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1.14318
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Gold
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Real-time News
On July 20th, the Ministry of Commerce held a national teleconference on July 17th to advance the mid-year work of the consumer goods trade-in program. The meeting summarized the progress and achievements of the policy implementation in the first half of the year and deployed key tasks for the next stage. The meeting emphasized that all regions and relevant departments should further enhance their political awareness, establish and practice a correct view of performance, and implement the consumer goods trade-in policy meticulously and effectively with a persistent and dedicated approach. They should further intensify their efforts, strengthen inter-departmental coordination, widely publicize the policy, and expand its coverage. They should also continuously enrich offline consumption scenarios, optimize the subsidy review and disbursement process, facilitate public participation in and enjoyment of the policy, and enhance the publics sense of gain.Preliminary plans indicate that Angola will load 34 tankers of crude oil in September, compared to 35 tankers planned for August.On July 20th, Citigroup strategists stated that the widely discussed "Big Seven" tech concept is "no longer applicable" in assessing investment opportunities in the US AI sector. The strategy team, led by Scott Chronert, suggested that investors should turn their attention to a broader range of stocks that have consistently been major drivers of earnings growth and share price increases for the S&P 500. They recommended focusing on the so-called "growth cluster," a group that includes not only large-cap tech stocks but also most companies benefiting from AI infrastructure development. Chronert stated that this group accounts for more than half of the S&P 500s total market capitalization and contributes nearly 48% of earnings. After driving the S&P 500 to record highs in recent years, the "Big Seven" tech index is projected to underperform the market by 2026 as investors favor sectors expected to benefit from massive AI capital expenditures.July 20th - According to the Guangzhou Railway Bureau, due to rainfall in parts of Hunan Province, and to ensure the safety of passenger train operations, train schedules will be continuously adjusted based on the affected area. From July 20th to 21st, some trains on the Beijing-Guangzhou Railway and the Shanghai-Kunming Railway are scheduled to be suspended. Please check the 12306 website (App) for specific train cancellations. The railway department will continue to dynamically adjust train schedules based on the rainfall situation. Passengers with travel needs are advised to pay close attention to announcements on the 12306 website and at stations to plan their trips accordingly.The EU has stated that it has filed charges against several companies and multiple trade associations in France, Germany, and Spain.
