Market news
Crypto, stocks, forex and macro, aggregated for traders.
Google Warns EU Digital Markets Act Could Increase Fraud and Privacy Risks
Google security managers warned that certain provisions of the EU's Digital Markets Act (DMA) could lead to increased fraud and privacy risks for European users.
US Drafts Ban on Foreign Energy Inverters Over China Cybersecurity Fears
The Trump administration is reportedly drafting a ban on foreign-made energy inverters, citing cybersecurity concerns linked to China. Enphase Energy is highlighted as the largest US-listed beneficiary.
Japanese Retail Margin Buying Reaches 30-Year High on Tokyo Stock Exchange
Margin buying on the Tokyo Stock Exchange surged to about ¥6.5 trillion ($40 billion), hitting levels not seen since 1994. The margin ratio rose to 6–8, well above the 10-year average of 4, signaling aggressive bullish positioning among Japanese retail investors.
Prediction Markets See 70% Odds Bitcoin Falls Below $50K This Year
Prediction markets now imply roughly 70% probability that Bitcoin will drop below $50,000 before year-end, driven by deteriorating macro conditions, ETF outflows, institutional selling, and rising demand for downside hedges.
Extreme Heat, Wildfires Affect 162M Americans in 35 States
Over 162 million people across 35 U.S. states are under extreme heat warnings as more than 50 major wildfires rage in the West. Temperatures are expected to rise through the week, raising risks of records and poor air quality ahead of the July 4 holiday.
Brent Crude Falls 40% from March Highs, Back to Pre-Conflict Levels
Oil prices have returned to levels seen before the Middle East conflict began, with Brent crude falling almost 40% from its March highs. The decline is attributed to increased supply from the Persian Gulf region.
Czech GDP Growth Confirmed at 2.2%, Consumption and Investment Revised Down
Czech real GDP growth was confirmed at 2.2%, with downward revisions to private consumption and fixed investment dynamics. Solid incomes may support consumer spending, but labor market difficulties pose challenges.
Gold set for biggest quarterly drop in 13 years, says Commerzbank
Gold briefly dipped below $4,000 per troy ounce before bargain buying emerged, but the metal is still heading for its largest quarterly drop in 13 years and a steep monthly loss, according to Commerzbank's Carsten Fritsch.
WTI Oil Steadies Around $70.00 as Markets Bet on Negotiated End to Iran Conflict
WTI crude holds near $70.00 for a second straight session, with traders pricing in a potential diplomatic resolution to tensions with Iran.
Qatar: $6B Iranian Frozen Funds Not Yet Transferred, for Humanitarian Goods
Qatar's foreign ministry spokesperson said the $6 billion in frozen Iranian funds have not been transferred to Iran, remaining subject to a 2023 agreement that earmarks them for humanitarian purchases.
Qatar Says $6 Billion Iranian Frozen Funds Not Transferred Yet
Qatar's foreign ministry stated that the $6 billion in frozen Iranian funds have not been transferred and remain subject to a 2023 agreement for humanitarian goods.
Kushner, Witkoff to Visit Qatar for Mediator Talks; No US-Iran Meeting Planned
Qatar's foreign ministry stated that Steve Witkoff and Jared Kushner will travel to Qatar to engage with mediators on negotiations, while confirming no high-level US-Iran meeting is scheduled.
UK PM Starmer: Defence Spending to Reach £80bn per Year by 2029
UK Prime Minister Starmer announced defence spending will rise to £80 billion annually by 2029, increasing to 2.7% of GDP with a trajectory to 3% in the next parliament. Non-military spending will be cut to fund the increase.
BoJ's Sato: Middle East De-escalation Welcome but Uncertainty Remains
Newly appointed Bank of Japan board member Ayano Sato said the de-escalation of the Middle East conflict is welcome for the economy, but uncertainty persists.
Gold Falls Below $4,000, Hits 8-Month Low on Fed, Geopolitics
Gold prices dropped below $4,000 per troy ounce on Tuesday, reaching an eight-month low amid expectations of further Fed tightening and Middle East uncertainty.
ECB's Wunsch: Another Rate Hike May Be Needed
European Central Bank policymaker Pierre Wunsch indicated that inflationary pressures in the eurozone could stay above the 2% target for several quarters, suggesting the ECB might need to raise rates again.
BNY Analysts: Fed May Adjust Reserve Management Purchases as Comfort with System Reserves Grows
BNY Markets analysts John Velis and David Tam flag new qualifying language in the Fed's stance, suggesting the FOMC is more comfortable with current system reserve levels and could adjust reserve management purchases accordingly.
ECB's Lane: Oil Prices to Stay Above Pre-War Levels Through 2028
European Central Bank chief economist Philip Lane said oil prices are expected to remain above pre-Ukraine war levels through 2027-2028, reflecting persistent supply-side pressures.
Macro Transmission Returns to Growth-Led Narrative on Strong US, Australian Data
The macro transmission chain shifted back toward a growth-led narrative last week, supported by stronger US activity data and resilient Australian labor indicators. Inflation signals remained mixed, with softer Australian CPI contrasting with firmer Canadian inflation.
WTI Crude Holds Near $70 as US-Iran Talks and OPEC Tensions Weigh
West Texas Intermediate crude oil stalls around $70.10 per barrel as traders assess potential US-Iran negotiations in Doha and ongoing OPEC discord, keeping prices under pressure.
Easing Oil Prices Ahead of Flash Inflation in Central Europe
Oil prices are easing as markets await June flash inflation estimates from Poland and Slovenia today, followed by euro area data. The developments could influence monetary policy expectations in the region.
Gold hits fresh YTD low as USD strengthens on geopolitics, Fed bets
Gold (XAU/USD) extended its decline for a second day, touching a new year-to-date low near $3,942-$3,943 during Asian trading, pressured by a stronger USD amid US-Iran tensions and expectations of further Federal Reserve rate hikes.
G10 Excess Liquidity Indicator Turns Negative for First Time Since 2021
The G10 Excess Liquidity Leading Indicator has turned negative for the first time since the 2021 inflation shock, historically leading the S&P 500 by roughly six months and signaling potential downside for U.S. equities.
China's Manufacturing PMI Beats Expectations, Rising to 50.3 in June
China's official Manufacturing PMI rose to 50.3 in June, above the expected 50.1, signaling expansion. The stronger data may provide support for the Australian Dollar due to close trade ties.