π° Hourly Briefing | 2026-08-11 10:00 CST
Fed whisperer: this week's CPI and month-end PCE will test Wash's hawkish stance; Trump extends Jones Act shipping waiver for 90 days but narrows scope to energy transport, SPR at lowest since 1983; NVIDIA partners with six major financial institutions on $500B AI infrastructure financing; RBA rate decision due at 12:30, expected to hold at 4.35%.
π Market Snapshot
| Asset | Latest | Intraday Change |
|---|---|---|
| Spot Gold (XAUUSD) | 4425.42 | -0.80% |
| WTI Crude (USOIL) | 81.478 | -0.04% |
| Brent Crude | 87+ | +0.10% |
| SHFE Gold Main | 963.04 RMB/g | +2.00% |
| SHFE Silver Main | 16214 RMB/kg | +4.00% |
| USD/CNY | 6.7900 | +16 pips |
A-shares opened lower: Shanghai Composite at 3950.71 (-0.40%), Shenzhen Component at 14266.44 (-0.35%), ChiNext down 0.09%. Hong Kong Hang Seng slightly up 0.24% at 25998.59, Hang Seng Tech up 0.27%. Korea KOSPI gained 1.00%.
PBOC conducted no reverse repo operations today, net draining 465 billion yuan. Treasury futures all slightly lower, with 30-year main contract down 0.12%.
π₯ Key News This Hour
1. Fed Whisperer: Two Inflation Reports to Test Wash’s Hawkish Stance Wash has made fighting inflation his “signature,” but couldn’t even clarify whether to hike after last month’s FOMC meeting. Market skepticism is growing, with Treasury yields rising. This week’s CPI and month-end PCE will serve as key validation windows.
2. Trump Extends Jones Act Shipping Waiver 90 Days, Narrows Scope to Energy Transport U.S. Strategic Petroleum Reserve has dropped to its lowest level since 1983. To stabilize oil prices ahead of midterms, the Trump administration announced a Jones Act waiver extension, but narrowed applicability to energy transportation.
3. NVIDIA Partners with Six Major Financial Institutions on $500B AI Infrastructure Financing NVIDIA announced a collaboration with six major financial institutions to build a large-scale AI infrastructure financing framework, totaling $500 billion.
4. Apple’s 20th Anniversary iPhone Glass Design Not Cancelled, Coming 2027 Sources reveal Apple is still pursuing a glass-centric iPhone redesign to celebrate the device’s 20th anniversary, refuting earlier analyst reports that the plan had been scrapped.
5. Global Humanoid Robot Shipments Triple in H1, Chinese Makers Hold 97% Share According to Smart Analytics Global, approximately 19,100 humanoid robots were shipped globally in H1 2026, nearly triple year-over-year, with Chinese manufacturers accounting for 97%.
6. LandSpace Zhuque-3 Y2 Rocket Launch Postponed The launch originally scheduled for the morning of August 11 has been delayed. The previously announced airspace restriction window was 7:40-8:27 AM.
π§ Situation Assessment
Gold and silver show notable divergence: SHFE gold main contract up 2% and silver up 4%, but USD-denominated XAUUSD remains 0.80% below previous close, reflecting the dual drivers of RMB depreciation and safe-haven flows creating anε ε€η disparity.
The Middle East remains the core variable for oil prices. U.S.-Iran negotiation deadlock persists, Hormuz Strait uncertainty unresolved, Brent above $87/barrel, while WTI remains relatively flat.
The unclear Fed path remains the market’s biggest unresolved risk. If Wash’s hawkish stance is disproven by CPI data, Treasury yields could see a turning point.
Today’s U.S. data calendar is dense: ADP employment, NFIB small business optimism, and existing home sales will be released sequentially tonight, alongside the RBA rate decision, providing direction for global risk appetite.
β° Upcoming Key Data
| Time (CST) | Event | Importance |
|---|---|---|
| 12:30 | RBA Rate Decision (expected 4.35% unchanged) | βββ |
| 18:00 | U.S. July NFIB Small Business Optimism Index | βββ |
| 20:15 | U.S. Weekly ADP Employment Change (week of Jul 25) | βββ |
| 20:55 | U.S. Redbook Retail Sales YoY (week of Aug 8) | ββ |
| 22:00 | U.S. July Existing Home Sales Annualized (expected 4.04M) | βββ |
| 22:00 | U.S. July Existing Home Sales MoM | ββ |