News
Important Only
US Senate budget bill slashes money to fill oil reserve
WASHINGTON, July 1 (Reuters) - The budget bill passed by the U.S. Senate on Tuesday slashes the amount of money available to replenish the Strategic Petroleum Reserve even though President Donald Trump vowed on his first day in his second term to fill it "right to the top".Reuters
Wed, Jul 2
Trump urges Hamas to accept 'final proposal' for 60-day Gaza ceasefire
WASHINGTON, July 1 (Reuters) - U.S. President Donald Trump urged Iran-backed Hamas militants on Tuesday to agree to what he called a "final proposal" for a 60-day ceasefire with Israel in Gaza that will be delivered by mediating officials from Qatar and Egypt.Reuters
Wed, Jul 2
GBP/USD teases new highs as Greenback pummeling continues
GBP/USD poked into its highest bids in 45 months on Tuesday, knocking a few inches closer to four-year highs as the US Dollar’s broad-market pummeling continues unabated. Lopsided trade policies, further aggravated by public musings about steep tariffs by President Donald Trump are keeping Greenback
Fxstreet
Wed, Jul 2
Trump escalates feud with Musk, threatens Tesla, SpaceX support
Trump suggests DOGE review Musk's subsidies for savingsMusk criticizes tax-cut bill, calls for a new political partyTesla shares drop 5.5% amid subsidy threatsSales of Tesla struggle worldwide as Musk bets on robotaxisTesla sales figures due WednesdayBy Nandita Bose, Steve Holland, Chris Kirkham...Reuters
Tue, Jul 1
Euro’s Parity Narrative Collapses — EUR/USD Hits Longest Winning Streak in Years, on Track for 9-Day Rally
TradingKey - In the first half of 2025, the U.S. dollar fell at its fastest pace since the early 1970s, and the euro surged in response. The EUR/USD exchange rate is now on track to record a rare nine-day consecutive rally, rendering many Wall Street forecasts from earlier this year obsolete.
TradingKey
Tue, Jul 1
REFILE-US STOCKS-Wall Street set to dip from record highs with Trump tax bill in focus
Futures down: S&P 500 0.36%, Nasdaq 0.51%, Dow 0.15%Tesla slips as Denmark, Sweden sales drop; Trump-Musk feudCircle up after applying for US trust bank licenseBy Sruthi Shankar and Nikhil Sharma July 1 (Reuters) - Wall Street indexes were set to dip on Tuesday, after touching record highs a ...Reuters
Tue, Jul 1
Oil Traders Bet on OPEC+ Fourth Output Hike; Saudi Strategy May Roil Oil Markets
TradingKey - According to recent developments in the oil market and trader forecasts, OPEC+ (the Organization of the Petroleum Exporting Countries and its allies) plans to significantly increase oil supply for the fourth time during its meeting scheduled for early July 2025.TradingKey
Tue, Jul 1
UK factory downturn shows signs of easing, morale ticks up, PMI shows
LONDON, July 1 (Reuters) - Britain's manufacturing sector showed some signs of turning a corner in its long slump and businesses pushed up their prices in June to offset higher labour costs, according to a survey published on Tuesday.Reuters
Tue, Jul 1
Stocks and dollar slip as investors await Trump's tax bill
TOKYO/LONDON, July 1 (Reuters) - Global shares dipped and the dollar traded near multi-year lows on Tuesday, having wrapped up its worst first-half performance since the 1970s, ahead of a vote over U.S. President Donald Trump's landmark tax-cut and spending legislation.Reuters
Tue, Jul 1
“Golden July” for the Yen? Market Bets on JPY Strength — Could USD/JPY Return to 140?
TradingKey - Since mid-May, the USD/JPY exchange rate has hovered around 145 , with the yen’s earlier strengthening trend stalling in early 2025. However, as the U.S. dollar weakens at its fastest pace in over half a century and Japanese economic activity picks up, investors are increasingly betting
TradingKey
Tue, Jul 1
Solar and Wind Face Renewed Pressure as Tax Bill Targets Clean Energy Incentives
TradingKey - The Senate’s new version of the tax bill, known as the “Big Beautiful Bill,” could deliver a significant hit to the clean energy sector. It accelerates the phase-out of clean energy subsidies and introduces new consumption taxes targeting wind and solar sectors.
TradingKey
Tue, Jul 1
SiC Leader Wolfspeed Files for Bankruptcy; Shares Soar 70.5% After-Hours
TradingKey - On Monday, Wolfspeed (WOLF.US), a silicon carbide semiconductor manufacturer that once held a market share of over 60%, voluntarily filed for Chapter 11 bankruptcy protection in the U.S. to restructure its debt. This marks one of the largest bankruptcy filings so far this year, second..
TradingKey
Tue, Jul 1
ECB Forum Preview: World’s main central bankers expected to shed light on interest rates as uncertainty grows
Jerome Powell, Chairman of the Federal Reserve System (Fed), and Christine Lagarde, European Central Bank (ECB) President, will speak at the 2025 ECB Forum on Central Banking at 13:30 GMT on Tuesday, July 1.Fxstreet
Tue, Jul 1
Circle Struggles to Gain Momentum — JPMorgan Downgrades to “Underweight,” Predicts Drop to $80
Circle (CRCL), the issuer of the USDC stablecoin, continues to show signs of weakness. On Monday, the stock edged up just 0.48% to $180.43, still down nearly 40% from its June 23 peak of $298.
TradingKey
Tue, Jul 1
GLOBAL MARKETS-Stocks edge up, dollar wobbles as investors await Trump's tax bill
TOKYO/LONDON, July 1 (Reuters) - Global shares edged up and the dollar traded near multi-year lows on Tuesday, having wrapped up its worst first-half performance since the 1970s, ahead of a vote over U.S. President Donald Trump's landmark tax and spending legislation.
Reuters
Tue, Jul 1
China ready to discuss tariffs and subsidies with US at WTO
GENEVA, July 1 (Reuters) - China is ready to have discussions about trade policies, including tariffs and subsidies, that Washington has identified as obstacles to reforming the World Trade Organization, a senior delegate at China's mission to the WTO said.Reuters
Tue, Jul 1
Premarket Movers | Wolfspeed Soars 86%; BigBear.ai Gains 4%; Ondas Holdings Jumps 3%; AeroVironment, Quantum Corp Sink over 7%
Wolfspeed said it has filed for Chapter 11 bankruptcy protection, as the chipmaker grapples with huge debt amid slowing demand from electric vehicle and industrial markets. The shares soared about 86% in premarket trading.Tiger News
Tue, Jul 1
