Economic Data Review - U.S. durable goods orders in June fell by 9.3% month-on-month, the largest decline since April 2020[1] - July manufacturing PMI in the U.S. dropped to 49.5, the lowest since December 2024[7] - Eurozone manufacturing PMI in July reached 49.8, the highest since July 2022[7] U.S. Economic Indicators - The WEI index for the U.S. decreased to 2.22% from 2.34% in the previous week[10] - The Redbook retail sales year-on-year growth in the U.S. fell to 5.1%, down from 5.2%[12] - The 30-year mortgage rate in the U.S. decreased to 6.74% from 6.75% the previous week[15] Financial Conditions - Bloomberg financial conditions index for the U.S. rose to 0.644 from 0.549 a week earlier[29] - The offshore dollar liquidity improved, with the 3-month basis swap for JPY/USD at -22.3589bp, up from -24.6876bp a week prior[31] - The 10-year bond yield spread between the U.S. and Eurozone narrowed to 167.7bp from 168.3bp[33]

智通财经7月25日电，美国6月耐用品订单环比下降9.3%，预期下降10.8%。 ...

This Week's Key Focus - On July 21 at 09:15, the People's Bank of China is expected to announce that the 1-year LPR remains at 3.00% and the 5-year LPR at 3.50% [2][4] - On July 24 at 20:15, the European Central Bank will announce its interest rate decision, with an expected unchanged benchmark rate [2][15] - On July 25 at 20:30, the US Department of Commerce will release the preliminary value of June's durable goods orders [2] - On July 27 at 09:30, China's National Bureau of Statistics will announce June's industrial enterprise profits, with the previous value showing a 9.1% year-on-year decline and a 1.1% cumulative decline from January to May [2][19] - Other factors such as domestic macro - policy changes, international trade and tariff wars, international geopolitical situations, and speeches by US President Trump and Fed officials may impact the futures market [2] This Week's Hotspot Preview July 21 - At 10:00, the State Council Information Office will hold a press conference on the achievements of building a transportation powerhouse during the '14th Five - Year Plan' [3] July 22 - At 15:00, the State Council Information Office will hold a press conference on the first - half 2025 foreign exchange revenue and expenditure data [5] - At 20:30, Fed Chair Powell will give a welcome speech at a regulatory meeting, a rare 'live speech during the quiet period' [8] July 23 - At 22:00, the EU Statistics Bureau will release the preliminary value of the eurozone's July consumer confidence index, expected to be - 14.5 [9] - At 22:00, the US National Association of Realtors will announce June's existing home sales, with an expected annualized total of 4 million households and an annualized monthly rate of - 0.7%. Lower values may suppress non - ferrous metal futures prices [10] - At 22:30, the EIA will announce the change in US crude oil inventories for the week ending July 18. A continued decline may boost crude oil and related commodity futures [11] July 24 - At 9:30, the National Bureau of Statistics will announce the mid - July market prices of important production materials [12] - At 16:00, S&P Global will release the preliminary value of the eurozone's July SPGI manufacturing PMI, expected to be 49.8. A slight increase may slightly boost non - ferrous metal futures prices [13] - At 20:15, the European Central Bank will announce its interest rate decision, followed by a press conference by President Lagarde at 20:45 [15] - At 20:30, the US Department of Labor will announce the number of initial jobless claims for the week ending July 19, expected to be 215,000. A slight decrease may slightly boost non - gold and non - silver industrial product futures but suppress gold and silver futures [14] - At 21:45, S&P Global will release the preliminary value of the US July SPGI manufacturing PMI, expected to be 53.5. A slight increase may slightly boost non - ferrous metal futures prices [16] - At 22:00, the US Department of Commerce will announce June's new home sales, with an expected seasonally adjusted annualized total of 650,000 households and an annualized monthly rate of 4.3%. Higher values may boost non - ferrous metal futures prices but suppress gold and silver futures prices [17] July 25 - At 20:30, the US Department of Commerce will announce the preliminary monthly rate of June's durable goods orders, expected to be - 11%. A significant decrease may suppress non - ferrous metal futures but boost gold and silver futures [18] July 27 - At 09:30, China's National Bureau of Statistics will announce June's industrial enterprise profits [19]

