Market news
Crypto, stocks, forex and macro, aggregated for traders.
TD Securities: BEA PCE Methodology Tweaks Seen as Marginal
TD Securities economists Eli Nir and Oscar Munoz assess upcoming BEA methodology changes to the PCE Price Index, covering portfolio management, legal services, and computer software, and view the adjustments as marginal.
WTI crude oil surges over 5% amid Middle East supply fears
West Texas Intermediate crude oil rallied more than 5% on Thursday, reaching around $90.35 per barrel, its highest level since June, as rising tensions in the Middle East deepen supply risks.
ECB Signals Further Tightening, Nordea Sees Rate to 3% by March
Nordea strategists note the ECB kept its deposit rate at 2.25% but signaled further tightening, forecasting three more 25bp hikes at a quarterly pace to reach 3% by March.
US 10-Year Yield Tops 4.70% for First Time Since Jan 2025
The yield on the US 10-year Treasury note surpassed 4.70%, breaking above the previous peak set on 'Liberation Day' in April 2025 and reaching a new 52-week high.
US 10-Year Yield Surges Above 4.70%, First Time Since January 2025
The US 10-year note yield has risen above 4.70%, the highest level since January 2025, surpassing the April 2025 'Liberation Day' high. The bond market signals increasing pressure.
US Indices Drop Sharply at Open: Nasdaq -1.75%, S&P 500 -1.14%, Dow -1.15%
Major U.S. stock indices fell at the opening bell, with the Nasdaq dropping 1.75%, the S&P 500 losing 1.14%, and the Dow Jones declining 1.15%.
ECB Leaves Rates Unchanged, Lagarde Addresses Hike Questions
ECB President Christine Lagarde explained the decision to hold rates steady at the July meeting and acknowledged that some policymakers had asked about a potential rate hike.
Brent Crude Surpasses $100, Up 42% in 20 Days
Brent crude oil prices have officially broken above $100 per barrel, surging 42% over the past 20 days, as inflation expectations and interest rates rise sharply.
The5ers Founder Highlights "True Native Engineering" Behind Its TradingView Integration
The prop firm embedded TradingView's execution engine directly into its proprietary hub, citing trader demand. Founder Gil Ben Hur says the move removes software friction and kicks off a broader technology roadmap.
Lagarde: Indicators Suggest Economic Activity Will Remain Modest
ECB President Christine Lagarde said after the July policy meeting that economic indicators point to continuing modest activity, as the central bank left key interest rates unchanged.
Trump Says US Will Hold Iran Responsible for Houthi Strikes on Saudi Vessels
President Trump announced that the United States will hold Iran accountable for recent Houthi attacks on two Saudi Arabian vessels in the Red Sea.
Brent Surges into High $90s on Geopolitical Shock – BNY
BNY highlights that Brent crude has climbed into the high $90s as Houthi attacks and U.S.-Iran escalation raise disruption risks around the Strait of Hormuz and Red Sea. Bond markets are treating the move as an inflation shock, driving yields higher and tightening financial conditions.
US Initial Jobless Claims Drop to 187K, Below Expectations
The US Department of Labor reported 187,000 initial jobless claims for the week ending July 18, significantly below the expected 212,000 and down from the prior week's 209,000.
Trump says Saudi nuclear deal conditional on joining Abraham Accords
President Trump announced that a civil nuclear cooperation deal between the U.S. Department of Energy and Saudi Arabia, limited to non-military uses, will be approved—but only if Saudi Arabia joins the Abraham Accords.
Lockheed Martin Q2 2026: EPS $7.94 beats estimates, raises full-year guidance
Lockheed Martin reported Q2 2026 earnings per share of $7.94, up from $1.46 a year ago, exceeding estimates. Revenue of $20.06 billion beat the $19.33 billion consensus, and the company raised its full-year outlook.
Oil and Rates Surge on Iran Tensions; ECB Holds Steady
Oil prices and bond yields rise as the Iran conflict escalates, while European equities are mixed with AI capex concerns weighing on sentiment. The ECB is expected to keep rates unchanged, with markets eyeing September.
Societe Generale: Oil Price Surge Poses Risks to ECB Policy Path
Societe Generale strategists warn that rising oil and natural gas prices since June are creating risks for the European Central Bank's policy path, reversing optimism after a US-Iran agreement.
Alexander Aremefe Discusses Future of Work in ForkLog Article
In a new ForkLog piece, crypto polymath Alexander Aremefe examines how traditional education prepares workers for a system being disrupted by AI and automation.
Advanced Economies Q2 Growth Resilient Despite Multiple Shocks
GDP nowcasts for the Eurozone, France, Germany, and the US indicate growth returned to its trend rate in the second quarter, even as shocks accumulate. Official figures are due on July 30.
Gold Rally Capped by Rate Risks – TD Securities
TD Securities' Bart Melek notes gold rebounded on dip buying and short covering after key technical support held, but the rally faces headwinds from rate risks.
Rubio Warns of Intensified Military Attacks on Iran
US Secretary of State Marco Rubio has warned that military strikes against Iran could escalate further, citing Tehran's unwillingness to negotiate.
Rabobank Warns Brent Could Surge Above $95.5 on Middle East Tensions
Rabobank strategist Michael Every warns that escalating conflict around the Strait of Hormuz and the Red Sea could push Brent crude above its current $95.5 level and widen crack spreads.
Asia-Pacific Shares Rise on Tech Capex Optimism; Yen Weakens, Aussie Jobs Beat in Focus
Asian stocks advanced, led by South Korea's KOSPI, as major US tech companies' capital expenditure plans boosted chipmakers. The yen remained under pressure while traders await the European Central Bank decision and digest a stronger-than-expected Australian employment report.
MUFG Warns of Oil Supply Risks as US-Iran Tensions Escalate
Lloyd Chan at MUFG warns that escalating US-Iran tensions threaten energy infrastructure and shipping routes through the Strait of Hormuz and Bab el-Mandeb.