Core Viewpoint - The company, 高维科技, is expected to report a net loss of approximately 5.2 million HKD for the six months ending June 30, 2025, a significant decline from a net profit of 2.1 million HKD in the previous period [1] Group 1: Financial Performance - The total revenue decreased by approximately 13.5% to 40.83 million HKD, down from 47.21 million HKD in the previous period, primarily due to reduced group earnings reflecting global economic slowdown and trade uncertainties [2] - Employee costs increased by about 10.8% to 16.98 million HKD, compared to 15.32 million HKD in the previous period, driven by the introduction of a sales incentive program and expansion of the technical and R&D workforce [2] - Administrative expenses surged by approximately 94% to 7.35 million HKD, up from 3.79 million HKD in the previous period, attributed to market expansion, product diversification, and increased business travel expenses [2]

Core Insights - The Monetary Authority of Singapore (MAS) indicates that both global and local economies have shown resilience thus far [1] - However, the potential resurgence of trade conflicts, financial crises, or geopolitical shocks could exacerbate the slowdown caused by global economic deceleration [1] Economic Performance - The MAS highlights the current robust performance of the global economy, suggesting stability in economic indicators [1] - Local economic conditions are also reported to be steady, reflecting a positive outlook in Singapore's economic landscape [1] Risks and Challenges - The MAS warns that renewed trade tensions and geopolitical uncertainties pose significant risks to the ongoing economic stability [1] - The potential for these factors to contribute to a more pronounced global economic slowdown is emphasized [1]

金十数据7月28日讯，印度财政部表示，由于美国总统特朗普的关税政策持续存在不确定性，印度的贸 易表现可能在未来几个季度受到影响。商务部在周一发布的月度经济报告中表示，全球经济放缓，尤其 是美国经济放缓，可能抑制对印度出口的需求。"美国关税方面的持续不确定性可能会在未来几个季度 拖累印度的贸易表现。" 特朗普关税和全球经济放缓背景下 印度警告称存在贸易风险 ...

Core Insights - Canada's unemployment rate unexpectedly decreased to 6.9% in June, despite various economic challenges, driven primarily by job growth in wholesale and retail trade, healthcare, and social assistance sectors [1][3] - The addition of 83,100 jobs, mostly part-time, has injected some vitality into the labor market, but raises concerns about job quality and income stability [1][3] Employment Quality Concerns - The average wage growth for long-term employees has slowed to 3.2%, indicating potential underlying issues in the Canadian job market [3][5] - The prevalence of part-time positions suggests a decline in job quality, leading to income instability and limited career advancement opportunities, particularly affecting groups that require stable, high-income jobs [3][5] Manufacturing Sector Challenges - The manufacturing sector continues to face significant pressure from tariffs and international trade issues, which hampers overall employment growth [3][7] - Trade tensions between the U.S. and Canada remain unresolved, contributing to a challenging environment for Canadian manufacturing [3][7] Healthcare and Retail Sector Dynamics - Job growth in healthcare and social assistance is a positive sign, but the low wage levels and prevalence of low-skilled positions raise questions about long-term economic benefits [5][7] - The increase in employment within the wholesale and retail trade sectors may reflect consumer responses to economic conditions, but the sustainability of this growth is uncertain due to the rise of e-commerce and AI [5][7] Macroeconomic Context - The decline in unemployment does not mask the underlying issues within the Canadian job market, which is influenced by external factors rather than internal economic growth [7] - Future employment trends will be shaped by global economic uncertainties, changes in international trade relations, and domestic policy adjustments [7]

Core Viewpoint - The Bank of Japan reports that multiple regions express concerns over rising sales prices in the U.S. leading to decreased demand and a slowdown in the global economy [1] Group 1 - Companies are worried about the impact of rising sales prices in the U.S. on their demand [1] - There is a general concern regarding the slowdown of the global economy affecting business operations [1]

Core Viewpoint - Despite the easing of tariff tensions, the global economy is expected to slow significantly [1] Group 1 - The global economic slowdown is anticipated to be substantial, indicating potential challenges for various industries [1] - The easing of tariff disputes may not be sufficient to counteract the broader economic deceleration [1]

