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July 23 - Stronger-than-expected Australian employment growth in June prompted the interest rate market to increase bets on an August rate hike by the Reserve Bank of Australia (RBA). At the market open, the probability of a rate hike at the RBAs August policy meeting was 25%, and the probability of a rate hike for the remainder of 2026 was 80%. After the employment data was released, these probabilities rose to 33% and 95%, respectively. IG market strategist Tony Sycamore stated that with high inflation, the RBA will be concerned about the tightening labor market.
Piper Jaffray: Lowered its target price for Alphabet (GOOG.O) from $445 to $395.
On July 23, the official WeChat account of Guangdong Provincial Bureau of Statistics released data showing that, according to the unified accounting results for regional GDP, Guangdong achieved a GDP of 7,228.105 billion yuan in the first half of the year, a year-on-year increase of 4.5% at constant prices. Specifically, the added value of the primary industry was 224.894 billion yuan, an increase of 3.8%; the added value of the secondary industry was 2,732.761 billion yuan, an increase of 4.7%; and the added value of the tertiary industry was 4,270.45 billion yuan, an increase of 4.5%.
July 23 – The "15th Five-Year Plan for the Revitalization and Development of Traditional Chinese Medicine" was released today, comprehensively outlining the work plan for traditional Chinese medicine during the 15th Five-Year Plan period. The plan clarifies the guiding principles, development goals, and indicators for comprehensively promoting the development of traditional Chinese medicine during this period. The plan proposes that by 2030, a more complete traditional Chinese medicine service system covering the entire population and the entire life cycle will be established; new breakthroughs will be achieved in the prevention and treatment of major diseases using traditional Chinese medicine; the quality of grassroots services will be improved and upgraded; basic research capabilities will be significantly enhanced; the innovation and creativity of the traditional Chinese medicine industry will be greatly strengthened; and the cultural and international influence of traditional Chinese medicine will be further enhanced. The revitalization and development of traditional Chinese medicine will reach a new level, ensuring that everyone has access to traditional Chinese medicine services.
On July 23, according to Qichacha APP, Chengdu Jisu Engine Technology Co., Ltd. was recently established, with a business scope including natural science research and experimental development; engineering and technology research and experimental development; and agricultural science research and experimental development. Qichachas equity penetration analysis shows that the company is indirectly wholly owned by Douyin Co., Ltd.