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EIA reported an 87 Bcf gas storage build, above forecasts, pressuring prices amid volatile summer demand.
May US factory orders fell 1.3%, beating forecasts; economy cooling not collapsing, focus shifts to payrolls, volatility.
ECB may raise minimum reserves, shifting balances to non‑remunerated accounts, tightening liquidity and widening Euribor‑€STR spreads.
June US hourly earnings rose 3.5% year-on-year, steadying Fed outlook, supporting soft-landing trades and dollar strength.
Spain’s five-year bond auction yield fell to 2.835%, signaling stronger demand and easing funding costs.
India’s June manufacturing PMI slowed to 54.2, easing inflation pressures; RBI likely holds rates, USD/INR range-bound.
France’s May budget deficit widened to €93.3bn, boosting borrowing, pressuring OATs, CAC 40, euro, CDS.
UAE gold prices rose Thursday; gram AED 479.97, tola AED 5,598.17, supported by central bank buying.
Dollar index holds near 101.38 as weak data meets hawkish Fed, with NFP poised to drive volatility.
US ISM new orders eased to 56.0, signaling slower growth; investors consider hedges, fewer Fed hikes.
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