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Up to now, three earthquakes with a magnitude of more than 6 occurred in the southern province of Hormozgan on the 2nd, killing five people and injuring at least 19 others. The injured have been taken to a nearby hospital for treatment.
In the early morning of July 2, local time, a series of earthquakes occurred in southern Iran. The village of Sayehush was the hardest-hit village, and local buildings were severely damaged.
Market news: Colombia raises domestic fuel prices for the first time in 6 months.
[Report] On July 2, local time, a series of earthquakes in the southern province of Hormozgan caused a certain degree of landslides. It is understood that there are currently 5 local villages in a state of power failure, and the government is sending people to carry out emergency repairs.
The Indonesian minister said that starting July 1, Indonesia will increase the amount of palm oil that companies are allowed to export to seven times the current domestic sales.
The Atlanta Fed's GDPNow model lowered its second-quarter GDP growth forecast to -2.08% again from -1.01% yesterday. Since the end of June, the model's expected level of GDP has fallen off a cliff (the forecast in mid-May was 2.5%).
The Hong Kong Observatory issued the latest tropical cyclone warning: Gale or Storm Signal No. 8 will be maintained until noon.
US Commodity Futures Trading Commission (CFTC): As of the week of June 28, the net short position of natural gas futures in the NYMEX and ICE markets was 1,411 lots.
U.S. Commodity Futures Trading Commission (CFTC): As of the week of June 28, the speculative net long position in WTI crude oil futures increased by 11,488 contracts to 236,154 contracts.
[Market] The three major U.S. stock indexes rose in late trading, with the Dow up 1%, the S&P 500 up 0.97%, and the Nasdaq up 0.74%.
U.S. Commodity Futures Trading Commission (CFTC): Net speculative short positions in COMEX copper futures increased by 9,444 contracts to 25,402 contracts in the week to June 28.
U.S. Commodity Futures Trading Commission (CFTC): Net long speculative positions in COMEX silver futures decreased by 6,817 contracts to 993 contracts in the week ended June 28.
US Commodity Futures Trading Commission (CFTC): As of June 28, the net long speculative position in COMEX gold futures decreased by 15,180 contracts to 46,637 contracts.
Iraqi government: In June, Iraq's crude oil exports outside the Kurdistan region were 3.373 million barrels per day.
Pentagon: New security assistance to Ukraine also includes 4 anti-artillery radars.
【Reminder】The CFTC will release the weekly position report in ten minutes.
[Market] Cryptocurrency broker Voyager Digital fell by 22%, hitting a new intraday low.
[Quotation] The decline in U.S. stocks of cryptocurrency broker Voyager Digital once expanded to about 5%, and the company said it suspends trading and deposits and withdrawals.
Cryptocurrency broker Voyager Digital: Suspended trading and deposits and withdrawals based on current market conditions.
Institutional analysis: Economic worries intensify Copper prices fell to 17-month lows Copper prices fell to 17-month lows on Friday, extending the decline in the second quarter, and growing concerns about a global economic slowdown pushed industrial commodities to slump. London copper fell as much as 3.7% to $7,955 a tonne. Copper prices fell 20% in the second quarter, the worst quarter in a decade. Investors appear increasingly convinced that growth is set to weaken amid tightening monetary policy and Europe's energy crisis. ED&F Man analyst Edward Meir said the sell-off in metals appeared to be accelerating heading into July. Under the assumption of a hard landing for the U.S. and European economies, the copper market will face a supply glut of about 10 percent of total supply over the next two years, TF Futures said.