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CPCA preliminary: Jun 1-30 China passenger new energy vehicle (NEV) retail 1.037 mln, down 7% YoY, up 9% vs May; YTD retail Jan–Jun 4.734 mln, down 13% YoY. Jun 1-30 NEV wholesale 1.506 mln, up 22% YoY, up 11% vs May; YTD wholesale 6.812 mln, up 6% Y

2026-07-03

CPCA preliminary: Jun 1-30 China passenger new energy vehicle (NEV) retail 1.037 mln, down 7% YoY, up 9% vs May; YTD retail Jan–Jun 4.734 mln, down 13% YoY. Jun 1-30 NEV wholesale 1.506 mln, up 22% YoY, up 11% vs May; YTD wholesale 6.812 mln, up 6% YoY.

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2026-07-02

The weak non-farm payrolls data and downward revision of the previous figure directly impacted market expectations of employment resilience, causing short-term interest rates to fall more rapidly. The decline in 2-year and 3-year Treasury yields was

The weak non-farm payrolls data and downward revision of the previous figure directly impacted market expectations of employment resilience, causing short-term interest rates to fall more rapidly. The decline in 2-year and 3-year Treasury yields was significantly greater than that of long-term yields, indicating that the main trading theme is not "pricing a long-term recession," but rather a decreasing necessity for the Federal Reserve to further raise interest rates. The decline in the unemployment rate and the lack of a significant slowdown in wage growth prevented long-term yields from falling sharply, making this a more like a preemptive move to meet easing expectations, resulting in a slightly steeper yield curve.
2026-07-02

The Nasdaq 100 index fell further to 0.5%.

The Nasdaq 100 index fell further to 0.5%.
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