- SpaceX joins Nasdaq 100 on July 7 after a $75 bn IPO that surged 50% on debut
- Shares have fallen 28% from the post‑IPO high of $225 to $162
- Past Nasdaq‑100 additions (Palantir, Strategy) dropped 25%‑80% after inclusion, showing no guaranteed rally
- Historical pattern suggests SpaceX could face further downside despite index membership
July 6, 2026
▲ 50▼ 46◆ 8– 145
Markets 47
- USD/JPY rose to just under 162.5, within one point of the cycle high near 162.9
- BoJ lifted its policy rate to 1.00% on June 16, the first hike above that level in three decades
- Tokyo has stopped issuing verbal warnings, favoring a silent intervention approach; support at 162.00, resistance at 162.50
- Upcoming data: May wage growth expected at 3.4% YoY; Fed minutes on Wednesday could revive US rate‑hike debate
- US equity indices jumped as semiconductor sector optimism lifted markets
- Chipmakers posted strong demand signals, driving tech‑related stocks higher
- Crude oil prices held steady, remaining near pre‑war levels
- GBP/USD posts eight consecutive daily closes higher, now trading around 1.3350‑1.3400 near its 200‑day EMA
- Resistance at the 1.3400‑1.3450 zone; support levels at 1.3300 and 1.3250
- Upcoming catalysts: FOMC minutes (Wed) and UK Labour leadership nomination window (Thu‑Jul 16) could test the streak
- Dollar weakness and orderly UK succession are the main drivers of the rally
- DJIA opened above 53,000, peaking near 53,050 before shedding ~400 points within 30 minutes
- By afternoon the index settled near 52,900, lagging the S&P 500 (+0.7%) and Nasdaq (+1.1%)
- Technical support sits around 52,750 with resistance at the 53,000 handle; a close above 53,000 would confirm the level as a floor
- Wednesday’s FOMC minutes are the key catalyst, potentially shaping the Fed’s next rate move
- Chip stocks rebounded ~3% after Broadcom‑Apple news, underscoring the tech rotation that capped the Dow’s gains
- USD/JPY up 0.58% on the day, trading around 162.30, near the 40-year peak of 162.84
- Yen weakness driven by a wide US‑Japan interest‑rate gap and a broad US dollar rally despite softer US payrolls
- MUFG expects BoJ policy rate to reach 1.5% by Jan 2027, with a possible hike in September, adding pressure on the yen
- Japanese officials say they stand ready to intervene if the yen depreciates further, though no action taken yet
- Airlines extend international flights to Europe year-round to capitalize on high-spending customers
- Delta and United shares hit records as they trim unprofitable flights and pass fuel expenses to customers
- Airlines redefining moneymaker months with 'creep of the seasons' as shoulder season blends into full season
- U.S. hedge funds sold tech hardware stocks for a fourth week in a row, making info tech the most net-sold U.S. stock sector.
- The SOX index, tracking semiconductor stocks, declined 4.2% in the week to July 3.
- Hedge funds had more sold stocks than bought for the third straight week, primarily selling single U.S. stocks.
- Other sectors sold included industrial and consumer discretionary shares.
- Conversely, hedge funds bought index and ETF products, commercial services, consumer staples, real estate, and energy stocks.
- SpaceX will be added to the Nasdaq-100 on Tuesday
- SpaceX will remain ineligible for the S&P 500 for at least one year
- The Nasdaq-100 is expected to become more volatile than the S&P 500
- The volatility spread between the two indexes may widen further
- Dow futures up 34 points (<0.1%) after index closed above 53,000 for first time
- S&P 500 futures near flat; Nasdaq-100 futures marginally lower
- Rivian shares fell about 9% after announcing a 75 million‑share public offering
- Semiconductor leaders Western Digital +7% and AMD +6.6% drove tech gains
- Investors await U.S. trade deficit data due Tuesday
- JPMorgan, Bank of America and several other banks are exploring a shared card network partnership.
- Proposed network could allow higher transaction fees for merchants, boosting bank revenue.
- Some bank executives express concern over potential regulatory scrutiny and consumer backlash.
- GBP/JPY rose 0.77% to 217.11, breaking 217.00 for the first time since Jan 2008.
- RSI nears the 70 overbought threshold, hinting at possible short‑term consolidation.
- Key resistance levels ahead: 217.50, then 218.00 and 220.00; downside support at 215.00 and 214.72.
- Cramer recommends PepsiCo (PEP) as a buy ahead of its July 9 earnings after recent pullback
- Starbucks (SBUX) and TJX (TJX) are seen as discounted opportunities as sector rotation pressures consumer stocks
- Constellation Brands (STZ) flagged for potential stabilization in its beer business despite broader market weakness
- Johnson & Johnson (JNJ) considered a pure‑play pharma after spinning off its consumer health unit, with earnings due July 15
- The picks follow a slowdown in June hiring, prompting institutional portfolio rebalancing
- MOEX Russia Index dropped 2.26% at the close of trade
- Broad Russian equities fell, with energy and financial stocks leading the decline
- The sell‑off reflects heightened geopolitical risk and ongoing sanctions pressure
- Stock indices typically post gains during the congressional summer break
- Market volatility rises when lawmakers are in session due to regulatory uncertainty
- Historical patterns show lower volatility and higher equity performance during recess periods
- Analysts attribute the rally to reduced policy risk as legislative activity pauses
- Equity valuations remain at historic highs relative to long‑term averages
- Recent corporate earnings growth has diverged sharply from its long‑term trend
- A potential burst of the 'double bubble' could trigger a broader market downturn
- US equity indices rose, driven by gains in technology stocks
- Intel (INTC) and Micron (MU) posted notable advances
- Market optimism builds ahead of a series of AI‑related earnings and product tests this week
- DXY steadied around 100.90 after Waller’s remarks
- USD/JPY rose to 162.10 amid firm dollar demand and resilient US data
- EUR/USD hovered near 1.1440; GBP/USD near 1.3390; AUD/USD around 0.6960
- Waller emphasized the Fed’s 2% inflation goal, noting policy risks have shifted
- Strong US services data helped support the dollar
- AUD/USD rises 0.25% to 0.6950 after June NFP miss trims Fed rate‑hike bets
- US ISM Services PMI posts 54.0, down from 54.5 but still expansionary
- RBA minutes signal continued hawkish stance, keeping rate‑hike risk alive
- Technical view shows near‑term bearish bias with resistance near 0.7002
- Chinese yuan is the worst‑held APAC currency, with cross‑border holdings at very low levels
- Chinese equities and yuan remain under‑owned versus regional peers, indicating depressed positioning
- Retail inflows and talk of stimulus could spark a modest rebuild if data stabilises or policy support emerges
- 10-year Treasury yield held steady with minimal movement
- 2-year Treasury yield unchanged, reflecting flat short‑term rates
- Investors await Fed minutes for guidance on future monetary policy
- Wolfe screens stocks with yields >3.5% and payout ratios >80% as dividend‑cut candidates
- Nike (yield 3.79%) down 32% YTD; dividend payout may be reduced
- PepsiCo (yield 4.14%) to report Q2 earnings; dividend was raised in June
- Blackstone (yield 4.01%) down ~20% YTD after limiting BCRED withdrawals
- UPS (yield 5.95%) up 11% YTD; pursuing $3 bn cost‑saving plan by 2026
- NZD/USD trades around 0.5705, with immediate support at 0.5702 and 20‑period SMA at 0.5693
- Fed Governor Christopher Waller stressed the Fed’s 2% inflation target, signaling a hawkish tone
- US ISM Services PMI held at 54.0; Employment Index rose sharply to 51.2, bolstering the USD
- Technical view shows a neutral‑to‑slightly‑bullish bias but capped by the 100‑period SMA near 0.5717
- Around 500,000 SpaceX options traded, with 300,000+ calls versus under 130,000 puts.
- Calls outnumbered puts roughly 5 to 1 and all top‑10 contracts by volume were calls.
- SpaceX will have about a 1% weight in the Nasdaq‑100; its implied volatility is 92, ~3.5× QQQ’s.
- The most active contract is the 450‑strike call expiring July 17, needing a 180% rally to break even.
- Shares fell below $160 after an 8% sell‑off earlier in the week.
- DXY slipped to about 100.92, down from an intraday peak of 101.14.
- CME FedWatch Tool shows a 77% chance the Fed will hold rates, with hike probability falling to 56% from 63%.
- Weaker US nonfarm payrolls and falling oil prices dampened near‑term rate‑hike expectations.
- ISM Services PMI held at 54, marking the 23rd consecutive month of expansion.
- USD/CHF up 0.37% to around 0.8060 as the franc weakens
- Swiss unemployment unexpectedly rose to 3.1% in June, above the 3% forecast
- CME FedWatch shows a 76.9% probability of another Fed rate hike by year‑end
- ISM Services PMI held at 54 in June, matching expectations
- Wells Fargo estimates $19.5 bn of inflows from Trump Accounts in the second half of 2024
- Inflows will be concentrated in Q3, roughly 3 % of projected annual 401(k) inflows
- About one‑third of the total is expected from donor commitments, targeting large‑cap and tech stocks
- GBP/USD trades near 1.3357, up for an eighth consecutive day after rebounding from 1.3328
- US nonfarm payrolls missed forecasts and were revised down, cutting Fed hike bets to 22 bps for year‑end
- Money markets assign a 77% probability the Fed will keep rates unchanged at the July meeting
- BoE rate‑hike odds sit around 70% with swaps pricing in 17 bps of tightening
- GBP/USD trades around 1.3338, confined to a 1.3300‑1.3400 band.
