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EXECUTIVE SUMMARY * TRUMP HAILS 'VERY GOOD' IRAN TALKS FOLLOWING ANNIHILATION THREAT - BBG: #cdbad0a1-5c8d-4cdb-9819-370162b99299 * ZELENSKY ASKS TRUMP FOR WINTER ARMS PACKAGE, EXPECTS ENERGY-CEASEFIRE PUSH - WSJ: #a4c79a68-e487-466b-a806-4885fa3200e0 * LASTING SHOCKS, FIRMING DEMAND REQUIRE FED ACTION - BARKIN - MNI
PBoC adviser Huang Yiping says China's inflation below 2% is not a major concern, with rate cuts still possible in 2026
PBoC Adviser Huang: Yuan Exchange Rate Is Largely Determined By Market Forces; China’s Economy Likely Requires More Targeted Policy Support
PBoC Adviser Huang says the yuan exchange rate is largely determined by market forces and China's economy likely requires more targeted policy support
PBoC adviser Huang Yiping says China's inflation below 2% is not a major concern, with rate cuts still possible in 2026
US market experiences rotation away from tech as weakness in mega-cap tech widens, with semiconductors declining 7% and NASDAQ opening down 3%.
**Reminder earlier: (CN) World Economic Forum China ("Summer Davos") conference: Hyperscaler/AI infrastructure capex expected to exceed $820B in 2026, with cited outlays of Amazon ~$200B, Alphabet ~$190B and Microsoft ~$190B; including buybacks and related spend, the figure was framed as approaching ~$1T this year and
China PBOC adviser says rebalancing the domestic economy is crucial to head off growth risks