GoldenOctober2024

Jin10 data July 2 news, according to Asahi Shimbun, Japan's trade negotiation representative Akizawa Ryo is arranging to go to the United States for trade negotiations as early as this weekend. This will be Akizawa Ryo's eighth trip to the United States for trade negotiations. Forex site Forexlive analyst Justin Low stated that although he has visited many times, the situation is roughly the same as it was during his first visit. "The running performance" at least makes them look like they are in a difficult situation. But I think only time will tell. There is still a week until the July 9 deadline, and Trump seems to be losing patience.

Jin10 data, July 2 - Kenanga economists stated in a report that Indonesia's recent export performance is expected to remain resilient, partly due to early shipments before potential tariffs may be imposed by the United States, and because of a lower base compared to last year. Year-to-date export growth is at 7.3%, reflecting strong momentum driven by robust demand from the United States. They anticipate that despite ongoing uncertainties in global trade, Indonesia's export growth rate will rise from 2.3% in 2024 to 6.1% in 2025.

Jin10 data reported on July 2nd, that Australia’s retail sales growth in May fell short of expectations, prompting traders to become more convinced that the Reserve Bank of Australia will cut interest rates as early as next week. Data released by the Australian Bureau of Statistics on Wednesday showed that retail sales rose by 0.2% in May, up from flat in the previous month, but below the expected increase of 0.5%. A series of prior reports indicated that economic momentum is weakening, from easing price pressures to unexpected unemployment and cautious consumer sentiment, which bolstered the case for further rate cuts by the Reserve Bank of Australia. Traders have fully priced in the expectation of three more rate cuts this year, with the first cut likely to happen next Tuesday.

The U.S. Senate's passage of Trump's tax bill has raised investors' concerns about fiscal health, pushing gold prices to around $3,340 per ounce. The bill is expected to widen the deficit by $3.3 trillion, enhancing gold's appeal as a safe haven. The weak dollar, coupled with rising Treasury yields, continues to support gold prices.

Jin10 data reported on July 2 that Ganfeng Lithium stated on the interactive platform that the current lithium price is at a relatively low level compared to recent years, and the lithium market has also shown certain bottom characteristics. Whether the lithium market can reverse in 2026-2027 depends on the intensity of supply contraction and the pace of market demand explosion. Currently, the overall demand for lithium carbonate has increased compared to the past, and the company has achieved an increase in capacity through higher trade volumes from low-cost projects and technological cost reduction. As the company's own resources come into production and higher trade volumes are achieved, there is further room for cost reduction.

According to Jin10 data on July 2, as of July 1, the financing balance of the Shanghai Stock Exchange was reported at 9268.95 billion yuan, an increase of 14.76 billion yuan from the previous trading day; the financing balance of the Shenzhen Stock Exchange was reported at 9091.38 billion yuan, an increase of 22.22 billion yuan from the previous trading day; the total for both markets was 18360.33 billion yuan, an increase of 36.98 billion yuan from the previous trading day.

A federal judge in the United States rejected the Trump administration's request to prematurely terminate the temporary protected identification of 521,000 Haitian immigrants, stating that the Secretary of Homeland Security did not follow the legally prescribed procedures.

Jin10 data reported on July 2nd that during the first half of 2025 (from January 1 to June 30), the London Spot Gold price rose by 25.7%, marking the largest half-year increase since the second half of 2007. "In the second half of the year, international gold prices are still in an oscillating upward channel." Bai Xue, Senior Vice President of the Research and Development Department at Fangjincheng, believes that the market's risk aversion demand will still exist in the second half of 2025, which will provide long-term support for gold prices. In addition, the global Central Bank's willingness to allocate gold remains strong. As the credit risk of the U.S. dollar intensifies, central banks around the world will strengthen their gold reserve layout based on strategic security and asset allocation needs.

