The Hang Seng Index staged a strong comeback today, reaching its highest level since June 18, as investors rotated towards Chinese technology companies that have been left behind in the recent rally. It jumped to 24,057, up by 6.8% from its lowest point this year.
Chinese tech firms have been under pressure this year as investors focused on big names in South Korea and Japan. The closely watched Hang Seng Tech Index remains 30% below its highest point last year, even as the Kospi and Nikkei 225 have soared.
There are signs that a sector rotation is happening now as Chinese tech companies have started to come back. The HSTECH Index jumped to 4,687, its highest level since June 16.
Lenovo Group, the best-performing Hang Seng Index stock this year, jumped by 9.48%, while Alibaba Group soared by 8.14%. Semiconductor Manufacturing International (SMIC) soared by 7.5%, while Kuaishou Technology was up by 6.8%.
Xiaomi stock has risen by 5.6%, while other big names like BYD, Baidu, and Netease rose by over 4%. With tech stocks rising, the top laggards in the index were companies in other sectors like WH Group, WuXi AppTec, Contemporary Amperex, and Techtronic Industries.
Chinese tech stocks are rising as investors continue their rotation to companies that have underperformed the market this year. They are also soaring as investors hunt for bargains, something that is also happening in other markets. For example, in the US, software stocks like Figma and Adobe have risen this week.
Still, Chinese technology companies are facing substantial challenges. For example, Xiaomi has seen its revenue and profitability growth struggle amid the rising semiconductor and memory prices.
Its latest results showed that its profits plunged by over 50%. Investors are concerned that hiking prices of its products may lead to further demand destruction. At the same time, there are concerns about its EV business as competition in China remains stiff.
Other tech names like Alibaba and Tencent have been affected by the rising chip and memory prices, which have affected their profitability growth.
The Hang Seng Index remains a bargain in several measures. For example, data shows that it has a price-to-earnings ratio of 11. In contrast, FactSet data places the S&P 500 Index’s forward PE multiple at 20. The FTSE 100 has a multiple of 18.
The daily chart shows that the Hang Seng Index has rebounded in the past few days, moving from a low of 22,570 on June 26 to 24,147 today.
It is still too early to determine whether this is the start of a new bull market as the index remains below the 100-day moving average. It also sits below 25,122, the neckline of the head-and-shoulders pattern.
As such, the ongoing rebound may be because it wants to retest the resistance at 25,122, which would confirm a break-and-retest pattern, a common continuation sign.
The largest company in the world, Nvidia (NVDA +0.62%), has had a bit of a rough stretch in recent months. Its stock peaked in May, but declined around 17% since then. That's not an insignificant decline, and leaves investors wondering when the next rally could be coming.
I think there are some catalysts later on in July that could cause Nvidia's stock to rocket back to all-time highs, and investors would be smart to load up on shares before the rally occurs.
Image source: Getty Images.
The next month will prove the AI build-out is as strong as ever Nvidia makes graphics processing units (GPUs) along with various products to support its accelerated computing ecosystem. GPUs are still the top choice for running AI workloads, and Nvidia dominates the market share of GPUs sold for data center computing. There's a very strong correlation between increasing data center spending and Nvidia's sales, and that trend will likely accelerate as data centers shift from construction costs to computing costs.
This year, the big four AI hyperscalers plan to spend around $650 billion on data center capital expenditures. Next year, Nvidia claims this group will spend more than $1 trillion.
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That's a major increase and should boost Nvidia's revenue along the way. In July, all of the big four AI hyperscalers report earnings, which will likely include commentary surrounding AI spending and how these companies are monetizing AI. I'll be paying attention to all of them, but the biggest one I'll be watching is Microsoft (MSFT +0.59%), as its fiscal year ended on June 30. Microsoft will provide investors with fiscal year (FY) 2027 capital expenditures guidance, and a huge jump over last year's figure could confirm the bull case behind Nvidia's stock. That could help propel it back to all-time highs, which is why I think Nvidia is a strong buy now.
Another key announcement will come from Taiwan Semiconductor Manufacturing Company (TSM 4.43%), Nvidia's primary logic chip fabricator. If TSMC reports strong growth from AI semiconductor sales, it will be easy to draw a conclusion that Nvidia is also doing well.
I think both of these companies will report strong earnings with great forward guidance, and that could cause Nvidia's stock to rise. Even if it doesn't, Nvidia reports earnings in late August and will likely report another blowout quarter, as there hasn't been any shift in actual spending habits from Nvidia's core clients yet.
As for a price tag, Nvidia trades for just 21.7 times forward earnings -- the same price tag as the S&P 500 (^GSPC 0.45%).
NVDA PE Ratio (Forward) data by YCharts
All of this adds up to make Nvidia a screaming deal in the market, and I think it's well worth buying right now.
Keithen Drury has positions in Microsoft, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool has positions in and recommends Microsoft, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy.
Shares of Netflix (NFLX +0.31%) were drifting lower last month, continuing a broader pullback this year.
While there was no major news out on the leading streamer, skepticism about its business strategy at a time when its core markets are maturing seemed to push the stock lower.
Semafor reported that the company had bid on Roku, which agreed to be acquired by Fox, and that it was interested in buying Lionsgate, following Warner Bros. Discovery's decision to sell itself to Paramount Skydance instead of Netflix.
Additionally, Reed Hastings, the co-founder and longtime CEO of the company, stepped down from the board at the beginning of the month. Hastings had announced that decision in April, but his departure may have influenced some investors, as he now has no official role in the company.
According to data from S&P Global Market Intelligence, the stock lost 17% last month. As you can see from the chart below, the stock was heading lower over most of the month.
NFLX data by YCharts
What happened with Netflix last month Netflix kicked off the month by naming Jay Hoag as its new Chairman of the Board, replacing Reed Hastings. Hoag had been the board's lead independent director since 2012 and Netflix will no longer have a separate lead independent director, as Hoag is not an executive with the company.
After the Roku-Fox deal was announced, Semafor reported that Netflix had bid on Roku, though Netflix denied both making a formal bid for the streaming platform and that it was interest in acquiring Lionsgate, which seemed to represent table scraps after losing out on WBD.
Still, the Semafor report pushed the stock lower as it indicated that the company is searching for its next growth leg as subscriber growth slows in core markets like North America.
Other reports weighing on the stock included Meta Platforms' plans to expand Instagram TV and research firm M Science's noting that the company is on track for its weakest global net subscriber additions since 2022 in the second quarter.
Image source: Netflix.
What's next for Netflix Netflix is now down more than 40% from its peak about a year ago, even though the business continues to deliver solid results.
Its valuation may have been inflated at the peak, but the stock looks like a good buy now at a price-to-earnings ratio around 30, excluding the $2.8 billion it received from WBD's breakup fee.
Slowing subscriber growth could present a challenge, but we'll learn more when the streaming stock reports second-quarter earnings next Thursday. Analysts are expecting revenue to grow 13.6% to $12.6 billion in the quarter and for earnings per share to improve from $0.72 to $0.79.
Jeremy Bowman has positions in Meta Platforms, Netflix, and Roku. The Motley Fool has positions in and recommends Meta Platforms, Netflix, Roku, and Warner Bros. Discovery. The Motley Fool has a disclosure policy.
Geopolitické napětí na Blízkém východě zhoršuje sentiment na trzích
Zámořské akciové indexy včera uzavřely v záporném teritoriu v důsledku zvýšeného geopolitického napětí na Blízkém východě. To eskalovalo poté, co Írán zaútočil na tři obchodní lodě. Spojené státy následně podnikly údery na íránské vojenské cíle a zároveň americká administrativa pozastavila možnost legálního vývozu íránské ropy. Ceny ropy i dalších energetických komodit na tuto situaci reagovaly růstem. Investoři zároveň nadále vyjadřují obavy z vysokého ocenění některých technologických společností, především výrobců čipů. Negativní sentiment se přenesl také do Asie, kde většina akciových trhů zaznamenala pokles. Futures na americké akciové indexy se aktuálně pohybují v záporu a naznačují pokračování včerejších ztrát. Slabší otevření se očekává také na západoevropských burzách. Futures na německý index DAX indikují pokles při zahájení obchodování přibližně o 0,4 %. Pražská burza včera zaznamenala pouze nepatrnou ztrátu, když index PX oslabil o 0,09 %. Vyšší ceny energetických komodit by mohly podpořit akcie společnosti ČEZ. Naopak pod tlakem by se měly nacházet především bankovní tituly, zejména Erste Bank.
Analytik Steven Boumans z Oddo BHF přistoupil k navýšení cílové ceny akcií CTP, a to ze 17 EUR (412,0 Kč) na 18 EUR (436,3 Kč) při stávajícím doporučením „Neutral“.
Akcie CTP Akcie CTP (BAACTP) uzavřely včera na pražské burze na 413,0 Kč.
