Bank of America raised its price target for Intel (INTC.O) to $160 from $135.

Domestic News: 1. The Ministry of Commerce, the National Development and Reform Commission, and the Ministry of Finance jointly issued the "Action Plan for Utilizing Foreign Investment to Stabilize and Promote Excellence." 2. Li Qiang: We must vigorously develop the high-end equipment manufacturing industry and accelerate the construction of a modern industrial system. 3. Wang Yi met with Indian National Security Advisor Ajit Doval. 4. Wang Yi met with Iranian Supreme National Security Council Deputy Secretary Nezamipour. 5. The Ministry of Agriculture and Rural Affairs and the National Development and Reform Commission held a symposium on strengthening the comprehensive regulation and control of pig production capacity. 6. The Ministry of Culture and Tourism: Total domestic tourism spending during the 2026 Dragon Boat Festival holiday reached 44.456 billion yuan, a year-on-year increase of 4%. 7. The State Financial Regulatory Commission, together with the People's Bank of China and the China Securities Regulatory Commission, held a meeting of regulatory liaisons for financial consumer and investor protection. 8. Ministry of Finance: From January to May, national general public budget revenue reached 10,046.5 billion yuan, a year-on-year increase of 4%; securities transaction stamp tax reached 126.2 billion yuan, a year-on-year increase of 88.8%. International News: 1. CME Group platform experienced a "connection interruption," disrupting trading. 2. Federal Reserve—① Warsh will testify before the House of Representatives on July 14. ② Goolsby: Expresses strong approval of Warsh's reduction of forward guidance. 3. Former Federal Reserve Chairman Greenspan passed away at the age of 100. 4. British Prime Minister Starmer announced his resignation; Burnham will run for the premiership. 5. Overnight Market—International crude oil fell by about 3%, spot gold rose by nearly 1%, SpaceX fell by more than 16%, and the USD/JPY pair plunged again after approaching 162. It is reported that the US and Japanese finance ministers held an emergency online meeting. 6. Middle East Situation— ① Iranian Foreign Ministry: Technical talks between Iran and the US have begun in Switzerland. ② Vance: A de-escalation mechanism for the Lebanese conflict has been established, and Iran has agreed to invite IAEA inspectors for a return visit. US officials stated that the US has established a "monitoring mechanism" for the situation in Lebanon. ③ The US Treasury Department issued a 60-day temporary general license authorizing Iran to sell oil. ④ Iranian negotiators: The agreement between the US and Iran on unfreezing $12 billion of Iranian assets has been finalized; both sides have agreed to establish communication channels regarding the passage of ships through the Strait of Hormuz.

Japanese Chief Cabinet Secretary Minoru Kihara was aware of the meeting between Finance Minister Satsuki Katayama and U.S. Treasury Secretary Bessenter; however, he declined to comment further.