🚨 🇮🇷 BREAKING: Iran has reportedly assessed retaliatory strikes on U.S. military assets in southeastern Europe, including Bulgaria, as well as potential targets in Cyprus if President Trump escalates the war, according to the Financial Times. Tehran has also considered targeting subsea fiber-optic cables in the Strait of Hormuz, underscoring its readiness to broaden the conflict should hostilities intensify.
🚨 🇨🇳 Kweichow Moutai reported a rare first-half profit decline, with net income falling 1.95% to 44.5 billion yuan ($6.6 billion)—its first H1 drop since 2014 and only its second since 2002, according to Wind data. The result follows a 4.5% decline in full-year 2025 profit, its first annual drop on record.
🚨 Fund Managers now believe there will be “no landing” and no slowdown in growth — great for stocks but bad for bonds as it implies rates will need to rise
🚨 🇪🇺 ECB economists warn that elevated stock valuations—despite potentially reflecting AI’s transformative potential—could face a correction. As a handful of companies become increasingly central to the global economy, investors may demand higher risk premia. They caution that excessive optimism could drive prices beyond fundamentals, risking a sharp selloff when sentiment turns.
‼️ 🇮🇳 India’s short-term bond yields rose after the RBI moved to close its special dollar-deposit window for overseas residents a month early, potentially reducing support for the rupee. Citi expects recent rupee gains to be capped near 95 per dollar.