LOS ANGELES, July 07, 2026 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Zillow Group, Inc. (“Zillow” or “the Company”) (NASDAQ: Z) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s securities between February 11, 2025 and May 7, 2026, inclusive (the “Class Period”), are encouraged to contact the firm before August 10, 2026.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Zillow describes its agreement with Redfin as a “partnership” but it was actually an acquisition. The Company faced increased risk of antitrust scrutiny due to the Redfin agreement. The Company downplayed its legal exposure even after an antitrust lawsuit was filed against it. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Zillow, investors suffered damages.
Join the case to recover your losses
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
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Brian Schall, Esq.,
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Office: 310-301-3335 [email protected]
U.S. lawmakers are considering how to curb the growing adoption of Chinese AI models by homegrown companies, as geopolitical tensions surrounding the rollout of artificial intelligence ramp up.
AI has emerged as a key point of rivalry between the U.S. and China, with both nations vying for supremacy in the field.
Chinese models are gaining traction among U.S. firms as they close the performance gap with American rivals while being cheaper to use.
In April, the Trump administration accused Chinese entities of waging "industrial-scale campaigns" to rip off U.S. AI systems, and said it will explore ways to hold foreign actors accountable. Beijing is looking at curbing overseas access to China's leading AI models, Reuters reported on Tuesday.
Rising adoption of China-built AI models has led to growing calls from U.S. lawmakers for strategies to combat the trend, including via an ongoing investigation from two U.S. House Committees.
"The growing use of Chinese AI models by U.S. companies raises serious concerns," a State Department spokesperson told CNBC. Those "AI models are designed to advance Beijing's narratives, censor dissent, and reflect CCP ideology and values."
A spokesperson for the U.K. embassy of the People's Republic of China said the country "opposes baseless allegations and malicious smears against its AI development." They added that "China's thriving AI sector is built on self-reliance and strength in science and technology."
Rising adoptionThe House Committee on Homeland Security and the House Select Committee on China said in April they will jointly investigate the growing adoption of Chinese-developed AI models. An initial step in the probe was for the chairmen of those committees to send letters to Cursor and Airbnb, over their "use of or exposure to these risks" through AI developed in China.
"The Chinese Communist Party is no longer just nipping at our heels in artificial intelligence; it is racing to close the gap in some of the exact capabilities that will shape the future of cybersecurity," Andrew Garbarino, chairman of the U.S. House Committee on Homeland Security, told CNBC.
"Recent reporting that a Chinese open-weight model can match leading U.S. models in certain vulnerability discovery and cybersecurity tasks is highly alarming," said Garbarino.
While some government departments have banned the usage of Chinese AI models including DeepSeek, adoption of them by U.S. companies is not prohibited. Tech chiefs, including crypto company Coinbase's Brian Armstrong and AI startup Lindy's Flo Crivello, have been publicly touting the use of models from China to reduce costs.
Cursor, which will be acquired by Elon Musk's SpaceX for $60 billion, built its Composer 2 model using Chinese AI model Kimi, which was developed by Moonshot AI. The company declined to comment on the probe when approached by CNBC.
Airbnb told CNBC that its "AI activity runs overwhelmingly on U.S.-origin models." The company added that it uses a "limited number of China-origin models, all of which are open-source and run only through approved U.S.-based service providers, keeping data and operations separate and protected."
Tackling adoptionAlongside focusing on the rise of Chinese AI models, the ongoing joint House Committees' investigation is also looking into whether the U.S. is doing enough to tackle their rise.
"The Committees are also examining whether the United States has a sufficient open-weight AI strategy to ensure American companies and cyber defenders are not forced to choose between expensive or restricted U.S. models and cheap, capable PRC-developed alternatives," a Committee aide, who asked not to be named as they were not authorized to discuss the ongoing probe, told CNBC.
Andy Ogles, chairman of the Subcommittee on Cybersecurity and Infrastructure Protection, has called for a "serious strategy" to ensure American models are a "real alternative" to those from China.
"When the cheap, capable, easy option for an AI model is Chinese, the rest of the world will build on it," Ogles said in June.
"If we do nothing, Chinese models become the default foundation of the global digital economy, carrying embedded censorship, uncertain security, and capabilities distilled from our own laboratories with the safety guardrails stripped out," he added.
watch now
The administration could consider the use of federal procurement bans, which would include restricting government agencies and private companies that serve the U.S. government from using Chinese AI models, Kyle Chan, fellow in the John L. Thornton China Center at think tank Brookings, told CNBC.
"However, it's ultimately impossible to ban China's open-source AI models because their model weights are available freely on the internet," Chan added. "This could enter into first amendment speech issues."
While the Trump administration is "clearly worried" about the risks from American companies' adoption of Chinese AI models, restricting their use is going to be difficult, Daniel Remler, senior fellow, technology and national security program at think tank the Center for a New American Security (CNAS), told CNBC.
Alongside potential first amendment protections, Remler said the administration may be worried that "action against the Chinese models could harm start-ups that use these models, or chill support for open models generally."
One approach could be procurement requirements that discourage companies that want to do business with the government from using Chinese AI models, he added. Another could be disseminating findings about risks and vulnerabilities associated with Chinese AI models to U.S. companies.
"Regardless, I do expect both the Executive Branch and Congress to communicate their interest not to see U.S. companies adopting these models," Remler said.
, /PRNewswire/ -- Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb), the global leader in automotive safety systems, today announced that XPENG Inc, a leading Chinese physical AI technology company with growing international presence, and Autoliv (Shanghai) Management Co., Ltd., have signed a strategic cooperation framework agreement to support the development of safer mobility solutions for global markets.
The partnership reflects both companies' ambition to strengthen collaboration across markets and support future mobility development in a rapidly changing global automotive landscape. XPENG is one of China's leading innovators in smart mobility, combining advanced electric vehicles, AI, autonomous driving, and humanoid robotics.
Under the agreement, Autoliv and XPENG will expand collaboration across several key areas, including technology development, digitalization, supply chain coordination, sustainability, and global business expansion, combining Autoliv's worldwide safety expertise with XPENG's innovation in smart electric mobility.
The partnership is designed to enhance system-level collaboration and improve innovation efficiency as the industry continues to evolve through electrification, connectivity, and globalization.
Autoliv will leverage its global footprint and longstanding expertise in automotive safety systems to support XPENG's product development and global expansion strategy.
"XPENG is striving to explore the future of mobility, and Autoliv is proud to support that journey. As vehicles become smarter, safety must be integrated from the very beginning. This agreement reflects our shared commitment to innovation and safety, combining XPENG's innovation in smart mobility with Autoliv's global safety expertise to help make the next generation of mobility safer," said Mikael Bratt, President and CEO of Autoliv.
Inquiries:
Investors & Analysts: [email protected]
Anders Trapp, Tel +46 709 578 171, Henrik Kaar, Tel +46 709 578 114
Media: [email protected]
Gabriella Etemad, Tel +46 70 612 64 24, Emelie Ericson, Tel +46 70 957 81 35
About Autoliv
Autoliv, Inc. (NYSE: ALV; Nasdaq Stockholm: ALIV.sdb) is the worldwide leader in automotive safety systems. Through our group companies, we develop, manufacture and market protective systems, such as airbags, seatbelts, and steering wheels for all major automotive manufacturers in the world, as well as mobility safety solutions, such as commercial vehicles and electrical safety solutions. At Autoliv, we challenge and re-define the standards of mobility safety to sustainably deliver leading solutions. In 2025, our products saved approximately 40,000 lives and reduced around 600,000 injuries.
We have operations in 25 countries, and we drive innovation, research, and development at our 13 technical centers. Our 64,000 employees are passionate about our vision of Saving More Lives and quality is at the heart of everything we do. Sales in 2025 amounted to $10.8 billion. For more information go to www.autoliv.com.
Safe Harbor Statement
This report contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Autoliv, Inc. or its management believes or anticipates may occur in the future. All forward-looking statements are based upon our current expectations, various assumptions and data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including general economic conditions and fluctuations in the global automotive market. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any such statements in light of new information or future events, except as required by law.
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NEW YORK, July 07, 2026 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market (Nasdaq: NDAQ) announced today that it has notified Platinum Analytics Cayman Limited (Nasdaq: PTLS) that its securities will be delisted from the Nasdaq Stock Market LLC on July 16, unless the company appeals to a Listing Qualifications Hearings Panel. The securities will remain halted, and unavailable to trade, until any appeal is resolved. Following removal from Nasdaq the securities may be eligible for trading in the over-the-counter market.
Following a temporary trading suspension in the Company’s securities by the U.S. Securities and Exchange Commission (https://www.sec.gov/files/litigation/suspensions/2025/34-104164-ts.pdf) Nasdaq halted trading in the Company’s ordinary shares on October 18, 2025. Nasdaq has now determined that it is appropriate to use its authority under IM-5101-4 to delist the Company’s securities from Nasdaq.
For news and additional information about the company, please review the companies’ public filings or contact the company directly.
