Market news
Crypto, stocks, forex and macro, aggregated for traders.
U.S. Margin Debt Hits Record $1.5 Trillion as Leverage Surges
U.S. margin debt reached an all-time high of $1.5 trillion in June, up 49% year-on-year, as leverage relative to GDP exceeded dot-com era peaks and fueled concerns over market stability.
Japan Cuts US Treasury Holdings by $96 Billion in Three Months
Japan’s holdings of US Treasuries dropped $96 billion over three months to $1.14 trillion, the lowest since April 2025, signaling reduced demand from one of America’s top foreign creditors.
US Corporate Insiders Ramp Up Share Sales in First Half of 2026
U.S. corporate executives sold $77.6 billion in shares during H1 2026, a 20% rise from a year ago and the highest first-half total since 2021. The surge comes as equity valuations remain elevated, prompting debate over whether insiders are taking profits or signaling caution.
Private Credit Funds Hit by Redemption Wave, Liquidity Fears
Redemption requests spiked at major private credit funds in Q2 2026, with Blackstone’s $45 billion BCRED reaching its 5% quarterly cap for the first time. The pressure, also seen at Apollo and others, has hit investor confidence and slashed new fundraising.
Chinese AI Models Surpass U.S. in OpenRouter Usage for First Time
Chinese AI models now account for approximately 58% of AI token usage by U.S. firms on OpenRouter, overtaking U.S. models for the first time, highlighting the rise of platforms like DeepSeek and Qwen.
Net Credit Balances Hit Record -$1.06 Trillion in June
Net credit balances dropped $70 billion in June to a record -$1.06 trillion, as margin debt swelled to an all-time high of $1.50 trillion, signaling unprecedented investor risk appetite.
Money Supply Growth Outpaces GDP Across G7 Economies
The gap between money creation and economic output is widening, with Canada’s M2 money supply up 368% since 2004 while its economy grew just 159%.
US Stocks Mixed: Dow Edges Up, S&P 500 and Nasdaq Slip
Major US equity indices closed mixed on Tuesday, with the Dow Jones Industrial Average inching higher while the S&P 500 and Nasdaq Composite ended slightly lower.
Central Banks to Steer Markets: Fed, BoE and BoJ Decisions Loom
Monetary policy announcements from the Federal Reserve, Bank of England and Bank of Japan will dominate the economic calendar next week, setting the tone for global rates and FX markets.
US Data Center Power Demand to Surge 253% by 2035 to 194 GW
US data center electricity consumption is projected to jump 253% from 2026 levels to a record 194 gigawatts by 2035, claiming roughly 20% of national power use.
Trump Presses Senate to Pass Budget Resolution Before August Recess
President Trump thanked House Republicans for advancing a budget bill and urged the Senate to adopt a budget resolution before the August recess, calling it one of the most consequential bills in American history.
Trump Launches 301 Probe Into EU Trade Practices, Threatens Substantial Tariff
The United States has opened a Section 301 investigation into EU actions that President Trump described as “robbing” American companies, with a substantial tariff expected soon.
Trump Orders 301 Probe, Threatens Tariffs on EU Over Fines on US Tech
President Trump announced a Section 301 investigation and threatened substantial tariffs on the European Union, citing billions in fines on Apple, Meta, Amazon, and Google.
Trump Threatens Tariffs, Launches 301 Probe Over EU Fines on US Tech Giants
President Trump says the EU has unjustly fined Apple, Meta, Amazon, and Google over $21 billion combined, and vows retaliation via a Section 301 investigation and potential tariffs.
US equity ETFs attract record $880bn in inflows year-to-date
Investors have poured $880 billion into US equity ETFs so far this year, already exceeding every full-year total except the 2025 record. Current inflows are more than double the same point in 2021 and 2025, setting the stage for an unprecedented annual haul.
Trump: U.S. Secures 50% of Gordie Howe Bridge Profits After Deal Revamp
President Trump announced the U.S. will claim half of the profits from the Gordie Howe International Bridge following a renegotiation of the original deal.
UAE Provided Intel and Air Cover for Recent Airstrikes on Iran, WSJ Says
The United Arab Emirates supplied intelligence and defensive air cover for airstrikes early this month that targeted Iranian drone and missile storage depots, according to sources cited by The Wall Street Journal.
Falling Oil Prices Provide Temporary Stock Relief, Gloom Likely Next Week
Stocks recovered slightly on the back of falling oil prices, but the reprieve is expected to be short-lived, with gloomy sentiment likely to return next week.
Trump Claims Xi and Putin Pledged Not to Sell Weapons to Iran
Former President Donald Trump stated on Truth Social that Chinese President Xi Jinping and Russian President Vladimir Putin each told him they would not sell weapons to Iran.
AI Trade Diverges: Correlation Between CapEx Spenders and Semiconductors Near Zero
The 30-day correlation between top US CapEx spenders and the semiconductor index (SOX) has dropped to near zero, the lowest in over four years, marking a sharp shift from the +0.78 peak in April. The divergence signals that investors are now treating AI infrastructure builders and chipmakers as separate trades.
Netanyahu to Visit Washington Next Week, Meet Trump and Attend Graham Funeral
Israeli Prime Minister Benjamin Netanyahu will depart for Washington next Monday at President Trump’s invitation, meeting with Trump on Tuesday and attending the funeral of Senator Lindsey Graham.
BoE to Hold at 3.75% Amid Rising Energy Risks – Rabobank
Rabobank strategist Stefan Koopman expects the Bank of England to keep Bank Rate at 3.75% on 30 July and unchanged through 2026, citing rising energy risks.
US Composite PMI Rises to 53.6 in July (Preliminary)
The S&P Global Composite PMI improved to 53.6 in July from 51.9, signaling accelerating expansion in U.S. private-sector business activity.
US S&P Global Composite PMI Rises to 53.6 in July
The preliminary S&P Global Composite PMI for the US came in at 53.6 in July, up from June's 51.9, indicating accelerating business activity in the private sector.