Global TradFi & Macroeconomics

On Friday, July 17, at New York close (Saturday 04:59 Beijing time), offshore Chinese yuan (CNH) declined 42 pips to 6.7774 per dollar. The currency traded within a range of 6.7721 to 6.7815 during the

Spot gold rose 1.00% to $4,016.21 per ounce at the close of New York trading on Friday, July 17, breaking the $4,000 psychological level. For the week, gold declined 2.53%. COMEX gold futures gained 0.72% to $4,020.90 per ounce, down 2.30% weekly. Spot silver rose 0.69% to $55.9059 per ounce but

According to Korean Economic Television, Samsung Electronics minority shareholders on July 18 demanded that the National Pension Service exercise voting rights to reject a wage agreement that would distribute up to 10.5% of semiconductor operating profit as performance bonuses. The shareholders'

According to Marketwatch, the Philadelphia Semiconductor Index fell 1.63% on Friday (July 17), closing at 11,673.889 points, declining over 20% from recent highs to officially enter bear market territory. Nvidia's market cap dropped to approximately $4.8 trillion, falling below Apple's

JPMorgan issued a report highlighting two positive signals for Bitcoin centered on MicroStrategy (Strategy, NASDAQ: MSTR). The investment bank noted that Strategy's cash reserves grew from approximately $2.55 billion to $3 billion, sufficient to cover preferred stock dividends for about 20 months an

Wall Street analysts remain divided on semiconductor stocks this week as the Philadelphia Semiconductor Index declined 8% amid rising geopolitical tensions and energy prices that renewed interest rate hike concerns. UBS projects SOX earnings growth of 92% this year and an additional 40% next year, w

According to The Block, JPMorgan analysts stated in a recent report that MicroStrategy's cash reserves increased to $3 billion from approximately $2.55 billion, an amount sufficient to cover the company's preferred stock dividends for about 20 months. Analysts noted this development eases concerns t

The USD-KRW exchange rate climbed 10.90 won to 1,491.30 won in overnight trading as of 2:07 AM on the 18th, compared to the previous session's Seoul daytime close of 1,480.40 won. The surge was driven by escalating US-Iran tensions and a sharp rise in international oil prices, which triggered risk-a

According to UBS on July 17, semiconductor stocks posted declines this week amid broader market concerns, with the Philadelphia Semiconductor Index (SOX) falling 8% this week and 17% this month. However, UBS forecasts earnings growth for SOX companies to reach 92% this year and an additional 40%

Friday (July 17), the U.S. storage chip and hardware supply chain index declined 0.77% to 189.38 points, down over 31.12% from its June 22 closing record of 274.95. The index has fallen 17.61% for the week and remained in decline throughout the

According to ECB board member Cipollone on Friday, July 11, stablecoin growth poses a risk to European bank retail deposits, adding to losses already incurred from mobile payment platforms. Cipollone noted that two-thirds of card payments in the euro area route through non-European schemes, and 13 o

On Friday, July 17, U.S. equity sector ETFs closed broadly lower. The Global Airlines ETF led declines with a 2.53% drop, followed by Semiconductors ETF down 2.18%. Regional Banks ETF fell 1.58%, while Tech and Internet stocks ETFs declined around 1.31%. Energy ETF was the sole gainer,

This week, S&P 500 declined 1.55%, Nasdaq fell 2.9%, and Dow Jones dropped 0.93%.

Intuitive Surgical Inc. (ISRG) fell 14% today, marking its worst single-day performance since April 2022.

According to Jin10, on Friday, July 18, the three major U.S. stock indices closed lower. The Dow Jones fell 0.77%, the S&P 500 declined 1.07%, and the Nasdaq dropped 1.4%. Among semiconductor stocks, Western Digital (WDC) rose 2.23% and SK Hynix ADR (SKHY) gained 1.13%, while Nvidia (NVDA) fell 2.21

This week, U.S. semiconductor storage stocks saw sharp declines, with the sector index falling 16.7%. SanDisk dropped 27.3%, Western Digital fell 17.6%, and Micron declined 11.8%. Broader U.S. equity indices also retreated. The S&P 500 fell approximately 1%, the Nasdaq 100 Index fell 1.5%, and the

According to Bloomberg EV Price Return Index data, the index fell 2.42% at New York close on Friday (July 17) to 3304.17 points. The index declined 3.85% for the week.

The ICE U.S. Dollar Index ended Friday (July 17) near flat at 100.766, declining 0.18% for the week, as U.S. CPI and PPI releases triggered two notable selloffs. The Bloomberg Dollar Spot Index fell 0.14% weekly to 1,217.29, with trading ranges at ICE

According to Jin10, President Trump stated on July 18 that June's CPI fell to its lowest level in six years, coming in below forecasts from all 67 Bloomberg-surveyed economists. Real wages surged 0.8% amid wage growth and falling prices, with declines recorded across gasoline, electricity, auto

Bolivia is considering a regulatory framework that would recognize Tether's USDT as a payment currency, according to Economy and Public Finance Minister Jose Gabriel Espinoza, as the country faces a prolonged US dollar shortage. The proposal follows Bolivia's lifting of its crypto ban in 2024 and co