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Kazakhstan plans to sell up to $300 million in foreign exchange from its oil fund in August.
Bernstein raised its price target for Apple (AAPL.O) from $350 to $370.
Global Chip LOF: This fund will be suspended from trading starting from the opening of the market on August 4, 2026, and will resume trading at 10:30 on August 4, 2026.
Bernstein raised its price target for Chevron (CVX.N) from $204 to $209.
The local governor stated that Russia launched an attack on the Dnipropetrovsk region of Ukraine, resulting in three deaths.
According to the New York Post, FIFA President Gianni Infantino will speak with U.S. Secretary of State Marco Rubio after 9 p.m. Eastern Time (9 p.m. Beijing Time).
GameStop (GME.N) extended its pre-market decline to 12%.
On August 3rd, E Fund Crude Oil LOF issued an announcement stating that its secondary market trading price has recently been significantly higher than its net asset value per unit, exhibiting a substantial premium. If the premium in the secondary market trading price does not effectively decrease by August 4th, 2026, the fund has the right to apply to the Shenzhen Stock Exchange for measures such as temporary intraday trading halts, extended trading halts, or continuous trading halts to warn the market of the risk. Specific details will be announced at that time.
Futures News, August 3rd: 1. Reason for the Charge: Due to disruptions in Middle Eastern fuel supplies leading to a significant increase in fuel prices, Maersk has decided to impose a temporary emergency fuel or energy surcharge on all inland transport in the Nordic region until further notice. 2. Effective Date and Scope: Effective from August 5th, 2026, for all store-to-door (SD) transport with a price calculation date of August 5th or later. Affected countries include Denmark, Norway, Sweden, Finland, Latvia, Estonia, and Lithuania. 3. Specific Rates: Denmark 10%, Sweden 6%, Norway 0%, Finland 5%, Lithuania 4%, Latvia 12%, Estonia 18%. 4. Additional Notes: Electric truck and rail transport are currently unaffected. Rates will be updated weekly as they change.
Ukrainian President Zelensky: He will appoint Ukraine's chief negotiator, Umerov, as the head of the External Intelligence Service.
According to Iranian reports, Iranian Foreign Minister Araqchi has arrived in Najaf, Iraq.
The Spanish Association of Automobile Manufacturers reported that Tesla (TSLA.O) new car registrations in Spain increased by 19.8% year-on-year from January to July, while overall electric vehicle registrations increased by 34.9%.
The Spanish Association of Automobile Manufacturers (SAAM) reported that Tesla (TSLA.O) saw a 81.3% year-on-year decline in new car registrations in Spain in July, down to 131 vehicles.
On August 3rd, when asked whether the Federal Reserve would be constrained by market levels in setting monetary policy, Fed Chair Williams replied, "Absolutely not," although the central bank is closely monitoring financial markets. Williams stated, "We must always conduct independent analysis, do our work diligently, and assess all factors affecting the economy and the outlook." Furthermore, Williams expressed optimism about the prospects of artificial intelligence, stating that recent fluctuations in the industry are not surprising. He pointed out that asset price volatility "is inevitable in this highly innovative and rapidly changing world, and we have experienced similar situations in the past." Regarding corporate borrowing to expand operations, he stated that current leverage levels are different from those that led to the financial crisis twenty years ago. "These companies are very profitable, so I am not too worried about the financial stability impact of leverage right now."
On August 3, AMEC announced that it expects its revenue for the first half of 2026 to be approximately RMB 6.691 billion, representing a year-on-year increase of approximately 34.89%; net profit attributable to owners of the parent company is expected to be between RMB 2.7 billion and RMB 2.9 billion, representing a year-on-year increase of 282.48% to 310.81%; and net profit excluding non-recurring gains and losses is expected to be between RMB 1 billion and RMB 1.2 billion, representing a year-on-year increase of 85.61% to 122.73%. In the same period last year, revenue was RMB 4.961 billion, net profit attributable to owners of the parent company was RMB 706 million, and net profit excluding non-recurring gains and losses was RMB 539 million.
European Commission President Ursula von der Leyen: More measures must be taken to strengthen borders.
European Commission President Ursula von der Leyen: It is unacceptable to put pressure on EU member states on the issue of immigration.
European Commission President Ursula von der Leyen: Cooperation with Morocco may be strengthened in areas such as border affairs and financial support.
On August 3rd, Federal Reserve Chairman Williams stated that he remains optimistic that inflationary pressures will gradually ease, but if this does not happen, the Fed will not hesitate to raise interest rates to ensure that price pressures return to the target level. In an interview with Reuters last Friday, Williams said that if energy prices and trade tariffs have peaked and the economy continues its robust momentum, "I think some of the major factors that have driven up inflation over the past year and a half will no longer play such a significant role, and some of the downward pressures we have previously observed should reappear." He added, "I am watching the core inflation data very carefully over the next few months to see if it aligns with the trend of inflation moving towards and continuing to decline toward 2%, thus ensuring that we can achieve our long-term stable 2% inflation target by 2028." He also stated, "I personally predict that inflation will decline somewhat in the second half of this year and further decline next year." Williams reiterated that the current interest rate policy stance is "in a favorable position" to bring inflation back to the target level. However, he pointed out, "If we are not on track to bring inflation down to 2%... then taking action to get us back on the 2% inflation track is entirely appropriate."
GameStop (GME.N) fell 3.1% in pre-market trading after the company announced it would conduct a private placement of $1.4 billion in convertible notes in exchange for shares.
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