Asian Stocks Slide as Chip Shares Tumble Ahead of Key U.S. Jobs Report 
Denmark Central Bank Intervenes to Support Krone Peg Against Euro 
Japan Signals Readiness to Act on Yen as Intervention Speculation Grows 
Goldman Sachs Flags 3 Key Risks Ahead of Europe’s Earnings Season 
U.S. Dollar Drops as Weak Jobs Data Boosts Fed Pause Bets, Yen Jumps on Intervention Talk 
Moody’s Says Peru’s President-Elect Keiko Fujimori Could Boost Investor Confidence 
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
Brazil to Phase Out Gasoline Subsidy First as Diesel Support Stays Longer 
Australia Trade Balance Swings to Surprise Deficit as Imports Outpace Exports in May 
Oil Prices Steady as U.S.-Iran Talks Ease Supply Fears Ahead of Holiday Weekend 
Oil Prices Slip as Oversupply Concerns and U.S.-Iran Talks Shape Market Outlook 
Turkey Vehicle Sales Fall 11.4% in June as Auto Market Weakens 
US Jobs Report Preview: June Payroll Growth Seen Slowing as Fed Rate Decision Looms 
US Stock Futures Hold Steady Ahead of June Jobs Report as Fed Rate Outlook Remains in Focus 
Wall Street Ends Mixed as Weak Jobs Data Lowers Fed Rate Hike Bets, Chip Stocks Tumble 
Mary Daly Says AI Uncertainty Clouds Fed Rate Outlook Despite Restrictive Policy 
Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions 
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.
