EUR/USD
1.17125
-0.316%
Gold
3337.25
-0.926%
Oil
66.191
0.407%
USD/JPY
147.928
0.624%
GBP/USD
1.34228
-0.654%
GBP/JPY
198.566
-0.002%
Real-time News
July 25, data on Friday showed that new orders for key capital goods in the United States unexpectedly fell in June, indicating that equipment investment fell after the boost from companies advance purchases before the increase in import tariffs faded. In June, the monthly rate of orders for non-defense capital durable goods excluding aircraft (widely regarded as a barometer of corporate spending intentions) fell 0.7%, lower than the expected increase of 0.2%. May data was revised up to an increase of 2.0%. Shipments of core capital goods increased by 0.4% in June, lower than 0.5% in May. Although some of the panic buying trends caused by tariffs are still continuing, some companies have begun to postpone capital expenditure plans due to increased uncertainty about the final level of tariffs. S&P Globals survey on Thursday showed that the initial value of the US manufacturing PMI in July fell into contraction for the first time since December last year. S&P pointed out that "although import tariffs have brought some protection, higher prices and rising costs have become a greater concern for companies."Elvira Nabiullina, Governor of the Central Bank of Russia: Due to changes in OPEC+ policies, the recovery in crude oil exports is expected to support the economy.According to the news on July 25, the State Administration for Market Regulation recently organized a food safety supervision inspection of 1,782 batches of samples, and 35 batches of samples were found to be unqualified. For the unqualified foods found in the inspection, the relevant provincial market supervision departments have organized verification and disposal.On July 25, according to four representatives, the OPEC+ Joint Ministerial Monitoring Committee (JMMC) is scheduled to meet next Monday, but it is not expected to adjust the current production increase plan. Sources pointed out that the alliance is still committed to regaining market share, and strong demand in the summer is helping to absorb the new supply. People familiar with the matter said that this meeting may not change the current policy, that is, the eight member countries will increase their total production by 548,000 barrels per day from August. Another source said it was too early to judge. OPEC+ currently supplies about half of the worlds crude oil. To support the market, the organization began to turn to increasing production this year to regain market share. According to three sources earlier this month, the eight OPEC+ oil-producing countries also plan to hold a separate meeting on August 3, and are expected to agree to increase production by 548,000 barrels per day from September. This means that by September OPEC+ will fully lift the previous 2.2 million barrels per day production cut.The prices of U.S. crude oil and Brent crude oil remained stable, currently trading at $66 per barrel and $68.60 per barrel.
