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Live Updates

7

Jul 2025
Tesla’s market share in China declines as local rivals introduce innovative features and fast-charging tech

Tesla loses ground in China as local EV makers offer tailored features and faster charging technologies.

7

Jul 2025
The PBOC established the USD/CNY midpoint at 7.1506, surpassing the anticipated 7.1626 value

PBOC sets strongest yuan midpoint since November, injects liquidity via reverse repos, resulting in net drain.

7

Jul 2025
The USD/CNY midpoint rate is projected by Reuters at 7.1626, set by PBOC

PBOC sets yuan midpoint daily, allowing ±2% fluctuation; aims to stabilize currency with possible interventions.

7

Jul 2025
Many analysts foresee the Reserve Bank of Australia maintaining its cash rate amid inflation concerns

Most analysts expect a rate cut, but inflation and tight labor market may prompt RBA to pause.

7

Jul 2025
Intensive discussions occurred between Japan’s Akazawa and U.S. Lutnick to prevent tariff increases and Japan stays committed to negotiations

Japan and U.S. hold vigorous trade talks as July 9 tariff deadline looms; Japan vows no compromise.

7

Jul 2025
Makhlouf stated Europe isn’t prepared for the euro to overtake the US dollar as reserve currency

Europe must fortify integration and create safe assets before the euro can rival the dollar as reserve currency.

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