EUR/USD
1.14342
-0.016%
Gold
4176.91
0.051%
Oil
68.467
-0.370%
USD/JPY
161.542
0.113%
GBP/USD
1.33477
-0.035%
GBP/JPY
215.626
0.078%
Real-time News
On July 6th, Yin Hejun, Secretary of the Party Leadership Group and Minister of Science and Technology, pointed out the need to promote the deep integration of scientific and technological innovation and industrial innovation, and accelerate the construction of a modern industrial system. This includes accelerating the technological transformation and upgrading of traditional industries and large-scale equipment renewal, optimizing industrial layout, strengthening standards leadership, and enhancing internationalization. It also involves accelerating the development of strategic emerging industry clusters such as new energy, new materials, aerospace, and low-altitude economy. Furthermore, it requires forward-looking planning for future industries, focusing on promoting quantum technology, biomanufacturing, hydrogen energy and nuclear fusion energy, brain-computer interfaces, embody intelligence, and sixth-generation mobile communication as new economic growth points. The document emphasizes strengthening the leading role of enterprises in scientific and technological innovation, accelerating the cultivation and expansion of leading technology enterprises, strengthening enterprise-led industry-university-research integration innovation, and supporting enterprises in leading the formation of innovation consortia. It also calls for accelerating the efficient transformation and application of major scientific and technological achievements, establishing concept verification and pilot-scale verification platforms, and increasing the construction and open sharing of application scenarios. Finally, it stresses the need to accelerate the development of science and technology finance, supporting capital investment in early-stage, small-scale, long-term, and hard-tech industries.July 6th - Oil prices fell as OPEC+ decided to increase production again. Following an online meeting on Sunday, the organization announced it would increase production by approximately 188,000 barrels per day in August, marking the fifth consecutive month of increases. However, analysts at ANZ Bank Research stated in a report, "Even if the Strait of Hormuz reopens, member countries may find it difficult to utilize this additional capacity due to ongoing risks to vessels." The analysts noted, "Over the weekend, several vessels attempting to transit the Strait of Hormuz along the Oman route were observed suddenly turning back."1. my country successfully launched 15 satellites in polar orbit. 2. my countrys first integrated aerial survey aircraft successfully completed its maiden flight. 3. Foxconn: June sales reached NT$821.8 billion, a year-on-year increase of 52.1%. 4. Cui Dongshu of the China Passenger Car Association: The adjustment of vehicle and vessel tax is a landmark step in the implementation of the reform of equal rights for oil and electricity. 5. NASA Administrator Jared Isaacman flew a retro fighter jet to the Washington Air Show despite opposition from the Federal Aviation Administration. 6. Ming-Chi Kuo predicts that Apples foldable phone may be launched at the same event as other models, but will go on sale later, with supply shortages continuing until the end of the year. According to the Wall Street Journal, NASA Administrator Jared Isaacman flew a vintage fighter jet to the Washington Air Show despite objections from the Federal Aviation Administration (FAA). Isaacman had invited White House officials, including Treasury Secretary Bessenter, White House Deputy Chief of Staff Dan Scavino, and Trump senior advisor Chris Lacivita, to ride with him, but these arrangements were ultimately canceled.Key Events and Data Preview for This Week – Fed Meeting Minutes; Chinas June CPI and June Foreign Exchange Reserves; SK Hynix ADR Makes its US Stock Market Debut 1. Monday: ① Data: Switzerlands June seasonally adjusted unemployment rate; Eurozones July Sentix Investor Confidence Index, Eurozones May PPI (MoM), Eurozones May Retail Sales (MoM); US June S&P Global Services PMI (Final), US June ISM Non-Manufacturing PMI, US June Global Supply Chain Stress Index. ② Events: Speeches by Fed Governor Waller, ECB Executive Board Member Schnabel, ECB Governing Council Member Winsch, and Swedish Central Bank Deputy Governor Seim. 2. Tuesday: ① Data: Germanys May seasonally adjusted industrial production (MoM); UKs June Halifax seasonally adjusted house price index (MoM); Frances May trade balance; US ADP employment change for the week ending June 20, US May trade balance; Chinas June foreign exchange reserves. ② Events: Turkey hosts the NATO summit until July 8; the Office of the United States Trade Representative holds a public hearing to consider a proposal to impose additional tariffs on 60 economies worldwide. 3. Wednesday: ① Data: US API crude oil inventories for the week ending July 3; Japans May trade balance; New Zealands Reserve Bank of New Zealand interest rate decision for July 8; US May wholesale sales month-on-month rate; US EIA crude oil inventories for the week ending July 3; US EIA Cushing, Oklahoma crude oil inventories for the week ending July 3; US EIA Strategic Petroleum Reserve inventories for the week ending July 3. ② Events: EIA releases its monthly Short-Term Energy Outlook report; Reserve Bank of New Zealand Governor Brehman holds a monetary policy press conference. 4. Thursday: ① Data: US 10-year Treasury auction (ending July 8) - winning yield, US 10-year Treasury auction (ending July 8) - bid-to-cover ratio; Chinas June CPI year-on-year rate; Germanys May seasonally adjusted trade balance; US initial jobless claims for the week ending July 4; US June existing home sales (annualized); US EIA natural gas storage for the week ending July 3. ② Events: Federal Reserve releases monetary policy meeting minutes; European Central Bank releases June monetary policy meeting minutes; FOMC permanent voting member and New York Fed President Williams speaks. 5. Friday: ① Data: Germanys final June CPI month-on-month rate; Frances final June CPI month-on-month rate; Switzerlands June consumer confidence index; Canadas June employment change; Chinas June M2 money supply year-on-year rate. ② Events: SK Hynixs American Depositary Receipts (ADRs) are tentatively scheduled to list on Nasdaq on July 10; 2026 FOMC voting member and Dallas Fed President Logan speaks; IEA releases monthly oil market report. ③ Holiday: The New Zealand Stock Exchange is closed for one day. 6. Saturday: ① Data: Total number of oil rigs in the United States for the week ending July 10.
