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UK May services index MoM 0.3% vs 0.1% expected; prior revised from -0.20% to -0.10%.

2026-07-16

UK May services index MoM 0.3% vs 0.1% expected; prior revised from -0.20% to -0.10%.

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2026-07-16

TSMC (TSM.N) reported a 4% quarter-over-quarter decline in revenue from its smartphone business in the second quarter.

TSMC (TSM.N) reported a 4% quarter-over-quarter decline in revenue from its smartphone business in the second quarter.
2026-07-16

Guotai Haitong Asset Management says the CSI TMT index is trading near historical highs and sector-wide downside risk is building, calling for greater emphasis on risk management. With popular sub-sectors largely priced to perfection, strategies shou

Guotai Haitong Asset Management says the CSI TMT index is trading near historical highs and sector-wide downside risk is building, calling for greater emphasis on risk management. With popular sub-sectors largely priced to perfection, strategies should be more cautious and rigorously weigh risk/reward, shifting toward deeply discounted recovery assets and structural opportunities driven by frontier tech innovation. Following a sharp early rally, market growth expectations for the AI compute supply chain are largely priced through 2027; incremental growth beyond that will be highly dependent on realization of AI commercialization revenues and sustained financing, which increases long-term uncertainty. Allocate compute exposures more conservatively and avoid chasing rallies.
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