Core Viewpoint - Trump's comments on tariffs have led to a significant market reaction, with Nasdaq futures declining and the US dollar index rising, indicating investor concerns about potential trade implications [1] Market Reactions - Nasdaq futures have seen a decline of 0.6% following Trump's tariff remarks [1] - The US dollar index (DXY) has increased by 0.2%, reflecting a stronger dollar amidst the tariff discussions [1] - The Canadian dollar has depreciated against the US dollar by approximately 0.5%, indicating currency market volatility [1] - Spot gold prices have experienced a slight increase, suggesting a shift towards safe-haven assets in response to market uncertainty [1]

Core Viewpoint - The outlook for interest rate cuts may exceed expectations, and after fluctuations, gold prices are anticipated to rise again [1][6]. Market Performance - On July 10, international gold prices rebounded, closing up 0.32% after fluctuating between a high of $3330.16 and a low of $3310.15 [1]. - The dollar index experienced a rise but faced resistance at the mid-line, limiting the downward pressure on gold prices [3]. Economic Indicators - Some Federal Reserve officials indicated that inflation impacts are not yet visible, suggesting a delay until next year, which has pressured gold prices [3]. - However, the possibility of two interest rate cuts this year, as mentioned by Fed's Daly, has supported gold prices [5]. Future Projections - Economic growth consensus for 2025 and 2026 has been revised down from 2.2% to 1.5%, indicating a potential for more aggressive monetary easing by the Fed in the future [6]. - The anticipated interest rate cuts next year could lead to significant increases in gold prices, similar to or exceeding the gains seen in the past two years [6]. Technical Analysis - Monthly charts indicate a potential top formation for gold prices, with risks of a decline to $3000 or $2600 unless the price remains above the May moving average [8]. - Daily charts show that while gold prices have been fluctuating downwards, they remain above the support of the weekly ascending channel, suggesting a possible upcoming rebound [10]. Trading Strategy - Suggested trading points for gold include support levels at $3313 or $3304 and resistance levels at $3334 or $3344 [10]. - For silver, support is noted at $36.95 or $36.75, with resistance at $37.30 or $37.60 [10].

Group 1: Trade and Tariffs - The US announced a 50% tariff on Brazilian goods starting August 1, prompting Brazilian President Lula to seek negotiations with the US and consider retaliatory measures if negotiations fail [1] - Lula emphasized that Brazil can survive without trading in US dollars and suggested that Trump should address tariff issues at the G20 [1] - The US Treasury Secretary hinted at the need for patience in trade discussions, comparing Trump's temperament to that of George Soros [1] Group 2: Market Performance - Major US stock indices reached new highs, with the Nasdaq up 0.09%, S&P 500 up 0.27%, and Dow Jones up 0.43% [1][3] - Nvidia's stock rose 47% since the announcement of tariffs, reflecting strong performance in the tech sector [1] - The Nasdaq China Golden Dragon Index increased by 0.90%, with Alibaba rising over 2% and Netease dropping over 2% [2] Group 3: Economic Indicators - The US initial jobless claims for the week ending July 5 were reported at 227,000, lower than the expected 235,000 [14] - The US Treasury yields showed slight changes, with the 10-year yield at 4.351% [5] - The dollar index increased by 0.10%, indicating a slight strengthening of the US dollar [5] Group 4: Corporate Developments - Tesla's stock rose by 4.73%, while AMD increased by 4.15% [2] - TSMC reported a 26.9% year-on-year increase in sales for June, with total sales for the first half of the year up 40% [11] - BYD announced its advanced parking assistance technology, claiming it can achieve L4-level autonomous parking [12]

特朗普表示将对加拿大商品征收35%的关税。 ...

美国总统特朗普在接受NBC新闻采访时表示："我们将宣布所有剩余国家都必须支付关税，无论是20% 还是15%。" ...

美国总统特朗普：“我们将宣布所有剩余国家都必须支付关税，无论是20%还是15%。” ...

美联储古尔斯比：目前还没有太多迹象表明关税推高了通胀。 ...

