Futu Morning Briefing | US Consumer Price Index Returns to the "2 Era", Market Doves Expectations Have Converged; Berkshire, Bridgewater, and Hillhouse Second Quarter Holdings Exposed.
"New US Federal Reserve News Agency": The way for an interest rate cut in September has been paved, with the focus on the scale of the cut; Bridgewater Associates slashed its holdings in Apple by more than 70% in the second quarter, reduced its shareholding in Nvidia, and increased its positions in Amazon and Microsoft; Hillhouse Capital Management significantly increased its holdings in Alibaba in the second quarter, and PDD Holdings remains its number one heavy stock, while increasing its shareholding in Nvidia.
Fed's Gurrelsby: Increasingly concerned about employment issues rather than inflation.
Concerns about the labor market outweigh concerns about inflation.
US stock market closed | S&P 500 rose for five consecutive days, Apple rose for six consecutive days, while Tesla fell more than 3%.
The China concept stocks index fell 1.63%, bilibili fell more than 6%, nio inc and Xiaopeng fell more than 4%, Tencent ADR fell more than 3%.
"New American Union News Agency": The way for interest rate cuts in September has been paved, and the focus is on the scale of interest rate cuts.
Timiraos said that a rate cut is almost inevitable and the focus of the September meeting will shift to whether the rate cut decision is unanimous and whether it will be a 25 or 50 basis point cut. The reason why the size of the rate cut may become a topic of discussion is because the recent US labor market has shown signs of potential weakness. Therefore, even if the inflation data is not as moderate as the Fed expected, the reason for the rate cut in September has become more justifiable. He believes that moderate inflation data may make it more likely for there to be three rate cuts this year.
The latest inflation data trends are diverging among multiple countries, and the expectation of a preemptive interest rate cut by the Federal Reserve is increasing.
According to China Securities Journal, on August 14th, several Western countries including the USA, United Kingdom, and France released their latest inflation data. Among them, both UK and France's CPI growth rebounded in July compared to the previous month, while the USA's July non-seasonally adjusted CPI fell further to 2.9%.
Forex Today: Soft or Hard Landing? Upcoming US Data Will Have a Say