Real-time News

Israel Defense Forces: Dozens of weapons found in a village in southern Lebanon.

According to a report from Futures on July 30, Enterprise Singapore (ESG) reported that Singapore's middle distillate fuel inventories fell by 981,000 barrels to a seven-week low of 7.734 million barrels in the week ending July 29.

Futures News, July 30th: Enterprise Singapore (ESG) reported that as of the week ending July 29th, Singapore's light distillate fuel oil inventories rose by 616,000 barrels to a three-week high of 12.084 million barrels.

Italy's second-quarter GDP growth rate was 0.2% (preliminary estimate), below the expected 0.1% and the previous value of 0.30%.

Italy's preliminary second-quarter GDP annualized rate was 1%, below the expected 0.7% and the previous value of 0.80%.

Germany's seasonally adjusted GDP growth rate for the second quarter was 0.2%, below the expected 0.1% and the previous reading of 0.30%.

Germany's preliminary estimate for second-quarter GDP annualized growth, adjusted for working days, was 0.9%, below the expected 0.6% and the previous reading of 0.40%.

European Council President Costa: Last night, Russia launched a large-scale joint attack on Ukraine. Polish airspace was also violated during the attack, once again demonstrating the threat Russia poses to security across Europe. We are increasing our support to strengthen Ukraine's air defenses, including anti-missile and anti-drone capabilities.

July 30th - The 2026 World Energy Storage Conference officially announced on July 30th that it will be held in Ningde City, Fujian Province, from October 14th to 16th, 2026. The conference is jointly hosted by the Equipment Industry Development Center of the Ministry of Industry and Information Technology, the Fujian Provincial Department of Industry and Information Technology, and the Ningde Municipal People's Government. This year's conference continues the permanent theme of "Zero Carbon. Technology" and has established "Intelligent Storage for a New Era, Greening the World" as the 2026 theme.

Saudi Arabia's economy suffered its worst quarterly contraction since the COVID-19 pandemic on July 30, as the Iraq War posed challenges to the key oil industry. According to preliminary data released Thursday by the Saudi General Authority for Statistics, the country's GDP growth fell 4.8% year-on-year in the second quarter, compared to 3% growth in the first quarter. The economic contraction was primarily driven by a 24.7% drop in oil sector growth, compared to just 2.9% in the first quarter. Non-oil activity grew by 0.6%, a slowdown from 2.9% in the previous quarter. Saudi authorities are focusing on repositioning the economy, thus prioritizing the non-oil sector.

LG Electronics: Second-quarter results included a one-off gain of approximately 300 billion won, including a U.S. tariff refund.

July 30th - On July 28th, 2026, Finance Minister Lan Foan met with Deputy Prime Minister Bouya of the Republic of Congo in Beijing. The two sides exchanged views primarily on cooperation in the financial sector and the macroeconomic situation. Chen Huaiyu, Chairman of the Export-Import Bank of China, Yoka, Minister of Finance, Budget and Treasury of the Republic of Congo, and Mamina, Ambassador to China, also attended the meeting.

The Secretary-General of the Council of Europe stated that Russia's war in Ukraine is escalating to an unprecedented level. The same applies to wars in the Middle East. All parties must sit down and begin working towards a sustainable, realistic, and long-term peace solution.

On July 30, it was reported that on July 24, the CPC Central Committee held a symposium with non-CPC members at Zhongnanhai to solicit opinions and suggestions from leaders of various democratic parties, the All-China Federation of Industry and Commerce, and representatives of non-party figures on the current economic situation and economic work for the second half of the year. Xi Jinping, General Secretary of the CPC Central Committee, presided over the symposium and delivered an important speech, emphasizing that to do a good job in economic work in the second half of the year, it is necessary to adhere to the general principle of seeking progress while maintaining stability, fully and accurately implement the new development philosophy, accelerate the construction of a new development pattern, better coordinate domestic and international affairs, coordinate development and security, persist in deepening reform and opening up, accelerate the transformation of old and new growth drivers, implement a more proactive fiscal policy and a moderately loose monetary policy, give full play to the effectiveness of existing policies, promptly plan and introduce practical and effective incremental policies, increase counter-cyclical adjustments, vigorously expand domestic demand and optimize supply, effectively guarantee and improve people's livelihoods, enhance development momentum and stimulate social vitality, promote sustained and positive economic development, and strive to achieve a good start to the 15th Five-Year Plan.

On July 30th, Deutsche Bank pointed out that the Federal Reserve's decision to keep interest rates unchanged and the limited details provided by Chairman Warsh triggered a sharp steepening of the US Treasury yield curve, pushing the 30-year yield up to 5.20% and putting pressure on the stock market. The S&P 500 recorded its worst single-day performance in seven weeks, while weakness in technology stocks dragged the Nasdaq 100 into correction territory. Asian and European stock markets showed mixed performance. The rise in US Treasury yields ultimately put pressure on the stock market after experiencing significant intraday volatility. The S&P 500 fell more than 0.5% ahead of the FOMC meeting, turned positive during Warsh's press conference, but fell sharply in the last trading hour, ultimately closing down 1.52%. A renewed plunge in chip stocks also dragged down the market, with the Philadelphia Semiconductor Index plummeting 5.33%. The decline in technology stocks also pushed the Nasdaq 100 (-2.06%) into technical correction territory, currently down 11.3% from its early June peak.

BMW CEO: We do not plan to significantly reduce our product portfolio, but are considering model derivatives and configurations.