For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com. Nasdaq’s rules governing the delisting of securities can be found in the Nasdaq Rule 5800 Series, available on the Nasdaq Web site: https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5800-series.
NEW YORK, July 07, 2026 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market (Nasdaq: NDAQ) announced today that it has notified Pitanium Limited (Nasdaq: PTNM) that its securities will be delisted from the Nasdaq Stock Market LLC on July 16, 2026, unless the company appeals to a Listing Qualifications Hearings Panel. The securities will remain halted, and unavailable to trade, until any appeal is resolved. Following removal from Nasdaq the securities may be eligible for trading in the over-the-counter market.
Following a temporary trading suspension in the Company’s securities by the U.S. Securities and Exchange Commission (https://www.sec.gov/files/litigation/suspensions/2025/34-104165-ts.pdf) Nasdaq halted trading in the Company’s ordinary shares on October 18, 2025. Nasdaq has now determined that it is appropriate to use its authority under IM-5101-4 to delist the Company’s securities from Nasdaq.
For news and additional information about the company, please review the companies’ public filings or contact the company directly.
For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com. Nasdaq’s rules governing the delisting of securities can be found in the Nasdaq Rule 5800 Series, available on the Nasdaq Web site: https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5800-series.
LONDON--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), one of the world's leading providers of financial market technology and data powering global capital markets, today announced that ICE Benchmark Administration Limited (IBA), a leading administrator of regulated benchmarks, now operates the London Bullion Market Association (LBMA) Platinum and Palladium Prices and the daily auctions which set these benchmark prices, adding to its role as the administrator of the LBMA Gold and S.
The AUD/JPY cross gathers strength to around 112.70 during the early European session on Wednesday. Nonetheless, renewed tensions between the US and Iran, and fears of possible intervention by Japanese authorities might support the Japanese Yen (JPY) and cap the upside for the cross.
BBC reported on Tuesday that the US launched "powerful" strikes on Iran in response to attacks on three oil tankers in the Strait of Hormuz. US Central Command (Centcom) said that it had hit over 80 targets, including more than 60 Islamic Revolutionary Guard Corps (IRGC) small boats in the strait.
In the daily chart, AUD/JPY holds above the 100-day moving average (MA) and the Bollinger Bands’ (20) middle band, keeping the broader trend supported after the latest rebound. Price is also comfortably above the lower Bollinger band, while the Relative Strength Index (14) around 51 suggests neutral-to-mildly positive momentum rather than an overstretched rally.
On the downside, the immediate technical floor aligns with the 100-day MA at 112.50 and the Bollinger middle band at 112.43, forming a nearby demand zone; a daily close below this area would expose the lower Bollinger band at 111.15. On the upside, the first upside barrier emerges at the June 16 high of 113.55, en route to the the Bollinger Bands’ upper band of 113.70.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Australian Dollar FAQs One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – is also a factor, with risk-on positive for AUD.
The Reserve Bank of Australia (RBA) influences the Australian Dollar (AUD) by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down. Relatively high interest rates compared to other major central banks support the AUD, and the opposite for relatively low. The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive.
China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar (AUD). When the Chinese economy is doing well it purchases more raw materials, goods and services from Australia, lifting demand for the AUD, and pushing up its value. The opposite is the case when the Chinese economy is not growing as fast as expected. Positive or negative surprises in Chinese growth data, therefore, often have a direct impact on the Australian Dollar and its pairs.
Iron Ore is Australia’s largest export, accounting for $118 billion a year according to data from 2021, with China as its primary destination. The price of Iron Ore, therefore, can be a driver of the Australian Dollar. Generally, if the price of Iron Ore rises, AUD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Iron Ore falls. Higher Iron Ore prices also tend to result in a greater likelihood of a positive Trade Balance for Australia, which is also positive of the AUD.
The Trade Balance, which is the difference between what a country earns from its exports versus what it pays for its imports, is another factor that can influence the value of the Australian Dollar. If Australia produces highly sought after exports, then its currency will gain in value purely from the surplus demand created from foreign buyers seeking to purchase its exports versus what it spends to purchase imports. Therefore, a positive net Trade Balance strengthens the AUD, with the opposite effect if the Trade Balance is negative.
United Overseas Bank’s (UOB) Quek Ser Leang highlights EUR/USD’s failure to extend its recent advance, with momentum fading after a retreat from recent highs. The pair is now seen oscillating between 1.1360 and 1.1450 in coming weeks, while intraday price action may test 1.1390 without threatening the more important 1.1360 support unless the 1.1430 resistance breaks.
Momentum fades into sideways pattern"24-HOUR VIEW: Two days ago, EUR traded within a range of 1.1408/1.1444 and closed largely unchanged at 1.1440 (+0.04%). Yesterday, we stated that we “continue to expect range-trading, but the firmer underlying tone suggests EUR is likely to trade in a higher range of 1.1425/1.1470.” Our assessments turned out to be incorrect, as EUR fell to a low of 1.1407. Despite the relatively sharp decline, downward momentum has not increased much. However, there is scope for EUR to dip below 1.1390. The major support at 1.1360 is unlikely to come into view. Resistance is at 1.1420; a breach of 1.1430 would indicate that the immediate downward pressure has eased."
"1-3 WEEKS VIEW: Our most recent narrative was from last Friday (03 Jul, spot at 1.1430), when we highlighted that “the bias for EUR is tilted to the upside.” We also highlighted that “expect firm resistance at 1.1470 and 1.1500.” EUR has not been able to make much headway on the upside, and yesterday, it retreated to a low of 1.1407. Although our ‘strong support’ level at 1.1390 has not been breached yet, upward momentum has largely faded. EUR has likely moved back into a range-trading phase, and we expect it to trade between 1.1360 and 1.1450 for now."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
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The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
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The GBP/USD pair trades almost flat at around 1.3355 during the European trading session on Wednesday. The Cable consolidates as investors await the Federal Open Market Committee (FOMC) minutes of the June policy meeting, which will be published at 18:00 GMT.
At press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades marginally lower to near 101.05.
Investors will closely read the FOMC Minutes to gauge possible reasons that led officials to abandon forward guidance on the monetary policy outlook. In the policy meeting, the Fed decided to leave interest rates unchanged in the range of 3.50%-3.75%, citing upside inflation risks, and 9 out of 19 policymakers favored an interest rate hike by the year-end.
Meanwhile, the British Pound (GBP) struggles for direction as investors seek fresh cues regarding the United Kingdom’s (UK) fiscal policy outlook under new leadership. However, newly elected Member of Parliament and Mayor of Greater Manchester, Andy Burnham, the front-runner for UK leadership after Prime Minister (PM) Keir Starmer’s resignation, has already stated that he will continue Labour’s manifesto.
GBP/USD technical analysis
GBP/USD trades calmly near 1.3355, holding a mildly bullish bias as it remains above the 20-day exponential moving average (EMA) at 1.3321.
The bounce from the recent 1.32 area and the pair’s ability to stay supported by the short-term EMA hint at a tentative recovery phase, while the Relative Strength Index (RSI) at 52.8 shows modest positive momentum without entering overbought territory.
On the topside, the next significant barrier is the downward resistance trend line, with its break level around 1.3500. Looking down, the immediate support is reinforced by the 20-day EMA at 1.3321, and a daily close back below this level would weaken the current constructive tone and force the pair to revisit the June 24 low at around 1.3140.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Economic Indicator FOMC Minutes FOMC stands for The Federal Open Market Committee that organizes 8 meetings in a year and reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. FOMC Minutes are released by the Board of Governors of the Federal Reserve and are a clear guide to the future US interest rate policy.
Read more.
Next release: Wed Jul 08, 2026 18:00
Frequency: Irregular
Consensus: -
Previous: -
Source: Federal Reserve
Minutes of the Federal Open Market Committee (FOMC) is usually published three weeks after the day of the policy decision. Investors look for clues regarding the policy outlook in this publication alongside the vote split. A bullish tone is likely to provide a boost to the greenback while a dovish stance is seen as USD-negative. It needs to be noted that the market reaction to FOMC Minutes could be delayed as news outlets don’t have access to the publication before the release, unlike the FOMC’s Policy Statement.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
If there was ever any question that Berkshire Hathaway (BRKA 0.13%)(BRKB 0.51%) believes in buying and holding high-quality blue chip stocks, this will wipe away any doubt: Over half of Berkshire's current stock portfolio consists of stocks that are also one of the 30 tickers that make up the Dow Jones Industrial Average.
Indeed, confidence in these names is so high that -- like his predecessor Warren Buffett -- current Berkshire CEO Greg Abel is OK with just five Dow stocks accounting for 59% of the conglomerate's stock portfolio's total value. That's a vote of confidence worth noting.
And one of these five names is a particularly compelling prospect to consider buying this month.
Image source: The Motley Fool.
