Real-time News

It is understood that the Bank of Japan is nearing the stage of stabilizing price expectations, rather than pushing up inflation.

On July 22, the General Office of the Chengdu Municipal People's Government issued the "Chengdu Action Plan for Deepening the Implementation of 'Artificial Intelligence+'". The Action Plan proposes to strengthen the research and development of general technologies, conduct research on core technologies such as integrated perception, driving decision-making, and precise vehicle control, and continuously address technological shortcomings. Focusing on the core components of intelligent connected systems, it prioritizes the development of key software and hardware products such as intelligent cockpits, operating systems, and in-vehicle terminals to solidify the support for industrial development. It also aims to leverage artificial intelligence technology to deeply integrate into the entire process of vehicle R&D and upgrading, promoting vehicle manufacturers to accelerate the R&D and mass production of L3 and above intelligent connected vehicles.

Indonesia's 7-day reverse repo rate as of July 22 was 5.75%, compared to an expected 6.00% and the previous value of 5.75%.

On July 22, the General Office of the Chengdu Municipal People's Government issued the "Chengdu Action Plan for Deepening the Implementation of 'Artificial Intelligence+'". The Action Plan proposes to deepen the collaborative innovation mechanism, explore new research paradigms driven by artificial intelligence, accelerate breakthroughs in key technologies, and expedite the process of scientific discovery. It also emphasizes strengthening original scientific and technological research to enhance the capacity for original supply. Furthermore, it calls for consolidating the foundation of computing power, strengthening scientific computing power guarantees, accelerating the development of high-performance computing, and enhancing the capacity for inclusive and efficient intelligent computing power supply.

On July 22nd, RSM UK analyst Thomas Pugh stated that the UK's inflation rate fell to 2.6% in June, virtually eliminating the possibility of a Bank of England rate hike next week. While overall inflation was lower than the central bank's expectations, the decline was primarily driven by lower food, fuel, and energy prices. More importantly for policymakers, the services sector inflation rate, a key indicator of domestic price pressures, met expectations. Pugh predicts that inflation will rebound to around 3.3% in the autumn as the effects of rising energy costs, supply chain pressures, and food price increases gradually materialize, and could be even higher if oil prices surge further. He expects interest rates to remain unchanged and believes there will be no rate cuts before 2027.

On July 22nd, Richard Carter of Quilter Cheviot stated in a report that the Bank of England is expected to maintain its interest rate at 3.75%, while awaiting clearer signs of the impact of the Middle East conflict. The latest UK inflation data shows that the inflation rate fell back to 2.6% in June following a brief drop in oil prices after the US-Iran ceasefire. Carter stated, "Given the possibility that the situation in the Middle East could still escalate into a full-blown conflict as it did earlier this year, this will continue to put pressure on inflation." The market currently expects the Bank of England to raise interest rates by a cumulative 40 basis points by 2026.

July 22nd Futures News: On July 22nd, the Shanghai Futures Exchange's energy and chemical warehouse receipts and changes are as follows: 1. Pulp futures warehouse receipts: 319,520 tons, an increase of 5,991 tons compared to the previous trading day; 2. Pulp futures mill warehouse receipts: 20,000 tons, unchanged compared to the previous trading day; 3. Offset paper futures warehouse receipts: 2,758 tons, unchanged compared to the previous trading day; 4. Offset paper futures mill warehouse receipts: 6,600 tons, unchanged compared to the previous trading day; 5. Fuel oil futures warehouse receipts: 25,960 tons. 6. Petroleum asphalt futures warehouse receipts: 11,290 tons, unchanged from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts: 20,110 tons, unchanged from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts: 2,961,000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts: 0 tons, unchanged from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts: 0 tons, unchanged from the previous trading day.

Indonesian central bank governor: The Federal Reserve is expected to raise interest rates earlier than expected in the fourth quarter of 2026.

July 22 - As the US-Iran conflict pushed up oil prices, the dollar weakened but remained near its one-week high reached overnight. Deutsche Bank analysts stated in a report that rising oil prices, along with natural gas and other commodity prices, have increased recent inflation expectations. "Against this backdrop, investors are repricing their expectations for a Fed rate hike, and the market is even beginning to speculate again that the Fed may raise rates next week," the analysts said.

On July 22, the Shanghai Municipal People's Government issued a notice regarding the "15th Five-Year Plan for Accelerating the Construction of Shanghai as an International Shipping Center." The plan emphasizes the vigorous development of financing for aircraft, ships, and core components; support for qualified banks to provide cross-border and offshore syndicated loans; support for qualified financial leasing companies (including financial leasing companies) to establish special purpose vehicles (SPVs) to conduct leasing business; and improvement of the one-stop financial leasing platform service level in the Lingang New Area. It also supports shipping companies in connecting with multi-tiered capital markets, exploring the establishment of industry funds, and expanding financing channels and models. Furthermore, it supports financial institutions in providing auxiliary verification for shipping and trading companies in settlement, financing, and insurance through electronic document on-chain storage and cross-matching. The plan also supports qualified shipping companies in establishing global or regional treasury management centers to facilitate centralized onshore management and use of domestic and foreign funds. Finally, it aims to improve the convenience and efficiency of cross-border RMB use and payment, guiding companies in the shipping industry chain to prioritize RMB pricing or settlement.

Amazon (AMZN.O) has opened its first Canadian disaster relief center in Edmonton, specifically to deal with wildfire disasters.

On July 22, it was reported that the influenza virus split vaccine developed by the Shanghai Institute of Biological Products, a subsidiary of China National Biotec Group (CNBG), successfully obtained batch release certification, marking the official market launch of the new season's CNBG influenza virus split vaccine. This will provide strong support for influenza prevention and control in 2026-2027. The CNBG influenza virus split vaccine was developed using the 2026-2027 Northern Hemisphere influenza vaccine strain recommended by the World Health Organization (WHO).

Sources say six Ukrainian companies have been granted permission to export drones to the United States.

According to Futures News on July 22, as of 15:00 Beijing time, spot platinum rose 1.50% and spot palladium rose 1.77%.

The German DAX 30 index opened 33.76 points higher, or 0.14%, at 25026.13 on Wednesday, July 22; the UK FTSE 100 index opened 11.22 points lower, or 0.11%, at 10574.69; and the French CAC 40 index opened 11.37 points lower, or 0.14%, at 8351.77. (European...) The Stoxx 50 index opened down 27.98 points, or 0.45%, at 6257.65 on Wednesday, July 22; the Spanish IBEX 35 index opened down 115.16 points, or 0.59%, at 19263.64 on Wednesday, July 22; and the Italian FTSE MIB index opened down 160.09 points, or 0.31%, at 52125.00 on Wednesday, July 22.

The yield on German two-year government bonds hit a two-year high of 2.8177%, up 2 basis points on the day.

On July 22, it was reported that China's Ministry of Science and Technology and the European Commission recently signed a new round of joint research funding agreements between China and the EU. According to the agreement, from 2025 to 2027, China and the EU will focus on areas such as "Agricultural, Food and Biodiversity Solutions" (FAB) and "Climate Change and Biodiversity" (CCB), jointly funding practical R&D projects between Chinese and European universities, research institutions, and enterprises to address global challenges such as climate change and provide technological solutions for achieving carbon neutrality and green, low-carbon development. As per the agreement, China will implement the joint funding mechanism through the "Key Project for Intergovernmental International Science and Technology Innovation Cooperation" under the "National Key R&D Program," while the EU will implement the joint funding mechanism through "Horizon Europe."