π° Hourly Briefing | 2026-08-08 14:00 CST
JPMorgan notes Q2 earnings season shows broad EPS beats across US and Europe; Gold surges 2.37% above $4,340, WTI crude falls 1.32% to $76.35; China's Ministry of Water Resources reports 13 rivers remain above warning levels, national flood control headquarters activates Level IV response for Jiangsu and Anhui.
π Market Snapshot
- Gold XAUUSD: $4,341.11 (Daily +$100.66 / +2.37%), Day High $4,371.77, Low $4,229.73
- WTI Crude USOIL: $76.35 (Daily -$1.02 / -1.32%), Day High $77.87, Low $75.68
π₯ Key News This Hour
JPMorgan: Q2 Earnings Season Shows Broad EPS Beats in US and Europe β Earnings season is in its late stages with ~80-85% of companies having reported in both the US and Europe. This quarter’s earnings have been strong, with both regions showing EPS beats and notable upside surprises.
China Ministry of Water Resources: 13 Rivers Remain Above Warning Levels β Over the next three days, Qiantang River, Yong River, Jiao River, and Shuiyang River may see numbered flood events. As of 09:00 on August 8, 13 rivers across Heilongjiang, Inner Mongolia, Hebei, and Yunnan remain above warning levels.
National Flood Control HQ Activates Level IV Flood and Typhoon Response for Jiangsu and Anhui
Alaska Earthquake: Magnitude 5.2 β Depth 10km, officially recorded by China Earthquake Networks Center.
π§ Market Assessment
Gold surged over 2% intraday, breaking above $4,340 with a session high of $4,371.77, signaling a notable rise in safe-haven sentiment.
WTI crude weakened, falling more than 1.3% to $76.35, diverging from gold’s trajectory and reflecting persistent demand-side concerns.
JPMorgan highlighted robust Q2 earnings with broad EPS beats across US and Europe, providing fundamental support for risk assets.
Weekend liquidity is thin; gold’s gains may face pullback risk on Monday.
β° Upcoming Key Data
Saturday β no major economic data releases scheduled. Watch for US data calendar updates on Monday.