Five good ones, but one great one The table below provides the details, with a precise apportionment for each position. Although any Berkshire pick is arguably worth a look, the confident concentration in just these five names speaks volumes.
Among these five tickers right now, however, one is an especially scintillating prospect for July. That's the Dow Jones Industrial Average's newest addition, Alphabet.
Today's Change
(
0.25
%) $
0.91
Current Price
$
367.37
Yes, the tech stock's relative weakness since early May is a key part of the bullish argument, though certainly not the only or most important part. The crux of the reason Alphabet is a great addition to almost any growth portfolio remains its dominant role as a gatekeeper to the World Wide Web.
Numbers from Statcounter indicate that Google Search's market share is still an incredible 91%, while its free-to-use email service, Gmail, remains the world's most-used email app of its kind. Its mobile operating system, Android, is installed on nearly 70% of the world's mobile devices, again according to Statcounter.
It matters simply because Google and all of its interrelated offerings -- including YouTube -- still account for more than 80% of the company's total top line, as well as the bulk of its bottom line.
That being said, Alphabet is in an enviable position right now. While its core businesses continue to crank out plenty of cash, it's also building a new one with explosive potential without borrowing or breaking the bank.
This business is cloud computing, of course, and the development of artificial intelligence (AI) technology in particular. Google Cloud's revenue grew 63% year over year in the first quarter, more than tripling operating income as a result, now that significant scale has been achieved.
That's still just the beginning. Alphabet is also now designing and manufacturing (through third-party contract manufacturers) its own AI processors. This is mostly to serve its cloud customers who need such solutions, although it can certainly use this technology for its own purposes too. For example, Alphabet could use artificial intelligence to predict how worldwide web traffic might change over time in response to world events, while Google's AI chatbot assistant Gemini is powered by the company's own in-house Tensor Processing Units (TPUs).
Google's Gemini, by the way, is slowly chipping away at ChatGPT's dominance of the artificial intelligence assistant space. It's still well behind ChatGPT on this front, to be clear. Being able to penetrate a space largely established by a name with a huge head start, however, is impressive to say the least. It suggests Alphabet will be able to compete when AI chatbots become the primary way people work with technology. To this end, Precedence Research expects the global chatbot market to grow at an average annualized pace of nearly 19% between now and 2035.
Best bet among the Dow's growth blue chips right now This isn't to suggest the other four Dow stocks that make up a prominent part of Berkshire Hathaway's portfolio, like Coca-Cola and American Express, aren't also solid at this time. There's even a case to be made for scooping up Chevron shares right after their recent setback stemming from the weakening price of crude oil.
If you've only got room for one blue chip growth stock in your portfolio right now, Alphabet appears to be the market's most underestimated and undervalued name of its ilk.
Analysts think so anyway. The vast majority of them currently rate Alphabet a strong buy, with a consensus target of $435.83, which is 20% above the ticker's recent price. That's not a bad way to start out a new trade.
LOS ANGELES, July 07, 2026 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Hub Group, Inc. (“Hub” or “the Company”) (NASDAQ: HUBG) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s securities between April 28, 2023 and May 11, 2026, inclusive (the “Class Period”), are encouraged to contact the firm before August 28, 2026.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Hub suffered from material misstatements in its financial statements from Q1 2023 to Q4 2024 including its annual reports for 2023 and 2024. The Company’s misstatements included operating revenue, operating income, and revenue recognition. The Company’s financial statements from Q1 2025 to Q3 2025 contained misstatements related to the understatement of purchased transportation costs amongst other errors. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Hub, investors suffered damages.
Join the case to recover your losses
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335 [email protected]
Gold prices rose in United Arab Emirates on Wednesday, according to data compiled by FXStreet.
The price for Gold stood at 487.15 United Arab Emirates Dirhams (AED) per gram, up compared with the AED 484.80 it cost on Tuesday.
The price for Gold increased to AED 5,682.11 per tola from AED 5,654.64 per tola a day earlier.
Unit measure
Gold Price in AED
1 Gram
487.15
10 Grams
4,871.58
Tola
5,682.11
Troy Ounce
15,152.18
FXStreet calculates Gold prices in United Arab Emirates by adapting international prices (USD/AED) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices rose in Philippines on Wednesday, according to data compiled by FXStreet.
The price for Gold stood at 8,163.38 Philippine Pesos (PHP) per gram, up compared with the PHP 8,124.08 it cost on Tuesday.
The price for Gold increased to PHP 95,216.29 per tola from PHP 94,757.73 per tola a day earlier.
Unit measure
Gold Price in PHP
1 Gram
8,163.38
10 Grams
81,632.80
Tola
95,216.29
Troy Ounce
253,910.30
FXStreet calculates Gold prices in Philippines by adapting international prices (USD/PHP) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Silver price (XAG/USD) attracts some buyers to near $60.35, snapping the two-day losing streak during the early European session on Wednesday. The white metal edges higher amid a softer US Dollar (USD) ahead of the release of the June FOMC meeting Minutes.
The US military launched a new wave of strikes against Iran on Tuesday following reports of attacks on three oil tankers in the Strait of Hormuz, jeopardizing the already fragile ceasefire.
“US Central Command forces have begun launching a series of powerful strikes against Iran to impose heavy costs for targeting and attacking commercial shipping crewed by innocent civilians in an international waterway,” Centcom said on Tuesday.
The latest developments could raise energy-driven inflationary fears and reaffirm the US Federal Reserve's (Fed) "higher for longer" policy stance, which would weigh on the white metal.
Traders are currently pricing in over an 80% probability that the Fed will deliver at least one 25 basis points (bps) rate hike by the end of this year, according to the CME Group's FedWatch tool.
The US central bank will release the Minutes from its June 16–17 policy meeting later in the day. However, the messages recorded in the Minutes happened before the US June Nonfarm Payrolls (NFP) report, which came in weaker than expected. Because the Fed Minutes reflect a labor market that still looked solid at mid-day June, any hawkish rhetoric might feel slightly outdated to current market pricing.
Silver FAQs Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
Gold prices rose in Saudi Arabia on Wednesday, according to data compiled by FXStreet.
The price for Gold stood at 498.07 Saudi Riyals (SAR) per gram, up compared with the SAR 495.60 it cost on Tuesday.
The price for Gold increased to SAR 5,809.18 per tola from SAR 5,780.59 per tola a day earlier.
Unit measure
Gold Price in SAR
1 Gram
498.07
10 Grams
4,980.65
Tola
5,809.18
Troy Ounce
15,492.01
FXStreet calculates Gold prices in Saudi Arabia by adapting international prices (USD/SAR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
The NZD/USD pair gains strong positive traction following the Reserve Bank of New Zealand's (RBNZ) first rate hike in three years and reclaims the 0.5700 mark during the Asian session on Wednesday. Spot prices stick to intraday gains in the wake of the central bank's hawkish outlook, saying that further rate increases appear likely at the coming meetings. Moreover, subdued US Dollar (USD) price action backs the case for a further appreciating move for the currency pair as the market focus shifts to the release of the FOMC Minutes, due later today.
From a technical perspective, the NZD/USD pair is currently placed near the 0.5715 confluence hurdle – comprising the 100-day Exponential Moving Average (EMA) on the 4-hour chart and the 23.6% Fibonacci retracement level of the May-June fall. Some follow-through buying will be seen as a fresh trigger for bullish traders and set the stage for an extension of the recent recovery from the year-to-date low, touched last month.
Meanwhile, the Relative Strength Index (RSI) at 58.98 is mildly constructive, though this improving momentum only hints at consolidation rather than a clear topside break while the NZD/USD pair stays beneath the aforementioned barrier. A sustained strength, however, should pave the way for a move towards the 38.2% Fibo. level at 0.5767 and the 50% retracement near 0.5811. Further up, the 61.8% retracement at 0.5855, the 78.6% level at 0.5917, and the cycle high at 0.5996 form successive resistances for any recovery.
On the downside, the only notable structural support in view emerges at the Fibonacci anchor around 0.5626, where buyers would be expected to show interest if the pair extends its decline.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
NZD/USD 4-hour chart
RBNZ FAQs The Reserve Bank of New Zealand (RBNZ) is the country’s central bank. Its economic objectives are achieving and maintaining price stability – achieved when inflation, measured by the Consumer Price Index (CPI), falls within the band of between 1% and 3% – and supporting maximum sustainable employment.
The Reserve Bank of New Zealand’s (RBNZ) Monetary Policy Committee (MPC) decides the appropriate level of the Official Cash Rate (OCR) according to its objectives. When inflation is above target, the bank will attempt to tame it by raising its key OCR, making it more expensive for households and businesses to borrow money and thus cooling the economy. Higher interest rates are generally positive for the New Zealand Dollar (NZD) as they lead to higher yields, making the country a more attractive place for investors. On the contrary, lower interest rates tend to weaken NZD.
