ING Says Yen Is 20% Undervalued Against Dollar 
J.P. Morgan Upgrades Diploma, Lifts Price Target to 8,250p 
Barclays Downgrades Renault as Cost Savings Challenges Grow 
Moody’s Affirms NVIDIA Aa1 Rating as AI Data Center Guarantees Reach $105 Billion 
The importance of teaching students what AI can’t do 
China is launching a Moon mission to find water ice. It’s unlike anything NASA has done 
Goldman Sachs Names 9 Top Japanese Semiconductor and Electronics Stocks 
29 US states are suing Meta. What might it mean for the rest of the world? 
Want to muck around with a real quantum computer? Now you can 
Add as a preferred source on Google
Following 53.3 in June, the ISM Manufacturing PMI climbed to 55.6 in July, the highest reading since May 2022 and considerably above the 54.0 forecast, therefore boosting manufacturing activity in the U.S. Though it stayed high, the study revealed growth for a seventh consecutive month, with general improvement below the surface and the prices-paid index falling to 71.1 from 73.0.
For markets, this is a growth-positive but possibly hawkish statistic that strengthens the idea that U.S. industrial activity is firming, which can be good for the USD and Treasury yields while also adding some pressure on gold and rate-sensitive stocks. Though not enough to change the primary message—that U.S. manufacturing is running hot—the somewhat lower prices-paid reading helps to somewhat allay the inflation concern.
