📅 Economic Releases
| Time (ET) | Event | Impact |
|---|---|---|
| 8:30 AM | Core PPI m/m | High |
| 8:30 AM | PPI m/m | High |
| 10:30 AM | Crude Oil Inventories | Low |
| 12:29 PM | Fed Chair Nomination Vote | High |
📊 Earnings Today
📈 Premarket Gainers & Losers
🎯 Gamma Flip Point — $SPX (S&P 500 Index)
$SPX gamma flip point is 7366.56 |
🔥 Hot Market News
| Iran’s Kharg Island Oil Shipments Show First Prolonged Halt Since Start of War Satellite images show that oil shipments from Iran's Kharg Island have stopped, marking the longest stretch without tankers since the start of the war. The halt could force Iran to reduce production further as storage facilities reach capacity.
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| ECB's Nagel sees rate hikes increasingly likely European Central Bank's Governing Council member Joachim Nagel indicated that further interest rate hikes by the ECB are becoming more probable due to rising inflationary pressures.
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| Defense Secretary Hegseth Asserts Trump Can Resume Iran Strikes Without Congress U.S. Defense Secretary Pete Hegseth stated that President Trump can restart military strikes on Iran without congressional approval, citing authority under Article 2 of the Constitution, despite surpassing the War Powers Resolution's 60-day limit. The remarks were made amid ongoing tension with Iran and concerns raised by Sen. Lisa Murkowski regarding the need for congressional authorization.
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| Trump says stopping Iran's nuclear programme outweighs Americans' economic pain Donald Trump stated that preventing Iran from developing a nuclear program is a priority that surpasses the economic difficulties faced by Americans due to policies aimed at achieving this goal.
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| Nvidia is buying the chip supply chain Nvidia is acquiring key elements of the semiconductor supply chain to strengthen its position in the market and ensure greater control over its production processes amid global chip shortages.
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| Deepening Memory Crunch Widens Gap Between Stock Winners & Losers A shortage in memory chip supplies is exacerbating disparities in the stock market, as companies that secure memory inventory benefit while others face challenges in performance and valuation.
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| Google and SpaceX Discussing Rocket-Launch Deal for Orbital Data Centers Google is negotiating with SpaceX, among other companies, to launch data centers into orbit, aligning with SpaceX's plans to expand its orbital data-center business. Google already owns a 6.1% stake in SpaceX and aims to launch prototype satellites by early 2027 as part of Project Suncatcher.
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| The AI legal services industry is heating up — Anthropic is getting in on the action Anthropic has launched new chatbot features for law firms, expanding its Claude for Legal plug-in with specialized tools for areas such as document drafting and AI governance, while integrating with platforms like Docusign and Box. These developments follow significant investments in the legal AI space, highlighting the industry's increasing reliance on automated solutions.
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💱 Forex & Commodities
| Goldman Sachs sees broad dollar strength as energy shock keeps yields elevated Goldman Sachs predicts that the ongoing energy price shock will maintain elevated US yields and strengthen the US dollar against G10 currencies, particularly recommending selling positions against the Swedish krona, euro, and British pound. The US benefits from its status as the largest oil producer, providing insulation from the energy shock, while yen weakness is expected to persist due to a lack of macroeconomic policy shifts in Japan.
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| Hormuz closure stalls construction projects as material costs soar Construction activity in multiple countries is coming under pressure as instability around the Strait of Hormuz interrupts supply chains and increases the cost of products tied to oil production, including coatings, insulation materials and other essential building components. Industry leaders say the knock-on effects are beginning to delay developments and inflate project budgets. Given that construction represents a major share of the global economy, the disruption to energy supplies from the Middle East is creating growing concern across the sector.
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| Gold Slips as US Inflation Fuels Fed Rate Hike Speculation Gold prices fell for a second day as rising US inflation increased expectations of a Federal Reserve interest rate hike this year, with bullion trading at around $4,695 an ounce. Amid inflation concerns, US yields rose, and India's unexpected increase in import tariffs on gold aims to bolster its foreign exchange reserves.
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🪙 Crypto News
| JPMorgan Asset Management Files for Second Tokenized Money Market Fund on Ethereum JPMorgan Asset Management filed to create a second tokenized money market fund, JPMorgan OnChain Liquidity Token Money Market Fund (JLTXX), on Ethereum, allowing institutional investors to use blockchain for liquidity management. The fund plans to invest in US Treasury securities and use blockchain for transaction requests while maintaining traditional recordkeeping systems.
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| Wall Street Works on Using Blockchain for $13 Trillion Repo Market Wall Street institutions are exploring the implementation of blockchain technology to enhance efficiency and security in the $13 trillion repurchase agreement (repo) market.
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| Payward and Franklin Templeton Collaborate to Move Financial Products onto Blockchain Payward, Kraken's parent company, teams up with Franklin Templeton to integrate traditional financial products into blockchain networks, including tokenized equities and money market funds, while Kraken will feature Franklin Templeton’s BENJI funds for institutional clients.
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| Block Inc.'s Square Enables Bitcoin Payments for Over 1 Million Merchants Square, part of Block Inc., has enabled Bitcoin payments for more than 1 million merchants through auto-enrollment using the Lightning Network, with transactions settling in USD to mitigate currency risk. This initiative aims to position Bitcoin as everyday money, with features such as tap-to-pay using NFC hardware and zero processing fees, while also integrating Bitcoin services across Block's ecosystem.
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🛠️ Free Market Tools
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