Wolf Money(world review 13-19 July 2026)
Market Summary 13-19 Jul 2026
*USA*
+ US annual CPI fell to 3.5% YoY in Jun, vs 4.2% in May, driven by 5.7% drop in energy prices
+ US core CPI unchanged for the mth, on YoY basis eased to 2.6% from 2.9%
± US consumer sentiment survey for Jul expectations for inflation in year ahead dropped to 4.2% from 4.6% in Jun
+ US retail sales rose 0.2% MoM in Jun, following upwardly revised 1% rise in May
+ US PPI down 0.3% MoM in Jun, PPI excluding food and energy rose 0.2%
-US business inventories up by 0.3% MoM in May, reached US$2,736.2bn
+ US initial jobless claims down 8000 to 208,000 to 2-mth low
+ US pending home sales fell 5.4% MoM in Jun, biggest drop in 6 mths
-US single-family homebuilding fell for 3rd straight mth in Jun, while permits for future construction dropped to lowest in 10 mths
-US average rate for 30-year fixed rate mortgage climbed to 6.55%, highest since Aug 2025, mortgage applications down 2.7% in wk ending Jul 10
-US imposed 25% tariffs on majority of Brazilian imports starting next week
+ US confirmed it secured additional US$100bn from TSMC to total investment plan of US$265bn
-US concluded 8th straight night of strikes against Iran
+ Meta, Anthropic in talks for potential US$10bn compute lease deal over 2 yrs: NYT
*OTHERS*
+ Argentina’s car imports from China surged 147% in first 5 mths with an average price of US$14,500 per unit
-Crude oil traded above US$80 per barrel, returning to 1-mth highs as US-Iran conflict escalates
*CHINA*
+ China’s GDP grew 4.3% YoY, vs 5% in Q1, weakest in >3 yrs
+ China’s industrial production up 5.3% YoY in Jun
+ Chinese banks extended ¥1.61 trillion (US$238bn) in new yuan loans in Jun, vs ¥2.24 trillion a year earlier
+ China’s retail sales up 1.0% YoY in Jun after down 0.6% in May
+ China targets retail sales of US$8.8 trillion by 2030 in first 5-year consumption plan
+ China’s new property market inventory levels have returned to reasonable levels in core cities
-China’s fixed asset investment fell 5.7% YoY in H1; infrastructure down 2.4%, manufacturing down 1.2%, property down 18%
+ China’s exports climbed 27% YoY in Jun in USD terms, hitting record US$412bn, Imports rose 36%, fastest in 5 yrs
+ China’s trade surplus surged to US$125.6bn in Jun, a monthly level exceeded only once in history
± China’s jobless rate at 5% in Jun
+ China’s exports to EU rose 27% YoY to record US$32.9bn in Jun, trade surplus with EU hit record
-China’s phone shipments down 4% YoY to about 66m units in Q2, fall for 5th straight qtrs
+ China unveiled its 2026-2030 urban renewal plan, outlining major targets for housing upgrades and infrastructure renovation
-China’s 3 state-owned carriers had reported combined net losses of >¥12bn (US$1.8bn) in Q2, due to surging int’l oil prices
+ CATL and Dutch’s Alfen to jointly roll out 5 GWh advanced Sodium-Ion energy storage system across Europe from 2027
*EUROPE*
-Eurozone’s int’l trade deficit in goods stood at €7.8bn in May, vs deficit of €1.2bn in Apr
-Eurozone’s industrial production down 0.2% MoM and by 0.1% in EU in May
+ EU imported record volume of LNG from Russia in H1, ahead of planned ban on supplies from Russia: FT
-German wholesale prices up 4.9% YoY in Jun, vs 5.9% in May
-UK’s GDP grew 0.1% in May, rebounding from 0.1% contraction in Apr
-UK’s trade deficit expanded by £4.4bn to £9.1bn in the 3 months to May
*ASIA*
+ Australia imported 46,600 cars from China and 27,100 from Japan in Jun
± Japan 10-year govt bond yield climbed to around 2.73% at near its highest level in 30 years
+ Japan passed an amendment that classifies cryptocurrencies as financial assets
+ Modi adviser urged India to seek more Chinese investment, trade, make US a less dependable partner
-South Korea’s central bank raised benchmark rate by 25bps to 2.75%
+ Samsung said in early discussions on potential US share sale
+ Saudi PIE set to secure EU approval for tis US$55bn acquisition of Electronics Arts under EU subsidy rules
+ Malaysia’s GDP expanded 5.8% YoY in Q2, faster than expected
-Malaysia food prices up 1.4% YoY, annual inflation at 1.9% in Jun
+ Malaysia to start small-scale production of homegrown graphene-enhanced lithium-ion batter for use in EV
+ Sg GDP grew by 5.7% in 2nd qtr, vs 6.3% in Q1, driven by AI-related demand in electronics and precision engineering
+ Sg NODX grew 20.7% YoY in Jun, vs 38.4% jump in May, 10th straight mth of expansion
± RTS Link could cause S$290m net increase in outflow annually for Singapore: study
+ Sg tourism receipts climb 5.8% to S$8.6bn in Q1
Contribution by Derek@valueinvestments chat group. Thank you.
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