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Bank of America has adjusted its forecast for the Bank of England’s rate cut path, now expecting a 0.25% rate cut in November 2027, compared to the previous prediction of three rate cuts.

Gelonghui June 25｜Auto parts e-commerce platform Zhongchi Chafu surged 72.8% in pre-market trading. According to reports, Zhongchi Chafu recently completed a round of financing by issuing a prepaid promissory note to an institutional investor, which will bring the company up to $5.25 million in total proceeds. Additionally, under the agreement, the investor has the right to request the company to issue an additional $2.5 million prepaid promissory note within 21 months after the transaction is completed. This financing announcement was interpreted by the market as a positive signal to ease the company's cash pressure, support its business transformation, and strategic expansion, directly boosting the stock price.

```htmlGolden Ten Data reported on June 25 that, according to a decision published in the official gazette on Thursday, Egypt—the world’s seventh-largest nitrogen fertilizer exporter—has revised its nitrogen fertilizer export tax policy. The previous fixed export tax (USD 90 per ton) has been replaced with a 10% ad valorem tax based on the export value. Additionally, high-purity ammonium nitrate products are granted tax exemptions. The new regulation stipulates that all nitrogen fertilizer exports are taxed at 10% of the invoice amount based on the FOB price. However, pure ammonium nitrate with a nitrogen content exceeding 34.2% is not subject to the tax, and goods exported to manufacturing enterprises within Egypt’s free trade zones are also exempt. This policy shift comes at a time when the global fertilizer market is experiencing significant volatility. The World Bank warned in its April “Commodity Market Outlook” report that, due to tensions in the Middle East, global fertilizer prices may rise by more than 30% in 2026.```