Wall Street closes in the red for a second day running and Treasury yields rise following hawkish comments from San Francisco Fed President Mary Daly, who says that the battle to rein in U.S. inflation is far from over. Tensions are high in East Asia after U.S. House Speaker Nancy Pelosi touches down in Taipei to pledge close support for Taiwan, irking the CCP administration. Pelosi is the highest ranking U.S. official to visit the island in 25 years. We speak to Société Générale CEO, Frédéric Oudéa, who has seen the lender’s Q2 revenues surge by 13 per cent. Also, Chinese July PMI storms back expanding at its fastest pace for more than a year as Covid restrictions were finally lifted.

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