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The US dollar index (DXY) fell below 101, down 0.09% on the day.
2026-07-08
The US dollar index (DXY) fell below 101, down 0.09% on the day.
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2026-07-08
Citi cut its target price on Tencent to HKD 758 from HKD 763 and kept a Buy rating. For Q2 Citi forecasts revenue +9.3% YoY to CNY 201.7 bln and adjusted net profit +5.1% YoY to CNY 66.25 bln, citing caution over AI-related spending and profit drag;
Citi cut its target price on Tencent to HKD 758 from HKD 763 and kept a Buy rating. For Q2 Citi forecasts revenue +9.3% YoY to CNY 201.7 bln and adjusted net profit +5.1% YoY to CNY 66.25 bln, citing caution over AI-related spending and profit drag; estimates are below consensus. expect Citis H2 focus on agent-style AI trials within WeChat, mini-program integration with Hy3, next-generation/upgrades to the Hy model, and capex. Citi says Tencent will likely prioritize share buybacks, boost AI investment and use AI to reinforce core-business growth.
2026-07-08
CENTCOM said U.S. strikes were carried out in response to Iranian attacks on three commercial vessels transiting the Strait of Hormuz.
CENTCOM said U.S. strikes were carried out in response to Iranian attacks on three commercial vessels transiting the Strait of Hormuz.
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