Sydney:12/24 22:26:56

Tokyo:12/24 22:26:56

Hong Kong:12/24 22:26:56

Singapore:12/24 22:26:56

Dubai:12/24 22:26:56

London:12/24 22:26:56

New York:12/24 22:26:56

2026-07-15 Wednesday

2026-07-19

18:04:11

[Colorado River Water Crisis: Arizona Farmers Face Land Acquisition by Developers and Solar Panels; Water War Between Cities and Agriculture Imminent] ⑴ The Colorado River basin is experiencing a prolonged drought, compounded by record-low snowfall and high temperatures this year, putting pressure on the water supply for approximately 40 million residents and millions of acres of farmland. Water disputes between communities and industries within the basin are escalating rapidly. ⑵ In Pinal County, Arizona, farmers have been forced to leave more than half of their land fallow due to the drying up of river water. Some farmers are paying high annual water bills but still have no water available. Developers and solar panel companies are actively acquiring agricultural land, significantly increasing pressure for land use conversion. ⑶ Scottsdale, a suburb of Phoenix, relies on the Colorado River for about 70% of its water supply. Local candidates advocate diverting water resources from agriculture to meet urban expansion needs, while farmers are calling for a halt to residential development to ensure food security. ⑷ Federal officials are considering adopting water conservation proposals from three downstream states, planning to reduce water consumption by about 21% annually by 2028. This move exacerbates the risk of legal disputes between downstream and four upstream states over the allocation of limited flow. (5) In Colorado, ranchers have seen hay production plummet to a quarter of normal levels due to the premature depletion of irrigation water from snowmelt. Local ranchers emphasize that agriculture is not the root cause of the problem but rather a beneficiary, refuting external accusations. (6) In a small town in Utah, stream flow has dropped to only 6% of normal levels. Groundwater and backup water sources can only sustain the town for a few months to six months. If alternative solutions or rainfall do not arrive in time, external water supply will be forced to begin, and the reality of water scarcity is becoming a daily occurrence, moving beyond mere prediction.

18:02:12

[Russian Refinery Attacked, Production Halted, Crude Oil Processing Capacity Significantly Damaged, Adding Further Uncertainty to Energy Supply Chain] ⑴ The Salavat petrochemical plant in Russia's Ural region suspended operations on Tuesday after a Ukrainian drone attack. The local governor confirmed the attack but stated that normal production is expected to resume within days. ⑵ Two industry sources revealed that both of the plant's main refining units were damaged and shut down, including the CDU-6 crude oil distillation unit with a daily processing capacity of approximately 17,140 tons and the CDU-4 unit with a daily processing capacity of approximately 11,430 tons. ⑶ In addition, some secondary processing units and other equipment were also damaged to varying degrees. Repair work may take weeks or even months, and the actual resumption of production may be longer than officially expected. ⑷ The Salavat petrochemical plant is one of Russia's largest petrochemical enterprises. Its prolonged shutdown will directly affect domestic refined oil supply and may reduce export share, tightening the regional energy balance. ⑸ This attack exacerbated geopolitical risk premiums, providing additional support to international oil prices after the news broke, and reigniting market concerns about the vulnerability of Russia's energy infrastructure. (6) Going forward, attention should be paid to whether other Russian refineries face similar threats, and whether Ukraine's drone strike strategy will be further escalated, which will determine the duration and scope of the energy supply disruption.

