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Zoom (ZM.O) shares rose 2.5% after BOFA Global Research resumed coverage and assigned a buy rating.

Zoom (ZM.O) shares rose 2.5% after Bank of America Global Research resumed coverage and gave it a buy rating.

The U.S. Department of Education says the rule will break the "monopoly" of accreditation bodies.

Market news: The United States has proposed simplifying the accreditation rules for higher education accreditation agencies.

I. Are the Three Dissenting Votes Just the "Tip of the Iceberg"? 1. The True Size of the Hawkish Camp: At the Fed's July meeting, three voting members voted in favor of a rate hike, a very strong hawkish signal. If the minutes show the hawkish camp is larger than three, the market may repric the September rate hike. 2. The Weight of Rate Hike Options: Attention should be paid to whether the meeting minutes show more officials seriously considering the rate hike option, just without voting against it; how many people believe "the next step should be a rate hike"; and whether anyone believes consecutive rate hikes are necessary. II. The Arguments of Hawks and Doves 1. The Inflation Risk Debate: Attention should be paid to how hawks argue that supply shocks (especially energy), AI-related demand, and tariffs could lead to a fixed and persistent inflation above 2%. Whether there will be further discussion about the potential impact of the Middle East conflict on energy prices and inflation will be key signals. 2. Economic Trade-offs: It is also necessary to pay attention to whether the hawks believe that the labor market is robust enough to withstand the pressure of prioritizing price stability. III. Which Side Does the "Centrist" Balance Til? 1. Scenario Analysis: The June minutes showed that Fed officials analyzed two scenarios: one, that inflation would fall and interest rates would remain unchanged; and two, that inflation would remain high due to factors such as AI spending, Middle East conflict, and tariffs, which might necessitate a rate hike. 2. Hardening of Language: The focus of this set of minutes is whether the language describing the second (rate hike) scenario is more assertive and broader than in June. Analysts point out that if the minutes show that more than half of the officials are seriously discussing the rate hike scenario, this in itself has significant policy implications. IV. The Two Sides of the Minutes: Outdated Signals vs. Still Guiding Roles 1. "Outdated" Hawkish Signals: The employment and inflation data released after the July meeting showed significant weakness, along with a series of weak data such as declining retail sales and consumer confidence, which has greatly cooled market expectations for a September rate hike. Currently, the probability of a rate hike is about 30%. 2. Still Has Forward Guiding Roles: However, if the minutes show that most officials were close to a rate hike at that time, the market might believe that unless subsequent data deteriorates significantly, the September meeting could still be an uncertain one, and the option of a rate hike has not been ruled out.

The New York Stock Exchange Arca Gold Mining Index rose 5.18 points, reaching its highest level since May.

The Dow Jones Industrial Average opened 179.12 points higher, or 0.34%, at 53,522.52 on Wednesday, August 19; the S&P 500 opened 33.11 points higher, or 0.43%, at 7,725.08; and the Nasdaq Composite opened 106.33 points higher, or 0.40%, at 26,396.04.

U.S. stocks opened with the Dow Jones Industrial Average up 0.3%, the S&P 500 up 0.4%, and the Nasdaq Composite up 0.3%. Moderna (MRNA.O) surged 90% after announcing a successful Phase 3 trial of its mRNA cancer vaccine with Merck, marking a historic breakthrough in melanoma treatment; Merck (MRK.N) rose 8.4%. Maiwell Technology (MRVL.O) rose 9.7% after issuing warrants to Google to purchase up to 58.97 million shares. SK Hynix (SKHY.O) rose 4.2% after announcing plans to repurchase and cancel 40 trillion won worth of shares.

Allianz Chief Economist El-Erian stated that the bond market reacted to the news of the US Treasury's expansion of its Treasury repurchase program, with long-term Treasury yields generally declining. 1. At a deeper level, the significance of this event lies not primarily in the repurchase itself. Whether in absolute terms or relative to net Treasury issuance, this repurchase is not large. The market is more concerned with whether this signifies a potential for wider use of yield curve control (YCC) in the future. 2. YCC is not a policy tool without costs. While it can indeed lower long-term yields in the short term, thereby reducing mortgage and other financing costs, it can also bring side effects and unintended consequences. 3. The effects of such financial instruments are typically short-lived. Unless followed by more fundamental policy adjustments, the effect of lowering yields is unlikely to be sustained in the long term.

XAUUSD surged 2% intraday, currently trading at $4421.17 per ounce. New York gold futures also surged 2% intraday, currently trading at $4477.30 per ounce.

U.S. stock index futures rose, with S&P 500 futures and Nasdaq futures each up 0.2%, and Dow Jones futures up 0.4%.

Marwell Technology (MRVL.O) shares rose 11% in pre-market trading after the company reached a custom chip agreement with Google.

Teva Pharmaceuticals' Ecopipam new drug application has been granted priority review status by the U.S. Food and Drug Administration (FDA).

Market news: Teva Pharmaceuticals' new drug application has been accepted and granted priority review status.

Russian President Vladimir Putin: The state should participate in the restoration of storage facilities.

Russian President Vladimir Putin: Despite the attacks, our trade infrastructure is sustainable.

Russian President Vladimir Putin: The attack did not have serious consequences.

Russian President Vladimir Putin: The Russian economy is suffering from "terrorist attacks" on industrial facilities.

Network Bio and NVIDIA (NVDA.O) are jointly building a universal medical intelligence model.

Market news: Oracle Healthcare expands its clinical AI agent capabilities.