According to an Iranian army spokesperson, the United States (US) continues to attack several areas, while warning that the war will spread to new arenas, the Islamic Republic News Agency (IRNA) reported. The spokesperson also said that Tehran has no confrontation with neighboring states.

Deutsche Bank notes that softer US producer inflation prompted a dovish Fed repricing, supporting the S&P 500 near record highs. Strong BlackRock earnings and an Apple-led mega-cap rally offset semiconductor weakness, while Asian markets declined as chip stocks extended their sell-off.

Commerzbank’s economists highlight India’s new USD13.3bn India Semiconductor Mission 2.0, aimed at building a full-stack semiconductor ecosystem, though they judge near-term growth impact as limited.

United Kingdom Total Trade Balance increased to £-1.044B in May from previous £-8.435B

United Kingdom Index of Services (3M/3M) above forecasts (0.6%) in May: Actual (0.7%)

The UK Gross Domestic Product (GDP) grew by 0.1% MoM in May, following a 0.1% decline reported in April, the latest data published by the Office for National Statistics (ONS) showed on Thursday.

United Kingdom Trade Balance; non-EU up to £-7.14B in May from previous £-13.048B

United Kingdom Goods Trade Balance came in at £-18.66B, above expectations (£-23.6B) in May

United Kingdom Manufacturing Production (YoY) above forecasts (1.9%) in May: Actual (2.3%)

United Kingdom Industrial Production (MoM) below forecasts (-0.1%) in May: Actual (-0.5%)

United Kingdom Manufacturing Production (MoM) came in at 0.1%, above forecasts (-0.2%) in May

United Kingdom Industrial Production (YoY) below forecasts (1.2%) in May: Actual (1%)

United Kingdom Gross Domestic Product (MoM) meets forecasts (0.1%) in May

Asian stocks face downward pressure on Thursday, delivering mixed results as a renewed sell-off in semiconductor shares dragged down the tech sector. The retreat stems from persistent investor skepticism over whether the artificial intelligence rally can sustain its current valuations.

Netherlands, The Unemployment Rate s.a (3M) dipped from previous 3.9% to 3.8% in June

USD/IDR gains ground after two days of losses, trading around 18,100 during the Asian hours on Thursday. The pair holds ground as the Indonesian Rupiah (IDR) faces downward pressure as surging oil import costs stretch the nation's trade balance and stoke inflation.

Senior officials from the Bank of Japan (BoJ) said on Thursday that a delay in stimulus adjustment amid high inflation risk could trigger an economic downturn. 

South Korea Money Supply Growth up to 9.2% in May from previous 8.1%

Japan’s Finance Minister Satsuki Katayama said on Thursday that the authorities are ready to take appropriate action on currency anytime as needed.

Australia Consumer Inflation Expectations down to 4.7% in July from previous 5.5%

United Overseas Bank’s Quek Ser Leang and Lee Sue Ann highlight a sharp USD/CNH drop to 6.7691, shifting the short-term bias to the downside. They see scope for further weakness, though the 6.7600 support is unlikely to be reached immediately.

Japan Foreign Investment in Japan Stocks climbed from previous ¥-22.2B to ¥745.6B in July 10

Commerzbank’s Moses Lim highlights that USD/SGD fell 0.3% to 1.2910 on Dollar weakness, with the pair consolidating in a 1.29–1.30 range since mid-June. Singapore’s strong growth backdrop and benign inflation support the Singapore Dollar, which is the third-strongest Asian currency this year.

ING’s Chief Economist for Greater China, Lynn Song, notes that China’s second-quarter GDP growth slowed to 4.3% year-on-year from 5.0% in the first quarter, the weakest pace since late 2022.

Societe Generale analysts highlight USD/KRW’s failure at the June peak near 1,561 and subsequent decline toward the 2024–2025 highs, with the 200-day moving average around 1,475 as key support.

DBS Group Research economist Radhika Rao notes that S&P Global Ratings has retained Indonesia’s sovereign rating and stable outlook, citing fiscal discipline and expectations of rationalized flagship spending and improved revenues.

BNY’s Geoff Yu notes that China’s H1 data show resilient industrial and high‑tech production but weak domestic demand, with retail sales and property investment under pressure.

OCBC’s Sim Moh Siong and Christopher Wong note that USD/THB fell after the post-US Consumer Price Index (CPI) decline in US Dollar (USD) but quickly retraced, signalling limited follow-through in Thai Baht gains.

United Overseas Bank’s Quek Ser Leang and Lee Sue Ann note USD/SGD reversed its New York-session plunge after softer United States (US) Consumer Price Index (CPI), closing near 1.2910.

Commerzbank’s Dr. Henry Hao notes that China’s Q2 2026 GDP growth slowed to 4.3% year-on-year, below Beijing’s 4.5%-5% target and consensus expectations. Fixed-asset investment contracted sharply, while June industrial output and retail sales surprised on the upside.