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Key Events and Data Preview for This Week – Fed Meeting Minutes; Chinas June CPI and June Foreign Exchange Reserves; SK Hynix ADR Makes its US Stock Market Debut 1. Monday: ① Data: Switzerlands June seasonally adjusted unemployment rate; Eurozones July Sentix Investor Confidence Index, Eurozones May PPI (MoM), Eurozones May Retail Sales (MoM); US June S&P Global Services PMI (Final), US June ISM Non-Manufacturing PMI, US June Global Supply Chain Stress Index. ② Events: Speeches by Fed Governor Waller, ECB Executive Board Member Schnabel, ECB Governing Council Member Winsch, and Swedish Central Bank Deputy Governor Seim. 2. Tuesday: ① Data: Germanys May seasonally adjusted industrial production (MoM); UKs June Halifax seasonally adjusted house price index (MoM); Frances May trade balance; US ADP employment change for the week ending June 20, US May trade balance; Chinas June foreign exchange reserves. ② Events: Turkey hosts the NATO summit until July 8; the Office of the United States Trade Representative holds a public hearing to consider a proposal to impose additional tariffs on 60 economies worldwide. 3. Wednesday: ① Data: US API crude oil inventories for the week ending July 3; Japans May trade balance; New Zealands Reserve Bank of New Zealand interest rate decision for July 8; US May wholesale sales month-on-month rate; US EIA crude oil inventories for the week ending July 3; US EIA Cushing, Oklahoma crude oil inventories for the week ending July 3; US EIA Strategic Petroleum Reserve inventories for the week ending July 3. ② Events: EIA releases its monthly Short-Term Energy Outlook report; Reserve Bank of New Zealand Governor Brehman holds a monetary policy press conference. 4. Thursday: ① Data: US 10-year Treasury auction (ending July 8) - winning yield, US 10-year Treasury auction (ending July 8) - bid-to-cover ratio; Chinas June CPI year-on-year rate; Germanys May seasonally adjusted trade balance; US initial jobless claims for the week ending July 4; US June existing home sales (annualized); US EIA natural gas storage for the week ending July 3. ② Events: Federal Reserve releases monetary policy meeting minutes; European Central Bank releases June monetary policy meeting minutes; FOMC permanent voting member and New York Fed President Williams speaks. 5. Friday: ① Data: Germanys final June CPI month-on-month rate; Frances final June CPI month-on-month rate; Switzerlands June consumer confidence index; Canadas June employment change; Chinas June M2 money supply year-on-year rate. ② Events: SK Hynixs American Depositary Receipts (ADRs) are tentatively scheduled to list on Nasdaq on July 10; 2026 FOMC voting member and Dallas Fed President Logan speaks; IEA releases monthly oil market report. ③ Holiday: The New Zealand Stock Exchange is closed for one day. 6. Saturday: ① Data: Total number of oil rigs in the United States for the week ending July 10.An advisor to the Ukrainian Interior Minister stated that approximately 15 explosions occurred in Kyiv within 10 minutes. Air raid sirens are still in effect. There is a possibility of cruise missile and further ballistic missile attacks.On July 6, Israeli Prime Minister Benjamin Netanyahu stated on July 5 that he will continue to oppose Irans nuclear program regardless of whether the United States and Iran reach an agreement. He said that in order to defend Israels fundamental interests, the Israeli government will never allow Iran to acquire nuclear weapons.An advisor to the Ukrainian Interior Minister stated that Kyiv, the capital of Ukraine, has been hit by multiple rounds of ballistic missile strikes from Russia, with explosions reported throughout the city.U.S. Republican Representative Nancy Mays: We will introduce a bill to ban immigration from Somalia, South Sudan, and Sudan.

The U.S. SEC denies Grayscale's request for a spot bitcoin ETF

Haiden Holmes

Jun 30, 2022 11:11


The U.S. Securities and Platform Commission said in a filing on Wednesday that it denied Grayscale's request to launch a spot bitcoin market-traded fund on Intercontinental Exchange Inc NYSE Arca exchange. Grayscale is one of the biggest digital asset managers in the world.


Grayscale did not immediately respond to a request for comment.


Over the last year, the SEC has rejected over a dozen applications for spot bitcoin ETFs, focused particularly on the lack of surveillance-sharing agreements with a large, regulated market for the underlying assets.


The price of bitcoin, the most popular digital currency, has plummeted by around 70 percent from its November high of over $69,000.