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Key Macro Events This Week: Jobs, ISM, and Strait of Hormuz
This week features several important US economic releases, including JOLTS, consumer confidence, ISM manufacturing PMI, and the June jobs report. Markets will also react to the Strait of Hormuz strikes, with US markets closed on Friday for July 4th.
Iraq's Federal Integrity Commission enforces arrest warrants for public fund violations
The Federal Integrity Commission of Iraq announced it is directly executing firm measures to enforce judicial arrest warrants against defendants accused of misusing public funds.
Iran Sets Lebanon Sovereignty as Condition for Ceasefire Agreement
Iran's foreign ministry stated that ensuring Lebanon's sovereignty and territorial unity is essential for any sustainable agreement to end the war and occupation.
Arab League Condemns Iranian Aggression Against Bahrain and Kuwait
The Secretary-General of the League of Arab States has condemned ongoing Iranian aggressions against Bahrain and Kuwait, calling for an immediate halt to all hostile actions.
GCC Secretary General Condemns Iranian Attacks on Bahrain and Kuwait
The Gulf Cooperation Council's top official strongly condemned Iranian attacks on Bahrain and Kuwait, calling them a flagrant violation of sovereignty.
Iran Warns of Proportionate Response to US Actions
An Iranian parliamentary official stated that any US military or political action will be met with a proportionate response and will not go unanswered.
Iran Warns US on Ceasefire, Strait Authority
Iranian official Azizi asserts continued authority over a strategic passage and warns the US that any breach of commitments or the ceasefire will face a decisive response.
Iran IRGC Navy Warns Ships Must Follow Designated Routes
An IRGC Navy commander stated that the force identifies and guides vessels entering the area, warning that any movement outside designated routes would not be safe.
Iran: Foreign Vessels Must Use Designated Routes in Strait of Hormuz
Iran's parliament national security committee head stated that foreign vessels must use routes designated by the armed forces in the Strait of Hormuz, prohibiting any alternate paths.
France Records ~1,000 Excess Deaths from Record Heatwave
French health authorities report approximately 1,000 excess deaths linked to the ongoing heatwave since June 24, with temperatures exceeding 40°C straining hospitals and emergency services.
Schwab Strategist Says Fed Rate Hike Odds Rise After June Meeting
Collin Martin of the Schwab Center for Financial Research expects inflation to remain sticky and the Fed to stay patient, but notes a rate hike has become slightly more likely following the June FOMC meeting and a fresh hot inflation reading.
Sydney Auction Clearance Rate Hits Six-Year Low as Rates, Tax Changes Bite
Sydney's weekend home auction clearance rate fell to its weakest level in over six years, driven by higher interest rates and property tax changes that are cooling the market after a prolonged boom.
Iran IRGC Navy Threatens Retaliation After US Strikes on Sirik
The IRGC Navy issued a statement warning that its strikes on violators serve as a clear reminder of safe passage routes, and that American bases in the region will 'experience hell' in the coming days.
Biden Accuses Trump of Profiting from Presidency
Former President Joe Biden criticized Donald Trump for making billions of dollars since returning to the White House, calling it shameful and embarrassing.
Iraqi forces raid Baghdad's Green Zone, target politicians
Iraqi security forces conducted raids in Baghdad's heavily fortified Green Zone on Sunday, targeting several politicians. No official confirmations of names or arrests have been made.
Iran Condemns US Airstrikes on Southern Coastal Areas
Iran's Foreign Ministry issued a strong condemnation of recent US airstrikes on its southern coastal areas, calling the attacks a breach of a memorandum of understanding.
Iran Accuses US of Breaking Ceasefire with Southern Coast Strikes
Iran's Foreign Ministry condemned U.S. airstrikes on coastal monitoring facilities, calling them a violation of the June 18 interim agreement and the UN Charter. Tehran accuses Washington of breaching commitments and says the strikes show the U.S. cannot be trusted to uphold ceasefires.
US Strikes Iran Again After Hormuz Air Defenses Rebuilt
A senior U.S. defense official reported that Iran has rebuilt parts of its air defense and missile network along the Strait of Hormuz since the April 7 ceasefire, prompting fresh U.S. strikes on Qeshm Island and Sirik.
US Aims for McDonald’s Model in Missile Production to Boost Speed, Scale
The United States is adopting a standardized, mass-production approach to missile manufacturing, modeled after McDonald’s operating system, to accelerate output and cut costs amid global security pressures.
Iran Links Strait of Hormuz Tensions to Transit Fees, US Rejects Narrative
A top Iranian military adviser says the current escalation is about control and transit fees in the Strait of Hormuz, but the White House has dismissed that claim, highlighting deepening disagreement between the two sides.
Iranian Op-Ed: Lebanon-Israel Framework Risks Civil War
An Iranian commentary argues that the U.S.-brokered framework linking Israeli withdrawal to Hezbollah's disarmament undermines Lebanese sovereignty and risks triggering internal conflict or civil war.
HSBC Survey: 62% of Investors Still Trust Human Advisers Over AI for Final Decisions
An HSBC survey of roughly 10,000 affluent and high-net-worth investors across 10 markets finds that 62% continue to rely on financial advisers and institutions for final investment decisions, despite growing AI use in preliminary research.
Zhipu AI Model Matches Claude Mythos in Security Vulnerability Detection
Zhipu AI's new model reportedly matches Anthropic's Claude Mythos in detecting security bugs, highlighting increased competition in AI cybersecurity.
1 in 3 Employers Replacing Entry-Level Jobs With AI: Fortune Report
According to a Fortune report, one in three employers say they are replacing entry-level positions with AI, highlighting AI's growing impact on junior roles.