17:52:11

[India's textile industry faces a double whammy of US tariffs and Middle East conflict, with cost fluctuations compounded by cautious orders] ⑴ After months of fluctuating raw material costs, Indian textile and apparel exporters are facing new uncertainties. The outcome of US tariff negotiations remains unclear, while the resumption of conflict in the Middle East could push up freight costs and disrupt supply chains. ⑵ Cotton prices previously surged due to El Niño concerns, but the market gradually stabilized after the government removed import tariffs on long-staple cotton and increased imports. Some exporters locked in yarn prices and production capacity in advance to cope with fluctuations. ⑶ By mid-May, benchmark Gujarat cotton prices had risen by about 10% month-on-month, while spot prices rebounded again on July 14. International ICE cotton futures rose by more than 6% that week, reigniting concerns about global supply. ⑷ Analysis indicates that the impact of rising cotton prices on the industry chain is clearly differentiated. Cotton accounts for nearly 70% of the raw materials in the home textile and textile sector, while about 70% of the garment manufacturing sector relies on polyester, which is more directly affected by oil price fluctuations. (5) The United States is India's largest export market for textiles and apparel, with annual shipments of approximately US$10.5 billion. However, industry estimates suggest that only about 8%-10% of the industry's revenue relies on the US market, indicating relatively limited direct exposure. Trade agreements between India and the UK, and India and the EU, have begun to generate increased inquiries. (6) Uncertainty regarding tariff prospects has led overseas buyers to favor small-batch, high-frequency orders, postponing long-term contracts. Although exporters are using discounts to offset some tariff costs, overall demand has not yet been significantly damaged, and the long-term outlook remains optimistic. It is expected that the benefits of trade agreements will gradually materialize in the fourth quarter of fiscal year 2027.

17:44:11

[What's the Confidence Behind European Stocks' Rebound? UBS Unveils Four Trump Cards: Semiconductors and Banks as Dual Drivers] ⑴ European stocks rose slightly on Tuesday, with ASML and Richemont Group rising 4% and 6% respectively after their earnings releases, boosting market sentiment. The STOXX 600 index edged up 0.1%, and US stock futures also rose slightly. ⑵ UBS released its latest bullish report, setting a target price of 690 points for the STOXX 600 index, representing an upside of approximately 7.5% from current levels, and listing four core reasons to support its optimistic assessment. ⑶ Firstly, earnings revisions for beneficiaries of AI capital expenditures remain strong, with semiconductor supply chain and data center construction-related companies becoming among the few bright spots in the European market, and UBS believes this trend is sustainable. ⑷ Secondly, the US manufacturing cycle is improving, with European companies directly benefiting through the industrial sector, while a weak euro provides indirect support. The process of shifting from destocking to restocking is expected to accelerate in the second half of the year. (5) Third, the banking sector's earnings continue to be revised upwards. Although financial stocks performed exceptionally well last year, UBS believes valuations remain attractive. The interest rate environment is significantly better than normal levels over the past decade, and the insurance and banking sectors will continue to benefit. (6) Fourth, previously underperforming sectors have stabilized and are no longer dragging down the index. The negative corrections in the consumer staples, luxury goods, and pharmaceutical sectors are narrowing. UBS expects the pharmaceutical sector to see an upward revision in earnings in the second half of the year.

17:06:14

Canadian Existing Home Sales Monthly Rate in June

Previous : 5.50 Forecast : 5.40

Published Value 0.50

Previous

17:02:14

Eurozone June working-day adjusted annual rate of industrial production

Previous : 0.30% Forecast : -0.50%

Published Value -1.20%

Previous

17:02:13

Eurozone June seasonally adjusted industrial production month-on-month rate

Previous : 0.10% Forecast : 0.20%

Published Value -0.20%

Previous

16:48:12

[Israeli Media Reports US Pressure to Lift Restrictions at Ben Gurion Airport] According to a report by Israel's public broadcaster on July 15th, Israel lifted restrictions on US aerial refueling tankers landing at Tel Aviv's Ben Gurion International Airport following a request from the United States. The report stated that the Israel Airports Authority has instructed air traffic control to allow US refueling tankers to continue landing and parking at Ben Gurion Airport. This decision overturns the previous directive from Israeli Transportation Minister Regev prohibiting excessive landings of US refueling tankers at Ben Gurion Airport. The report noted that Ben Gurion Airport had previously requested that US refueling tankers be moved to other locations to free up parking spaces and avoid impacting civilian flight operations during the summer season. However, sources indicated that given the escalating tensions between the US and Iran, the US Central Command needs to maintain a high state of alert for refueling tankers and crews in Israel, therefore the US requested Israel to lift the restrictions. The report also stated that during the height of the conflict between the US, Israel, and Iran this year, approximately 90 US aerial refueling tankers were deployed in Israel, and 34 remain parked at Ben Gurion Airport and Ramon Airport in the south. The US and Israel had discussed transferring some aircraft to other Israeli air bases, but ultimately concluded that there were no viable alternatives at present. As of now, the Israeli government has not responded to this news. (CCTV International News)

