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On July 3, Russian Deputy Prime Minister Novak instructed relevant departments and enterprises to develop specific measures to stabilize fuel supplies in the regions most severely affected by the situation. TASS reported on July 2 that Novak stated Russia has sufficient fuel reserves to meet domestic market demand, but panic buying has led to a 20% to 30% increase in demand. Shortages at some gas stations are due to adjustments in the logistics of refineries' distribution to specific oil depots and gas stations, and readjusting the logistics system will take time. He also indicated that Russia may implement a short-term diesel export ban to ensure domestic supply.

The China Earthquake Networks Center officially reported that a 6.2-magnitude earthquake occurred at 10:31 a.m. on July 3 in the sea area near Halmahera Island, Indonesia (1.85 degrees north latitude, 127.40 degrees east longitude), with a focal depth of 120 kilometers.

July 3rd - On Friday, the dollar was on track for its biggest weekly drop in nearly three months after a weak June jobs report delayed market expectations of a Federal Reserve rate hike, giving the weak yen some breathing room. The sharp slowdown in U.S. job growth in June prompted traders to lower their expectations for a near-term Fed rate hike, with the market now pricing in a 52% chance of a rate hike at the September meeting, down from 64% the previous trading day. U.S. Treasury yields also retreated from earlier highs, with the two-year Treasury yield ending a three-day winning streak. "Marginally, this data is dovish, helping to ease concerns about an overheated labor market and the need for more aggressive policy tightening," said Sim Moh Siong, FX strategist at OCBC Bank. However, he added that as long as expectations of Fed tightening remain unchanged, the overall outlook for the dollar remains constructive, especially against lower-yielding currencies.

GFZ (German Center for Geosciences): A 6.3-magnitude earthquake has struck Halmahera, Indonesia.

The yield on Japan's 20-year government bonds fell 1.5 basis points to 3.750%.

July 3rd - Tencent Wealth Management's current account + 7-day annualized yield ranges from a maximum of 1.0700% to a minimum of 0.7750%, WeChat Pay's 7-day annualized yield ranges from a maximum of 1.0040% to a minimum of 0.9680%, and Alipay's Yu'ebao's 7-day annualized yield ranges from a maximum of 1.0240% to a minimum of 1.0020%.

On Friday, July 3, the Hang Seng Index opened 185.82 points higher, or 0.81%, at 23,240.85; the Hang Seng Tech Index opened 33.7 points higher, or 0.76%, at 4,487.98; the H-share Index opened 62.07 points higher, or 0.82%, at 7,674.55; and the Red Chip Index opened 18.55 points higher, or 0.5%, at 3,754.15.

Hang Seng Index futures opened 0.62% higher at 23,178 points, a premium of 132 points.

July 3 – On July 1, He Yang, Vice Minister of the National Energy Administration of China, met with Yu Yunsa, Executive Director of EDF (Électricité de France), in Beijing. The two sides exchanged views on China's 15th Five-Year Plan for Energy and cooperation in the clean energy sector. He Yang stated that during the 15th Five-Year Plan period, China will vigorously develop clean energy, expand investment in renewable energy, and consistently adhere to an open policy, creating a market-oriented, rule-of-law, and internationalized business environment. He welcomed foreign companies, including EDF, to deepen their presence in the Chinese market and to strengthen practical cooperation with Chinese companies in various energy sectors. Yu Yunsa stated that EDF maintains a good cooperative relationship with Chinese companies, and China has always been a core market for EDF's development. EDF is willing to leverage its traditional technological advantages to cooperate with Chinese companies in areas such as nuclear power, electrification, emerging technologies, and third-party markets.

The Alberta government in Canada says financing details for the new West Coast oil pipeline are still under negotiation.

The Alberta government in Canada says the design and construction of a new west coast oil pipeline will begin as early as September 1, 2027.