Zhimeitong | International Highlights

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【SHEIN launched on Amazon, Prime members receive within two days】 Chinese fashion giant SHEIN has started selling its products on Amazon.com to speed up its delivery time and continue to gain popularity and influence. At present, SHEIN has entered 150 countries around the world and launched 500 new products every month. The market valuation of SHEIN has also exceeded 100 billion US dollars, which is more than the sum of Zara and H&M.

SHEIN is currently available on Amazon US, UK, France and Germany sites. From Amazon's point of view, SHEIN's fashion clothing basically does not exceed 40 euros, and the average price is around 30 euros. But the sales price of the above site is slightly higher than the price on the official website of SHEIN.

But what makes up the difference is Amazon's ability to provide buyers with faster delivery. This means that SHEIN products can be delivered to Prime members within two days, much faster than the 3 weeks on SHEIN's official website.

[Staff shortages, London Heathrow limit passenger numbers] In response to the twin challenges of staff shortages and surging travel demand, London Heathrow Airport, Europe's largest international hub, said it will limit the number of departing passengers and ask airlines to stop flying from the airport during the summer. The airport sells new tickets. Heathrow Airport said it would set a daily cap of 100,000 daily departures by September 11.

01. North America

[Ahead of the release of U.S. inflation data, the dollar continues to climb, and gold prices are under pressure] Before the release of U.S. inflation data, the dollar strengthened and gold prices fell. Inflation data could influence the size of the Fed's rate hikes. Gold prices fell for the fourth consecutive week on July 8, local time, and are now near their lowest level in more than nine months. Investors worried about the prospect of a global recession are turning to the dollar, which has risen more than 2 percent this month. Economists expect U.S. inflation to rise 8.8% in June from a year earlier, reaching a 40-year high. "If headline inflation hits 9%, as economists expect, that means the Fed could raise rates by 75 basis points, which could have interesting implications for gold prices," said UBS commodity strategists.

[Wall Street Bear Market Hits New York City Tax Revenue] The sharp decline in the U.S. market in 2022 has begun to eat into New York City's tax revenue. Personal income tax advances in New York fell sharply in June from June 2021 due to recent market volatility, according to data released by the New York City Comptroller on July 11, local time. Estimated payments for June, which are closely tied to the realization of capital gains, are about 31% lower than June 2021, falling to the lowest level since 2017, he said.

[US housing costs may increase inflation] Rising housing costs will continue to rise in the US inflation rate this year. Headline annual inflation rose to 8.6% in May, while core inflation, which excludes volatile food and energy costs, hit 6%, according to the Labor Department's consumer price index. Housing inflation, which accounts for about two-fifths of core inflation and one-sixth of the price of personal consumption expenditures, is the Fed's preferred inflation measure. U.S. data for June will be released on July 13, local time.

[U.S. believes OPEC has more ability to increase crude oil production] The U.S. government believes that if any agreement is reached on the upcoming visit of U.S. President Biden to the Middle East, OPEC has room to increase production. "We believe in the ability to take further steps," said U.S. National Security Adviser Sullivan. He said the specifics of those additional measures ultimately depended on OPEC countries. Biden has stepped up lobbying OPEC to increase output to curb rising energy prices. He will make his first trip to the Middle East this week, which will include a trip to Saudi Arabia. Saudi Arabia and the United Arab Emirates are the only two OPEC members with significant spare capacity. Official figures show they currently have a buffer of around 3 million barrels a day.

[Electric vehicle startup Canoo says Walmart has agreed to buy at least 4,500 of its electric delivery vans] Walmart has agreed to buy at least 4,500 of its upcoming electric delivery vans, Texas-based electric vehicle startup Canoo said. Shares of Canoo jumped more than 70% in premarket trading on the news, trading at more than $4 per share. Canoo said Walmart has signed a "final agreement" to buy at least 4,500 and possibly as many as 10,000 of the all-electric Lifestyle delivery vans, small electric vans designed for local delivery services. Walmart plans to use the vans to deliver online orders locally. The vans will be built at Canoo's factory near Dallas and are expected to enter service next year.

