Real-time News

The Federal Reserve accepted a total of $545 million from three counterparties in its fixed-rate reverse repurchase operations.

The total number of natural gas drilling rigs in the United States for the week ending July 10 was 126, unchanged from the previous week.

On July 11, Iranian Parliament Speaker Mohammad Ghalibaf stated that Iran has never sought war, but will never succumb to external pressure. Ghalibaf said that before the recent conflict erupted, the United States, Israel, and NATO believed they could force Iran to surrender within days, but ultimately failed to achieve this goal. He stated that the US sought a ceasefire due to economic, political, and public opinion pressure. He emphasized that Iran does not trust the United States and is only qualified to negotiate with the US if it is prepared for war. If the US "reneges on the memorandum of understanding," Iran will prepare for "full defense" and firmly defend its national interests. Ghalibaf stated that the international community hopes to end the war, but everyone should understand that the conflict will not end with Iran's surrender.

The New York Fed's GDP Nowcast model projects U.S. GDP growth of 2.73% in the second quarter, up from 2.74% previously.

July 11 – The Trump administration plans to ease export restrictions on the United Arab Emirates, clearing obstacles for its procurement of various advanced technologies, including commercial satellites and semiconductors used in artificial intelligence. In a notification to be released next week, the U.S. Department of Commerce stated that the UAE now meets the conditions for more lenient treatment under U.S. export control laws. The Department of Commerce also noted that the UAE supports the U.S. position in the war on Iraq. The easing of export restrictions will allow UAE companies to proceed with their planned procurement of advanced AI chips from Nvidia, AMD, and Cerebras Systems. This agreement, reached between the U.S. and the UAE more than a year ago, stipulates that these companies will supply thousands of processors to G42, a UAE-backed technology leader, for use in newly built AI data centers in the region.

According to the Russian Federal State Statistics Service, gasoline prices rose 6.8% in June, a significant acceleration compared to the 0.85% increase in May.

The Russian Federal State Statistics Service reported that the consumer price index rose 0.87% month-on-month in June (expected to rise 0.8%) and 6.02% year-on-year (expected to rise 6.0%).

Micron Technology (MU.O) shares continued to fall, recently down about 3%; SK Hynix's Nasdaq-listed shares have begun trading.

On July 10th, SK Hynix (SKHYV.O) opened at $170 per share, a 14% increase from its IPO price of $149, demonstrating continued strong investor interest in companies benefiting from the artificial intelligence boom. The stock price rose further within minutes of opening, last trading at $174. The company, trading under the temporary ticker symbol SKHYV, raised $26.51 billion through American Depositary Receipts (ADRs), making it the largest stock offering by a non-U.S. company in history.

July 10th - This afternoon, the signing ceremony for the cooperation agreement of the Zhiyuan-Lens Robotics intelligent production line project was held in Huizhou. Following discussions among Huiyang District, Zhiyuan Innovation, and Lens Robotics, Zhiyuan Innovation intends to entrust Lens Robotics with robot production. The project is planned to be located in the Huiyang Jushen Intelligent Industrial Park, initially focusing on the production of Zhiyuan's Lingxi X2 robot, with a planned annual production capacity of over 1,000 units, subsequently expanding to other Zhiyuan product lines.

The German DAX 30 index closed down 29.96 points, or 0.12%, at 25,074.16 on Friday, July 10; the UK FTSE 100 index closed up 25.68 points, or 0.25%, at 10,498.13 on Friday, July 10; and the French CAC 40 index closed up 12.35 points, or 0.15%, at 8,338.97 on Friday, July 10; European The Stoxx 50 index closed down 16.27 points, or 0.26%, at 6268.00 on Friday, July 10; the Spanish IBEX 35 index closed up 62.27 points, or 0.32%, at 19385.07 on Friday, July 10; and the Italian FTSE MIB index closed up 244.58 points, or 0.47%, at 52626.50 on Friday, July 10.

On July 10th, SK Group Chairman Chey Tae-won stated that SK Hynix is open to issuing additional US shares if returns are strong and the company's stock price remains stable. "This actually requires better returns," he said. "Once we have better returns, demand will naturally increase. Our priority is to maintain stock price stability and hope to have long-term upside potential." Chey also pledged to increase the company's investment in the US. He added, "We are now in the AI era, and the arrival of the AI era has actually greatly boosted the demand for memory chips." Currently, the three top memory chip manufacturers are accelerating investment to expand production capacity, competing to meet the surging market demand. SK Hynix and Samsung announced last week that they will invest a total of 800 trillion won to build new chip manufacturing plants; this move is part of a grand plan in South Korea to double the country's memory chip production capacity within five years.

According to Nikkei, Volkswagen is seeking to collaborate with Nissan to develop a large SUV in the United States.