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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
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
