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First, macroeconomics
First, macroeconomicsIn China, China's GDP in the second quarter was in line with expectations, and the economy grew steadily, but manufacturing and investment fell sharply, and economic worries remained
.
In the United States, the Fed's July FOMC meeting left interest rates unchanged, affirming the recovery of the US economy and the decline in economic risks, but business investment remained sluggish, coupled with the release of the second quarter GDP data at the end of the month significantly less than expected, the market's expectations for the Fed's interest rate hike in September and the year have declined, and the commodity market has rebounded
sharply after adjustment.
In Europe, the eurozone economy slowed
as expected.
Eurozone GDP for the second quarter was 0.
3% q/q, down from 0.
6%
in the previous month.
This suggests that even before the UK voted to leave the EU, the modest recovery of the eurozone economy was fragile
.
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