0813 | Dolphin Research Focus: 🐬 Macro/Industry. 1) US Jul CPI rose 3.4% YoY vs. 3.5% prior, with core CPI at 2.5% YoY vs. 2.6%. MoM prints were in line with consensus, and shelter remained the primary driver of inflation.

0812 | Dolphin Research Watchlist: 🐬 Macro/Industry 1) At 8:30 a.m. ET on Wed (8:30 p.m. Beijing), the U.S. Bureau of Labor Statistics will release Jul CPI. The print lands just weeks before the Sep FOMC.

0811 Dolphin Focus: 🐬 Macro/Industry 1. Douyin Life Services made Doubao an exclusive hospitality & travel transaction channel effective 00:00 on Aug 10. Hotel orders incur an 11.4% software service fee plus a 0.6% payment processing fee, for a 12% all-in take rate. Previously, Doubao traffic was categorized under Douyin’s organic channel with an 8% blended rate.

0807 ｜ Dolphin Research Focus: 🐬 Macro/Industry 1) Overnight, gold rallied sharply. Goldman Sachs notes Chinese capital is returning, and Trump signaled talks on reopening the Strait of Hormuz. With marginal easing in geopolitical tensions and cooler Fed tightening expectations, falling US real yields lifted gold.

0805 | Dolphin Research Focus: 🐬 Macro/Industry 1) Reports last night indicated the Trump administration is drafting new rules to impose an import ban on new data center components from China. The draft remains under internal review and is not yet a formal bill.

0804 | Dolphin Research Focus: 🐬 Macro/Sector 1)

0803 | Dolphin Research Key Focus: 🐬 Macro/Industry. Listed automakers are releasing Jul production and sales flashes.

0729 | Dolphin Research Focus: 🐬 Macro/Industry. 1) In the early hours of Jul 30 Beijing time, the Fed will announce its Jul rate decision.

0728 | Dolphin Focus: Macro/Sector. 1) According to foreign media, Shanghai state-owned firms have begun small-batch production of domestically built immersion DUV lithography systems, with five units planned for this year. The first batch is slated for delivery to SMIC, Hua Hong Semiconductor, and CXMT.

0724 | Dolphin Research Focus: 🐬 Macro/Industry 1) At 00:01 ET Fri (12:00 BJT on Jul 24), the U.S. rolled out a new import tariff schedule with rates of 10%–12.5% across ~60 economies, replacing the expiring global temporary tariffs. Based on Section 301, rates vary by economy, with exemptions for food, fuel, and certain industrial goods. Heightened unilateral trade barriers could exacerbate global trade frictions, weigh on profit expectations for export-oriented manufacturing supply chains, and near term dampen market risk appetite...