📅 Economic Releases
| Time (ET) | Event | Impact |
|---|---|---|
| 5:25 AM | FOMC Member Bowman Speaks | Low |
| 12:30 PM | FOMC Member Waller Speaks | Low |
| 2:00 PM | Federal Budget Balance | Low |
📊 Earnings Today
📈 Premarket Gainers & Losers
🎯 Gamma Flip Point — $SPX (S&P 500 Index)
$SPX gamma flip point is 7556.1 |
🔥 Hot Market News
| Goldman Sachs Recommends Yen, Swiss Franc, and Euro for Carry Trades Amid Favorable Market Conditions Goldman Sachs recommends using the Japanese yen, Swiss franc, and euro for carry trades as market conditions are deemed the most favorable since 2000. Despite risks, carry trades involving G10 currencies have yielded about 8% this year, outperforming global bonds, gold, and Bitcoin.
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| Technoprobe’s 330% Surge Makes It a European AI Stock Standout Technoprobe SpA, an Italian firm specializing in probe cards for chips used by companies like Nvidia, has seen its shares rise over 330% in the past year due to the increased demand for advanced semiconductor testing equipment. The company's stock surged after raising its 2027 guidance, and analysts project continued growth as testing complexity increases in the semiconductor industry.
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| Korea’s levered ETFs are shaking up global markets South Korea's rapid introduction of 16 single-stock leveraged ETFs based on Samsung Electronics and SK Hynix saw assets skyrocket from $3 billion to $9.1 billion in under a month, prompting regret from regulators and a severe market sell-off, affecting the KOSPI and international semiconductor stocks.
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| BMW, Volkswagen sales decline on worsening slump in China BMW and Volkswagen reported a significant drop in vehicle sales for the second quarter, primarily due to decreased demand in China amid strong local competition and a real estate crisis. BMW reported a 30% decline in China, whereas Volkswagen experienced a 37% drop, while both companies saw growth in EV sales in Europe and North America.
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| Europe's Earnings Momentum Is Taking Off, And That's Unusual Europe is experiencing a notable increase in earnings momentum, which is an uncommon trend for the region, suggesting a potential shift in its economic trajectory.
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| China Warns Russia Against Using Nuclear Weapons in Ukraine China has reiterated its opposition to Russia using nuclear weapons against Ukraine, urging Moscow to avoid any atomic attacks amidst increased nuclear threats from Russian officials in 2026.
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| Elliott Builds Stake in Car Insurance Software Firm CCC, Exploring Sale Elliott Management has increased its investment in CCC Intelligent Solutions, a company specializing in car insurance software, as the firm considers a potential sale.
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| Trump says US will ‘completely decimate and destroy’ Iran if it attempts to kill him Donald Trump has warned that the United States will use overwhelming force against Iran if it tries to assassinate him, following reported threats from Tehran.
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| U.S. launches fresh strikes on Iran as Tehran says it has closed Strait of Hormuz The U.S. and Iran have exchanged military strikes for the third consecutive weekend after President Trump declared the ceasefire over, with Iran firing on a ship in the Strait of Hormuz and the U.S. retaliating by striking multiple sites in Iran. The conflict has led to increased regional tensions, with Iran declaring the Strait closed, while the U.S. maintains it is open, amid ongoing international mediation efforts.
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| Korea’s world-beating stocks are now trading cheaper than ever Despite an 80% rise in South Korea's Kospi index this year driven by surging profits from Samsung and SK Hynix, the market trades at record-low valuations due to recent sell-offs and doubts about the sustainability of the AI trade. While forward earnings estimates continue to rise, concerns remain over the cyclicality of memory chip earnings and competitive pressures.
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💱 Forex & Commodities
| Wheat Soars as Ukraine Attacks on Russia Seen as Export Risk Wheat prices increased significantly due to concerns that continued attacks by Ukraine on Russia could disrupt wheat exports from the region, impacting global supply chains and market stability.
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| Traders Hedge for FX Volatility Return as Fed Uncertainty Builds Currency traders are buying protection against potential exchange-rate swings as Federal Reserve expectations change and geopolitical tensions escalate, notably between the US and Iran. Expected volatility in major currencies has increased slightly, with strategists predicting a rise in volatility, and hedging costs are starting to rise as traders prepare for key economic data releases.
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| USD/JPY Unwind Accelerates as GPIF Headlines Spark Yen Buying The unwinding of the USD/JPY pair gained momentum after headlines regarding Japan's Government Pension Investment Fund (GPIF) triggered increased buying of the yen.
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🪙 Crypto News / Prediction Markets / AI
| Crypto Stablecoin issuer Circle just got the greenlight to operate as a bank. Circle has been granted approval by the U.S. Office of the Comptroller of the Currency to operate as a trust bank, allowing it to manage reserves directly for its USDC stablecoin. This move simplifies regulatory processes and enhances its financial infrastructure, as the company shifts away from reliance on third-party banks and custodians.
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| Stablecoin market cap has shrunk by $10 billion since May In June, the stablecoin market saw its largest decline since the collapse of Terra-Luna in May 2022, with a decrease of $7.7 billion in market capitalization as Tether's USDT and Circle's USDC experienced significant drops. Despite bullish growth forecasts for stablecoins, this setback highlights diminishing onchain liquidity in the crypto markets.
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| Meta's Chief Data Officer Says Agentic Commerce is the "Next Tier of Business" Meta executive Schultz discusses the rise of agentic commerce as an inevitable part of the company's future, predicting the obsolescence of physical wallets in favor of digital payments and stablecoins. He highlights Meta's million active business agents using WhatsApp and criticizes the U.S.'s reliance on iMessage, pointing to the growth of conversational commerce in Asia as evidence of this shift.
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| Hyundai Becomes First Major South Korean Company to Launch Stablecoin-Based Internal Transfers Hyundai moved its stablecoin-based, cross-border remittance system into production on the Avalanche blockchain, successfully transferring $20,000 between its U.S. and Mexico entities in just seven minutes, significantly faster than traditional banking methods. The project plans to expand into additional payment corridors and currencies, and a second pilot will commence with Hyundai's European subsidiaries to explore further efficiencies.
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🛠️ Free Market Tools
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