Core Viewpoint - The economic hard data appeared stable before the announcement of tariffs on April 2 by the Federal Reserve's Goolsbee [1] Group 1 - The Federal Reserve's assessment indicates that economic indicators were showing stability prior to the tariff announcement [1]

Market Performance - S&P 500 and Nasdaq reached new highs despite tariff concerns, with Tesla's stock rising by 4.7% due to the expansion of its Robotaxi business [1] - Nvidia achieved a three-day streak of record highs, increasing its market capitalization to $4 trillion [1] - MP Materials, a rare earth mining company, saw its stock surge nearly 51% [1] - Delta Airlines regained its profit guidance for the year, resulting in a 12% stock increase [1] Tariff Developments - Myanmar is negotiating with Trump for potential zero tariffs on exports to the U.S. before the August deadline [1] - Brazilian President announced plans to negotiate tariffs with the U.S., threatening reciprocal measures if negotiations fail [1] - Trump announced a 50% tariff on copper starting August 1, prompting traders to expedite shipments to Hawaii [1] - HSBC indicated that the August 1 tariff could be a turning point for copper prices in Shanghai and London [1] Federal Reserve Insights - Trump urged the Federal Reserve to lower interest rates quickly, praising Nvidia's stock performance [1] - Federal Reserve Governor Waller suggested considering a rate cut in July and supported continued balance sheet reduction [1] - There are differing opinions within the Federal Reserve regarding the lasting impact of tariffs on inflation, with some expecting effects to persist into next year [1] Industry Developments - OPEC+ is reportedly discussing a pause in production increases starting in October [1] - OpenAI released its first "open weights" model in six years, potentially challenging Microsoft's exclusive agreement [1] - Grok 4 was officially launched, boasting the strongest computational training capabilities to compete with GPT-5 and Claude 4 Opus [1] - Ant Group plans to introduce Circle stablecoin and is considering applying for licenses in multiple regions [1] - U.S. rare earth stocks surged in pre-market trading, with MP Materials receiving investment from the Pentagon for factory expansion [1]

Core Viewpoint - The US stock market continues to rise, with the S&P 500 and Nasdaq indices reaching new closing highs, driven by positive earnings forecasts from Delta Air Lines and Nvidia's market cap milestone [1][3]. Market Performance - The Dow Jones Industrial Average rose by 192.34 points to 44,650.64, an increase of 0.43%; the S&P 500 increased by 0.27% to 6,280.46; and the Nasdaq slightly rose by 0.09% to 20,630.66, marking the eighth new closing high for the S&P 500 this year [1]. - Among the 11 major sectors of the S&P 500, nine sectors saw gains, while communication services and technology sectors experienced slight declines of 0.5% and 0.1%, respectively [2]. Company Highlights - Nvidia's stock rose by 0.7%, with its market cap surpassing $4 trillion for the first time [3]. - Tesla's stock surged by 4.7% as the company announced its annual shareholder meeting for November [3]. - Delta Air Lines' stock jumped by 12% after reporting Q2 earnings of $2.10 per share, exceeding analyst expectations of $2.06, and revenue of $15.51 billion, slightly above market forecasts [6][7]. - The airline sector performed strongly, with United Airlines and American Airlines rising by 14.3% and 12.7%, respectively [8]. - Chinese concept stocks showed mixed results, with the Nasdaq Golden Dragon China Index rising by 0.90%. Alibaba increased by over 2%, while Netease fell by over 2% [5]. Economic Indicators - Initial jobless claims in the US fell to 227,000, the lowest in seven weeks, better than the expected 235,000, indicating a strong labor market [9]. - Financial analysts noted that Delta's optimistic guidance and the favorable jobless claims data boosted market risk appetite [9]. - Recent uncertainties have eased, with significant legislative progress and clearer tariff issues contributing to market stability [9]. Commodity Market - International oil prices declined, with WTI crude oil futures dropping by 2.65% to $66.57 per barrel, and Brent crude oil futures falling by 2.21% to $68.64 [10].