- Singapore Jun CPI M/M: -0.2% v 0.0%e; Y/Y: 2.4% v 2.7%e. - Vietnam Central Bank (SBV) Dep Gov: Bad debt seen to be rising; Interest rates stable in H1 to keep inflation under control - financial press. - Philippines Fin Min Recto: Hopes Q2 GDP will grow at 6%; Open to a rate cut as early as Aug - press. - Hong Kong Jun CPI Composite Y/Y: 1.5% v 1.2%e [overnight update]. - TAIWAN JUN EXPORT ORDERS Y/Y: 3.1% V 12.3%E; Notes weak demand from China; Sees July export orders -2.6% to +1.6% y/y [*Note: could be first drop since Feb] [overnight update]. North America - GOOGL Talks to acquire Wiz said to fall apart; Wiz said to reject the offer, plans to instead pursue an IPO and focus on ARR of $1.0B – WSJ. - (US) VP Harris: I look forward to formally accepting the (Democratic Party) Nomination; Have secured enough pledged delegates - Press. - (US) VP Harris has enough pledged delegates for Democratic Presidential nomination; delegate support will not be official until Aug - Press. - (US) GOP Presidential candidate Trump and VP-pick Vance: I (Trump) picked Vance because we 'always had good chemistry' - Joint interview on Fox (pre-recorded). - (US) VP Harris Presidential Campaign said to raise $81M (record sum for the 2024 election cycle); Said to claim over half of needed delegates - Nikkei Asia. - (US) US Pres Biden to return to White House on Tuesday afternoon - White House statement. - (US) Democratic National Convention Chair Harrison: If only one candidate reaches 300 delegate threshold, virtual voting could happen as early as Aug 1st; Democratic Party will deliver a Presidential Nominee by Aug 7th - US press. - (US) Reportedly key US regulator Office of the Comptroller of the Currency privately found 11 of the 22 large banks it supervises have “insufficient” or “weak” management of so-called operational risk - press. - (US) June Chicago Fed National Activity Index: +0.05 v -0.09e. - (US) Former House Speaker Pelosi endorses Harris for President - Punchbowl X post. - (US) Harris Campaign aims to have enough delegates to secure Dem nomination by end of Wednesday - press. Europe - (IL) 14 Palestinian groups incl. Fatah and Hamas leaders holding "reconciliation dialogue" in Beijing, July 21-23rd; Hamas signs consensus document ("Beijing Declaration") with other Palestinian factions - China state media. - (UK) New leader of UK Conservative Party to be announced on Nov 2nd - UK press. - (IL) Israel Central Bank (BOI) July Minutes: Vote to keep policy steady was unanimous (5-0). Levels as of 01:20 ET - Nikkei 225 +0.2%; ASX 200 +0.6%; Hang Seng -0.2%; Shanghai Composite -0.6%; Kospi +0.6%. - Equity S&P500 FUTs -0.1%; Nasdaq100 FUTs -0.3%, Dax +0.2%; FTSE100 -0.3%. - EUR 1.0887-1.0897: JPY 156.20-157.11; AUD 0.6629-0.6646; NZD 0.5965-0.5982. - Gold flat at $2,395/oz; Crude Oil -0.1% at $78.37/brl; Copper -0.4% at $4.1825/lb. Share: