πŸ“Š Market Snapshot

  • Gold XAUUSD: $4,341.11 (Friday close +2.37%)
  • WTI Crude USOIL: $76.35 (Friday close -1.32%)

Note: Sunday β€” US markets closed. Quotes are from Friday (8/8) close.

πŸ”₯ Key News This Hour

1. Next Week’s US CPI Data in Focus

Reuters survey of economists expects July headline CPI YoY to ease from 3.5% to 3.4%, core CPI from 2.6% to 2.5%. Citi and BofA diverge on September rate hike outlook β€” if inflation cools as expected, rate cut expectations strengthen; the divergence itself signals elevated uncertainty ahead of the release.

2. Trump Patient with Iran Standoff

Per WSJ, US officials say Trump expects to weather the diplomatic standoff, especially with gasoline prices at current levels. White House officials insist all military objectives against Iran have been achieved, with focus on Strait of Hormuz transit security.

3. Cyprus Could Supply Gas to Europe by 2028

Cyprus’s energy minister says the country could begin supplying Eastern Mediterranean natural gas to Europe as early as March 2028. The Ukraine crisis and Middle East conflicts have accelerated Europe’s energy diversification efforts.

🧭 Assessment

Next week’s CPI is the core focus. Markets expect a slight inflation cooldown, but Citi-BofA divergence on September rate outlook signals increased pricing uncertainty ahead of the data.

Iran situation shows no escalation signs; the Trump administration is taking a patient stance, keeping oil prices relatively stable.

Strait of Hormuz transit remains a geopolitical risk point β€” any sudden escalation could directly impact crude supply.

Overall, weekend news flow is relatively calm. Next week’s open will likely be anchored by CPI expectations.

⏰ Upcoming Key Data

  • Monday: Japan June trade balance, Eurozone August Sentix investor sentiment, China July M2 money supply YoY
  • Wednesday: ⭐⭐⭐ US July CPI (headline expected 3.4%, core expected 2.5%)
  • This Week: JD.com & Tencent Q2 earnings; China domestic oil price adjustment