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Gold
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Real-time News
On July 15th, Mao Shengyong, Deputy Director of the National Bureau of Statistics, stated at a press conference held by the State Council Information Office that investment in emerging fields continued to gain momentum in the first half of the year. Local governments, adhering to the deployment and requirements of developing new productive forces according to local conditions, continued to increase investment in emerging industries and laid out the track for future industries. Investment in new energy, artificial intelligence, and integrated circuits saw significant growth. Meanwhile, investment in new infrastructure benefits long-term development. Since the beginning of this year, the planning and construction of the "six networks" have accelerated, with traditional and new infrastructure projects advancing in tandem. The deployment of computing power networks and next-generation communication networks has accelerated, leading to rapid growth in investment in related fields and strengthening the momentum for digital transformation. Furthermore, investment in peoples livelihoods has precisely addressed shortcomings. All sectors are paying more attention to the close integration of investment in things and investment in people, solidly promoting the modernization of agriculture and rural areas. Mao Shengyong stated that there is still broad prospect for expanding effective investment in the next stage. my countrys per capita capital stock is still significantly lower than that of developed countries. This gap also signifies potential and space, especially in the transformation and upgrading of traditional industries, the promotion of emerging industries and the development of future industries, all of which have strong investment demand. Adapting to changes in population structure, there is huge investment potential in areas such as services for the elderly and children, primary healthcare, expansion of quality education, and the comprehensive revitalization of rural areas.July 15th - The Japanese governments push for pension funds and individual investors to increase their allocation to the domestic market is seen as a potential long-term boost to Japanese bonds and the yen. However, analysts believe that unless the direction of fiscal and monetary policies changes, it is unlikely to have a significant impact in the short term. Laura Cooper, global investment strategist and head of macro credit at Nuveen, stated that fiscal policy and the path of interest rate hikes still need further clarification. The Bank of Japans reduced bond purchases, continued increases in government bond issuance, and the re-establishment of term premiums will continue to dominate the market outlook. Strategists at Morgan Stanley Mitsubishi UFJ Securities, including Koichi Sugisaki, stated that pension funds purchases of ultra-long-term Japanese government bonds may not increase as significantly as the market initially expected. They believe that the Japanese governments initiative is more likely aimed at encouraging increased domestic investment across the entire financial system rather than specifically guiding funds into government bonds. They stated, "Therefore, from the perspective of the domestic bond market, this announcement is more like verbal intervention, its main function being to keep the risk of capital outflows in the markets view."The main fuel oil contract surged 6.00% intraday, currently trading at 3615.00 yuan/ton.On July 15th, Wang Guanhua, spokesperson for the National Bureau of Statistics and head of the Department of Comprehensive Statistics of the National Economy, stated at a press conference held by the State Council Information Office that the added value of specialized, refined, and innovative small and giant industrial enterprises above designated size increased by 10.4% year-on-year in the first half of the year. In late June, the World Economic Forum released its latest list of Lighthouse Factories, with half of the 16 newly added global Lighthouse Factories coming from China. Lighthouse Factories represent benchmarks for the digital and intelligent transformation of global manufacturing, and my country currently ranks first in the world in the number of Lighthouse Factories.July 15th Futures News: 1. International oil prices have risen by more than 11% in just two trading days this week, the largest two-day percentage increase since mid-March. As of July 14th, WTI crude oil futures for the first month rose by $7.93 per barrel, an increase of 11.10%; Brent crude oil futures for the first month rose by $8.72 per barrel, an increase of 11.47%. Shipping activity in the Gulf region has slowed significantly as risks continue to escalate. Shipping data shows that from July 11th to 13th, confirmed passage of ships carrying commodities fell to 11 per day, compared to 30 per day from July 1st to 10th. 2. Deutsche Bank believes that the sharp rise in oil prices is due to escalating tensions between the US and Iran, coupled with Trumps renewed hardline rhetoric on the Strait of Hormuz. The daily increase in Brent crude oil on the 13th was the largest since 2020, reigniting concerns about stagflation and pushing up interest rate expectations and global bond yields. At the same time, rising energy costs and geopolitical risks have also contributed to this situation.
