Market news
Crypto, stocks, forex and macro, aggregated for traders.
MSCI USA Momentum ETF surges 38% YTD, 4x S&P equal-weight
The MSCI USA Momentum Factor ETF (MTUM) has risen 38.2% year-to-date, outpacing the S&P 500 equal-weighted index by a factor of four. The ratio between the two has reached a record high of approximately 172, indicating momentum stocks are dramatically outperforming the average stock.
MSCI Warns Indonesia May Be Reclassified to Frontier Market
MSCI has warned that without sufficient progress by November, it may pursue reclassification of Indonesia from emerging to frontier market status, a move that could spur further foreign capital outflows.
MSCI Delays Indonesia Market Status Review to November 2026
MSCI has postponed its review of Indonesia’s market status to November 2026, citing the need for more time to assess the effectiveness of recent reforms on transparency, investor disclosures, and free-float requirements.
SpaceX Prices $25 Billion Bond Offering, One of Largest Corporate Debt Sales This Year
SpaceX has priced its inaugural $25 billion bond offering, one of the largest corporate debt sales this year, across five tranches of senior notes maturing between 2031 and 2056. Proceeds will repay a bridge loan and support general corporate purposes.
Hedge Funds Bet $18 Billion Against Brent Crude, Most in Decade
Hedge fund net short positions on Brent crude have surged to roughly $18 billion, the highest in at least ten years, with short bets more than tripling over the past three months.
Brazil to Add Zero-Duty Import Quotas for Disassembled EVs from July 1
Brazil will introduce additional zero-duty import quotas for disassembled and semi-assembled electric vehicles starting July 1, offering limited relief to automakers facing higher import barriers.
Brazil to Maintain Tariff Hikes on Imported EVs, 35% by 2026
Brazil will keep its planned tariff increases on imported electric and hybrid vehicles, with a 35% import tax on assembled and semi-assembled EVs starting July 2026, and on disassembled vehicles from January 2027.
US Commerce Secretary Signals Possible Action Against Chinese Robotics Imports
US Commerce Secretary Howard Lutnick said the administration is investigating state-subsidized Chinese robotics imports and could take strong action once the review is complete, as Washington views China's state-backed robotics industry as a national security concern.
Gold ETFs See Largest Weekly Inflows Since Mid-April
Physical gold-backed ETFs attracted $1.1 billion in net inflows last week, the largest since mid-April, reversing four straight weeks of outflows that totaled $7.6 billion.
Pakistan PM Says Iran Missiles Not Part of US-Iran Talks
Pakistan's Prime Minister Shehbaz Sharif stated that Iran's ballistic missile program was never included in the US-Iran peace negotiations, countering claims that missile capabilities were discussed. He praised the peace deal as a step toward stability, while Iran insisted its missiles remain off the table.
Eli Lilly and Bayer Warn Germany’s Pharma Policies Risk Investment
Eli Lilly and Bayer have criticized Germany’s spending policies on innovative medicines, warning they could undermine the country’s attractiveness for pharmaceutical investment, according to a Financial Times report.
Pakistan PM Defends Iran's Missile Program, Says Objections Unnecessary
Pakistan's Prime Minister Shehbaz Sharif defended Iran's ballistic missile program, arguing that many countries possess such capabilities and that objections would only create unnecessary controversy and delays.
Trump Denies Iran's Claim on IAEA Inspections, Warns of Talks Cancellation
President Trump refuted Iran's assertion that no IAEA inspections are scheduled, stating Tehran has committed to full inspections and warning he would immediately cancel talks if that were not the case.
Trump Says Iran Mistaken on IAEA Inspectors, Talks Continue
Donald Trump stated that Iran is wrong about IAEA inspectors and sees no urgent need to deploy them, while negotiations with Tehran are ongoing and a deal remains possible.
India and US Close to Formalizing Interim Trade Agreement, DBS Economist Says
DBS economist Radhika Rao reports that India and the United States are nearing the finalization of an interim trade agreement under a new framework.
Strait of Hormuz Shipping Traffic Nearly Triples in Week
Vessel crossings through the Strait of Hormuz surged from 32 to 93 week-on-week, according to MarineTraffic and Kpler data, signaling a rebound in shipping confidence after recent geopolitical tensions.
US Manufacturing Job Losses Hit Worst Level Since Pandemic
U.S. manufacturers cut jobs at the fastest pace since the COVID-19 pandemic, reflecting growing strain in the industrial sector amid weaker demand, high borrowing costs, and trade policy uncertainty.
SpaceX Bond Sale Attracts $89 Billion in Investor Demand
SpaceX has reportedly drawn $89 billion in demand for its inaugural U.S. bond offering, marking one of the largest investment-grade debt deals this year.
WTI Oil Drops Over 1% as Middle East Tensions Ease and Iran Supply Looms
West Texas Intermediate crude fell more than 1% on Tuesday, trading near $73.00, pressured by reduced geopolitical risk in the Middle East and the prospect of returning Iranian oil supplies.
AI Token Price Collapse Weighs on Big Tech Valuations
Falling AI token prices are raising concerns about the profitability of advanced AI models, putting pressure on hyperscaler stocks like Amazon, Microsoft, Meta, and Alphabet.
US Supreme Court Expands DHS Power Over Green Card Holders
The US Supreme Court ruled 6-3 that DHS can revoke lawful permanent resident status if the holder leaves the US with pending criminal charges, even without a conviction.
France Heatwave Overwhelms Emergency Call Centers as Calls Surge 50%
A severe heatwave in France has led to a 50% increase in calls to SAMU emergency services in the Île-de-France region, straining healthcare response as temperatures rise.
Rand Paul Accuses Fauci of Funding Wuhan Lab Research, Misleading Congress
Senator Rand Paul has revived allegations that U.S. taxpayer funds supported gain-of-function research at the Wuhan Institute of Virology, potentially contributing to the COVID-19 pandemic, and that Dr. Anthony Fauci approved the experiments and later misled Congress.
Fed Rate Hike Probability Jumps to 25% for July Meeting
Markets now see a 25% chance the Federal Reserve will raise interest rates at its July 29 meeting, a sharp reversal from earlier expectations of two rate cuts by that date.