On Monday (August 1st), during European trading hours, the UK's July manufacturing PMI fell to its lowest level since February 2013, and the pound continued to fall under the pressure of the US dollar, but the US economic data was weak in the evening. In the case of the referee, the pound rebounded against the dollar and narrowed the decline. The US dollar index was affected by short covering and oversold rebound. The weak economic data pressure seems to be limited, and it is still fluctuating at high levels in the day. The dollar also rebounded slightly against the yen, but the downward pressure still exists. Before the arrival of the Reserve Bank of Australia's monetary policy meeting this week, the Australian dollar continued to fall under the European trading session and fell to an intraday low. The US dollar against the Canadian dollar continued to climb due to the sharp fall in international crude oil prices. Due to the rise of the stock market and the rebound of the US dollar index, the gold price in the European trading session fluctuated at a low level. However, due to the weak US economic data in the evening, the gold price fluctuated to recover the intraday decline. European stock markets opened higher and lower, and the overall decline, the US stock market opened slightly higher, still bullish. During the European trading hours, the NYMEX crude oil futures price continued to fluctuate from the previous high in September, and the decline has widened, and once fell below the $40/barrel mark.

European hot spot US dollar index shocks gold price up, oil price lost 40 US dollars mark

List of major market conditions

Foreign exchange market: During the European trading hours, the final value of the manufacturing PMI in the UK fell to 48.2 in July from 52.4 in June, the lowest level since February 2013, and the sub-indices also performed poorly. The GBP/USD continued to be under pressure. The decline, fell to the new low in the day, but the Bank of England's stability expectations and the weakness of the US economic data in the pressure of the US dollar also provide some support for the pound against the dollar, the pound against the dollar in the evening to bottom out, narrowing the intraday decline, now reported 1.3209, a drop of 0.13%, fell about 17 points, to the low of 1.3164, the day high of 1.3274. In the evening, the US economic data was mixed, and the US dollar index continued to fluctuate at the intraday high, which was reported to be 95.66, up 0.09%, to an intraday high of 95.78 and an intraday low of 95.53. At the same time, the US dollar rebounded slightly against the yen and continued to trade at the high level of the day. It is now at 102.30, a decrease of 0.20%, and the intraday low is 102.15, and the intraday high is 102.70. The Australian dollar against the US dollar was affected by the loose expectations of the Reserve Bank of Australia and the rise of the US dollar. The European trading session continued to fall from the high pressure and fell to the intraday low. It is now at 0.7566, down 0.50%, and the intraday high is 0.7616. The US dollar against the Canadian dollar was affected by the sharp drop in international crude oil prices, rebounded from the low of the day, is now reported at 1.3096, an increase of 0.28%, up about 36 points, the intraday low of 1.3029, the high of 1.3114.

Crude oil: During the European trading hours, the recent high-volume news of crude oil in the United States has caused oil prices to continue to be under pressure. The continuous price of the price war on OPEC and the increase in production in the day has intensified the downward pressure on oil prices. While US gasoline demand fell and refinery overcapacity suppressed oil prices, global demand slowdown and OPEC's news of increased production also revived, once losing $40/barrel. US NYMEX September crude oil futures prices fell to a new low since April 7, and are now reported at 40.10 US dollars / barrel, a decrease of 3.12%, basically trading at the lowest price level in the day, the daily high of 41.88 US dollars / barrel, the low 39.86 US dollars / barrel. September Brent crude oil futures price is now reported at 41.89 US dollars / barrel, a decrease of 1.87%, the daily high of 42.80 US dollars / barrel, the daily low of 41.82 US dollars / barrel.

Precious metals: In the early days of European trading hours, gold futures prices continued to fluctuate at low levels during the day when the stock market rose and the US dollar rebounded. However, while the weak US economic data pressured the US dollar in the evening, the gold price also rebounded, thus recovering the intraday decline. It also recorded a rise and is now trading near the highs of the day. August COMEX gold futures prices are now reported at 1352.0 US dollars / ounce, up about 1.41 US dollars / ounce, or 0.10%, the intraday low of 1345.88 US dollars / ounce, the day high of 1353.04 US dollars / ounce. September COMEX silver futures prices are now reported at $20.60 per ounce, or 1.08%, to an intraday low of $20.33 per ounce, and an intraday high of $20.69 per ounce.

