The recent news headlines from the United News Network include Lin Yuting and Yang Junhan closing the Paris Olympics with a flag parade, where the audience sang along to the world-famous song “We Are the Champions”. In the Paris Olympics, Taiwan won 2 gold and 5 bronze medals, showcasing an impressive performance. Additionally, 7 counties and cities face deductions in non-mandatory social welfare subsidies.
Moving on to international finance news, Disney has announced an expansion plan that involves adding areas dedicated to movie villains in the Magic Kingdom in Florida. The stock market in the United States experienced a two-day rebound last Friday, with significant fluctuations in trading, almost recovering all lost ground within a week. The S&P 500 index, Nasdaq Composite Index, and Dow Jones Industrial Average all saw positive gains.
In terms of bond rates, the 2-year, 10-year, and 30-year Treasury bond yields increased significantly throughout the week, with the 10-year yield returning to pre-employment data levels from early August. Investors are closely monitoring yield curve trades, U.S. economic data, and geopolitical risks for further developments.
The focus on employment is expected to shift towards inflation soon, as the July Consumer Price Index (CPI) is anticipated to drop to 3%, with retail sales data being released shortly after. Amid concerns about inflation, investors have turned to the safety of bonds, providing a safe haven during stock market declines. Fed official Bowman remains cautious about interest rate cuts, citing inflation risks and a strong labor market as reasons to hold off on cutting rates.
Furthermore, Intel has postponed its annual technical innovation event, signaling a shift in their cost-saving measures. Disney is also expanding its theme park facilities, with plans to introduce new cruise ships and themed areas in various locations. These updates in the international arena reflect the dynamic nature of global affairs, finance, and entertainment.
