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Editor | Seven three

US stocks rose

U.S. stocks rose across the board on Monday as the market focused on the attack on former U.S. President Trump, while hopes of a rate cut by the Federal Reserve also boosted market sentiment.

As of the close, the Dow Jones Industrial Average rose 210.82 points, or 0.53%, to 40,211.72 points, the Nasdaq rose 0.40% to 18,472.57 points, and the S&P 500 rose 0.28% to 5,631.22 points. The Russell 2000 rose 1.8%, hitting its highest level since 2022.

In terms of individual stocks, Goldman Sachs rose 2.6%. Benefiting from better-than-expected debt underwriting and fixed income trading, the bank's second-quarter profits doubled, and drove the S&P 500 financial sector up more than 1%.

Apple rises 1.7% to a record high, the tech giant was previously listed as a top pick by Morgan Stanley, which believes that the launch of a full-line artificial intelligence platform will trigger a record wave of users upgrading their smartphones, tablets and computers.

Other star technology stocks rose and fell, with Google up 0.8%, Microsoft up 0.1%, Meta down 0.5%, Nvidia down 0.6%, and Amazon down 0.9%.

Macy's fell 11.7% after the department store chain ended takeover talks with Arkhouse Management and Brigade Capital.

Boosted by optimistic election prospects, Trump Media surged 31.4%.

The solar sector came under pressure, with SolarEdge Technologies plunging more than 15% as the prospect of Trump's election lowered expectations for U.S. renewable energy subsidies.

Fed Chairman Powell said at a public event that the second quarter economic data made policymakers more confident that inflation could continue to move toward the 2% target. Powell mentioned three latest inflation data (including last week's data), but he made it clear that he did not intend to send any specific signals about the timing of a rate cut.

Market expectations for the Federal Reserve to cut interest rates remain high. Federal funds rate futures pricing indicates a 25 basis point rate cut in September and two rate cuts in 2024.

Medium- and long-term U.S. Treasury yields fluctuated narrowly. The two-year U.S. Treasury bond, which is closely related to interest rate expectations, fell 0.5 basis points to 4.45%, while the benchmark 10-year U.S. Treasury bond rose 4.5 basis points to 4.23%. Investors are worried that Trump's policy stance will increase inflationary pressure and government debt.

In terms of economic data, the New York Fed said on Monday that the regional manufacturing business conditions index fell 0.6 points month-on-month to -6.6 in July, contracting for the eighth consecutive month. Among the sub-indicators, the new order index rose slightly and shipments also improved slightly, but the labor market conditions remained weak.

As earnings season begins, tech giants need to justify their high valuations, and attention is also focused on whether temporarily lagging industry sectors can turn around.

International oil prices fell slightly as the market weighed the outlook for summer energy demand and geopolitical situations. The nearest month contract for WTI crude oil fell 0.36% to $81.91 per barrel, while the nearest month contract for Brent crude oil fell 0.21% to $84.85 per barrel.

International gold prices fluctuated upward, and expectations of interest rate cuts continued to boost buying. The COMEX gold futures contract for July delivery on the New York Mercantile Exchange rose 0.37% to $2,422.90 per ounce.

Overseas Hotspots

FBI officials said on the 14th that the current investigation believes that the gunman who attacked former President and Republican Trump acted alone and his motive is still unclear.

The Republican Party of the United States officially nominated Trump as the party's presidential candidate

According to CCTV News, on July 15, local time, at the Republican National Convention in Milwaukee, Wisconsin, a Republican representative announced that Trump would participate in this year's US presidential election as the Republican presidential candidate. Subsequently, at the Republican National Convention, former US President Trump obtained enough votes from Republican delegates and was officially nominated as the party's presidential candidate for the 2024 election.

The Republican Party officially nominates Vance as its vice presidential candidate

On the 15th local time, the Republican National Convention officially approved James David Vance as the Republican vice presidential candidate. Earlier that day, former US President Trump announced at the Republican National Convention in Milwaukee, Wisconsin that Ohio Senator James David Vance (J.D. Vance) would run in the 2024 presidential election as his vice presidential candidate.