[Shopify has completed the acquisition of Deliverr] Logistics service provider Deliverr said that Shopify has completed the acquisition of Deliverr. Deliverr will work with the Shopify logistics network to jointly build a merchant-centric end-to-end logistics platform to help large-scale e-commerce and independent website sellers achieve business growth. After officially joining Shopify, Deliverr will provide customers with innovative logistics solutions that are deeply integrated with the Shopify platform.

[Some Whole Foods Markets under Amazon are starting to use smart shopping carts] Amazon said the company is expanding its smart shopping carts to a Whole Foods store in Massachusetts. Amazon will roll out the technology in other locations in the coming months. This kind of shopping cart eliminates the need for users to queue up to checkout, and it can track and count items when items are placed in the shopping cart. The carts are built on Amazon's "Just Walk Out" cashierless technology, first deployed in Amazon Go convenience stores.

[Microsoft announces less than 1% of global layoffs, and the overall number of employees will continue to grow] Microsoft said on July 12 that it will lay off less than 1% of its global workforce, involving multiple departments including consulting, customer and partner solutions. Microsoft said the layoffs were largely a result of the company's realignment of business units and roles after the company's fiscal year ended June 30. Microsoft also said it will continue to hire for other roles and increase its overall headcount by the end of the fiscal year. Currently, Microsoft has about 180,000 employees worldwide, and the number of people affected by the layoffs is less than 1%, or less than 1,800.

[Apple OLED iPad will be released in 2024] Apple has confirmed that its OLED display iPad will be released in 2024. Apple is producing final prototypes of the OLED iPad with some display partners. Since this was the first time OLED was used in a tablet, Apple created multiple iPad prototypes and repeated the testing process several times. With this, Apple also plans to apply a new etching process on the OLED iPad to make the next-generation iPad lighter and better color quality.

[Apple car or cancel the steering wheel and brake pedal] Apple car will have four seats facing each other, in the spacious interior space, passengers can talk to each other, because it will not have a steering wheel or brake pedal, while there is a similar Volkswagen Beetle car Curved roof at the top. According to foreign media, Apple is aiming to obtain a waiver from the National Highway Traffic Safety Administration (NHTSA) to put vehicles without steering wheels and brakes on public roads. In addition, Apple's designers are experimenting with a trunk that automatically raises for easy access and automatically lowers when not in use, and the designers are also said to have discussed large seatback screens that can be raised and lowered. Rumor has it that Apple's self-driving car is scheduled to launch in 2025. According to foreign media reports, Apple is exploring how to disguise the final design of the vehicle so that it can be tested on public roads as early as next year.

[Meta (Facebook parent company) will release its second quarter 2022 financial report on July 28] On the morning of July 12, Beijing time, Meta Platforms, the parent company of Facebook, announced that after the stock market closed on July 27, Eastern Time ( Beijing time on July 28) announced the second quarter financial report of 2022.

Twitter's shares could plummet to $11 if Musk's $44 billion acquisition of Twitter doesn't happen, analysts said. Twitter shares fell about 9% on July 11 after Musk announced on July 8 that he was terminating his agreement to buy Twitter for $54.20 a share. Analysts at Rosenblatt said the stock has the potential to fall another roughly 68% to $11 a share. Crockett earlier cut its price target on Twitter to $33.

[The capacity utilization rate of global display panel manufacturers is expected to fall to 73% in Q3] The capacity utilization rate of global display panel manufacturers in the third quarter of 2022 is expected to fall to 73%, which is the industry's first since 2012. record low. LCD TV display panel prices fell to new lows in June, as TV makers are under pressure to continue to cut display panel demand in the second quarter of 2022, and will shrink further in the third quarter of 2022, the report said Display panel purchase plan.