- Construction PMI slipped to 38.4, a marginal rise from 38.2.
- Markets price 12 bps BoE tightening by November and 17 bps by December.
- RSI returns to neutral (~50) with resistance near 1.34, matching 50‑day and 200‑day MAs.
- Semiconductor ETF SOXX fell 6.4% on Wednesday and 5.6% on Thursday, prompting a Monday rebound.
- Intel, Arm and Broadcom each rose more than 3% as buyers returned to the sector.
- Micron dropped 5.5%, AMD fell 4.3%, and Marvell slumped 9.8% during the prior sell‑off.
- Broadcom extended its Apple partnership through 2031, bolstering its long‑term outlook.
- Nvidia remains under pressure, trading below 19x forward earnings after a research report on delays.
- EUR/USD fell to around 1.1421, down 0.12% on the day.
- Fed policy rate stands at 3.50‑3.75% versus ECB deposit rate at 2.25%, widening the USD‑Euro interest differential.
- CME FedWatch shows a 56% chance of a September Fed hike, while ECB September hike odds are below 50%.
- ISM Services PMI posted 54.0 in June, marking the 23rd consecutive month of expansion.
- AUD/USD hovers around 0.6930 as Australia's TD-MI inflation gauge falls to 3.9% YoY in June, down from 4.4%
- RBA pressure eases, limiting upside for the Aussie dollar amid softer inflation
- US services data mixed: S&P Global Services PMI at 51.2 (below expectations) and ISM Services PMI at 54, keeping the USD broadly supported
- End‑June monthly smoothed flow score turned negative for the first time in two months, indicating bond outflows.
- Higher US yields and stretched FX positions make Latin American yield‑sensitive bonds vulnerable.
- Equity inflows are approaching net purchase territory after a weak May, signaling a rotation rather than retrenchment.
- Peru's central bank is expected to keep rates unchanged despite inflation above target, with a hawkish bias until Fed guidance.
- CAD fell to around 1.4230 per USD, down 0.20% on the day
- Fed rate‑hike odds rise to 76.9% as markets price in further tightening
- OPEC+ approved a 188,000 bpd production increase for next month
- US ISM Services PMI eased to 54 in June from 54.5
- Trade uncertainty after USMCA non‑renewal limits CAD upside
- June Melbourne Institute inflation fell for a second consecutive month, easing headline and underlying pressures
- Market pricing of 35 basis points of RBA tightening by year‑end is now vulnerable
- AUD/USD is testing 0.6910, with a near‑term range of 0.6870‑0.6980 and downside targets at 0.6835 and 0.6707
- Taiwanese capital into Japanese residential property rises by roughly 30% year‑on‑year, according to recent transaction data.
- Mainland Chinese investors cut their Japanese real‑estate exposure, with holdings down about 20% over the same period.
- Foreign buyers now represent close to 40% of condo sales in Tokyo's Tennozu waterfront district.
- The inflow of Taiwanese funds is expected to buoy Japanese property prices amid broader market softness.
- S&P/BMV IPC climbed 0.61% to close higher.
- Mexico's equity market ended the session in positive territory.
- Broad-based buying drove the gain across the index.
- DXY up 0.04% to 97.26
- Ends two-trading-day losing streak for the Dollar Index
- Modest USD gain amid generally flat foreign‑exchange market
- COLCAP index closed with a 0.00% change, effectively flat
- Broad Colombian equities edged lower in the session
- No notable sector or stock moves reported
- Investor interest in ESG and moral investing is rising
- Many retirement plans lack ESG options or have limited choices
- Aligning portfolios with personal values can increase complexity and cost
- Advisors warn that moral criteria may affect diversification and returns
- Intraday USD/SGD range projected at 1.2900‑1.2935
- 1‑3 week outlook revised to 1.2890‑1.2990, neutral stance maintained
- Longer‑term bias still favors USD strength toward 1.3000‑1.3095
- Recent low hit 1.2896; close near 1.2919 (+0.02%)
- Tesla produced 451,758 vehicles and delivered 480,126 in Q2, 18% above consensus estimates
- Rivian unveiled the R2 SUV targeting the mid‑size segment, with a market cap of $23.5 bn versus Tesla’s $1.48 tn
- Tesla stock fell on the news, prompting analysts to suggest the upside is priced in and propose a modestly bearish call spread below $420
- Rivian remains unprofitable, holding $4.8 bn cash and facing an estimated $9 bn cash burn before profitability, leading to a bullish put‑sell strategy at a $16 strike
- USD/CNH remains confined to a narrow intraday band of 6.7800‑6.7930.
- UOB forecasts range trading between 6.7750 and 6.8080 for the next 1‑3 weeks.
- A breakout above the 21‑week EMA at 6.8430 is needed for a sustained yuan recovery.
- Recent USD strength has faded; the pair is edging lower with no clear momentum shift.
Macro/Economy 39
- Thailand's current account swung to a deficit of nearly 500 billion baht over the past two months
- Government proposes a 200‑billion‑baht loan to fund clean‑energy projects and speed up the energy transition
- Targeting investment at about 30 % of GDP and aiming for 900 billion baht in FDI via the FastPass scheme this year
- North America contributed roughly 45% of the increase in worldwide CO2 emissions in 2025
- The Energy Institute's 2026 Statistical Review of World Energy continues a 70‑year BP publication legacy
- The review analyses trends across oil, natural gas, coal, renewables, electricity and carbon emissions
- Emissions growth data highlights regional disparities in the global energy transition
- UK net-zero and clean‑power agenda estimated to require $667 bn (£500‑600 bn) in capital spending
- Majority of the cost will be front‑loaded, pressuring businesses and household bills
- Industry groups warn the expense could undermine the UK's global competitiveness
- Funding needed for renewable generation, grid upgrades and transmission expansion
- European Commission announced additional import tariffs on Chinese battery EVs on July 4, 2024
- Tariffs are justified by alleged unfair subsidies and aim to protect EU auto manufacturers
- Chinese EVs have become ubiquitous in Europe within two years despite earlier duties
- German automakers and the government are openly opposing the new tariff measures
- Real wages in May up 1.4% YoY, down from 2.0% in April
- Nominal wages rose 3.2% YoY to 311,165 yen, slower than April's revised 3.6% gain
- Base salaries climbed 3.0% YoY; overtime pay grew 2.9%, both decelerating from April
- Special payments (bonuses) increased 5.2% YoY after a 10.3% rise in April
- Bangkok had 1,210 UHNW residents in 2025, projected to reach ~1,840 by 2030 (+50%).
- Average annual growth rate of 8.7% for Bangkok's UHNW population over 2025‑2030.
- Self‑made entrepreneurs make up >90% of Bangkok's UHNW individuals; inherited wealth <10%.
- Global UHNW count rose to 556,850 in 2025, up 14.4% YoY, with combined wealth $63.8 trillion.
- Abu Dhabi aims to become the world's first nation with an integrated energy‑AI ecosystem
- The strategy ties its large energy resources, AI‑optimized logistics and maritime infrastructure to enhance trade
- Officials say the approach will diversify the emirate's economy beyond oil and support long‑term growth
- May 2026 trade data show a $1.61 bn deficit, reversing from an $89 mn surplus in April
- Ends a 72‑month streak of monthly trade surpluses dating back to May 2020
- Deficit driven by weaker exports and a record oil‑and‑gas import shortfall
- Risk of further external strain if global commodity prices or demand from China, US, India weaken
- Borrowers have a 90‑day window to leave SAVE after receiving a servicer notice; earliest deadline is Sept. 29
- More than 6.9 million borrowers remain in SAVE as of March, with an average debt near $55,000
- If no new plan is chosen, borrowers will be placed on the Standard or Tiered Standard Repayment Plan, often the costliest option
- A new Repayment Assistance Plan (RAP) offers payments of 1%‑10% of earnings, a $10 minimum, and forgiveness after 30 years
- Failure to enroll can lead to delinquency, default, and possible wage garnishment after 360 days of non‑payment
- Power demand in India projected to increase roughly 6% per year over the next 4‑5 years.
- Renewable capacity additions are expected to remain at 45‑50 GW annually through 2030.
- India installed 6.8 GW of capacity in April‑May of the 2026/27 fiscal year.
- USTR recommends a flat 12.5% tariff on China, Japan, Australia, Norway, and Switzerland under Section 301.
- Analyst argues China’s higher forced‑labor risk warrants a higher tariff than the uniform 12.5% rate.
- Recent investigations found over 200,000 workers at Foxconn’s Zhengzhou plant still face excessive overtime and wage delays.
- EU will implement its Forced Labor Regulation starting in 2027, adding pressure on Chinese firms.
- U.S. Customs continues to issue Withhold Release Orders against Chinese companies for labor violations.
- Central Asians received 78.5% of UK seasonal worker visas in 2025, up from 7.6% in 2021
- Ukraine and Russia's share of visas collapsed post-2022 invasion and Crocus City Hall attack
- UK quota reduced from 45,000 to 42,900 visas in 2026 amid tightening policy concerns
- Minimum wage in Metro Manila to rise by 85 pesos (≈US$1.40) per day, the largest single hike on record.
- The increase will be implemented in two phases, starting with non‑agricultural workers.
- Government hails the move as “historic,” while labour groups label it insufficient and insulting.
- SAO will pay total lease commitment of 764 million baht through 2033
- Annual rent has averaged about 38 million baht from FY2019‑2026
- Lease remains in force until 30 Sept 2033 despite building collapse in March 2025
- Payments continue in FY2027 with no arrears while legal dispute over the site persists
- Western Alliance Bank approved a $33 million loan for housing projects in Las Vegas.
