Market Overview - Chinese markets opened high but closed lower, with financial stocks dragging down the index while pharmaceutical stocks remained strong[3] - European markets were subdued due to tariff concerns and rumors regarding Trump's potential dismissal of Powell, leading to a decline in major indices[3] - U.S. markets experienced volatility due to the same rumors, but recovered after Trump denied plans to fire Powell, bringing indices close to historical highs[3] Commodity and Forex - Following Trump's denial, international gold prices retracted some gains, with New York futures closing up 0.67% at $3,359.1 per ounce[26] - Oil prices fell slightly, with New York crude down 0.21% to $66.38 per barrel, influenced by inventory data[26] - The U.S. dollar index decreased by 0.2% to 98.39, while the euro appreciated by 0.3% against the dollar, reaching 1.164[25] Fixed Income - U.S. Treasury yields rose sharply due to rumors about Powell's job security, with the 10-year yield at 4.46% after a drop of 2.6 basis points[29] - Asian bond markets showed resilience, with investment-grade bond spreads narrowing by 1-4 basis points[29] Key Economic Indicators - U.S. June PPI remained unchanged, below the expected increase of 0.2%, alleviating inflation concerns[8] - The European Commission proposed a nearly €2 trillion budget for 2028-2034, indicating significant fiscal planning ahead[5] Sector Performance - In the U.S., healthcare stocks led gains with an increase of 1.22%, driven by strong earnings from Johnson & Johnson, which saw a 6.19% rise in stock price[8] - In the A-share market, healthcare and non-daily consumer goods sectors both rose by 0.6%, while financials fell by 0.4%[16] Notable Stocks - Goldman Sachs reported a 22% year-on-year increase in Q2 net profit to $3.72 billion, exceeding market expectations, primarily driven by a 36% rise in stock trading revenue[7] - The largest IPO in A-share this year, Huadian New Energy, surged 125.79% on its debut, reaching a market cap of approximately ¥300 billion[16]