Zhimeitong | International Highlights

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[Amazon live broadcast "can't bring goods"] With the help of Internet celebrities to bring goods, Amazon is vigorously promoting the live broadcast e-commerce business on the platform. Celebrities including comedian Kevin Hart, Australian model Miranda Kerr, actress Kyle Richards and more joined Amazon's livestreaming team during Amazon Prime Days July 11-13 . During this year's Membership Day event, Amazon's global sellers hit a new high, with consumers buying more than 100,000 items per minute. In comparison, the popularity of Amazon’s live broadcast room is really not high. The data shows that the most lively Amazon's official live broadcast room has only more than 3,000 online viewers, while the average number of viewers in most of the remaining live broadcast rooms is only a few dozen people.

[New Zealand's annual inflation rate reaches 7.3%] On July 18, local time, data released by Statistics New Zealand showed that in the second quarter of 2022, New Zealand's annual inflation rate jumped to 7.3%, higher than market expectations. Food, fuel and rent The rise is large. Inflation in New Zealand is now at its highest level since June 1990.

01. North America

[The U.S. dollar is caught in a "doom cycle", and the global market faces an unprecedented threat] The U.S. dollar has recently hit multi-decade highs against the euro and the yen. But given that the vast majority of cross-border trade is still denominated in dollars, the move could turn into a self-reinforcing feedback loop. Jon Turek, founder of JST Advisors, said we could be in for an unprecedented “doom cycle” for the dollar amid higher-than-expected inflation and stubbornly high commodity prices. With the Fed raising rates at the fastest pace in decades, it's unclear what will break that feedback loop in the coming months. It's hard to see what would stop this. My guess is that the best answer is that it may stop on its own, depending on how bad the growth situation is.

[US monkeypox vaccine in short supply] The US government health department plans to distribute another 130,000 doses of monkeypox vaccine nationwide from July 18, local time, but it still cannot alleviate the shortage of monkeypox vaccine. At present, 156,000 doses of monkeypox vaccine have been distributed in the United States, and another 130,000 doses will be distributed starting on the 18th. However, due to the recent increase in new cases of monkeypox in the United States, the vaccine is in short supply. Rochelle Warrenski, director of the US Centers for Disease Control and Prevention, admitted at a press conference on the 15th that the number of vaccines currently arriving is lower than expected.

[Record heat swept through central Texas heat intensifies] Record-breaking heat will continue for another week in the central United States and threaten the already hot-weather bullseye in Texas, which could push power demand to new heights. For the rest of the week, Texas is expected to hit record temperatures, said Tony Fragaso, a forecaster with the Advanced Division of the U.S. Weather Prediction Center. Power usage on the state's main grid is expected to peak at nearly 800 gigawatts on Monday afternoon, with record usage over the next two days as temperatures soar, the Texas Electric Reliability Commission, the state's main grid operator, said. new record. Officials say there is enough power to meet demand, with 1 gigawatt enough to power about 200,000 Texan homes.

[For the first time in six years, Europe has become the largest buyer of U.S. crude oil] The latest data from the U.S. Department of Commerce shows that from January to May this year, Europe imported about 210 million barrels of U.S. crude oil, and Asia imported about 190 million barrels of U.S. crude oil. This is the first time since 2016 that Europe has surpassed Asia as the largest buyer of U.S. oil.

[IBM’s revenue in the second quarter was US$15.5 billion, and net profit increased by 81% year-on-year] The report shows that IBM’s total revenue in the second quarter was US$15.535 billion, an increase of 9% compared with US$14.218 billion in the same period last year. The impact of currency changes was a 16% year-on-year increase; net income was $1,392 million, compared to $1,325 million in the same period last year; net income from continuing operations was $1,465 million, compared with $810 million in the same period last year Compared to an increase of 81%.

[Google was fined 390 million US dollars by Russia: did not delete illegal content and did not correct it] On the evening of July 18, Beijing time, Google was fined 21.8 billion rubles (about 387 million US dollars) by a Russian court today for failing to delete illegal content. , and repeatedly taught. For a long time, Russia has taken a series of measures to strengthen the supervision of US technology companies and restrict the distribution of illegal content on these platforms.