- The financing is aimed at residential development to help meet local housing demand.
- The deal underscores the bank's ongoing focus on real‑estate lending.
- Only 8 states tax Social Security benefits (CO, CT, MN, MT, NM, RI, VT, UT).
- 9 states have no income tax on any retirement income, including Alaska, Florida, Nevada, etc.
- 4 states exempt retirement income while still taxing other income (IL, IA, MS, PA).
- 15 states do not tax pension income, with Alaska and Florida among them.
- West Virginia will fully exempt Social Security benefits starting with 2026 returns.
- Real returns exceeding 10% per year are very uncommon over long horizons
- Historical asset‑class performance typically averages below a 10% real return
- Investor expectations often double the realistic long‑term outcomes
Central Banks 9
- Initial conditions matter: 2022 vacancy-to-unemployment ratio hit 2, leading to modest unemployment rise despite rapid rate hikes
- Large, rapid policy shocks can shorten usual lags; a 200 bps rise in two-year Treasury yields from Sep 2021 to Feb 2022 shaved ~6 months off transmission
- Forward guidance can aid policy but may hinder it if too rigid; Sep 2020 guidance delayed rate hikes despite rising inflation
- Non‑linear effects and rational inattention mean that doubling rate shocks does not double economic impact
- AI could lift inflation early if productivity gains translate into higher demand, but consumption may lag
- Inflation effects differ if AI is labour‑augmenting (wage gains) versus capital‑augmenting (greater inequality)
- AI-driven compute growth may raise energy demand, adding upward pressure on energy prices and inflation
- Uncertainty about AI's income impact could boost precautionary savings, limiting upward pressure on the natural real rate (R*)
- Monetary base grew in June as the BOJ continued its asset purchases
- Net BOJ transactions added to the monetary base, indicating ongoing balance‑sheet expansion
- The expanded base keeps the yen's monetary supply at its highest level since 2022
- BOJ conducted ¥1.3 trillion in regular operations
- ¥1.2 trillion in 14-day reverse repo
- ¥100 billion in 7-day reverse repo
- Consensus expects a 25 basis point RBNZ hike to 2.5% at the July 8 meeting
- Market pricing implies up to four 25‑bp hikes this year, targeting around 3.2% policy rate
- NZD sits near the bottom of G10 performers and is projected to trade in a choppy range
- Falling oil prices ease inflation pressure, adding uncertainty to the RBNZ's hawkish tone
- Eurozone still faces post‑war inflation dynamics despite recent oil price fall
- ECB warns the current inflation shock is already generating indirect effects
- Policymakers risk second‑round inflation pressures if the shock is not addressed
- Comments suggest a tighter monetary stance may be needed
- EUR/USD trades around 1.1418, down 0.2% against the dollar
- Euro area PPI and retail sales meet expectations; German factory orders beat forecasts
- Markets price a 0% chance of an ECB move on July 23 and a 50% probability of a 25 bps hike in September
- Short‑term rates have stabilized and the yield curve has normalized after a prior inversion
- Near‑term technical support at 1.1380, resistance above 1.1480
- The European Central Bank's T2 payment system experienced a second outage in a week on Monday.
- The latest incident lasted about 40 minutes, delaying settlements in euros and Danish crowns.
- Both recent outages were caused by a software update issue, which the ECB states has now been addressed.
- A more severe seven-hour outage last year was attributed to a hardware failure.
Energy/Oil 14
- Crude oil prices rose to a four-year high after the Strait of Hormuz closure
- ExxonMobil and Chevron Q2 earnings are projected to triple versus Q1
- Higher oil prices and depleted inventories drove the profit surge for majors
- Supply disruption marked the worst in oil‑market history, boosting volatility
- UAE crude production exceeded 3.8 million barrels per day in June, the highest level since 2017
- The output surge follows the UAE's formal withdrawal from OPEC and OPEC+ on May 1
- Production growth occurs despite weaker oil prices, adding spare capacity to the market
- Upstream investments are being rapidly converted into export capacity
- Hormuz Strait transit volumes have risen to around 2.5 million barrels per day, close to pre‑disruption levels.
- Brent crude slipped below $80 per barrel, marking a 5% decline from its recent peak.
- Analysts cite the removal of a risk premium as the main driver of the ongoing price weakness.
- The downtrend is viewed as structural, suggesting further downside pressure on oil markets.
- WTI trades around $68.50 and Brent near $72.00, only a few dollars above pre‑war bases.
- OPEC+ agreed to add 188,000 barrels per day to August quotas, restoring 940,000 bpd of paper supply.
- Brent futures curve entered contango for first time this year, with a six‑month spread of –56 cents.
- Resistance levels sit at $70 for WTI and $74 for Brent; support sits near $67.5 (WTI) and $71 (Brent).
- Market bias remains bearish as Stoch RSI stays near its floor and inventories are expected to rise.
- Urals price averaged $41.66 per barrel in the first three days of July
- Price is below the $59 per barrel level assumed in Russia's federal budget
- Urals had stayed above $59 per barrel since March, peaking at $60.92 in June
- Drop follows the end of the price surge after the US‑Iran shipping agreement
- Hess Corporation retires 1.5 million carbon credits, boosting market credibility
- Move seen as positive step towards legitimacy for carbon credits
- Carbon market credibility has been a long-standing issue
- US natural gas prices have fallen 70% since 2008
- Supply constraints and increased demand may lead to price increases
- Current prices around $2.50/MMBtu, up from $1.70 in 2022
- Shell and ExxonMobil are committing billions of dollars to revive Nigeria's deepwater oil production
- Nigeria's Dangote Refinery, with 650,000 barrels per day capacity, is targeting a $4 billion IPO at a $40 billion valuation
- The projects aim to position Nigeria as Africa's leading hub for refining, gas and energy exports
- Saudi Arabia has moved roughly 34 million barrels of crude through the Strait of Hormuz since the June 17 cease‑fire.
- Daily commercial vessel transits in the strait are about 27, roughly one‑third of the pre‑war level of ~84 vessels.
- On July 4, only 25 vessels with active AIS crossed the strait, indicating thin traffic despite export recovery.
- Crude export volumes are recovering even as tanker traffic remains subdued.
- U.S. natural gas futures posted moderate gains
- Summer weather is supporting demand despite ample supply
- Price rise reflects expectations of higher consumption in the coming months
- Crude prices edged lower in the latest session
- Futures remained close to levels seen before the recent conflict escalation
- Market reaction muted despite typically bearish news
- Article title suggests an energy-sector focus but contains no substantive content
- No specific data on crude, natural gas, or related commodities are provided
- Potential market impact remains unclear due to lack of analysis
Gold/Metals 14
- Gold (XAU/USD) slipped 0.5% to $4,153 as the US Dollar Index stayed at 100.90 and the 10‑yr Treasury yield held at 4.451%
- ISM Services PMI dropped to 54.0 from 54.5; the Employment Index rose while producer prices fell to 67.7
- Market odds of a Fed rate hike in December fell to 88% and odds of a hold in July rose to 77% according to Prime Terminal
- Technical: gold below $4,200 faces support at $4,100; a daily death‑cross signals bearish momentum
- Next catalysts: Fed minutes, weekly jobless claims and the July CPI release will shape further direction
- China's Guangzhou Futures Exchange has opened lithium carbonate futures to foreign traders.
- The move aims to cement China's pricing power over lithium, a critical material for EVs and energy storage.
- Effective July 3, offshore industrial players are now permitted to trade lithium carbonate onshore.
- This initiative is seen as an effort to gain an edge over the US in the global lithium market.
- Weaker-than-expected US jobs data eases expectations of a near-term Fed rate hike, supporting Silver's near-term outlook.
- The technical backdrop remains bearish as the metal remains capped below major moving averages.
- Silver's near-term outlook is supported by easing expectations of a near-term Federal Reserve interest rate hike.
Read on FXStreet ↗
also: FXStreet
- Gold remains below $2,000/oz, down about 2% since early June
- U.S. nonfarm payrolls rose 209k, unemployment held at 3.6%, offering limited support
- Analysts warn the correction could continue unless inflation or geopolitical risk spikes
- Gold futures settled at their highest point since June 22, marking a two‑week rally
- Middle East peace initiatives eased global inflation worries, prompting a shift to precious metals
- Analysts see the move as a bullish signal for gold as investors seek safe‑haven assets
- Spot gold rose about 2% last week, reaching roughly $1,950 per ounce
- Technical support identified near $1,900, with resistance around $2,000
- Future upside depends on US inflation and Fed policy expectations
- Gold trades around $4,150, staying below the $4,200 level after recent gains
- US nonfarm payrolls miss expectations, cutting the September Fed hike probability to 56%
- US Dollar Index hovers near 100.00, up 0.1%, pressuring gold lower
- Technical support at $4,000; upside limited unless price breaks $4,347
- Assays returned higher-grade gold concentrations within the planned open-pit area
- Drilling expanded known mineralization at the Richmond Hill project in South Dakota
- Positive assay results could improve project economics and support future development
- Gold prices continue to decline, extending the recent downtrend
- Elevated inflation pressures keep real yields under pressure
- Bearish momentum suggests further downside risk for gold
- Gold: $1,850 resistance, $1,800 support
- Silver: $23.50 resistance, $22.50 support
- Precious metals prices may be influenced by US inflation data
- Gold price outlook for H2 2026 is positive, with analysts forecasting a 4‑6% increase.
- Silver demand is expected to rise about 5% year‑on‑year, supporting price gains.
- Three mid‑cap precious‑metals producers are identified as top investment candidates for the second half of 2026.
