Market news
Crypto, stocks, forex and macro, aggregated for traders.
Fed Chair Warsh: US Will Be Big Winner in AI
Federal Reserve Chair Kevin Warsh said the US will be a big winner in AI, while reiterating he will not give forward guidance on policy during a panel at the ECB Forum on Central Banking 2026.
AI Researchers Propose Banning Powerful GPUs to Prevent Catastrophe
A new book by Eliezer Yudkowsky and Nate Soares argues that powerful GPUs should be outlawed and that any country building a large data center in defiance should be struck preemptively, even at risk of nuclear retaliation.
US Lifts Export Restrictions on Anthropic's Claude Fable 5 and Mythos 5
The US Department of Commerce has removed export restrictions on Anthropic's Claude Fable 5 and Claude Mythos 5 models. Fable 5 will be released globally on July 1 with a new safety classifier.
Euro Area Inflation Dips, Easing ECB Pressure – Nordea
Nordea analysts report that lower-than-expected Euro-area inflation in June reduces pressure on the ECB, supporting a wait-and-see stance for July.
US Challenger Job Cuts Drop 53% in June to 45,849
US employers announced 45,849 job cuts in June, down 53% from May's 97,006, according to Challenger, Gray & Christmas.
TD Securities: US ISM Manufacturing to Edge Down, JOLTS Elevated
TD Securities strategists expect the June ISM Manufacturing index to decline slightly, while JOLTS job openings remain elevated. The data will shape the US dollar outlook.
Iran Insists on Hormuz Control, Shoots at Ships
Senior Iranian sources say Iran will not discuss other issues in peace talks until control of the Strait of Hormuz is agreed. Iran may resume charging ships to pass in mid-August and shot at four ships over the weekend.
HSBC: Gold Range-Bound Near Term, Upside Later
HSBC analysts Willem Sels and Lucia Ku note that gold has failed to rally amid the Middle East conflict and traded lower after a recent record high. They see near-term range-bound action but anticipate upside later.
Oil Calms, but Upside Potential Remains
The oil market is no longer panicking over every headline, but the upside trade hasn't disappeared despite the calm.
Netanyahu Says Third Confrontation With Iran Possible If Necessary
Israeli Prime Minister Benjamin Netanyahu stated that a third military confrontation with Iran could occur 'if necessary,' according to a report from The Times of Israel on Wednesday.
Copper Gains as Markets Watch US-Iran Talks and Fed Focus – ING
ING’s commodities team reports industrial metals, led by copper, rose as markets monitored US-Iran talks and shipping risks, while aluminum remained under pressure.
Brent Ends Q2 Sharply Lower on Supply Recovery Fears – ING
ING analysts note that ICE Brent ended the second quarter sharply lower as markets price a recovery in Persian Gulf supply and record US output.
WTI Falls to Four-Month Low Below $69.50 on Rising Hormuz Traffic
WTI crude oil dropped to around $69.40 during early European trading on Wednesday, hitting a four-month low as vessel traffic through the Strait of Hormuz recovered amid progress toward easing Middle East tensions.
Silver Awaits ISM Data as Growth vs Rate Tensions Build
Silver is trading cautiously ahead of the ISM Manufacturing report, with the market balancing growth expectations against the drag from restrictive monetary policy.
CEE Manufacturing PMI Data Due Across Four Countries
Manufacturing PMI releases are scheduled for Czechia, Hungary, Poland, and Romania this morning, following a slight improvement in the eurozone's flash Composite PMI for June.
Asian Market Update: Kospi Volatility, Iran Uncertainty, Mixed Data
Asian markets remain under pressure from continued Kospi volatility and ongoing uncertainty around Iran, while mixed macro data adds to the cautious tone. Nike continues to struggle in China and Microsoft is reportedly planning further job cuts.
Asian Markets Mixed as Nikkei 225 Rallies 1%, Kospi Sinks on Profit-Taking
Asian stock markets traded mixed on Wednesday, with Japan's Nikkei 225 gaining 1% amid a global tech rally while South Korea's Kospi fell on profit-taking. Ongoing US-Iran talks added uncertainty to market sentiment.
ECB's Cipollone Urges Pause on Hikes Until New Projections
European Central Bank Executive Board member Piero Cipollone advised colleagues to postpone further rate hikes until new economic projections are released, according to a report.
WTI Holds Losses Near $69.50 Amid US-Iran Doha Talks
West Texas Intermediate crude oil remains subdued near $69.70 as supply concerns ease amid potential US-Iran peace talks in Doha.
U.S. New Car Payments Hit Record $772/Month as Affordability Worsens
The average monthly payment for a new car in the U.S. has reached a record $772, with more buyers taking on longer loan terms to manage costs. One in five financed buyers now pays over $1,000 per month, raising concerns about consumer credit quality and future auto demand.
South Korea's KOSPI Drops 3.9% as Selling Pressure Intensifies
South Korea's benchmark stock index plunged as much as 3.9% to 8,143.33 points, standing out against broader regional gains and signaling strong selling pressure.
US Investor Sentiment Hits Extreme Levels, Warning of Possible Correction
The U.S. Equity Sentiment Indicator reached 2.0, near its highest since 2021, signaling historically stretched positioning and raising the risk of a pullback.
Hedge Funds Cut US Tech Exposure at Fastest Pace in Over a Decade
Hedge funds are aggressively reducing their positions in US Technology, Media & Telecom (TMT) stocks, with outflows from the sector the largest and most persistent of any US sector in 2026.
China's RatingDog Manufacturing PMI Eases to 51.7 in June, Matching Forecasts
China's RatingDog Manufacturing PMI slipped to 51.7 in June from 51.8 in May, aligning with market expectations. The data may influence the Australian Dollar given China's role as a key trade partner.