Core Viewpoint - The announcement of a 50% tariff on all imported copper by the U.S. President has led to a significant surge in copper futures prices, reaching historical highs, indicating potential market volatility and cost pressures across various sectors in the U.S. economy [1] Group 1: Market Reaction - On July 8, copper futures on the New York Commodity Exchange saw an intraday increase of 17%, peaking at a record price of $5.8955 per pound, marking the largest single-day increase since 1989 [1] - The closing price for copper futures on the same day was $5.68 per pound, reflecting a 13% increase [1] Group 2: Tariff Implementation - The new copper tariff is expected to take effect by the end of July or August 1, as indicated by the U.S. Secretary of Commerce [1] Group 3: Market Expectations - Analysts believe that the market had not anticipated such a high tariff, leading to a surge in copper purchases before the tariff takes effect, which will likely drive prices up in the short term [1] - However, as domestic copper inventories in the U.S. increase, the price surge is expected to stabilize [1] Group 4: Industry Impact - Copper is the third most consumed metal globally, essential for various applications in electronics, construction, and industrial equipment, indicating that the tariff could significantly impact multiple sectors, including automotive and electrical infrastructure [1] - In 2024, the total value of copper imports to the U.S. is projected to reach $17 billion, accounting for about half of total demand, with Chile being the largest supplier, exporting $6 billion worth of copper to the U.S. last year [1]

秘鲁经济部长：5%的铜出口可能受到美国关税的影响。 ...

Group 1 - Key Point 1: Focus on key financial events and economic data on July 10, including Germany's June CPI final value at 14:00 [1] - Key Point 2: Initial jobless claims in the U.S. for the week ending July 5 will be reported at 20:30 [1] - Key Point 3: Federal Reserve's Musalem will speak on economic and monetary policy at 21:00 [1] Group 2 - Key Point 1: EIA natural gas inventory data for the week ending July 4 will be released at 22:30 [1] - Key Point 2: Federal Reserve Governor Waller will participate in a panel discussion at 01:15 the next day [1] - Key Point 3: Federal Reserve's Daly will discuss the U.S. economic outlook at 02:30 the next day [1]

Group 1 - The core point of the article highlights the strong demand for the $39 billion 10-year U.S. Treasury bond auction, which alleviated market concerns regarding the U.S. fiscal outlook, leading to the first increase in the U.S. Treasury market in five trading days [1] - The auction's awarded yield was 4.362%, slightly lower than the secondary market trading level before the auction deadline, indicating demand exceeded expectations [1] - An additional $22 billion 30-year Treasury bond auction is scheduled for Thursday, suggesting ongoing interest in U.S. government debt [1]

Core Insights - The latest Federal Reserve meeting minutes indicate that foreign holdings of U.S. assets remain stable despite fluctuations in the stock market and short-term Treasury yields [1] Group 1 - The U.S. dollar index has continued to decline, aligning with a significant downward adjustment in the growth outlook for the U.S. relative to other major economies [1] - Foreign investors have increased currency hedging flows towards U.S. assets due to the depreciation of the dollar [1] - The sensitivity of the dollar exchange rate to domestic economic surprises has not fundamentally changed [1]

智利外交部长：我们尚不清楚美国对铜征收关税的具体范围，因为这尚未在行政命令中体现。 ...

美联储会议纪要公布后，美国国债收益率变化不大；10年期国债收益率现跌6.5个基点，报4.352%。 ...

Core Insights - The Federal Reserve meeting minutes indicate that a majority of participants believe that tariffs pose a persistent risk to inflation [1] - Most participants expect that the future economic growth in the United States will slow down [1] Summary by Categories Economic Outlook - Majority of Federal Reserve participants anticipate a slowdown in future economic growth in the United States [1] Inflation Concerns - Tariffs are viewed as a continuous factor influencing inflation risks [1]

特朗普：关税公式是基于常识，旨在保护美国的利益。 ...

Key Points - The article highlights important financial data and events to be monitored on July 10, 2025, including U.S. Treasury auction results and Federal Reserve announcements [1] Group 1: U.S. Economic Indicators - The U.S. will auction 10-year Treasury bonds with results expected to include the bid-to-cover ratio and the awarded yield [1] - Initial jobless claims for the week ending July 5 will be reported, providing insights into the labor market [1] - The Federal Reserve will release the minutes from its monetary policy meeting, which may influence market expectations [1] Group 2: International Economic Data - Germany's Consumer Price Index (CPI) for June will be finalized, which is crucial for understanding inflation trends in the Eurozone [1] Group 3: Federal Reserve Commentary - Federal Reserve officials, including Musalem and Waller, will provide commentary on economic conditions and monetary policy outlook, which could impact investor sentiment [1][1]