Late last year, a Moscow court had fined Google 7.2 billion rubles ($98 million) for repeated failures to remove content deemed illegal by Russia. This is the first time in such a case that Russia has imposed a fine (7.2 billion rubles) on a company based on revenue. Russia has also fined Google several times before for not removing illegal content, but the fines are smaller.

[New iPhone high-end camera module shipments are reported to be strong] Supply chain sources said that shipments of high-end mobile phone camera modules for the new iPhones remained strong in the second half of the year. In addition, the voice coil motor (VCM) maker said shipments of new iPhone devices began at the end of the second quarter, with initial shipments barely changing from a year earlier. Image sensor (CIS) suppliers noted that iPhone CIS shipments will not be affected.

[Intel will increase the prices of various semiconductor chips in the second half of the year, and some products may increase by 10% to 20%] Intel (Intel) has notified customers that it will increase the prices of semiconductor products in the second half of 2022. The reason is that costs have risen due to global inflation. Intel is expected to raise prices for a wide range of products including core servers and computer CPU processors and peripheral chips. According to a relevant person, the increase varies depending on the type of chip, and the final decision has not yet been made. The lowest is in single digits, and some products may increase by 10% to 20%.

It's been a tough year for digital ad sellers, according to reports, but Facebook's parent company, Meta Platforms, has an even bigger problem — it may not be out of the woods yet.

Analysts expect the social media company to post zero growth for the first time in company history in the second quarter. Mark Zuckerberg himself called the situation "one of the worst downturns in recent history." Google, Twitter, Snap and other digital ad industry peers are also facing slower growth.

The difference is that Meta is caught in a "perfect storm". As a result, more and more advertisers began to diversify the funds originally invested in Meta, which was the first time in history. This is a far cry from any predicament in history: in the past, as long as Facebook's ads were doing well, Meta could continue to make money no matter what the rumors were caught.

【Global housing boom fades as interest rates climb】 Rising rates are easing the global housing boom that has spread beyond the U.S. during the pandemic, putting additional pressure on central banks as they try to revive the economy without sparking Inflation under control.

02. EU region

[Many central banks will announce the latest interest rate decision, the European Central Bank may announce the first interest rate hike in 11 years] The event worthy of investors' attention is the European Central Bank's interest rate meeting. The ECB's next interest rate hike path has attracted much attention. Currently, the market generally expects that the ECB will announce a 25 basis point interest rate hike, which is the first interest rate hike in 11 years. In addition, the central banks of Japan, Indonesia and Russia will also announce interest rate decisions this week.

[Russia's cut of gas supply could reduce EU GDP by 1.5% in the worst case] According to a draft EU document, it is estimated that if the weather is cold next winter and the region fails to take precautionary measures to save energy, Russia will stop sending money to the EU. Supplying natural gas could reduce EU GDP by up to 1.5%. The European Commission is to warn that gas outages could cut GDP by between 0.6% and 1% if winter temperatures are not too different from average. Early action to reduce demand could limit the negative impact of supply disruptions on GDP to 0.4%. The EU is planning a series of proposals to member states, including reducing heating and cooling, as well as some market-based measures to mitigate the impact of a possible total gas cutoff in Russia.

[Multiple countries in the euro area are in a common and multi-level economic dilemma] On July 16, the monthly report of the Federation of Italian Industrialists pointed out that the outlook for Italian economic growth is quite uncertain. The euro area as a whole has recently fallen into a common, multi-faceted economic dilemma including high inflation, energy shortages and the depreciation of the euro against the dollar.

03. Other regions

Amazon's UK grocery business will match prices on hundreds of everyday items with those offered by rival Tesco in a bid to boost UK grocery sector Radical move by the UK's largest supermarket chain. Amazon's Seattle headquarters will match and lock in prices offered by Tesco's Clubcard loyalty program in categories including produce, meat and fish, according to the company. Under the banner of Amazon Fresh, Amazon is expanding its grocery sales in the UK, where it now has 19 stores, including one in the town of Sevenoaks outside London. In addition to price matching, Amazon also offers deals such as its private label line and same-day delivery on grocery orders in some regions.

