Domestic News:
1. Xi Jinping inspects Shanghai.
2. GDP grew by 4.7% year-on-year in the first half of 2026.
3. National Bureau of Statistics: Industrial value-added above designated size increased by 5.3% in June.
4. National Bureau of Statistics: New residential housing sales prices in first-tier cities rose 0.1% month-on-month in June.
5. National Energy Administration: Total electricity consumption in June was 898.1 billion kilowatt-hours, a year-on-year increase of 3.7%.
6. Seven mobile phone-side models, including "Apple Smart," have completed registration; Alibaba's Qianwen will be integrated into Apple Smart as an AI capability.
7. National Bureau of Statistics: Per capita disposable income of residents nationwide was 22,981 yuan in the first half of the year, a nominal increase of 5.2% year-on-year.
8. People's Bank of China: The cumulative increase in social financing in the first half of 2026 was 20.84 trillion yuan, 2.02 trillion yuan less than the same period last year. At the end of June, the broad money supply (M2) balance was 356.71 trillion yuan, a year-on-year increase of 8%. 9. The People's Bank of China (PBOC): Will increase counter-cyclical and cross-cyclical adjustments to consolidate and expand the positive momentum of the economy; it is not advisable to judge the PBOC's policy orientation based on the size of a single open market operation; it will study gradually increasing the frequency of overnight reverse repurchase operations.
International News:
1. SpaceX shares fall below IPO price; Grok Build open-sourced.
2. Trump: Hopes for lower interest rates; holding rates steady is better than raising them; Russia is ready to reach an agreement to end the Russia-Ukraine conflict.
3. Russia confirms the death of the chief engineer of the Zaporizhia nuclear power plant in an attack.
4. South Korean media: Samsung secretly studies the feasibility of listing in the US; the company previously denied related plans.
5. Lee Jae-myung: South Korean stock market needs time to stabilize after a sharp rise; urges regulators to address the controversy surrounding leveraged ETFs.
6. South Korean media: South Korean brokerages plan to tighten rules for single-stock leveraged ETF investments; minimum margin requirements may be increased by five times.
7. The Bank of Canada kept interest rates unchanged at 2.25%, holding them steady for the sixth consecutive meeting, in line with market expectations.
8. Federal Reserve – Warsh: Recent inflation data does not perfectly reflect underlying inflation; dissatisfied with any current inflation indicators, and intending to find new monitoring tools. Williams: There are signs that inflation may have peaked and may gradually decline in the coming quarters. Beige Book: Economic activity in 11 of the 12 districts grew at a slight to moderate pace. Cook: It is wise to wait for inflation to slow for a while, but is prepared to act if it does not slow soon.
9. Middle East Situation –
① Iran: Iran will not be the first to ask for negotiations with the United States; there are currently no plans for negotiations, and the focus is on defense.
② Trump: Iran wants a meeting. Once the situation stabilizes, oil prices will fall to $55 per barrel.
③ Vance: There are people within Israel manipulating US public opinion to prolong military operations.
④ US military launches prolonged strike against Iran. Iran strikes US military bases in the Middle East.
⑤ US media: Trump is inclined to expand military action against Iran, with options including seizing Kharg Island.
⑥ US officials say the trilateral talks between the US, Israel, and Lebanon have concluded with positive results.
⑦ The U.S. military launched Hellfire missiles at an oil tanker bound for Iran and guided two merchant ships to change course.
