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US jobs data weak: payrolls slowing, household employment falling; lower participation masks slack, risking unemployment spike.
Fed minutes show hawkish hold, split on hikes; inflation stubborn, jobs steady; expect volatility, positioning with options straddles.
German exports climbed 0.9% in May, beating forecasts, boosting DAX and euro outlook, pressuring Bunds.
China’s June PPI fell 4.1% yearly, easing volatility fears; deflation persists, enabling steady PBoC policy strategies.
TD Securities warns China’s fiscal stance is tightening; limited H2 2026 support unless growth nears 4.0–4.2%.
S&P 500 consolidates in a fourth-wave correction; traders watch 7,348 support or 7,551 breakout triggers.
May US consumer credit fell $0.18bn versus $17.1bn expected, signaling slowdown, prompting defensive, Fed-cut trades.
Fed minutes reveal hawkish division; inflation stays high as markets price renewed hikes, boosting dollar and yields.
WTI holds gains as Middle East supply risks return, while surprise US stock builds cap upside.
US 10-year auction yield rose to 4.58%, signaling higher borrowing costs, pressuring growth stocks, raising volatility.
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