Market Movements - As of August 5, U.S. stock index futures showed mixed results, with Dow futures down 0.01%, S&P 500 futures up 0.19%, and Nasdaq futures up 0.29% [1] - European indices also saw positive movements, with Germany's DAX up 0.77%, UK's FTSE 100 up 0.54%, France's CAC 40 up 0.21%, and the Euro Stoxx 50 up 0.34% [2][3] - WTI crude oil fell by 0.89% to $65.70 per barrel, while Brent crude oil decreased by 0.76% to $68.24 per barrel [3][4] Market News - MUFG reported that the U.S. non-farm payrolls for July were significantly below expectations, leading to increased bets on interest rate cuts by the Federal Reserve, with a 90% probability for a rate cut in September [4][5] - San Francisco Fed President Mary Daly indicated support for potential rate cuts, suggesting that the Fed may need to cut rates more than twice this year [5] - Wall Street analysts warned of a possible market correction due to high stock valuations and deteriorating economic data, with predictions of a 10% to 15% correction [6] - Jefferies noted that a shift in market dynamics could favor small-cap stocks over large-cap tech stocks during the Fed's rate-cutting cycle [7] Company-Specific News - Palantir reported a quarterly revenue exceeding $1 billion for the first time, with a 48% year-over-year growth, driven by strong government and commercial orders [9] - Pfizer's Q2 revenue grew by 10% to $14.65 billion, exceeding expectations, and the company raised its full-year profit guidance [10] - BP's Q2 profit surpassed expectations at $2.35 billion, and the company announced a dividend increase and a comprehensive business review under new leadership [11] - Yum China reported a 14% increase in operating profit, reaching $304 million, with a net addition of 336 stores in Q2 [12] - Diageo's FY2025 sales slightly declined but showed better-than-expected organic sales growth of 1.7%, while the company plans to further cut costs [13] Economic Data and Events - The U.S. ISM Non-Manufacturing PMI for July is scheduled for release at 22:00 Beijing time [14]