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MIDEAST STOCKS-Major Gulf markets edge higher as investors assess Trump's tax bill
July 1 (Reuters) - Major stock markets in the Gulf edged higher in early trade on Tuesday in line with Asian shares as markets awaited a U.S. Senate vote on President Donald Trump's landmark tax and spending legislation.Reuters
Tue, Jul 1
Japan's business mood holds up but US tariff worries grow, survey shows
Big manufacturers' sentiment improves, tankan showsBig non-manufacturers' sentiment worsens in Q2Despite US tariffs, big firms expect to increase capex this yearLittle sign of de-anchoring in corporate inflation expectationsData among factors BOJ will scrutinise at July 30-31 meetingBy Leika...Reuters
Tue, Jul 1
Trumps suggests DOGE look at Musk subsidies to save money
July 1 (Reuters) - U.S. President Donald Trump on Tuesday suggested his efficiency department should take a look at cutting the subsidies that Tesla CEO TSLA.O Elon Musk's companies have received to save the federal government money. "Elon may get more subsidy than any human being in history...Reuters
Tue, Jul 1
JGBs rise after strong auction for 10-year bonds
TOKYO, July 1 (Reuters) - Japanese government bonds rose following strong demand at an auction for 10-year bonds, prompting investors to cover short positions.The 10-year JGB yield JP10YTN=JBTC fell 4 basis points (bps) to 1.39% after the auction outcome was announced. Bond yields move inversely toReuters
Tue, Jul 1
Japan says it won't sacrifice farm sector for tariff deal after Trump rice complaints
TOKYO, July 1 (Reuters) - Japan will not sacrifice the agricultural sector as part of its tariff talks with the United States, its top negotiator said on Tuesday, after President Donald Trump complained that the key Asian ally was not buying American rice.Reuters
Tue, Jul 1
GLOBAL ECONOMY-Asian factories hobbled by US tariff risks despite modest relief
TOKYO, July 1 (Reuters) - Factory activity in many Asian economies shrank in June as U.S. tariff uncertainty kept demand low, but signs of modest relief for manufacturers raise the stakes in trade talks with Washington amid the region's gloomy economic recovery prospects.Reuters
Tue, Jul 1
Landmark EU tech rules holding back innovation, Google says
BRUSSELS, July 1 (Reuters) - Alphabet's GOOGL.O Google will on Tuesday warn EU antitrust regulators and its critics that landmark European Union rules aimed at reining in Big Tech are hampering innovation to the detriment of European users and businesses.
Reuters
Tue, Jul 1
Crypto Inflows Hit $2.7B in One Week, What Are Institutions Buying?
Crypto asset investment products saw continued momentum last week, with $2.7 billion in net inflows reported across major funds. According to data from CoinShares, this marks the 11th consecutive week of inflows, bringing the year-to-date total to $16.9 billion.Bitcoinist
Tue, Jul 1
GLOBAL ECONOMY-Asian factories hobbled by US tariff risks despite modest relief
TOKYO, July 1 (Reuters) - Factory activity in many Asian economies shrank in June as U.S. tariff uncertainty kept demand low, but signs of modest relief for manufacturers raise the stakes in trade talks with Washington amid the region's gloomy economic recovery prospects.Reuters
Tue, Jul 1
GRAINS-Corn drops for second session on improved US crop rating; soybeans, wheat down
SINGAPORE, July 1 (Reuters) - Chicago corn fell on Tuesday, with prices under pressure from a weekly U.S. report showing robust crop condition, boosting prospects of higher output amid plentiful Brazilian supplies.Reuters
Tue, Jul 1
AI Frenzy Reignites! Meta Stock Surges to Record High, Following NVIDIA’s Lead
Meta Platforms(META) soared to a new all-time high on Monday, June 30, hitting an intraday peak of $747.90 before closing up 0.61% at $738.09. The rally was fueled by a major restructuring of its AI division, signaling Meta’s deepening commitment to artificial intelligence.
TradingKey
Tue, Jul 1
Senate tries to overcome vote-a-rama, infighting to pass Trump's $3.3 trillion bill
Democrats criticize bill for Medicaid cutsSenate Republicans face internal divisions over debt impactRand Paul opposes bill due to $5 trillion borrowing limit hikeMusk says he'll target bill-backers in 2026 mid-term electionBy Richard Cowan, Bo Erickson and David Morgan WASHINGTON, June 30 (R...Reuters
Tue, Jul 1
Trump hammers Powell again as Bessent mulls Fed power transition timeline
Trump sends personal note to Powell on ratesTrump on social media says policy rate should be 1%Fed officials waiting on tariff impactBy Michael S. Derby and Howard Schneider June 30 (Reuters) - President Donald Trump on Monday continued hammering at the U.S. Federal Reserve to ease monetary policReuters
Tue, Jul 1
S&P 500, Nasdaq close at record highs, cap best quarter in over a year
S&P, Nasdaq end quarter with double-digit gainsBanking shares rise after Fed's stress test Indexes up: Dow 0.63%, S&P 0.52%, Nasdaq 0.48%By Sabrina Valle NEW YORK, June 30 (Reuters) - The S&P 500 and Nasdaq reached record closing highs on Monday, capping their best quarter in ov...Reuters
Tue, Jul 1
Apple weighs using Anthropic or OpenAI to power Siri in major reversal, Bloomberg News reports
June 30 (Reuters) - Apple AAPL.O is weighing using artificial intelligence technology from Anthropic or OpenAI to power a new version of Siri, instead of its own in-house models, Bloomberg News reported on Monday. Shares of the iPhone maker, which had traded down earlier in the session, closed 2% hi
Reuters
Tue, Jul 1
