Market news
Crypto, stocks, forex and macro, aggregated for traders.
Chinese AI stocks surge as Zhipu, MiniMax gain hundreds of percent YTD
Zhipu shares have jumped over 2,000% year-to-date in Hong Kong, while rival MiniMax has gained 260%. The rally follows new Chinese government measures to boost AI adoption across multiple sectors.
TD Securities: Fed Hawkish Hold Through 2027
TD Securities forecasts the Federal Reserve will maintain a hawkish stance and keep policy rates unchanged through 2026, potentially extending into 2027.
Deutsche Bank: Sterling Risk Premium Already Priced In Ahead of UK Leadership Shift
Deutsche Bank notes that markets have largely anticipated a change in UK leadership, leaving the risk premium on sterling already priced in ahead of the Autumn Budget.
Canada Inflation Hits 3.2% in May on Energy, Airfares, Food – RBC
Canadian consumer price inflation rose to 3.2% year-over-year in May, driven by higher energy costs, airfares, and food, according to RBC economist Abbey Xu.
USD/CAD Holds Near April Highs Despite Stronger Canadian CPI
The Canadian Dollar failed to rally on stronger-than-expected inflation data, leaving USD/CAD little changed near 1.4165, its highest since April.
TD Securities: Tight Summer Balances Support Higher Oil Prices
TD Securities analysts Ryan McKay and Bart Melek note that crude oil and petroleum product flows from the Middle East have rebounded sharply, but the surge is seen as temporary. Tight summer balances are expected to support higher oil prices.
Polish GDP Growth Slows in Q2, But 2026 Target Remains Achievable
Polish retail sales and construction output disappointed, causing Q2 GDP growth to fall below the 3.5% YoY rate seen in Q1. However, strong investment may still support a 3.4% growth rate by 2026.
Netanyahu Says IDF Has Full Freedom of Action in Southern Lebanon
Israeli Prime Minister Netanyahu stated that the IDF has no restrictions in southern Lebanon and will remain in a security zone as necessary to protect northern residents.
Lagarde: No Evidence of Inflation De-anchoring to Warrant Stronger ECB Action
ECB President Christine Lagarde said Monday that there is no evidence of inflation expectations becoming unanchored, which would require a more aggressive policy response, despite geopolitical uncertainties.
Sterling Vulnerable to Dollar Path – SocGen
Societe Generale's Kit Juckes says UK political change has only modestly weakened GBP, with EUR/GBP expected to rise 1-2% and GBP/USD likely to test 1.30.
Needham Raises Micron Price Target to $1,550 Ahead of Earnings
Needham & Company raised its price target on Micron (MU) to $1,550 from $500 ahead of Wednesday's earnings report.
Dow, S&P Open Higher; Nasdaq Slightly Lower
The Dow Jones and S&P 500 edged higher at the open while the Nasdaq dipped slightly.
US Issues Iran Oil License, Allowing Iranian Oil Exports Until August 21
The US has granted Iran a general license for oil-related activities, permitting the production, delivery, and sale of Iranian crude and petrochemicals through August 21, marking the first official return of Iranian oil to global markets since 2018.
JPMorgan: Institutions Set to Sell $165B in Equities in End-of-Q2 Rebalancing
JPMorgan estimates institutional investors will sell up to $165 billion in equities and buy bonds in the largest quarter-end rebalancing in at least four years. Major sovereign wealth funds and pension funds are expected to lead the selling.
Bank of England Eases Stablecoin Reserve Requirements, Cuts Central Bank Deposit Ratio to 30%
The Bank of England has finalized its rules for systemically important stablecoins, lowering the required share of reserves held at the central bank from 40% to 30% and allowing the remainder in short-term UK gilts.
Intel Stock Surges 494% Since US Government Took Stake in 2025
Intel shares have rallied 494% since the U.S. government acquired a stake in the company in 2025, driven by optimism over government-backed semiconductor manufacturing, AI infrastructure spending, and domestic chip production.
Data Center Expansion Faces Growing Local Opposition Over Environmental Concerns
Tech companies pushing for faster data center approvals are meeting resistance from communities worried about water, power, land use, and environmental impact.
ING: Fedspeak and Hormuz Risks to Drive USD This Week
ING analyst Francesco Pesole says Federal Reserve commentary and developments around the Strait of Hormuz will be the main drivers for the US dollar this week, with front-end rates remaining a key focus.
EUR/USD Bounces from 1.1417, Holds Strength After Holiday Weekend
EUR/USD slipped on Friday but rebounded, showing renewed strength after several days of weakness. The bounce from the 1.1417 area was expected and appears to be holding into Monday.
Student loan defaults hit record high, consumer stress rises
A record increase in student loan defaults highlights growing repayment difficulties, raising red flags for household finances, consumer spending, and credit quality.
Gold Edges Higher on US-Iran Talks Progress, Fed Rate Hike Bets Cap Gains
Gold (XAU/USD) edged higher on Monday as US and Iran held their first direct talks in Switzerland, but gains were limited by expectations of further Fed rate hikes.
Zurich Insurance Warns Data Center Boom May Spur Securitized Insurance Products
Zurich Insurance warns that the scale of global data-center investments may exceed traditional insurers' risk appetite, potentially leading to securitized insurance products to distribute exposure.
Canada CPI Rises to 3.2% in May, Beating Expectations
Canada's annual inflation rate accelerated to 3.2% in May, exceeding market forecasts and accelerating from April's 2.8% increase.
S&P 500 Relief Rally Limited After US-Iran Deal: Deutsche Bank
Deutsche Bank strategist Henry Allen says the S&P 500's bounce after the US-Iran interim deal is constrained, with the index still below its early-June record and credit spreads remaining elevated.