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₼U.S. major indexes closed lower yesterday. Walmart’s weaker-than-expected same-store sales and guidance weighed on the consumer sector and dragged the three major averages lower. Silver and platinum rose sharply, supported by lower yields from expanded long-bond buybacks and a softer dollar. Bitcoin climbed toward $75,000, lifting crypto-related equities. Markets are now focused on the August S&P Global Manufacturing and Services PMI flash readings due on August 21 U.S. Eastern Time, which will directly influence September rate-path pricing.
WEEX weekly market preview focuses on the Fed’s July meeting minutes, the U.S. August Flash PMI, and key events from Fabrinet, Keysight, Analog Devices, and Walmart. The week’s core narrative centers on policy-path repricing, AI value-chain earnings validation.
The Bank of Russia has proposed updating the financial stability standards for professional market participants: in their calculations, they will have to consider digital currencies as a separate type of asset. The new rules will affect brokers, asset managers, forex dealers, and crypto exchanges.