Group 1 - Gary Cohn, former Trump administration official, warns of underlying economic risks despite strong GDP growth of 3% [1][2] - A significant decline in investment by 15% and a drop in voluntary resignations indicate consumer caution and lack of confidence in the job market [1][2] - Retailers like Starbucks are showing weak earnings, suggesting consumers are hesitant to spend [2] Group 2 - Cohn supports strategic tariffs but warns against indiscriminate tariffs that could exacerbate inflation, particularly on non-domestically produced goods [2][3] - The long-term impact of tariffs may lead companies to pass costs onto consumers, potentially compressing household budgets and eroding purchasing power [3] - Despite $100 billion in tariff revenue collected by the Trump administration, inflation has not shown significant effects, leading to varied opinions among economists [3]

Group 1 - The U.S. will impose a 15% tariff on most products exported from Europe starting Friday, significantly impacting European manufacturers [1] - European businesses are facing historically high tariff rates, leading to shipment suspensions, price increases, and concerns over potential bankruptcies [1] - The complexity of doing business with the U.S. has escalated, causing delays in goods transportation and a reevaluation of supply chain strategies [1] Group 2 - The wine industry on both sides of the Atlantic is suffering due to tariffs, affecting thousands of producers and businesses reliant on wine imports and exports [2] - Consumer giants like Procter & Gamble and Adidas are warning of price increases in the U.S. to cope with tariff impacts [2] - Some European companies, particularly in the automotive sector, are planning to establish factories in the U.S. to avoid tariffs, while others find it impossible to relocate their supply chains [2] Group 3 - The 15% tariff on affordable perfume products is forcing companies like Corania to demonstrate significant creativity to survive in the U.S. market [3]

兰特跌至逾两个月低点，因南非面临30%的关税 金十数据8月1日讯，南非兰特周五早盘走低，因美国总统特朗普将对南非的关税税率维持在30%，投资 者权衡了对美国出口商品征收更高关税的可能性。特朗普签署的行政令称，关税税率将在七天内生效。 受此影响，南非兰特兑美元汇率最高至18.23，创下5月14日以来的最低水平。 美元/南非兰特 ...

新加坡贸工部：已与美国贸易代表办公室确认关税事宜，美国对新加坡的关税维持在10%，密切关注事 态发展。 ...

黄金跳水后，上演逆袭，大涨40美金。大跌大涨，整体连续穿梭3300关口，持续多空争夺。 今天的走势 昨天猛涨之后，再次回落跌穿3300。 今天再穿3290后，迎来快涨反弹。 强势再起，上方再看3300。 整体震荡收窄，3300依然是中心点。 今天再上破，持续看上方3331的阻力。 当然了，不破3300。 下方遇阻回落，再探3268的位置。 二次反弹，双支撑看挑战3300的位置。 下方若再次回调延续，跌穿3268，看大空延续，持续看到3245的支撑。 黄金连涨4个月后，到7月收官，上演3个月高位围绕3300调整。特别是7月大空之下，重回3300，8月开 启，持续高位调整为主，上方可调整空间看3400的区域。下方再次回调，继续看到3250的位置。 操作方面，黄金整体大空之下，继续看承压调整的过程，关注3300和3331做空的机会。此外，黄金大跌 迎大涨，整体看震荡持续，多单关注3268和3245的位置。 一方面，7月收官，8月关税日又来了，特朗普迫不及耐，又单方面升级关税，继续霸凌全球。特别是对 主要经济体施压，8月1号或迎来全面关税生效，恐慌情绪再度升温，利好黄金大涨。 另外一方面，美失业金人数出炉，结果不及预 ...

Group 1 - The U.S. government has implemented "reciprocal tariffs" ranging from 10% to 41% on various countries, impacting global markets and leading to declines in major stock indices in Asia-Pacific [2][4] - Japan's Finance Minister expressed concerns that the tariffs could pressure the Japanese economy, while the Bank of Japan is expected to raise interest rates once this year despite current uncertainties [3][4] - South Korea's stock market faced significant declines due to both the tariffs and the government's plan to increase capital gains tax, with the KOSPI index dropping nearly 4% at one point [4][5] Group 2 - The South Korean government announced a comprehensive tax reform plan, adjusting corporate tax rates and increasing securities transaction tax, which is projected to raise an additional 8.2 trillion KRW (approximately 5.9 billion USD) over five years [5] - Major investment banks have raised their ratings on the South Korean stock market since June, but concerns remain that increased capital gains tax could lead to significant stock sell-offs by major shareholders [6] Group 3 - The U.S. dollar is expected to record its first monthly increase of the year, with the yen being the biggest loser as the dollar-yen exchange rate surpassed 150, raising concerns about inflation in Japan [7][8] - The market anticipates that any positive surprises in the upcoming U.S. non-farm payroll report could diminish the likelihood of a rate cut by the Federal Reserve in September [7]

泰国代理总理：美国对泰国征收的关税水平"不错"。 ...

Macro Economic Overview - The Federal Reserve maintained a hawkish stance, with the economic description shifting from "steady expansion" to "slowing" [2] - The market's expectation for interest rate cuts in 2023 has decreased from 46 basis points to 36 basis points [5] - The U.S. PCE inflation rebounded in June, with core PCE prices rising 2.8% year-on-year, marking a four-month high [4] Industry Insights - The technology sector is seeing mixed performance, with high-end models showing strong demand while overall industry demand remains weak [6] - Companies focusing on high-end flagship models and component upgrades are expected to benefit from anticipated strong demand in the second half of 2025 [6] Company Analysis - China National Pharmaceutical Group (1177 HK) is undergoing a significant transformation with a focus on innovative drug development, particularly in oncology and metabolic diseases, with a target price of HKD 9.40 [7][10] - Meta Platforms (META US) reported a 22% year-on-year revenue increase to USD 47.5 billion, driven by AI-enhanced advertising, with a target price raised to USD 860 [10] - Microsoft (MSFT US) exceeded expectations with a revenue of USD 76.4 billion for FY25, growing 18.1% year-on-year, and raised its target price to USD 601.5 [11] - Luckin Coffee (LKNCY US) showed strong sales growth of 47% year-on-year, with a target price of USD 44.95, despite rising costs [12][14]

FICC日报 | 2025-08-01 市场分析 关注国内重要会议。上半年国内经济仍具韧性，中国上半年GDP同比增长5.3%，高于全年预期目标5%，财政发力 和"抢出口"现象为上半年经济数据提供支撑，但也对应着政策迫切性有所下降。中国6月出口表现亮眼，中美关税 缓和下，新一轮"抢出口"支撑需求；中国6月社零同比增速放缓至4.8%，主要受部分地区"两新"政策补贴断档拖累， 后续政策补贴有望继续下达支撑国内消费。投资方面，基建投资和制造业投资均明显回落，整体固定投资走弱， 地产销售走弱对整个地产链条拖累风险仍存。中国7月官方制造业PMI回落至49.3，新订单指数回落至49.4，非制造 业保持扩张。7月政治局会议明确提出要落实落细更加积极的财政政策和适度宽松的货币政策，依法依规治理企业 无序竞争，积极稳妥化解地方政府债务风险，严禁新增隐性债务等一些列政策指引。7月31日，市场全天震荡调整， 三大指数午后均跌超1%。个股跌多涨少，沪深京三市超4200股飘绿，今日成交逾1.96万亿。商品期货收盘，焦煤 主力合约跌停，玻璃跌超8%，多晶硅跌超7%，硅铁、纯碱、工业硅跌超6%。 "反内卷"的进展跟踪。7月以来，中央财经委、 ...

瑞士政府对美国关税表示遗憾。 ...