Market news
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US Sends Refueling Planes to Israel Ahead of Potential Iran Offensive
The Trump administration has reportedly sent dozens of refueling aircraft to Israel as preparations for a massive offensive against Iran advance, pushing Brent oil toward $88 per barrel.
WTI Oil Rallies Above $81 Amid Middle East Tensions
West Texas Intermediate (WTI) crude oil surpassed $81 per barrel, gaining 2.76% on the day, as escalating geopolitical tensions in the Middle East threaten global oil supplies. The commodity is on track for a weekly gain of over 13%.
US Margin Debt Hits Record $1.5 Trillion in June, Third Monthly Increase
US margin debt rose $86.5 billion to a record $1.5 trillion in June, marking the third consecutive monthly increase. Broader investor leverage reached ~1.4% of S&P 500 market cap, near all-time highs.
Japanese Retail Traders Boost Net Dollar Shorts to Record $17.2B
Japanese retail investors increased net short positions against the US dollar to $17.2 billion, a record high since 2008, quadrupling month-over-month amid expectations of continued yen-supportive intervention by authorities.
Gold Faces Bearish Pressure as Middle East Tensions Counter USD Weakness
Gold prices are struggling to gain despite a weaker US dollar, as escalating Middle East tensions create bearish pressure on the precious metal.
Commerzbank Warns of Rising Oil Risk as Iran Threatens Bab al-Mandab Strait
Commerzbank's commodity team highlights renewed geopolitical risks for oil after Iran again threatens to block the Bab al-Mandab strait, a key transit route for Saudi exports.
Fed’s Hammack: Persistent Inflation Remains Key Concern
Cleveland Fed President Beth Hammack stated that persistently high inflation is a bigger worry, noting broad-based price pressures and consumer distress.
CENTCOM: Tower strike degrades IRGC attack coordination, protects navigation
US Central Command says destroying a tower reduces Iran's IRGC ability to coordinate attacks on civilians and protects freedom of navigation, except for ships violating the US naval blockade against Iran.
US Forces Destroy IRGC Surveillance Tower at Iran Port
US Central Command announced that on July 16, US forces destroyed the Chah Bahar Shahid Kalantari Port surveillance tower, part of an IRGC maritime network along Iran's Gulf of Oman coast used to track commercial vessels in the Strait of Hormuz.
Oil prices rise over 1.5% after consolidation
Brent crude oil prices advanced over 1.5% during European trading on Friday, regaining upward momentum after a period of quiet consolidation.
Trump Staffer Accused of Insider Betting on Kalshi
ABC News reports that Donald Trump's teleprompter operator may have used nonpublic information about presidential speeches to place bets on Kalshi, profiting over $100,000. The platform alerted the CFTC, and the White House placed the employee on unpaid leave.
US stocks open sharply lower, Dow drops 1% to 51,999.56
US stocks opened sharply lower, with the Dow Jones Industrial Average falling 553.41 points (1.05%) to 51,999.56. The Nasdaq dropped 466.90 points (1.80%) to 25,415.05, and the S&P 500 declined 90.59 points (1.20%) to 7,443.18.
Oil's Bull Flag Hides Record Fuel Squeeze as WTI Nears $80
WTI crude oil is trading near $80 after renewed US-Iran attacks and a slowdown in Strait of Hormuz traffic. The chart shows a bull flag, but analysts warn of a hidden record fuel squeeze.
UK Labour's Andy Burnham unveils pro-business inflation plan
Andy Burnham, the Labour leader and Mayor of Greater Manchester, has outlined a pro-business Labour platform, citing his regional experience as a model for future government policy on inflation and economic growth.
Commerzbank: European Gas Prices to Stay High Despite Hormuz Reopening
Commerzbank analyst Norman Liebke expects European gas prices to remain elevated in the near term, even if the Strait of Hormuz reopens, citing tightening supply.
U.S. Consumer Sentiment Expected to Improve in July but Stay at Historically Low Levels
The University of Michigan's preliminary estimate for July's Consumer Sentiment Index is expected to show further improvement, though the reading will remain at historically low levels.
ECB Likely to Hold Rates in September, Societe Generale Says
Societe Generale's Anatoli Anenkov expects no policy change at next week's ECB meeting, citing persistent data dependence and recent Euro Area data that have not shifted the outlook.
Iran's IRGC Warns of 'More Crushing' Retaliation Against US and Allies
Iran's Islamic Revolutionary Guard Corps (IRGC) has issued a warning of heightened aggression against the United States and countries hosting US military bases, threatening a 'more crushing' response during the European trading session.
Silver Falls to $55.44, Down 0.17%
Silver prices edged lower on Friday, trading at $55.44 per troy ounce, down 0.17% from the previous level of $55.53, according to FXStreet data.
Czech Producer Prices Remain Benign in June
Czech industrial producer prices stayed subdued in June despite higher input costs earlier in the supply chain. Agricultural producer prices posted an even sharper annual decline.
Silver on Track for Weekly Decline as Middle East Tensions Fuel Rate-Hike Worries
Silver (XAG/USD) trades near $55.50 on Friday, flat on the day, but is set to post a weekly loss as heightened Middle East tensions raise expectations of interest rate hikes.
WTI Crude Consolidates Near $79 Ahead of Breakout
West Texas Intermediate crude oil continues to trade in a tight range around $79.00 for the fourth consecutive session, with analysts eyeing bullish momentum for the next leg higher.
US Tariffs on Brazilian Exports to Shape Election Dynamics – Standard Chartered
Standard Chartered analyst Dan Pan assesses the impact of new US Section 301 tariffs on Brazilian exports, with a 25% levy effective July 22 that could influence upcoming elections.
Leaked Suno Code Shows Millions of Tracks Downloaded for AI Training
A leaked Suno source code reveals logs of over 2 million clips from YouTube Music being used to train its AI, potentially strengthening copyright claims by music labels.