EUR/USD
1.14403
0.175%
Gold
4040.57
-0.300%
Oil
79.473
0.407%
USD/JPY
162.068
-0.119%
GBP/USD
1.34066
0.121%
GBP/JPY
217.283
0.000%
Real-time News
Futures Commentary by Everbright Futures: US inflation data fell short of expectations, easing concerns about interest rate hikes. Overnight, London spot gold prices fluctuated and strengthened, with COMEX July gold futures closing up 1.6% and SHFE gold up 0.89%. 1. US June CPI rose 3.5% year-on-year, a significant slowdown from Mays 4.2% increase; June core CPI rose 2.6% year-on-year, lower than the market expectation of 2.8% and the previous value of 2.9%. This further delayed market expectations for a Fed rate hike, weakening the dollar and pushing gold prices higher. However, the US-Iran conflict shows no signs of easing, the risk of navigation in the Strait of Hormuz remains, and oil prices and inflation stickiness may lead to fluctuations in July data. Last night, Warsh made his congressional debut, stating that even with Trumps criticism, he would act according to the data, and the June CPI slowdown does not mean the inflation "mission is accomplished." 2. Overall, gold prices have been mainly weak and corrective, influenced by geopolitical disturbances, recurring inflation, and Warshs hawkish stance. This indicates that the current bottoming-out range for gold is not stable. With geopolitical factors and Fed policies intertwined, there is significant divergence between bulls and bears, and caution is still advised.July 15th - According to data from the National Bureau of Statistics, in the first half of the year, the national online retail sales of goods and services reached 10,071.5 billion yuan, a year-on-year increase of 5.2%. Among them, online retail sales of goods reached 6,429.6 billion yuan, an increase of 4.8%; within online retail sales of goods, food, clothing, and daily necessities increased by 16.8%, 6.2%, and 1.3% respectively. Online retail sales of services reached 3,641.9 billion yuan, an increase of 6.0%.According to the National Bureau of Statistics, in the first half of the year, investment in high-tech industries increased by 4.6% year-on-year, with investment in the aviation, spacecraft and equipment manufacturing, computer and office equipment manufacturing, and information services industries increasing by 23.3%, 8.1%, and 15.5% year-on-year, respectively.July 15th - According to data from the National Bureau of Statistics, in the first half of the year, by location of business, urban retail sales of consumer goods reached 21,550.6 billion yuan, a year-on-year increase of 1.2%; rural retail sales of consumer goods reached 3,321.6 billion yuan, an increase of 2.5%. In June, urban retail sales of consumer goods reached 3,684.4 billion yuan, a year-on-year increase of 0.8%; rural retail sales of consumer goods reached 584.7 billion yuan, an increase of 2.1%. By consumption type, in the first half of the year, retail sales of goods reached 22,046.7 billion yuan, a year-on-year increase of 1.1%; catering revenue reached 2,825.5 billion yuan, an increase of 2.8%. In June, retail sales of goods reached 3,792.4 billion yuan, a year-on-year increase of 0.9%; catering revenue reached 476.7 billion yuan, an increase of 1.2%. By retail format, in the first half of the year, among retail enterprises above the designated size, convenience stores and supermarkets saw year-on-year increases of 6.6% and 3.8% respectively; specialty stores, department stores, and brand specialty stores saw decreases of 1.5%, 2.1%, and 8.7% respectively.July 15th - The national average urban surveyed unemployment rate for the first half of the year was 5.2%. In June, the national urban surveyed unemployment rate was 5.0%, a decrease of 0.1 percentage points from the previous month. The surveyed unemployment rate for local registered laborers was 5.0%; the surveyed unemployment rate for migrant workers was 4.9%, of which the surveyed unemployment rate for migrant agricultural laborers was 4.8%. The urban surveyed unemployment rate in 31 major cities was 5.0%, a decrease of 0.1 percentage points from the previous month. The national average weekly working hours for employees in enterprises was 48.2 hours. At the end of the second quarter, the total number of rural migrant workers was 192.27 million, an increase of 0.5% year-on-year.
