Market news
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Iran Says Tanker Hit in Strait of Hormuz Ignored Warnings
Iran's state broadcaster IRIB reported that a tanker was hit in the Strait of Hormuz after ignoring repeated warnings, citing anonymous sources. Officials have not confirmed the report.
NATO to Unveil $10B+ Arms Deals in Ankara Ahead of Trump Summit
NATO leaders plan to announce arms deals worth tens of billions of dollars in Ankara on July 7, aiming to demonstrate increased defense spending ahead of a summit with President Trump.
WTI Rises Above $69.00 as Iran Strikes Commercial Vessels in Hormuz
West Texas Intermediate (WTI) oil price gained ground to around $69.20 per barrel during Asian hours on Tuesday, boosted by renewed geopolitical tensions in the Strait of Hormuz after Iran struck commercial vessels.
Japan Economy Minister Denies Government Push for Ultra-Low Rates
Japan's Economy Minister Ryosei Kiuchi stated the government is not seeking ultra-low interest rates, reaffirming respect for Bank of Japan independence and hinting at possible policy normalization if economic conditions permit.
Iran Fires Missiles at Commercial Ships in Strait of Hormuz
Iran fired at least two missiles at commercial ships transiting the Strait of Hormuz, according to a US official cited by Axios and Bloomberg.
South Korea Stocks Shed $170B as KOSPI Falls 4%
South Korea's KOSPI plunged about 4%, wiping out over $170 billion in market value, led by Samsung Electronics despite better-than-expected Q2 earnings.
Russell 2000 Interest Expense Hits 31% of EBITDA, Highest in 6 Years
Interest expense now accounts for 31% of EBITDA among Russell 2000 companies, the highest level in at least six years, more than doubling since 2020. In contrast, S&P 500 firms carry interest equal to 6.7% of EBITDA, down from 9.5% in 2020.
E8 Markets Launches One-Step Zero Account
E8 Markets launched E8 Zero, a one-step evaluation account that eliminates the consistency rule and trailing drawdown in favor of a 6% profit target with a static 3% loss limit.
NinjaTrader Group Appoints First Chief Innovation & AI Officer and New Chief Product Officer
NinjaTrader Group named Brian Weis as its first Chief Innovation & AI Officer, tasked with AI agent development, Model Context Protocol work and prediction markets, and hired Stephen Yi as Chief Product Officer.
The Best Live Funded Program Just Got Better With the Topstep Octagon
Topstep launched the Topstep Octagon, a monthly trading competition where Live Funded Traders compete for $250,000 in performance bonuses on top of trading profits.
Chips bounce back as Oil slips and Asia takes the baton
US equity markets rebounded after a long weekend, led by semiconductor stocks, as crude oil prices declined and Asian markets extended the recovery.
US Private Credit Fund Redemptions Hit Record $15.6B in Q2 2026
Investors requested a record $15.6 billion in redemptions from US private credit funds in Q2 2026, marking the third consecutive quarterly increase. Only 38% of requests were met, leaving a record $9.7 billion backlog.
Foreign Official Holdings of US Treasuries Hit Century Low as Debt Surges
Foreign official holdings of US Treasuries have fallen to 12.5% of total outstanding, the lowest level this century, while total marketable Treasury debt has surged to $29.1 trillion. China's holdings have more than halved to $651.1 billion, the lowest since September 2008.
Trump: Walmart to Cut Prices, Including 15% on Ground Beef, for US 250th Birthday
President Trump announced that Walmart will lower prices 'by a lot' at his request to celebrate the 250th anniversary of the United States, including a nearly 15% reduction on ground beef.
Silver Aids Genetic Research: New Applications Highlighted
A recent post highlights silver's role in genetic research and other technological applications, underscoring the metal's versatility beyond monetary use.
India Broadens Gold Monetization Scheme to Encourage Surrenders
The Indian government plans to expand a program that incentivizes citizens to turn in their gold, following shortcomings in the original initiative.
Fed Rate Cut Odds for 2026 Drop to 21%
Markets now see only a 21% chance of a Fed rate cut in 2026, down from expectations of up to four cuts earlier this year.
US Jobs Plentiful-Hard to Find Gap Narrows to Pandemic-Era Low
The gap between consumers viewing jobs as plentiful vs hard to find fell to 2.4 points in June, the lowest since the 2020 pandemic. Only 24.9% say jobs are plentiful, while 22.5% say hard to find, suggesting unemployment could rise to 6%.
Crude Oil (WTI) Extends Decline as War Premium Evaporates
West Texas Intermediate crude has fallen for three consecutive weeks, fully reversing the gains accumulated during the three-month war rally. The market now trades as if the conflict never happened.
Energy funds see record $3.2bn outflows, worst week in a decade
Energy funds suffered $3.2 billion in outflows in the week ending July 1, the largest weekly withdrawal since July 2024 and the second biggest in ten years. The 4-week average outflow hit a record $1.8 billion, reversing a $2.5 billion inflow average just two months ago.
ECB Adopts Cautious Stance on Rate Hikes at Sintra Meeting
The ECB Governing Council, meeting in Sintra, Portugal from June 29 to July 1, unanimously adopted a cautious stance on further rate hikes, just three weeks after raising key interest rates, in response to the energy shock from the Middle East conflict.
Tech Trade Revives as Gold Retreats, Says Analyst
Tech stocks are rising while precious metals decline, according to Chris Beauchamp, Chief Market Analyst at an online trading and investing platform.
S&P 500 Could Reach 8000 as Chip Stocks Lead Rotating Market
A market analyst projects the S&P 500 could rise to 8,000+ as semiconductor stocks take over leadership from the Magnificent Seven, which have seen declines.
Robot Safety Concerns Rise After Viral Incidents of Harm to Humans
Viral videos showing robots kicking children and dancing uncontrollably have spotlighted safety flaws. Developers are now scrambling to improve safeguards, slowing mass adoption as some firms report serious injuries and deaths involving humanoid devices.