•Following the attempted assassination of Donald Trump, his odds of a presidential return have risen, as per PredictIt data. Trump's advocacy for looser fiscal policy and increased tariffs is generally seen as beneficial for the US dollar and US yields. Furthermore, a Trump win and a Republican sweep could increase volatility and fiscal worries, thereby causing higher yields and steeper curves.
•Last week’s consumption data came in stronger than expected ...

Market News
【United States】
US stocks ended higher as investors firm bets on Trump win, rate cuts
- US major stock indices closed higher on Monday, building on Friday's rally as increasing expectations of a second Donald Trump presidency in the wake of a failed assassination attempt raised hopes of a looser regulatory environment.
- The growing probability that the U.S. Federal Reserve will begin cutting its key interest rate as soon as Septemb...

Market News
【APAC】
South Korea exports jumped 33.8% in the first 10 days of July, while imports rose 26.7% resulting in a trade deficit of $2b, according to a statement from Korea Customs Service. Chip Exports Jump 85.7% and car exports rise 9.8%

【Japan】
Japanese stocks fall for first time in 4 days amid double blow
On July 12, the Nikkei 225 in the Tokyo stock market fell for the first time in four trading days, falling 1,033 points (a drop of 2%) fro...

Market news
[Asia Pacific]
According to a statement from the Korea Customs Service, South Korea's exports increased by 33.8% in the first 10 days of July, while imports increased by 26.7%, leading to a trade deficit of 2 billion US dollars. Among them, chip exports surged 85.7%, and automobile exports increased 9.8%.
[Japan]
The Japanese stock market retreated for the first time in 4 days under a double blow
On July 12, the Nikkei Average of the Tokyo stock market fell for the first time in 4 trading days, falling 1,033 points (2% decrease) from the previous day to close at 41,190 points. The US Consumer Price Index (CPI) released on the evening of the 11th Japan time fell short of market expectations, causing the yen exchange rate to skyrocket. At the same time, the decline in US technology stocks also had an impact. As of the previous day, the Nikkei Average, which had reached an all-time high for 3 consecutive days, stopped rising continuously. The appreciation of the yen and the fall in the US stock market had a double impact on the Japanese stock market.
[China]
China's GDP grew 4.7% year on year in the second quarter, falling short of expectations; GDP grew 5.0% year on year in the first half of the year.
The Bureau of Statistics said that short-term fluctuations will not change the long-term positive trend. The contribution rate of total capital formation to economic growth increased in the second quarter, and the contribution rate of final consumption expenditure declined. The “Report on the Work of the Government” sets China's economic growth target of around 5% this year.
· Exports in the second quarter (in US dollars) were 5.9% higher than the same period last year. The trade surplus of exports minus imports increased 16% year over year.
· The first half of the year, above scale...

•Last week, during Fed Chair Powell’s dovish remarks to the Senate Banking Committee. Powell noted the labor market's return to balance, contrasting with his previous comments. While he didn't provide a timeline for rate cuts, he highlighted signs of a slowing job market following data showing rising unemployment for three consecutive months.
•Furthermore, June’s CPI report came in mild with core CPI rising by just 0.06% monthly (consensus: 0.2%), with ren...

Market News
United States
Goldman Sachs expects US companies to achieve their highest quarterly profits in 3 years, which will ultimately lead to an increase in the performance of US stock market indices.
US Labor Market Losing Steam As Unemployment Rate Climbs To 4.1%
The U.S. Department of Labor reported robust job growth in June, with non-farm payrolls increasing by 206,000, compared to an estimated 190,000. Average hourly earnings rose by 0.3% month-ove...