Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report - This week, most prices of the container shipping index (European Line) futures declined. The main contract EC2510 closed down 4.66%, and the far - month contracts declined between 3 - 5%. The latest SCFIS European Line settlement freight rate index was 2180.17, down 55.31 points from last week, a 2.5% month - on - month decrease, and the spot indicator continued to decline [6][46]. - In the context of the lack of significant improvement in demand, over - capacity remains a huge pressure on the supply side in the future, limiting the recovery space of shipping prosperity. Whether the price increase announced by leading shipping companies in December can be implemented depends on the cargo volume in the fourth quarter, but the current economic data of the eurozone is not optimistic overall. With high tariff uncertainty, the market is generally waiting and watching. Freight and industry profitability are expected to be under pressure, and the traditional peak season this year may show the characteristic of "not prosperous in the peak season", with freight rates expected to fluctuate weakly [7][47]. Summary by Directory 1. Market Review - The prices of the main contract of the container shipping index (European Line) futures declined this week. Specifically, EC2508 rose 2.20%, EC2510 fell 4.66%, EC2512 fell 5.04%, EC2602 fell 4.22%, EC2604 fell 5.25%, and EC2606 fell 3.81%. The SCFIS index fell 2.5% [9]. - The trading volume and open interest of the EC2510 contract declined collectively [18]. 2. News Review and Analysis - The US added 407 product categories to the steel and aluminum tariff list with a 50% tax rate, which is bearish for the market [21]. - The EU and the US reached a new trade agreement. The US will impose a 15% tariff on most EU goods, while the EU will cancel tariffs on US industrial products and purchase US energy and AI chips, which is bullish for the market [21]. - The Fed's July meeting minutes showed that most policymakers supported not cutting interest rates in July. There were differences among Fed officials regarding inflation, employment, and the impact of tariffs on inflation, which is neutral for the market [21]. - The central bank proposed to implement a moderately loose monetary policy, which is neutral for the market [21]. 3. Weekly Market Data - The basis and spread of the container shipping index (European Line) futures contracts converged this week [28]. - The export container freight rate index declined this week [32]. - Container shipping capacity declined in the short term. The BDI and BPI rebounded due to geopolitical factors [36]. - The charter price of Panamax ships rebounded rapidly this week. The spread between the offshore and on - shore RMB against the US dollar fluctuated mainly [40]. 4. Market Outlook and Strategy - The container shipping index (European Line) futures prices mostly declined this week. Spot indicators continued to decline. Leading shipping companies started a "price war", and the market expected to turn cold. Trump's plan to impose additional tariffs increased uncertainty in global trade. The Fed's attitude towards interest rates and the eurozone's economic situation also had an impact on the market [46]. - Due to over - capacity and high tariff uncertainty, freight rates are expected to fluctuate weakly. Attention should be paid to factors such as the actual follow - up increase of shipping companies' cabin opening prices in December, the frequency of Houthi attacks, and trade war - related information [47].

