Reminder: Key Focus for the Day (All times in Beijing Time)

① 08:35 San Francisco Fed President Daly (2027 FOMC voter) speaks at ESRI (Economic and Social Research Institute); ② 09:30 Australia's June exports, imports, and goods and services trade balance; ③ Time TBD SpaceX stock unlock wave approaching: $116 billion worth of shares enter circulation; ④ Time TBD Musk's AI Grok 4.6 is set to be released; ⑤ 14:00 Germany's June factory orders; ⑥ 16:00 ECB publishes Economic Bulletin; ⑦ 20:30 US continuing jobless claims for the week ended July 25, preliminary Q2 nonfarm unit labor costs; ⑧ 22:00 US final June wholesale inventories; ⑨ 03:00 next day Bank of Mexico announces interest rate decision; ⑩ 05:30 next day St. Louis Fed President Musalem speaks at CDPP (Center for Discussion on Public Policy);