Employment is important for the Reserve Bank of New Zealand (RBNZ) because a tight labor market can fuel inflation. The RBNZ’s goal of “maximum sustainable employment” is defined as the highest use of labor resources that can be sustained over time without creating an acceleration in inflation. “When employment is at its maximum sustainable level, there will be low and stable inflation. However, if employment is above the maximum sustainable level for too long, it will eventually cause prices to rise more and more quickly, requiring the MPC to raise interest rates to keep inflation under control,” the bank says.
In extreme situations, the Reserve Bank of New Zealand (RBNZ) can enact a monetary policy tool called Quantitative Easing. QE is the process by which the RBNZ prints local currency and uses it to buy assets – usually government or corporate bonds – from banks and other financial institutions with the aim to increase the domestic money supply and spur economic activity. QE usually results in a weaker New Zealand Dollar (NZD). QE is a last resort when simply lowering interest rates is unlikely to achieve the objectives of the central bank. The RBNZ used it during the Covid-19 pandemic.
British Pound declines to near 1.3350 as US launches strikes on IranThe GBP/USD pair loses traction to near 1.3355 during the Asian trading hours on Wednesday. The US Dollar (USD) edges higher against the British Pound (GBP) amid renewed geopolitical tensions after the US renewed strikes on Iran. The Federal Reserve’s (Fed) June meeting minutes will be published later on Wednesday.
Washington unleashed a new wave of strikes against Tehran on Tuesday and revoked a license allowing the country to sell oil after three tankers were attacked in the Strait of Hormuz, per Reuters. Geopolitical fears surge following this headline, supporting the Greenback as a safe-haven asset. Read more...
British Pound Sterling Runs Out of American Bad News After Nine Straight DaysThe Pound's nine-session march against the Dollar ended on Tuesday, and it took exactly one geopolitical headline to finish it. Cable opened near 1.3392, poked above the 1.3400 handle in early European trade, and then spent the balance of the session giving ground to settle around 1.3356, down 0.27% and back below a daily moving-average cluster that has been waiting overhead for weeks.
The streak that died on Tuesday was never a Sterling story to begin with, and its fuel was entirely imported: nine consecutive gains off the 1.3140 base in late June, powered by a deteriorating American labour tape. June nonfarm payrolls printed 57,000 against a consensus near 115,000, earlier months were revised lower, and Tuesday's ADP four-week average employment change slipped to 21,000 from 24,250, extending the softening trend. Read more...
EUR/USD maintains its position after registering modest losses in the previous day, trading around 1.1410 during the Asian hours on Wednesday. Traders’ attention is focused on Wednesday's release of the US Federal Reserve (Fed) Meeting Minutes, the first under newly appointed Chairman Kevin Warsh, for crucial clues regarding the future path of US interest rates.
The EUR/USD holds minor gains as the US Dollar (USD) inches lower after experiencing volatility. The Greenback may regain its ground amid rising safe-haven demand and renewing geopolitical tensions. US airstrikes against Iran came in response to Iranian attacks on commercial vessels in the crucial Strait of Hormuz, including a Qatari LNG carrier and a Saudi oil tanker.
Iranian Parliament Speaker Mohammad Bagher Ghalibaf warned that the era of bullying and extortion has ended and insisted that Iran will not fold under pressure. Meanwhile, the country's top joint military command denounced the attacks on southern Iran as blatant aggression, promising a crushing military response. Defiant over the strategic waterway, Tehran reaffirmed that it will block any US interference regarding the control and management of the Strait of Hormuz.
European Central Bank (ECB) rate hike bets rose after board member Isabel Schnabel warned that the Iran conflict keeps core inflation elevated. ECB policymaker and Governor of the Bank of Italy Fabio Panetta warned Eurozone inflation risks remain high due to energy supply uncertainties in the Strait of Hormuz.
ECB’s Panetta scores 6.2/10 on FXS Speechtracker, notably above the historic 4.2/10 baseline, signaling a more impactful intervention than usual. The focus on Strait of Hormuz uncertainty and increasingly frequent supply shocks underscores persistent upside inflation risks, tilting the tone modestly hawkish despite clear concern about downside growth.
By stressing that upside inflation and downside growth risks remain and that the outlook is fragile, the speech reinforces a narrative of constrained policy flexibility. For FX, this mix of inflation vigilance and growth anxiety suggests limited support for the Euro, with markets likely to price in lingering risk premia rather than a confident policy tightening path.
Euro FAQs The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%).
The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.
Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money.
Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy.
Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.
SEATTLE--(BUSINESS WIRE)--Frazier Healthcare Partners ("Frazier"), a private equity firm focused exclusively on the healthcare industry, today announced it has entered into a definitive agreement to acquire MatrixCare (the “Company”) from Resmed (NYSE & ASX: RMD).MatrixCare is a leading provider of cloud-based EHR software purpose-built for out-of-hospital care settings, including skilled nursing, senior living, home health, hospice, and life plan communities. A multi-year winner of the Best.
LOS ANGELES, July 07, 2026 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Peabody Energy Corporation (“Peabody” or “the Company”) (NYSE: BTU) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s securities between October 14, 2024 and May 4, 2026, inclusive (the “Class Period”), are encouraged to contact the firm before August 24, 2026.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Peabody falsely led investors to believe it could reliably predict the ramp-up and growth of its Centurion mine. The Company suffered wide-ranging issues and delays at the Centurion mine. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Peabody investors suffered damages.
Join the case to recover your losses
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335 [email protected]
NEW YORK, July 07, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of ON Semiconductor Corporation (“Onsemi” or the “Company”) (NASDAQ: ON). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Onsemi and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On June 25, 2026, Onsemi announced an agreement to buy the internet-of-things company Synaptics Incorporated (“Synaptics”) in an all-stock transaction. Pursuant to the terms of the agreement, Synaptics shareholders will receive 1.35 shares of Onsemi stock for each Synaptics share, representing an enterprise value of around $7 billion.
Following announcement of the agreement, Onsemi’s stock price fell $28.09 per share, or 23.66%, to close at $90.65 per share on June 26, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Robert Kiyosaki issued a fresh recommendation amid ongoing market turbulence, steering attention away from traditional safe havens like Bitcoin and commodities. Instead, he wants followers to study big systemic change.
Here is what the author of Rich Dad Poor Dad now recommends, why he shifted his focus, and how critics are reacting.
What Robert Kiyosaki Recommends Instead of Bitcoin and GoldThe recommendation is not an asset but a book about financial collapse and wealth transfer. In a recent post on X, Kiyosaki highlighted “The Entropy Trap” by Mickey M. Maini as the essential read for this moment in history.
The book carries a foreword by Jim Rickards, a name Kiyosaki often cites. Furthermore, he explained that it reveals how trust-dependent assets could collapse as faith in traditional financial systems steadily erodes worldwide.
Follow us on X to get the latest news as it happens.
VIB: Very Important BOOK.
Best most important new book for this time in history became available on Amazon last week.
WHY: is book so important.?
A: Because book explains why today’s Rich will become tomorrows poor.
WHY: Because the informed will be tommorrow’s ULTRA…
— Robert Kiyosaki (@theRealKiyosaki) July 7, 2026 Those assets include specific instruments. Kiyosaki pointed to US bonds, ETFs, and mutual funds as examples that rely entirely on trust. Moreover, he argues their value could unravel once confidence in the system finally breaks down.
“You can see that today as large bond holders, such as Japan have already started dumping US Bonds. People who know what’s going to happen and what assets to hold ….will become the world’s new rich,” Kiyosaki said on X.
His core thesis flips the usual playbook. Those who identify non-trust-dependent assets will become the next “ultra rich”. Meanwhile, those following outdated rules risk financial ruin during the coming reset he describes.
Why Did Kiyosaki Change His Message NowThe shift marks a notable evolution in Kiyosaki’s messaging. Rather than doubling down solely on gold, silver, or crypto, he now emphasizes deeper knowledge and preparation for an entropy-driven financial reset.
He frames the change in terms of historical patterns. Wealth transfers, he argues, repeat throughout history during major systemic breakdowns. Furthermore, he pointed to large holders, such as Japan dumping US bonds as an early warning sign.
The timing follows a public admission. In late June 2026, gold crashed from highs near $5,600 toward the $4,000 range. Kiyosaki then posted bluntly, “I was wrong. Gold still crashing. That’s real life.”
I was wrong. Gold still crashing!
Thats real life.
RD Lesson: Profuts are made when you buy…. Not when you sell.
I still believe gold will be $35 k in about 5-years.
But that is real life: All markets go up and down.
Another RD lesson: The richest investors invest for…
— Robert Kiyosaki (@theRealKiyosaki) June 29, 2026 Despite the setback, he held firm in the long term. He maintained his $35,000 gold target within five years. Moreover, he stressed that profits are made when buying, not selling, and that markets naturally fluctuate.
Critics remain deeply skeptical, however. Detractors highlight his history of bold, sometimes unfulfilled forecasts and question extreme targets like $35,000. Nevertheless, Kiyosaki continues to position himself as an educator, urging proactive learning over any single asset class.