In terms of the stock market, the daily chart of the Shanghai Composite Index retreated on the 60-day moving average. As a result of the adjustment of the A-share market in the early days, the inertia of the A-share market fell rapidly. The market confidence was insufficient, and the profit-taking disk accelerated. The main force led the stocks to make up, and the short-term technical indicators were basically short. The strength of the decline has weakened and the volume has shrunk. It is expected that the short-term market will enter the stage of shock and bottoming. The Shanghai Composite Index closed down 0.87% on Monday, down 25.95 points to 2953.39 points. Shenzhen Composite Index closed down 1.39% on Monday, down 143.96 points to 10185.48 points. The Shanghai and Shenzhen 300 stock indexes closed down 0.85% on Monday, down 27.12 points. 3176.81 points; the GEM index closed down 1.09% on Monday, falling 23.23 points to 2099.18 points, falling below the 2100 mark. The US stock market opened slightly higher on Monday (August 1). The Dow Jones Industrial Average opened up 8.05 points, or 0.04%, to 18,440.29 points. The S&P 500 index opened up 0.10 points, or 0.00%, to 2,713.70 points. The Nasdaq index opened 5.74 points, or 0.11%, to 5,167.87. point. European stock markets opened higher and lower, generally falling. The European pan-European 300 index closed down 0.53% on Monday; the UK's FTSE 100 index closed down 0.4% on Monday; the German DAX index closed flat on Monday; the French CAC40 index closed down 0.6% on Monday; the Spanish IBEX index closed down 0.5% on Monday.

List of major economic data:

1. Italy's manufacturing PMI fell to 51.2 in July from 53.5 in June, the lowest level since January 2015, and lower than the expected value of 52.5, which cast a shadow over the economic outlook of Italy, the third largest economy in the Eurozone. .

2. France's manufacturing PMI final value in July was 48.6, which was in line with the expected value and initial value, indicating that the country's manufacturing industry is shrinking, although its contraction rate has slowed down compared with June (then 48.3). Markit senior economist Kennedy said that the French manufacturing PMI in July showed that the French manufacturing sector has further shrunk slightly, which is reflected in cost reductions, further reduction in employment and raw material purchases, and declining inventories, and the trend of new orders in the future. Still weak.

Germany's manufacturing PMI final value in July was 53.8, higher than expected and initial value (both 53.7), indicating that Germany, the largest economy in the Eurozone, recorded a good start in the third quarter. Markit economist Oliver said that this round of data shows that the German commodity production sector continued to increase steadily at the beginning of the third quarter; although the important PMI data has declined since June, the relevant fundamentals remain strong. Markit analyst Oliver? Kolodseike said that today's survey shows that German manufacturing continued to grow steadily at the beginning of the third quarter. The overall PMI declined slightly from June, but the growth fundamentals remained strong.

3. The final value of UK manufacturing PMI fell to 48.2 in July from 52.4 in June, the lowest level since February 2013. In addition, each sub-indicator also performed poorly, with the output sub-indicator down to 47.8, the lowest level since October 2012; the new order sub-item recorded the largest monthly decline in 18 years, and the lowest since February 2013. Level. This may increase the pressure on the Bank of England to further relax its policies. Markit senior economist Dobson said that all sectors of the UK manufacturing industry are feeling downside risks, with various companies and consumers, intermediaries and investment sector output retracing; although exports benefit from a weaker pound and pick up However, the rebound was weaker than expected.

4. The final value of manufacturing PMI for the Eurozone in July was 52.0, higher than expected and initial value (both are 51.9), but lower than the final value of 52.0 in June. However, the output price index was 49.9, an 11-month high. Markit's chief economist Williamson said that despite the limited increase in PMI in July, the manufacturing sector in the euro zone is still expanding steadily; the problem is that the growth momentum is unbalanced, which may cause policymakers to worry and cause the ECB to further expand its stimulus; The overall data, the more worrying situation emerged, the output and employment sub-index expansion is obviously driven by Germany, the economic growth of Italy and Spain is almost stagnant, while France and Greece are shrinking.