[Mexican President Lopez proposed a 5-point plan for cooperation between the two countries to U.S. President Biden] On July 12, local time, in a meeting with U.S. President Biden, Mexican President Lopez proposed a 5-point plan for cooperation between Mexico and the United States. . These plans mainly include: First, Mexico guarantees the supply of gasoline and other fuels in the border areas of the two countries to double the supply, ensuring that people on the American side can go to Mexico to fill up their cars; second, Mexico provides more than 1,000 fuel to the United States. kilometers of gas pipelines to ensure natural gas transportation from Texas to New Mexico, Arizona and California; third, temporarily cancel tariffs on some agricultural products and commodities between the two countries, reduce commodity prices, and fight inflation; fourth, propose specific Investment plans to stabilize market confidence; fifth, to provide convenience for immigrants who have worked in the United States for many years, while allowing part of the labor force to enter the United States with temporary visa status.

02. EU region

[Euro Group says it is facing further inflationary pressures] Affected by unfavorable factors such as high energy prices and deteriorating global terms of trade, the 19 member states of the euro area are now facing further inflationary pressures. At the same time, the economic growth prospects of the euro area have been weakened. On the same day, the finance ministers of the euro zone member countries held a meeting in Brussels to focus on the economic recovery. In the statement released after the meeting, all parties emphasized that the fiscal policies of all countries should aim at maintaining debt sustainability and avoid exerting inflationary pressures in order to better achieve the monetary policy goal of maintaining price stability.

[EU believes that Russia will not completely "give up" to Europe in the next few months] The Executive Vice President of the European Commission said that the EU does not believe that the situation will develop to the point where Russia will "give up" to the EU in the next few months. But the EU and its member states will continue to prepare to deal with the risk of Russia completely "killing" the EU.

[EU will unify the charging interface, Apple will face challenges in the closed ecology] Recently, the European Parliament and the European Council reached a political agreement, requiring manufacturers of all products from smartphones and earphones to digital cameras and tablet computers to use the same universal Charging port: USB Type-C (hereinafter referred to as USB-C). The new agreement will go into effect in the fall of 2024. Most device makers say they will ensure their hardware complies with USB-C port rules over the next 24 months. EU lawmakers chose the USB-C port over Apple's proprietary Lightning ecosystem primarily because of its openness. USB is a new generation of standard interface bus jointly proposed by major technology companies such as Microsoft and Hewlett-Packard.

[German EUR/USD/USD may temporarily close below this level after falling below 1.00] The July ZEW index for the euro zone, released on July 12, may show everyone how serious analysts are about the future outlook. Commerzbank economists believe that the ZEW index will theoretically be bearish for the euro, and the euro is likely to continue to be under depreciation pressure. At the same time, it is unclear whether the Nord Stream-1 project will deliver natural gas again before the end of July. EUR/USD/USD could dip below 1.00 after the data. With the risk of a massive energy crisis now higher than ever, it makes sense to avoid the euro for now. EUR/USD is near parity, and once it breaks below the key 1.00 level, EUR/USD could temporarily close below that level until it is determined by the end of next week whether gas can be delivered normally again.

[80% of Germany's energy supply in 2030 will come from new energy] According to several "Easter Package" energy plans recently passed by the German Bundestag, 2% of Germany's land area will be used to build wind turbines, which is the current two times more. At the same time, amend the Nature Conservation Law so that terrestrial wind energy can be expanded to nature reserves. The draft also clarifies that 80% of Germany's energy supply will come from new energy sources in 2030. For this reason, onshore wind energy needs to increase by 10 GW per year, and solar energy will increase by 22 GW per year. By 2030, Germany's onshore wind power installed capacity will be increased. The total capacity will reach 115 GW, with 30 GW of offshore wind and 215 GW of solar installed capacity.

