Global TradFi & Macroeconomics

According to its official interim results, Kingdee International (00268) reported H1 2026 revenue of approximately 3.625 billion yuan, up 13.6% year-over-year. The company's profit attributable to equity holders reached approximately 54.497 million yuan, reversing a loss of 97.738 million yuan in

Fitch maintains its 2026 Brent crude oil forecast at $87 per barrel, with risks tilted to the downside. The rating agency projects Brent will enter an oversupply phase starting in September, with fourth-quarter 2026 prices falling to $70 per barrel. Fitch attributes the bearish outlook to supply-sid

MUFG stated the US dollar remains undervalued against eight of nine G10 currencies, with additional risk premium still reflected in pricing. The assessment attributes this premium largely to policy and political uncertainty. MUFG identified three factors behind recent dollar movements: reduced risk

Datadog reported Q2 revenue of $1.12 billion, up 35.6% year-over-year and exceeding expectations, with non-GAAP earnings per share surpassing analyst forecasts by 11.4%. However, the stock declined sharply after the company disclosed that its largest customer—a major AI firm—renewed contracts

Macom Technology Solutions guided Q4 revenue to $415-425M, implying approximately 24% sequential growth after 18% quarter-over-quarter growth in Q3. The accelerated guidance suggests the 800G/1.6T optical ramp is ramping faster than previously expected, signaling continued strength in AI

Goldman Sachs reported that implied correlation among S&P 500 stocks has fallen to multi-decade lows, a dynamic suppressing index volatility despite surging individual stock fluctuations. The investment bank attributed this divergence to AI-related trading concentration driving stock-specific

According to Fitch's current analysis, Brent crude oil is expected to average $87 per barrel for 2026, with prices declining to $70 per barrel in the fourth quarter as global supply shifts toward surplus conditions from September onward. The forecast reflects Fitch's assessment that June's

US 30-year fixed mortgage rates reached 6.69% for the weekly period ending July 31, 2025, according to Freddie Mac data, marking the highest level since the July 31, 2025 weekly period. The rate rose 0.03 percentage points from the previous week's 6.66%, driven by sustained market expectations of

Fundstrat's Tom Lee expects the S&P 500 to reach 7,900–8,000 this month, implying continued strength in the benchmark equity index.

According to Goldman Sachs, the implied correlation among S&P 500 constituents has fallen to its lowest level in decades, a factor suppressing the index's implied volatility. The analysis points to concentrated trading in AI-related stocks driving differentiation among individual securities, while c

According to Freddie Mac, the average interest rate on U.S. 30-year fixed-rate mortgages reached 6.69% this week, up 3 basis points from the prior week and marking the highest level since July 2025. The mortgage rate typically tracks the 10-year Treasury yield

According to Jin10, Zhiguang Electric denied today rumors circulating on social media and in the market that its BESS energy storage system and solid-state transformer had completed Nvidia AIDC BESS full self-qualification testing and NVOnline credential registration. The company stated the

Celsius Holdings (CELH) stock fell 16% in pre-market trading after the company reported second-quarter revenues and adjusted earnings per share that missed Wall Street estimates. The energy drink maker posted Q2 revenues of $817.9 million, an 11% year-over-year increase, falling short of the $872.6

Asia-Pacific stock markets closed lower today, with Japan's Nikkei 225 index falling over 1.5% and South Korea's KOSPI index declining nearly 1.8%, pressured by overnight US technology stock selling. China's Shanghai Composite opened lower but recovered during the session to close down

CMTX addressed shareholder concerns last month regarding expanded issuance limits for convertible bonds and bonds with warrants, stating the company has no current plans to issue these securities. The Korean stocks-listed semiconductor components manufacturer raised the limits at a shareholder

According to Zhitong Finance, on August 11, Hang Seng Index night futures (August contract) opened at 25,629 points at 5:02 PM Beijing time. The contract rose 1 point, or 0.004%, and traded at a discount of 24 points. Trading volume reached 104 contracts, with total open interest of 114,233 contract

According to UK Maritime Trade Operations, a tanker was involved in an incident with military forces in the Gulf of Oman today. The organization received a report regarding the encounter but did not disclose further

Hedge funds net purchased $4.8 billion in US stocks last week, marking the second-largest weekly buying volume since 2008. The move diverged sharply from institutional investors, who net sold $3.8 billion and ended a four-week buying streak, while retail investors recorded a modest $200 million in n

Celsius Energy Drink reported 2Q revenues of $817.9 million, up 11% year-over-year but missing the consensus estimate of $872.6 million. Adjusted EPS came in at $0.36 versus the estimate of $0.41, with the stock declining 16% in pre-market trading on the miss. North America revenue reached $790.7 mi

SpaceX and Tesla announced today the construction of Terafab, an advanced semiconductor manufacturing facility in Grimes County, Texas. The initial phase requires approximately $16.8 billion in capital investments and will employ at least 3,000 people, with 60-80% expected to be local hires from Gri