Core Insights - The Consumer Confidence Index from the Conference Board for July is reported at 97.2, surpassing the expected value of 95 and the previous value of 93 [1] Group 1 - The increase in the Consumer Confidence Index indicates a positive sentiment among consumers, which may lead to increased spending and economic growth [1] - The current index value of 97.2 suggests a recovery in consumer confidence compared to the previous month, reflecting improved economic conditions [1] - The expectation of 95 was exceeded, indicating stronger consumer optimism than analysts had predicted [1]

Group 1 - Companies in Taiwan are facing increasing pressure due to rising exchange rates, order fluctuations, and tariff issues, leading to labor costs being passed down to frontline workers [1] - A specific company in Taichung, affected by the Russia-Ukraine conflict and U.S. tariff wars, has shifted from aiming for an IPO to being acquired due to the adverse impacts of currency appreciation [1] - The Taiwanese government is preparing a budget of NT$93 billion to support industries and stabilize the job market amid the tariff impacts on small and medium-sized enterprises [3] Group 2 - As of mid-July, 179 companies in Taiwan have implemented reduced work hours or unpaid leave, affecting 3,196 workers, marking a six-month high [2] - The uncertainty surrounding U.S. tariffs has led to 5% of surveyed companies reporting layoffs, while 25% have paused hiring plans [2] - The consumer confidence index in Taiwan has slightly increased to 64.38 points, ending a nine-month decline, although the overall economic outlook remains cautious [3][4]

④ 21:00 美国5月S&P/CS20座大城市未季调房价指数年率 ⑤ 22:00 美国6月JOLTs职位空缺 ⑥ 22:00 美国7月谘商会消费者信心指数 ⑦ 次日04:30 美国至7月25日当周API原油库存 相关链接 今日重点关注的财经数据与事件：2025年7月29日 周二 ① 待定 国内成品油开启新一轮调价窗口 ② 16:30 英国6月央行抵押贷款许可 ③ 21:00 美国5月FHFA房价指数月率 ...

Investment Rating - The report suggests a positive outlook for certain Japanese consumer companies, particularly Asics, Pan Pacific International Holdings, Fast Retailing, and Asahi Group, due to their optimistic profit growth prospects [5]. Core Insights - High temperatures in June boosted sales of beverages and summer clothing, while duty-free consumption saw a significant decline [2][13]. - The consumer confidence index in Japan rose to 34.5 in June, the highest in four months, indicating improved consumer sentiment [7]. - The report highlights a mixed performance across different sectors, with essential goods showing resilience while discretionary spending faced challenges [4][26]. Summary by Sections Macro Overview - The consumer confidence index increased to 34.5 in June, up from 32.8 in May, with all sub-indices showing improvement [7]. - Core CPI rose by 3.3% year-on-year in June, a decrease from 3.7% in May, indicating a slowdown in inflation [9]. - The producer price index (PPI) increased by 2.9% year-on-year in June, reflecting easing cost pressures for producers [11]. Essential Consumption - Drugstore same-store sales showed positive growth, with PPIH, 7-Eleven, and Aeon reporting increases of 4.5%, 2.0%, and 2.1% respectively [3][15]. - Beverage sales turned positive due to high temperatures, with Suntory and Asahi reporting year-on-year sales growth of 1% and 9% respectively [18]. - The overall beer industry faced challenges, with Asahi's domestic revenue declining by 1% and Kirin's by 2% [20]. Discretionary Consumption - Clothing sales remained robust, with Workman and Uniqlo reporting same-store sales growth of 15.0% and 6.4% respectively [28]. - Restaurant same-store sales growth slowed, with major brands like Food&Life and McDonald's showing increases of 14.5% and 3.6% respectively [26]. - Department store sales continued to decline, with a 7.8% year-on-year drop in June, primarily due to a 40.6% decrease in duty-free sales [34]. Stock Market Performance - In June, the retail sector index rose by 3.7%, while the food and beverage sector increased by 0.7% [42]. - The report notes significant inflows into retail and food and beverage ETFs, indicating investor interest in these sectors [5].

Group 1 - The core point of the article is that Italy's Istat consumer confidence index for July is reported at 97.2, which exceeds the expected value of 95.9 and the previous value of 96.1 [1]

Core Viewpoint - The article highlights the cautious attitude of UK consumers in response to potential tax increases later this year, leading to increased savings and a decline in consumer confidence [1] Consumer Confidence - The GfK consumer confidence index in the UK fell from -18 in June to -19 in July, with expectations of a further drop to -20 [1] - This decline indicates a growing concern among consumers about future economic conditions [1] Savings Behavior - The GfK savings index rose by 7 points to +34, marking the highest level since November 2007, just before the global financial crisis deepened [1] - This increase in savings reflects consumers' anticipation of economic challenges ahead, particularly related to potential tax hikes [1]

Group 1 - The core point of the article is that the UK Gfk consumer confidence index for July is reported at -19, which is slightly better than the expected -20 but worse than the previous value of -18 [1]

Group 1 - The core point of the article indicates that Germany's Gfk consumer confidence index for August is -21.5, which is lower than the expected -19.2 and the previous value of -20.3 [1]

德国8月Gfk消费者信心指数将于十分钟后公布。 ...

Group 1 - Tesla is scheduled to release its earnings report after the US stock market closes on July 24, 2025 [1] - The Reserve Bank of Australia Governor Philip Lowe will deliver a speech at 11:05 AM [1] - The European Central Bank will announce its interest rate decision at 8:15 PM [1] Group 2 - Various PMI data will be released, including Germany's manufacturing PMI at 3:30 PM and the Eurozone's manufacturing PMI at 4:00 PM [1][1] - The UK will also release its manufacturing and services PMI data at 4:30 PM [1] - The US will report initial jobless claims for the week ending July 19 at 8:30 PM [1]