Crypto 36
- MicroStrategy sold 3,588 BTC (~$216m) last week, reducing holdings to 843,775 BTC
- Proceeds replenished $2.55bn USD reserve for preferred stock dividends
- MSTR shares down 2% in pre-market amid Bitcoin price dip to $61,900
- USDC accounted for ~70% of adjusted stablecoin transaction volume in H1 2026, versus USDT's ~25%
- Adjusted stablecoin volume hit a record $1.79 trillion in June 2026, up 63% month‑on‑month and 125% year‑on‑year
- First‑half 2026 adjusted stablecoin volume totaled $8.82 trillion, exceeding 2024's $5.8 trillion
- Banks including Standard Chartered and BNY are expanding USDC services, signaling broader institutional adoption
- Crypto exploits decreased 47% in the first half of the year.
- Exploits surged 59% quarter-on-quarter in Q2, reaching $807.5 million.
- Major Q2 exploits included KelpDAO and Drift Protocol, partly attributed to North Korean hackers.
- Despite the H1 decline, the crypto ecosystem is deemed no safer by CertiK.
- Bitmine Immersion purchased 42,197 Ether (ETH) worth $74 million last week, increasing its total holdings to 5.74 million ETH.
- Bitmine now holds 4.8% of Ethereum's circulating supply, nearing its 5% target.
- Chairman Thomas Lee attributes ETH's outperformance and Bitmine's accumulation to rising investor optimism for the proposed Clarity Act.
- The purchase contrasts with Strategy's rare sale of $216 million worth of Bitcoin (BTC) to raise cash.
- ETH outperformed BTC by 6% last week, partly due to Bitmine's buying and Strategy's selling.
- Sberbank to introduce crypto wallet and digital depository by December
- Services to integrate into 'Sberbank Online' and 'SberInvestments' after September law takes effect
- Russia's largest bank enters crypto market after years of central bank opposition
- U.S. 2-year inflation breakeven drops below 2%, first time since 2024, signaling potential Fed rate cuts
- Bitcoin gains momentum after best weekly performance since March, inversely correlated with dollar strength
- Oil prices slip to pre-Iran war levels, further easing inflation concerns ahead of June CPI data (July 14)
- Strategy sold 3,588 Bitcoin for $216M to fund dividend payments
- Keeps $2.55B reserve intact
- Bernstein maintains year-end Bitcoin price target of $150,000
- Former Tether chief investment officer is looking to divest his holding in the company
- Stake size and sale price were not disclosed
- Tether reiterated it has no intention to pursue a public listing
- White House still assessing whether Treasury or Commerce should house a strategic Bitcoin reserve
- Estimated federal Bitcoin holdings exceed 300,000 BTC (about $21 billion) but lack legislative backing
- No congressional bill yet; progress could stall if Republicans lose House majority in upcoming midterms
- If bought at $93,000 per BTC, the reserve's value would have dropped to roughly $64,000, a one‑third decline
- BonkDAO disclosed a $20 million loss from a governance attack
- The theft stemmed from a malicious proposal that moved DAO funds
- Developers have alerted law enforcement and are pursuing fund recovery
- The incident underscores security risks in crypto governance
- Ripple received final approval from Luxembourg, completing its MiCA licensing across the EEA
- The license enables Ripple to offer regulated crypto-asset services throughout the European Economic Area
- Being fully MiCA‑compliant positions Ripple among the first firms to operate under the new EU crypto framework
- Bitmine disclosed a $74 million purchase of Ether (ETH) for its treasury.
- The move was justified by the chair’s view that the U.S. “Clarity Act” is more likely to pass.
- The purchase contrasts with peer Strategy’s recent multi‑million‑dollar Bitcoin sell‑off.
- UN Development Programme rolls out Stellar payment pilots in five countries
- Pilots reported lower transaction costs and greater payment system resilience
- Results will guide wider adoption across UN humanitarian and development programs
- Move highlights growing institutional interest in blockchain-based payments
- Lean Ethereum roadmap prioritises privacy and quantum‑resistant cryptography
- Researchers applaud direction but deem the 3‑4 year timeline too slow
- Key developers suggest accelerating major upgrades to roughly 1 year, citing AI tools
- Consensus changes moved earlier while some speed‑up features postponed
- Debate now focuses on execution speed rather than roadmap content
- Michael Saylor's bespoke valuation metric for Bitcoin has been criticized for ignoring market realities.
- The metric, which focuses on the network's growth and adoption, has been accused of being overly optimistic.
- Critics argue that the metric fails to account for market volatility and the cryptocurrency's price fluctuations.
- Exploit stole roughly $6 million from Summer.fi’s USDC vaults via a flash‑loan attack
- Protocol halted all Lazy Summer vaults and is investigating the breach
- SUMR governance token fell more than 18% after the incident, with TVL dropping from $22 million
- Belgian FSMA adds 6 crypto providers to CASP list
- Action taken after EU's MiCA transitional period expired
- Warning issued to consumers to avoid fraudulent services
- Bitcoin trades around $62,800, rebounding from a dip below $58,000 on July 1
- Altcoin Season index rose to 52/100, its highest level in three months
- Lighter (LIT) token up 13.5% in 24 hours and over 50% week‑over‑week
- Ether (ETH) holds near $1,760 after recovering from a low of $1,550
- Open interest in Litecoin (LTC) reached 7.14 million tokens, the most since May 12
Geopolitics 52
- Iranian government invited foreign social media influencers to attend Supreme Leader Ali Khamenei’s state funeral
- Khamenei was killed in an air strike on the first day of the US‑Israel war on Iran
- Influencers traveled to Iran, describing the honor of attending the funeral
- Two lieutenant generals promoted to general rank: Zhang Shuguang and Wang Gang
- Zhang Shuguang appointed secretary of the CMC Discipline Inspection Commission
- Wang Gang becomes new Air Force commander, indicating PLA Air Force remains Xi's favorite service
- China advocates for "constructive strategic stability" with the US to manage competition, not confrontation, avoiding major concessions on trade or Taiwan.
- Beijing and Moscow issued a joint declaration on a "new type of international relations," promoting "equal and orderly multilateralism" distinct from the liberal international order.
- China's growing agency in defining terms of engagement, even with the US, is partly reinforced by Trump's 'America First' policies and Western leaders visiting Beijing.
- Both the US and Russia currently need China: the US for critical supplies and market access, Russia for economic support amid the Ukraine war.
- Xi Jinping drew a "red line" on Taiwan, describing it as the "most important issue" in US-China relations, with Trump indicating a non-independent stance for the island.
- US President Trump reportedly held separate calls with Russian President Putin and Ukrainian President Zelenskyy to discuss potential peace solutions.
- Ukraine launched drone strikes on Russian oil terminals in St. Petersburg and other regions, as well as the Kronstadt Naval Base.
- Russia conducted its second major missile and drone attack on Kyiv in less than a week, causing casualties and damage.
- The developments occur ahead of a crucial NATO summit in Ankara, where further talks are expected.
- Markets are on alert, attempting to price in risks from renewed diplomacy versus potential escalation of the conflict.
- Platner, the Democratic nominee for Maine's U.S. Senate seat, denied the 2021 sexual assault allegations made by Jenny Racicot.
- Leading Democrats, including Senate Minority Leader Chuck Schumer and DSCC chair Kirsten Gillibrand, urged Platner to quit, saying the party will not fund his campaign if he stays.
- Maine law allows Platner to withdraw by 5 p.m. on July 13 and be replaced by July 27, giving the party a narrow window to find a new candidate.
- The race is viewed as a potential opportunity for Democrats to flip the seat held by Republican Sen. Susan Collins, which could affect Senate control.
- NATO allies aim for 5% of GDP defense spending by 2035, including 3.5% on core defense
- Ambassador Matthew Whitaker calls current disputes over European defense contributions 'growing pains'
- Ankara summit will focus on burden‑shifting and is expected to announce tens of billions in new contracts
- Germany, Poland, Baltic states and Denmark seen as proactive; UK and France face fiscal constraints
- U.S. Defense Secretary Pete Hegseth announced a review of American forces in Europe and warned of consequences for non‑compliant allies
- US celebrates its 250th anniversary amid growing calls for China decoupling
- Deep financial links in hard tech and soft power make a clean break difficult
- Bilateral ties trace back to a 1986 visit by the NYSE chairman to Beijing
- Ukrainian drones hit Russia's biggest oil refinery, causing significant damage.
- The strike is one of the deepest attacks on Russian energy infrastructure so far.
- Potential short‑term cut in Russian crude output could tighten global oil markets.
- 144 drone sightings over Europe from Aug 2024 to Feb 2026 were identified, many near Russian‑linked commercial ships.
- 48% of sightings occurred over NATO military bases, 26% over critical infrastructure, and 18% over civilian airports.
- Incidents spanned a dozen NATO countries and Ireland, highlighting gaps in European air‑defence against low‑cost drones.
- Drones were described as professional‑style, operating mainly at night or pre‑dawn.
- Body of Iran's Supreme Leader Ali Khamenei arrived in Qom ahead of a planned procession.
- Millions gathered in Tehran and Qom over three days; over 34,000 received medical treatment.
- The funeral follows a US-Israeli strike on Feb. 28 that killed Khamenei and four family members.
- Succession remains uncertain as son Mojtaba Khamenei has not appeared publicly.
- Burial is scheduled for Thursday in Khamenei's hometown of Mashhad.
