- India's 10-year government bond yield falls to around 6.8% as softer oil prices improve bond market demand
- Spot gold has just broken through the $4,070.00/oz mark, now trading at $4,069.80/oz, down 0.82% on the day; COMEX gold futures main contract is now at $4,128.20/oz, down 0.78% on the day.
- Gold prices fell on Friday, but as investors closely monitor developments in the Middle East, gold is heading for its first monthly rise in five months. Analysts at Sucden Financial said: "Precious metal prices rebounded as a weaker GDP report led to a decline in the US dollar, but this trend is not entirely convincing given that US Treasury yields have not shown a significant drop." Meanwhile, the Federal Reserve kept rates unchanged at its July meeting, and Chairman Waller offered almost no c
- An executive from Kansai Electric Power Company stated: Despite QatarEnergy still being in a state of force majeure, we believe there will be no issues ensuring stable LNG supplies in the short term.
- Goldman Sachs: Lowers Apple (AAPL.US) target price from $370 to $360, maintains Buy rating.
- On July 31, Foreign Ministry spokesperson Mao Ning hosted a regular press conference. A reporter asked, according to The Wall Street Journal, Tesla is considering spinning off its China business to pave the way for a potential merger with SpaceX. What is China’s comment on this report? Mao Ning responded: “I am not aware of the specific situation you mentioned. As a matter of principle, we have always opposed the overstretching of the concept of national security and are against discriminatory
- Shell (SHEL.US) plans to sell Cyprus assets for up to $720 million, focusing on liquefied natural gas business.
- Escalating conflicts fail to prevent increased oil supply; international oil prices fell by more than 1% on Friday.
- Shell (SHEL.US) plans to sell Cyprus assets for up to $720 million, focusing on liquefied natural gas business
- Sony (SONY.US) executive: Detailed discussions with TSMC (TSM.US) are progressing smoothly.
- Bank of Japan Governor Kazuo Ueda: The impact of foreign exchange on prices is now greater than in the past. Currently, the main bottlenecks for capital expenditure are labor shortages and rising material costs, rather than rising interest rates. Over the past year, the yen has depreciated.
- UK natural gas prices continue to fall to 140 pence/therm as Qatari LNG vessels pass through the Strait of Hormuz, easing supply concerns
- Norway’s public loan debt rose 4.4% year-on-year in June, with household loan growth edging up slightly.
- According to Indian officials: The Indian police in Hyderabad have filed a case against the head of Meta Platforms (META.US) India because a Facebook user posted content depicting Prime Minister Modi in an insulting manner.
- Filling up a tank of gas will cost an extra 27 yuan.
- France's domestic producer prices fell by 0.6% month-on-month in June, with coke and refined petroleum products leading the decline
- BP (BP.US) launches sale of North Sea operations! New CEO accelerates asset restructuring, aims to raise $20 billion by end of 2027 to reduce debt
- BP launches sale of North Sea business! New CEO accelerates asset restructuring with goal to raise 20 billions USD by end of 2027 to reduce debt
- National Development and Reform Commission: Based on changes in international oil prices, starting from 24:00 on July 31, domestic gasoline and diesel (standard grade) prices will be raised by 685 yuan and 655 yuan per ton, respectively.
- Commodity futures close
- Japan and South Korea Jointly Intervene in the Foreign Exchange Market to Support Their Currencies! Rare Move May Have U.S. Backing
- Sony (SONY.US) image sensor factory resumes operations after earthquake, Apple supply chain remains unaffected
- Sony (SONY.US) image sensor factory restarts after earthquake, Apple supply chain not directly affected
- South Korea's KOSPI index closed up 18%. SK Hynix surged 30% and hit the daily limit, while Samsung Electronics rose nearly 27%. Foreign investors recorded a net purchase of KOSPI stocks worth 7.2 trillion Korean won on Friday, with all figures hitting historical records.
- Braveheart Bio (BRVE.US) sets IPO pricing at $15-17 per share, aiming to raise $300 million to advance global Phase III clinical trials of cardiovascular drugs.
