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Royal Bank of Canada raised its price target for Thermo Fisher Scientific (TMO.N) from $490 to $580.

July 24th - In June 2026, the China Green Certificate Price Index closed at 181.0 points (with January 2025 as the base period of 100 points), down 0.2% month-on-month and up 23.2% year-on-year.

On July 24th, it was reported that in June 2026, the National Energy Administration issued 373 million green certificates, involving 1.2475 million renewable energy power generation projects. Of these, 206 million were tradable green certificates, accounting for 55.41%, roughly the same as the previous month. This period saw the issuance of 270 million green certificates corresponding to renewable energy power generation in May 2026, accounting for 72.38%. The number of green certificates issued for conventional hydropower, biomass power generation, and other renewable energy power generation types all increased this month, with conventional hydropower seeing the largest increase.

Minsheng Capital (01141.HK) fell in the afternoon, dropping more than 40% at one point, but has now narrowed its losses to 30%.

July 24th - Data released by the UK Office for National Statistics on Friday showed that UK retail sales unexpectedly rose 1.0% month-on-month in June, compared to economists' expectations of a 0.3% decline. Year-on-year growth in June retail sales was 4.2%, also higher than the 2.3% increase predicted by economists. Hannah Finselbach, senior statistician at the Office for National Statistics, said that demand for "outdoor goods, air conditioning and clothing" was strong in June, and online sales of sporting goods were also good. These figures further demonstrate that consumer sentiment is improving after the Middle East conflict hit consumer confidence. Household inflation fell to its lowest level in over a year due to lower fuel and food prices, and the sluggish labor market also showed signs of stabilizing. However, this recovery remains fragile. The recent breakdown of the US-Iran ceasefire agreement has reignited concerns about soaring energy bills and rising mortgage costs.

July 24th - Tencent announced the merger of its Mixed Multimodal Model Department and Large Language Model Department into a new Basic Model Department, under the unified management of Tencent's Chief AI Scientist Yao Shunyu. This merger aims to further improve model development and collaboration efficiency and explore the intelligent upper limit of multimodal models.

Kia Motors shares plunged 13% after the company released its second-quarter earnings report.

ECB Governing Council member Mollan: US President Trump's tariffs have brought more uncertainty to the global economy and growth.

ECB Governing Council member Mollan: We will be watching the scale and duration of the oil shock.

On July 24th, Morgan Stanley strategists stated in a report that recent data suggests the Federal Reserve will hold rates steady at its July meeting and is likely to keep rates unchanged for the remainder of the year. They wrote, "The Fed is losing patience with above-target inflation. The trajectory of inflation in the coming months is crucial—we expect inflation to decline as expected—otherwise, the Fed may turn to raising rates later this year." The money market has already priced in nearly two Fed rate hikes before the end of the year. However, a slowing inflation trend could prompt the Fed to keep rates unchanged this year, maintaining the federal funds rate in the 3.50% to 3.75% range. "We expect the downward trend in inflation to keep the Fed on hold this year."

ECB Governing Council member Kochel: The growth outlook is poor, but we are still far from a recession.

European Central Bank Governing Council member Koch said there is currently no risk of an economic recession.

ECB Governing Council member Kochel: The duration of the Middle East conflict is clearly crucial to monetary policy.

The EU believes (regarding Trump's tariffs) that this outcome is in line with the tariff commitments agreed upon by the US under the EU-US Joint Statement.

ECB Governing Council member Koch said: If the inflation outlook worsens and inflation expectations also deteriorate, it will be necessary to take action.

ECB Governing Council member Koch said: If I knew whether a September rate hike was the most likely outcome, I would have told you.

The EU expects the US to continue to abide by the terms of the EU-US joint statement.

July 24 – The Iranian military issued a statement today saying that, as part of the 24th phase of Operation Lightning, it used Arash drones to attack fuel storage facilities, equipment depots, and personnel bases at the Sheikh Issa airbase in Bahrain early this morning. The statement also said that the Iranian military launched drone attacks on aircraft hangars, aircraft maintenance facilities, and personnel bases at the Azraq airbase in Jordan.