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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.
Gold Rebounds as Oil Eases, USD Weakens – OCBC
Gold prices have rebounded as easing oil prices reduce inflation and Fed tightening concerns, while a softer US dollar provides additional support, according to OCBC strategists.
Perplexity Unveils Research Version of Orchestrator Model for Local AI Agent
Perplexity has released a research version of its new orchestrator model for the Perplexity Computer local AI agent, based on China's GLM 5.2 and fine-tuned for agent environments.
Israeli military destroys 83% of Hamas tunnels in northern Gaza
The Israeli military reports destroying five Hamas tunnels in northern Gaza, with Defense Minister Israel Katz stating that 83% of the group's tunnels in the area have been neutralized.
BNY Strategist Warns Renewed Rates Volatility Could Pressure US Equities
BNY strategist David Tam warns that a rise in the MOVE Index could pressure U.S. equities, especially technology and growth sectors. He advises reducing equity exposure and shortening portfolio equity duration.
IEA Forecasts Oil Demand to Rise 1.2M bpd YoY in Q4
The International Energy Agency projects a year-on-year increase of 1.2 million barrels per day in global oil demand for the fourth quarter.
EU Countries Agree to Extend Message Scanning Regime for Child Safety
European Union member states have agreed to prolong a temporary regime for scanning social media messages to detect users suspected of distributing child sexual abuse material, an initiative advanced by the current presidency.
WTI Oil Extends Correction After Hitting Two-Week High, Trades Near $71.50
West Texas Intermediate (WTI) crude oil futures edged lower to near $71.50 during the European session on Friday, extending a pullback from a fresh two-week high of $75.73, as signs of de-escalation in US-Iran tensions weigh on prices.
Brent Oil Retraces Gains on Fragile Iran-US Ceasefire – Rabobank
Rabobank strategist Molly Schwartz notes that Brent crude traffic through the Strait of Hormuz remains constrained despite a nominal ceasefire between the US and Iran, as war insurance costs surge and shipowners are advised to pause transit.
Deutsche Bank: Tech and Chips Drive Equities Relief Rally
Deutsche Bank strategists note a strong semiconductor rally and lower oil prices lifted global equities, with the S&P 500 rebounding as investors rotated into growth and cyclical stocks.
Pump Prices Sticky Despite Crude Decline
Global average fuel retail prices remain near $202/bbl, having unwound only 45% of their early 2026 spike, while Brent crude has given back about 70%.
Oil Prices Stay Contained Despite Strait of Hormuz Disruption
Oil prices remained subdued this week even as traffic through the Strait of Hormuz nearly halted again. A ceasefire faces jeopardy, while US-Iran technical talks continue.
Lower Oil Does Not Guarantee Lower Inflation
A recent commentary challenges the common market assumption that falling oil prices automatically mean lower inflation, hinting at a more complex dynamic.
Gold Breaks Below $4,050 Support, Described as Positioning Flush
Gold slipped below the $4,050/oz support zone into the low $4,020s/oz for the second time in a fortnight. Analysts view the move as a positioning flush rather than a structural breakdown.
US Tech Insider Buying Hits Record High
According to SentimenTrader, 28 executives at companies in the XLK tech ETF have bought their own stock in the last six months—the highest count on record and double the figure from the start of 2026.
WTI Consolidates Below $72.00 as Traders Eye Geopolitical Developments
West Texas Intermediate crude oil steadied during the Asian session on Friday, pausing its recent decline as traders weighed mixed signals from the US and geopolitical tensions.