According to CCTV, Saudi Arabia's crude oil exports have been forced to bypass Africa due to disruptions caused by the Middle East conflict, resulting in an increase of about a month in transportation time and a doubling of transportation costs. According to data from Kepler and London Stock Exchange Group Shipping Research, the fuel cost for the detour route has increased from $1.26 million to approximately $2.87 million, with an additional $1 million in Suez Canal tolls to be paid.

The People's Bank of China will carry out overnight reverse repurchase operations from July 29th to July 31st and August 3rd, using fixed interest rates and quantity bidding. Among them, 600 billion yuan will be carried out daily from July 29th to July 31st, and 300 billion yuan will be carried out on August 3rd.

According to Citrini analyst Jukan on the X platform, AMD is close to signing a large-scale supply agreement for HBM4 with Samsung Electronics. AMD CEO Lisa Su stated during the AMD Advancing AI 2026 event held in San Francisco on June 23 that the two parties have almost reached an agreement. AMD has announced that the Helios AI server rack has entered mass production and is scheduled to be shipped by the end of the third quarter. Han Jin man, President of Samsung Electronics' Foundry Business, and Cho Sang yeon, Head of DSA, attended Lisa Su's keynote speech and negotiated with AMD executives to launch HBM4 supply.

The survey released by the European Central Bank on Friday showed that inflation expectations in the eurozone have remained largely unchanged over the past three months, with an expected average inflation rate of 2.7% this year, an estimated inflation rate of 2.2% in 2027, and an inflation rate of 2% and expected to remain at that level in 2028.

The Hong Kong Securities and Futures Commission has issued a revised circular, stipulating that leveraged and reverse products with high capacity affected by market conditions must adopt flexible leverage structures. Under this structure, the leverage ratio can be adjusted daily within the existing upper limit (i.e. 2 times for leveraged products and -2 times for reverse products). Product providers may lower their target leverage ratio as necessary to manage products during periods of high trading volume. The leverage ratio of the product on the next trading day will be disclosed after the daily closing. The potential daily adjustment of leverage ratio reminds investors that leverage and reverse products are single day products and are not suitable for holding for more than one day. (Hong Kong Securities and Futures Commission)