[Britain faces extreme high temperature, the deputy prime minister actually advised people to "enjoy the sun"] On July 17, local time, British Deputy Prime Minister Raab said in an interview, "Obviously, we are talking about some practical common sense advice, drink more water, stay in Stay out of the sun, apply sunscreen, etc. when it’s the hottest. We should enjoy the sun. In fact, we should be resilient enough to handle some of the stress it brings.” The report said that temperatures in the UK could soar on the 18th and 19th. to 40°C. Weather forecasts have warned that the heat could kill people, but the UK government is not taking the emergency seriously and is indifferent to the extreme heat.

[Australian Treasurer says it will be an important step if China relaxes restrictions on Australian coal exports to China] The Australian Treasurer said in an interview on July 17 that if the Chinese government eases restrictions on Australian coal exports to China, it will be an important step. In response to this, a Chinese spokesperson reiterated in response to relevant inquiries at a regular press conference on July 18 that China's position on pragmatic cooperation with countries including Australia has always been clear. The Chinese side hopes that the Australian side will seize the opportunity arising from the relationship between the two countries, take concrete actions to reshape the correct understanding of China, handle China-Australia economic and trade relations in the principle of mutual respect, mutual benefit and win-win results, and work with the Chinese side in the same direction to improve China-Australia relations. The relationship reduces negative assets and accumulates positive energy, creating favorable conditions for the healthy and stable development of China-Australia economic and trade relations.

[The Russian Central Bank has a big move, related to oil] The Russian central bank said on July 15 that Russia is establishing its own national oil benchmark index system. In response to Western sanctions against Russia's oil resources. The US media believes that Russia's move is aimed at competing with the West for oil pricing power. Various departments of the Russian government, Russian oil producers and the Russian Central Bank plan to start oil trading on a national platform in October this year, and take measures to attract foreign partners to buy oil so that the platform can reach enough oil trading volume to be able to trade in 2023. Establish a national oil benchmark from March to July. Two Russian officials, speaking on condition of anonymity, told Bloomberg that preparations are under way around a national oil benchmark, with Russia seeking to ensure oil is sold without any external pressure or restrictions. One of the officials said the G7's attempt to cap Russian oil prices was further evidence of the need for Russia to establish an independent oil benchmark.

[South Korean President Yoon Seok-young will meet with U.S. Treasury Secretary Janet Yellen, and the two sides may exchange views on strengthening supply chain cooperation and other matters] President Yoon Seok-young will receive the visiting U.S. Treasury Secretary at the Presidential Palace in Yongsan, Seoul on July 19, local time. According to observations, the two sides may exchange views on matters such as strengthening supply chain cooperation and sanctions against Russia. A person in the President's Office said that the two sides will conduct extensive exchanges on bilateral economic issues.

[South Korea plans to exempt foreign investment in treasury bonds to attract foreign investment and stabilize the treasury and foreign exchange markets] The South Korean government plans to implement a tax-free policy for foreign investors to invest in Korean treasury bonds for interest and transfer income. The government expects that the tax-free preferential measures will further attract foreign investment, bring about the effects of lower interest rates on government bonds and lower exchange rates, and help stabilize the national bond and foreign exchange markets. Amendments to the Tax Act that include the above will be announced by the government on July 21.

[Shopee: Over 80% of Japanese toy & hobby companies carry out cross-border e-commerce business] According to news on July 18, Shopee has recently launched a survey on the staff and managers of Japanese toy & hobby e-commerce companies. and the supervisor conducted a cross-border e-commerce survey. According to the survey results, 81% of respondents and their companies have conducted cross-border e-commerce business, while 14.5% said they have not. Regarding the advantages of cross-border e-commerce, 68.5% of the respondents believe that there are many countries that are easy to accept Japanese culture and products; 53.9% believe that the market that can be cultivated by cross-border e-commerce is large; 52.8% believe that the economy will further develop in the future Growth; 43.8% believe that Toys & Hobby products have a large audience in Southeast Asia. Among those who conduct cross-border business, 59.6% of the respondents have conducted e-commerce business in Malaysia, followed by Singapore (58.4%) and Taiwan (41.6%).

Zhimeitong | Logistics Highlights

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[Global air cargo traffic decreased by 8.3% in May, which has been decreasing for 3 consecutive months] According to the statistics of the International Air Transport Association (IATA), the global air cargo traffic decreased by 8.3% in May. Traffic fell for the third straight month after the first drop in one year and four months in March. Europe decreased by 14.6%, and Asia and the Pacific also decreased by 6.6%. With fewer flights, etc., transportation capacity continues to decrease. As shipping costs increase, so do shipping costs. The International Air Transport Association pointed out that due to the stagnation of air transportation, it has exacerbated supply chain chaos and affected trade.

