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ECB Governing Council member Kochel: Uncertainty and volatility remain high.

July 31 – According to data from the Shanghai Municipal Tax Service, value-added tax invoices show that in the first half of the year, sales revenue in traditional industries such as food manufacturing in Shanghai increased by 9.2% year-on-year. Meanwhile, emerging industries maintained rapid growth, with sales revenue in sectors such as intelligent vehicle equipment and robotics increasing by 61.5% and 17.5% year-on-year, respectively.

Italy's FTSE MIB index rose 1.00% on the day.

On July 31, the Ministry of Industry and Information Technology (MIIT) released the economic performance of the telecommunications industry in the first half of 2026. In the first half of the year, telecommunications business revenue totaled 887.3 billion yuan, a year-on-year decrease of 2.1%. The total volume of telecommunications business, calculated at constant prices from the previous year, increased by 7.7% year-on-year. The number of mobile phone users remained stable with slight growth, and 5G users developed rapidly. As of the end of June, the total number of mobile phone users of the three major basic telecommunications enterprises and China Broadcasting Network reached 1.844 billion, a net increase of 17.04 million from the end of last year. Among them, 5G mobile phone users reached 1.288 billion, a net increase of 84.34 million from the end of last year, accounting for 69.9% of all mobile phone users. 5G network construction continued to deepen. As of the end of June, the total number of 5G base stations reached 5.102 million, a net increase of 263,000 from the end of last year, accounting for 39.1% of the total number of mobile base stations, an increase of 0.9 percentage points compared to the first quarter.

Royal Bank of Canada: Raises its price target for Amazon (AMZN.O) from $320 to $330.

ECB Governing Council member Koch said the ECB Governing Council will make a decision in the fall based on the latest data to sustainably restore the eurozone inflation rate to the target level of 2%.

ECB Governing Council member Koch said: "Recent developments have shown how geopolitical situations can rapidly change energy prices and thus affect the inflation outlook."

Russian Ministry of Defense: Russian troops have taken control of Virivka in the Kharkiv region and Stinki in the Donetsk region of Ukraine.

Baidu (09888.HK): The Board of Directors will hold a meeting on Tuesday, August 18, 2026, to approve the announcement of the second quarter and interim financial results for 2026.

Italy's preliminary CPI monthly rate for July was 0.2%, below the expected 0.30% and the previous value of 0.00%.

Italy's preliminary harmonized CPI annual rate for July was 2.9%, below the expected 2.8% and the previous reading of 3.00%.

On July 31st, the Beijing Economic-Technological Development Area (BDA) held a "Creating the Future for Enterprises" themed event – the Beijing Yizhuang Commercial Aerospace Open Day – which was attended by nearly 100 companies from the upstream and downstream industrial chains of commercial aerospace and financial institutions. At the event, the BDA Robotics and Intelligent Manufacturing Industry Bureau, the China Aerospace Standardization and Product Assurance Research Institute, and JD Industry signed a memorandum of understanding to jointly build and operate the nation's first commercial aerospace product reliability platform – the Beijing Rocket Street Commercial Aerospace Product Reliability Platform. According to reports, the Beijing Rocket Street Commercial Aerospace Product Reliability Platform, coordinated and deployed by the BDA, will be officially launched soon, aiming to provide commercial aerospace companies with a full-chain digital and intelligent supply chain service, from supplier selection and recommendation, quality risk screening to genuine product assurance and intelligent fulfillment.

The Eurozone's core CPI annual rate preliminary reading for July was 2.2%, below the expected 2.3% and the previous reading of 2.1%.

The official selling price of Oman crude oil in September was $76.36 per barrel, compared to $79.09 in August.

The onshore yuan closed at 6.7476 against the US dollar at 16:30 on July 31, up 88 points from the previous trading day.

Hong Kong's final GDP growth rate for the second quarter was -0.6%, compared to a forecast of -0.3% and a previous reading of 2.90%.

Hong Kong's final GDP annualized rate for the second quarter was 4.3%, below the expected 4.5% and the previous value of 5.90%.

US semiconductor stocks continued to rise in pre-market trading, with TSMC (TSM.N) up more than 4%, ASML (ASML.O) up 3.2%, Arm (ARM.O) up 4.8%, and Broadcom (AVGO.O) up more than 1.3%.