Morgan Stanley strategists say U.S. companies integrating AI are advantaged this earnings season and likely to deliver higher margins. The Wilson-led team says firms that treat AI as a core investment and have neutral-to-strong pricing power are seeing the most pronounced improvement in margin expectations; they project these companies’ net profit margins could rise roughly 100 bps by 2027 as AI is deployed.

HONG KONG GOVT: Hong Kong's net gold exports to mainland China in June were 50.679 tonnes (previous: 53.674 tonnes); total gold exports to mainland China in June were 78.147 tonnes (previous: 65.562 tonnes).

On July 27 a China Coast Guard (CCG) flotilla of CCG vessels Changshan and Wuhu departed Qingdao for a 45‑day high‑seas fisheries enforcement patrol in the North Pacific. Operating under relevant international conventions, the mission will conduct comprehensive patrols and boarding inspections and will target illegal, unreported and unregulated (IUU) fishing to maintain high‑seas fisheries order and protect fisheries resources.