美国5月批发销售月率录得3.4%，为2022年1月以来最大增幅。

July 8 — The Institute of Marine Development Strategy under the Ministry of Natural Resources published a bilingual report, A Historical and Legal Critique of the Philippines' South China Sea Territorial Claims, concluding Manila has sought to extend territory beyond treaty-defined boundaries to include Scarborough Shoal and parts of the Spratly Islands. The report said these expansions lack basic historical evidence and contravene international law on territorial acquisition. It is the first comprehensive assessment and systematic critique of Philippine claims by a Chinese state-affiliated research institute.

Dubai stocks led losses across Gulf markets after U.S. President Trump said his ceasefire agreement with Iran was over following fresh Iranian attacks on vessels in the Strait of Hormuz. XTB MENA analyst Milad Azar said sharp falls in UAE and Qatari equities reflect a repricing of geopolitical risk rather than changes to economic fundamentals, with rising regional tensions prompting investors to cut exposure and triggering broad selling of financials and blue chips. Dubai Financial Market General Index -1.5%; Qatar QE Index -0.8%; Abu Dhabi ADX -0.6%.