Real-time News

Td Cowen: Raised its price target for Lockheed Martin (LMT.N) from $560 to $600.

July 28th - Pictet Wealth Management points out that the market is currently pricing in an unusually high probability of a Federal Reserve rate hike. "While we cannot completely rule out the risk of an unexpected rate hike, the current market pricing appears overvalued," said Senior U.S. Economist Xiao Cui in a report. The latest U.S. inflation data and comments from Fed officials have reinforced expectations that the Fed will keep interest rates unchanged at 3.5%-3.75% this week. However, she stated that officials continue to view inflation as a more significant policy risk, opening the door to tightening policy as early as September. Cui also believes that Logan and Hammark on the committee may vote against a 25-basis-point rate hike, and Kashkari may join this camp.

July 28 – The Hong Kong Special Administrative Region (HKSAR) Government and the Ministry of Industry and Information Technology (MIIT) signed a cooperation agreement today (July 28) at the HKSAR Government Headquarters to jointly build a manufacturing innovation center in Hong Kong. Sun Dong, Secretary for Innovation, Technology and Industry, stated that this year's budget has proposed allocating funds to build Hong Kong's first overseas national manufacturing innovation center, aiming to promote breakthroughs in key technologies, drive the industrialization of research results, and attract international talent. In this regard, the HKSAR Government supports the Hong Kong Microelectronics Research & Development Institute (MICRI) to take the lead in operating the innovation center, building upon its existing foundation. This move will align with the nation's technology and industrial planning priorities and leverage Hong Kong's unique advantages within its existing semiconductor ecosystem.

July 28th - On July 27th, Shanghai State-owned Investment Corporation and the Shanghai Branch of the Export-Import Bank of China signed a strategic cooperation memorandum. The two parties will deepen the strategic linkage between state-owned capital and policy-based finance, focus on policy-based financial products to support key strategic projects, explore new models of investment and loan synergy, and jointly cultivate new quality productivity.

July 28 - Three sources familiar with the matter revealed on Tuesday that Saudi Aramco is considering a new pricing mechanism for crude oil loaded at Egypt's Siddiqr port and shipped to Asia, to reflect increased transportation costs due to longer voyages caused by the diversion of Red Sea exports. Saudi Aramco has not yet immediately responded.

Royal Bank of Canada: Lowered its price target for Tesla (TSLA.O) from $500 to $480.

Reserve Bank of Australia Governor Bullock: The housing market is a litmus test of whether financial conditions are tightening.

July 28 - The China Earthquake Networks Center officially measured a 5.8-magnitude earthquake in Xinghai County, Hainan Prefecture, Qinghai Province (35.35°N, 99.58°E) at 11:34 AM on July 28, with a focal depth of 10 kilometers. Two earthquakes of magnitude 5 or higher struck Qinghai, with their epicenters 1 kilometer apart and 18 minutes apart. The tremors were felt in Xining, Lanzhou, and other areas. The China Earthquake Administration has activated a Level IV emergency response.

Reserve Bank of Australia Governor Bullock: Further oil shocks could solidify high inflation expectations.

A Reuters poll indicates that India's economy is projected to grow by 6.6% in fiscal year 2026-27 and 6.8% in fiscal year 2027-28 (compared to 6.7% and 6.9% in the May poll).

Reserve Bank of Australia Governor Bullock: If the committee believes that inflation will not fall, it will face some tough decisions.

Reserve Bank of Australia Governor Bullock: I don’t know what the committee will decide at its next meeting; it will depend on whether the committee considers the policy restrictive.

On July 28th, Citigroup stated that, based on a baseline scenario, despite the historically strong third quarter for stockpiling, Indian gold imports will remain subdued in the third quarter. This is due to ample scrap supply, cautious consumer sentiment, and local price discounts, which dampen demand for fresh imports. However, Citigroup maintains its 0-3 month short-term gold price target of $4,500. The bank stated that this target assumes an easing of tensions in the Strait of Hormuz and a less hawkish stance from the Federal Reserve; several risks remain that could cause gold prices to fall further in the short term, including a significant escalation, AI-driven risk-averse operations, and a continued hawkish stance from the Federal Reserve.

Reserve Bank of Australia Governor Bullock: Inflation is largely in line with our expectations.

Reserve Bank of Australia Governor Bullock: We are seeing an economic slowdown, and the housing market is slowing down more than expected.

On July 28th, futures market news reported that as oil prices retreated from their highs, chemical futures followed suit, weakening market sentiment. Benzene prices fell rapidly, closing at 7820-7960 yuan/ton on July 27th, a decrease of 490 yuan/ton from the previous trading day. Trading activity weakened, with some buying interest at lower levels but insufficient enthusiasm for bottom-fishing or chasing higher prices. Looking ahead, downstream industries continue to suffer losses, and price transmission remains difficult. The market is observing the temporary truce between the US and Iran, and the decline in European and American crude oil futures may have some impact on market sentiment, leading to a general weakening of expectations for chemical products.

On July 28th, at a press conference held by the Shenzhen Branch of the People's Bank of China and the Shenzhen Branch of the State Administration of Foreign Exchange for the first half of 2026, it was announced that Shenzhen's cross-border RMB settlement volume reached 3.8 trillion yuan in the first half of this year, a year-on-year increase of 37.9%, maintaining its third-largest position nationwide. Among these figures, the use of RMB in goods trade significantly improved. In the first half of the year, Shenzhen's cross-border RMB receipts and payments for goods trade totaled 836.4 billion yuan, a year-on-year increase of 50.2%, accounting for nearly 5 percentage points higher than the same period last year, reaching 31%. This fully leveraged the advantages of local currency settlement, helping foreign trade enterprises mitigate the impact of exchange rate fluctuations, reduce settlement costs, and improve transaction efficiency.