EUR/USD
1.14334
0.033%
Gold
4098.37
-0.611%
Oil
71.855
0.271%
USD/JPY
161.637
-0.454%
GBP/USD
1.34146
0.048%
GBP/JPY
216.835
-0.404%
Real-time News
Next week sees the release of Q2 earnings reports, with several major stocks including JPMorgan Chase (JPM.N), Morgan Stanley (MS.N), Citigroup (CN), Goldman Sachs (GS.N), Netflix (NFLX.O), and TSMC (TSM.N) releasing their results. On the economic data front, Chinas Q2 GDP annual rate, June trade balance, and June industrial output data will be released; US June CPI, PPI, and ADP nonfarm payrolls will also be available. Furthermore, the State Council Information Office will hold a press conference next week on the performance of the national economy in the first half of 2026; the Federal Reserve will release its Beige Book; and several Federal Reserve officials will speak next week. Please stay tuned. For a complete earnings calendar, please check the calendar section of the US-Hong Kong Telecom APP. Click to view...On July 10th, R&F Properties (02777.HK) released its unaudited operating data for June 2026. The announcement showed that the Groups total sales revenue in June 2026 was approximately RMB 2.37 billion, with a sales area of approximately 679,100 square meters; cumulatively, as of the end of June 2026, total sales revenue was approximately RMB 7.35 billion, with a sales area of approximately 1,187,500 square meters.BMWs sales of all-electric vehicles increased by 5.2% year-on-year in the second quarter.BMWs second-quarter deliveries fell 4.9% to 590,962 vehicles.July 10th - Last month, the United Arab Emirates (UAE) boosted its crude oil production to a record high. This powerfully demonstrates that Abu Dhabi has taken a bolder approach than any of its Persian Gulf neighbors in the face of supply disruptions caused by the conflict with Iran. According to the International Energy Agency (IEA) monthly report, the UAEs average daily production in June was 4.1 million barrels. This figure surpasses the peak production of 4 million barrels per day reached in 2020 during its brief price war with Saudi Arabia over OPEC+ policy. Abu Dhabis aggressive strategy has become increasingly apparent since the outbreak of the conflict, ranging from utilizing its vast fleet to chartering more vessels controlled by South Koreas Sinokor Group (which currently operates the worlds largest fleet of very large crude carriers). Many of these vessels operate in a "shadow" manner, turning off their digital transponders to transport crude oil out of the Persian Gulf undetected. The UAE announced its withdrawal from OPEC at the end of April to escape the organizations production restrictions and pursue its expansion plans. This strong resumption of production largely occurred before the surge of merchant ships in the Strait of Hormuz this week.
