News

The U.S. 3-year Treasury bond yield narrowed its gains slightly after the 3-year Treasury bond auction, and was last up 2.5 basis points at 4.173%.

Market news: Britain summoned Iran's charge d'affaires in the UK to negotiate over the attack on an Iranian international TV reporter.

Israeli Prime Minister Benjamin Netanyahu: The sale of F-35 fighter jets by the United States to Türkiye will "destroy the balance of power in the Middle East."

According to the Wall Street Journal: Democratic lawmakers are investigating U.S. Commerce Secretary Lutnick’s dealings with Cantor Fitzgerald. (Lutnick served as chairman and CEO of Cantor Fitzgerald Corporation)

Market news: Microsoft (MSFT.O) has replaced OpenAI and Anthropic’s models with self-developed AI models in some applications.

According to Iran News TV: An official said that any "provocative action" by the United States will be met with an immediate and resolute response from Iran.

Market news: The United States, Japan and South Korea signed a memorandum of understanding on the deployment of modular reactors.

EIA Short-Term Energy Outlook Report: U.S. crude oil production is expected to average 13.84 million barrels per day in July, down from 13.89 million barrels per day in June; average production in August is expected to further drop to 13.81 million barrels per day.

EIA Short-Term Energy Outlook Report: U.S. natural gas production is expected to average 122.4 billion cubic feet per day in July, up from 122.3 billion cubic feet per day in June; average production in August is expected to rise further to 122.6 billion cubic feet per day.

EIA Short-term Energy Outlook Report: U.S. oil demand is expected to be 20.7 million barrels per day in 2026, the same as the previous forecast; demand in 2027 is expected to be 20.8 million barrels per day, higher than the previous forecast of 20.7 million barrels per day.

The July EIA natural gas production forecast for the next year in the United States is 115.3 billion cubic feet per day, compared with the previous value of 113.6 billion cubic feet per day.

The U.S. EIA natural gas production for the year in July is expected to be 111.2 billion cubic feet per day, compared with the previous value of 111 billion cubic feet per day.

According to people familiar with the matter, SK Hynix’s U.S. IPO was oversubscribed several times, and approximately 1,000 retail investors participated in the (management marketing) conference call on July 6.

Canadian Prime Minister Carney said that nine countries have pledged to join the Global Defense Bank, a move that will effectively promote the multilateral financing mechanism for allied countries to rearm. The latest members include Canada, Albania, Belgium, Greece, Latvia, Luxembourg, Romania, Turkey and Ukraine, but no other members of the G7 except Canada have joined, which may restrict its initial capital capacity. Canada's foreign minister said the agency remains open to other countries. Think tank analysts pointed out that although the start-up conditions have been met, the sponsors originally expected to obtain the participation of more European powers. The bank is expected to be operational in 2027, It aims to unleash investment in the defense industry and enhance the collective ability of allies to respond to security threats.

The German DAX30 index closed down 362.34 points, or 1.40%, at 25470.18 points on July 7 (Tuesday);The British FTSE 100 index closed up 16.22 points, or 0.15%, at 10667.99 points on July 7 (Tuesday). ;The FCHI index closed down 43.63 points, or 0.51%, at 8436.24 points on July 7 (Tuesday);The European Stoxx 50 Index closed down 79.26 points, or 1.24%, at 6318.75 points on July 7 (Tuesday); Spain’s IBEX35 index closed down 38.31 points, or 0.19%, at 19645.49 points on July 7 (Tuesday); Italy’s FTSE MIB index closed down 475.64 points, or 0.90%, at 52483.50 points on July 7 (Tuesday).

Ukrainian President Zelensky: Canada will provide a $900 million support package to Ukraine.

The U.S. Treasury bond auction for the six weeks to July 7 - the winning rate allocation percentage was 86.48%, compared with the previous value of 54.61%.

The U.S. Treasury bond auction for the six weeks to July 7 - the bid-to-bid ratio was 2.74, compared with the previous value of 2.71.

The U.S. government bond auction for the six weeks to July 7 - the winning rate was 3.635%, compared with the previous value of 3.66%.

The U.S. 1-year Treasury bond auction as of July 7 - the winning interest rate was 3.86%, compared with the previous value of 3.75%.