Image source: CCTV News

Fed Chairman: Fed wants to be confident inflation is falling

According to CCTV News, on July 15, local time, U.S. Federal Reserve Chairman Powell was interviewed at the Washington Economic Club event and expressed his views on current inflation data and economic conditions. Powell said that recent data has strengthened people's confidence in falling inflation. If the Fed waits until the inflation rate reaches 2% before cutting interest rates, it will wait too long, but the Fed is waiting for more good data to confirm that inflation is falling.

Russia's central bank suspends publication of OTC foreign exchange market data

According to CCTV News, the Russian Central Bank issued an announcement on the 15th that in order to reduce the impact of sanctions, the Russian Central Bank will suspend the publication of daily over-the-counter trading volume information of the US dollar, euro and RMB against the ruble settled on T+1. The announcement also emphasized that the procedures for calculating and publishing the official exchange rates of foreign currencies against the ruble remain unchanged.

The European Council issued a statement saying that it has decided to extend sanctions against Iran until July 27, 2025. The statement said that in view of Iran's support for Russia in the Russian-Ukrainian conflict and its military support for armed groups and entities in the Middle East and the Red Sea region, the European Council decided to extend sanctions against it. It is said that the current sanctions will continue to be reviewed once a year. Currently, the sanctions target 12 individuals and 9 entities in Iran.

On the 15th local time, Syria held a parliamentary election, with 1,516 candidates from different political parties and independent candidates competing for 250 parliamentary seats. The election was held in the area controlled by the Syrian government forces. At present, parts of Idlib, Raqqa, Hasakah, Deir ez-Zor, Aleppo and other provinces in northern Syria are still controlled by Syrian opposition forces or extremist organizations.

Financial News

According to the Ministry of Commerce website, the Ministry of Commerce spokesperson said that in order to safeguard the rights and interests of the development of China's new energy vehicle industry, on March 26, China brought the US "Inflation Reduction Act" related to new energy vehicle subsidies and other measures to the WTO dispute settlement mechanism. Since the US failed to reach a solution with China through consultations, on July 15, China requested the WTO to establish an expert group. The US "Inflation Reduction Act" uses the use of products from specific regions such as the United States as a subsidy premise, excludes products from WTO members such as China, artificially sets up trade barriers, and pushes up the cost of green energy transformation. No matter how it is packaged and beautified, it cannot change the nature of the discrimination, protectionism and violation of WTO rules of the subsidies involved. China is determined to advance the litigation process, which is a practical action to safeguard the authority and effectiveness of the multilateral trading system with the WTO at its core, and to safeguard the joint efforts of the international community to address climate change.

The National Development and Reform Commission and the National Energy Administration have formulated the "Action Plan for Low-carbon Transformation of Coal-fired Power (2024-2027)". It proposes to strengthen policy support and guarantee. For projects included in the national list of low-carbon transformation and construction projects for coal-fired power, on the basis of coordinating comprehensive operating costs, actual carbon reduction effects and various market benefits, explore the establishment of a sharing mechanism shared by the government, enterprises and users, and provide phased support policies.

The National Immigration Administration issued an announcement on July 15, starting from today, the 144-hour transit visa exemption policy will be implemented at the Zhengzhou air port in Henan Province, and the stay scope will be the administrative area of ​​Henan Province; the stay scope of the 144-hour transit visa exemption policy in Yunnan Province will be expanded from Kunming City to Kunming, Lijiang, Yuxi, Pu'er, Chuxiong, Dali, Xishuangbanna, Honghe, Wenshan and other 9 cities (prefectures) administrative regions. Three new ports, including Zhengzhou Xinzheng International Airport, Lijiang Sanyi International Airport and Mohan Railway Port, are added as ports applicable to the 144-hour transit visa exemption policy. It is understood that as of now, the National Immigration Administration has implemented the 144-hour transit visa exemption policy at 37 ports in Beijing, Tianjin and other places.

On July 15, China Business News reporter learned from China Railway Shanghai Bureau Group Co., Ltd. that on that day, the Yangtze River Delta G8388/9/8 "Super Loop" high-speed train ushered in the "full month" node. A total of about 110,000 passengers were sent, with an average passenger load factor of nearly 90%.

