News

U.S. telecom stocks fell in pre-market trading after SpaceX (SPCX.O) revealed its plans to build a comprehensive mobile service.

The Society of Motor Manufacturers and Traders (SMMT) reported that new car registrations in the UK rose 11.7% year-on-year in July, reaching 156,571 vehicles.

The Eurozone's final July services PMI was 51.7, below the expected 51.6 and the previous reading of 51.6.

The final reading of the Eurozone Composite PMI for July was 52, below the expected 51.9 and the previous reading of 51.9.

Germany's final July services PMI was 49.8, below the expected 49.6 and the previous reading of 49.6.

Germany's final composite PMI for July was 51.3, below the expected 51.2 and the previous reading of 51.2.

The Russian Ministry of Defense announced that the Russian Armed Forces have increased their personnel by 27,000 to form independent military construction units.

France's final July services PMI was 49.6, below the expected 49.8 and the previous reading of 49.8.

France's final composite PMI for July was 49.4, below the expected 49.6 and the previous reading of 49.6.

France, Germany and the euro zone July services PMI final value will be released in ten minutes.

Italian Economy Minister: Invoking the EU's escape clauses could mean that Italy will remain under the EU's excessive deficit program.

Microsoft (MSFT.O) will lay off 605 employees in Redmond, effective September 4, 2026.

The Stoxx Europe 600 mining sector opened 1.5% higher.

The UK FTSE 100 index opened 46.63 points higher, or 0.43%, at 10926.01 on Wednesday, August 5th; the FCHI index opened 27.26 points higher, or 0.31%, at 8693.89 on Wednesday, August 5th; the Euro Stoxx 50 index opened 32.15 points higher, or 0.50%, at 6518.85 on Wednesday, August 5th; and the Spanish... The IBEX 35 index in Portugal opened 77.64 points higher, or 0.39%, at 20101.24 on Wednesday, August 5th; the FTSE MIB index in Italy opened 289.50 points higher, or 0.54%, at 53830.00 on Wednesday, August 5th; and the DAX 30 index in Germany opened 203.62 points higher, or 0.78%, at 26426.88 on Wednesday, August 5th.

1. According to South Korean media reports, Apple recently negotiated with Changxin Memory Technologies Co., Ltd. (Changxin Memory) on the supply price of mobile DRAM such as LPDDR5X, hoping to reduce the manufacturing cost of the next generation of iPhones and smart devices. However, its price reduction request was reportedly rejected. Changxin insisted on a price no lower than Samsung Electronics and SK Hynix, indicating that the bargaining power in the DRAM market is shifting from end-user manufacturers to memory companies. 2. Changxin Memory's willingness to directly reject Apple's demands stems from the fact that Chinese manufacturers such as Huawei and Xiaomi have secured Changxin's production capacity through high-priced, long-term contracts, eliminating the need for Changxin to lower prices to secure Apple's orders. Meanwhile, Samsung and SK Hynix are shifting more production capacity to high-value-added AI storage such as HBM4, LPCAMM2, and enterprise-grade SSDs, leading to a tightening supply and rising prices for general-purpose DRAM. Changxin Memory's refusal to lower prices provides strong support for the price of general-purpose DRAM. (South Korean IT media *Digital Daily*)

Reserve Bank of India Governor: The proposed lending rate rules aim to consolidate the regulations of various regulatory bodies.

French manufacturing output fell 1.7% year-on-year in June, compared with 2.50% in the previous month.

French manufacturing output fell 1.1% month-on-month in June, compared with a previous reading of -1.00%.

French industrial production fell 0.1% year-on-year in June, compared with 3.20% in the previous month.

French industrial production rose 0.1% month-on-month in June, below the expected 0.3% and the previous reading of -0.10%.