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Wildfires Force Evacuations in Greek Coastal Areas Amid Strong Winds
Dozens of wildfires broke out across Greece on Saturday, driven by strong winds, leading to house fires and evacuations in settlements northwest of Athens.
China Rail Boosts Air Conditioner Shipments to Europe Amid Heat Waves
China State Railway Group is accelerating deliveries of air conditioners to Europe via a rail link that cuts transit time to about 15 days, compared with 40 days by sea, as heat waves sweep the continent.
Russia Strikes Kyiv with Ballistic Missiles, Killing Nine and Injuring 30
Russia launched a ballistic missile barrage on Kyiv, resulting in nine fatalities and over 30 injuries. Ukrainian officials are urging allies to supply more anti-missile weapons.
Iranian lawmaker says Strait of Hormuz conditions won’t return to pre-war status
Iranian lawmaker Ali Khazaei stated that conditions in the Strait of Hormuz will not revert to those before the war, calling the waterway an inalienable part of Iran’s rights.
US Embassy Urges Americans in Middle East to Consider Leaving
The US Embassy in Jordan advised Americans in the Middle East on Saturday to consider leaving or be ready to depart amid rising regional tensions, citing potential flight cancellations and airspace closures.
Iran Speaker Ghalibaf Urges Unity, Says Country ‘Won the War’
Iran’s parliament speaker Mohammad Bagher Ghalibaf called for national unity behind the clerical leadership and claimed Iran had emerged victorious in recent conflict, while urging consolidation of the outcome.
G10 Excess Liquidity Indicator Turns Negative, Pointing to Weaker Semiconductor Stocks
A key liquidity gauge has turned negative for the first time since 2024, historically leading the semiconductor index by six months, potentially signaling weaker SOX performance ahead.
US and Israel reportedly consider attack on Iran's energy infrastructure
CBS News reports that the United States and Israel are weighing a large military campaign targeting Iran's energy infrastructure.
Trump Orders New Attack on Iran, Energy Assets Targeted
President Trump has ordered a fresh attack on Iran targeting energy assets, with strikes possible as early as this weekend, according to WSJ.
Fed Chair Warsh Considers Reducing Number of Annual FOMC Meetings
Fed Chair Warsh is reportedly reviewing the frequency of FOMC meetings, currently held eight times a year, with a potential reduction that would lead to fewer scheduled rate votes.
US Stocks Rally: Dow, S&P 500, Nasdaq Close Higher
Wall Street ended firmly in the green, with the Dow gaining 0.66%, the S&P 500 adding 0.84%, and the Nasdaq jumping 1.19%.
Retail investors dump US tech stocks at record pace
Retail investors sold $316 million of US-listed tech stocks on Wednesday, the largest single-day outflow on record, capping a three-day selling streak that dwarfed even pandemic-era exits.
US Job Growth Expected to Hold Steady in July at 95K
The US labor market likely remained little changed in July, with nonfarm payrolls forecast to rise by 95K, matching the average pace of the first half of 2024.
Insider Buying Ratio Sinks to 21-Year Low, Signaling Executive Caution
Only 14.8% of US companies recorded more insider purchases than sales in July, the lowest share in at least 21 years, as broad-based caution grips corporate suites.
WTI Oil recovers above $83 ahead of OPEC meeting
WTI crude oil traded higher on Friday, rising 0.76% to around $83.30 after a sharp intraday rebound, as markets looked to the upcoming OPEC gathering.
US 30-Year Yield Hits 5.27%, Highest Since June 2007
The US 30-year Treasury yield rose to 5.27%, the highest since June 2007, marking a 450-basis-point increase from its 2020 low. Fed Chair Warsh insists markets should operate independently, even as yields climb.
Aluminium Prices Set to Rise on Supply Tightness, Commerzbank Says
Commerzbank’s Norman Liebke notes China’s July trade data will be key for base metals, with first-half aluminium output exceeding the official cap and likely forcing production cuts later this year.
ING Economists Expect RBI to Hold Repo Rate at 5.25%
Economists at ING anticipate the Reserve Bank of India will leave the repo rate unchanged at 5.25% this week. June headline inflation rose on fuel costs, but core inflation remained subdued.
U.S. Strategic Petroleum Reserve Drops to 308 Million Barrels, Lowest Since 1983
The SPR fell 3.8 million barrels last week, marking an 18th straight weekly decline and bringing reserves to their lowest in over four decades. Commercial crude stocks also hit multi-year lows.
Gold Tops $4,100 on Dovish Fed Repricing, Commerzbank Says
Gold surged past $4,100 after the Fed meeting as traders pared rate hike bets, but futures still point to further tightening amid sticky inflation, Commerzbank notes.
Commerzbank: Brent Crude Remains Elevated on Middle East Tensions
Commerzbank analysts say Brent crude prices are staying high as Middle East tensions and shipping disruptions through key chokepoints persist.
Novo Nordisk: ZEUS Outcome Won't Affect 2026 Profit Outlook
Novo Nordisk says the ZEUS trial outcome will not alter its previously communicated adjusted operating profit guidance for 2026, though it will lead to a non-cash impairment charge in Q3 2026.
Eurozone July Inflation Rebounds, Pressuring ECB as Oil Prices Surge
A rebound in Eurozone inflation in July, driven by the Iran conflict and a more than 20% monthly oil price surge, halted disinflation and may force the ECB to raise rates further.
China Growth Stumbles Again as PMIs Slip Into Contraction, Rabobank Warns
Rabobank strategists note that China's official PMIs slipped back into contraction in both manufacturing and services, with soft domestic demand persisting. Policymakers are focused on speeding up existing stimulus rather than launching new measures.