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Catalyst Watch: Tech Blitz With Apple, Amazon, Microsoft, and Meta on Tap for Earnings
US Stock Market Outlook: Core PCE is higher than expected! Three major indices are strong, and growth tech stocks are booming before the market opens; Wedbush is not afraid of the cooling of the "AI fever": the valuation of growth tech stocks is more heal
BlackRock co-founder: If Trump is elected US president, it will pose a risk to US stocks. Fierce local competitors, iPhone's market share in China dropped out of the top five for the first time in four years. Deckers rose more than 12% before the market, Q1 profit and revenue exceeded expectations, and raised its full-year profit forecast.
Express News | The Passenger Car Association predicts that narrow-definition passenger car retail sales in July will be around 1.73 million, with a year-on-year and month-on-month decrease of about 2%.
US stocks anomaly | Chinese auto stocks rose before the market, and Morgan Stanley predicts that the mainland's increase in scrap car replacement subsidies should boost fourth-quarter sales.
On July 26th, Chinese auto stocks rose before the market, NIO rose more than 1% and Xpeng rose 0.85%. Deutsche Bank released a report indicating that the mainland has increased the scrappage subsidy standards for automobiles. Personal consumers who scrapped national standard III or below emissions gasoline vehicles or new energy passenger vehicles registered before a specified date and who purchased new energy passenger vehicles or 2 liters and below gasoline passenger vehicles included in the Catalog of New Energy Vehicles Exempted from Vehicle Purchase Tax will receive an increased subsidy. The subsidy standard will be raised to RMB 0.02 million for the purchase of new energy passenger vehicles and RMB 0.015 million for the purchase of 2 liters and below gasoline passenger vehicles. The bank believes in stable vehicle models.
Cui Dongshu: In the first half of the year, imports of autos decreased by 4% year-on-year to 0.332 million units.
Cui Dongshu, Secretary-General of the China Association of Automobile Manufacturers, stated that the import volume of cars to China has continued to decrease at an average annual rate of about 8% since 2017, with only 0.8 million units expected to be imported by 2023.
China: Consumer goods in the Mainland could lead to GDP growth by 0.3 percentage points, or increase household appliance sales by 15%
China's Ministry of Finance issued a notice on “Certain Measures to Support Large-Scale Equipment Upgrades and Replacement of Consumer Goods” by the National Development Reform Commission and the Ministry of Finance. Proposed the coordination of around RMB 300 billion (below) in ultra-long term special government debt financing, and strongly supported large-scale equipment upgrades and the replacement of old consumer goods. This indicates a further decline in positive fiscal policy, which the Bank expects could drag down GDP growth by around 0.3 percentage points.
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