“Don’t worry Robert. You’ll be hilariously wrong again about gold being 35k/oz in 5 years,” one user replied.
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LOS ANGELES--(BUSINESS WIRE)---- $GPK--GPK Investors Have Opportunity to Lead Graphic Packaging Holding Company Securities Fraud Lawsuit with the Schall Law Firm.
Gold prices rose in Pakistan on Wednesday, according to data compiled by FXStreet.
The price for Gold stood at 36,941.44 Pakistani Rupees (PKR) per gram, up compared with the PKR 36,785.06 it cost on Tuesday.
The price for Gold increased to PKR 430,883.40 per tola from PKR 429,053.80 per tola a day earlier.
Unit measure
Gold Price in PKR
1 Gram
36,941.44
10 Grams
369,412.60
Tola
430,883.40
Troy Ounce
1,149,025.00
FXStreet calculates Gold prices in Pakistan by adapting international prices (USD/PKR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Eaton Vance Tax-Managed Diversified Equity Income (ETY) remains a resilient, tax-efficient, covered call CEF for income-oriented, risk-averse investors. ETY has shifted its portfolio toward technology, now over 34% tech exposure, and adopted a monthly managed distribution policy yielding 8.16%. Management has enhanced option-writing tactics, shortening duration to 14 days and dynamically re-striking to mitigate low-volatility drag.
NEW YORK--(BUSINESS WIRE)--Arctos, a business of KKR, today announced the final close of Arctos Keystone Partners Fund I (“Keystone Fund I” or the “Fund”), its inaugural fund dedicated to providing bespoke growth capital and financing to leading alternative asset managers. Keystone Fund I, and its affiliated vehicles, closed with $6.2 billion in capital commitments from a diverse group of global investors, including some of the world's leading pension funds, retirement systems, endowments, insu.
SummaryRubrik is upgraded to a buy, reflecting expanding market opportunity, robust profitability, and differentiated agentic AI cybersecurity solutions.Q1 revenues grew 39% YoY, with normalized growth at 43%, strong gross margin expansion to 83%, and NRR at 120%.FY2027 guidance shows decelerating top-line growth but improving profitability, with ARR contribution margin projected to rise from 12% to 14%.Valuation at 11x forward P/S is now reasonable, supporting long-term upside as RBRK integrates with leading AI platforms. J Studios/DigitalVision via Getty Images
Introduction A little less than a year ago, I initiated coverage on Rubrik, Inc. (RBRK) with a hold rating. While it was clear that the company offered truly innovative cybersecurity solutions, I viewed the valuation as too steep. Hence, my cautiousness. After that
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Gold prices rose in Malaysia on Wednesday, according to data compiled by FXStreet.
The price for Gold stood at 540.92 Malaysian Ringgits (MYR) per gram, up compared with the MYR 538.27 it cost on Tuesday.
The price for Gold increased to MYR 6,309.38 per tola from MYR 6,278.23 per tola a day earlier.
Unit measure
Gold Price in MYR
1 Gram
540.92
10 Grams
5,409.28
Tola
6,309.38
Troy Ounce
16,824.97
FXStreet calculates Gold prices in Malaysia by adapting international prices (USD/MYR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices rose in India on Wednesday, according to data compiled by FXStreet.
The price for Gold stood at 12,620.82 Indian Rupees (INR) per gram, up compared with the INR 12,558.66 it cost on Tuesday.
The price for Gold increased to INR 147,207.30 per tola from INR 146,481.70 per tola a day earlier.
Unit measure
Gold Price in INR
1 Gram
12,620.82
10 Grams
126,208.70
Tola
147,207.30
Troy Ounce
392,560.30
FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Starknet is rolling out its v0.14.3 upgrade to mainnet on July 8, bringing a suite of changes designed to make the Layer 2 network cheaper, faster, and harder to break. The headline features: dynamic gas fees that adjust to STRK’s token price, a 30% cut to target gas per block, and a quiet but meaningful shift toward quantum-resistant cryptography.
For a network whose native token is currently trading around $0.03 and whose total value locked sits at roughly $204 million, this is less a victory lap and more a necessary step to stay competitive in an increasingly crowded L2 landscape.
What’s actually changing The most consequential piece of the upgrade is SNIP-35, a proposal that introduces dynamic L2 gas base fee adjustments. Instead of static minimum gas fees, the network will now automatically recalibrate fees based on two variables: the fluctuating price of the STRK token and real-time network congestion.
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The second major change involves block architecture. Starknet v0.14.3 reduces the target L2 gas per block by 30% while keeping the maximum block size unchanged. The result is smaller but more frequent blocks, which translates directly into shorter block production times and reduced transaction latency.
The upgrade also introduces Keccak support for client-side proving and transitions specific operations from Pedersen hashing to BLAKE hashing. The BLAKE switch is explicitly aimed at quantum resistance.
Breaking changes and developer migration Starknet v0.14.3 deprecates RPC v0.8, meaning any developer or application still relying on that version needs to migrate before the switch flips.
StarkWare, the primary development team behind Starknet, has been providing migration guidance ahead of the July 8 date. The testnet activation happened in June, following multiple delays from earlier targets like June 22, giving developers a window to test their applications against the new protocol.
The mainnet migration itself is expected to incur approximately 8 minutes of downtime.
What this means for investors STRK trading at around $0.03 puts it in a challenging position. The dynamic fee adjustment mechanism ties gas fees to STRK’s market price, creating a feedback loop where network revenue remains somewhat stable in dollar terms regardless of token volatility.
Watch the TVL numbers in the two weeks following July 8. If locked value climbs meaningfully from the current $204 million, it suggests the fee and latency improvements are translating into actual user behavior changes.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Whale transaction counts on Lighter and Mantle have surged to six-month highs, according to the Santiment update published on July 7. The data arrives as spot altcoin volatility climbs, pulling attention back to on-chain signals that often precede meaningful price action. Lighter ($LIT) recorded 86 transactions exceeding $100,000, while Mantle ($MNT) logged 37 such large-wallet moves—both the highest levels seen in half a year.
The spike in LIT whale transactions appears tied to a cluster of catalysts that have rekindled interest around the protocol. Lighter operates as a perpetual DEX built for low-latency trading. Recent tokenomics adjustments—including buyback and burn mechanics and staking yield enhancements—have dovetailed with partnership announcements that signal product expansion. The combination has created a narrative that resonates with large traders looking for asymmetric opportunities in the derivatives layer, where volume can shift rapidly once a protocol gains traction.
Lighter’s Perpetual DEX Narrative and Tokenomics Overhaul Perpetual DEX protocols have been one of the more consistent sectors within DeFi through 2025 and into 2026, and Lighter’s positioning in this vertical gives it a meaningful wedge. When whale entities begin moving significant sums, it often reflects confidence that liquidity will remain deep enough to exit positions. The 86 large transactions registered by Santiment are a data point suggesting that professional participants see something in Lighter’s setup that retail hasn’t fully absorbed yet. Tokenomics redesigns—specifically buyback and burn models—can compress circulating supply in ways that appeal to funds that model token value based on supply-side dynamics. The staking yield layer adds another dimension, potentially locking up tokens and reducing sell pressure.
Still, caution is warranted. Whale transaction surges don’t always translate into immediate price appreciation. They can also signal distribution, or simply large players repositioning within the ecosystem. Without additional context—like exchange inflow data or wallet cohort breakdowns—the signal is directional but not definitive.
Mantle’s Real-World Asset Ambitions Attract Large Wallets Mantle’s whale activity spike comes alongside the network’s expanding push into real-world assets and tokenized equities. The ecosystem has been building toward tokenized stocks and pre-IPO vaults, themes that have gained institutional traction as the tokenization sector crossing $20 billion on-chain showed just weeks ago. Mantle’s native token $MNT has become a proxy for exposure to this narrative, and the 37 transactions over $100K captured by Santiment align with a period when tokenized Treasuries and equities are drawing more serious bids. Large wallets paying attention to an RWA-layered L1 or L2 is a pattern that played out on other chains before significant valuation repricings.
On the technical side, elevated whale activity on Mantle coincides with a broader push toward utility tokens that have a clear product roadmap. Developer engagement across layer-2 networks has remained high, as noted in recent developer activity data showing Ethereum-aligned chains retaining strong mindshare. Mantle’s bid for tokenization and equity infrastructure is distinct from the general DeFi arms race, which may be part of what’s drawing large wallets during a noisy altcoin period.
The divergence between whale behavior and retail sentiment stands out. While large addresses have been quietly accumulating or repositioning, the broader retail audience remains distracted by headline volatility and short-term price moves across the altcoin complex. If history is any guide, sharp increases in whale transaction counts can mark an early phase where informed capital begins to price in upcoming catalysts before public attention catches up. What remains uncertain is whether these moves are isolated to the Lighter and Mantle ecosystems or part of a broader large-wallet rotation toward tokens with concrete narrative backing—perpetual swap demand on one side, tokenized real-world assets on the other.