Group 1 - The U.S. government has increased the "reciprocal tariff" rate on Chinese goods to 125%, marking an escalation in trade conflict with China [1] - China responded by raising tariffs on U.S. goods to 125% and cutting off crucial rare earth supplies, leading to pressure on U.S. retail and market volatility [2] - The tariff war has evolved into a critical battle affecting the international economic landscape, with the U.S. beginning negotiations with China after feeling pressure [4] Group 2 - The U.S. imposed a 15% tariff on the EU and demanded commitments totaling $1.35 trillion in investments and purchases of U.S. goods, indicating a strategy to maintain influence over its allies [6] - China's military exercises and growing economic power are reshaping its influence in the Asia-Pacific region, as demonstrated by recent naval drills [8] - Australia has shown a focus on trade with China despite U.S. pressures, indicating a potential divergence in alliances amid rising tensions [10] Group 3 - The U.K. has expressed readiness for military engagement in the Asia-Pacific, but its position appears weak against China's rapid military advancements [12] - China's upcoming military parade will showcase its advanced capabilities, reflecting its readiness to defend its interests globally [14] - The changing international landscape necessitates a more assertive stance from China, moving away from previous strategies of restraint [16]

Report Summary 1. Report Industry Investment Rating No specific industry investment rating is provided in the report 2. Core View The uncertainty of the trade war still exists the demand expectation of the Container Shipping Index (European Line) is weak and the futures price fluctuates greatly investors are advised to be cautious pay attention to the operation rhythm and risk control and track geopolitical capacity and cargo volume data in a timely manner [1] 3. Summary by Relevant Catalogs Market Data - EC主力收盘价1373.100环比上涨0.1 EC次主力收盘价1789.7环比上涨40.30 [1] - EC2510 - EC2512价差 -416.60环比下降27.20 EC2510 - EC2602价差 -164.80环比下降8.30 [1] - EC合约基差807.07环比下降54.81 [1] - EC主力持仓量53182手环比下降1677手 [1] - SCFIS（欧线）周数据2180.17环比下降55.31 SCFIS（美西线）周数据1106.29环比下降24.15 [1] - SCFI（综合指数）周数据1460.19环比下降29.49 集装箱船运力1227.97万标准箱环比持平 [1] - CCFI（综合指数）周数据1193.34环比下降7.39 CCFI（欧线）周数据1790.47环比下降8.58 [1] - 波罗的海干散货指数日数据2044.00环比下降5.00 巴拿马型运费指数日数据1622.00环比下降19.00 [1] - 巴拿马型船平均租船价格13956.00环比上涨120.00 好望角型船平均租船价格25535.00环比下降1183.00 [1] Industry News - 央行发布第二季度货币政策执行报告提出落实落细适度宽松的货币政策保持流动性充裕促进物价合理回升发挥货币政策工具总量和结构双重功能支持科技创新等领域 [1] - 美国特朗普政府宣布扩大对钢铁和铝进口征收50%关税的范围将数百种衍生产品纳入加征关税清单8月18日正式生效 [1] - 美国中东问题特使表示美俄领导人8月15日会晤取得重大进展促使特朗普放弃俄乌立即停火诉求致力于推进更广泛和平协议俄罗斯在涉及五个乌克兰地区问题上作出"一些让步"普京同意在未来和平协议中纳入"类北约第五条款"安全保障条款 [1] Market Analysis - 周四集运指数（欧线）期货价格多数上涨主力合约EC2510收涨0.01%远月合约收涨1 - 2%不等 [1] - 最新SCFIS欧线结算运价指数为2180.17较上周回落55.31点环比下行2.5%现货指标持续回落 [1] - 头部船司为争夺淡季货量开启"价格战"大幅调降8月运价报价ONE亦调降8月底欧线现舱报价市场预期转冷 [1] - 美国特朗普计划在未来两周内宣布对钢铁芯片和半导体加征关税加剧全球贸易局势不确定性 [1] - 美国7月CPI与非农数据放缓提振联储9月降息概率但PPI指标显示生产者通胀超预期反弹或转嫁成本抬升CPI消费者通胀数据申领失业金人数延续韧性美联储9月降息概率边际下滑 [1] - 2025 Q2欧元区GDP增速略超市场预期服务业和制造业活动逐步回暖通胀放缓叠加经济数据稳定给予欧央行利率政策弹性 [1] Key Points to Watch - 8月19日16:00关注欧元区6月季调后经常帐(亿欧元) 8月19日20:30关注美国7月新屋开工总数年化(万户) [1]

Group 1 - The trade conflict initiated by the Trump administration has significantly impacted U.S. agricultural exports, particularly soybeans, with potential losses amounting to billions of dollars as China shifts its orders to Brazil [1] - Chinese importers have completed soybean purchases for September, totaling approximately 8 million tons, all sourced from South America, indicating a shift away from U.S. suppliers [1] - In the previous year, China imported about 107 million tons of soybeans, with 22.13 million tons coming from the U.S., valued at $12 billion [1] Group 2 - Analysts suggest that the current trade tensions may lead to a long-term absence of Chinese purchases of U.S. soybeans, putting downward pressure on Chicago soybean futures, which are nearing five-year lows [1] - The U.S. soybean market may have limited sales opportunities if tariffs remain unchanged, with a potential shortfall of 2 to 5 million tons expected later in the sales season due to