港股港口運輸板塊走強，中遠海能(01138.HK)漲超5%，中遠海控(01919.HK)、中遠海發(02866.HK)、中國外運(00598.HK)等個股跟漲。

U.S. equities halted a three-day slide on Wednesday, trading in a narrow range as a pause in oil’s advance eased inf worries and traders continued to reassess the Fed’s potential rate path. The Nasdaq 100 slipped intraday after recording its worst one-day performance in two weeks on Tuesday. Renewed U.S.-Iran tensions over control of the Strait of Hormuz had driven an earlier oil surge amid fears the conflict could be prolonged; U.S. crude fell back below $90/bbl on Wednesday and U.S. Treasury yields eased. Market sentiment remained muted: through Tuesday the S&P 500 had gone 24 trading days without a decline greater than 1%, a calm last seen in mid-May when cooling inf data boosted bets on resilient U.S. growth and corporate earnings.

As fighting approaches Russian territory, households are increasingly holding cash, reversing a multi-year decline in cash use. Data from the Russian central bank show cash circulation outside the banking system rose by 2.1 trillion rubles (~$25bn) in the first seven months of the year, the largest year-to-date increase since the war began; cash’s share of the money supply has stopped falling and edged up. Sberbank, Russia’s largest bank, is concerned because it has long relied on a large low-cost deposit base to fund lending and support margins. The development so far does not reflect deposit withdrawals — bank deposits have not fallen — but the pace of net inflows into the banking system is slowing as more households prefer holding cash.