Market news
Crypto, stocks, forex and macro, aggregated for traders.
India Q1 2026 GDP Nowcast Dips to 7.8% YoY, DBS Says
DBS Senior Economist Radhika Rao notes that India's real GDP grew 7.8% year-on-year in the first quarter of 2026, slightly below the previous quarter's revised 8.0% expansion, indicating a slower pace of growth.
Brent Oil Falls, Signals Bearish Continuation Below $73 Support
Brent crude weakened on Wednesday, approaching a close below the key Fibonacci support level at $73.04, marking a potential bearish continuation after repeated failures to hold above that level.
US Entry-Level Job Market at Weakest in 37 Years
The U.S. entry-level job market has hit its lowest point in 37 years, reflecting a sharp slowdown in hiring for new graduates and early-career workers as companies remain cautious.
Nearly 90% of Americans Under 40 Say Home Buying Harder Than Parents' Generation
A Yahoo Finance survey shows 89% of Americans under 40 believe buying a home today is more difficult than it was for their parents, highlighting persistent affordability issues from high prices, elevated mortgage rates, and rising living costs.
Hedge Funds Slash US Equity Exposure to Record Low -20%
Hedge fund exposure to US stocks relative to the MSCI ACWI Index dropped to -20%, a record low, from 0% at end-2023, signaling extreme caution.
BofA Warns US Tech, Semiconductors Show Bubble-Like Conditions
Bank of America's Bubble Risk Indicator hit record highs for the US Semiconductor sector (0.91), Technology sector (0.82), and Nasdaq 100 (0.75), more than tripling since March. BofA says positioning, sentiment, and valuations approach dot-com bubble extremes.
Eurozone Inflation at 2.8% in June; Core Eases to 2.4% – Commerzbank
Eurozone inflation fell to 2.8% in June, with core inflation dropping to 2.4%, according to Commerzbank. The bank warns that price pressures keep the ECB on alert, expecting overall inflation to remain near 3%.
US ISM Manufacturing PMI Falls to 53.3 in June, Below Expectations
The US ISM Manufacturing PMI dropped to 53.3 in June, down from both the previous month's reading and analyst expectations.
US Dollar Long Positioning Hits 18-Month High, Crowded Trade Risk
Speculative long positioning in the US dollar surged to $34.3 billion as of June 23rd, the highest in 18 months, while bearish yen positions near multi-year highs. The data suggests the trade may be overcrowded and due for a reversal.
Fed Chair Warsh: Not Happy with Inflation Above 2%, No Forward Guidance
Federal Reserve Chairman Kevin Warsh said the central bank is not satisfied with inflation above 2% and reiterated that it will not provide forward guidance on policy. He spoke at a panel at the ECB Forum on Central Banking.
Previewing NFP as Fed Shifts to Data-Dependent Approach
A preview of tomorrow's Canadian NFP release highlights the number's heightened importance as the Fed transitions to a data-dependent framework to rebuild credibility.
OCBC Cuts Gold, Silver Forecasts but Maintains Constructive Outlook
OCBC analysts lowered their end-2026 forecasts for gold and silver due to higher real yields, a stronger USD, and slower ETF inflows, yet they still see a constructive case for the metals.
Fed Chair Warsh: US Will Be Big Winner in AI
Federal Reserve Chair Kevin Warsh said the US will be a big winner in AI, while reiterating he will not give forward guidance on policy during a panel at the ECB Forum on Central Banking 2026.
AI Researchers Propose Banning Powerful GPUs to Prevent Catastrophe
A new book by Eliezer Yudkowsky and Nate Soares argues that powerful GPUs should be outlawed and that any country building a large data center in defiance should be struck preemptively, even at risk of nuclear retaliation.
US Lifts Export Restrictions on Anthropic's Claude Fable 5 and Mythos 5
The US Department of Commerce has removed export restrictions on Anthropic's Claude Fable 5 and Claude Mythos 5 models. Fable 5 will be released globally on July 1 with a new safety classifier.
Euro Area Inflation Dips, Easing ECB Pressure – Nordea
Nordea analysts report that lower-than-expected Euro-area inflation in June reduces pressure on the ECB, supporting a wait-and-see stance for July.
US Challenger Job Cuts Drop 53% in June to 45,849
US employers announced 45,849 job cuts in June, down 53% from May's 97,006, according to Challenger, Gray & Christmas.
TD Securities: US ISM Manufacturing to Edge Down, JOLTS Elevated
TD Securities strategists expect the June ISM Manufacturing index to decline slightly, while JOLTS job openings remain elevated. The data will shape the US dollar outlook.
Iran Insists on Hormuz Control, Shoots at Ships
Senior Iranian sources say Iran will not discuss other issues in peace talks until control of the Strait of Hormuz is agreed. Iran may resume charging ships to pass in mid-August and shot at four ships over the weekend.
HSBC: Gold Range-Bound Near Term, Upside Later
HSBC analysts Willem Sels and Lucia Ku note that gold has failed to rally amid the Middle East conflict and traded lower after a recent record high. They see near-term range-bound action but anticipate upside later.
Oil Calms, but Upside Potential Remains
The oil market is no longer panicking over every headline, but the upside trade hasn't disappeared despite the calm.
Netanyahu Says Third Confrontation With Iran Possible If Necessary
Israeli Prime Minister Benjamin Netanyahu stated that a third military confrontation with Iran could occur 'if necessary,' according to a report from The Times of Israel on Wednesday.
Copper Gains as Markets Watch US-Iran Talks and Fed Focus – ING
ING’s commodities team reports industrial metals, led by copper, rose as markets monitored US-Iran talks and shipping risks, while aluminum remained under pressure.
Brent Ends Q2 Sharply Lower on Supply Recovery Fears – ING
ING analysts note that ICE Brent ended the second quarter sharply lower as markets price a recovery in Persian Gulf supply and record US output.