AUTHOR
Mysterious crypto writer with expertise in blockchain, offering deep insights that captivate and intrigue readers. With a unique ability to uncover hidden insights and trends, Samuel delivers in-depth analysis and thought-provoking content that keeps readers on the edge of their seats. His writing style is engaging and informative, blending technical knowledge with a sense of intrigue, making complex crypto topics accessible to both newcomers and seasoned industry professionals. Samuel’s work continues to capture the attention of the crypto community, solidifying his reputation as a trusted voice in the space.
The speed at which Mantle is onboarding tokenized private company equities has turned from trickle to signal. The network just landed Bending Spoons (BSPx) as its third such listing in under 30 days, according to the original report. That cadence is rare for a sector still defined more by experimentation than by sustained volume. Mantle is now explicitly positioning itself as a distribution layer between traditional finance and on-chain markets, and the BSPx listing underlines the operational capacity backing that claim.
Tokenized equities remain a small fraction of the broader real‑world asset (RWA) market. Yet the RWA space itself crossed $20 billion in on‑chain value earlier this year, a milestone that recent analysis tracked alongside major institutional moves. Bending Spoons, the Italian mobile app developer behind products like Evernote and Remini, is privately held—there is no public stock. Bringing its tokenized shares on-chain lets accredited investors access exposure without the friction of traditional private markets. For Mantle, repeatedly drawing such assets suggests its infrastructure is being treated as ready for production, not just pilot phases.
Why the Listing Pace Matters Three tokenized equity launches inside a single month on one Layer 2 is atypical. Most networks handling RWAs lean heavily on tokenized government securities or stablecoin collateral. Illiquid private company shares carry different risks: settlement complexity, issuer‑side compliance demands, and thin secondary liquidity. Mantle’s quick succession of BSPx after earlier issuances signals that the technical and legal rails are holding.
Not every blockchain can reliably support tokenized equity without external trust assumptions. Mantle’s design—built as an Ethereum rollup with a native focus on institutional‑grade bridging—has been refined over quarters. The network’s modular data availability layer and its native token economics aim to keep gas costs predictable, which matters when issuers want to avoid fee spikes during distribution events. Three listings with real companies indicate that the sales pitch is landing with corporates that can choose any chain.
The Private‑Market Liquidity Gap Private company shares have long been stuck in an illiquidity trap. Employees hold options, early investors sit on paper gains, and secondary transactions are manual, slow, and opaque. Tokenization doesn’t solve legal transfer restrictions overnight, but it does make compliant fractional sales technically feasible. That’s why Mantle’s cadence—moving from concept to live listings—is being watched by market operators who see a pipeline forming.
At the same time, on‑chain orderbooks for tokenized equities are immature. The spreads on BSPx are unlikely to resemble anything seen on Nasdaq. Early adopters are effectively betting that infrastructure precedes liquidity, not the reverse. For Mantle, the play is to aggregate enough high‑quality private names that market makers and custody providers eventually consider integrating with its native asset vaults. That is a long game, but the velocity of new listings shortens the feedback loop.
Regulatory Shadows and How Mantle Fits Any securities‑adjacent token launch in 2026 operates under a regulatory framework that is still hardening. Weeks of intense lobbying in Washington recently culminated in a battle over a landmark crypto bill, as reported just days ago. The outcome will likely shape what can be tokenized without triggering legacy securities laws. Mantle’s focus on equities places it directly in the crosshairs of these debates.
The network’s disclosure has not detailed how it structured the BSPx offering under applicable exemptions, which will matter to institutional compliance desks. European private companies like Bending Spoons may lean on EU prospectus exemptions, but the token marketing likely touches investors across jurisdictions. That jurisdictional patchwork remains the largest unhedged risk for the space. Mantle’s consistent listing pace will force these questions to be answered sooner rather than later.
What The Market Is Discounting Tokenized equity is not an asset class yet—it is a product category in alpha. The market is not pricing in sudden volume or deep liquidity for BSPx. What it may be discounting, however, is how quickly a Layer 2 network can become the default conduit for private company tokens if existing financial intermediaries continue to move slowly. Institutional interest is real: recent moves such as a Nasdaq firm deepening its staking footprint on Sui show that traditional players are testing blockchain rails in earnest.
Mantle’s ability to land three name‑brand issuances in rapid succession suggests it understands that speed of execution, rather than permissionless maximalism, is what attracts equity issuers. The test for BSPx will be whether secondary market data—however modest—starts to flow on-chain, and whether that attracts a fourth issuer even faster. For now, the network is stacking proof points that a tokenized private capital market can run on its infrastructure, one listing at a time.
Each new tokenized equity on Mantle adds a data point for an industry that remains reliant on narratives. The underlying message is that private company shares are not a one‑off gimmick on the network—they are becoming the baseline, not the exception.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Ondo Finance just made its boldest play yet. The protocol launched Ondo Perps, a platform that lets traders take perpetual futures positions on tokenized US equities, ETFs, and commodities, all on-chain, all day, every day.
The ONDO token is currently trading around $0.33, reflecting the market activity surrounding the platform’s rollout.
What Ondo Perps actually does Ondo Perps lets users trade perpetual futures on tokenized versions of traditional equities. The platform offers up to 20x leverage. Traders can use tokenized stocks themselves, like NVDA, TSLA, and AAPL tokens, as collateral to open positions, a meaningful departure from most perps platforms, which typically require stablecoins or native tokens as margin.
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The platform entered public beta shortly after its target launch date of June 9, with broader general availability expected in July. It’s primarily aimed at non-US users.
Why this matters for the tokenization thesis Ondo Finance built its reputation on tokenized Treasury products, giving crypto-native users access to yield from US government debt without leaving the blockchain. Ondo Perps creates a derivatives layer on top of tokenized equities, adding leverage, hedging capabilities, and round-the-clock trading to assets that traditionally only move during New York market hours.
Ondo is building an integrated stack: tokenized assets on one side, derivatives trading on the other, all connected through the same protocol on networks like Ethereum and Solana.
Traditional equity markets operate roughly 6.5 hours per day, five days a week. Perps on tokenized equities let traders react to news in real time, whether it’s 3 PM on a Tuesday or 2 AM on a Saturday.
Market positioning and investor considerations The ONDO token has been trading in a range between $0.30 and $0.34 as the platform gains traction.
The non-US restriction signals that Ondo’s legal team is aware of the regulatory landscape and has opted for a geographic firewall rather than trying to navigate US securities regulations head-on. This is the same playbook used by virtually every major crypto derivatives platform, from Binance’s international arm to dYdX.
For traders outside the US, the value proposition is access to leveraged equity exposure without needing a traditional brokerage account, without market hour limitations, and with the ability to use tokenized assets as productive collateral. Oracle reliability for pricing tokenized equities in a 24/7 environment, when the underlying stocks only trade during market hours, introduces potential pricing discrepancies.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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Why Is Ondo Using Tokenized Stocks as Trading Collateral? Ondo Finance has launched a pre-alpha version of its perpetual futures platform that allows users to trade with tokenized stocks as collateral, adding a new use case for real-world assets beyond simple onchain exposure.
The platform, Ondo Perps, lets eligible traders use tokenized stocks to access perpetual futures tied to commodities such as oil and gold, as well as popular equities including Apple and Tesla. The service is available 24/7 to traders outside the U.S., Panama, and other prohibited jurisdictions.
The move targets one of the central questions facing tokenized real-world assets: whether they can become active financial infrastructure rather than static representations of offchain securities. If tokenized stocks can be used as collateral across derivatives markets, they may gain a broader role in trading, margin management, and capital efficiency.
Ondo said the platform is designed to deliver liquidity and capital efficiency closer to traditional derivatives venues while keeping the onchain structure of tokenized assets. The firm is also offering early trading rewards, including $150,000 in USDC tied to first-week activity.
How Does This Change The Role Of Tokenized Stocks? Tokenized stocks have mostly been framed as onchain versions of traditional market exposure. Ondo’s new product changes that framing by treating them as collateral that can support leveraged trading across other markets.
That matters because collateral utility is one of the main ways tokenized assets can become more useful to traders. A tokenized stock that only tracks a share price has limited functionality. A tokenized stock that can sit inside a margin system and support futures trading becomes part of a broader capital stack.
Ondo Perps allows users to trade perpetual futures on U.S. stocks, ETFs, and commodities around the clock, with leverage of up to 20x. That structure gives non-U.S. users exposure to markets that traditional brokerage and derivatives platforms often limit by geography, trading hours, or collateral type.
Ondo Finance President Ian De Bode framed the change as part of a wider shift in market access. “We are rapidly approaching an investing experience that is, quite frankly, far better than what a traditional brokerage account can offer,” he said.
