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TraderKnowsExtreme Heatwave Sweeps Europe Breaking Temperature Records, Straining Grids and Prompting Re-evalu?
An extreme heatwave fueled by a heat dome and El Niño hit Europe in June, shattering temperature records across multiple countries. French spot power prices surged 25% to historic highs amid nuclear curtailments. The normalization of summer heat is?TraderKnowsFed's Goolsbee Says Inflation Is Too High but Services Offer a Glimmer
Chicago Fed President Austan Goolsbee said underlying US inflation remains too high and is not moving well, though the latest report showed a modest improvement in services inflation.TraderKnowsSouth Korea Moves Toward 24-Hour Won Trading as Volatility Risks Rise
South Korea will launch 24-hour won trading from July 6, ending the currency's fixed-session structure. Traders expect deeper global access but also heavier workloads and potentially amplified volatility.TraderKnowsIMF Says US Momentum Remains Strong and Fed Was Right to Hold Rates
The IMF said the US economy still shows strong growth momentum, though inflation remains above the Federal Reserve's 2% target. It backed the Fed's decision to keep policy rates unchanged.TraderKnowsUkraine Drone Strikes Disrupt Russian Supply Lines, Zelensky Says
Ukraine has intensified long-range drone attacks on Russian energy and military infrastructure. Zelensky said Moscow is moving air defenses to protect core targets, while fuel shortages disrupt Russian logistics.TraderKnowsGlobal Tech Layoffs Near 122,000 as AI Drives Workforce Restructuring
Technology layoffs have approached 122,000 this year across more than 202 companies. Unlike earlier panic cuts, firms are redirecting resources toward AI models, computing infrastructure, chips and data centers.TraderKnowsTaiwan Business Signal Stays Red for Sixth Month on Strong External Demand
Taiwan's business climate score eased to 39 but stayed in the red for a sixth straight month. Strong exports and machinery imports reflect AI-related capital spending, while retail and dining show domestic resilience.
BoE Huw Pill Warns Multi-Scenario Forecasting Hampers Consensus as Rate Splits Implode
Bank of England Chief Economist Huw Pill stated that shifting to multi-scenario forecasting complicates the process of reaching a policy consensus among MPC members. With internal divisions over raising the benchmark rate from 3.75% to 4.00%, Pill a?
Global Stocks Rebound on Bargain Hunting as Central Bank Policies Diverge and Geopolitical Risks Pe?
S&P 500 and Nasdaq 100 futures rebounded pre-market led by Nvidia, while the PBOC interest rate cut boosted Chinese equities. Conversely, South Korean chipmakers fell despite a $1.3 trillion expansion plan. Brent crude climbed to $73 amid Hormuz Str?
Fed Chair Walsh Appoints Advisors to Review Dot Plot and Bond Yields
Chair Walsh appointed Kovitz and Enstrom as advisors. Their research on economic forecast anchors and high U.S. Treasury yields suggests upcoming major reforms in Fed policy flexibility and expectation management tools.
South Korea Unveils Big Three Chip and AI Super Projects as Samsung and SK Group Lock In Trillion-W?
The South Korean government, together with Samsung Electronics and SK Group, announced massive initiatives spanning semiconductors, physical AI, and data centers. Samsung targets 2,450 trillion KRW by 2040, while SK hynix accelerates its Yongin fab?
UK 10-Year Gilt Yield Falls to Daily Low as Markets Await Burnham Fiscal Guidance
The UK 10-year gilt yield dropped to 4.727% after leadership challenger Andy Burnham pledged strict adherence to existing budget rules while prioritizing regional rebalancing, narrowing the UK-Germany spread to 186 bps.
