EUR/USD
1.14086
0.345%
Gold
4103.67
1.234%
Oil
84.070
-5.053%
USD/JPY
163.549
-0.182%
GBP/USD
1.33560
0.264%
GBP/JPY
218.444
0.082%
Real-time News
On July 27th, Yu Weining, Chief Statistician of the Industrial Statistics Department of the National Bureau of Statistics, interpreted the data, stating that in the first half of the year, against the backdrop of stable industrial production growth and a continued rebound in industrial product prices, the operating revenue of industrial enterprises above designated size increased by 6.5% year-on-year, 1.5 percentage points faster than in the first quarter. The accelerated growth in operating revenue led to a 18.7% year-on-year increase in profits for industrial enterprises above designated size, 3.2 percentage points faster than in the first quarter. Looking at the three major sectors, profits in the mining and manufacturing industries increased by 33.5% and 20.1% respectively, accelerating by 17.3 and 1.0 percentage points respectively compared to the first quarter; while profits in the production and supply of electricity, heat, gas, and water decreased by 4.2%. In June, the profits of industrial enterprises above designated size nationwide increased by 15.1% year-on-year.As of 09:30 Beijing time, WTI crude oil futures fell 5.92% and U.S. natural gas futures fell 1.80%.The Peoples Bank of China announced today that it conducted 325.5 billion yuan of 7-day reverse repurchase operations, with a bid amount of 325.5 billion yuan and a winning bid amount of 325.5 billion yuan. The operation rate was 1.40%, unchanged from the previous rate.July 27th - NVIDIA today posted on its official blog that as engineering teams dedicate themselves to developing increasingly complex CPUs, GPUs, and AI systems, the complexity of modern chip design is constantly increasing. To address this challenge, NVIDIA is collaborating with Kadden Electronics and Synopsys to optimize critical electronic design automation (EDA) applications for the NVIDIA Vera CPU. NVIDIA is currently deploying Vera in its EDA workflows for developing next-generation CPUs and GPUs, demonstrating how high-performance CPU architectures can help accelerate some of the industrys most challenging engineering workloads. Looking ahead, NVIDIA plans to launch the next-generation Rosa processor based on Vera, featuring the NVIDIA Rigel core, while continuing to optimize EDA applications across its CPU roadmap.On July 27th, futures market news reported a sharp decline in crude oil prices in early trading. SC crude oil fell by over 7%, while low-sulfur fuel oil (LU) and regular fuel oil fell by over 6%. A research report from Everbright Futures pointed out that, overall, the escalating tensions between the US and Iran, along with the rising situation in the Red Sea, have constrained energy supply in the Middle East, significantly hindering the export of Middle Eastern crude oil. Against this backdrop, oil prices have risen for three consecutive weeks, rebounding nearly 40% from their lows. However, as overseas oil prices rise to near the $100/barrel mark, upward pressure is emerging. Although mediators are working to achieve a temporary ceasefire between the US and Iran and bring them back to the negotiating table, the process is destined to be fraught with difficulties. Overall, it is certain that the supply shock will continue, but the marginal effect on the market is diminishing, and it will not simply replicate the trend of the second quarter. What is uncertain is the difficulty in predicting the pace of the price reversal brought about by the TACO reversal. Therefore, currently, oil prices are experiencing increased volatility, and the temporary decline in risk appetite may lead to a short-term price correction, before a return to rising risk premiums once the geopolitical narrative becomes clearer. (This content and opinion are for reference only and do not constitute any investment advice.)
