Breaking Market News

US 30-YR MORTGAGE RATE TOPS 7% FOR FIRST TIME SINCE LAST FALL

US INFLATION FALLS TO A NEW 2 YEAR LOW OF JUST 3% Y/Y

An Australian court signed off on a A$450 million ($300 million) fine for Blackstone-owned owned casino operator Crown Resorts for breaking anti-money laundering laws, ending the darkest chapter in the company's history

French automaker Renault said on Tuesday worldwide sales of its flagship brand rose 11% in the first half of the year to 770,807 units, extending a rebound after four years of declines.

Bank of England Governor Andrew Bailey says inflation is likely to drop “markedly” this year and that the full impact of rate increases has yet to hit the economy

Apple $AAPL announced it will be reporting earnings after the markets close on Thursday, August 3rd

102 counterparties take $1.812 tln at Fed Reverse Repo Operation.

FED'S MESTER: I HAVEN'T DECIDED YET ON THE NEED FOR A JULY RATE HIKE, NEED MORE DATA.

Global hedge funds added more Chinese stocks to their portfolios than they sold in recent days for the first time in seven weeks, Goldman Sachs Group said in a report.

Fox stock downgraded on cord-cutting risks as viewership declines post-Tucker Carlson

🇺🇸 United States Consumer Inflation Expectations $USD
Actual: 3.8%
Previous: 4.1%

Morgan Stanley has hired senior investment banker Marco Caggiano from JPMorgan Chase & Co, where he led the bank's North America mergers and acquisitions (M&A) business, people familiar with the matter said on Monday.

This earnings season is likely to hurt S&P500, according to investors in the latest Bloomberg survey

Personal data of about 11 million patients of HCA Healthcare, the largest US hospital operator, was exposed in an online forum

🇺🇸 United States Wholesale Inventories (MoM) (May) $USD
Actual: 0.0% 🟢
Expected: -0.1%
Previous: -0.1%

🇺🇸 United States CB Employment Trends Index (Jun) $USD
Actual: 114.31 🔴
Expected: 116.26
Previous: 115.53

🇺🇸 United States Wholesale Trade Sales (MoM) (May) $USD
Actual: -0.2% 🔴
Expected: 0.3%
Previous: 0.2%

Threads may bring in $8 billion yearly for Meta by 2025, analyst forecasts

Fed's Barr Says Higher Capital Requirements Coming for Biggest Banks --WSJ

Fed's Barr Says New Rules Will Mean Biggest Banks Need Extra $2 of Capital for Every $100 of Risk-Weighted Assets -- WSJ

Fed's Barr: Extending 'Enhanced Capital Standards' to Banks With $100B in Assets, Down From $700B Threshold -- WSJ

"We are almost there, but some work remains" - says Fed’s Barr

To invest in renewable energy, Copenhagen Infrastructure Partners plans to raise €12 billion, which would make it one of the largest funds ever focused on shifting from fossil fuels.

China's Ministry of Finance:
Meetings were candid, pragmatic, in-depth, and constructive. China-US decoupling could be catastrophic.
China's development is a chance, not a challenge to the US. China brings gains rather than risks

Tesla and BYD models from China were exported 19,468 and 10,536 units respectively in June

In June, China sold 1.894 million passenger vehicles, a drop of 2.6% from a year ago but a rise of 8.7% from a month ago. This is the first time in this century that sales have grown month-on-month for 6 months in a row! EV sales grew by 25.2% year-on-year and 14.7% month-on-month to 0.665 mln units

Data from China that raise concerns of falling prices cause European stocks to drop and investors to weigh the chances of prolonged high interest rates

After a drop in domestic oil production that began in 2015, China has boosted its output this year to a level close to its highest ever.

This adds to the challenges faced by Saudi Arabia and its OPEC+ partners as they attempt to shrink the oil market.

Japan Economy Watchers Current Index (Jun) $JPY
Actual: 53.6 🔴
Expected: 55.0
Previous: 55.0