- Macron arrived in Damascus on Monday, the first visit by a Western European head of state since the December 2024 regime change
- Syria's new authorities took power after toppling Bashar al-Assad in December 2024
- President Ahmed al-Sharaa is seeking to restore Syria's international standing, and Macron pledged French support for a sovereign, diverse, peaceful Syria
- Oil prices have slipped as conflict ends, with Iran likely to re‑enter global supply
- Renewables and storage projects gain investment appeal after war
- Engineering, infrastructure and construction firms expected to benefit from post‑war rebuilding
- Munitions manufacturers see short‑term demand from equipment replacement
- NATO Secretary‑General Mark Rutte says NATO must not be “naive” about China’s expanding military capabilities.
- He highlights China’s backing of Russia’s war in Ukraine and a recent Chinese nuclear‑submarine missile test in the Pacific.
- The comments come ahead of the NATO summit in Ankara, where alliance members will discuss China’s role in security.
- Pakistan opened land routes through Iran and China, ending reliance on Afghanistan for Central Asian shipments
- First export consignment left Karachi for Kyrgyzstan in April 2026 via the Sost Dry Port under the TIR regime
- The shift follows Afghanistan's indefinite border closure and aims to boost Pakistan's role as a regional trade hub
- Iran's Strait of Hormuz carries roughly one‑third of world oil and about one‑fifth of LNG shipments
- A blockade during the Feb 28 U.S./Israeli operation pushed oil prices up more than 70%
- Washington is formulating a strategy to neutralize Iran's ability to disrupt the chokepoint
- The plan aims to keep maritime traffic flowing and limit future price spikes
- US remains a hegemony despite relative decline
- No nation or force can replace its position
- Underestimating US could be a 'fatal mistake'
- Former Chinese official Yang Youlin sentenced to death for taking US$323.8 million in bribes
- Convicted of bribery, embezzlement, misappropriating public funds, abuse of power, and money laundering
- One of the harshest punishments for economic crimes in recent years
- Chinese research vessel Xiang Yang Hong 22 conducted a three‑day oceanographic survey from June 16‑18 in the Philippine Sea east of Taiwan.
- State media framed the mission as civilian maritime governance, but analysts note the data could support submarine navigation and anti‑submarine warfare.
- The survey underscores Beijing’s expanding dual‑use maritime activities amid rising cross‑strait tensions.
- India and Japan to jointly develop stealth technology for warships
- Project involves fitting Indian warships with Japan's Unicorn system
- Move reflects growing unease in both capitals over reliance on Washington
- Former Ukrainian ambassador Sergiy Korsunsky urges Europe to build a new security framework.
- Emphasizes that lasting peace requires deterrence of future Russian aggression.
- Recent Russian missile and drone strikes in Kyiv highlight ongoing conflict.
- French President Emmanuel Macron lands in Damascus, the first Western European leader since Assad's ouster in 2024.
- Macron meets Syrian President Ahmed al-Sharaa and will travel to Ankara for the NATO summit with US President Donald Trump.
- Talks focus on regional security and investment opportunities as most sanctions on Syria have been lifted.
- Impeachment trial starts on July 6 in the Philippine Senate.
- A conviction would bar Duterte from the 2028 presidential race.
- The proceeding deepens the rivalry between the Duterte and Marcos dynasties.
- An Israeli drone targeted a car in southern Lebanon, killing four people.
- The victims were a school principal, her mother, a foreign domestic worker, and a Syrian laborer.
- The attack occurred despite a ceasefire between Israel and Hezbollah.
- More than 5,500 children newly displaced from el-Obeid, with thousands more at risk
- Displacement sites lack adequate shelter, clean water, healthcare and education services
- Cholera outbreak in the city has confirmed 300 cases amid overcrowding
- Drone attacks damaged about 11 fuel stations and hit fuel and water tankers
- Children under 18 make up roughly 55% of Sudan's total displaced population
- 15 of 24 chapters (about two‑thirds) of the Thailand‑EU FTA have been concluded
- Negotiations covered competition, subsidies, state‑owned enterprises, dispute settlement and customs provisions
- Bilateral trade with the EU hit $45.03 billion in 2025, up 3.44% YoY, with a $7.86 billion Thai surplus
- Next round scheduled for late September in Thailand, with remaining issues on agriculture, energy, digital trade and services
- Norwegian PM Jonas Gahr Stoere asks China to press Russian leadership for a negotiated settlement
- Stoere says China has the most direct access to Moscow and should use that channel
- The appeal was made after a meeting with Chinese Foreign Minister Wang Yi in Oslo
- Norway frames the push as a step toward better relations with Europe and ending the Ukraine war
- Canada will contract TKMS to build up to 12 new submarines, with the first four due by 2034
- Deal value estimated at C$20‑30 billion for the subs and up to C$40‑50 billion for maintenance and upgrades
- TKMS shares rose 11% following the announcement
- Canada aims to meet NATO's 2% GDP defence spending target ahead of schedule
- Senior White House officials made a phone call to FIFA officials regarding Balogun's status
- The intervention helped keep Balogun eligible to play for England in the World Cup
- The episode highlights political influence over sports governance decisions
- Moroccan police arrested 10 suspects linked to ISIL affiliate ISSP.
- Raids seized bladed weapons, military-style clothing, bomb‑making instructions and chemicals.
- Authorities uncovered butane cylinders and nail‑filled pressure cookers, indicating an advanced attack plan.
- The plot is the first major ISIL‑linked threat foiled in Morocco since a 2023 police killing.
- ISIL and al‑Qaeda affiliates continue to expand in the Sahel, recruiting hundreds of Moroccans.
- Canada awarded the submarine contract to Thyssenkrupp Marine Systems (TKMS) over South Korea's Hanwha Ocean.
- The deal covers a US‑multibillion‑dollar fleet of new submarines for the Canadian Navy.
- Selection aims to deepen Canada‑NATO defence cooperation amid concerns over U.S. reliability.
- The contract underscores growing collaboration among mid‑tier nations on strategic defence projects.
- Mali's 2021 coup leaders have failed to deliver stability, with rebel offensives intensifying in the north and central regions.
- Over the weekend, a coalition of rebels and armed groups launched a coordinated attack, expanding rebel‑controlled territory.
- After expelling French forces and turning to Russian support, the junta continues to lose ground to insurgents.
- The ongoing insecurity threatens regional trade and foreign investment in West Africa.
- Texas can enforce law requiring app stores to verify users' ages and obtain parental consent for minors.
- US Supreme Court declines to intervene, allowing appeals court's decision to stand.
- Law aims to protect children from online content, but critics argue it violates First Amendment protections.
- NATO members must present clear, credible plans to reach the alliance's 5% of GDP defence spending goal
- The 32 nations aim to increase defence investment by $258 bn in 2025 and this year combined
- The Netherlands will announce defence deals exceeding €3 bn at the Ankara summit
- The US warns of consequences for allies lacking clear spending plans, signalling higher expectations
- Nigeria's foreign minister says anti-immigrant violence in South Africa shows no signs of easing.
- Two Nigerians, Musa Yunana Joe and Charles Iroegwu, were killed on June 28 amid xenophobic protests.
- Nigeria announced additional evacuation flights and warned South Africa that "all options remain on the table".
- Weeks of protests have prompted hundreds of Nigerians and tens of thousands of foreign workers to leave South Africa.
- South African authorities claim one death was unrelated to protests and have not commented on the other.
- Fujimori secured roughly 9,223,000 votes against Sanchez's 9,173,000, a margin of about 50,000 votes
- Sanchez formally conceded after the National Jury of Elections certified the results
- The runoff was the final contest after both candidates outpaced 33 others in the April election
- Fujimori's victory makes her the ninth president in ten years, highlighting Peru's political volatility
- Celebration of the United States' 250th anniversary was staged in a Brussels public park near EU institutions.
- Only three of the EU's 27 commissioners attended, and no EU heads of state were present.
- The sparse EU representation highlighted ongoing tensions in US‑EU diplomatic relations.
- Vice‑President Sara Duterte‑Carpio missed the opening of her impeachment trial, leaving lawyers to contest the case.
- If convicted, she would be removed from office and permanently barred from politics, reshaping the 2028 presidential race.
- A conviction requires at least 16 of the 24 senators (two‑thirds), which experts say makes removal difficult but not impossible.
- Tashiev and 6 others found guilty of coup attempt, sentenced to 4 years in prison, but given 3 years of probation
- Judge justified probation due to lack of completed crime and potential for rehabilitation
- Tashiev served no time in detention, 5 defendants released from custody
- Hamas announced dissolution of the Gaza administration that has ruled since 2007
- A technocratic committee will replace the body to oversee civilian governance
- The change follows the October ceasefire between Hamas and Israel, but disarmament of militants remains unresolved
- The shift could reshape Gaza's political landscape and affect future Israel‑Palestine negotiations
- Peru aims to reduce reliance on raw mineral exports to China
- Seeking investment in infrastructure to diversify economy
- Copper, iron, and fishmeal account for over 90% of current exports
- EU shift from open-market philosophy toward strategic use of trade and investment
- Brussels increasingly views economic ties as instruments in geopolitical competition with China
- Potential for new market restrictions or incentives targeting Chinese firms
- Debate highlights tension between economic interdependence and security concerns
- Communities along Thailand's Kok River allege Chinese-owned mines in Myanmar release lead, mercury and arsenic.
- Pollution reportedly affects over 110,000 rai of farmland in the Mekong basin and threatens livelihoods of 60 villages.
- Petition submitted to Chinese consulate in Chiang Mai urges Beijing to halt support, implement mineral traceability, and launch a multinational inspection team.
- Shotwell will contribute her and her husband's SpaceX shares valued at roughly $2.4 billion.
- The donation targets about 2 million Trump Accounts for children born between 2025 and 2028.
