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The onshore yuan closed at 6.7817 against the US dollar at 16:30 on July 13, down 33 points from the previous trading day.

2026-07-13

The onshore yuan closed at 6.7817 against the US dollar at 16:30 on July 13, down 33 points from the previous trading day.

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2026-07-13

Citigroup strategists led by Beata Manthey cut the UK equity allocation two notches to underweight in global asset allocation, citing the market’s defensive bias and heavy commodity/energy exposure as less attractive as geopolitical tensions ease. Th

Citigroup strategists led by Beata Manthey cut the UK equity allocation two notches to underweight in global asset allocation, citing the market’s defensive bias and heavy commodity/energy exposure as less attractive as geopolitical tensions ease. The team favors US and Japanese equities and leaves other European markets at neutral. They note the FTSE 100’s roughly 10% energy weight and near-35% allocation to defensive sectors (healthcare, staples) supported outperformance during the Iran-driven oil spike, but the index has lagged since the US and Iran announced a ceasefire on April 8.
2026-07-13

China's State Council approved the Plan to Expand Consumption (15th Five-Year). It calls to expand inbound consumption by steadily widening the list of visa-free countries and further optimizing transit visa-free arrangements, and to add internationa

China's State Council approved the Plan to Expand Consumption (15th Five-Year). It calls to expand inbound consumption by steadily widening the list of visa-free countries and further optimizing transit visa-free arrangements, and to add international air routes with priority for more direct flights to Europe, the US and Belt and Road partner countries. The plan directs upgrades to international services in public venues, an improved payment environment for inbound spending, and faster processing for customs, accommodation registration, transport, telecom and attraction reservations. It seeks to liberalize departure tax-refund procedures, increase tax-free shops and promote buy-now-refund-on-the-spot services, encourage more domestic brands in port and city duty-free shops, and develop high-recognition consumer brands, cultural landmarks, experiential events and internationally oriented education, healthcare and MICE markets.
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