Jin10 reported on July 2 that on July 1 local time, dozens of protesters, including the families of those held by Israel, gathered outside the office of the Israeli Prime Minister, demanding a comprehensive agreement to ensure the release of those held and an end to the war. The protesters stated that the Israelis held in the Gaza Strip "should have been home a long time ago," and that the war in the Gaza Strip must end.

According to the Egyptian Ministry of Petroleum, the "Adam Ocean 12" barge capsized in the Suez Bay on the evening of July 1. Rescue operations are underway at the accident site, with four people confirmed dead, 23 rescued, and others still missing. The cause of the accident is under investigation.

U.S. officials say that the Iranian military has prepared mines in the Persian Gulf and may plan to lay mines in the Strait of Hormuz in response to missile strikes from Israel. This move could escalate regional conflicts and impact global trade.

On July 1st, the CSI Convertible Bond Index reached a ten-year high, driving the recovery of the new convertible bond market. The issuance of the Bo 25 Convertible Bond was highly sought after, with the number of new investors reaching 8.265 million. Market analysis suggests that as long as the supply-demand relationship does not reverse, the convertible bond market is expected to continue to rise steadily.

Jin10 data reported on July 2, that as of the market close on that day, the price of light crude oil futures for August delivery on the New York Mercantile Exchange rose by 34 cents, closing at $65.45 per barrel, with a rise of 0.52%; the price of Brent crude oil futures for September delivery rose by 37 cents, closing at $67.11 per barrel, with a rise of 0.55%.

Jin10 Data, July 2 – On the evening of July 1 local time, the armed organization "Izz ad-Din al-Qassam Brigades" under the Palestinian Islamic Resistance Movement (Hamas) announced that it launched several rockets from Khan Yunis in southern Gaza towards Israel. Earlier, the Israel Defense Forces stated that they intercepted two rockets fired from southern Gaza, with no casualties reported.

Mexico's oil production has sharply declined, reaching levels not seen since the late 1970s, with June exports hitting a record low, posing a threat to U.S. refiners. The annual production is expected to average 1.621 million barrels, the lowest since 1979, with no large oil fields discovered since.

Jin10 data reported on July 2nd that U.S. President Trump stated on Tuesday that he is not considering extending the deadline for countries to negotiate trade agreements with the U.S. — July 9th, and expressed doubts about reaching an agreement with Japan. Trump said, "We have dealt with Japan. I am not sure if we can reach an agreement. I have my doubts about it." Trump indicated that he might impose tariffs of "30%, 35%, or any number we decide" on goods imported from Japan, which is significantly higher than the 24% rate he announced on April 2nd.

Jin10 Data, July 2 - During the Senate voting process, Republican Senator Rand Paul cast a no vote against the "Too Big to Fail Act" and stated on social media, "Throughout the voting process, I worked tirelessly to prevent Congress from increasing our debt. I met with Vice President Vance and reiterated my proposal that if the bill includes a 90% debt ceiling reduction, I would be willing to vote in support." "I am fighting for the American people against our out-of-control debt." Musk commented "Bravo" to express his support for Paul.

Jin10 data reported on July 2nd that Tal has submitted a new proposal regarding the Gaza ceasefire agreement to Israel and the Palestinian Islamic Resistance Movement (Hamas). The proposal includes a 60-day ceasefire in the Gaza Strip and the release of some detained individuals by Hamas, with 8 detainees to be released on the first day of the ceasefire and another 2 detainees to be released on the 50th day of the ceasefire. Additionally, the proposal requests Hamas to return the bodies of 18 deceased detainees in three batches. According to an Israeli official, this proposal could create conditions for the parties involved to discuss the details of the agreement. He also stated that even if Israel and Hamas resume negotiations, the talks will be very difficult and are expected to be protracted.

Jin10 Data, July 2 - The U.S. Ambassador to Israel: "We thought Israel would not be subjected to missile attacks anymore, but the Houthis just launched a missile over Israel. Fortunately, Israel has an incredible interception system, and we just need to take shelter until the alarm is lifted. Maybe those B-2 bombers need to go check out Yemen!"