ECB board member KAZIMIR said second-round inf effects, once established, would be very costly to reverse, and the ECB must act before they arise.

Writing in The Washington Post, President Lula criticized recent U.S. tariff pressure on Brazil. He said negotiations and a U.S. Supreme Court ruling annulled the initial tariff measures introduced in July last year, but in July this year the U.S. imposed new tariffs of 12.5%–37.5%. Lula called the new duties unfair and a strategic error, saying they harm the U.S. economy and the bilateral partnership and will, over the medium to long term, disrupt highly integrated supply chains as Brazilian firms replace U.S. suppliers with other partners.

1、滬深兩市7月24日總成交量下降至1.94萬億，明顯低於20日均線2.86萬億。 2、7月24日衡量A股槓桿水平的融資買入額佔A股流動市值之比爲9.87%，繼續圍繞着10%大幅波動。 -------- 注：1、兩市成交量反映了各大機構、遊資、廣大散戶對A股看法，高於均線代表總成交量升高，市場情緒偏樂觀，低於均線代表總成交量下降，市場情緒降溫。 2、2015年以來，A股槓桿水平大部分時候維持在6%-10%，槓桿率超過10%意味着市場活躍度較高，可能接近或者處於牛市。達到15%以上意味着市場有過熱風險，需要警惕風險。