📉Asian indices and the Nasdaq futures index are trading in the red this morning as of 920AM, after Nvidia slumped more than 8% in post-market trading overnight after its forward revenue guidance for the next quarter of USD 32.5 billion failed to hit the most bullish of expectations of around USD 33 to 34 billion. Fears of manufacturing delays on Nvidia's next big cash cow - the new Blackwell processor ...

China’s direct investment liabilities in its balance of payments dropped almost $15 billion in the April-June period, marking only the second time this figure has turned negative, according to data from China's SAFE released Friday. It was down about $5 billion for the first six months.
Should the decline continue for the rest of the year, it would be the first annual net outflow since at least 1990, when comparable data b...

If one believes in a slowdown — domestic demand is weak and the central bank is cutting rates — the policy action “is just managing the pace of long-term yield decline rather than reversing” it
GS forecast is based on the view that the Fed’s Sept. rate reduction will open the door for China's action
Sees risk of deflationary, stagflationary mindset becoming entrenched.
Sees some improvement...

During the meeting, the People's Bank of China (PBOC) and the U.S. Department of the Treasury signed a memorandum under the China-U.S. Financial Working Group framework. They exchanged lists of financial stability contacts to ensure timely and smooth communication between their financial regulatory departments in the event of financial stress or operational risks, aiming to reduce uncertainty. The PBOC also raised concerns with the U.S. Treas...