Real-time News

As of 09:30 Beijing time, WTI crude oil futures rose 1.00%, while US natural gas futures fell 0.22%.

N Jialichuang opened 177.47% higher, reaching a market capitalization of 130 billion yuan.

The People's Bank of China (PBOC) announced today that it conducted 46.5 billion yuan of 7-day reverse repurchase operations, with both the bid and winning bids amounting to 46.5 billion yuan. The operating rate was 1.40%, unchanged from the previous rate.

Futures News, August 4th: Following the easing of tensions between the US and Iran, crude oil prices declined, dragging down fuel oil costs and prompting downstream traders to adopt a cautious approach to high-priced purchases. Today, the news regarding low-sulfur asphalt futures offered limited support, but on the supply and demand side, increased coking plant operating rates and reduced residual oil supply provided some support to the market. It is expected that domestic fuel oil negotiations will remain largely stable today, with some potential for price reductions to encourage increased supply.

According to JLC Network Technology's calculations, as of the second working day of August 4th, the average price of benchmark crude oil was $84.73 per barrel, with a change rate of -5.23%. Domestic gasoline and diesel retail prices should be reduced by 240 yuan per ton. The adjustments are based on: 1. the domestic crude oil import structure and settlement benchmark varieties; 2. the possibility of slight adjustments based on import structure and other factors during the pricing mechanism's operation, which JLC Network Technology will revise accordingly; 3. at 24:00 on July 31st, domestic gasoline and diesel retail prices were increased by 685 and 655 yuan per ton respectively. Based on the "ten working days" principle, the adjustment window for this round is 24:00 on August 14th.

As of 8:30 on August 4, 2026, WTI crude oil, Brent crude oil and other commodities saw the largest fluctuations. A chart reviews the overnight price changes in the international market and their corresponding theoretical mappings in the domestic market.

As of 8:30 AM Beijing time, spot platinum was up 0.06% and spot palladium was down 0.06%.

Futures News, August 4th: Market concerns eased, international oil prices fell, and cost support weakened, leading to a generally weak PX market today. The short-term PX tightness situation continues, with supply and demand remaining favorable.

Futures News, August 4th - According to foreign media reports, the Malaysian Derivatives Exchange (BMD) crude palm oil market is likely to open lower on Tuesday morning, mainly reflecting further declines in international crude oil futures. Brent crude futures fell to a three-week low on Monday after US President Trump canceled a new round of attacks on Iran. Oil prices fell further during Tuesday's electronic trading session, which will drag down the early performance of Malaysian crude palm oil futures. The Malaysian Palm Oil Board (MPOB) will release monthly data on August 10th. A survey shows that Malaysian palm oil exports will surge 14.8% month-on-month in July, production will increase by 7.4%, and inventories will rise to a five-month high. Strong Malaysian palm oil exports will provide some support to the palm oil market.

Amazon (AMZN.O) fell nearly 2% in after-hours trading.

Market news: Amazon (AMZN.O) founder Jeff Bezos sold $4.07 billion worth of stock.

Market news: Japanese IT services provider NTT Data is considering investing approximately $9 billion in Japan's data center sector.

August 4th - According to Nikkei, the Japanese government's proposal to reduce the food consumption tax to 1% starting next April for a period of two years was approved by the ruling party's main committee on Monday, taking a step closer to fulfilling its campaign promise, although the source of funding remains uncertain. Itsunori Onodera, chairman of the Tax System Committee, stated that the Liberal Democratic Party's Tax System and Social Security Committee has passed the draft. It is expected to be submitted to the party's highest decision-making body for deliberation as early as Wednesday. Prime Minister Sanae Takaichi's government hopes to obtain cabinet approval at the beginning of the month and submit the relevant bill to the extraordinary session of the Diet in the autumn. The proposal aims to lower the tax rate from 8% to 1% starting in April. Starting in June, approximately 600 billion yen (about US$3.82 billion) in cash subsidies will be distributed annually to low- and middle-income families, with the amount fluctuating according to income levels. Takaichi has not yet specified the specific source of funding to fill the consumption tax revenue gap. The government plans to utilize non-tax revenue, tax revenue growth, and funds saved from reviewing tax incentives and subsidy policies.

According to Nikkei: Japan's ruling party is close to lowering the food tax rate from 8% to 1%.

On August 4th, the U.S. Centers for Disease Control and Prevention (CDC) confirmed on August 3rd that Michigan had reported two deaths related to cyclosporidiosis. Both victims had serious underlying health conditions. This is the first reported death related to cyclosporidiosis since its widespread outbreak in the U.S. in May of this year.

Snap (SNAP.N) shares rose more than 9% in after-hours trading.

Snap (SNAP.N) expects third-quarter revenue of $1.7 billion to $1.74 billion.

Snap (SNAP.N) reported revenue of $1.6 billion for Q2 2026, compared to market expectations of $1.541 billion and $1.345 billion in the same period last year.

On Semiconductor (ON.O) reported Q2 2026 revenue of $1.6 billion, compared to market expectations of $1.59 billion; it expects Q3 revenue to be between $1.65 billion and $1.75 billion, compared to market estimates of $1.67 billion.