Group 1 - The Federal Reserve's Daly indicates that the timing for interest rate cuts is approaching, with the likelihood of more than two cuts this year being higher [1] - South Africa's trade and foreign affairs department warns that the 30% tariffs imposed by the US on South African goods could severely impact the economy, potentially leading to the loss of approximately 30,000 jobs [2] - The Bank of Japan's meeting minutes reveal that some members are considering the possibility of resuming interest rate hikes once trade issues stabilize [3] Group 2 - The Dow Jones Industrial Average rose by 585.06 points, closing at 44,173.64, an increase of 1.34% [4] - COMEX gold futures increased by 0.85% to $3,428.60 per ounce, while silver futures rose by 1.40% to $37.45 per ounce [5] - The 2-year US Treasury yield fell by 2.70 basis points to 3.671%, while the 10-year yield decreased by 2.35 basis points to 4.196% [5]

Group 1: Employment and Economic Indicators - The latest non-farm payroll data from the U.S. Labor Department shows a significant decline, with July's unemployment rate rising by 0.1 percentage points to 4.2%, and only 73,000 new jobs added, below the expected 110,000 [1] - Moody's chief economist Mark Zandi warns that the U.S. economy is on the brink of recession, with stagnating consumer spending and shrinking construction and manufacturing sectors, indicating potential job market weakness [2] - The ISM manufacturing PMI for July unexpectedly dropped to 48, marking a nine-month low, primarily due to decreasing orders and worsening employment conditions [3] Group 2: Trade and Tariff Policies - A report from Yale University indicates that the average effective tariff rate in the U.S. has reached 18.3%, the highest level since 1934, as U.S. tariff policies continue to evolve [1] - The OPEC statement reveals that eight major oil-producing countries will increase production by an average of 547,000 barrels per day in September [5] Group 3: Banking Sector Resilience - The European Banking Authority (EBA) reports that EU banks are sufficiently resilient to withstand economic shocks from geopolitical tensions and trade disputes, with no banks violating core capital requirements [5]

Group 1 - The "Big and Beautiful" tax and spending bill proposed by President Trump faces delays in the Senate, with a vote postponed to June 30, and is estimated to increase U.S. national debt by $3.3 trillion over the next decade according to the Congressional Budget Office [1] - The U.S. Treasury Secretary stated that there is no reason to increase the issuance of long-term national debt given current yield levels, but hopes for a decline in yields as inflation slows [1] - The European Central Bank maintains a 2% inflation target and considers the harmonized consumer price index (HICP) as an appropriate measure, while also suggesting the inclusion of owner-occupied housing costs in inflation statistics [3] Group 2 - Germany's June CPI rose by 2% year-on-year, reaching the European Central Bank's target level for the first time in nearly a year [4] - The U.S. Federal Reserve official reiterated expectations for a rate cut this year, with three rate cuts anticipated next year [2] - The U.S. White House announced the resumption of trade negotiations with Canada following the cancellation of the digital services tax [1]