China retail money-market 7-day annualized yields: Tencent’s Licaitong (current) ranged 0.7110%–1.1730%; WeChat Wallet’s Lingqian Tong ranged 0.9360%–1.0060%; Alipay’s Yu’e Bao ranged 1.0010%–1.0140%.

CITIGROUP analysts say Mercedes‑Benz shares showed little reaction to a c.8% drop in global auto sales in Q2, highlighting very low market expectations. The bank says investors are likely to wait for clear evidence of stronger EBIT margins or a resumption of buybacks before re‑entering. Mercedes sold 2,000 fewer cars in Q2 versus Q1, which points to a renewed margin squeeze after the 4.1% reported in Q1. Van volumes rose 1% to 94,000 units; that division should deliver another solid quarter with margins near 10%. CITIGROUP rates the stock neutral with a PT of €51.

Israel's defense minister said Israeli forces will continue operations in the Lebanese security zone until Hezbollah is fully disarmed.