Market news
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AI Mentions on Global Earnings Calls Hit Record in H1 2026
Mentions of AI disruptions on H1 2026 earnings calls surged to ~780, a 310% increase from H2 2025. A record 337 S&P 500 executives mentioned AI in Q1 2026, more than double the 5-year average.
German Industrial Output Rises 0.9% in May, Commerzbank Says
Commerzbank economist Dr. Ralph Solveen notes that German industrial production climbed 0.9% month-on-month in May, bringing the April–May average slightly above the first-quarter level.
WTI Rises Over 2% as Strait of Hormuz Attacks Raise Supply Fears
West Texas Intermediate crude oil jumped more than 2% on Tuesday after fresh attacks near the Strait of Hormuz threatened the recovery in shipping, with WTI trading near $70.00.
EIA: US Oil Output to Dip in July, Natural Gas Steady
The US Energy Information Administration forecasts crude oil production will average 13.84 million barrels per day in July, down from 13.89 million in June, and 13.81 million in August. Natural gas output is seen at 122.4 billion cubic feet per day in July and 122.6 billion in August.
U.S. Forces Intercept Iranian Drones Over Strait of Hormuz Shipping
U.S. forces intercepted several Iranian drones launched by the IRGC toward commercial vessels in the Strait of Hormuz, with reports of a third ship being targeted.
Silver Slides Below $61 as Markets Eye Fed Minutes
Silver (XAG/USD) extended its decline for a second consecutive day on Tuesday, falling below the $61 threshold to trade near $60.70, down 2.21% on the session. Traders are now focused on the release of the Federal Reserve meeting minutes for further direction.
NY Fed: Consumer Inflation Expectations Rise to 3.7% in June
The New York Fed's Survey of Consumer Expectations shows one-year inflation expectations climbed to 3.7% in June, the highest since last September, despite falling gas prices.
Iran Strikes Third Commercial Ship in Strait of Hormuz
US officials report a third commercial vessel attacked in the Strait of Hormuz, following two similar attacks yesterday. The strikes come after a one-week US-Iran agreement to halt such attacks has expired.
Equal-Weighted S&P 500 Tops 31 All-Time Highs in 2025, Outruns Cap-Weighted
The equal-weighted S&P 500 has recorded 31 all-time highs so far this year, beating the cap-weighted index's 24. It has rallied 12.2%, outperforming the S&P 500's 10.1% gain, and is on track for 60 new highs in 2026.
Gulf Oil Production Recovery Challenges Oversupply View – Commerzbank
Commerzbank's Carsten Fritsch notes rapid recovery in Gulf oil production and exports after US–Iran agreement, with Brent moving into contango and Saudi Arabia cutting its OSP for Asia.
Platinum Faces Timing Problem but Fundamentals Support Long Play
Platinum is becoming an attractive commodity trade, with bullish medium-term fundamentals and tight supply, though a clean breakout has yet to occur.
Dutch Trade Minister Says Chip Legislation Is Netherlands' Own Issue to Decide
The Dutch Trade Minister stated that chip legislation is a matter for the Netherlands to decide independently. On the US MATCH Act, he noted having contacts in Washington who may assist during the voting process.
Dutch Trade Minister Holds Constructive Talks with China on Nexperia Dispute
Dutch Trade Minister reported frank and constructive discussions with China's Commerce Minister, and on the Nexperia dispute, expressed appreciation for the constructive relationship with the Chinese government.
S&P 500 CAPE Ratio Hits 40x, Highest Since Dot-Com Bubble
The S&P 500's cyclically adjusted price-to-earnings (CAPE) ratio has surged above 40x, marking its highest level since the 2000 Dot-Com Bubble and exceeding valuations at every major market top of the last 140 years.
Commerzbank: Aluminium Shortage Supports Prices Despite Gulf Outages
Commerzbank analyst Barbara Lambrecht notes that aluminium’s recent correction has likely ended, with prices rebounding as Chinese and LME inventories drop sharply and Gulf smelter outages provide support.
Survey: Global Institutions Plan to Reduce USD Exposure for First Time in 3 Years
According to an OMFIF survey of central banks and sovereign wealth funds managing over $10 trillion, 4% plan to reduce USD exposure over 12-24 months, the first such reading in three years. Meanwhile, 82% of central banks now hold physical gold, up from 71% last year.
Commerzbank: Gold Dip Limited as PBoC Continues Buying
Commerzbank analyst Carsten Fritsch notes gold's recent dip to $4,120/oz is limited due to continued PBoC buying, despite pressure from higher energy prices and Fed rate expectations.
Hormuz Security Risks Boost Crude Prices After LNG Carrier Strike
A Qatari LNG carrier was struck near the Strait of Hormuz, reviving security concerns and lifting Brent, WTI, and other crude benchmarks, according to BNY's Geoff Yu.
Gold Stalls Recovery as Fed Uncertainty Keeps Buyers Cautious
Gold (XAU/USD) trades lower for a second consecutive day, pressured by a steady US dollar and doubts over the Federal Reserve's interest rate path.
Copper Long-Term Story Strong But Entry Not Clean Yet
Copper remains a widely discussed commodity with a strong long-term outlook, but analysts suggest the current entry point is not ideal.
AI Rally Falters as Yields Re-Enter Danger Zone
Stocks closed higher on Monday as investors returned to AI and tech stocks, but the rebound may be short-lived as bond yields climb back into a danger zone.
Fed Task Force Under Warsh May Elevate Trimmed Inflation in Policy
Rabobank notes that a new Federal Reserve task force on inflation frameworks, led by Chair Warsh, could give trimmed inflation metrics a larger role in guiding interest rate decisions.
Kremlin: In Contact with US, Hopes for Peace; Claims Control of Kostiantynivka
The Kremlin stated it maintains communication with the US administration and hopes peace efforts succeed, while also claiming Russia has captured Kostiantynivka and continues to expand buffer zones.
European Stocks Rise as Focus Shifts to NATO Summit and Earnings
European markets opened higher on Tuesday, bucking a mixed global trend as traders look past geopolitical tensions and refocus on corporate earnings and fundamentals.