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07:50
UK market test imminent: Potential successor to Prime Minister to deliver policy speech today
```htmlGolden Ten Data reported on June 29th that, according to foreign media, the highly watched Andy Burnham will deliver a speech on his economic development blueprint on Monday. Burnham returned to the UK Parliament this month and won a seat as an MP. Currently, he is the only official candidate for Prime Minister and is expected to move into Downing Street within the next few weeks. Investors will closely monitor his views on economic policy. Compared to the foreign exchange market, UK government bond investors are more concerned about how Burnham will drive Britain's economic growth. The market generally believes Burnham leans towards a more expansive fiscal policy. However, the UK has limited fiscal space, and the government's ability to take on new debt is restricted, making additional fiscal spending equally constrained. The market fears a repeat of the “Truss crisis.” Analysts believe Burnham’s ultimate choice for Chancellor of the Exchequer will be one of the key factors in determining whether UK financing costs can remain stable.```
07:46
Goldman Sachs: U.S. Stock Market May See Strong Earnings Season Again, Economic Growth and AI Boom Expected to Boost Earnings Per Share
BlockBeats News, June 29th, a Goldman Sachs strategist stated that driven by a "robust macro backdrop" and the artificial intelligence investment frenzy, the U.S. stock market may see another strong earnings season. The team led by Ben Snider noted that the earnings trend for the S&P 500 index is strong enough to surpass analysts' previous high expectations. In a report, Snider wrote that AI infrastructure stocks are expected to contribute approximately 60% of earnings per share growth in the second quarter, with Micron Technology and NVIDIA together accounting for over 40%.
07:40
Samsung announces a total investment plan of 2,655 trillion Korean won
BlockBeats reported on June 29 that Samsung announced an investment plan totaling 2,655 trillion KRW; 2,030 trillion KRW will be invested in the semiconductor industry clusters in Yongin and Pyeongtaek, South Korea.
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