Market news
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Brazil VP Alckmin Calls US Tariffs Unfair and Unreasonable
Brazil’s Vice President Geraldo Alckmin said US tariffs are unfair and based on false premises, arguing that the US actually runs a trade surplus with Brazil and most American exports enter Brazil duty-free.
US-Mexico Trade Deal Shift Threatens Silver Supply Stability
The US declined to renew the long-term trade agreement with Mexico, which produces about a fifth of the world's silver. The deal now faces annual reviews instead of a 16-year lock-in, creating supply uncertainty.
Richest Americans' Wealth Reaches Record 12% of National Income
The top 0.00001% of Americans now control about 12% of US national income, a record high that has more than quadrupled since the 2008 Financial Crisis, fueled by surging equity and real estate markets.
EU Seeks to Rebalance Trade with China Without Closing Door: Standard Chartered
Standard Chartered analysts note the European Union is working to recalibrate its trade relationship with China, aiming to strike a balance without severing ties.
Fed's Logan: Immigration restrictions could hurt Texas labor force, AI investment near-term inflationary
Dallas Fed President Lorie Logan expressed concern over immigration restrictions impacting the Texas labor force, stated AI investment demand is real and has near-term inflationary effects, and voiced optimism about long-term productivity gains from AI.
Logan: U.S. Oil Export Growth Driven by Inventory Drawdowns, Not New Production
An analyst notes that recent U.S. oil export increases have come from inventory drawdowns rather than higher output, implying supply expansion remains constrained even with elevated crude prices.
Fed’s Logan: Data Center Demand Adds Modest Inflation, Oil Output Limited by Infrastructure
Dallas Fed President Lorie Logan stated that rising electricity demand from data centers is likely to add modest inflationary pressures. She also noted that high oil prices may not significantly boost U.S. production due to infrastructure constraints like limited gas takeaway capacity.
Schmid: Inflation Persists Broadly, Disagrees with Fed’s ‘Look-Through’ Approach
Fed Governor Christopher Schmid said inflation remains concerning across a wide range of goods and services, and he disagrees with the central bank’s practice of looking through some price increases as temporary shocks.
Foreign Holdings of US Treasuries Rise $18B in May to Near Record
Total foreign holdings of US Treasuries increased by $18 billion in May to $9.37 trillion, the second-highest on record. Over the past year, holdings surged by $549 billion.
Cybersecurity Market Expected to Exceed $350B by 2030 on AI-Driven Attacks
Generative AI has lowered the barrier to sophisticated cyberattacks, pushing the global cybersecurity market toward $350 billion by 2030 with a 9.1% CAGR. Healthcare, finance, and insurance sectors see fastest spending growth amid rising ransomware.
US 30-Year Fixed Mortgage Rate Rises to 6.55%, Highest Since August 2025
The average interest rate on a US 30-year fixed mortgage climbed to 6.55%, the highest level since August 2025, driven by ongoing geopolitical tensions linked to the Iran conflict.
Gold and Oil Slide on Hawkish Fed and Iran Deal Hopes
Gold and oil prices have declined in recent days, with gold pressured by the Fed's hawkish stance and oil falling on renewed hopes for a US-Iran peace deal. The post questions the logic of current investor behavior.
Markets Await Trigger as Traders Eye Pattern Repeats
A market observer notes that price patterns tend to repeat due to consistent investor psychology. The current stance is described as waiting for a trigger before a potential move.
Houthis Threaten Saudi Oil Exports; WTI Jumps Nearly $2
WTI crude oil surged from 78.37 to 80.29 after Houthi threats to target Saudi oil facilities if Saudi Arabia escalates actions.
Unprofitable Small-Cap Stocks Outperform as Russell 2000 Surges in 2026
Since mid-2025, Russell 2000 companies with negative EPS have returned +154%, far outpacing profitable firms' +34%. Year-to-date, unprofitable firms are up 45% vs. 18% for profitable ones, driving the Russell 2000 to a 20% gain.
Rabobank: Eurozone Inflation Risks Rise on Energy Shock
Rabobank warns that renewed US-Iran hostilities have pushed Eurozone inflation risks upward. June's softer flash CPI may give the ECB some leeway in July, but the earlier drop in energy prices has reversed, pointing to firmer readings ahead.
GLD Gold ETF Sees Record $14.4B Outflows Since March
The largest US gold-backed ETF, GLD, has recorded $14.4 billion in outflows since March 1 — 50% more than the total outflows from all Bitcoin ETFs since October. March saw an all-time monthly high of $8.5 billion in withdrawals.
US indices open mixed: Nasdaq falls 0.42%, Dow rises 0.26%
At the opening bell, the Nasdaq Composite fell 111.08 points (-0.42%), while the Dow Jones added 135.06 points (+0.26%). The S&P 500 opened down 13.54 points (-0.18%).
ING: Funds Boost Net Long Positions in TTF Natural Gas on Storage and LNG Competition
ING analysts Warren Patterson and Ewa Manthey report that investment funds have sharply increased net long positions in TTF natural gas, driven by concerns over storage levels and competition from LNG.
US Initial Jobless Claims Drop to 208K
The number of Americans filing new unemployment claims fell to 208,000 last week, according to the U.S. Department of Labor.
US Retail Sales Rise 0.2% in June to $768.6 Billion, In Line with Expectations
US Retail Sales rose 0.2% month-over-month in June to $768.6 billion, matching market expectations after a 1% increase in May.
PPI Surprise Drives Rally, Rate-Hike Odds Dive
A better-than-expected PPI report triggered a broad market rally, sharply reduced rate-hike expectations, and sparked rotation into tech stocks.
TD Securities Forecasts US June Retail Sales at 0.0% MoM
TD Securities expects June US Retail Sales to be flat month-on-month, below the consensus estimate of 0.2%, with weakness in the control group, falling gasoline prices, and a drop in food services.
EU Mid-Market Update: AI Spending Concerns, TSMC Capex, UK GDP Data
The sustainability of AI investment is questioned as TSMC raises capex but faces margin pressures, while UK GDP data supports a hawkish BOE stance.