- The Trump Accounts program, launched July 4, includes a $1,000 Treasury seed deposit for eligible children.
- Tech firms such as Intel, Robinhood and Micron have also pledged matching contributions.
- Trump says a granite helipad will be built on the White House South Lawn
- Helipad designed to accommodate a more powerful Marine One presidential helicopter
- Project will be privately funded with an estimated cost of up to $6 million
- Construction crews have already begun work on the helipad
- A banner reading 'Destroy Israel' was unfurled at the San Fermin bull run in Pamplona
- Protesters also tossed inflatable watermelon-themed balls, a symbol of Palestinian solidarity
- The incident occurred as thousands attended the annual festival in Pamplona, Spain
- Protesters gathered outside the Old Bailey in London supporting the ‘Filton 25’ activists
- The activists are charged over a 2024 break‑in at Israeli arms maker Elbit Systems’ Filton facility
- Eight defendants are on trial for the alleged break‑in
- The rally highlights continued pro‑Palestine activism in the UK
- Bhutanese refugees forcibly deported from US after decades in Nepalese camps
- Deported individuals stripped of legal status, pushed into India with no documentation
- Refugees now live in limbo: some returned to Nepal camps, others in hiding to avoid arrest
Tech/AI 26
- 120,000 tech jobs cut in 2026, with AI cited as a reason
- Microsoft, Oracle, and Google among major tech companies cutting staff
- Companies report record revenues while culling workforces, citing AI as both engine of growth and reason for cuts
- FCA-commissioned review warns of growing influence of large language models (LLMs) like ChatGPT on consumer financial decisions.
- Over 25% of UK consumers trust AI tools for financial advice, often unaware these services lack regulated protections.
- AI chatbots risk blurring the line between generic guidance and regulated financial advice, prompting calls for regulatory adaptation.
- Review identifies concentration risk from financial firms' reliance on a few tech providers, creating potential system-wide vulnerabilities.
- Bank of England also signals need for bespoke AI regulation to manage risks from increasingly capable agentic systems in finance.
- Investors rethinking defense valuations due to AI, electronic warfare shift
- Next-gen defense winners may resemble software, AI companies
- European defense stocks under pressure as investors rotate into AI trades
- Morgan Stanley expects investors to pivot to hyperscalers from chipmakers due to AI cycle shifts
- Hyperscalers may benefit from capex discipline and reduced semiconductor stock prices
- Consumer discretionary, transport, and biotechnology stocks could also gain from the rotation
- Hayabusa2 performed a flyby of asteroid Torifune on Sunday
- Tianwen-2 arrived at its target asteroid after a 1 billion‑km journey
- Both missions aim to collect samples for Earth return, with Tianwen‑2 targeting a 2027 delivery
- AI agent performed the entire ransomware workflow, fixing a failed login in 31 seconds and encrypting over 1,300 records
- Human operators still provisioned infrastructure, chose the victim, and supplied stolen credentials
- Attack exploited known bugs in Langflow and MySQL, leaving a Bitcoin address for ransom payment
- Researchers could not determine which AI model drove the agent, and multiple API keys were stolen as loot
- Effective July 10, Alibaba will prohibit staff from using Anthropic's Claude Code.
- Anthropic alleges Alibaba carried out the "largest known distillation attack" on its models.
- Employees must uninstall Anthropic products and switch to Alibaba's own AI assistant, Qoder.
- Anthropic is tightening restrictions after Chinese firms accessed Claude via third‑country routes.
- President Trump indicated leading AI companies will provide a public contribution to the country
- No specifics were given on the form or size of the contribution
- Remarks hint at potential new guardrails or regulatory oversight for the AI sector
- The statement fuels speculation about greater government involvement in the booming AI industry
- FCC will vote to eliminate the broadband price‑label rule that forces ISPs to list passthrough fees
- The rule, in effect for roughly a decade, mandated easily accessible fee disclosures on broadband plans
- Abolition may make price labels harder for consumers to locate, reducing fee transparency
- Micron's stock climbs, ending a recent downtrend in the chip market
- Investors turn attention to Samsung's upcoming earnings release
- Market watches SK Hynix's anticipated ADR listing for further sector boost
- CISA's Attack Surface Evaluation team is using Anthropic's Mythos AI to scan government code repositories for vulnerabilities.
- The audits have already uncovered a large number of bugs, though details on severity were not disclosed.
- Anthropic's Mythos, previously blacklisted by the Pentagon, is now being employed by both CISA and the NSA after a judge lifted the supply‑chain risk designation.
- Technology sector index moved into positive territory after prior decline
- SpaceX recorded another successful landing, boosting sector sentiment
- Analysts cite a strategic math problem influencing market outlook
- Vercel processes over 1 trillion AI tokens daily through its gateway.
- Around 6 million deployments occur each day, half driven by coding agents.
- New framework “Eve” and “Vercel Sandbox” aim to secure data access for internal corporate agents.
- Vercel sees growing use of Gemini and open models like DeepSeek as cost‑effective alternatives to OpenAI/Anthropic.
- Supreme Court denied request to block Texas App Store Accountability Act, keeping it in effect while litigation continues
- Law mandates age verification and parental consent for users under 18 before downloading apps or making purchases
- Texas law, signed by Gov. Greg Abbott in 2025, follows a 6-3 Supreme Court ruling that upheld a similar age‑verification rule for porn sites
- The 5th U.S. Circuit Court of Appeals had previously put a lower‑court injunction on hold, allowing the law to proceed
- Katalyst's Link satellite, weighing about 0.5 tons, was launched from an air‑launched rocket over the Pacific.
- The mission will dock with NASA's Swift satellite and boost its orbit to avoid re‑entry in the next few months.
- Katalyst won the NASA contract in September 2025 and delivered the operational satellite in under nine months, a timeline usually measured in years.
- June update adds Search Services History and Personalized Recommendations settings, defaulting to opt‑in
- Images, audio and video from services like Lens, voice search and Translate may be saved for AI training
- Users can uncheck "Save Media" and choose auto‑deletion after 3, 18 or 36 months to opt out
- Change applies across Search, Maps, Shopping, Flights, Hotels, Translate, News and other Google services
- Anthropic deleted a covert tracker in Claude Code after a security researcher exposed it.
- The tracker, added in March, logged users' timezone, proxy data and possible links to Chinese AI labs.
- It was originally meant to curb account abuse by unauthorized resellers offering cheap model access.
- The incident drew criticism over user privacy and trust in Anthropic's AI services.
- Reddit's AI system blocks roughly 23 million spam views per day
- Around 25,000 spam posts and comments are caught daily
- User exposure to spam dropped 20% from January‑March versus the prior quarter
- LLM tools target subtle coordinated fake behavior that older systems missed
- Station F's F/ai accelerator program to kick-start second batch in September
- Program aims to help AI startups generate €1 million in revenue within six months
- First cohort collectively raised $34 million in pre-seed funding
- Kirin 2026 smartphone chip achieves 55% transistor density increase vs Kirin 9030 Pro using Huawei’s LogicFolding architecture
- Performance gains without advanced lithography or new processing nodes, per production data
- Processor to power Huawei’s upcoming Mate flagship handsets launching autumn 2024
- Big Tech firms keep 100% of AI equity generated from user data
- Calls for data contributors to receive a share of AI profits
- Advocates policy changes to redistribute AI wealth
- iOS 27 beta 3 introduces “Pace” and “Expressivity” sliders for Siri’s speech speed and emotion
- Users can choose from multiple voice accents and adjust speaking rate via sliders
- Siri’s new controls are part of Apple’s generative‑AI overhaul, first shown at WWDC 2026
- Some beta testers report occasional loss of Siri access after updating
- Perseverance's SHERLOC instrument identified macromolecular carbon in two mudstone rocks (Cheyava Falls and Walhalla Glades) in Jezero Crater.
- The rocks date to 3.2‑3.8 billion years ago, formed under an ancient lake, and display features resembling microbial activity.
- This marks the first detection of macromolecular carbon in Jezero, complementing Curiosity's earlier find in Gale Crater.
- Scientists stress that only Earth‑based labs can determine biotic vs. abiotic origin, underscoring the need for a sample‑return mission.
- WhatsApp began allowing users to claim a username in June, ahead of the feature’s public rollout.
- Reserved usernames can be edited or deleted; a four‑digit key can be set for added contact protection.
- Public‑figure handles are pre‑reserved, and users can sync their Facebook or Instagram usernames to claim the same handle.
- The username feature is expected to go live in the coming weeks.
Companies 43
- US judge rejects Elon Musk's bid to void a jury verdict finding him liable for defrauding Twitter investors
- Musk could owe $2.6 billion in damages following the March 20 verdict
- Judge denies Musk's motion to decertify the class of investors and grants investors' motion for prejudgment interest
- Microsoft will eliminate 4,800 jobs, 2.1% of its workforce, effective immediately
- Xbox will shed 3,200 roles, roughly 20% of its staff, with 1,600 cuts now and the rest through FY2027
- Four Xbox studios – Compulsion Games, Double Fine Productions, Ninja Theory and Undead Labs – will be spun out
- Microsoft shares slipped about 1% after the announcement, while the Nasdaq rose 1%
- Lockheed Martin announced it will acquire naval defense group Ultra Maritime for $3.45 billion.
- Ultra Maritime, owned by Advent International, specializes in anti-submarine technology, radar, and electronic warfare systems.
- The acquisition aims to enhance Lockheed Martin's undersea and anti-submarine warfare capabilities for U.S. and allied partners.
- Ultra's team will integrate into Lockheed Martin's Rotary and Mission Systems business area post-closure.
