π Australia has reported its Manufacturing PMI for July at 51.3, a slight decline from the previous figure of 51.6.
βοΈπ¨π³ China's Caixin Manufacturing PMI for July has been reported at 49.5, a decline from the previous figure of 50.4. This indicates a contraction in the manufacturing sector, raising concerns about the economic outlook.
This media is not supported in your browser
VIEW IN TELEGRAM
π The Moscow Exchange Index, IMOEX, is experiencing gains during the morning session, despite looming threats of new sanctions, trade wars, and geopolitical tensions.
β οΈπΊπΈ Apple is facing a potential $2 billion in tariff costs due to Trump's trade policies by the end of September, according to Apple Insider.
Alpha
π₯πΊπΈ The United States has announced new tariffs against dozens of countries, categorizing trade partners into three groups with rates ranging from 10% to 41%. The highest tariffs are imposed on Syria, Myanmar, Switzerland, Iraq, Serbia, and South Africa. Formerβ¦
πΊπΈ In an interview with NBC News, Trump expressed readiness to negotiate new tariff deals even after August 1.
π¨ Eight OPEC+ countries will increase oil production in August by more than 500,000 barrels per day, according to a report by TASS. This decision reflects ongoing efforts to stabilize the oil market amid fluctuating global demand. For further details, visit the full article here.
π Following recent earnings reports, stock performances have varied significantly. Amazon saw a decline of 6.6%, while Microstrategy fell by 1.5%. Roku experienced a 3% drop, and Coinbase declined by 9%. In contrast, Reddit surged by 18%, and Apple gained 2.5%. Riot Platforms dropped by 7%. For more details, visit Amazon, Microstrategy, Roku, Reddit, Coinbase, Riot Platforms, and Apple.
π¨ Indiaβs Manufacturing PMI for July has reached 59.1, up from 58.4, marking the highest level of manufacturing activity among major countries. This positive economic indicator contrasts sharply with former President Donald Trump's recent comments, where he referred to India's economy as "dying."
π’π΅π°πΊπΈ Pakistan has purchased its first-ever shipment of oil from the United States, according to RTRS.
πΊπΈ Elon Musk has invested over $45 million in political activities, making him the largest political donor in the United States, according to BBG.
β¨ Vitalik Buterin emphasized that Ethereum must ensure it never goes down. The co-founder of the cryptocurrency platform highlighted the importance of reliability and stability for the future of Ethereum in the ever-evolving blockchain landscape. The commitment to maintaining operational integrity is crucial for the network's continued success and user trust. For more details, visit Ethereum.