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🇨🇳 China is set to raise the retirement age for the first time since 1978, with retirement for men rising from 60 to 63 and for women in white-collar jobs from 55 to 58, while women in blue-collar work will have their retirement age rise from 50 to 55.

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🌎 The World Bank reports that 690 million people today live in extreme poverty, equivalent to less than $2.15 a day.

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📊Chances of winning 🇺🇸 US Presidential Election :

Trump: 50% chance
Harris: 50% chance

(Based on current polls and prediction markets)

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📈 Gold will hit $2,700 by early 2025 says Goldman Sachs

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🇩🇪 Germany to welcome 250,000 Kenyan workers in labor deal - BBC

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BREAKING: 🇳🇱 Netherlands to declare State of Emergency due to migrant crisis and will ask for opt-out from EU migration policy.

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BREAKING: The Telegraph reports Iran 🇮🇷 is set to deport two million Afghan 🇦🇫 migrants in six months.

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🇨🇳 China says it must counter the United States efforts against Iran, Russia and China.

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BREAKING: CNN reports that Venezuela 🇻🇪 says it has seized 400 US 🇺🇸 rifles and arrested foreigners over alleged plot to 'destabilize the country'.

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📊 RESEARCH: Taking a one-week break from social media resulted in 'increased self-esteem and body image among young women in general' according to a study published in Body Image journal.

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📊 Key Events This Week:

1. August Retail Sales data - Tuesday

2. August Building Permits data - Wednesday

3. Fed Interest Rate Decision - Wednesday

4. Fed Press Conference - Wednesday

5. Philly Fed Manufacturing Index - Thursday

6. August Existing Home Sales data - Thursday

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🔥 Fundstrat’s Tom Lee Forecasts Multi-Week Market Rally 🚀

Fundstrat’s Tom Lee is anticipating several weeks of good performance for the stock market following this week’s Federal Open Market Committee (FOMC) meeting.

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BREAKING 🚨: 🇨🇳 China has fined PwC a record high 441 million yuan for turning a blind eye to the largest financial fraud in history at Evergrande

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🇷🇺 🇨🇳 President Putin says Russia and China are defending democratic world order.

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🇨🇳 China Overnight Economic Data:

Unemployment Rate: Miss 🔴
Retail Sales: Miss 🔴
Industrial Production: Miss 🔴
Fixed Asset Investment: Miss 🔴

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🇺🇸 FBI announces there was another attempted assassination on Donald Trump.

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🇺🇸 US Presidential Election poll :

Harris: 49%
Trump: 45%

(Yahoo News)

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🚨🚨🚨 JPMorgan Chase CEO Jamie Dimon just issued a fresh warning on the state of the US 🇺🇸 economy.

At a New York conference from the Council of Institutional Investors covered by CNBC, Dimon warned that ongoing “inflationary forces” like rising deficits could trigger a worst-case economic outcome.

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🔥 JUST IN: 🇸🇻 El Salvador's President Bukele has announced his nation will no longer require external debt to fund its annual budget.

Financial Independence on Independence Day.

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🔥 JUST IN : #Bybit crypto exchange bags provisional crypto license from Dubai 🇦🇪 regulator.

The Virtual Asset Regulatory Authority (#VARA) has granted Bybit a non-operational license to serve retail and institutional crypto investors in #Dubai.

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⚡️JUST IN : #Deutsche Bank 🏦 Said “The Fed's rate cut this week will foreshadow the overall rate cut in 2024”

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