[Baltic dry bulk index rises] The Baltic dry bulk index rose on Monday as a rise in capesize shipping rates outweighed a drop in Panamax shipping rates. The Baltic Dry Index rose 12 points, or 0.56%, to 2,162. The capesize index rose 48 points, or 1.64%, to 2,967. Average daily earnings for capesize vessels rose $394 to $24,603. The panamax index slipped 13 points, or 0.69%, to 1,872. Average daily profit for panamax vessels fell $123 to $16,846. The Supramax index slipped 2 points to a five-month low of 2,037.

【Yang Ming Shipping Adds Capacity in the Third Quarter】 Yang Ming Shipping added new capacity in the third quarter – the new 11,000TEU-class container ship "Shiming" was officially completed and delivered. This is the 12th new ship in the series of 14 11,000TEU-class container ships to be built through cooperation with professional shipowners in order to adapt to the development of medium and long-term operations. The remaining two ships are expected to be delivered and put into operation in August and September. .

Zhimeitong | Domestic Highlights

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[Economic Daily: Resilience in the foreign exchange market] Affected by the rising US dollar index, non-US currencies such as the euro, the yen, the pound, and the Australian dollar continued to depreciate to low levels this year. In contrast, the RMB exchange rate is much stronger and more stable than other non-US currencies. This reflects that the overall situation of my country's foreign exchange market is stable, and it has shown strong resilience in the face of complex and volatile international and domestic situations. Overall, although affected by changes in the external environment, some channels of foreign investment have undergone periodic adjustments, but this has not changed the overall balance of cross-border capital in my country. The reduction of foreign holdings of domestic RMB bond assets this time can be regarded as an exam for China to coordinate the expansion of opening-up and risk prevention, and test the resilience of China's financial market system. Some foreign investors have reduced their holdings of RMB bonds, mainly because of the divergence of the economic cycle and monetary policy between China and the United States, the rapid convergence or even inversion of the interest rate spread between China and the United States, and the increased attractiveness of US bonds. In 4 months, the net outflow of cross-border funds under securities investment has exceeded 100 billion US dollars, but the impact on China's bond market, foreign exchange market and stock market is limited, which fully reflects the economic and market volume of large open economies in coping with external shock risks. Advantage.

[Alibaba International Station will close secondary categories of herbal cigars and cigarettes on July 25] On July 18, Ali International Station issued an announcement today on the closure of secondary categories of herbal cigars and cigarettes (hereinafter referred to as the announcement). According to the announcement, according to the laws and regulations of various countries and the requirements of regulatory agencies, the platform of Alibaba International Station has prohibited the publication of any tobacco products and related information. Because the secondary category Herbal Cigars & Cigarettes involves tobacco products, the platform will close this category. The rules will be announced on July 18, 2022, and will be officially announced on July 25, 2022 Effective execution. Alibaba International Station stated that the platform will continue to pay attention to the relevant policy changes of various countries, and make corresponding adjustments to the platform management and control policies accordingly. It is worth mentioning that Alibaba International Station also recently issued an announcement on the new ban on the sale of chewing gum. Commodity safety and compliance have always been the focus of Alibaba International Station. Alibaba International Station requires merchants to release products that meet the purpose of sales. relevant laws and regulations of the market. Singapore has implemented a chewing gum ban since 1992. According to Singapore's laws and regulations, the platform will ban the sale of chewing gum products in the Singapore market. For chewing gum products released by merchants on Alibaba International Station, their Singapore market will be blocked by country traffic.

Zhimeitong | E-commerce highlights

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[Amazon’s UK Fresh Business Announces Matching Tesco Membership Card Discounts] Amazon announced on July 18 that the prices of its UK fresh products will match Tesco’s discounted membership card prices, including fresh fruit, Commodities such as vegetables, meat and fish.

Amazon's fresh food brand Amazon Fresh was launched in the UK in 2016, but the UK fresh food market is still mainly occupied by established supermarket chains such as Tesco and Inberry. Meanwhile, Amazon Fresh faces competition from online grocer Ocado.