Employment Data - In July, the U.S. added only 73,000 non-farm jobs, significantly lower than expected, with previous months' job additions revised down to 19,000 and 14,000 for May and June respectively, indicating a downward adjustment of 86,000 jobs[3] - The average unemployment rate increased by 0.1 percentage points to 4.2% in July, reversing a slight decline in June[3] Labor Market Dynamics - The labor force participation rate fell for the third consecutive month, down 0.1 percentage points to 62.2%, the lowest since December 2022, reflecting a decrease in potential labor supply due to strict immigration controls[4] - Average hourly earnings rose by 0.1 percentage points to 3.9% year-on-year, following three months of stagnation, indicating upward pressure on wages[4] Economic Implications - The labor market's current cooling trend is expected to be temporary, with potential recovery as fiscal expansion measures are implemented, which may lead to increased job creation and higher incomes[4] - The "Big and Beautiful Act" is anticipated to provide significant tax incentives for domestic investment, potentially leading to a rebound in the labor market and upward pressure on inflation[4] Market Reactions - Following the employment data release, the U.S. dollar index fell sharply by 1.38% to 98.69, reflecting market concerns over the labor market's performance[3] - The overall structure of job additions in July suggests a prolonged process for the return of advanced industry chains to the U.S., with tariffs having a notable impact on domestic manufacturing[3]

Core Viewpoint - The U.S. Customs and Border Protection (CBP) has issued guidelines regarding the imposition of tariffs on Brazilian goods [1] Group 1 - The guidelines detail the specific products affected by the new tariffs [1] - The announcement is part of a broader strategy to regulate trade practices and protect domestic industries [1] - The impact of these tariffs on trade relations between the U.S. and Brazil is expected to be significant [1]

Core Viewpoint - The international gold market is experiencing fluctuations, with a focus on the upcoming non-farm payroll data and the impact of U.S. economic indicators on gold prices. The overall sentiment remains bullish, supported by the 100-day moving average, despite pressures from a strengthening U.S. dollar [1][3][5]. Market Performance - On July 31, gold opened at $3275.89 per ounce, reached a low of $3273.86, and peaked at $3314.81 before closing at $3289.93, marking a daily increase of $14.04 or 0.43% [1]. - The daily trading range was $40.95, indicating significant volatility and trading opportunities [1]. Economic Indicators - The market is awaiting key economic data, including U.S. unemployment rates and non-farm payroll figures, with expectations of rising unemployment and declining job numbers, which could support gold prices [5]. - The U.S. dollar index has recently strengthened, surpassing the 100 mark for the first time in two months, which has exerted downward pressure on gold prices [3]. Technical Analysis - Monthly charts indicate that gold prices have not reached new highs for three consecutive months, suggesting potential risks of a decline to $3000 or $2600 [7]. - The gold price is currently supported by an upward trend line from previous highs, indicating that any pullback may stabilize above $3000 [7]. - Weekly charts show that gold is trading below the 5-10 week moving averages, with a possibility of further declines to $3200 or $3000 [9]. Future Outlook - The market anticipates a period of volatility, with the potential for a rebound if the Federal Reserve decides to cut interest rates in September, which could push gold prices towards $3570 [11]. - The overall sentiment suggests that gold may experience a period of consolidation before potentially rising again in the fourth quarter of the year [5][12].

Group 1 - The legality of President Trump's broad imposition of global tariffs is being challenged in a federal appeals court [1] - A hearing was held by an 11-judge panel, focusing on the Trump administration's claim that the ongoing trade deficit constitutes a national emergency [1] - The outcome of the court's decision could impact the implementation of higher tariffs set to take effect the following day [1]

Core Viewpoint - The U.S. will not extend the tariff deadline of August 1, and negotiations with the EU are crucial for avoiding a trade conflict [1] Group 1 - U.S. Secretary of Commerce Ross stated that the goal of negotiations with the EU is to open European markets for U.S. exports [1] - The adequacy of the agreement offered by the EU is in question, as it needs to be compelling enough for President Trump to abandon the 30% tariff threat [1] - European leaders have indicated that if a satisfactory trade agreement is not reached before the August 1 deadline, the EU will implement countermeasures against U.S. tariffs [1] Group 2 - The EU Commission spokesperson stated that if negotiations fail, countermeasures will take effect on August 7 [1]

Core Viewpoint - A U.S. juice company is suing the Trump administration over the legality of a proposed 50% tariff on all imports from Brazil, claiming it violates the International Emergency Economic Powers Act and lacks formal administrative orders or declarations of national emergency [1] Group 1: Legal Claims - The company argues that the justification for the tariff does not meet the legal threshold required under the 1977 International Emergency Economic Powers Act [1] - The letter sent to Brazilian President Lula is claimed not to constitute an official administrative order [1] Group 2: Financial Impact - The company states that the tariff will threaten its business and significantly increase costs for U.S. consumers [1] - The proposed tariffs are expected to raise the company's annual import costs by $68 million [1] - Retail prices could increase by as much as 25% due to the tariff [1]

印尼称19%的美国关税可能在8月1日前生效 金十数据7月21日讯，印尼首席经济部长Airlangga Hartarto周一表示，对进入美国的印尼商品征收19%的 关税可能会早于美国总统特朗普设定的8月1日最后期限生效。Airlangga称，加征关税的时间取决于两国 预计很快会发表的联合声明，两国上周达成了一项贸易协议，将美国提出的关税税率从32%降至19%。 该协议是特朗普政府在8月1日与许多国家的谈判截止日期之前达成的少数协议之一。 ...

Core Viewpoint - The article discusses the significant impact of the "Department of Government Efficiency" led by Elon Musk, which has resulted in substantial layoffs and a shift of talent from government to private sectors, causing anxiety and uncertainty among affected families [1][3][5]. Group 1: Layoffs and Impact - From January to May, layoffs directly caused by the "Department of Government Efficiency" policies reached 284,000 individuals, affecting many families despite not all plans being executed [3][5]. - The layoffs have also indirectly impacted over 10,000 individuals, including those from non-profit organizations that lost government contracts [3]. Group 2: Talent Shift - There is an increasing number of government employees seeking jobs in the private sector, including senior officials from the State Department, indicating a significant shift in the job market [4]. - The article highlights that while some individuals successfully transition to private companies, many struggle to find new opportunities [4]. Group 3: Reform Critique - The article critiques Musk's rapid and aggressive reform approach, contrasting it with the more measured reforms of the Clinton administration, which successfully reduced federal employees through natural attrition [5]. - The backlash against Musk's methods has manifested in protests against Tesla, indicating public discontent with the changes [5].

Group 1 - The Brazilian government expressed outrage over the 50% tariff imposed by the United States on Brazilian products, indicating a willingness to negotiate on the matter [1] - The Brazilian government emphasized that the tariff increase would have a severely negative impact on important sectors of both economies, jeopardizing the stable trade partnership between the two countries [1]

Core Viewpoint - The Brazilian Vice President emphasizes that the U.S. tariff increase will lead to a lose-lose situation for both countries [1] Group 1: Economic Impact - A newly formed "Negotiation and Trade Countermeasures Committee" in Brazil held its first meeting to assess the potential economic impact of the U.S. imposing a 50% tariff on goods imported from Brazil [1] - The committee discussed possible countermeasures to address the economic consequences of the U.S. tariffs [1] Group 2: Government Response - Brazilian Vice President and Minister of Development, Industry, and Trade, Alckmin, reiterated that the U.S. tariff increase is unfair and expressed a desire for a swift resolution to the tariff issue [1]