insufficient supply from Brazil [4] - The Trump administration's call for China to increase soybean orders significantly is deemed unrealistic, as it would require China to source almost all its soybeans from the U.S. [5] Group 3 - Despite efforts by U.S. soybean producers to find alternative buyers, no other country matches China's demand, highlighting the critical importance of the Chinese market for U.S. soybean exporters [5] - In 2024, China is projected to import approximately 107 million tons of soybeans, with imports from the U.S. decreasing by 5.7% year-on-year, while imports from Brazil increased by 6.7% [5]

Report Summary 1. Investment Rating - No investment rating for the industry is provided in the report. 2. Core View - The futures prices of the Container Shipping Index (European Line) mostly declined on Monday, with the main contract EC2510 down 2.71% and the far - month contracts down 1 - 2%. The spot indicators continued to fall. Trade war uncertainties remain, the demand expectation for the Container Shipping Index (European Line) is weak, and the futures prices fluctuate greatly. However, the rapid recovery of spot - end price indicators may drive the futures prices to rise in the short term. Investors are advised to be cautious, pay attention to the operation rhythm and risk control, and track geopolitical, capacity, and cargo volume data in a timely manner [1]. 3. Summary by Relevant Catalog 3.1 Futures Market Data - EC main contract closing price: 1408.800, down 39.2; EC sub - main contract closing price: 1750, down 18.70. The EC2510 - EC2512 spread was - 341.20, down 17.20; the EC2510 - EC2602 spread was - 108.30, down 13.90. The EC contract basis was 826.68, down 35.18. The main contract's open interest was 56688, up 86 [1]. 3.2 Shipping Index Data - SCFIS (European Line) (weekly): 2235.48, down 62.38; SCFIS (US West Coast Line) (weekly): 1082.14, down 47.98. SCFI (composite index) (weekly): 1489.68, down 61.06. CCFI (composite index) (weekly): 1200.73, down 31.56; CCFI (European Line) (weekly): 1799.05, up 9.55 [1]. 3.3 Freight Index and Charter Price Data - Baltic Dry Index (daily): 2051.00, down 43.00; Panama Freight Index (daily): 1635.00, up 14.00. The average charter price of Panamax ships was 13075.00, up 386.00; the average charter price of Capesize ships was 25236.00, down 1250.00 [1]. 3.4 Industry News - The personnel changes at the Federal Reserve have led to adjustments in policy expectations. JPMorgan currently expects the Fed to cut interest rates by 25 basis points at the September meeting, followed by three more 25 - basis - point cuts and then an indefinite pause. The US government will stop providing tax credits for electric vehicles from September 30. In July, the sales of electric vehicles accounted for 9.1% of the total passenger car sales, a record high, and the sales of used electric vehicles were close to 36700, also a monthly high. The minutes of the Bank of Japan's July policy meeting showed that although most members still supported future interest rate hikes, concerns about the negative impact of US tariff increases on the Japanese economy cooled market bets on short - term interest rate hikes [1]. 3.5 Macroeconomic Data and Trade Policy Impact - US President Trump signed an executive order to modify "reciprocal tariffs" for dozens of countries, with tax rates ranging from 10% to 41%. Goods considered to be transshipped to avoid tariffs will be subject to an additional 40% tariff. The US S&P Global Composite PMI index in June fell slightly from 53 in May to 52.8. The US retail sales data in June rebounded unexpectedly, with a month - on - month growth rate of 0.6%, significantly higher than the market expectation of 0.1%. China recently imposed counter - measures on Belarusian and medical device products from the EU, further intensifying Sino - EU trade tensions [1].

