**July 8, 2026 Global Financial Hotspots Quick View**
**U.S. Stocks**
1. **S&P 500 rose 0.7%, tech stocks lead** Market digested dovish Fed minutes, Apple, Nvidia and other heavyweights drove the rebound.
2. **Tesla announces Shanghai plant capacity to 1.5 million vehicles annually** Tesla shares rose 2.3% after hours, new production line to start in Q4 to address global order backlog.
3. **Goldman Sachs cuts U.S. Q2 GDP forecast to 1.8%** Due to slowing consumer spending and widening trade deficit, Goldman became second investment bank this week to cut U.S. growth forecast.
4. **Meta launches AI ad auto-generation tool, Q3 revenue guidance beats expectations** Digital ad recovery plus new tool pushed Meta up over 4% after hours, institutions raised target prices.
5. **Boeing 787 Dreamliner deliveries halted due to engine issues** GE engine blade cracks found, Boeing shares fell 1.9%, affecting about 30 aircraft delivery plans.
**Hong Kong Stocks**
6. **Hang Seng Index fell 0.3%, mainland property stocks under pressure** Country Garden shares fell another 5% after debt restructuring plan, market fears sector liquidity not yet cleared.
7. **Meituan Select announces profitability, community group-buy business posts first quarterly positive profit** Cost control and higher average order value paid off, Meituan shares rose 1.2% against the trend, institutions optimistic about cost-cutting trend.
8. **Hong Kong Monetary Authority follows Fed in pausing rate hikes, keeps base rate at 5.25%** HKD exchange rate stable near 7.82, interbank lending rates slightly down, short-term liquidity adequate.
**A-Shares**
9. **Shanghai Composite Index edged up 0.1%, new energy sector rebounded** Solar supply chain prices stabilized, LONGi Green Energy and Tongwei rose over 3%, northbound net buying reached 1.5 billion yuan.
10. **China June CPI rose 0.3% YoY, PPI narrowed to -2.1% YoY** Core CPI still weaker than expected, industrial goods prices marginally improved, market awaits stronger fiscal stimulus signals.
11. **CSRC issues new rules: STAR Market refinancing threshold lowered** Allows unprofitable firms small rapid financing, semiconductor and biotech companies directly benefit, STAR 50 index rose 0.8%.
**Commodities**
12. **WTI crude futures fell 1.5% to $81.2/barrel** EIA data showed unexpected 3.4 million barrel increase in U.S. crude inventories, refinery utilization drop dampened demand outlook.
13. **COMEX gold futures rose 0.9% to $2,380/oz** Weaker dollar and Middle East uncertainty boosted safe-haven buying, gold hit two-week high.
14. **London copper prices fell below $9,500/ton, three-month low** China June copper imports down 12% MoM, plus global manufacturing PMI contraction, demand concerns intensified.
15. **Chicago soybean futures rose 2.1% due to worsening U.S. Midwest drought** USDA lowered soybean good-excellent rating to 58%, weather speculation pushed soymeal and soyoil higher.
**Forex**
16. **Dollar index fell 0.4% to 104.8, lowest since June** Fed minutes showed some officials supported rate cuts, non-U.S. currencies broadly stronger, EUR/USD returned to 1.09.
17. **USD/CNY central parity at 7.1350, offshore rate broke above 7.14** PBOC counter-cyclical factor continued to exert force, plus increased export corporate settlements, short-term RMB appreciation pressure emerged.
**Cryptocurrencies**
18. **Bitcoin rose 3.5% to $68,000, Ethereum broke $3,800** BlackRock filed amended spot Ethereum ETF application, market expects SEC approval in August, capital inflows accelerated.
19. **U.S. Treasury proposes new rules: crypto exchanges must report transaction party identities** Aimed at combating money laundering, Coinbase and Binance shares fell 2-3%, industry compliance costs may rise.
**Central Bank Policy**
20. **Fed June meeting minutes: most officials believe more data needed to confirm inflation decline** Minutes showed "if inflation remains high, further rate hikes may be needed," but market still prices 55% chance of September rate cut.
21. **ECB President Lagarde: does not rule out further rate hike in September** Eurozone June core CPI still at 5.1%, Lagarde stressed "inflation fight not over," euro briefly spiked.
**Economic Data**
22. **U.S. June ADP employment increased 142,000, below 160,000 expected** Services hiring slowed, but labor market remains tight, Friday nonfarm data may further impact rate cut expectations.
23. **Japan May core machinery orders fell 3.2% MoM, second consecutive decline** Corporate capital spending weak, Nikkei 225 fell 0.5%, USD/JPY stayed near 159.
24. **UK June services PMI final revised down to 51.2, five-month low** New orders growth slowed, GBP/USD fell 0.3%, market expectations for BoE August rate cut increased.