July 14 European and American Market Important News Summary
Domestic News:
1. Iranian Foreign Minister will visit China.
2. General Administration of Customs: Zero tariffs will be implemented for 53 African countries that have established diplomatic relations.
3. National Healthcare Security Administration: The basic medical insurance coverage rate in China remains stable at over 95%.
4. Zhou Lan, Deputy Governor of the People's Bank of China: China does not seek to gain international competitive advantage through currency depreciation.
5. Central Committee of the Communist Party of China: Strictly punish financial crimes such as market manipulation, insider trading, illegal fundraising, loan fraud, and money laundering according to the law.
6. Wang Lingjun, Deputy Director of the General Administration of Customs: As of the second quarter of this year, the import and export of private enterprises in China has continued to grow year-on-year for 21 consecutive quarters, with growth rates continuously leading.
7. People's Bank of China: Preliminary statistics show that the cumulative increment of social financing scale in the first half of 2025 is 22.83 trillion yuan, an increase of 4.74 trillion yuan compared to the same period last year.
8. Central Bank: On July 15, 2025, the People's Bank of China will conduct a 1.4 trillion yuan reverse repo operation through fixed quantity, interest rate bidding, and multiple price level bidding methods.
9. Wang Lingjun, Deputy Director of the General Administration of Customs: Recently, positive progress has been made in trade talks in Geneva and London, and China-US trade has rebounded. The import and export value in June rose from less than 300 billion yuan in May to over 350 billion yuan, and the year-on-year decline has also significantly narrowed.
10. People's Bank of China: At the end of June, the balance of broad money (M2) was 330.29 trillion yuan, an increase of 8.3% year-on-year. The balance of narrow money (M1) was 113.95 trillion yuan, an increase of 4.6% year-on-year. The balance of currency in circulation (M0) was 13.18 trillion yuan, an increase of 12% year-on-year. A net cash injection of 363.3 billion yuan was made in the first half of the year.
International News:
1. Indian Trade Minister: US-India trade negotiations are progressing rapidly.
2. Federal Reserve's Harker: There is currently no urgent need for interest rate cuts.
3. AXIOS: Powell asks Federal Reserve examiners to review renovation costs.
4. EU Trade Chief: Plans to hold talks with US counterparts later on Monday regarding the situation.
5. Member of Iran's National Security Council: The military agreement regarding the Strait of Hormuz has been finalized, but the decision to close the strait has not been made yet.
6. Hassett, Director of the White House National Economic Council: The Federal Reserve should remain independent, but it is “very wrong” on tariff issues.
7. CNN: Brazil plans to ask the US to reduce tariffs to 30% and delay tariff deadlines by 90 days; at the same time, Brazil will announce a reciprocal countermeasure decree regarding US tariffs.