[French media said Macron had a secret deal with Uber] On July 11, local time, French President Macron reached a secret deal with Uber during his tenure as the French Minister of Economy, Industry and Digital Affairs. According to reports, a person familiar with the matter provided Uber's internal documents to the International Consortium of Investigative Journalists and 42 partner media in various countries around the world, including several in France. As many as 124,000 internal documents include emails and speeches of Uber executives from 2013 to 2017. French media said some of the investigative documents revealed how Macron was defending Uber at the time. Previously, Uber has been criticized by the industry and accused of "undermining French labor laws", but it has since gained a firm foothold in the French market.

03. Other regions

[Royal Mail will build 50 drone routes in the next three years] The Royal Mail recently announced that, with the approval of the British Civil Aviation Authority (CAA), it plans to expand the use of drone technology in the next three years, and will build more than 50 routes. New drone delivery routes, supported by more than 200 drones. The long-term strategy is to deploy a fleet of more than 500 drones to serve every corner of the UK. The initiative is part of a partnership with logistics drone company Windracers to facilitate faster and more convenient service from drones to customers in remote communities.

[The risk of a recession in the UK has approached 50%] According to a Bloomberg survey, 13 economists expect a 45% chance of a recession in the UK next year, which is three times higher than the probability in the survey in early 2022. Economists are growing more pessimistic amid soaring inflation, even as official forecasts now suggest Britain may be able to avoid two consecutive quarters of contraction. British Prime Minister Boris Johnson's successor could face a formidable challenge. At present, candidates for prime minister are discussing tax cuts and government spending cuts, but the highest inflation in 40 years and the high cost of living are the root of the British economy's weakness. Economists have been downgrading their median forecast for UK economic growth every month this year, with growth forecasts dropping to 3.4% in 2022 and 0.7% in 2023, according to a Bloomberg survey.

[The President of Sri Lanka has signed the letter of resignation] President Rajapaksa, who is protected by the armed forces, signed the letter of resignation on July 11, but the date filled in the inscription is July 13. According to Speaker Sri Lanka, leaders of various political parties will convene a parliamentary session on July 15 to nominate a presidential candidate on the 19th and elect a new president on the 20th.

[Japanese Prime Minister has a "three-year golden period" to deal with inflation, energy and defense issues] Given that Japan's national election schedule for the next three years has been determined, unless an early general election is held, the government led by Prime Minister Fumio Kishida has enough time to pay attention A range of agendas including inflation, defense spending and social security.

Zhimeitong | Domestic Highlights

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[China's cross-border e-commerce exports to ASEAN increased by 98.5% in the first half of the year] The Boao Forum for Asia Research Institute recently held an online seminar on cross-border e-commerce development and cooperation. The meeting focused on the progress, prospects and challenges of cross-border e-commerce cooperation between China and ASEAN countries and regions. As of June this year, China's cross-border e-commerce exports to ASEAN increased by 98.5%. The report believes that the deepening economic and trade exchanges between China and ASEAN, the rapidly improving digital infrastructure, the strong support of government policies, the continuous development of foreign investment, and the rapid development of digital cross-border payments are all breakthroughs in cross-border e-commerce cooperation between the two sides. important drivers.

Zhimeitong | Logistics Highlights

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[Baltic dry bulk index fell to five-month low] The Baltic dry bulk index fell to a near five-month low on Tuesday, as the capesize index fell. The Baltic index for overall dry bulk fell 68 points, or 3.3%, to 2013, its lowest level since February 18. The capesize index fell 116 points, or 4.9%, to 2,249. Average daily earnings for capesize vessels fell by $958 to $18,655. The panamax index slipped 76 points, or 3.5%, to 2,096. Average daily earnings for panamax vessels fell $679 to $18,867. The Supramax index fell 29 points to 2,123.

Zhimeitong | E-commerce highlights

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[Amazon's Prime Day sale disappoints shoppers: Discounts are lower than last year] Shoppers ready to buy "bargains" may find Amazon's Prime Day sale unimpressive this year as costs soar Currently, many sellers are trying to minimize discounts. Prime Day is primarily seen as an opportunity to clear aging inventory, said the head of e-commerce consultancy ROI Revolution. Of the company's 160 customers, about 60% will offer deals, but the discounts are modest.

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