The General Office of the Shanghai Municipal Government recently issued the "Shanghai Action Plan for Promoting the Innovation and Development of Elderly Care Technology (2024-2027)", proposing that by 2027, a highland for elderly care technology innovation and industrial development will be initially built. One elderly care technology industrial park will be created, 1-2 high-quality incubators, 3-5 enterprise technology innovation centers, 1-2 R&D and testing public service platforms will be built, 5-10 leading enterprises will be introduced and cultivated, 5-10 elderly care technology product display and experience bases will be built, and a comprehensive platform for basic elderly care services in Shanghai will be initially built, serving more than 5 million elderly people annually.

Xiaomi will launch SU8? Wang Hua refutes the rumor: Fake

There are market rumors that Xiaomi will unveil SU8 on July 16, and the renderings of Xiaomi SUV have been released. In response, Wang Hua, general manager of Xiaomi's public relations department, refuted the rumor through Weibo, saying: "There is no SU8, it's fake!"

Bawang Tea apologizes for the incident of "public notices posted after partners resigned": the store manager and regional management manager involved are suspended for investigation

@霸王茶姬CHAGEE released a message on the evening of July 15th, saying that the company is highly concerned about the incident of "partners being posted after leaving" at the Yifeng Plaza store in Fugou, Zhoukou, Henan. The store's handling method was extremely inappropriate, and it had no right to publicize partner information, and the content was not in line with the company's values. The company has asked the store to "revoke the public notice" immediately and contact the partner together with the company to apologize and express condolences. The company has suspended the person in charge of the store and the person in charge of regional management for investigation, and set up a special team to go to the local area to verify information and circumstances, conduct an in-depth investigation and understanding of the matter, and announce the relevant situation to internal partners and the outside world after clarifying the facts.

On July 15, northbound funds sold a net of 2.94 billion yuan throughout the day, of which the Shanghai Stock Connect bought a net of 924 million yuan and the Shenzhen Stock Connect sold a net of 3.864 billion yuan. Among the top ten stocks with the largest trading volume, the top three in terms of net buying were Zijin Mining, China Molybdenum, and Montage Technology. The top three in terms of net selling were BOE A, Zhongji Innolight, and Midea Group.

On July 15, there were 31 stocks with institutional presence in the Dragon and Tiger List, 14 stocks showed institutional net buying, and 17 stocks showed institutional net selling. The top three stocks with institutional net buying on that day were Deye Shares, Jinyi Technology, and Beilong Precision. The top three stocks with institutional net selling on that day were Haiou Shares, Amway Shares, and Wencan Shares.

important Notice

ArcSoft: The actual controller proposed to implement the 2024 interim cash dividend

Yifeng Pharmacy: Actual controller Gao Yi proposed to implement the 2024 interim dividend

Aviation Materials Co., Ltd.: The Chairman and Vice Chairman proposed to implement the 2024 interim dividend

Uni-T: The controlling shareholder proposes to implement the 2024 interim dividend

Aisen Shares: Actual controller Zhang Bing proposed to implement the 2024 interim dividend

Honghua Digital Technology: Actual controller Jin Xiaotuan proposed to implement the 2024 interim dividend

Opmai: Xiao Zhihua, the actual controller, proposed to implement the 2024 interim dividend

DAMO Data: Actual controller Feng Yucai proposed to implement the 2024 interim dividend

Xiechang Technology: Actual controller Gu Ting proposed to implement the 2024 interim dividend

Advanced Technology: Chairman Pan Yanqing proposed to implement the 2024 interim dividend

Yayun Shares: There is uncertainty as to whether major asset restructuring can be implemented

Fu Energy Holdings: The cumulative power generation in the first half of the year increased by 2.76% year-on-year

Bank of Xi'an: The chairman's qualifications have been approved by the regulatory authorities

Xinwanda: Plans to establish Vietnam Liwei and invest no more than 2 billion yuan to build a factory

Shengxing Shares: Plans to invest 107 million yuan to build three three-piece can production lines

Meijin Energy: The hydrogen energy trading platform has been developed and is expected to be put into operation in the fourth quarter

Public Transportation: The intelligent connected car model is still in the experimental stage and basically does not generate income for the company

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