
Global news you need to know before the U.S. stock market opens on Thursday
State Council: Deploy and implement personal consumption loan interest subsidy policy and service industry operating entity loan interest subsidy policy.
Ministry of Commerce: China and the U.S. will continue to promote the 24% portion of the U.S. counterpart tariffs that have been suspended and China's countermeasures for a 90-day extension as scheduled.
The Federal Reserve's favorite inflation indicator unexpectedly rebounded! The U.S. core PCE price index in June rose 2.8% year-on-year, the largest increase since February.
Trump claims Powell is too politicized and unsuitable to serve as Federal Reserve Chairman.
U.S. Treasury Secretary Yellen: The nomination for Federal Reserve Chairman is expected to be announced by the end of the year.
Last week, the number of first-time unemployment claims in the U.S. was 218,000, lower than expected.
Challenger report: The U.S. has laid off 806,383 people so far in 2025, the highest since January to July 2020.
The yen fell sharply! Ueda Kazuo: Interest rate hikes depend on the likelihood of "meeting inflation targets," and the current yen exchange rate has not significantly deviated from expectations.
World Gold Council: Central bank gold purchases in Q2 hit a three-year low, with ETFs supporting gold demand.
The National Internet Information Office held talks with NVIDIA regarding security risks of backdoors in H20 computing power chips.
WeRide's U.S. stock pre-market rose nearly 15%, with the company's Q2 total revenue increasing by 60.8%, and robotaxi business revenue skyrocketing by 836.7%.
Eli Lilly: Tirzepatide has shown cardiovascular protective effects in a large head-to-head study.
U.S. stock pre-market: All three major U.S. stock index futures rose, with Microsoft up nearly 9%, Meta up 12%, the yen falling below the 150 mark, and spot silver down over 2%.
Nikkei 225 index closed up 1%, Shanghai Composite Index closed down 1.18%, Hang Seng Index closed down 1.6%