Group 1: Market Overview - The focus for the week is on U.S.-China trade negotiations and inflation data following a week of dense employment data, with key price stability indicators set to be released [1] - Positive progress in trade talks could temporarily boost market risk appetite, putting short-term pressure on gold prices, while long-term demand for gold is expected to remain supported due to supply chain restructuring and global economic slowdown caused by the trade war [1] - The U.S. Consumer Price Index (CPI) data is anticipated to show a year-on-year increase of 2.9%, indicating a potential reversal of the inflation slowdown trend observed since January [1] Group 2: Monetary Policy and Gold Demand - The Federal Reserve's monetary policy direction is crucial for gold prices, with low expectations for rate cuts before September, but investors betting on a possible 25 basis point cut later in 2025 [2] - If inflation data exceeds expectations, the Fed may delay rate cuts, supporting the dollar and exerting short-term pressure on gold prices, while long-term geopolitical risks and economic recovery uncertainties are likely to sustain gold's safe-haven demand [2] - China's central bank has increased its gold reserves for the seventh consecutive month, reflecting a strategic emphasis on gold as an asset and potentially boosting global gold demand [2] Group 3: Geopolitical Risks - The geopolitical situation between Russia and Ukraine remains a concern, with U.S. officials indicating that Russia's retaliation for Ukraine's drone strike on May 31 has not yet been fully executed, suggesting a significant response may be forthcoming [2]

Core Viewpoint - The OECD warns that further increases in tariffs will exacerbate the slowdown of the global economy [1] Group 1 - The OECD highlights the potential negative impact of rising tariffs on global economic growth [1] - The organization suggests that the current economic slowdown could worsen if trade tensions escalate [1]

Group 1: Gold Market Analysis - The international gold market is experiencing fluctuations, with current trading around $3233, down approximately $10 from the previous closing price [2] - The geopolitical landscape and uncertainty in the global economy are influencing gold prices, with significant attention on the U.S. tax reform debate led by President Trump [2] - Technical analysis indicates that gold is in a consolidation phase, with resistance at $3250 and support around $3200, suggesting potential for further adjustments [4][2] Group 2: Oil Market Analysis - The oil market opened the week with a slight upward trend, with Brent crude oil futures rising to $65.54 per barrel and U.S. crude oil futures to $62.69, both showing over 1% gains from the previous week [5] - Geopolitical factors, particularly tensions between the U.S. and Iran regarding nuclear negotiations, are driving oil prices higher, although market sentiment remains fragile due to economic slowdown concerns [5] - Technical analysis suggests that oil prices are under medium-term downward pressure, with potential support at $61 and resistance at $63.5 to $64 [6][5]

Global Economic Outlook - The United Nations projects global economic growth to slow to 2.4% in 2025, down from 2.9% in 2024, indicating a significant decline [1] - Global trade growth is expected to plummet from 3.3% in 2024 to 1.6% in 2025, with developing countries facing multiple challenges including reduced exports and tightening financing conditions [1] - Inflation is anticipated to be 3.6% in 2025, higher than earlier predictions, reflecting a deceleration in the overall decline of inflation levels [1] China Urban Planning - The newly released 2025 version of the "National Land Space Planning Urban Health Assessment Regulations" emphasizes a people-centered approach and introduces new indicators for urban planning [3] - The regulations aim to enhance urban infrastructure and ensure a balanced development of urban areas, addressing issues like traffic congestion and inadequate facilities [3][4] Japanese Economic Performance - Japan's economy contracted for the first time in a year, with a 0.2% decline in Q1 2025, contrasting with a 0.6% growth in the previous quarter [5] - The Bank of Japan has revised its GDP growth forecasts downwards for the next two fiscal years, reflecting ongoing economic challenges [5][6] UK Immigration Policy - The UK government has introduced stringent measures to reduce immigration, including tightening visa standards and extending the residency requirement for permanent residency [7][8] - The policy aims to address labor market imbalances and public service demands following a surge in immigration during the pandemic [8] Automotive Industry Performance - Geely Automobile reported a 264% increase in net profit for Q1 2025, with revenue reaching 72.495 billion yuan, driven by a record sales volume of 703,800 vehicles [9] - The company is undergoing strategic integration of its brands to enhance operational efficiency and market competitiveness [9][10] Alibaba Financial Results - Alibaba's revenue for the fiscal year 2025 was 996.347 billion yuan, a 6% increase year-on-year, with a notable performance in its core e-commerce and cloud services [11][12] - Despite growth in revenue, the company faces challenges in profitability due to high operational costs and external market pressures [11][12] NetEase Financial Performance - NetEase reported a 36% increase in net profit for Q1 2025, with total revenue of 28.8 billion yuan, primarily driven by its gaming segment [13] - The company is focusing on enhancing the performance of existing games while optimizing its marketing strategies to improve profitability [13][14]