News

US President Trump: (on Spain) We will see what happens with the EU.

U.S. wholesale sales in May recorded a monthly rate of 3.4%, the largest increase since January 2022.

The monthly rate of wholesale sales in the United States in May was 3.4%, and the previous value was revised from 2.00% to 2.2%.

Czech Prime Minister Andrej Babiš: Czech Republic will not participate in the €70 billion military aid program for Ukraine.

Spanish Prime Minister Sánchez: Relations with the United States are "very positive".

Spanish Prime Minister Sánchez: I had an informal conversation with President Trump today, and we discussed the FIFA World Cup.

Indian Prime Minister Modi: I look forward to talks with Australian Prime Minister Albanese.

U.S. wholesale sales for May will be released in ten minutes.

Spanish Prime Minister Sanchez: Spain will join Finland’s Arctic security operations.

Adviser to Iran’s supreme leader: US actions will push the Middle East into a sea of ​​fire.

US President Trump: Our previous strikes were just a simple warning.

U.S. energy stocks generally rose, with Devon Energy rising 1.6%, Halliburton rising 2.1%, Chevron rising 1.2%, Exxon Mobil rising 0.5%, and ConocoPhillips rising 1.9%. Occidental Petroleum rose 3%, Apa Corp gained 2.5% and Diamondback Energy gained 2.2%.

Trump's push for Ukraine to independently produce advanced weapons such as "Patriot" and "Tomahawk" means that the U.S. aid model to Ukraine is shifting from direct financial support to a military outsourcing model of "technology authorization + supply chain export". The biggest impact of this change is the re-evaluation of the business logic of military industrial enterprises. In the past, U.S. military industry giants mainly relied on government purchase orders, but the technology licensing model can further expand overseas markets, increase the proportion of overseas revenue through weapons system authorization, core component supply and long-term maintenance services, and shift from a single order model to more stable global military industry ecological benefits. At the same time, This arrangement also sends a signal: the market’s previous expectations for a quick end to the Russia-Ukraine conflict may be adjusting. Allowing Ukraine to establish independent production capabilities means that the United States is preparing for longer-term military support and regional security needs, and the logic of European defense spending and military investment may continue to strengthen. For financial markets, geopolitical risks are shifting from short-term event impacts to long-term industrial and fiscal structural changes. Funds may reassess European security assets, defense sectors and defensive assets related to energy and resources.

Broadcom shares rose 2.7% as it reached an agreement with Apple to produce billions of chips.

U.S. travel stocks fell as tensions between the U.S. and Iran intensified and oil prices soared. United Airlines fell 3.5%, Southwest Airlines fell 2.1%, Carnival Cruise Line fell 3.1%, Royal Caribbean Cruises fell 1.1%, Norwegian Cruise Line fell 1.9% and Delta Air Lines fell 2.7%.

The Dow Jones Index opened down 550.74 points, or 1.04%, to 52374.41 points on July 8 (Wednesday);The S&P 500 Index opened down 45.6 points on July 8 (Wednesday) 4 points, or 0.61%, to 7458.21 points;The Nasdaq Composite Index opened down 111.97 points, or 0.43%, to 25706.72 points on July 8 (Wednesday).

U.S. stocks opened with the Dow Jones Industrial Average down 0.31%, the S&P 500 Index down 0.51%, and the Nasdaq Composite Index down 0.44%. SanDisk (SNDK.O) fell 1%, Micron Technology (MU.O) fell 2.9%, Microsoft (MSFT.O) fell 1.5%, Alibaba (BABA.N) rose more than 9%, and Broadcom (AVGO.O) rose 2%.

US President Trump: We did not launch the highest level of attack, such as blowing up bridges or anything like that. If necessary, we will destroy higher level targets.

US President Trump: More Iranian ships may be sunk tonight and attacks will be renewed against them, and Iran will be unable to do anything about it.

U.S. President Trump: (About Iran) 28 Iranian ships were sunk last night.