Core Insights - The trade surplus of the Eurozone and the EU significantly decreased in June, particularly due to weak performance in the chemical industry [1] Trade Surplus Analysis - Eurozone trade surplus fell from €16.5 billion in May to €7 billion in June, primarily due to a decline in exports of chemicals and related products [1] - The EU's trade surplus decreased from €13 billion in May to €8 billion in June [1] Export and Import Dynamics - Exports from the EU to the US decreased by 10.3% year-on-year to €40.2 billion in June, while imports from the US increased by 16.4% to €30.6 billion [1] - The EU's imports from China reached €46.4 billion, a year-on-year increase of 16.7%, while exports to China fell by 12.7% to €16.9 billion [1] - The trade deficit with China expanded by 44.6% year-on-year, totaling €29.5 billion [1]

Core Viewpoint - Titan Technology (688133) has seen a stock price increase of 8.73% this week, closing at 27.4 yuan, with a total market capitalization of 4.506 billion yuan [1] Company Announcement Summary - Titan Technology plans to acquire 100% equity of Apollo Scientific Ltd. (ASL) for approximately 55.85 million yuan to expand its overseas sales channels [1] - The acquisition involves a payment of 5,756,429 GBP, which is about 55.85 million yuan, and is not classified as a related party transaction or a major asset restructuring [1] - ASL reported a revenue of 87.09 million yuan and a net loss of 5.5 million yuan for the year 2024 [1] - The transaction is subject to approval from relevant national and local authorities and will be included in the company's consolidated financial statements upon completion [1] - The acquisition is expected to enhance the company's core competitiveness and diversify its product line [1]