Wolf Money(world market review 4-10 Aug 2025)
Market Summary 4-10 Aug 2025
*USA*
+ US Global PMI Composite at 55.1 in Jul, vs 52.9 in Jun: S&P Global
+ US ISM nonmanufacturing PMI slipped to 50.1 in Jul from 50.8 in Jun
+ Nasdaq posted record closing high with tech gains, rate cut optimism
-US trade deficit in goods and services down by 16% from May at US$60.2bn; imports fell 3.7% MoM to US$337.5bn, exports declined 0.5% to US$227.3bn
± US higher tariffs on imports from dozens of countries kicked in on Thur, raising average import duty to its highest in a century
-US wholesale inventories up 0.1% in Jun vs May’s revised figure and stood at US$906.3bn
-US initial jobless claims in week end Aug 2 rose by 7000 to 226,000
+ JPMorgan now expects Fed to cut interest rates by 25bps at its Sept meeting, citing signs of weakness in labour market
-US Treasury auctioned US$25bn in 30-year bonds at high yield of 4.813%, drawing weakest demand in nearly 2 yrs
+ White House has begun interviewing candidates for the Fed Reserve governor, narrowing the list to 3 names: Trump
-Trump said he believes that banks, including JPMorgan and BoA, discriminate against him and his supporters
-US will impose tariffs of about 100% on semiconductor chips imported from countries not producing in America or intend to do so
-US has imposed tariffs on imports of gold bars; citing a notice from Customs and Border Protection
+ Trump signed executive order allowing citizens to include alternative assets, such as cryptocurrencies, private equity, real estate, in their 401(k) retirement plans
+ Bassent: trade deals with other countries that US is currently working on are “largely done”, could gross over US$300bn in 2026
+ US Commerce Secretary Lutnick said he expects a further 90-day extension of tariff halt against China
+ Trump and Putin to meet in Alaska for Ukraine talks next week; Trump signals territory ‘swapping’ in Ukraine deal
+ Trump administration may seek IPO for Fannie Mae, Freddie Mac, expect to raise about US$30bn
+ US started granting Nvidia licenses to export its H20 chips to China directly after Jensen Huang met with Trump
-Trump tariffs wipe out US$12bn from global carmakers: WSJ
-Apple to shutter a store in China for the first time ever
+ Tesla secured a license for its autonomous robotaxi service in Texas
+ GM announced record 19,000 EV sales in US during Jul, up 115% YoY; will source EV batteries from CATL for roughly 2 years
*OTHER*
-FAO Food Price Index increased 1.6% to 130.1 pts in Jul, highest level since Feb 2023
*CHINA*
+ China’s CPI climbed 0.4% in Jul MoM, vs -0.1% in Jun; CPI unchanged on annual basis
-China’s PPI; measure costs for goods at factory gate, down 3.6% YoY in Jul
± China’s foreign exchange reserves totalled US$3.2922 trillion as end of Jul, down US$25.2bn or 0.76% end Jun
+ China’s overall exports jumped 6.1%, imports fell 2.7% on year-to-date basis, trade surplus first 7-mth reached US$683.5bn, 32% higher YoY
-China exports to US fell for 4th consecutive mth, shipments to SEA and EU increased; exports rose 7.2% YoY in Jul
+ China’s Jul exports rose 8% to ¥2.31 trillion, imports up 4.8% to ¥1.6 trillion, total trade up 6.7% YoY to ¥3.91 trillion; exports up 7.2%, imports up 4.1% in USD terms
+ China Caixin PMI reached 52.6 in Jul, vs Jun’s 50.6, rising at the fastest pace in over a year
+ PBOC injected ¥300bn into the financial system in Jul; said will conduct ¥700bn (US$98.11bn) outright reverse repo operation
+ China’s current account surplus surged to record US$135.1bn in Q2, up sharply from US$55.5bn YoY
+ China wants US to relax AI chip export controls for trade deal before a possible summit between Trump and Xi: FT
+ Beijing relaxed housing purchase rules; eligible households outside city’s 5th Ring Rd will no longer face restrictions on the number of homes they can buy
+ China’s production and sales of automobiles in H1 grew 12.5% and 11.4% YoY, respectively, reaching 15.6m and 15.7m units
+ China’s coal imports fell for the 5th time in 6 mths in Jul as it leaned more on domestic mining and boosted oil and gas imports
