News

According to the Financial Times: Deep divisions within the Bank of England’s monetary policy committee make it more difficult for the bank to rebuild its credibility after five years of inflation above target.

According to the Financial Times: Investors are reducing their bets on Asian chip manufacturers.

According to the Financial Times: Mastercard is considering selling its UK payments subsidiary Vocalink.

NI225 fell below 67,000 points, down 2.28% on the day.

NI225 fell by 2.00% on the day, and Kioxia fell by more than 10%.

JPMorgan Chase raised its price target for Delta Air Lines (DAL.N) from $85 to $114.

According to the Financial Times: The European Union purchased a record amount of natural gas from Russia’s flagship plant.

Goldman Sachs: Recent attacks have highlighted the uncertainty about the export prospects of the Gulf region, and if the situation seriously escalates again, it may intensify the risk of a short-term upward trend in oil prices.

According to Korean media reports, the American Chamber of Commerce in Korea (AmCham Korea) launched the "K-Doorknock" project to promote the business development of Korean companies in the United States. The first batch of "K-Doorknock" delegation members include Hyundai Motor Group, LG Group, etc.

Orders for foldable screen iPhones are rumored to have been raised to about 10 million units, significantly higher than the previous market forecast of 7 million to 8 million units, and also higher than Counterpoint analysts' current shipment forecast of 6 million to 7 million units. This gap shows that the market focus is no longer on whether Apple will launch a folding screen, but whether the first-generation product can directly enter tens of millions of sales. However, people in the industry chain remain cautious. The core is that "orders" may be a mixture of different calibers: complete machine shipment targets, spare parts inventory, and production capacity reservations for the second half of 2026. For Apple's first-generation folding screen product, improving component preparation does not mean final sales confirmation, and may also be to deal with yield, delivery and ramp-up risks. What this news really affects is the expectations of Apple’s industry chain, rather than Apple’s already locked-in demand for tens of millions of units. If there is no more concrete evidence of panels, hinges, assembly and production schedules in the future, the tens of millions target is more suitable to be understood as an advance stress test of the supply chain. For the market, it will strengthen the catalytic effect of the folding screen iPhone on the Apple chain, but it is still not enough to directly prove that Apple has opened a new hardware growth cycle.

According to IRNA, at least two violent explosions were heard in Iran's Bandar Abbas Port; not long ago, the U.S. Central Command announced that its latest round of attacks had ended.

Military and diplomatic analyst Alexandru Hudisteanu said that the escalating conflict between the United States and Iran has evolved into a "battle for face" that may further undermine regional stability. This escalation pattern, coupled with the back-and-forth over the Strait of Hormuz, threatens to create a near-normal state of conflict in the region. But he also said that the United States lacks the will to promote a large-scale military solution, so both sides can only seek diplomatic channels. At the diplomatic level, Iran is trying to make demands that are too extreme, making diplomatic negotiations extremely difficult. For a long time before the war, Iran Iran has frequently done things like "using shipping as a bargaining chip and harassing passing ships" in the Gulf region. Essentially, this has turned into a battle for face, and we're seeing this with both the United States and Iran.

According to the Iranian Student News Agency: The U.S. Navy’s drone command and control center in Bahrain was destroyed.

U.S. Central Command: U.S. forces are ready to ensure freedom of navigation for commercial shipping is maintained.

U.S. Central Command: Launched a new round of precision strikes against Iran on July 12, local time, attacking dozens of targets in multiple locations. Iran does not control the Strait of Hormuz, an important sea lane for global trade.

U.S. Central Command: Launched another round of strikes against Iran.

Iranian Revolutionary Guards: This strike is the first phase of response to the US attack on Iranian coastal bases.

Tariq Khan, the former commander of the Pakistan Frontier Corps and retired lieutenant general, said that Trump has pushed the United States and its allies in the Middle East into a "dead end" in its policy towards Iran. The recent escalation of violence is closely related to Trump's inability to "impose his will on the outcome of negotiations." The memorandum signed by the United States and Iran is a clear testimony of the major failure of the United States. This is one reason why Trump behaves erratically, emotionally and erratically, as this war has yet to find a political solution. When talking about the renewed conflict between the United States and Iran, Khan said that Trump has no cards to play. The United States attempted an air campaign but failed; Trump has also hinted at launching a ground attack, but to implement ground operations, at least about 300,000 troops would need to be assembled. Trump may want to walk away from the conflict, which may be the only way to achieve immediate peace, but he cannot. Khan added: "Was Trump being used by Israel? Was he threatened, blackmailed or coerced into doing something that he now knows he can't win? We don't know."

Japan's 5-year government bond yield rose 0.5 basis points to 1.985%.

According to Japan's Kyodo News: A quarter of Japan's cities, towns and villages have a population decline of more than 10%.