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Following the release of the US CPI data, White House Deputy Press Secretary Kush Desai posted on social media: "President Trump has consistently stated that as shipping in the Strait of Hormuz returns to normal, oil prices and overall inflation will

2026-07-14

Following the release of the US CPI data, White House Deputy Press Secretary Kush Desai posted on social media: "President Trump has consistently stated that as shipping in the Strait of Hormuz returns to normal, oil prices and overall inflation will plummet like a stone. The June CPI report, significantly lower than expected, proves President Trump right; driven by falling energy prices, inflation saw its largest drop since April 2020. Furthermore, the president's broader economic agenda continues to yield results: prescription drug, healthcare, auto, and insurance costs have decreased, while real wages for ordinary Americans have risen."

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2026-07-14

Southbound capital saw a significant net inflow of HK$10.997 billion today. In the Shanghai-Hong Kong Stock Connect, Zhipu and GigaDevice saw net inflows of HK$2.29 billion and HK$810 million respectively; Xiaomi Group-W saw the largest net outflow,

Southbound capital saw a significant net inflow of HK$10.997 billion today. In the Shanghai-Hong Kong Stock Connect, Zhipu and GigaDevice saw net inflows of HK$2.29 billion and HK$810 million respectively; Xiaomi Group-W saw the largest net outflow, amounting to HK$43 million. In the Shenzhen-Hong Kong Stock Connect, NetEase and Kuaishou-W saw net inflows of HK$2.87 billion and HK$1.46 billion respectively; Meituan-W saw the largest net outflow, amounting to HK$558 million.
2026-07-14

Kpler said Ukrainian drone attacks have reduced Russian refinery throughput to a 21-year low of about 3.8 mln bpd. The firm expects Q3 refinery runs to remain subdued, with only limited recovery as ongoing strikes and repair work constrain operations

Kpler said Ukrainian drone attacks have reduced Russian refinery throughput to a 21-year low of about 3.8 mln bpd. The firm expects Q3 refinery runs to remain subdued, with only limited recovery as ongoing strikes and repair work constrain operations. Cumulative damage has sharply raised offline capacity: as of mid‑July roughly 4.3 mln bpd of capacity was offline or affected, about 58% of Russia’s refining capacity, and an estimated 1.5–2.0 mln bpd of processing capability is fully out of operation. Kpler forecasts a modest rebound to around 4.3 mln bpd in August as maintenance eases, but says continued drone attacks pose significant downside risk.
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