EUR/USD
1.13971
0.098%
Gold
4038.68
0.252%
Oil
80.828
3.189%
USD/JPY
163.589
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GBP/USD
1.33054
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217.667
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Real-time News
July 29th - According to data released by the China Passenger Car Association (CPCA), from July 1st to 26th, the national passenger car market retail sales reached 1.123 million units, a decrease of 18% year-on-year and 13% month-on-month. The cumulative retail sales this year reached 9.824 million units, a decrease of 20% year-on-year. From July 1st to 26th, the national new energy passenger car market retail sales reached 738,000 units, a decrease of 2% year-on-year and 10% month-on-month. The cumulative retail sales this year reached 5.443 million units, a decrease of 13% year-on-year. The new energy vehicle retail penetration rate in the national passenger car market from July 1st to 26th was 65.7%.The Bank of Englands June mortgage approvals will be announced in ten minutes.Western Digital (WDC.O) rose 4.8% in pre-market trading as the company projected first-quarter profit and revenue to exceed expectations.On July 29th, David Doyle, head of economic research at Macquarie Group, stated that the Federal Reserve will not adjust interest rates at this meeting, but this is the first time this year that the decision seems uncertain, with the market pricing in a roughly 35% probability of a rate hike. Warshs wording and the voting results of the committee members will be key. Besides the rate decision itself, the market may also focus on whether any voting members will dissent, whether there are any changes in the wording of the statement, and how Chairman Warsh communicates at the press conference. If rates remain unchanged, dissenting votes are likely, and the number of dissenting votes will depend on the extent to which the wording of the statement shifts towards a hawkish stance. The next policy action is still expected to be a rate hike, most likely in December. The description of the unemployment rate in this statement may become more optimistic. The June statement said "no significant change," but subsequent data showed a slight decline in the unemployment rate. Furthermore, the risk of further adjustments to the statements wording leans towards a hawkish direction, potentially including a statement hinting at a future policy tightening trend.On Wednesday, July 29, the Hang Seng Index closed up 497.07 points, or 1.96%, at 25,807.92; the Hang Seng Tech Index closed up 134.12 points, or 2.84%, at 4,864.73; the H-share Index closed up 187.27 points, or 2.22%, at 8,623.52; and the Red Chip Index closed up 78.07 points, or 1.88%, at 4,230.41.