5. The final value of the US Markit manufacturing PMI rose to 52.9 in July from 51.3 in June, the highest level since October 2015, and is consistent with the expected and initial values. In addition, the employment sub-index rose to 53.3, the highest level since July 2015; the output sub-index rose to 53.8, the highest level in November 2015. Markit's chief economist Williamson said that after the disappointing performance in the first half of the year, the manufacturing industry's drag on the economy will be reduced in the third quarter; employment is on the rise, hoping this will show that manufacturers are more confident about the future. Therefore, it can cope with the adverse effects of the strengthening of the US dollar and the restructuring of the energy industry.

6. The US ISM manufacturing PMI fell to 52.6 in July from 53.2 in June, which was less than the expected value of 53.0, indicating that the US manufacturing expansion rate has declined, and the employment sub-index has fallen to 49.4 – the indicator has been in the past 8 months. Seven months have recorded a contraction. Wells Fargo said that US business leaders are still cautious, especially in this ever-changing situation, in which case companies are not prepared to increase employment and expand investment. ISM survey chairman HOLCOMB said that the US manufacturing report in July was performing well, and the US factory continued to move forward in the face of sudden surge in overseas demand. The economy has not been unbalanced before the US presidential election is a positive phenomenon; in the foreseeable future, the oil and gas industry will To reach the "new normal", there may be more layoffs in the oil and gas industry.

7. U.S. construction spending in June fell for three consecutive months, and this time it fell to a one-year low, mainly due to the significant decline in expenditures on single-family and multi-family residential projects, which means that economic growth in the second quarter may be dragged down. Under repair.

Crude oil market:

1. Iraqi Ministry of Oil spokesman: Iraq exported 3.2 million barrels per day of crude oil in July.

2. Intercontinental Exchange: On the week of July 26, the net long position of Brent crude oil speculative positions decreased by 9072 hands to 288,536 hands.

3. Nigerian Oil Minister: At present, Nigeria's oil production has fallen to 1.4 million barrels per day.

inside China:

1, the Ministry of Communications network car service standards solicitation of advice: airports, railway stations and other places are prohibited. Letter from the General Office of the Ministry of Transport on the Opinions on Soliciting the Transportation Industry Standard "Network Appointment Taxi Operation Service Specification (Draft for Comment)". The "Opinion Draft" proposes that the driver should wait for the order at the parking place, and should not cruise the passengers. It should not set up a unified cruiser dispatching service station at the airport or railway station, or take the queue to wait for passengers. Upon arrival at the destination, the driver should actively provide the passenger with the appropriate local taxi invoice.

2. Didi Travel announced that it has reached a strategic agreement with Uber Global. Didi Travel will acquire UBS China's brand, business, data and other assets in mainland China. It is reported that after the two sides reached a strategic agreement, Didi Travel and Uber Global will hold each other's shares and become the minority shareholder of the other party. Uber Global will hold a 5.89% stake in the company, which is equivalent to 17.7% of the economic interest. The remaining Chinese shareholders of Uber China will receive a total of 2.3% of the economic interest. Didi has thus become the only company jointly invested by Tencent, Alibaba and Baidu. Cheng Wei, founder and chairman of Didi Travel, will join UBER Global Board of Directors, and UBER founders will also join Didi's board of directors.

3. Ministry of Foreign Affairs: I hope that the UK will make a decision as soon as possible to ensure the smooth implementation of the nuclear power project (noting that the British government has temporarily decided to postpone the final decision on the Hinkley Point nuclear power project).

4. Shenzhen's new home prices in July hit the highest month-on-month decline since 2012. Shenzhen Planning and Land Resources Committee data show that in July, the transaction price of new commercial housing in Shenzhen was 56,720 yuan / square meter, down 8.15% from the previous month, the highest since the 2012 ring.

Europe:

1. Russian Ministry of Defence: Russian helicopters were shot down in Idlib province of Syria; there were 3 staff members and 2 officials on the helicopter; all the crew were killed.

Other areas:

1. The Japan Meteorological Agency misreported the earthquake. At 16:9 Beijing time today, the Japan Meteorological Agency "measured" the first wave of 1.0 seconds after the earthquake wave, and changed to 9.0 in 3.3 seconds. It is estimated that the earthquake intensity in the large area of ​​the country is changed to 9.1, and the time is changed to 9.1. False positives, false positives were issued within 10 minutes, but within 1 minute after the quick report, most of the subways in the Kanto metropolitan area were temporarily shut down, causing traffic chaos.

(Editor: HN666)

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