Derek Holt, an economist at Canada's Bank of Nova Scotia, said that after the US election, businesses and markets have reason to be very cautious about the future. The surge in protectionism is almost certain to overshadow the global economic outlook and become a negative factor for US and global economic growth. "Implementing fiscal stimulus for the US economy with excess demand will once again trigger inflation risks and yield increases, and the mixed effects of tax cuts and spending cuts are uncertain, but the former may outweigh the latter and further increase the US fiscal deficit," Holt also believes that negative demographic impacts, negative investment impacts from less investment in clean energy, and supply chain risks will all bring risks.
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Scotiabank: Businesses and markets have reason to be cautious about Trump 2.0
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NVIDIA's Fiscal Year 2028 Revenue Outlook Exceeds Market Expectations, Pre-Market Up Nearly 6%
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NVIDIA's 2028 Fiscal Year Revenue Outlook Exceeds Market Expectations, Pre-Market Up Nearly 6%
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Nvidia's 2028 Fiscal Year Revenue Outlook Exceeds Market Expectations, Pre-Market Up Nearly 6%
On August 27, Nvidia's stock rose nearly 6% in pre-market trading. The company reported Q2 revenue of $96.2 billion for fiscal year 2027, a 106% year-over-year increase; adjusted earnings per share were $2.22, up 120% from the previous year. Nvidia's CFO stated during the earnings call that revenue for fiscal year 2028 is expected to grow by approximately 70%, significantly surpassing the market estimate of 45%. Nvidia's CEO Jensen Huang noted that this is the first time the company has provided performance guidance a year in advance. -
China and the U.S. Maintain Communication on Presidential Interaction This Year
On August 27, today, Foreign Ministry spokesperson Lin Jian hosted a regular press conference. A reporter asked about the high-level interactions between China and the U.S. In response, Lin Jian stated that both sides are maintaining communication regarding the arrangements for presidential interaction this year. (CCTV News) -
China and the U.S. Maintain Communication on Presidential Interaction This Year
On August 27, today, Foreign Ministry spokesperson Lin Jian hosted a regular press conference. A reporter asked about the high-level interactions between China and the U.S. In response, Lin Jian stated that both sides are maintaining communication regarding the arrangements for presidential interaction this year. (CCTV News) -
Ministry of Commerce Responds to U.S. Consideration of Additional 7.5% Tariff on China
On August 27, the Ministry of Commerce held a regular press conference. Spokesperson Huang Ling responded to questions regarding the U.S. government's consideration of imposing an additional 7.5% tariff on goods imported from China. She stated that the U.S. initiated a Section 301 investigation against 16 economies, including China, citing 'overcapacity' as a reason. This politicization of economic and trade issues is a typical act of unilateralism and protectionism, which China firmly opposes. We will continue to closely monitor and comprehensively assess the subsequent actions of the U.S. and reserve the right to take all necessary measures. (Xinhua News Agency) -
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Analyst: Market May Slightly Raise Fed Rate Hike Expectations Ahead of September Meeting
On August 27, Reto Cueni, Chief Economist at Stifel Group, stated in a report that the market may slightly increase expectations for a Federal Reserve rate hike at the September meeting. However, he noted that the majority of the market still likely expects the Fed not to raise rates, and Stifel Group itself currently does not anticipate a rate hike. Cueni said, "At present, we continue to maintain the view that the Fed will not raise rates further in the second half of this year." According to LSEG data, the money market currently assigns a 65% probability that the Fed will keep rates unchanged at the September meeting. -
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