Investor Takeaway Ondo’s launch points to a more active phase for tokenized real-world assets. The key development is not only tokenizing stocks, but making them usable inside trading and collateral systems that can compete with traditional derivatives infrastructure.
Why Is The Product Limited By Jurisdiction? The platform’s availability outside the U.S., Panama, and other prohibited jurisdictions shows how closely tokenized equities and derivatives remain tied to regulatory boundaries. Tokenized stocks may trade onchain, but they still reference securities that are regulated in traditional markets.
That makes jurisdictional access central to the business model. Offering 24/7 permissionless trading to eligible global users gives Ondo a wider potential market, but excluding U.S. users reduces the regulatory pressure attached to launching stock-linked perpetual futures and tokenized equity collateral.
The setup also reflects a broader pattern in crypto market structure. Firms are building products that look more flexible than traditional brokerage accounts, but they are still forced to manage securities rules, derivatives oversight, custody requirements, and regional restrictions.
For institutions and larger traders, the jurisdictional limits are not a minor detail. They define who can access the product, how liquidity develops, and whether tokenized stock collateral can scale into a deeper market rather than remain a specialized offshore trading tool.
Can Ondo Stand Out In Perpetual Futures? Ondo is entering a competitive perpetual futures market that already includes crypto-native platforms such as Hyperliquid and Ostium. Its main point of difference is the link between real-world asset tokenization and derivatives collateral.
The company has been expanding its tokenized asset business over the past year. It previously launched 24/7 onchain access to more than 100 U.S. stocks and ETFs for eligible investors in Asia-Pacific, Europe, Africa, and Latin America. More recently, it expanded its U.S. footprint with tokenized versions of BlackRock’s iShares Core S&P 500 ETF and Micron shares under a third-party custodial framework.
That expansion gives Ondo a broader base for its perpetual futures strategy. The more tokenized stocks and ETFs it supports, the more useful its collateral model becomes. Traders could eventually use equity-linked assets to manage exposure across commodities, equities, and other perpetual markets without moving capital back into traditional brokerage rails.
The risk is that tokenized equity products sit in a complex regulatory zone. If access rules tighten, or if regulators question how stock-backed tokens are used in leveraged derivatives trading, growth could slow. Liquidity will also be important. A platform built around capital efficiency needs deep markets, reliable pricing, and confidence that collateral can be valued and managed during volatility.
Ondo’s pre-alpha launch is therefore an early test of whether tokenized stocks can move from market-access products into core trading infrastructure. If the model gains traction, tokenized real-world assets may become less about passive exposure and more about how traders finance, hedge, and leverage positions across global markets.
Netskope remains a buy, supported by its differentiated AI security platform and attractive valuation versus peers. AI security is driving record pipeline growth, with multi-product adoption deepening customer stickiness and expanding account value. Large customers ($100K+ ARR) grew 23% y/y, with 57% using four or more products, signaling platform traction.
Gold (XAU/USD) edges higher during the Asian session on Wednesday and, for now, seems to have snapped a two-day losing streak after falling to sub-$4,100 levels, or the weekly trough touched the previous day. The US Dollar (USD) struggles to build on a modest uptick as bulls turn cautious ahead of the release of the June FOMC meeting Minutes. This is seen as a key factor acting as a tailwind for the bullion. The fundamental backdrop, however, warrants some caution before confirming that the pullback from levels just above the $4,200 mark, or a two-week high set on Monday, has run its course.
The US military launched a new wave of strikes against Iran on Tuesday following reports of attacks on three oil tankers in the Strait of Hormuz, jeopardizing the already fragile ceasefire. Traders were quick to price in the geopolitical risk premium amid concerns about a further escalation of tensions, which might continue to benefit the Greenback's reserve currency status and cap the Gold price. The US also moved to withdraw a key concession that allowed Iran to sell oil on international markets, triggering a sharp rally in Crude Oil prices on Tuesday. The latest developments revive energy-driven inflationary fears and reaffirm the US Federal Reserve's (Fed) "higher for longer" policy stance.
According to the CME Group's FedWatch Tool, traders are currently pricing in over an 80% chance that the US central bank will deliver at least one 25 basis points (bps) rate hike by the end of this year. Adding to this, expectations of a more hawkish tone in the Fed Minutes push US Treasury bond yields higher. In fact, the yield on the benchmark 10-year US government bond rose to 4.567%, and the policy-sensitive two-year Treasury yield climbed to 4.189% on Wednesday. This, in turn, favors the USD bulls and should contribute to keeping a lid on the non-yielding Gold. Hence, it will be prudent to wait for some follow-through buying before placing fresh bullish bets on the XAU/USD pair.
XAU/USD daily chart
Gold is likely to attract fresh sellers at higher levels amid bearish technical setupFrom a technical perspective, the precious metal remains entrenched inside a downward-sloping channel and retains a bearish near-term bias below the 200-day Simple Moving Average (SMA). Meanwhile, the Moving Average Convergence Divergence (MACD) has turned positive, hinting at a short-term recovery attempt. However, the Relative Strength Index (RSI) at 44.33 stays below the midline, reinforcing a still-cautious tone rather than a sustained bullish reversal.
This, in turn, suggests that rallies are likely to face stiff resistance and remain capped by overhead supply near the channel’s upper boundary at $4,164.35, despite improving momentum. A convincing breakout through the said barrier and a subsequent move beyond the 200-day SMA at $4,491.30, which marks a more significant barrier, would be needed to ease the broader bearish pressure.
On the downside, the first meaningful structural support aligns with the channel’s lower boundary around $3,713.85. Buyers may attempt to defend the broader trend floor if the current rebound fails and XAU/USD resumes its slide within the bearish channel.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Japanese Yen.
USDEURGBPJPYCADAUDNZDCHFUSD-0.02%0.03%0.15%-0.03%-0.18%-0.48%0.03%EUR0.02%0.05%0.19%-0.01%-0.15%-0.46%0.04%GBP-0.03%-0.05%0.11%-0.06%-0.23%-0.51%-0.03%JPY-0.15%-0.19%-0.11%-0.18%-0.32%-0.64%-0.14%CAD0.03%0.00%0.06%0.18%-0.15%-0.46%0.03%AUD0.18%0.15%0.23%0.32%0.15%-0.31%0.16%NZD0.48%0.46%0.51%0.64%0.46%0.31%0.49%CHF-0.03%-0.04%0.03%0.14%-0.03%-0.16%-0.49% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
One of the most important discussions happening since the Space Exploration Technologies (SPCX 6.72%) initial public offering (IPO), and the one that's perhaps the most relevant to the investing community, is how the IPO impacts index investors.
While the SpaceX IPO was the largest in history and highly oversubscribed, there are plenty of investors out there (like me) who wouldn't touch it with a 10-foot pole. That gets complicated, however, because many value investors use passive index investing, whether as the main part or just one element, of their investment strategy.
Since SpaceX has landed on the market as one of the most valuable companies in the world, it's going to be added to many indexes and incorporated into funds that track them. In fact, it's already happening; it was added to the Russell 1000 index at the end of June, just two weeks after going public, and funds that track it will have to buy SpaceX stock to reflect that change. As of this writing, two Vanguard exchange-traded funds (ETFs) that track the Russell 1000, the Vanguard Russell 1000 ETF (VONE 0.52%) and the Vanguard Russell 1000 Growth ETF (VONG 1.30%), do not list it as a component.
Image source: Getty Images.
It's also being fast-tracked into the Nasdaq-100, which means the Invesco QQQ Trust ETF (QQQ 1.88%), one of the world's largest ETFs, will have to include it as well.
With two more high-profile IPOs on the way later this year, they may be changing the landscape for index investors.
Do IPOs change this low-risk investing strategy? Vanguard rates most of its index-tracking ETFs with a four-out-of-five risk rating, which seems high. Its lower risk ratings, though, go to bond ETFs. The higher-risk stock ETFs get a five. That means it sees inherent risk in nearly all of its stock ETFs, and that risk is a feature, not a bug. This may be why.
Passive index investors tend to view the strategy as a low-risk path toward wealth creation. The S&P 500 has gained an annualized average of 11.4% over the past 20 years, and investing in it through a low-cost index ETF, rather than trying to beat it, reduces the risk of owning individual stocks while providing opportunities to grow your money.
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SpaceX is already live, but under current rules, it won't be eligible for inclusion in the S&P 500 for at least another year. However, Anthropic and OpenAI are planning big IPOs later this year and are likely to become among the most valuable companies right away.
Investors have some time to consider their strategy. Weighted ETFs like the Vanguard S&P 500 ETF (VOO 0.51%) are by nature growth-oriented, and these heavy IPOs could increase their risk. Investors who rely on them for low-risk qualities may want to diversify some of their holdings into true low-risk vehicles, such as bond or value ETFs. For example, the Russell 1000 value index does include SpaceX, but since it was classified as 90% growth and 10% value, it will only account for a small amount of the Vanguard's Russell 1000 value ETF (VONV +0.20%) weight when it gets included.
