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1. Monday: ① Data: Germanys July IFO Business Climate Index; UKs July CBI Retail Sales Balance; US June Durable Goods Orders (MoM); US July Dallas Fed Business Activity Index. 2. Tuesday: ① Data: US ADP Employment Change (Weekly) to July 11; US May FHFA House Price Index (MoM); US May S&P/CS 20-City Composite Home Price Index (YoY, Unadjusted); US July Conference Board Consumer Confidence Index; US July Richmond Fed Manufacturing Index. ② Event: Speech by RBA Governor Bullock. 3. Wednesday: ① Data: US API Crude Oil Inventories (Week Ending July 24); Australias June Unadjusted CPI (YoY); Switzerlands July ZEW Investor Confidence Index; UK June Bank of England Mortgage Approvals; US EIA Crude Oil Inventories (Week Ending July 24); US EIA Cushing, Oklahoma Crude Oil Inventories (Week Ending July 24); US EIA Strategic Petroleum Reserves (Week Ending July 24). ② Event: SK Hynix releases its Q2 financial report. 4. Thursday: ① Data: US Federal Reserve interest rate decision (to July 29); Frances preliminary Q2 GDP annual rate; Switzerlands July KOF Leading Economic Index; Germanys preliminary Q2 unadjusted GDP annual rate; Eurozones preliminary Q2 GDP annual rate, Eurozones June unemployment rate, Eurozones July industrial sentiment index, Eurozones July economic sentiment index; UK Bank of England interest rate decision (to July 30); Germanys preliminary July CPI monthly rate; US initial jobless claims for the week ending July 25; US June core PCE price index annual rate; US June personal spending monthly rate; US preliminary Q2 real GDP annualized quarterly rate; US preliminary Q2 real personal consumption expenditure quarterly rate; US preliminary Q2 core PCE price index annualized quarterly rate; US June core PCE price index monthly rate; US EIA natural gas storage for the week ending July 24. ② Events: The Bank of Canada releases its monetary policy meeting minutes; the Federal Reserve FOMC announces its interest rate decision and Fed Chairman Warsh holds a monetary policy press conference [with simultaneous interpretation]; the Bank of England announces its interest rate decision, meeting minutes, and monetary policy report, and Bank of England Governor Bailey holds a monetary policy press conference. ③ Earnings Reports: Meta, Microsoft, Qualcomm, and ARM will release their Q2 2026 earnings reports after the US stock market closes on July 29. 5. Friday: ① Data: Japans June unemployment rate; Chinas July official manufacturing PMI; UKs July Nationwide house price index month-on-month; Switzerlands June real retail sales year-on-year; Frances July CPI month-on-month preliminary reading; Germanys July seasonally adjusted unemployment figures and July seasonally adjusted unemployment rate; Eurozones July CPI year-on-year preliminary reading and Eurozones July CPI month-on-month preliminary reading; Canadas May GDP month-on-month; US Q2 labor cost index quarter-on-quarter; US July Chicago PMI; US July University of Michigan consumer sentiment index final reading; US July one-year inflation rate expectation final reading; Japans target interest rate until July 31. ② Events: A new round of price adjustments for domestic refined oil products will begin; the Bank of Japan will announce its interest rate decision and economic outlook report, and Bank of Japan Governor Kazuo Ueda will hold a press conference on monetary policy. ③ Earnings Reports: Amazon and Apple will release their earnings reports after the US stock market closes on July 30. 6. Saturday: ① Data: Total number of US oil rigs for the week ending July 31. 7. Sunday: ① Events: OPEC+ oil-producing countries will hold their monthly meeting on oil policy.July 26 - To effectively carry out emergency disaster relief work following Typhoon Noul, the Guangdong Provincial Department of Finance and the Provincial Emergency Management Department urgently allocated 50 million yuan in provincial-level natural disaster relief funds on July 26. This funding will support disaster-stricken areas such as Huizhou, Shanwei, Jieyang, Meizhou, and Heyuan in emergency rescue and relief efforts, procurement and storage of relief supplies, investigation and emergency response to secondary disaster risks, and reconstruction of damaged housing. The aim is to minimize the impact of the disaster and ensure the safety of life and property of affected people.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 4.8 occurred at 20:36 on July 26 in the sea area near Yilan County, Taiwan (24.90 degrees north latitude, 121.87 degrees east longitude). The final result is subject to the official rapid report.On July 26th, the TP200, Chinas first domestically developed multi-functional long-endurance unmanned aerial vehicle (UAV) designed according to airworthiness requirements, successfully completed its maiden flight in Yantai, Shandong. Developed independently by Yitong UAV, the TP200 demonstrated stable and controllable attitude during the test flight, with climb altitude and cruise speed meeting design specifications. Specifically designed for long-endurance high-altitude operations, the TP200 boasts a full-load endurance exceeding 24 hours. Unlike traditional single-function UAVs, the TP200s design incorporates flexible adaptability to multiple mission payloads. Its modular, multi-configuration design allows for rapid switching of operational modes based on mission requirements, effectively addressing industry challenges such as low equipment reuse rates, poor equipment versatility, and high procurement and maintenance costs. This will drive the widespread adoption of large-scale unmanned aerial vehicles (UAVs) from specialized applications to large-scale government and civilian markets.July 26 - Xiyin International Holdings Limited updated its post-hearing information set, indicating that its Hong Kong Stock Exchange IPO has passed the hearing.

Owning Government Officials From Working on Regulation

Cory Russell

Jul 07, 2022 16:31

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Government personnel who actively engage in cryptocurrencies or are discovered to be in possession of any are prohibited from taking part in the creation of legislation and policies pertaining to cryptocurrencies, according to a recent directive from the US Office of Government Ethics.

With Some Exceptions

Additionally, the advisory notice made clear that even if the restriction is in effect, it only does so with a de minimis exception.


Owners are still able to invest in cryptocurrencies via publicly listed shares and mutual funds of businesses offering cryptocurrency and blockchain services because to this exception. Stablecoins and all other forms of cryptocurrency are included.


Government personnel are still permitted to acquire cryptocurrencies; but, doing so will prevent them from contributing to the development of crypto-related regulations.


They may still work on such initiatives, however, provided they divert their cryptocurrency holdings into other financial opportunities.


The notification went on to further describe the situation, saying "An employee may not engage in a specific topic if the employee understands that particular item might have a direct and predictable influence on the value of their cryptocurrency or stablecoins."


However, even for those who are permitted to invest in cryptocurrency-related stock index listings, a $50k threshold has been imposed over which the de minimis exemption is no longer applicable.

Crypto investors suffer a loss

The cryptocurrency market isn't in the greatest of health right now, even if the Biden administration is concentrating on creating laws for cryptocurrencies after the POTUS issued an executive order for the same.


The continued bearishness is having an impact on cryptocurrency firms as the overall market value of all cryptocurrencies is struggling to reach $1 trillion.


Voyager Digital has filed for Chapter 11 bankruptcy a week after stopping the platform's withdrawal, trading, and deposit services after Harmony almost went bankrupt a while back.


Thus, even without the US GOE's decision, it would only have taken these investors a little longer to leave the market, similar to how many other investors are already doing.