Barclays: spot crude may lead the move and could test $150/bbl if sustained for three months.

At the China Auto Forum in Shanghai (July 21–23), China and the EU signed agreements on July 22 to establish an automotive trusted data space ecosystem and interoperability technology cooperation. The accords target joint governance mechanisms, standards, digital infrastructure and application scenarios to deepen cross-border automotive data collaboration, marking a shift from strategic consensus to practical ecosystem coordination, interoperability and scenario deployment.

Japan's 2-year government bond yield rose 1.5 bps to 1.505%, the highest level since May 1995.