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core Views of the Report - **Steel Products**: This week, the supply - demand structure of steel products continued to weaken. The market sentiment was still volatile due to the continuous speculation of production cuts by Tangshan rolling mills. The recommended strategy is to short with a light position in the short - term and focus on the callback space [5]. - **Iron Ore**: This week, the supply of iron ore was relatively stable, and the demand changed little. The supply - demand structure change was neutral. In the short - term, the bullish sentiment in the market may cool down, but the resilience of iron ore demand may be repeatedly traded, and the decline may be smaller than that of steel products. The recommended strategy is to wait and see on a single - side basis [5]. 3. Summary According to the Directory 3.1 Steel Products Weekly Market Tracking - **Price**: The spot price of steel products decreased slightly, and the futures market fluctuated. The Shanghai rebar futures contract 10 rose 10 to close at 3213, and the spot price in East China dropped 20 to 3340 yuan/ton [9][12]. - **Supply**: The blast furnace operation rate increased slightly, while the EAF production decreased slightly. The total supply of the five major steel products increased by 1.79 tons to 869.21 tons this week. Rebar production increased by 10.12 tons, and hot - rolled coil production decreased by 7.9 tons [13][25]. - **Demand**: The demand for building materials decreased, and the demand for plates weakened slightly. The national concrete shipment volume decreased by 3.13% week - on - week. In July, the domestic demand for plates weakened significantly due to the unexpected decline in automobile sales [26][31]. - **Profit**: The profit of long - process production remained high, while the profit of EAF production decreased. The blast furnace profit rate was 68.4%, and the average profit of independent EAF construction steel mills was - 35 yuan/ton [32][34]. - **Inventory**: The social inventory of building materials continued to increase, and the inventory of plates accumulated at an accelerated pace. The total inventory of the five major steel products increased by 23.47 tons to 1375.36 tons [35][38]. - **Basis**: The basis of building materials narrowed significantly, and the basis of plates widened. The rebar 10 basis narrowed by 30 to 117, and the hot - rolled coil basis widened by 23 to 12 [42][44]. - **Inter - delivery Spread**: The 10 - 1 spread was - 73, and the inversion deepened by 19 compared with last week. It is recommended to wait and see for now and pay attention to the 1 - 5 spread [45][47]. - **Inter - product Spread**: The hot - rolled coil to rebar spread widened. The current spread is at a moderately high level, and it is recommended to pay attention to the opportunity for the 01 spread to narrow [48][50]. 3.2 Iron Ore Weekly Market Tracking - **Price**: The spot price of iron ore fluctuated, and the futures market had a narrow - range movement. The 09 contract rose 7 to close at 790, and the spot price of Rizhao Port PB fines rose 2 to 771 yuan/ton [54][56]. - **Supply**: Global shipments decreased, and the supply from distant sources tightened. The 47 - port arrival volume increased by 303 tons to 2622.4 tons [57][65]. - **Rigid Demand**: The pig iron production decreased slightly, and the demand declined slightly. The daily average pig iron output of 247 sample steel mills was 240.32 tons, a decrease of 0.39 tons compared with last week [66][68]. - **Speculative Demand**: The port trading volume decreased, and the downstream restocking was weak. The average daily port trading volume last week was 95.4 tons, a decrease of 4.8 tons compared with the previous week [69][72]. - **Port Inventory**: The port inventory increased slightly. As of August 8, the total inventory of 47 ports was 14267.27 tons, an increase of 45 tons compared with the previous week [73][75]. - **Downstream Inventory**: The steel mill inventory decreased slightly. The total inventory of imported sinter powder of 114 steel mills decreased by 74.41 tons to 2756.28 tons [76][78]. - **Shipping**: The shipping freight rates showed mixed trends. The freight rate from Western Australia to Qingdao decreased by 0.31 dollars/ton to 9.98 dollars/ton, and the freight rate from Brazil to Qingdao increased by 0.27 dollars/ton to 24.075 dollars/ton [79][81]. - **Spread**: The 9 - 1 spread narrowed, and the futures and spot prices were basically at parity. The 9 - 1 spread narrowed by 9.5 to 16.5, and the 09 contract was at a discount of 3.3 [83][85].

Industry Investment Rating - No information provided in the report Core Viewpoints - This week, the futures price of the Container Shipping Index (Europe Line) fluctuated. The main contract EC2510 rose 0.27%, while other contracts had gains ranging from -1% to 4%. The latest SCFIS Europe Line settlement freight rate index was 2,297.86, down 18.7 points from last week, a 0.8% decrease [6][44]. - Trump's tariff measures have intensified global trade uncertainties and raised market expectations of a resurgence in trade conflicts. The US consumer sector shows resilience, but there is an upward risk of inflation in the future. The Q2 2025 GDP growth of the Eurozone slightly exceeded market expectations, and the ECB has more flexibility in its interest - rate policy [6][44]. - From July to August, the traditional peak season for European routes has led to an increase in delivery volume. The recovery of cargo volume has offset some market concerns, and the complexity of the geopolitical situation has