and unpack the implications of the details that have emerged f ...

Welcome back. This morning, we're keeping an eye on the White House where in just the next hour or so, President Trump scheduled to hold a meeting with members of his cabinet. It comes after the president sent out letters to 14 countries announcing new trade tariffs that will go into effect starting August 1st.Now, this morning, this is in response, China, was not one of those 14 countries, but threatened to retaliate if the trade deals with these other countries sideline China. Let's get more from NBC's bu ...

I didn’t plan on writing about sneakers this week, but this new U.S.-Vietnam trade deal is worth taking a closer look at. Apparently, Vietnam is the manufacturing leader of the sneaker industry. So, Vietnam will pay a 20% tariff on everyI’m passionate about finance and investing, focusing on business analysis, fundamental analysis, valuation, and long-term growth, especially in sectors like AI, fintech, finance and tech. I study finance and economy and have hands-on experience in equity research, financial ...

BRICS leaders are poised to adopt a position at odds with US President Donald Trump on trade tariffs, aspects of conflict in the Middle East and the need to tackle climate change https://t.co/aEpd9TtERg ...

Business Focus - The firm is focused on two main businesses: corporate and institutional banking, and wealth and private banking, assisting clients with international needs [3] - The firm banks 90% of the Fortune 100 companies [3] - The firm also supports innovation economy startups, including 1,200 innovation clients globally across five core markets, acquired through SVB two years ago [4] Geopolitical Uncertainty and Trade - The firm helps clients navigate geopolitical uncertainty, including trade tariffs, currency hedging, and supply chain repositioning [2] - The firm sees increased global trade volumes despite challenges, with clients cautiously optimistic [5] - US import duties with a 10% baseline tariff will be challenging for some American companies [5] - Trade is not expected to collapse; instead, different corridors and cost equations may emerge, managed through innovation [9] Currency and Payments - The firm's payments business processed 550 trillion in payments across 130 currencies last year, assisting clients with hedging [8] - Currency hedging is increasing as clients seek agility, especially with the dollar at a three-year low [7][8] Strategic Responses to Cost Impact - Companies may respond to cost impacts by passing them on to consumers, absorbing them in margin, or negotiating with suppliers [7] Growth Corridors - The firm is helping clients navigate new growth corridors, with significant volume between the US and UK, US and India (up 22% last year), and US and Middle East [6] Client Sentiment - Approximately 93% of the clients in the US are optimistic overall [9]

夏莹莹（投资咨询证号：Z0016569） 投资咨询业务资格:证监许可【2011】1290号 2025年6月20日 南华贵金属日报: 金震银调 【行情回顾】 周四贵金属市场金震银调，最终COMEX黄金2508合约收报3387.4美元/盎司，-0.61%；美白银2507合约 收报于36.36美元/盎司，-1.5%。 SHFE黄金2508主力合约收报781.24元/克，-0.49%；SHFE白银2508合约 收8819元/千克，-1.91%。目前市场聚焦于中东局势进展，美国接下来是否可能直接军事介入以伊冲突。 【降息预期与基金持仓】 据CME"美联储观察"数据显示，美联储7月维持利率不变的概率为89.7%，降息25个基点的概率为 10.3%；美联储9月维持利率不变的概率为31.7%，累计降息25个基点的概率为61.7%，累计降息50个基点的 概率为6.7%；美联储10月维持利率不变的概率15.4%，累计降息25个基点的概率为46.3%，累计降息50个基 点的概率为34.9%，累计降息75个基点的概率为3.4%。长线基金看，SPDR黄金ETF持仓维持在947.37吨； iShares白银ETF持仓维持在14763吨。 ...