Group 1 - The EU is considering lowering tariffs on a range of US imports to quickly reach a trade agreement with President Trump [2] - The US Treasury announced an agreement with G7 allies to protect US companies from certain taxes imposed by other countries, in exchange for removing the "899 retaliatory tax clause" from the "big and beautiful" tax reform [2] - The Federal Reserve Governor Daly indicated that increasing evidence suggests tariffs may not lead to significant or lasting inflation, which could support the case for interest rate cuts in the fall [2] Group 2 - The US real GDP for the first quarter declined at an annualized rate of 0.5%, a drop greater than the expected decline of 0.2%, marking the first contraction in three years [3] - The final value of US personal consumption was significantly revised down to only a 0.5% increase, the weakest quarterly performance since the COVID-19 pandemic began [4] - The core PCE price index in the US was revised up to 3.5%, indicating ongoing inflationary pressures [5] Group 3 - US initial jobless claims decreased by 10,000 to 236,000, below the expected 245,000, while the previous week's continuing claims rose to 1.974 million, the highest level since November 2021 [5] - US durable goods orders for May showed an initial month-on-month increase of 16.4%, the largest increase since July 2014, significantly exceeding the expected 8.5% [5] Group 4 - The Dow Jones Industrial Average rose by 404.41 points to 43,386.84; the S&P 500 increased by 48.86 points to 6,141.02; and the Nasdaq Composite gained 194.36 points to 20,167.91 [6]

Group 1 - The core point of the article is that U.S. durable goods orders for May showed a preliminary month-over-month increase of 16.4%, significantly exceeding the forecast of 8.5% [1]

美国5月耐用品订单环比初值 16.4%，预期 8.5%，前值 -6.3%。 ...

Group 1 - The article highlights the upcoming release of key economic indicators, including the final GDP for the first quarter in the United States, preliminary durable goods orders for May, and the trade balance for goods [1] - Additionally, it mentions the weekly initial claims for unemployment benefits for the week ending June 21 [1]

智通财经6月3日电，美国4月耐用品订单终值环比下降6.3%，预估为下降6.3%。 ...

【要闻速递】 美元指数（DXY）在亚洲交易时段延续前一日上涨势头，短暂触及99.80，为本周高点，市场多头情绪 受到改善的经济数据提振，但涨势缺乏强劲动能。 支撑本轮上涨的主要因素，是周二公布的美国耐用品订单和消费者信心数据均好于预期。 "这次反弹表明美国家庭对未来收入与就业状况的预期显著改善，从而提振整体经济信心，"一位不具名 的市场分析师指出。 尽管短线数据利好美元，但更广泛的财政与货币政策背景却可能压制其上涨空间。 【黄金走势分析】 黄金周二震荡下行，当天最高3350，最低3285，日线收阴于3300，日线看金价受阻于中轨，今重点看 3280能否下破，破位下看3260和3250，四小时线，呈区间震荡，小时线，震荡，今早反弹3315后下跌至 3292，目前仍处于震荡，综述日内先看区震荡，下方看3280，上方看3320和3350，区间不破继续震荡。 周三(5月28日)本交易日国际黄金日内维持震荡走势，今日开盘报3301.80美元/盎司，最高触及3315.45美 元/盎司，最低触及3291.45美元/盎司，截止发稿金价报3307.09美元/盎司，涨幅0.19%。 据市场调查显示，美国4月耐用品订单下滑6.3% ...

5月27日，COMEX白银库存录得15448.95吨，较上一日增持18.91吨；comex白银上周二（5月27日）收 报33.38美元/盎司，下跌0.77%，comex白银价格日内最高触33.74美元/盎司，最低下探32.88美元/盎司。 最新comex白银库存数据： 随着市场参与者消化了美国总统唐纳德·特朗普表示，在上周五威胁征收 50% 关税后，美国和欧盟之间 的贸易谈判有所升温的消息，风险偏好有所改善。尽管他退缩了，为谈判留出了一些空间，但双方能否 在7月9日之前达成协议还有待观察。 世界大型企业联合会公布的 5 月份乐观的美国消费者信心数据使欧元/美元货币对下跌。 追踪美元兑其 他六种货币价值的美元指数上涨超过 0.62%至99.54。 美国的其他数据显示，4月份耐用品订单暴跌，触及2020年10月以来的最低水平。 在大洋彼岸，法国的通胀数据继续显示通货紧缩过程有所改善，为欧洲央行进一步宽松打开了大门。 欧洲央行的 Gediminas Simkus 透露，他看到了"6 月份降息"的空间。尽管如此，欧洲央行的一些声音已 经略微转向鹰派，奥地利央行成员兼欧洲央行成员罗伯特·霍尔兹曼表示，他认为没有任何理由 ...