Market Events

▲Eurozone July ZEW economic sentiment index rises to -37.7, better than previous value

▲Germany's July ZEW economic sentiment index rises to 26.3, far exceeding expectations

▼Onshore RMB closed at 6.7668, appreciating 2 points from previous close

▲Hong Kong June composite CPI annual rate 2%, lower than expected 2.2%

▼ECB survey says banks will tighten lending standards further in Q3

TSMNVDAAAPL▲Taiwan June export orders surge 59.4% y/y, far exceeding expectations

BABAAAPLMSFT▲Shanghai H1 trade rose 18.6%, with exports topping 1 trillion yuan

OILBRENT▼Norway's June crude oil production preliminary value rises to 1.827 million barrels per day

GOLD▲Swiss gold imports rose 13.5% in June to 174 tonnes

▼Japan's 40-year government bond yield rises to 3.890%, hitting fresh high

UK 3-month wage growth excluding bonuses unchanged at 3.4% in May

Swiss watch exports up 11.2% YoY in real terms in June

KRWSKHYNIXSMSN▼Foreign investors selling Korean chip stocks boost won trading volume

Japan approves annual economic and fiscal plan, emphasizes central bank independence

▲Japan's 30-year government bond yield rises to 3.90%, hitting fresh high

▲Southbound funds net buy 3 billion yuan, boosting Hong Kong stock liquidity

SMSNSKHYNIX▼Korea Exchange initiates programmatic trading halt mechanism for KOSPI index

▼Offshore CNY overnight HIBOR falls to one-and-a-half month low

▲RBNZ industry factor inflation model rises 2.7% y/y in Q2

▲Shibor overnight and 7-day rates fall 3 bps

▲China to arrange 22 billion yuan to support scrapping and renewal of old operating trucks

SMSNSKHYNIXMU▼Korean stock market margin balance hits lowest since April, retail sentiment cools

▲China's central bank conducts 253 billion yuan 7-day reverse repos, rate unchanged at 1.40%

New Zealand Q2 CPI rises 1.5% QoQ, above 1.4% forecast

US 3-month Treasury auction bid-to-cover ratio rises to 3.0

GOLDBTC▲US 3-month Treasury auction allotment rate rises to 73.01%

GOLD▲US 3-month Treasury auction stops at 3.73%, down from 3.76%

BTCETHNVDAAAPLUS 6-month Treasury auction bid-to-cover ratio falls to 51.45%

▼UK 10-year bond yield rises to 5.025%, highest since July 14

▼Goldman Sachs says Turkey may tolerate faster lira depreciation

US June Conference Board leading index m/m flat, previous -0.1%

GOLDCanada June CPI cools to 2.8%, core inflation falls below 2%

Brazilian central bank survey: 2026 IPCA inflation expectation falls to 5.15%

Bank of Korea plans live CBDC transactions with 9 banks in September

State Council executive meeting: explore new social security model for flexible employment

▲Hong Kong Monetary Authority injects HK$417 million liquidity via discount window

Ministry of Finance plans to issue 60 billion yuan of 182-day discount treasury bonds

Bank of Israel minutes show it cut benchmark rate by 25bps to 3.5% on July 6

BABA▼China June urban youth unemployment rate holds at 14.9%

Eurozone construction output annual rate rises to 1.2% in May

▼Polish central bank signals possible another rate cut in 2026

▼ECB survey shows eurozone financing conditions have tightened further

GOLDSILVER▲Rising oil prices push market to raise expectations of BoE rate hikes

▲Turkish central bank survey shows end-year USD/TRY expectation rises to 51.55

German two-year bond yield rises to highest since July 2024

▲SOL spot ETF saw $948,200 net inflows last week

ETH▲Ethereum spot ETF saw $105 million net inflows last week, led by BlackRock

BTCMSTRETH▲Bitcoin spot ETF saw $75.67 million net inflows last week, with IBIT leading

SMSNSKHYNIX▼South Korea's KOSPI plunges 5%, AI-related trades face concentrated liquidation