Global news you need to know before the U.S. stock market opens on Wednesday

Wallstreetcn
2025.08.13 13:03

In July, China's new social financing reached 1.16 trillion yuan, with a decrease of 50 billion yuan in RMB loans, and the M2-M1 spread narrowed.
Bessenet: The U.S. interest rate level should be 150 to 175 basis points lower than the current level, casting a wide net for the selection of the Federal Reserve Chairman with 11 candidates.
The U.S. 30-year mortgage rate has decreased, marking the largest drop since February.
Japanese bonds are once again facing a downturn: the 10-year bonds are "unattended," and the demand for 5-year bonds has hit the lowest level since 2020.
Ethereum has broken through $4,700 per coin, continuing to set new highs since December 2021.
IEA Monthly Report: Global oil supply may face severe oversupply next year, setting a historical record.
Tencent's Q2 net profit increased by 17% year-on-year, exceeding expectations, with revenue growth of 15%, and AI-driven marketing service revenue grew by 20%.
The Nikkei 225 index closed up 1.3%; the Shanghai Composite Index closed up 0.48%; the Hang Seng Index closed up 2.58%

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