- Kioxia’s operating profit for the second quarter was 1.27 trillion yen, compared to 44.899 billion yen in the same period last year; net profit was 842.165 billion yen, compared to 18.284 billion yen last year. The company will implement a 3-for-1 stock split and plans to repurchase up to 800 billion yen in shares.
- Boeing (BA.US) Sends "Final Contract Offer" to 17,000 Engineers, SPEEA Negotiation Team Endorses to Avert Repeat Strike
- On July 31, analysts at Fubon Research stated that Google's TPU production could reach 12 to 15 million units in 2028, potentially surpassing or approaching Nvidia's annual data center AI GPU shipments. Therefore, Google will need to rely on Intel Foundry (especially its advanced packaging capacity) to make up for insufficient supply from TSMC.
- Foreign investors made net purchases of KOSPI stocks worth 7.2 trillion won on Friday, setting a historic record.
- UK Energy Minister: I am in close contact with BP and have made it clear that my top priority is to ensure the safety of workers and local communities during this sale process. The North Sea is a vital national asset, and we will take a pragmatic approach. Oil and natural gas will continue to be part of our energy mix for years to come.
- Kazakh gold miner SOLIDCORE reports gold equivalent production of 86,000 ounces in the second quarter, with gold equivalent sales of 82,000 ounces.
- The AI investment frenzy shows no signs of cooling down! Amazon and Microsoft earnings reports signal strong demand for computing power
- The AI investment frenzy shows no signs of cooling down! Amazon and Microsoft earnings reports signal strong demand for computing power
- Bank of Japan Maintains Interest Rates but Sees "Hawkish Dissent"; Market Awaits Kazuo Ueda's Press Conference Amid Ongoing Intervention Turmoil
- MOL Group invests $720 million to acquire Shell’s stake in Cyprus Aphrodite gas field, with first production planned for 2031
- Gold prices edged down slightly but monthly gains are expected; Middle East tensions and US Fed outlook impact the market
- Entertainment Drives Growth! Sony (SONY.US) Q1 Operating Profit Soars 40%, Upgrades Full-Year Earnings Guidance
- Barclays: Eurozone interest rates trapped in a "cycle of hope and fear," German bonds face worst July in over twenty years
- British Pound struggles to extend recovery against Japanese Yen
- USD/CAD Price Forecast: Steadies above June low as bears await 1.4000 breakdown
- Shell (SHEL.US): Agreement reached to sell its wholly owned subsidiary BG Cyprus to MOL Group, with the transaction amount up to 720 million US dollars.
- Indian stock market, shorted by AI, sees a recovery: IT stocks rebound strongly, while banking, power, and pharmaceutical sectors favored
- Shell (SHEL.US): BG Cyprus holds a 35% non-operating interest in Cyprus offshore Block 12. The transaction is expected to be completed in early 2027.
- The Finnish Ministry of Finance will hold a euro-denominated Treasury bill auction on August 4, with a maximum auction amount of 2 billion euros.
- Swiss central bank achieves solid profit in the first half of the year, stock gains offset decline in gold value
- Royal Bank of Canada raises Rivian (RIVN.US) target price from $14 to $16.
- adidas quarterly revenue hits record high, but World Cup investment fails to deliver expected profits
- Spot platinum has just broken through the $1,630.00/ounce level, last trading at $1,629.70/ounce, down 1.66% on the day; the main Nymex platinum futures contract is now quoted at $1,640.8/ounce, down 1.17% on the day.
- JPMorgan raises Amazon (AMZN.US) target price from $330 to $365.
- Shanghai fuel oil futures just surpassed the 3,500 yuan/ton mark, currently quoted at 3,499 yuan/ton, down 4.53% on the day.
- China INE crude oil futures main contract just broke through the 540.0 yuan/barrel mark, now quoted at 539.9 yuan/barrel, down 3.76% on the day.
- Piper Sandler raises Mastercard (MA.US) price target from $597 to $710.
