1. The European Commission officially launched an “in-depth investigation” on Tuesday into whether US tech giant Google’s $2.1 billion acquisition of smartwatch maker Fitbit will give it an unfair market advantage. 

2. The dollar index fell 4.2% in July, its biggest drop since September 2010. Steven Barrow, head of foreign exchange research at Standard Bank, believes that rising economic and political risks in the run-up to the US election pose a “risk of collapse” for the dollar, which usually occurs only in emerging market currencies.

3. The three major indexes of US stocks closed slightly higher, with the Dow up 0.62% at 26828.47, the Nasdaq up 0.35% at 10941.17, a new high, and the S & P 500 up 0.36% at 3306.51. Among the major technology stocks, chip stocks AMD rose more than 9%, while Apple rose 0.6%, continuing to close at an all-time high.

4. The three major indexes of US stocks closed slightly higher, with the Dow up 0.62% at 26828.47, the Nasdaq up 0.35% at 10941.17, a new high, and the S & P 500 up 0.36% at 3306.51. Among the major technology stocks, chip stocks AMD rose more than 9%, while Apple rose 0.6%, continuing to close at an all-time high.

5. OPEC oil production surged in July as Saudi Arabia and other Gulf states ended voluntary production cuts and other member states made limited progress in implementing the agreement. According to the survey, OPEC oil production in July was 23.32 million b / d, an increase of 970000 b / d over the revised production in June, which was the lowest since 1991.

6. In July, the global manufacturing industry as a whole showed a pattern of differentiation between the east and the west. In the West, a number of European and American economies have rebounded for two or three months in a row, with the euro zone and Germany returning above the boom line after a few months. In the east, with the exception of China’s five-month expansion, Japan, South Korea and ASEAN are still below the boom line, although the contraction has slowed. While the global economy and manufacturing continue to rebound, it will take time for the global manufacturing and economy to recover further under the risk of recurrence and rebound in multinational outbreaks and against a backdrop of worsening tensions between China and the United States.

7. Affected by the COVID-19 epidemic, Peru’s production of copper, gold and zinc plummeted in the first half of 2020. Copper production fell 20.4% in the first half compared with the same period in 2019, gold production fell 34.7% and zinc production fell 23.7% compared with the same period in 2019. It is understood that as the country’s pillar industry, the mining industry has gradually resumed normal operation since May.

8. Lebanon: The explosion destroyed the main granary and grain crops in the port of Beirut, leaving Lebanon with less than a month of food stocks, while domestic stocks need at least three months to ensure adequate food, the situation is in jeopardy.

9. The Bank of England: keep the benchmark interest rate unchanged at 0.1% and the total size of asset purchases unchanged at 745 billion pounds, in line with market expectations. The Bank of England forecasts UK GDP growth of-9.5% in 2020. 

10. Central bank of Brazil: the benchmark interest rate was cut by 25 basis points to 2.00%, in line with market expectations. The rate cut is the ninth consecutive rate cut by the Brazilian central bank since July last year.