- The defense sector has seen increased demand and spending globally, with outlays reaching $2.89 trillion in 2025.
- Toyota to invest $3.6 billion in Texas plant to produce Tacoma pickup truck
- 2,000 U.S. jobs to be created at the facility
- Annual capacity to increase from 200,000 to 350,000 units by 2030
- TeraWulf signs 20-year lease with Anthropic for data center infrastructure, generating $19B in contracted revenue
- Deal covers 401 MW of critical IT load, with initial capacity online in 2027 and full capacity by 2028
- TeraWulf to sell 50.1% stake in Abernathy joint venture to Fluidstack investor group for $450M premium
- SK Hynix plans to sell ~17.8 million shares via ADRs, targeting up to $28 billion in proceeds.
- Q1 revenue rose nearly 200% YoY and the stock is up about 260% YTD, fueled by AI‑driven memory demand.
- AI data‑center expansion has created a "RAMageddon" shortage, boosting DRAM, HBM and NAND prices.
- South Korean chipmakers, led by SK Hynix and Samsung, pledge over $550 billion for new manufacturing capacity.
- Operating profit forecast at 89.4 trillion won, about 19x YoY and above the 87.3 trillion won estimate
- Revenue expected to rise 129% YoY to 171 trillion won
- Average selling prices for DRAM and NAND up 44% and 53% quarter-on-quarter
- Shares slipped roughly 4.7% after the profit guidance was released
- Without bonus provisions, operating profit could have exceeded 100 trillion won
- SK Hynix plans a $28 billion secondary offering in the United States.
- The deal gives investors direct exposure to the world’s third‑largest chipmaker.
- The semiconductor sector lifted the Nasdaq Composite 1.1% on the news.
- The offering reflects growing Korean market interest among U.S. investors.
- Sky will buy ITV's broadcast channels and streaming service for £1.6 bn ($2.13 bn).
- The merger creates the UK's largest free‑to‑air commercial broadcaster combined with a subscription platform.
- The combined entity aims to compete with global streaming giants such as YouTube, Netflix, Amazon and Disney.
- Deal pending regulatory approval, with completion expected later this year.
- Cantor states restoring STRC preferred shares to $100 par is Strategy's (MSTR) top priority to restart its bitcoin acquisition engine.
- Management is expected to take frequent actions, including boosting cash reserves, to support STRC until it trades at par.
- Stabilization of STRC is anticipated to benefit MSTR common shares by enabling access to lower-cost capital and resuming bitcoin accumulation.
- Cantor views STRC as foundational to Strategy's funding model, recommending buying STRC or MSTR.
- Concerns over convertible debt maturities are dismissed, with the company expected to restart its capital engine or refinance.
- Solstice to acquire Element Solutions in $14.5 billion cash-and-stock deal
- Combined company to focus on AI market, semiconductor manufacturing, and electronics
- Expected to deliver $180 million in annual cost savings within 3 years
- CPN and Mitsubishi Estate to develop 'Central Central' project in Siam Square, valued at over 11 billion baht
- Retail space to open in 2027, office space in Q4 2027, and hotel in Q1 2029
- Total gross building area: 141,000 sq m, comprising 69,000 sq m retail, 43,000 sq m office, and 29,000 sq m hotel
- Syntiant filed for a US IPO, planning to list on Nasdaq under ticker "SYTN".
- Q1 net loss of $20.9 million on $64.5 million revenue, versus $14.1 million loss on $66.6 million a year earlier.
- Backed by Intel Capital, Microsoft Global Finance and Knowles Corp, targeting low‑power AI processors for devices.
- IPO occurs as analysts forecast $260 billion of equity issuance in 2024, indicating a revival in the US IPO market.
- Rivian forecasts quarterly revenue to exceed Wall Street consensus
- The outlook signals stronger demand for its electric‑vehicle lineup
- Shares rose in pre‑market trading after the announcement
- Rivian disclosed a secondary offering of 75 million shares
- The announcement triggered a sharp decline in Rivian’s share price
- The new shares could dilute existing holdings and raise additional capital
- Vista Equity Partners and Quinti Capital submitted an offer valuing Criteo at more than a 50% premium to its recent share price
- Criteo shares jumped 21.4% to $23.17, giving the company a market value of roughly $1.16 billion
- Criteo has not yet decided whether to accept the takeover approach
- Criteo provides digital advertising and retail media services using data and AI to target shoppers
- Bangchak finalized purchase of Chevron Hong Kong for $270 million (8.91 bn baht) on June 30.
- Deal gives Bangchak control of 31 Caltex stations, storage terminals and fuel operations in Hong Kong.
- Chevron Hong Kong 2024 revenue was HK$10.5 bn and net profit HK$263.3 m.
- Acquisition follows Bangchak’s 2023 Esso Thailand buy that raised refinery capacity to 170‑180 kbd.
- Bangchak will keep Caltex branding for up to five years and explore biofuel opportunities in North Asia.
- Genesis proposes a $3.9 billion cash offer for Vault Minerals
- Bid includes a 14% premium over the prior all‑stock deal with Regis
- Vault board unanimously recommends the Genesis offer over the Regis agreement
- Vertex announces $10 billion cash acquisition of Crinetics
- Deal expected to boost Vertex's annual revenue by $5 billion
- Pipeline addition includes Crinetics drugs Palsonify and Atumelnant
- Acquisition expands Vertex's biotech portfolio and pipeline depth
- Honeywell Aerospace shares rose ~15% since the spin, trading near $220 versus a $285 target.
- Honeywell Technologies fell ~9% since the separation, down about $20 per share.
- Combined post‑spin valuation is around $240, up ~6% from the late‑June purchase price.
- Cramer’s club plans to add HONA shares, seeing further upside after a recent 30% surge.
- Goldman Sachs and Wells Fargo also posted gains, but the focus remains on Honeywell's split.
- TeraWulf signed a 20‑year AI infrastructure lease with Anthropic valued at $19 billion
- The miner sold its majority stake in a separate AI data‑center joint venture
- Shares rose sharply on the news
- Apple reintroduces Visa and Mastercard credit/debit card payments for Apple Account services in India, rolling out in phases
- The option was suspended in May 2022 due to RBI's recurring payments framework; now restored after over four years
- Apple’s services business in India has been growing at double‑digit rates despite the payment limitation
- The change mirrors regulatory adaptations in Europe, Japan and South Korea and may revive speculation about Apple Pay in India
- Klarna submitted an application to US regulators for a Federal Deposit Insurance Corp.-backed bank subsidiary in Utah.
- The proposed Klarna Bank USA would be led by former Milestone Bank CEO Gary Harding.
- A bank charter would allow Klarna to fund loans with customer deposits and offer checking accounts and credit cards, reducing reliance on third‑party banks.
- Klarna's shares trade at roughly 50% of its $40 IPO price.
- Securitize completed a SPAC merger, raising over $400 million and retaining about 70% of the SPAC trust.
- CEO Carlos Domingo said the firm will use the war chest for acquisitions of complementary tokenization businesses, not rivals.
- The company targets tokenized equities, noting that 2% of the $140 trillion global equity market on‑chain would equal a $3 trillion market.
- Securitize has issued roughly $4.4 billion in tokenized assets, including a $2.2 billion tokenized Treasury fund.
- Microsoft will cut about 4,800 jobs, roughly 2.1% of its global workforce.
- The layoffs follow a voluntary buyout that affected about 9,000 employees (7% of US staff).
- Microsoft shares have fallen nearly 23% in the first half of 2026, its worst performance since 2022.
- Azure sales are forecast above estimates, while a $190 billion 2026 spending plan exceeds expectations.
- Gaming division profit margin dropped to 3%, prompting a possible restructuring or spinoff.
- Micron and Ford sign long-term agreement for memory and storage platforms in vehicles
- DRAM prices rose 70% since December due to high demand for memory chips
- Automakers compete for tightening supply of memory chips in vehicle production
- Versant Media Group will buy Full Swing for approximately $530 million in cash.
- Full Swing was purchased by Bruin Capital in 2021 for $160 million, a valuation rise of about 230%.
- Versant's platforms revenue grew 9.5% to $192 million, supporting its goal to reach 50% digital/subscription mix.
- The transaction is slated to close before Dec 31, 2026.
- Broadcom shares up ~4% in premarket trading after deal extension
- Apple accounts for ~20% of Broadcom's annual revenue
- Partnership includes 5G RF components and wireless connectivity chips
- Leonardo to increase stake in Italy's National Strategic Hub (PSN) cloud venture from 25% to 35%
- Poste Italiane targets 65% stake in PSN, currently holding 20% with plan to acquire TIM's 45%
- PSN manages €2B EU Recovery Fund-backed cloud migration for Italy's public sector
- Bentley's first all-electric vehicle will be named Torcal, adding a fourth model to its lineup.
- The name 'Torcal' is derived from El Torcal de Antequera, a natural landmark in Spain, continuing Bentley's naming convention.
- The name also links to the Latin 'torquere' (torque), hinting at the powerful electric powertrain's characteristics.
- The EV has been undergoing testing, with sightings in the Arctic Circle and at the Nürburgring.
- BP holds roughly a 25% stake in the offshore wind farm off northern Japan.
- The company is evaluating a withdrawal from the joint project with Japanese partners.
- Pulling out would represent a setback to Japan's offshore wind expansion targets.
