Asian Markets Surge as Japan Election, Fed Rate Cut Bets, and Tech Rally Lift Global Sentiment 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Australian Pension Funds Boost Currency Hedging as Aussie Dollar Strengthens 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
U.S. Stock Futures Rise as Markets Brace for Jobs and Inflation Data 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
USD/CNH chart - Trading View
Profit at China's industrial firms slowed for the fifth straight month in July, rise at the slowest pace this year as businesses grapple with higher costs and supply bottlenecks.
Data from the National Bureau of Statistics (NBS) showed on Friday China's industrial firms' profits in July increased 16.4% on an annual basis to 703.67 billion yuan ($108.51 billion), compared to a 20% gain in June.
The rise was the slowest rise this year, adding to growing evidence that China's economic recovery from a coronavirus-battered slump was losing momentum.
In the first seven months of the year, industrial firms' profits grew a hefty 57.3% on year, due to base effects.The pace was however, slower than the 66.9% surge in first half of 2021.
Liabilities at industrial firms rose 8.2% year-on-year at end-July, down from 8.5% growth as of end-June.
The People’s Bank of China in mid-July lowered the reserve requirement ratio for banks and headwinds to growth suggest the central bank will keep its accommodative stance.
USD/CNH was trading 0.04% lower on the day at 6.4808 at around 05:10 GMT. The pair grinds sideways along 200-DMA, major trend is bearish. Trend reversal likely on decisive break above 200-DMA.