Core Insights - Temu's daily US users decreased by 58% in May, attributed to challenges from the US-China trade war and the end of the "de minimis" exemption for low-value shipments from China [1][10] - The company has reduced advertising spending in the US and is shifting its order fulfillment strategy in response to the changing tariff environment [1][8] - Temu's sales growth and customer growth rates have declined more sharply than its competitor Shein since the introduction of trade tariffs [4][5] Market Environment - The end of the "de minimis" provision has forced Temu and Shein to raise prices, impacting customer engagement and sales [5][10] - Despite the challenges, Shein has managed to increase spending per customer, while Temu has struggled to maintain its customer base [5][6] - Analysts suggest that if the current tariff situation persists, Temu's competitive position may continue to weaken [6] Business Model Changes - Temu's previous model involved merchants managing product orders while the company handled logistics, pricing, and marketing [9] - Following the tariff changes, Temu's merchants can now ship individual orders to US warehouses but must navigate tariffs and customs [12] - The company is focusing on a local fulfillment model to stabilize prices and support merchants [8][12] User Growth and Market Expansion - Temu's non-US market growth has accelerated, with non-US users constituting 90% of its 405 million global monthly active users in Q2 [13] - The fastest growth in new users is occurring in less affluent markets, indicating potential for expansion outside the US [13]

Core Viewpoint - The technology sector, particularly the semiconductor industry, is facing challenges due to trade tariffs, leading to uncertainty and declining sentiment among investors [1][3][6]. Industry Summary - The semiconductor and chipmaking industries are significantly impacted by recent trade tariffs, affecting forecasts and overall market sentiment [1][3]. - Despite the negative sentiment, there are opportunities for investors to identify undervalued stocks that have already priced in worst-case scenarios, potentially offering upside [2][9]. Company Summary (ASML) - ASML Holding is highlighted as a strong investment opportunity, with a favorable risk-to-reward setup, as the bearish sentiment may already be reflected in its current stock price [3][10]. - ASML has underperformed compared to peers like NVIDIA, with a 15% underperformance over the past month and approximately 40% over the past year [4][5]. - The stock is currently in a bear market, trading at 65% of its 52-week high, which may deter bearish traders [6][7]. - Short interest in ASML has declined by 1%, indicating a potential shift in sentiment as pessimistic views may have been priced in [7]. - Institutional buying has increased, with First Manhattan boosting their position in ASML by 61%, indicating confidence in the stock's recovery [8][9]. - Analysts maintain a consensus price target of $906 per share for ASML, suggesting a potential upside of 21.3% from the current price [10][12]. - ASML's price-to-book (P/B) ratio is significantly higher than its peers, indicating a premium valuation that reflects market confidence in its future performance [11][13].

Core Viewpoint - The market is facing significant uncertainty due to trade tariffs imposed by President Trump, particularly affecting Apple Inc. and the broader technology sector [1][3][7]. Company Analysis: Apple Inc. - Apple stock is currently priced at $199.95, with a 52-week range between $169.21 and $260.10, and a dividend yield of 0.52% [2]. - The stock has recently experienced a sell-off due to a 25% tariff on all Apple products not produced in the U.S., which has raised concerns among investors [3][10]. - A federal court ruling has limited the President's ability to impose such tariffs without meeting specific conditions, which could lead to increased market volatility [3][7]. - Technical analysis suggests that Apple stock needs to return to a 20% discount from its 52-week high of approximately $208 for a potential recovery [5][13]. - The average daily trading volume for Apple stock is around 56 million shares, which serves as a benchmark for investor interest as the stock approaches the $208 mark [6][8]. Institutional Activity - Institutional investors, such as Jones Financial Companies, have increased their holdings in Apple by 31.6% following the court ruling, indicating a potential shift in market sentiment [9]. - The presence of "Smart Money" in the market suggests that informed investors are positioning themselves ahead of potential price movements [8][10]. Financial Outlook - Analysts have set a 12-month price target for Apple at $235.80, representing a 17.93% upside from the current price, with some forecasts as high as $300.00 [11][13]. - Apple's financial strength is highlighted by a net income margin of 24.3%, which positions the company to absorb the impact of ongoing tariffs [11][12]. - Dan Ives from Wedbush has reiterated an Outperform rating for Apple, suggesting confidence in the company's ability to navigate trade tensions [12].

Imperial Petroleum (IMPP) Q1 2025 Earnings Call May 23, 2025 10:00 AM ET Company Participants Harry Vafias - President, CEO & ChairmanFenia Sakellaris - Interim Chief Financial Officer Operator Good day, and thank you for standing by. Welcome to the Imperial Petroleum Q1 twenty twenty five Results Conference Call and Webcast. Please note that today's conference is being recorded. I would now like to turn the conference over to your speaker, Mr. Hari Vafias, CEO of Imperial Petroleum. Please go ahead. Harry ...