postponed the resumption of Red Sea voyages, pushing up the freight rates on European routes. However, freight and industry profitability may be under pressure, and the peak season may be "not so peaky" with freight rates expected to fluctuate weakly [7][45]. Summary by Directory 1. Market Review - Futures contracts: EC2508 fell 2.08%, EC2510 rose 0.27%, EC2512 rose 4.27%, EC2602 rose 3.00%, EC2604 rose 1.74%, and EC2606 rose 1.42%. The SCFIS index fell 0.8% [10]. - The price of the main contract of the Container Shipping Index (Europe Line) rose slightly this week, and the trading volume and open interest of the EC2510 contract both increased [13][18] 2. News Review and Analysis - In July, China's total import and export value of goods trade was 3.91 trillion yuan, a 6.7% year - on - year increase. Exports were 2.31 trillion yuan, up 8%, and imports were 1.6 trillion yuan, up 4.8%. In the first seven months, the total import and export value was 25.7 trillion yuan, a 3.5% year - on - year increase [21]. - Trump criticized Powell for late interest - rate cuts, may soon announce a new Fed chairman, and plans to raise tariffs on India, chips, and semiconductors. The US - Japan trade agreement has ongoing disputes, and the US plans to impose an additional 15% tariff [21] 3. Chart Analysis - This week, the basis and spread of the Container Shipping Index (Europe Line) futures contracts converged, and the export container freight rate index declined [27][29]. - Container shipping capacity decreased in the short term. The BDI and BPI rebounded due to geopolitical factors. The average charter price of Panamax ships rebounded rapidly, and the spread between the offshore and on - shore RMB against the US dollar fluctuated [34][38] 4. Market Outlook and Strategy - The futures price of the Container Shipping Index (Europe Line) fluctuated this week. Trump's tariff policies have increased trade uncertainties. The US consumer sector shows resilience, but inflation may rise. The Eurozone's economic data is stable, and the ECB has more flexibility in interest - rate policies [44]. - The peak season for European routes from July to August has led to an increase in delivery volume, but freight and industry profitability may be under pressure, and freight rates are expected to fluctuate weakly. Attention should be paid to factors such as the actual follow - up increase in shipping companies' cabin opening prices in December, the frequency of Houthi attacks, and trade - war - related information [7][45]

Report Summary 1. Investment Rating - No investment rating for the industry is provided in the report. 2. Core View - Wednesday saw most prices of the container shipping index (European line) futures rise, with the main contract EC2510 up 0.64% and far - month contracts up 1 - 4%. The latest SCFIS European line settlement freight rate index dropped 18.7 points from last week, down 0.8% month - on - month, and the spot index continued to fall. A series of tariff measures have increased global trade uncertainty and the expectation of trade conflict escalation. Despite the resilience of the US consumer end, there is an upward risk of inflation and potential impact on future retail data. China's counter - measures have intensified Sino - European trade tensions. Against this backdrop, the demand expectation for the container shipping index (European line) is weak, and the futures price fluctuates greatly, but the rapid recovery of spot - end price indicators may drive the futures price up in the short term. Investors are advised to be cautious and control risks [1]. 3. Summary by Directory 3.1 Futures Market Data - EC main contract closing price: 1420.100, up 9.0; EC second - main contract closing price: 1751.4, up 69.3. EC2510 - EC2512 spread: - 53.80 (down); EC2510 - EC2602 spread: - 331.30; EC2510 - EC2602 spread (another value): - 89.20, down 9.80. EC contract basis: 877.76, down 7.10. EC main contract open interest: 54361, up 2253 [1]. 3.2 Spot Market Data - SCFIS (European line) (weekly): 2297.86, down 18.7; SCFIS (US West line) (weekly): 1130.42, down 153.39. SCFI (composite index) (weekly): 1550.74, down 41.85; container ship capacity (in 10,000 TEUs): 1227.97, unchanged. CCFI (composite index) (weekly): 1232.29, down 29.06; CCFI (European line) (weekly): 1789.50, up 2.26. Baltic Dry Index (daily): up 49.00; Panama Freight Index (daily): 1921.00; Panama Freight Index (daily, another value): 1625.00, up 8.00. Average charter price (Panamax): 12308.00, up 123.00; average charter price (Capesize): 23286.00, down 1309.00 [1]. 3.3 Industry News - Seven Chinese departments jointly issued guidelines on financial support for new industrialization, aiming to build a mature financial system by 2027. US President Trump criticized Powell for late interest - rate cuts, may announce a new Fed chair soon, will "significantly" raise tariffs on India in 24 hours and announce drug and chip tariffs within a week, with drug tariffs potentially up to 250%. The Bank of Japan may further raise interest rates if economic growth and inflation develop as expected [1]. 3.4 Key Data to Watch - August 7, 00:00: China's July export year - on - year rate in US dollars; China's July import year - on - year rate in US dollars. August 7, 14:00: Germany's June seasonally - adjusted industrial output monthly rate. August 7, 14:45: France's June trade balance (in billion euros). August 7, 19:00: UK's central bank interest - rate decision as of August 7. August 7, 20:30: US initial jobless claims for the week ending August 2 (in 10,000 people). August 7, 22:00: US June wholesale sales monthly rate [1].

