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

State Council: Research on implementing pilot work for the market-oriented allocation of factors in some regions across the country. CSRC: Continuously consolidate the momentum of stabilization and improvement in the capital market, and accelerate the promotion of a new round of capital market reform and opening up. In line with expectations! The U.S. PCE price index rose 2.6% year-on-year in July, and the core PCE price index rose 2.9% year-on-year. Alibaba's Q2 Non-GAAP net profit fell 18% year-on-year, cloud business revenue increased by 26%, and Taobao's flash sales boosted monthly active users by 25%. Alibaba conference call: Monthly active users of Taobao flash sales reached 300 million, a 200% increase compared to April, and flash sales and instant retail are expected to bring in 1 trillion yuan in new transactions over the next three years. BYD's half-year revenue first surpassed Tesla, with a net profit increase of 13.79% year-on-year and a slight decline in gross margin. Huawei's revenue in the first half of the year was 427 billion yuan, a year-on-year increase of 3.94%, while net profit fell 32% year-on-year. Canada's GDP shrank at an annualized quarterly rate of 1.6% in the second quarter, marking the first contraction in nearly two years, with the trade war severely impacting exports. Foxconn: Sovereign AI investment may reach 1 trillion U.S. dollars in the next five years, becoming a new growth point in the computing power market. Labubu's new product sold out in seconds, with global fans scrambling to buy, and Pop Mart sold out again! Before the PCE inflation announcement, European and American stock markets were weak, with Dell falling 6% in pre-market trading, Alibaba rising over 2% after earnings, the Indian rupee hitting a new low against the U.S. dollar, and gold slightly declining. The Nikkei 225 index closed down 0.3%, the Shanghai Composite Index closed up 0.37%, and the Hang Seng Index closed up 0.32%