16:44:11

[Sri Lankan Bond Market Awaits Turnaround; 2027 May See Interest Rate Inflection Point, Rupee Depreciation Pressure Remains] ⑴ Capital One Holdings maintains its medium-term outlook for Sri Lankan fixed income and equities, expecting bond yields to stabilize within the current forecast range in 2026. ⑵ Due to concerns about debt sustainability and uncertainty surrounding the pace of structural reforms, a risk premium of approximately 50 basis points will be introduced at the long end of the yield curve in the first half of 2027. ⑶ The institution forecasts an average inflation rate of around 6% in 2026. Recent central bank tightening policies have helped anchor inflation expectations, but the high-interest-rate environment will suppress economic growth and credit expansion, leaving room for interest rate cuts in the first half of 2027. ⑷ The Chief Strategist recommends that investors currently focus on short-duration allocations, which can generate substantial holding returns and capture capital gains opportunities when yields revert to the target range. (5) Regarding the interest rate path, the weighted average prime lending rate is expected to remain at 10.0%-11.0% in the second half of 2026, and is expected to fall back to 9.5%-10.5% in the first half of 2027 as GDP and credit growth slow down and liquidity improves. (6) In terms of exchange rates, the rupee is expected to fluctuate between 325 and 335 against the US dollar in the second half of 2026, and may depreciate moderately to the 335-345 range in the first half of 2027 due to external pressures and changes in foreign exchange dynamics.

16:08:11

[PBOC: Asset Management Products Reached 124.8 Trillion Yuan at the End of June, Up 12.7% Year-on-Year] Yan Xiandong, spokesperson for the People's Bank of China (PBOC) and Director of the Survey and Statistics Department, stated at a press conference held by the State Council Information Office on the 15th that at the end of June, the total assets of asset management products reached 124.8 trillion yuan, a year-on-year increase of 12.7%, with the balance increasing by 4.6 trillion yuan compared to the beginning of the year. Among them, bank wealth management products accounted for 34.8 trillion yuan, public funds 42.9 trillion yuan, asset management trusts 25.3 trillion yuan, and asset management products from insurance companies, securities firms, funds, futures companies, and financial asset investment companies totaled 21.8 trillion yuan. In terms of funding sources, funds raised by non-financial enterprises grew rapidly, while households remained the main source of incremental funds for asset management products. At the end of June, funds raised by asset management products from non-financial enterprises increased by 24.7% year-on-year, marking the fourth consecutive month with a year-on-year growth rate exceeding 20%, with the balance increasing by 331.9 billion yuan compared to the beginning of the year, an increase of 353.8 billion yuan year-on-year; funds raised from households increased by 7.7% year-on-year, with the balance increasing by 1.1 trillion yuan compared to the beginning of the year.

15:40:14

China's June total electricity consumption year-on-year - monthly

Previous : 6.90 Forecast : -

Published Value 3.70

Previous

15:40:12

China's total electricity consumption in June - monthly (billion kilowatt-hours)

Previous : 8671 Forecast : -

Published Value 8981

Previous

Real-Time Popular Commodities

Instrument Current Price Change

XAU

4016.36

40.10

(1.01%)

XAG

55.884

0.395

(0.71%)

CONC

81.77

3.49

(4.46%)

OILC

88.08

3.22

(3.80%)

USD

100.759

0.039

(0.04%)

EURUSD

1.1438

-0.0004

(-0.03%)

GBPUSD

1.3455

-0.0022

(-0.17%)

USDCNH

6.7769

0.0044

(0.06%)