中国人民银行数据表明，央行二季度净购金6吨，上半年累计增储19吨，截至6月，连续8个月增持黄金。 不过，世界黄金协会发布最新的二季度全球黄金需求报告却显示，市场购金主力军的全球央行的购买量有所放 缓，全球央行在二季度净购金166吨，增储量同比减少了21%。 全球央行购金速度放缓除了当前金价处于较高位置之外，对于金价上涨的前景表明了并不统一的立场。 日内收盘，沪金上涨0.26%，报收782.5元/克。 图片来源：曲合APP 前期出于对贸易冲突的担忧部分资金选择押注黄金多头，随着 8 月 1 日到来前或有更多国家和美国达成贸易协 议对市场情绪影响减弱对美元资产形成支撑使价格承压，但 7 月美国经济数据呈现恶化再次提振9 月美联储降 息可能性，政治局势也使避险需求再次升温，未来美国通胀等相关数据对市场的影响将不断增加带来单反波 动。技术面上国际金价持续盘中形成三角形态在 3450 美元的前高存在阻力缺乏较强突破的驱动，金价连跌后快 速修复整体仍维持偏强震荡，多单在 3300 美元（770 元）上方继续持有。 ...

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Report's Core View - On Tuesday, most prices of the Container Shipping Index (Europe Line) futures rose, with the main contract EC2510 up 0.63% and the far - month contracts up about 1%. The latest SCFIS Europe Line settlement freight rate index dropped 18.7 points from last week, down 0.8% month - on - month, and the spot indicators continued to decline. A series of tariff measures have increased the uncertainty of the global trade situation and raised the market's expectation of a new round of trade conflicts. Although the US consumer side shows resilience, inflation still has an upward risk, and China's counter - measures have further intensified the Sino - EU trade tension. Against this background, the demand expectation of the Container Shipping Index (Europe Line) is weak, the futures price fluctuates greatly, but the rapid recovery of spot - end price indicators may drive the futures price to rise in the short term. Investors are advised to be cautious, pay attention to the operation rhythm and risk control, and track geopolitical, shipping capacity and cargo volume data in a timely manner [1] 3. Summary by Relevant Catalogs 3.1 Futures Data - EC main contract closing price: 1413.000, up 8.8; EC second - main contract closing price: 1690.5, up 20.20 - EC2510 - EC2512 spread: - 255.40, unchanged; EC2510 - EC2602 spread: - 48.40, unchanged - EC contract basis: 876.06, unchanged - EC main contract open interest: 52108, up 1055 [1] 3.2 Spot Data - SCFIS (Europe Line) (weekly): 2297.86, down 18.70; SCFIS (US West Line) (weekly): 1130.42, down 153.39 - SCFI (composite index) (weekly): 1550.74, down 41.85; Container ship capacity (10,000 TEUs): 1227.97, unchanged - CCFI (composite index) (weekly): 1232.29, down 29.06; CCFI (Europe Line) (weekly): 1789.50, up 2.26 - Baltic Dry Index (daily): 2018.00, down 48.00; Panamax Freight Index (daily): 1644.00, down 11.00 - Average charter price (Panamax ship): 12235.00, up 50.00; Average charter price (Cape - size ship): 27300.00, up 2705.00 [1] 3.3 Industry News - The central bank, the financial regulatory administration and the CSRC plan to further clarify the specific requirements for risk - based customer due diligence of financial institutions. For financial institutions and exchange - business institutions, when the amount of funds remitted abroad by customers is more than RMB 5000 or the foreign - currency equivalent of $1000 in a single transaction, they should verify the remitter's identity. - US President Trump said that India is not only buying a large amount of Russian oil but also reselling a large part of it on the open market for huge profits, and will significantly increase the tariffs paid by India to the US. - The EU Commission spokesman said that the EU will suspend the implementation of the tariff counter - measures originally scheduled to take effect against the US on August 7 within six months and continue to cooperate with the US to finalize a joint statement on trade [1] 3.4 Key Data to Focus On - Eurozone June retail sales month - on - month rate at 17:00 on August 6 - US July global supply chain pressure index at 22:00 on August 6 [1]