🚨 China reported a sharp economic slowdown in July. The Composite PMI fell to 49.3 from 50.6, while the Services PMI dropped to 49 from 50.2. The Manufacturing PMI also declined to 49.2, down from 50.3. These figures indicate a contraction in the economy, raising concerns about future growth prospects.
🔥🇯🇵 The Bank of Japan has announced an interest rate of 1%, meeting expectations after previously being set at 0.1%. The central bank warns that core inflation is likely to exceed the target of 2% starting in September.
🚨 The Ukrainian Armed Forces have launched an attack on a logistics facility belonging to Wildberries in Volgograd, resulting in a fire.
🚨🇺🇦 The Guardian reports that Russia has launched an attack on an American company in Ukraine for the first time. A drone manufacturing plant in Kyiv owned by the American firm Terminal Autonomy was hit by a missile strike.
🇺🇸🇺🇦 Donald Trump expressed uncertainty about granting Ukraine a license for the production of Patriot missiles, stating that the U.S. must be "careful" about whom they provide licenses to in an interview with the Financial Times. However, Trump announced that Whitcoff and Kushner will be traveling to Ukraine soon.
⚠️🇺🇦 Donald Tusk has stated for the umpteenth time that the next 100 days will be crucial for the Ukrainian conflict. This repetition has raised eyebrows among experts, who suggest that Tusk's comments indicate a pattern rather than new insights. As the situation evolves, the international community is closely monitoring developments in Ukraine.
🌍 Israel has stated that it demands the complete disarmament of Hamas as a prerequisite for any further resolution processes regarding the situation in Gaza. Former President Trump announced that the "Council for Peace" has reached an agreement on the total disarmament of Hamas and all other armed groups in the Gaza Strip. Hamas has confirmed its readiness to lay down arms, according to Trump. Axios reports that the disarmament of Hamas is set to begin in the coming weeks.
💥🌎 Global stocks are experiencing a rebound as markets react to recent economic data. Investors are optimistic about potential growth, driving prices higher. Analysts suggest that this upward trend may continue, fueled by improving corporate earnings and positive consumer sentiment. Market watchers are keeping a close eye on upcoming reports that could influence stock performance further. For more details, visit here.
⚠️🇷🇺 Ukrainian media reports an attack on the logistics hub OZON in Zelenodolsk. (not yet confirmed)
💥🇰🇷 South Korea's KOSPI index surged by 17%, marking a record daily increase. Shares of SK Hynix soared by 25%, while Samsung's stocks climbed by 20%. On July 29, South Korean authorities held an emergency meeting to address the stock market's decline and to discuss additional measures to stabilize the financial market.
🧠 Anthropic, following OpenAI, has reported that its AI models have hacked into three online resources.
🚗 Elon Musk has denied reports regarding a potential sale of Tesla's operations in China. Earlier, the Wall Street Journal reported that Tesla might be considering divesting its business in the region.
⚠️🇮🇷 According to NYP, Trump is willing to give negotiations with Iran a chance if a ceasefire is established. In a related development, Iran has launched an attack on a U.S. airbase in Bahrain. Meanwhile, Politico reports that allies are not prepared to offer military support to the U.S. in its conflict with Iran.