Markets

3 July 2026
EIA reports larger US natural gas inventory build, pressuring futures as summer-demand risks loom

EIA reported an 87 Bcf gas storage build, above forecasts, pressuring prices amid volatile summer demand.

3 July 2026
US factory orders fall less than forecast, keeping Fed in holding pattern ahead of payrolls

May US factory orders fell 1.3%, beating forecasts; economy cooling not collapsing, focus shifts to payrolls, volatility.

3 July 2026
ECB Weighs Higher Minimum Reserves, Testing Eurozone Liquidity and Nudging Euribor-OIS Spreads Wider

ECB may raise minimum reserves, shifting balances to non‑remunerated accounts, tightening liquidity and widening Euribor‑€STR spreads.

2 July 2026
US wage growth holds at 3.5% in June, underpinning Fed rate-hold expectations and market calm

June US hourly earnings rose 3.5% year-on-year, steadying Fed outlook, supporting soft-landing trades and dollar strength.

2 July 2026
Spain five-year bond auction yield slips to 2.835% as ECB rate-cut bets underpin demand

Spain’s five-year bond auction yield fell to 2.835%, signaling stronger demand and easing funding costs.

2 July 2026
India’s June Manufacturing PMI Revised Lower, Reinforcing RBI Hold as USD/INR Hovers Near 95.25

India’s June manufacturing PMI slowed to 54.2, easing inflation pressures; RBI likely holds rates, USD/INR range-bound.

2 July 2026
France’s May Budget Deficit Widens to €93.3bn, Raising Pressure on OAT Yields and Risk Assets

France’s May budget deficit widened to €93.3bn, boosting borrowing, pressuring OATs, CAC 40, euro, CDS.

2 July 2026
UAE Gold Prices Edge Higher as Central Bank Buying Supports Safe-Haven Demand

UAE gold prices rose Thursday; gram AED 479.97, tola AED 5,598.17, supported by central bank buying.

2 July 2026
Dollar Index Holds Near One-Year High as Soft Data Meets Fed Hike Bets Ahead of Payrolls

Dollar index holds near 101.38 as weak data meets hawkish Fed, with NFP poised to drive volatility.

2 July 2026
US ISM manufacturing new orders edge lower in June, hinting at cooling demand and softer Fed outlook

US ISM new orders eased to 56.0, signaling slower growth; investors consider hedges, fewer Fed hikes.

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