News

Shell has signed an agreement with Total Energy to sell its portfolio of onshore renewable energy assets in Europe.

Switzerland's July CPI rose 0.1% month-on-month, compared to a forecast of -0.10% and a previous reading of 0.00%.

Switzerland's July CPI rose 0.4% year-on-year, below the expected 0.40% and the previous reading of 0.50%.

Australia's S&P/ASX 200 index closed up 22.20 points, or 0.25%, at 8999.00 on Monday, August 3.

Swiss July CPI monthly rate will be released in ten minutes.

According to RIA Novosti, Russia is taking measures to ensure the safety of navigation and protect ships in the Sea of ​​Azov and the Black Sea in response to drone attacks.

According to the Danish automotive statistics website Bilstatistik.dk, Tesla's registrations in Denmark increased by 52% year-on-year in July.

Germany's real retail sales fell 1.1% month-on-month in June, compared with a forecast of -0.1% and a revised figure of 1.00% for the previous month (originally 1.10%).

Germany's real retail sales fell 0.2% year-on-year in June, compared with 1.8% in the previous month.

Russian authorities claim to have shot down 131 Ukrainian drones in western Russia.

Russian online retailer Wildberries said its logistics facility in the Vladimir region caught fire after being attacked.

According to Interfax news agency, Russia announced that it had struck three ships carrying military cargo in the Black Sea.

India's final manufacturing PMI for July was 53.5, in line with expectations and down from 53.9 in July.

According to TASS, a warehouse in Russia's Vladimir region was attacked by a drone.

India’s NIFTY Small Cap 100 index rose 1%.

Euro Stoxx 50 futures and German DAX futures both rose by more than 1%.

Nasdaq futures extended gains to 1.0%, while S&P 500 futures rose 0.6%.

1. The four major US cloud providers—Google, Microsoft, Amazon, and Meta—continue to significantly raise their AI capital expenditure forecasts. Combined capital expenditures are projected to exceed $860 billion in 2026, representing a year-on-year increase of approximately 80%; and are expected to further rise to approximately $1.2 trillion in 2027, a year-on-year increase of approximately 38%. 2. This expansion is not solely based on optimistic expectations, but is supported by over $2.3 trillion in long-term customer contracts and order backlogs, representing a quarterly increase of approximately 16%, significantly improving demand visibility. 3. AI sales at each company continue to maintain high growth rates of 80%-100%, and profit margins for both cloud and AI businesses are improving. The short-term cost is pressure on free cash flow. As capital expenditures rise to over 100%-115% of operating cash flow, the industry's free cash flow profit margin is expected to fall to approximately -1% in 2026, and further to -5% to -6% in 2027-2028. However, it is expected to recover thereafter as returns on AI investments materialize. 4. The five largest hyperscale manufacturers have raised approximately $270 billion this year, primarily through long-term debt and equity financing. This is largely to optimize balance sheets and maintain liquidity, and does not necessarily indicate a tight cash flow. 5. The main beneficiaries in the industry chain include computing chips, storage, semiconductor equipment, power semiconductors, and optical communications. (Source: Bank of America)

Japanese Finance Minister Satsuki Katayama declined to comment on whether foreign exchange intervention was carried out today.

Japanese Chief Cabinet Secretary Minoru Kihara: Japan and the United States maintain close communication on foreign exchange issues. If necessary, Japan will not hesitate to take further foreign exchange action.