Group 1 - Federal Reserve Governor Michelle Bowman supports three interest rate cuts this year, citing weak labor market data as a key factor [3][5] - Bowman previously supported maintaining interest rates until June but voted against the decision in July, advocating for a 25 basis point cut [3][5] - She urges other decision-makers to initiate rate cuts at the September Federal Reserve meeting to prevent further deterioration in the labor market [5][7] Group 2 - The U.S. labor market shows signs of cooling, with non-farm employment increasing by only 73,000 in July, below expectations, and the unemployment rate rising from 4.1% to 4.2% [7][9] - Core Consumer Price Index (CPI) is expected to rise by 0.3% in July, compared to a 0.2% increase in June, indicating a potential uptick in inflation due to higher tariffs [9][10] - Higher tariffs are beginning to affect consumer prices, particularly in household goods and entertainment, creating a dilemma for Federal Reserve officials who are trying to assess the impact on sustained inflation while monitoring labor market trends [9][10]

Core Viewpoint - The company expects a decline in revenue for the third quarter due to U.S. tariffs, early inventory pull-ins by customers, and the continued appreciation of the New Taiwan Dollar [1][3]. Group 1: Revenue Forecast - The company estimates third-quarter revenue to be between NT$237 billion and NT$247 billion (approximately RMB 57 billion to RMB 59.4 billion), representing a quarter-over-quarter decline of 6-10% and a year-over-year decline of 11-15% [1][3]. - Gross margin is projected to be between 34-37%, and operating margin is expected to be between 15-18% [1]. Group 2: Market Conditions - The impact of U.S. tariffs has been established, and the company will closely monitor its effects on the industry and economy [3]. - The consumer electronics sector benefited from China's subsidies and early inventory pull-ins due to U.S. tariffs in the first half of the year, but these effects are diminishing, leading to a more conservative ordering attitude from customers [3]. Group 3: Product Line Performance - Revenue from the small and medium-sized driver ICs is expected to decline less significantly, while the large-size DDIC is anticipated to see the largest reduction due to the tapering off of the effects from China's subsidies and tariffs [3][4]. - The performance of televisions is expected to remain stable, while laptops may see slight growth, and both tablets and monitors are projected to decline [3]. Group 4: Future Outlook - The company is cautious about the fourth quarter, focusing on the impact of U.S. tariffs, the appreciation of the New Taiwan Dollar, and potential inventory demands driven by promotions in China [4]. - The company anticipates an increase in shipments of OLED TDDI, with expectations of over 10 million units shipped this year due to successful mass production of new models [4].

Core Viewpoint - South Korean officials express concerns about the impact of a 15% tariff on exporters' profitability, particularly for small and medium-sized enterprises, despite successfully negotiating a tariff agreement with the United States [1] Group 1: Tariff Agreement - South Korea has avoided the worst-case scenario by reaching a tariff agreement with the United States [1] - The agreement includes a significant investment plan of $350 billion, with $200 billion allocated to strategic industries such as semiconductors [1] Group 2: Economic Impact - Concerns remain regarding how the unprecedented 15% tariff will affect the profitability of companies exporting to the U.S. [1] - The South Korean government plans to continue discussions with the U.S. to ensure that the investment plans benefit the national economy and its enterprises [1]

Core Viewpoint - The Brazilian ETF listed in the US experienced a post-market decline of 0.26% [1] Group 1: Economic Relations - Brazilian Finance Minister Haddad expressed that US President Trump is interested in dialogue with the Brazilian President, which he considers "great" [1] - Haddad stated he is always available for discussions with US Treasury Secretary Yellen [1] Group 2: Trade Concerns - Haddad advised not to believe in the macroeconomic impacts of US tariffs, but rather to be more concerned about the microeconomic effects caused by these tariffs [1]

Core Insights - The average global tariff rate imposed by the U.S. is estimated to be around 18% according to BlueBay Asset Management [1] - The projected annual revenue from U.S. tariffs is approximately $450 billion, with an expected increase to $770 billion in 2024, representing 1.25% of GDP [1] - This tariff revenue is anticipated to help reduce the U.S. fiscal deficit to slightly below 7% of GDP in the coming year [1]

Core Viewpoint - Malaysia's Trade Minister announced that pharmaceutical and semiconductor products will be exempt from U.S. tariffs, indicating a strategic advantage for these sectors in the Malaysian economy [1] Group 1: Industry Impact - The exemption from U.S. tariffs is expected to bolster the pharmaceutical and semiconductor industries in Malaysia, enhancing their competitiveness in the global market [1] - This decision may lead to increased foreign investment in these sectors, as companies seek to capitalize on the favorable trade conditions [1] Group 2: Economic Implications - The move is likely to support Malaysia's economic growth by maintaining the stability of key export sectors, which are crucial for the country's trade balance [1] - It reflects Malaysia's ongoing efforts to strengthen its trade relationships and position itself as a key player in the global supply chain for pharmaceuticals and semiconductors [1]

日本制铁高管：尽管美国关税对美国钢铁业的影响尚未显现，但预计将是积极的。 ...

澳大利亚部长确认美国关税将维持在10%。 ...

Core Viewpoint - The Japanese Minister of Economic Revitalization, Akizawa Ryozo, stated that U.S. tariffs will lead to a global slowdown, resulting in decreased exports and weakened demand, which will subsequently impact the Japanese economy [1] Group 1 - U.S. tariffs are expected to cause a global economic slowdown [1] - The slowdown will lead to a decline in exports [1] - Weakened demand due to tariffs will affect the Japanese economy [1]

金十数据8月1日讯，今天上午油价开盘几乎没有变化，布伦特原油价格接近72美元/桶。有分析师称， 对原油而言，关税的影响是双向的。由于广泛的贸易关税影响预计将减缓经济增长，这将对石油需求产 生负面打击。然而，美国的其他相关处罚——尤其是那些威胁针对俄罗斯石油买家的处罚——可能会扰 乱供应，从而支撑油价。 分析师：美国关税对油价的影响可能是双向的 布伦特原油 ...