- Form 4 filing submitted on July 6
- Disclosure pertains to insider transactions
- No material impact indicated in filing
- President Trump called Walmart "patriotic" after the chain lowered beef prices
- The remark reverses his earlier criticism of Walmart's response to tariffs
- Walmart's beef price cuts may boost consumer demand for the meat
- Covenant Logistics Group Inc submitted a Form 4 filing on July 6
- Form 4 discloses insider transactions for the company
- No immediate market impact anticipated from the filing
- Cloudastructure announces a revision of its capital structure
- The company eliminates its variable conversion feature from existing securities
- Change may affect existing shareholders and future financing options
- CEO Maimon bought $2,011 worth of Cuentas Inc. common shares
- Purchase disclosed in recent insider filing
- Insider buying may signal confidence in the company's outlook
- Walmart announced price cuts on summer merchandise in all U.S. stores.
- Discounts target categories such as apparel, outdoor gear and home goods.
- The pricing strategy aims to boost sales ahead of the back‑to‑school period.
- Mike Cinnamond named CEO of B2Gold (TSX: BTO, NYSE-A: BTG, NSX: B2G)
- New CEO's immediate priority is completing the Goose mine ramp-up in Nunavut
- Ramp-up aims to restore production at the Goose gold mine
- Bookshop.org confirms Kobo integration will roll out "later this year" after delays from 2025/2026.
- Business terms between Bookshop.org and Kobo have been settled, but engineering timeline remains unspecified.
- Kobo eReader, with about 12 million users in 190 countries, aims to enable purchases that support independent bookstores.
- The partnership was previously slated for 2025, then 2026, before being pushed to an indefinite future.
- Drill intercepts at Luanga suggest potential upgrade of platinum-palladium resource
- Assays indicate notable grades of both platinum and palladium (exact values not disclosed)
- Company plans further drilling to expand the project footprint
- Results support Bravo Mining's growth strategy for its Brazilian assets
- GoldStone Resources (AIM: GRL) shares surged after Hong Kong-listed Persistence Gold Group (HKEX: 2489) acquired a 21% stake for £3.51 million ($4.6 million)
- Strategic investment aims to support Ghana-focused gold development projects
- GoldStone’s stock price jumped on the news, reflecting investor confidence in the partnership
- 1,250 hp (932 kW) and 691 lb-ft (937 Nm) of torque from a bespoke 2.88-liter twin-turbocharged flat-plane crank V8
- 0-60 mph in 1.92 seconds, 8.6 second quarter mile, and 253 mph top speed
- Recently secured lap records at 5 California racetracks
- CFO Stoddard sold $1,775 worth of JELD shares
- Transaction disclosed in a Form 4 filing
- Sale represents a small fraction of his total holdings
- No additional insider transactions reported
Thai Markets 6
- Direct GDP contribution expected to grow from 0.93% to 2.47% over five years.
- Capacity to rise from ~1,400 MW in 2026 to ~3,700 MW by 2030, a 27.2% CAGR.
- Projected capital inflows of about 2 trillion baht and increased fiscal revenue.
- Power reservation requests of ~30,000 MW are speculative; committed demand remains much lower.
- Thailand’s reserve margin stays around 27% (53 GW capacity vs 35.9 GW peak demand).
- Thai seaplane market faces regulatory challenges, hindering development
- New regulations require environmental impact assessments, delaying launches
- Operator Siam Seaplane targets 70m baht in revenue next year, 650m baht in 5 years
Other 24
- Twin earthquakes in Venezuela have left thousands injured and many missing.
- International aid teams have rescued dozens of survivors and are preparing to leave.
- Thousands of residents are still searching rubble for relatives, heightening criticism of the government's response.
- Persistent drought conditions continue across parts of British Columbia
- Forecasters predict a warmer-than-average summer due to an upcoming El Niño event
- Mining companies are preparing for an intensified wildfire season that could disrupt operations
- Preliminary hearing began Monday and is scheduled to last five days.
- Prosecutors will seek a judge's approval to move Tyler Robinson to trial for the September killing.
- Defense aims to eliminate the death penalty option, but has not succeeded so far.
- Evidence includes a confession note, text messages, roommate video, and disputed ballistics.
- Federal government may impose up to a 40% reduction in Colorado River water allocations over the next 10 years
- The river supplies water to 35‑40 million people across seven western states
- A century‑long megadrought has pushed the crisis to a breaking point
- States could face mandatory water‑use restrictions if cuts are enacted
- CSE carried out three foreign active cyber operations in 2023 targeting fentanyl chemical brokers, an extremist group, and a ransomware‑as‑service gang.
- The agency also disrupted infrastructure of ten major ransomware gangs and executed one defensive operation against a phishing campaign.
- Operations aimed to diminish the targets' ability to operate, recruit, and extort, including deleting data on the ransomware gang's servers.
- China's Tianwen-2 spacecraft captures first close-up image of near-Earth asteroid 2016 HO3
- Asteroid size smaller than anticipated, making sample-return task 'far more difficult'
- Spacecraft approaches asteroid within 20km during its approach phase
- Ronaldo became the first player to score in six different World Cups (2006‑2026).
- At 41 years, 147 days, he set the record as the oldest World Cup knockout‑stage scorer.
- Portugal were eliminated by Spain in the round of 16, marking Ronaldo's final World Cup appearance.
- Ronaldo finished with 27 World Cup matches and 11 goals, the most‑capped Portuguese player.
- FIFA lifted a one‑match ban on striker Folarin Balogun ahead of the USA‑Belgium round‑of‑16 match.
- President Donald Trump said he asked FIFA to review the suspension, prompting criticism of political influence.
- The decision has divided US fans and drawn criticism from Belgian officials and commentators over referee authority.
- Up to $1,000 in free money is offered through the Trump account program.
- Eligibility is limited to U.S. residents who meet specific income and age criteria.
- Sign‑up is done online by providing personal details and linking a bank account.
- Deputy Transport Minister directs Aerothai to modernise ATC system to support regional airport growth
- Phitsanulok Airport handles about 1,838 flights a month (62% military, 38% civilian) with five daily commercial flights
- Aerodrome Flight Information Service (Afis) to be piloted at Phrae and Phetchabun airports in 2028
- Plan aims to boost tourism and local economies in lower northern provinces under Thais Help Thais Plus scheme (until Sept 30)
- ACSC intervened in 18 scams between June 28‑July 4, rescuing a victim of a 10 million‑baht call‑centre fraud.
- Weekly online fraud reports rose to 5,588 cases, with total losses of 207.7 million baht, up 496 cases and 47.5 million baht from the prior week.
- Impersonation scams caused the largest losses, amounting to 71.75 million baht; online shopping scams accounted for 78.7% of complaints.
- Victims were predominantly women and people aged 21‑30, who remain the most affected demographic.
- The Northern Metropolis is pitched as a long‑term solution to Hong Kong's land shortage and economic transformation.
- Government policy calls for embedding nature conservation and urban‑rural integration, including preserving farmland.
- Critics warn a growing contradiction between large‑scale development and the need to protect agricultural land.
- NRC issued a proposed rule before the July 4 holiday to revise language around ALARA and LNT standards
- The new rule retains current safety objectives while removing vague terminology
- Industry cost savings from the change are estimated at roughly $9.5 million per year
- The revisions are described as minor and unlikely to affect nuclear plant construction timelines
- Hong Kong's legislature may review its code for members after a lawmaker's resignation
- William Wong's drink-driving case could lead to amendments in the code
- Review of the code is routine, but the incident may expedite changes
- 69 victims reported experiencing sexual harassment in Hong Kong churches over 2 decades
- Survey found spiritual leaders mishandling complaints, including downplaying incidents
- Recommendations made to broaden implementation of anti-sexual harassment policies
- Durian has become one of Malaysia's fastest‑growing agricultural exports in recent years.
- Premium Musang King varieties were buoyed by strong demand from China.
- A recent production surplus has caused durian prices to plunge.
- Industry experts predict a record TV viewership for the U.S.-Belgium match
- The game comes amid controversy surrounding former President Trump's comments on the World Cup
- Potential audience could surpass previous World Cup broadcast peaks
- Senator Celeste Amarilla called Mbappe a “colonised Cameroonian” after France’s 1‑0 win over Paraguay.
- Mbappe labeled her “despicable” and the French Football Federation said it will file a criminal report.
- France’s victory moves them to the World Cup quarter‑finals against Morocco.
- USA face Belgium in round of 16 at Seattle Stadium, Washington
- Kickoff scheduled for 5pm local time (00:00 GMT) on Tuesday
- Match part of FIFA World Cup 2026, co-hosted by the United States
- In April 1985, Space Shuttle Discovery (STS‑51D) carried two 15‑inch copper replicas of the Statue of Liberty.
- The miniatures were crafted from copper removed during the full-size statue’s restoration.
- After the mission, one replica was displayed and the other melted into copper seals sold to the public.
- Prince Harry was denied a stay at Buckingham Palace after failing to accept an invitation in time
- His children, Archie (7) and Lilibet (5), will not travel to London for the visit
- The move underscores ongoing tension between King Charles and his second son
- On‑screen message mistakenly promised a safety‑car restart on lap 48, but no restart happened
- Qualifying energy limit capped at 6.5 MJ per lap, lower than the 8 MJ allowed in sprint and race
- Reliability woes continued as the fastest car did not win the race
- 20-year-old Indonesian woman, Keiko Altaira Hanafi, was found stabbed in her Hamamatsu flat.
- Police discovered her in critical condition at around 11:40 am and later confirmed her death.
- The incident occurred in a residence she shared with her parents.
- Investigators are probing a possible link to a nearby train accident that killed a man.
- Red rainstorm warning issued for 1 hour on Monday night
- Suspected waterspout spotted off Cheung Chau
- Warning cancelled at 10.45pm
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