News

Rio Tinto (RIO.N) CEO: Is watching rising U.S. copper inventories in response to tariff decision.

Rio Tinto (RIO.N) CEO: Focusing on U.S. copper and lithium business.

Rio Tinto (RIO.N) CEO: Currently not considering building an aluminum smelter in the United States.

European stock index futures fell, with Euro Stoxx 50 futures down 0.6%, FTSE 100 futures down 0.3%, and DAX futures down 0.75%.

UBS (UBS.N): Net new assets in the global wealth management business were US$36 billion in the second quarter, mainly driven by strong capital inflows from Switzerland, Europe, the Middle East and Africa (EMEA) and the Asia Pacific (APAC).

Kioxia Holdings, a Japanese company, fell 15%.

HSBC Holdings downgraded its rating on France from Overweight to Neutral.

HSBC Holdings: Downgraded UK rating to neutral from overweight.

HSBC Holdings: Upgraded Germany's rating to overweight from neutral.

According to Nikkei: Toyota Motor (TM.N) has suspended operations at three plants in southern Japan, and the production suspension measures will last until Friday.

According to the Financial Times: The Bank of England is investigating the risks faced by major brokers in Asian stock markets.

According to CBS: Data show that the number of Canadian tourists to the United States dropped by 25% in 2025 due to political tensions.

Apple is scheduled to release its financial report for the third quarter of FY26 after the U.S. market closes on July 30. JPMorgan Chase has sorted out the market’s expectations for its performance. The key points to pay attention to include:1. Total revenue (estimated to be approximately US$108.6 billion, market consensus of approximately US$108.85 billion);2. iPhone revenue (market consensus of US$53.6 billion); 3. Gross profit margin (official guidance 47.5%~48.5%) and earnings per share (market consensus $1.88)4. The market’s revenue guidance for the next quarter is expected to be approximately $114.88 billion.

Indian information technology company INFOSYS shares rose 3.3%.

Raymond James raises PT on Visa (V.N) to $406 from $389.

Ruijie Financial: Raised the target price of Visa (V.N) from $389 to $406.

JPMorgan Chase: Raised the price target for Coca-Cola (KO.N) to $96 from $90.

JPMorgan Chase: Raised the target price of Paypal (PYPL.O) from $46 to $65.

JPMorgan Chase lowered its price target for United Parcel Service (UPS.N) from $118 to $115.

Fitch Ratings: Credit profile of Indian corporates will withstand geopolitical and El Niño risks.