+ China’s machinery industry added value increased by 9% YoY in H1, growth rate 2% higher than manufacturing sector
+ Hainan will roll out zro-tariff and custoems closure policies on Dec 18
+ China COSCO seeking at least 20% stake in a US$23bn ports deal involving key assets in Panama Canal: FT
-China extended probe into foreign beef imports for an additional 3 mths until end of Nov
-Chinese state media says Nvidia H20 chips are not safe for China
-China vows action over US cyberattacks, detailing US govt cyber operations against Chinese targets using Germany, S Korea, Singapore and Netherlands as springboards
+ Hubei inaugurated its 2nd freight terminal for China-Europe (Central Asia) freight train services
+ S&P Global Ratings maintained A+ rating and stable outlook for China’s sovereign credit
+ Huawei announced full open-source release of its Ascend chip software ecosystem
+ Alibaba’s Freshippo plans to open 100 new stores in fiscal yr ending Mar 2026
+ Taiwan export surged 42% YoY to record US$56.68bn in Jul, highest since 2010, imports climbed 20.8% to US$42.34bn
+ TSMC’s July sales up by 25.8% to US$10.9
*EUROPE*
+ Eurozone retail sales in the 20 nations sharing euro currency grew by 3.1% in Jun, vs forecast of 2.6% growth
+ EU bank profitability and capital drive better EBA stress-test results
+ EU will halt retaliatory tariffs on US goods for 6 mths as trade deal with US implemented
+ EU approved French offshore wind energy program worth €11bn
-Germany’s industrial production down 1.9% in Jun, reaching its lowest level since May 2020, dipped by 3.6% on annual basis
± Germany’s new factory orders dipped 1% in Jun MoM, new orders advanced by 0.8% on annual basis
+ German trade surplus stood at €14.9bn in Jun, down from €18.4bn recorded in May
+ BoE cut rates by further 25bps to 4%; statement hints officials think the easing cycle is nearing its end
-French trade deficit at €7.7bn in Jun, down slightly of €0.1bn from previous mth
± Switzerland will not impose reciprocal tariffs on US
-Putin said to request Eastern Ukraine in exchange for ceasefire
*ASIA*
+ Australia’s trade surplus at A5.37bn in Jun, beating expectations; imports fell 3.1%, exports rose by 6%
-Japan trimmed its fiscal 2025 growth forecast to 0.7% from 1.2%, citing US tariffs and persistent inflation
+ Japan’s trade surplus on BOP basis at ¥469.6bn in Jun; recorded deficit of ¥522.3bn in previous mth
+ Japan says US promises to fix double tariff oversight
-India slapped with additional 25% of tariffs by US, bringing total to 50%, in response to its continued purchase of Russian oil
-India likely among the countries worst hit by tariff, imports to US set to surge to 50%, if deal not struck in 3 weeks
+ India inflation likely dropped to an 8-year low in Jul: Reuters poll
-Indonesia 10-year govt bond yield dropped to 6.42%, lowest since Sept 2023
+ Vietnam reported strong Jan-Jul trade data, imports from US rose 22.7%
+ Vietnam will continue talks with US to finalaise a trade agreement
+ Malaysia retail sales climbed 5.4% YoY in Jun, vs 4.9% increase in May
± Malaysia budget to be tabled in parliament on Oct 10
+ Penang targets RM156bn GDP by 2030 under digital economy plan
+ Sg has climbed to 4th place globally in 2025 Startup Ecosystem Index 2025, a 44.9% growth rate
+ SGX Gp reported strongest performance since listing, net profit rose 15.9% YoY to S$609.5m, net revenue up 11.7% to S1.3bn
+ SGX has >30 companies in its pipeline of IPOs that have already hired advisers and started preparatory listing work
Contribution by Derek@valueinvestments chat group. Thank you.
Please consider following us on telegram for the latest update on Lone Wolf investor by clicking on the link below. No form filling, no payment required, no collection of data, no data mining, no hard selling, no obligation.
https://t.me/joinchat/oCgkD3sQFRMzMWM1
Disclaimers
All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way whatsoever warrant or guarantee the success of any action you take in reliance on our statements. All information provided are for education only. Buyer beware,do you own due diligence.
Comments
Post a Comment