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DBS: South Korea June Exports to Surge 50-60% YoY, Trade Surplus to Exceed $30bn
DBS Group Research forecasts South Korea's June exports will grow 50-60% year-on-year, with the trade surplus widening above $30 billion, driven by AI-related semiconductor demand and higher memory prices, supporting the central bank's rate hike path.
US Military Conducts New Strikes Near Strait of Hormuz
The US military has carried out fresh strikes in the area of the Strait of Hormuz, according to Axios. This marks the first US strikes in the region since a Memorandum of Understanding was signed.
Iran Resumes Oil Exports After 50-Day US Blockade
Iranian President Masoud Pezeshkian announced that Iran exported 16 million barrels of oil in recent days, ending a 50-day period without any shipments due to the US blockade.
India Names Avenue After Donald Trump in Hyderabad
India has announced the naming of 'Donald Trump Avenue' in Hyderabad, making Trump the first US president to have an avenue in India named in his honor.
Wall Street Ends Mixed: Dow and Nasdaq Dip, S&P 500 Edges Higher
U.S. stock markets closed with a mixed performance on the day. The Dow Jones and Nasdaq posted slight declines, while the S&P 500 managed a marginal gain.
AI Agent Market Set to Reach $300B by 2035, Memory Remains Challenge
New research projects the AI agent market will grow from $8 billion today to nearly $300 billion annually by 2035. However, a key limitation persists: AI agents struggle to remember information across sessions and understand data relationships.
Silver Breaks Below $60, Eyes $55 After Weekly Drop of 10.29%
Silver (XAG) fell below the $60 mark for the first time since early December, despite a Friday gain of nearly 2%. The metal is on track for a weekly loss of over 10%, with bears targeting $55.
US Dollar Faces Key Labor Market Test with NFP, ISM, and Central Bank Commentary Ahead
The upcoming week presents a major test for the US dollar as investors focus on NFP data, ISM manufacturing, Eurozone inflation, and remarks from the Fed, ECB, and BoE.
AAII Survey: Retail Bullishness Spikes to 2nd Highest Since January
The AAII survey for the week ending June 25 shows 44.9% of individual investors bullish, the second-highest since mid-January. The bull-bear spread turned positive for the first time in six weeks.
DBS Forecasts Vietnam Q2 2026 GDP Growth at 7.8%, Matching Q1 Pace
DBS Group Research projects Vietnam's real GDP growth at 7.8% year-on-year for Q2 2026, consistent with Q1, citing strong electronics manufacturing, AI-driven tech demand, FDI, and resilient retail.
US Rig Count Rises to 573 as Oil and Gas Drilling Picks Up
The Baker Hughes rig count for the week ending June 26 rose to 573, up from 563 the previous week, with oil rigs increasing by 7 and gas rigs by 3.
2x Leveraged Memory ETF RAM Posts Record $380M First-Day Volume
The 2x leveraged long memory ETF RAM recorded ~$380 million in notional volume on its debut, the largest first-day volume for any US-listed leveraged or inverse ETF. The fund tracks DRAM and delivers 200% of its daily performance.
Philippines Faces Stagflation Risks as Inflation Surges, Growth Slows – HSBC
HSBC strategists warn that the Philippines is flirting with stagflation as GDP growth decelerates while inflation reaches the highest in ASEAN, driven by weak public spending and cautious household demand.
Iran Revolutionary Guards Deny Direct U.S. Communication Line in Strait of Hormuz
The spokesperson for Iran's Revolutionary Guards has dismissed reports of a direct communication line with the United States in the Strait of Hormuz, calling them 'total lies' and asserting that the area remains Iranian territory with no U.S. connection.
Stocks Rally Off Lows as Oil Prices Slump, Says Analyst
Stocks rebounded from session lows while oil prices extended declines, according to Chris Beauchamp, Chief Market Analyst at an online trading platform.
Trump Threatens 100% Tariff Over Digital Services Tax
President Trump announced plans to impose a 100% tariff on all goods from any country that levies a digital services tax on American companies, escalating trade tensions.
Kashkari: One Rate Hike Penciled in for 2026
Minneapolis Fed President Neel Kashkari revealed at the Aspen Ideas Festival 2026 that he expects one interest rate increase in 2026, citing persistent service-sector inflation while acknowledging some labor market improvement.
Trump Threatens 100% Tariff on European Countries Over Digital Services Tax
President Donald Trump warned European nations considering a Digital Services Tax on US companies that any such move would be met with a 100% tariff on all goods exported to the United States, overriding existing trade deals.
Trump: Iran Launched Drones at Ships in Strait of Hormuz, Violating Ceasefire
President Trump said Iran launched four one-way attack drones at vessels in the Strait of Hormuz, with one hitting a cargo ship and U.S. forces intercepting the other three, calling it a ceasefire violation.
WTI Oil Falls 3.25% on Middle East Export Recovery
West Texas Intermediate crude dropped more than 3% on Friday, touching a low not seen since late February, as easing Middle East supply risks weighed on prices.
Trump Says Iran Broke Ceasefire with Hormuz Drone Strike
President Trump claimed on Truth Social that Iran violated a ceasefire by launching a drone strike on a cargo ship in the Strait of Hormuz.
Trump Accuses Iran of Violating Ceasefire After Drone Attack on Ships
President Trump condemned Iran for launching at least four one-way attack drones at ships in the Strait of Hormuz, calling it a 'foolish violation' of the US-Iran ceasefire agreement.
Iran Attacks Ships in Strait of Hormuz, Trump Says
President Trump stated on Truth Social that Iran launched at least four one-way attack drones at ships transiting the Strait of Hormuz, hitting a cargo vessel. He called the action a violation of the ceasefire agreement.
Kashkari: Inflation Concerns Persist, Labor Market Shows Signs of Life
Minneapolis Fed President Neel Kashkari expressed concern over inflation, especially in services, while noting some positive signs in the labor market. He also commented on the FOMC statement reset and the move to no forward guidance.