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DBS Sees Singapore 2Q26 GDP Growth at 5.8% YoY, 1.5% QoQ
DBS economists forecast Singapore's advance 2Q26 GDP at 5.8% year-on-year and 1.5% quarter-on-quarter seasonally adjusted, slightly below the prior quarter but backed by resilient GDP and strong non-oil domestic exports.
Silver Price Retreats as Trump Declares Ceasefire Over; Bears Eye $55.00
Silver fell 0.54% on Friday during the North American session, pressured by high US Treasury yields and a shift in sentiment after President Trump said the ceasefire is 'over.' The lower high structure remains intact, with bears targeting $55.00.
US Stock Indices Close Higher in Unofficial Trading
The three major US stock indexes posted gains in unofficial closing figures, with the S&P 500 rising 0.40% and the Dow Jones gaining 0.33%.
Bank of Japan Assets Tumble $146B in Q2 to Lowest Since 2020
The Bank of Japan's total assets fell by $146 billion in Q2 2026 to $3.97 trillion, the lowest since Q1 2020, marking the largest quarterly decline since the start of its quantitative tightening program.
SK Hynix CEO Warns Memory Chip Shortage May Persist Beyond 2030 on AI Demand
SK Hynix’s CEO cautioned that the global memory chip shortage could stretch past 2030, driven by surging AI demand for high-bandwidth memory (HBM). Production expansion remains difficult due to high costs, long construction timelines, and complex manufacturing.
Turkey's FM Comments on Potential Conflict with Israel, NATO Article 5
Turkish Foreign Minister Fidan stated that the conditions for NATO's Article 5 are clear, while reiterating Turkey's president as a leader of peace who seeks cooperation.
Retail Stock Purchases Slow to Lowest Since 2020
Retail investors bought a net $13.0 billion in US equities over the past month, the smallest amount since 2020, according to VandaTrack. Net purchases have dropped 58% since early 2026, while single-stock buys fell 71% to $3.2 billion.
Pakistan PM discusses regional peace with Iranian President in phone call
Pakistan's Prime Minister spoke with Iran's President Masoud Pezeshkian, emphasizing restraint, dialogue, and diplomacy to maintain recent peace gains. The leaders also agreed to advance bilateral cooperation.
US CPI Expected to Cool, Retail Sales to Soften
Next week's headline CPI reading is expected to decline, driven by lower energy prices. Retail sales are also forecast to soften, partly due to falling gasoline costs.
June US NFP Misses Forecasts at 57K, May Revised Lower
The June Non-Farm Payrolls report showed only 57,000 net new jobs, well below the 115,000 consensus estimate and May's downwardly revised 129,000 figure. Revisions also cut a total of 74,000 jobs from the prior two months.
WTI Crude Falls Back From War Spike as Ceasefire Hopes Fade
West Texas Intermediate crude oil traded at $70.98 on Friday, down 1%, after an early spike to $72.83 was reversed by selling pressure in New York, with the barrel hitting a session low near $70.70. The move comes as ceasefire hopes continue to be dashed.
Fed Report: Financial System Sound, Asset Values Above Historic Norms
The Federal Reserve's latest Financial Stability Report says the financial system remains sound and resilient, with vulnerabilities unchanged. Bank reserves are within the 'ample' range, but asset values in stocks, corporate debt, and residential real estate are above historic norms.
Fed Highlights Divergent Trends: Private Credit Strain, Housing Stagnation, AI-Driven Factory Output
The Fed's latest report reveals a mixed economic picture: private credit vehicles saw a notable rise in redemption requests amid defaults and asset quality concerns, while the housing market remains stagnant. Factory output is strong, driven by AI-related data center investment, and US productive capacity is rising at a solid pace, but foreign economic activity was subdued in H1 2026 due to the Middle East conflict and US tariffs.
Trump Says Iran Asked for Talks, Agrees but Declares Ceasefire Over
President Trump stated that Iran has requested continued talks with the US, and he has agreed, but he also declared that the ceasefire is over.
Trump Says US Agreed to Continue Talks with Iran, But Ceasefire Is Over
President Donald Trump stated that Iran has requested continued talks, which the US accepted, but emphasized that the ceasefire is no longer in effect.
Trump Says Iran Requested Talks, Ceasefire Is Over
President Donald Trump announced that Iran has asked the US to continue talks, but emphasized that the ceasefire is over.
RBC: Canadian Labour Market Stabilising with Modest Improvement
RBC economist Nathan Janzen says Canadian labour markets showed further signs of stabilisation in June with modest employment growth and a slight decline in the unemployment rate.
ING: India June CPI Seen at 4.2% YoY, Wholesale Inflation Eases
ING economists forecast India’s June consumer inflation at 4.2% year-on-year, while wholesale inflation moderates.
Experts Say Oil Should Be Priced Higher Amid Trump Retaliation Wait
While markets await potential Trump retaliation, experts believe oil prices are undervalued and should be much higher.
Canadian Card Spending Holds Steady in June, RBC Says
RBC reports that Canadian cardholder spending remained stable in June, with core retail sales edging higher. Discretionary goods led gains, while essential spending including gasoline was subdued.
Analyst Says Gold's Pullback Not End of Bull Market
Gold's sharp correction in the first half of 2026 has raised concerns the bull market is over, but Money Metals' Mike Maharrey argues the weakness is misleading.
US CPI and Warsh Testimony to Take Centre Stage, BoC Eyed Too
This week's focus is on US CPI data and the first testimony from new Fed Chair Kevin Warsh, with the Bank of Canada decision also on the calendar.
Iraq's Supreme Judicial Council Vows to Prosecute Corruption and Recover State Funds
The Iraqi Supreme Judicial Council announced its commitment to hold accountable all perpetrators of financial and administrative corruption through the competent courts and to recover state funds.
EU Mid-Market Update: SK Hynix IPO, EasyJet Acquisition, Delta Results
European markets see updates with SK Hynix IPO, EasyJet acquisition, and Delta results. Japanese assets weaken after finance minister comments on pension funds.