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Hong Kong stocks closed higher, with the Hang Seng Index rising 0.98% and the Tech Index rising 1.57%; MiniMax (00100.HK) surged over 17% and Xiaomi Group (01810.HK) rose over 7.3%.

2026-07-27

Hong Kong stocks closed higher, with the Hang Seng Index rising 0.98% and the Tech Index rising 1.57%; MiniMax (00100.HK) surged over 17% and Xiaomi Group (01810.HK) rose over 7.3%.

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2026-07-27

WTI crude futures plunged 8.00% in early trade to $83.23/bbl.

WTI crude futures plunged 8.00% in early trade to $83.23/bbl.
2026-07-27

Economists expect the Bank of England to adopt a hawkish tone but leave Bank Rate unchanged at 3.75% at Thursday’s MPC meeting, despite renewed Middle East hostilities and a fresh energy-price spike. Since the MPC’s June meeting the collapse of a US–

Economists expect the Bank of England to adopt a hawkish tone but leave Bank Rate unchanged at 3.75% at Thursday’s MPC meeting, despite renewed Middle East hostilities and a fresh energy-price spike. Since the MPC’s June meeting the collapse of a US–Iran truce has pushed oil back toward $100/bbl and European gas to its highest levels since the conflict began; continued Gulf shipping disruption could lift oil further. UK GDP rose 0.7% in the three months to May. CPI has undershot forecasts for three months and fell to 2.6% in June; wage growth is slowing and food inflation has eased, giving the MPC scope to hold rates while warning it stands ready to tighten if energy shocks intensify or become persistent.
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