Market news
Crypto, stocks, forex and macro, aggregated for traders.
US S&P Global Composite PMI Rises to 53.6 in July
The S&P Global Composite PMI improved to 53.6 in July from 51.9 in June, indicating faster expansion in US private sector activity.
WTI Eases on Profit-Taking After 6% Surge, Middle East Tensions Limit Losses
West Texas Intermediate crude oil edged lower on Friday as traders booked profits following a 6% rally, but escalating conflict in the Middle East is underpinning prices due to supply risks near key shipping routes.
US Stocks Open Mixed: S&P 500, Dow Up; Nasdaq Down
U.S. stock indexes showed mixed results at market open. The S&P 500 rose 3.41 points (0.05%) to 7,411.71, the Dow Jones gained 101.85 points (0.20%) to 51,813.50, while the Nasdaq fell 27.86 points (0.11%) to 25,109.83.
Oracle Credit Risk Surges: CDS Hit Record, Downgraded to BBB-
Oracle's credit default swaps have quadrupled since mid-2025 to a record ~203 bps, surpassing the 2008 crisis peak. S&P downgraded Oracle to BBB-, one notch above junk, citing AI spending.
BoE Expected to Hold Rate at 3.75% in July, Reuters Poll Shows
A Reuters poll of 70 economists indicates the Bank of England will keep its key interest rate unchanged at 3.75% at its July 30 meeting, with no respondents expecting a change.
Oil Tanker Torm Innovation Reroutes via Suez Canal on Security Concerns
The oil tanker Torm Innovation has changed its route to pass through the Suez Canal instead of the southern Red Sea due to security issues. After leaving Suez, it will head to Asia via southern Africa.
Silver Rebound Targets $60 as Weekly Gain Holds Near $57.76
Silver is trading near $57.76, on track for a weekly gain of about 3.4% despite a sharp 3.4% decline on Thursday. The recovery is keeping the metal in contention for a move toward $60.
FOMC Preview: Fed Expected to Hold Rates After June Hawkish Shift
The Federal Reserve is expected to maintain its current policy stance following June's hawkish shift, despite recent oil price surges, as June inflation came in below forecasts and labor data softened.
Commerzbank: Fed to Hold Rates, May Weigh Hikes on Sticky Inflation
Commerzbank economist Bernd Weidensteiner expects the Federal Reserve to keep its policy rate at 3.50%–3.75% at the next meeting, while noting that the central bank could debate further hikes if inflation does not moderate.
ECB's Simkus Says Rate Hike Probability Higher Than Hold
ECB Governing Council member Gediminas Simkus stated that the likelihood of an interest rate hike in the near term exceeds that of maintaining the current rate, signaling a hawkish stance.
US S&P Global PMI to Show Steady Business Growth in July
S&P Global will release the July flash Purchasing Managers' Indices on Friday, expected to indicate steady US business growth.
Fed, BoE, BoJ Face Inflation Test as Markets Reprice Rate Paths
The US dollar strengthened against major peers this week amid rising Middle East tensions and fresh US tariffs. Next week, the Fed, BoE, and BoJ face key inflation data that could shift rate expectations.
UK Services PMI Returns to Growth in July at 51.8
The UK S&P Global Services PMI rose to 51.8 in July, signaling a return to expansion after a contraction in June.
Gold Pressured by Oil-Led Inflation Fears, Says ING
ING analysts report that gold faces headwinds as rising oil prices stoke inflation concerns, pushing yields and the US dollar higher.
Eurozone Flash Manufacturing PMI Beats Expectations at 52.0 in July
The Eurozone's preliminary HCOB Manufacturing PMI rose to 52.0 in July, exceeding both the previous month's 51.4 and market forecasts.
Iran's Hormuz Closure Cuts Non-Oil Trade With China by 75%
Chinese customs data reveals Iran's non-oil exports to China plunged 75% year-on-year between March and June 2026, while oil shipments also dropped sharply amid the Strait of Hormuz closure.
Brent Crude Surges Above $100 on Geopolitical Risks
Brent crude oil has risen above $100 per barrel for the first time since May, driven by escalating US-Iran tensions and Houthi attacks on Red Sea shipping, according to UOB Global Economics & Markets Research.
Germany's Flash Manufacturing PMJumps to 52.2, Beating Estimates
Germany's flash manufacturing PMI rose unexpectedly to 52.2 in July, surpassing the 50.1 forecast. The composite PMI also returned to expansion territory at 51.2.
US Missile Strike Damages IRGC Naval Base in Northern Iran
A US missile attack damaged equipment at an Islamic Revolutionary Guard Corps naval base on Iran's Caspian Sea coast, according to a provincial official. No casualties have been reported.
S&P 500 Worst Day of July on Big Tech Spending Concerns
The S&P 500 suffered its worst session in July as earnings from two Big Tech hyperscalers failed to reassure investors, with spending and free cash flow issues overshadowing otherwise solid results.
Gold Retreats as Oil Spike Above $100, Analysts Say Risks Are Two-Way
Gold has fallen back toward $4,040-4,050 after briefly trading above $4,160, driven by Brent crude's surge past $100 and a stronger dollar and higher yields, according to OCBC analysts.
Brent Crude Above $100 as Geopolitical Risks Mount
ING analysts note that Brent crude has broken above $100 per barrel amid escalating Middle East tensions, threats to the Strait of Hormuz and Red Sea shipping, and supply disruptions from Kazakhstan.
WTI Falls to Near $90.00, Bullish Structure Remains Intact
West Texas Intermediate crude oil slipped to around $90.05 during early European trading on Friday as traders booked profits, yet the bullish technical structure remains intact.
EU Renewable Energy Share Hits 26.2% in 2025, Doubling Since 2010
Provisional data shows the EU's renewable energy share reached 26.2% in 2025, roughly double the 2010 level, with significant gaps between member states.