Global News You Need to Know Before Wednesday's U.S. Stock Market Opens

The Political Bureau of the Central Committee of the Communist Party of China held a meeting and decided to convene the Fourth Plenary Session of the 20th Central Committee to analyze and study the current economic situation and economic work, presided over by General Secretary Xi Jinping.

The childcare subsidy is the first large-scale, universal, and direct cash subsidy for people's livelihood issued to the public since the founding of New China, with a preliminary budget of 90 billion, to be claimed in late August.

Growth exceeded expectations! The U.S. Q2 actual GDP annualized quarter-on-quarter preliminary growth is 3%, and the PCE price index increased by 2.5%.

In July, U.S. ADP employment increased by 104,000, exceeding expectations, but employers are becoming cautious in hiring decisions.

The U.S. has set the quarterly refinancing bond issuance scale at $125 billion, in line with expectations.

Avoiding recession! The Eurozone's Q2 GDP grew by 0.1%, exceeding expectations, and interest rate cut expectations have eased.

India's NIFTY index and SENSEX index both rose slightly, with reports indicating that India is still committed to reaching a bilateral trade agreement with the U.S. before autumn.

Luckin Coffee's Q2 net revenue increased by 47% year-on-year, exceeding expectations, and net profit increased by 44% year-on-year.

New Oriental's U.S. stock pre-market fell over 11%, as the company's revenue forecast for the first fiscal quarter was below market expectations.

Fearless of the winter! Hermès' Q2 sales accelerated to a 9% year-on-year increase, but net profit fell to €2.25 billion, and the stock price dropped by 4%.

U.S. stock pre-market: The three major U.S. stock index futures rose slightly, most European stock indices increased, Asian stock markets rose moderately, the U.S. dollar index climbed, spot gold fell, and the world is focused on the "super 72 hours."

The Nikkei 225 index closed down 0.05%, the Shanghai Composite Index closed up 0.17%, and the Hang Seng Index closed down 1.36%