With the mid-year reporting season approaching, how has the banking sector fared in the first half of the year? Frontline observations: Corporate lending remains robust while retail lending weakens; loan recovery has become the top priority.

① Compared to the strength of corporate lending, retail lending and personal loans have clearly been weaker, with some banks showing a continued downward trend. ② In the first half of this year, alongside credit deployment remaining a key priority, the resolution of legacy non-performing assets has also become a major focus for banks.

cls.cn25minutes ago

The labor union has announced that it will carry out a strike.

The Australian Workers' Union, which represents port workers in Australia, announced on July 8 that it will hold a strike on the 16th at BHP Group Ltd's iron ore export terminals, demanding improved working conditions including wage increases. Iron ore is Australia's largest export commodity, and the strike is expected to cost BHP approximately AUD 120 million in daily revenue.

Fisco Japan39minutes ago

How to capitalize on the mid-year earnings theme? When will the tech-driven market rotation end? Strategies from ten leading brokerages

Summary of the latest strategic views from the top ten securities firms, along with an overview of their recommended sectors.

cls.cnJul 12 19:29

Iran announced the closure of the Strait of Hormuz, as U.S. forces stated they were launching strikes against Iran and explosions were heard in multiple Iranian locations.

On July 12, Iran's Islamic Revolutionary Guard Corps (IRGC) announced the closure of the Strait of Hormuz, prohibiting all vessel traffic until the United States ceases its intervention. The U.S. military declared it would strike Iran in response to attacks on civilian vessels in the strait. Explosions were subsequently reported in southern Iran, including in Bushehr, Asaluyeh, Qeshm Island, and Chabahar Port. The IRGC warned that if the U.S. uses this as a pretext for new attacks, Iran will respond forcefully and target additional U.S. bases in the Middle East.

wallstreetcnJul 12 09:05

A 9.4 million-barrel-per-day shortfall! IEA warns that renewed U.S.-Iran clashes could upend next year's oil surplus outlook

According to the IEA report, global oil supply rebounded by 4.1 million barrels per day in June due to the reopening of the Strait of Hormuz, yet it remains 9.4 million barrels per day below pre-war levels. A lasting peace agreement is a 'necessary condition' for normalizing oil markets. While crude oil supply currently appears ample, refined product markets remain persistently tight—a divergence that drove crack spreads and refining margins to a four-year high earlier this month. Global oil demand is expected to decline by 1 million barrels per day this year, marking the first annual drop in six years since the pandemic.

wallstreetcnJul 11 02:50

Trump stated that the U.S. has agreed to continue negotiations with Iran; U.S. media reported that a new round of talks could take place next week, while Iranian media denied the claim.

According to Iranian media, reports that the preparatory work for negotiations in Islamabad has been finalized and that technical talks will be held next week are false. According to U.S. media, Qatari negotiators traveled to Iran on Friday—after coordinating with U.S. officials—to meet with Iranian officials and create conditions for the resumption of U.S.-Iran talks. Diplomats stated that both the United States and Iran hope to return to the framework of the Memorandum of Understanding. U.S. officials indicated that the Trump administration’s strategy involves carrying out strikes followed by a pause in military operations to prevent further escalation and to allow space for diplomatic mediation.

wallstreetcnJul 11 02:17