Morning briefing from Futu: Powell's dovish comments pave the way for a rate cut in September; US stocks skyrocketed overnight, with Nvidia rising over 12% in one night.
The US Treasury Department maintains the same scale of quarterly long-term bond issuance and reiterates that it will not increase issuance in the next few quarters; the Fed releases a rate cut signal, and US stocks, US bonds, crude oil, gold, and the Japanese yen rise, and the market's expectation of a rate cut heats up; bank governors raise interest rates and the authorities confirm intervention: the yen exchange rate rebounds to a four-month high.
Weekly Preview: Global markets focus on US and Japanese central bank interest rate decisions; technology giants such as Apple and Microsoft release financial reports.
The global economic data feast is coming: heavyweight data such as the US non-farm payrolls for July, Japan's unemployment rate for June, Eurozone's CPI rate for July, and China's official manufacturing PMI for July.
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