📅 Economic Releases
| Time (ET) | Event | Impact |
|---|---|---|
| 8:30 AM | Philly Fed Manufacturing Index | Medium |
| 8:30 AM | Unemployment Claims | Medium |
📊 Earnings Today
📈 Premarket Gainers & Losers
🎯 Gamma Flip Point — $SPX (S&P 500 Index)
$SPX gamma flip point is 7425.35 |
🔥 Hot Market News
| Interest rates stay steady for now, but more Fed officials are signaling hikes later this year The Federal Reserve decided to maintain interest rates in the range of 3.5% to 3.75%, marking the fourth consecutive meeting with steady rates. Under new Chairman Kevin Warsh, the Fed introduced operational changes, including the elimination of forward guidance, while the economy faces elevated inflation and ongoing geopolitical tensions.
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| JPMorgan's Michele Says Fed Market Message Is To Brace For Hikes JPMorgan strategist Michele warns that the Federal Reserve's recent communications suggest investors should prepare for potential interest rate hikes in the near future.
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| Microsoft makes big AI inroads in China by selling OpenAI models Microsoft has significantly expanded its AI model sales to Chinese companies, with ByteDance, Ant Group, Meituan, and Tencent being major clients, despite U.S. concerns over intellectual property and competition. The company's AI revenue in China surged over 400% in the fiscal year ending June 2025, with a unique partnership with OpenAI allowing them to set specific sales policies for the region.
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| Trump suggests sanctions on Iran could be removed 'once they behave' Donald Trump indicated that sanctions on Iran might be lifted if Iran alters its behavior to align with certain unspecified expectations or conditions.
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| Trump Blows Through His Iran Red Lines in Justifying Peace Deal President Donald Trump justified an interim peace deal with Iran by allowing uranium enrichment, ballistic missile development, and access to frozen funds, which contradicts the red lines he previously set. This decision has surprised both supporters and critics, as Trump aims to end the war and reopen the Strait of Hormuz, with a memorandum signed at Versailles opening 60 days of further negotiations.
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| Apple to raise prices as AI boom pushes up chip costs Apple CEO Tim Cook announced that the company plans to raise product prices due to surging costs of memory chips, driven by high demand from the AI boom and supply disruptions from global events. He noted that the price increases are unavoidable but did not specify which products will be affected or when the hikes will occur.
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| Major Chinese Stock Gauge Nears Bear Market as Growth Concerns Worsen The MSCI China Index fell significantly, nearing a bear market, as concerns over China's growth outlook grow and Internet and consumer firms like Alibaba and Tencent drag down performance. A downturn in retail spending and fierce domestic competition further highlight the weaknesses in China's market compared to tech-heavy regions like South Korea and Taiwan.
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| Russia piles up debt Russia's national debt is increasing significantly as the country accumulates liabilities, raising concerns about its financial stability amid ongoing international tensions and economic pressures.
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| Higher prices for gas, groceries and flights will likely outlast the Iran war A tentative U.S.-Iran agreement aims to reopen the Strait of Hormuz and end the conflict, but experts say price relief for gas, groceries, and flights could take time. Oil prices have dropped, but costs may remain high due to disrupted supply chains and advance purchasing by industries.
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💱 Forex & Commodities
| Crude oil edges lower as deal to reopen Hormuz goes into effect Crude oil prices declined as a US-Iran interim deal was signed, which could resume oil flow through the Strait of Hormuz and alleviate some inventory pressure at Cushing despite still-low stockpiles.
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| Yen Falls to Weakest Level Against the US Dollar Since July 2024, Raising Intervention Concerns The Japanese yen fell to its weakest level against the US dollar since July 2024, leading to concerns about possible intervention by Japanese authorities. This decline is driven by expected Federal Reserve interest rate hikes and concerns that the Bank of Japan is not raising borrowing costs quickly enough to combat inflation.
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| Asian Currencies Under Pressure as US Federal Reserve Holds Interest Rates Steady Asian currencies are expected to face pressure from a strong US dollar after the Federal Reserve decided to keep interest rates unchanged at 3.5 to 3.75 percent during its latest meeting, despite inflation remaining above target.
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| JP Morgan: Falling Oil Prices A Massive Tailwind For Global Stock Markets Oil prices dropped significantly after a peace deal between the U.S. and Iran, easing supply concerns and potentially allowing central banks to cut interest rates, while the UAE's exit from OPEC contributes to structural downward pressure on prices.
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🪙 Crypto News
| The bond market is flashing a clear signal on interest rates. Bitcoin bulls should take note The U.S. bond market is experiencing a yield curve flattening, with the gap between the 10-year and two-year Treasury yields narrowing to the tightest spread since 2025, signaling a more hawkish Federal Reserve outlook. This shift suggests expectations for prolonged higher interest rates, which diminishes the appeal of non-yielding assets like bitcoin and cryptocurrencies.
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| Fidelity launches money market fund to manage stablecoin reserves under new GENIUS Act. Fidelity Investments has introduced the Fidelity Reserves Digital Fund, a money market fund designed to manage reserves for stablecoin issuers and institutional investors, complying with the new GENIUS Act.
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| Moody's Brings Its Credit Ratings to the Solana Blockchain Moody's has integrated its credit rating services with the Solana blockchain, enabling the use of its credit ratings within decentralized finance (DeFi) applications on the platform.
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| Mexican billionaire with 70% of his investment portfolio in bitcoin says it's better than real estate Ricardo Salinas Pliego doesn’t just talk about Bitcoin. The Mexican billionaire now has roughly 70% of his investment portfolio tied to it, a allocation decision that places him among the most concentrated high-net-worth bitcoin backers globally.
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