Market Movers Week 31 - New Money Masters

Dear Money Master,

This week, we're thrilled to announce the launch of our brand-new Money Masters app! Our mission has always been to make financial education accessible and engaging for everyone. We've worked hard to enhance our platform based on your feedback, and today, we're proud to introduce the latest version. 🌟

Please give us another chance and share your thoughts on how we can improve. Our goal is to empower you with the tools and knowledge needed to make informed financial decisions.

In addition to this exciting update, we have all the latest financial news to keep you informed and ahead of the curve. 📈

Account Activation:

• If you registered in the past but weren't able to activate your account, please click on the "Resend Activation" link.

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• For any support reach out to us at [email protected]

July Competition:

🔥 July competition is heating up! Collect as many coins as possible before the end of the day to win gift cards. 🎁

Download the Money Masters App:

📱 Google Play Download (Android)
🍏 App Store Download (iOS)

August Rewards:

To celebrate the new version of the Money Masters app, we're increasing our rewards for August:

🥇 1st: $75

🥈 2nd: $50

🥉 3rd: $25

🎖️ 4th: $10

📰 Your Daily Financial Digest - July 31st, 2024

🌍 Economics:

1. Japan Intervenes to Stabilize Yen with $36.8 Billion Injection 💴
   Japanese authorities spent 5.53 trillion yen to bolster the yen in July. This intervention follows the yen's dip to a 38-year low against the U.S. dollar and includes a significant rate hike by the Bank of Japan to 0.25%. Read More

2. U.S. Private Payroll Growth Slows to 122,000 in July 📉
   ADP reported the slowest job growth since January, with wages increasing at the slowest pace in three years. This could support the Fed's plans to signal a rate cut in September. Read More

3. Euro Zone Inflation Edges Up to 2.6% in July 🇪🇺
   Unexpected rise in headline inflation to 2.6% in July, driven by core inflation holding steady and price growth in services. Investors are now assessing its impact on future ECB rate cuts. Read More

4. Euro Zone GDP Grows 0.3% in Q2 2024 🌍
   The euro zone's economy grew by 0.3% in Q2, beating expectations of 0.2%. Despite ongoing challenges, this marks a cautious recovery from last year's stagnation. Read More

5. Russia Legalizes Crypto Payments Amid Sanctions Pressure 💱
   Russian lawmakers approved a new law allowing the use of cryptocurrency for international payments. This move aims to circumvent Western sanctions and facilitate cross-border trade. Read More

💻 Technology:

1. Chip Stocks Rally on Positive Earnings and Export Restriction News 📈
   Shares of AMD, Nvidia, and other semiconductor firms surged following strong earnings reports and news of potentially less severe U.S. export restrictions on China. Read More

2. ASML Shares Surge 10% on Potential Exemption from U.S. Export Restrictions 💹
   ASML's stock jumped after reports that the company might be exempt from expanded U.S. restrictions on exporting chipmaking gear to China. Read More

💹Earnings:

1. HSBC Announces $3 Billion Share Buyback Amid Strong H1 Performance 💰
   HSBC reported a pretax profit of $21.56 billion for the first half of the year, beating expectations. The bank also announced a $3 billion share buyback and a second interim dividend of $0.10 per share. Read More

2. Samsung's Q2 Earnings Surpass Expectations Driven by AI Demand 📊
   Samsung Electronics reported second-quarter revenue of 74.07 trillion won ($53.45 billion) and an operating profit of 10.44 trillion won, driven by strong demand for memory chips crucial for AI training. Read More

To your financial empowerment, The Money Masters Team

P.S. Stay connected! Don't forget to follow us on social media! 📱🌐

Disclaimer: This information is for educational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.