- Brent crude oil futures have just surpassed the $85.00 per barrel mark, now quoted at $84.98 per barrel, down 2.53% on the day.
- Swiss National Bank: Achieved a profit of 25.2 billion Swiss francs in the first half of 2026. Foreign currency position income reached 31.7 billion Swiss francs, while Swiss franc position income amounted to 100 million Swiss francs. Gold holdings recorded a valuation loss of 6.4 billion Swiss francs in the first half of the year.
- Sony Semiconductor Manufacturing: Kumamoto Technology Center to gradually resume operations from August 4 after suspension due to earthquake.
- Sony Semiconductor Manufacturing: The Kumamoto Technology Center will return to pre-earthquake operational levels by mid-August.
- Tesla CEO Elon Musk once again denied selling Tesla's China business on social media, stating: "This has never even been discussed. It's completely absurd fake news."
- Bank of Japan Keeps Interest Rates Unchanged as Expected, Lowers Core Inflation Forecast for Fiscal 2026, Takata Dissent on Rate Hike
- Spot Gold Technical Analysis: May Test the $4,120 Resistance Level Again
- Who will pay for the AI supercycle?
- TD Cowen: Raises Apple (AAPL.US) price target from $350 to $400.
- Sumitomo Mitsui Banking Corporation: Besides Takada’s view, continuous rate hikes are suggested, and yen depreciation may accelerate the pace of interest rate increases.
- Rare "Amphibious" Mining Company: Silvercorp Metals (SVM.US) Anchors to Silver, Secures Dual Growth in Copper and Gold
- Investment bank D.A. Davidson lowered Roblox (RBLX.US) target price from $45 to $40.
- Capital Economics: Bank of Japan may raise interest rates to 2% by the end of next year, with concerns about increasing inflation risks intensifying
- IBM (IBM.US) Announces Entry into the "Quantum Advantage" Era: CEO Predicts Substantial Revenue Contribution by 2028, Trillion-Dollar Value to be Unlocked in the 2030s
- The "generational" decision for Tesla (TSLA.US): Advisors reportedly studying a spin-off or sale of its China business to remove obstacles to a potential merger with SpaceX.
- Shipping Data: High Traffic in the Bab el-Mandeb Strait, Hormuz Strait Remains at Low Levels
- Spot platinum has just surpassed the $1640.00/oz mark, last quoted at $1640.28/oz, down 1.02% for the day; Nymex platinum futures main contract last quoted at $1647.0/oz, down 0.80% for the day.
- The Bank of Japan maintains a hawkish stance and raises its assessment of economic risks, with markets betting on another rate hike before October.
- The global iron ore export hub faces another shutdown crisis! BHP’s Port Hedland workers threaten a 24-hour strike next week
- Regarding reports that Tesla (TSLA.US) is considering selling its China operations to pave the way for a potential SpaceX merger, Tesla CEO Elon Musk responded: "This is fake news."
- Global Central Banks’ Gold Purchases Hit Record High in Q2, Gold Price Finds Support Above $4,100
- The Bank of Japan keeps interest rates unchanged but faces internal divisions, with one policy board member proposing a rate hike to 1.25%.
- According to reports, Tesla is considering spinning off its China business to pave the way for a potential future merger with SpaceX. In response, Tesla China told reporters that this is "untrue information." (Cailian Press)
- Bank of Japan interest rate decision: Due to the depreciation of the yen and the high prices of crude oil and other major commodities, the year-on-year increase in import prices has risen significantly recently.
- Piper Sandler: Lowers Reddit (RDDT.US) price target from $215 to $195.
- KKR, Mirastar: Acquired Portfolio for About GBP170M >KKR
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- Global Energy Roundup: Market Talk
- Oil Slips But Remains on Track for Monthly Gain of Around 20% -- Market Talk
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- Equinox Gold: Intends to Cause Orla to Delist Shares From Toronto Stock Exchange, NYSE >EQX.T
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- Equinox Gold: Chair Ross Beaty Has Stepped Down; Appointed Chairman Emeritus, Special Advisor to Board >EQX.T
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