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On July 21, Horizon Robotics (09660.HK) announced that it expects its profit for the first half of 2026 to be between RMB 3.5 billion and RMB 4 billion, compared to a loss of RMB 5.233 billion in the same period last year, representing a turnaround from loss to profit. The Group anticipates an increase in revenue from continuing operations for the six months ended June 30, 2026, primarily driven by the combined performance of its two main revenue segments. The increase in revenue from product solutions is mainly attributed to the Companys continued strengthening of its market position and steady increase in market share, as well as the commencement of large-scale mass production deployment of its all-scenario urban NOA solution (HSD).U.S. stock index futures strengthened, with Nasdaq futures up more than 1%, Dow Jones futures up 0.27%, and S&P 500 futures up 0.4%.On July 21, Tencent Hunyuan announced the launch of Hyra-1.0, the first version of its research agent (Hunyuan Research Agent). According to Tencent Hunyuan, this is an intelligent agent capable of recursive self-improvement and performance-oriented research and engineering tasks. Besides model development and scientific discovery, Hyra can also be applied to open scenarios such as games, design, and content creation, continuously iterating its strategy based on self-play, self-evaluation, and user feedback.Samsung Electronics announced on Tuesday that it will establish a robotics division reporting directly to the CEO to accelerate research and commercialization in the field and develop robotics as a new growth engine. The division, named RX (Robotics eXperience), will oversee its medium- to long-term robotics strategy, core technology development, and business execution, while expanding its domestic and international research capabilities. In a statement, Samsung said Executive Vice President Lee Dongkun will lead the robotics strategy team. Lee Dongkun previously led Hyundai Motor Groups robotics strategy, including planning the development direction of Boston Dynamics. Samsung also stated that it plans to establish robotics research centers in countries with rapid robotics development, such as the United States, China, and Japan, leveraging local ecosystems and expertise to enhance its competitiveness.July 21 (Futures News) – According to foreign media reports, Mediterranean Shipping Company (MSC) announced on its website that due to operational restrictions and rising costs associated with transit through the Panama Canal, and in order to maintain service reliability and quality, MSC will impose a Panama Canal Surcharge (PCS) on cargo shipped from Southeast Asia, China, South Korea, and Japan to the East Coast of the United States and the Gulf Coast of the United States. Effective August 19, 2026 (based on port entry date), until further notice, the PCS charge will be US$100 per TEU and will apply to all cargo types.

Ahead of preliminary US S&P PMI data, the XAU/USD remains sideways below $2,000, according to our Gold Price Forecast

Alina Haynes

Apr 20, 2023 13:49

 截屏2022-08-04 下午5.25.46_1024x576.png

 

In the early European session, the Gold price (XAU / USD) is exhibiting erratic movements near $1,994.00. The precious metal is in a state of indecision as investors await the release of preliminary S&P PMI data for the United States on Friday.

 

After violent swings influenced by the Federal Reserve's (Fed) Beige Book, the US Dollar Index (DXY) is showing signs of volatility contraction below 102.00. The declining trend of advances to consumer and business loans by U.S. commercial banks has intensified concerns of a recession in the U.S. economy, despite the fact that economic activity in 12 Fed districts remained virtually unchanged. To prevent a decline in asset quality, banks have tightened credit disbursement requirements.

 

In the meantime, S&P futures have recorded sizeable losses during the Asian session, as investors are wary of firms' comments regarding revenue guidance. The market anticipates that constrained credit conditions will impact the working capital management of cash-reliant companies, thereby affecting their output.

 

The market expects preliminary US S&P PMI data to reveal a Manufacturing PMI reading of 49.0, a decrease from the previous reading of 49.9. The Services PMI is anticipated to decrease to 51.5 from 52.6 previously reported.


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