Wolf Money(world market review 18-24 Aug 2025)
Market Summary 18-24 Aug 2025
*USA*
+ Powell signalled a possible interest rate cut in next central bank’s meeting, even as inflation risks remain
± Powell says tariffs having ‘clearly visible’ impact on US inflation, adopted flexible inflation targeting
+ US PMI Composite Output Index at 55.4 in Aug, hitting 8-mth high, vs 55.1 in Jul: S&P Global
+ US Services Business Activity Index down from 55.7 in Jul to 55.4 in Aug, Manufacturing PMI rose from 49.8 to 53.3 at 39-mth high
± US business inventories rose 0.2% MoM in Jun at US$2660.3bn, up 1.6% on annual basis
-US initial jobless claims up 11,000 to 235,000
+ US existing home sales rose 2% of 4.01m in Jul, sharpest increase since Feb
+ US govt will purchase 9.9% stake in Intel for US$8.9bn, or US$20.47 per share, discount of about US$4 from closing share price
± US auctioned US$8bn in 29-year 6-mth Treasury Inflation-Protected Securities at 2.65% yield
-Nvidia orders suppliers to halt work on China-focussed H20 AI chip amid China crackdown
+ Intel in talks with other large investors to receive an equity infusion at a discounted price
± US said won’t be seeking equity stakes in TSMC, Micron
+ US considering to reallocate at least US$2bn from CHIPS Act to fund critical minerals projects
-Trump said “furniture coming from other Countries into the US will be Tariffed at a rate yet to be determined”
+ US energy and IT giants keen in returning to Russia market but peace deal must be reached n sanctions lifted: American Chamber of Commerce in Russia
-US named 5 new Chinese industry sectors, include copper, lithium and steel, for high priority enforcement under Uygur labout law
-US soybean farmers urge Trump to make purchase deal with China; ‘we cannot survive a prolonged trade dispute’
± Starbucks asked short-listed gp of potential bidders to submit non-binding bids for a stake in its China business within next 2 wks
+ Alphabet’s Waymo gets first permit to test autonomous vehicles in NY City
+ Musk: Grok 2.5 has now become open source, Grok 3 will be open source in about 6 mths
+ Meta will unveil its first consumer-ready smart glasses at Meta Connect event mid-Sept
*NORTH n LATIN AMERICA*
+ Canadian premier plans China visit for canola tariff talks, seeks to ease domestic concern
+ Canada to remove many retaliatory tariffs on US goods, citing “Trump said lifting tariffs would kick off talks”
+ Brazil unveiled new US$1.9bn credit line for companies hit by US tariffs
*CHINA*
+ PBOC holds interest rates steady during its meeting in Aug
+ China’s total retail sales of consumer goods rose from ¥39.1 trillion (US$5.44 trillion) in 2020 to ¥48.3 trillion in 2024, average annual growth of 5.5%
-China’s FDI dropped 13.4% YoY to ¥467.34bn in first 7-mth; manufacturing industry attracted 121.04bn, services sector at ¥336.25bn, high-tech industries drawing ¥137.36bn
+ Shanghai Composite Index recorded 3825.76 pts, hits 10-year high
± China rolled out interim regulation to cap total rare-earth quota, build traceability system
+ China’s e-commerce sector posts steady growth, online retail sales climbed 9.2% YoY in first 7 mths
+ China unveiled 16 policy measures to boost integration of banking and insurance sectors between Fujian and Taiwan
+ China’s electricity consumption surpassed 1 trillion kilowatt-hr mark at record high; equivalent to annual usage of all Asean nations combined
± China currently has zero new crop export orders for US soybeans on the books for marketing year 2025/26: American Soyabean Association
-China’s youth unemployment hits 17.8% in Jul at 11-mth high as army of graduates joins job hunt
+ China vowed more concrete measures to tackle aggressive competition after Jul meeting failed to stop falling prices, to expand regulatory arsenal in fight against solar industry price wars
+ China exported 5,577 tonnes of rate earth permanent magnets in Jul, up 75% MoM
+ China’s shipments of major fertiliser surge 600%, signalling softer export curbs
+ Chinese Premier Li Qiang called for stronger policy support for the biotech industry, part of efforts to bolster innovation in sector witnessed a boom
+ Li Qiang called for more action to boost consumption and investment as concerning set of economic data in Jul
+ China, US agreed to extend for another 90 days the suspension of certain reciprocal tariffs on each other’s goods
+ Chinese oil refiners ramped up imports of Russian crude after India scaled back purchases under US tariff pressure: CNN
+ China discovered deep shale gas reserves in 2 major gas fields in southwest, each holding >100bn cubic meters of proven reserves
-Country Garden forecasts bigger loss for H1, after deliveries of housing projects halved from 2024 and asset impairments rose
+ DeepSeek hints China close to unveiling ‘next generation’ AI chips
+ Pop Mart, JD Logistics and China Telecom join Hang Send Index
+ Macau tourists arrival up 14.5% YoY to 3.46m in Jul, following a 13.3% rise in Jun
+ Taiwan’s seasonally adjusted jobless rate fell to 3.33% in Jul at 24-year low
*EUROPE*
+ Eurozone’s Composite PMI rose to 51.1 in Aug from 50.9 in Jul, hitting 15-mth high
+ EU plans to procure US energy products worth US$750bn through 2028, as well as at least US$40bn worth US AI chips, to increase purchases military equipment
+ Eurozone’s CPI rose 2% annually in Jul, unchanged from Jun
-EU handed Ukraine €9bn of Russia’s money so far this year, funds come as loans to be repaid with the profit from Moscow’s frozen assets
-European postal services and some other countries pause shipment of packages to US as they wait more clarity on the rule
-Germany’s GDP contracted 0.3% QoQ in Q2, sharper than preliminary estimate of a 0.1% drop
+ Germany’s Composite PMI Output Index reached 50.9 in Aug, vs 50.6 in Jul, hitting 5-mth high
+ UK PMI Composite Output Index reached 53 in Aug at 12-mth high
*ASIA*
+ Australia’s Composite PMI at 54.9 in Aug, vs 53.8 in Jul, marking 11th consecutive rise: S&P Global
+ Japan’s annual inflation rate eased to 3.1% in Jul to 8-mth low
+ Japan’s 10-year govt bond yield held above 1.6% to near 17-year high
-Japan’s trade deficit landed at ¥117.5bn in Jul vs last mth’s surplus of ¥152.1bn
+ Softbank agreed to buy US$2bn worth of Intel stock, giving it a 2% stake
+ India’s exports to China surged 20% YoY to US$5.8bn in first 4-mth of FY Apr-Jul
+ India says US trade negotiations are still going on as fresh tariffs take effect
+ Malaysia will bar exports of unprocessed rare earth minerals, to keep supplies onshore for investment in downstream industries
+ JPMorgan agreed to pay Malaysia US$330m to settle 1MBD claims
+ Johor became country’s top investment destination in H1, recorded RM56bn, attributing the success to its SEZ with Singapore
-Sg NODX shrank 4.6% YoY in Jul, sharp contrast from revised 12.9% jump in Jun, exports poised for slower growth in H2
+ Temasek weighs major overhaul to improve returns; potentially reorganising into 3 investment vehicles
Contribution by Derek@valueinvestments chat group. Thank you.
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