Global markets face a pivotal week with Federal Reserve, Bank of Japan, and Bank of England meetings, heightened by Middle East conflict, oil prices above $100, and new US tariffs. Investors also await Big Tech earnings and inflation data for interest rate clues.
The US imposed new tariffs on 60 economies over forced labor, drawing international condemnation and impacting global markets. Volkswagen and SAP cut profit outlooks, while a bill requiring AI kill switches was introduced in Congress.
Brent crude surpassed $100 a barrel after Houthi attacks on Saudi oil tankers, escalating Middle East tensions and prompting a US warning to Iran. This fueled inflation fears, driving Treasury yields higher and causing a market sell-off, while tech stocks experienced volatility due to AI spending plans and regulatory fines.
Indian space-tech startup Skyroot successfully test-launched a low-orbit rocket with a 350kg payload, becoming the first Indian private company with orbital launch capability. It plans commercial operations by 2027, aiming for monthly launches and cost competitiveness in the small payload market.
S&P Global Market Intelligence, Türkiye Cumhuriyet Merkez Bankası'nın (TCMB) 23 Temmuz'daki Para Politikası Kurulu (PPK) toplantısında politika faizini yüzde 37'de sabit tutacağını tahmin etti. Küresel enerji fiyatlarındaki dalgalanma ve Orta Doğu'daki gerilimler, temmuz ayındaki dezenflasyonun faiz indirimi için yeterli olmayacağını gösteriyor.
Skyroot Aerospace's Vikram-1 rocket successfully completed its maiden orbital mission from India, carrying customer payloads and making India the third country with private orbital launch capability. Analysts emphasize the need for Skyroot to demonstrate regular, cheap, and reliable launches for commercial success.
Tether Gold (XAUT) has been recognized as an Accepted Spot Commodity in Abu Dhabi Global Market (ADGM), enabling regulated firms to offer services involving the tokenized gold asset. This follows USDt's prior acceptance and supports business growth, with XAUT's TVL tripling to $2.86 billion.
LandSpace Technology's IPO review was restored, seeking $1.1 billion for reusable rockets. CAS Space also plans to use IPO funds for similar projects. This follows China's successful sea recovery of a Long March-10B rocket, highlighting domestic advancements in reusable rocket technology.
Bitcoin remained above $62,000 as renewed US-Iran conflict in the Strait of Hormuz boosted oil prices, sparking inflation concerns. Higher energy costs could pressure the Federal Reserve to maintain tighter monetary policy, impacting speculative assets like Bitcoin.
Serbia's Minister without Portfolio, Nenad Popovic, expressed gratitude to Russia for reliable gas supplies, highlighting the favorable terms and lowest price from Gazprom. He attributed these agreements to the strong relationship between Serbian President Aleksandar Vucic and Russian President Vladimir Putin.
Bitcoin fell below $62,000, down nearly 2% in 24 hours, influenced by a global risk-off mood. A sharp selloff in semiconductor and AI stocks, renewed profit-taking in Asian markets, and rising oil prices due to US-Iran tensions contributed to the downturn. The Federal Reserve's June meeting minutes also added to investor apprehension.
Renewed fighting between the US and Iran has caused crude oil prices to jump 7% and stock prices to fall significantly. The escalation threatens market volatility and could impact Federal Reserve interest rate decisions.
Renewed fighting between the US and Iran has caused crude oil prices to jump 7% and stock markets to fall. President Trump declared an end to a ceasefire, leading to US military strikes on Iranian targets. This escalates global market volatility and adds pressure on the Federal Reserve.
Global markets and oil prices reacted sharply to US President Donald Trump's strong statements against Iran, signaling potential further strikes and the end of a memorandum of understanding. Stock indices fell, while oil prices and energy stocks surged.
Global markets and oil prices are volatile following new US-Iran strikes. President Trump suggested negotiations are "over," raising fears of renewed conflict. The article outlines a timeline of past and potential future escalations.
Global stock markets and oil prices surged Wednesday after President Trump questioned the Iran ceasefire, sparking fears of supply disruptions. Wall Street opened lower, with the S&P 500 down 0.5% and Dow Jones down 1%. Brent crude rose 4.8% to $77.74.
Russia's wheat exports rose by 13.7% to 48 million tons in the 2025/26 agricultural season, up from 42.2 million tons the previous season. The increase occurred despite heightened global competition, with key importers including Egypt, Turkey, Sudan, Saudi Arabia, and Kenya.
Global markets and oil prices experienced volatility following new strikes exchanged between the United States and Iran. The conflict threatened lives across the region, including foreign residents in Gulf nations. Despite a fragile ceasefire and interim deals, tensions remained high, with fighting and negotiations continuing.
Global markets and oil prices are volatile following new US and Iran strikes. President Trump suggested negotiations might be over, raising concerns for regional stability, including Israel and Lebanon, and impacting global oil supplies via the Strait of Hormuz.
Mainland Chinese tech companies are increasingly using Hong Kong not just for capital markets but also for global connectivity to refine products, build international partnerships, and expand overseas. Yunji Technology, a service robot maker, sees Hong Kong as a key gateway for global markets and a testing ground for its products.
Middle Eastern oil production decreased by 8.3 million barrels per day in June. Global oil markets are anticipated to return to pre-conflict levels by year-end, with production resuming in Q1 2027, according to the US EIA.
India's state-owned oil refiners Indian Oil Corp and Hindustan Petroleum Corp purchased approximately 7 million barrels of crude oil last week. This comes as the country's crude inventories have recovered significantly after disruptions.
South Korea has expanded its won trading hours to a global 24-hour market, aiming to enhance accessibility and convenience in FX trading. The move reflects the economy's evolution towards increased overseas investment.
US pharmaceutical company Indivior will withdraw its "life-saving" opioid dependency drug Sublocade from the Australian market by December 31, citing commercial reasons. The decision has alarmed doctors and pharmacists, who note Sublocade's effectiveness and patient preference over alternatives like Buvidal. This follows AstraZeneca's recent withdrawal of Zoladex, also due to commercial viability concerns.
