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Iranian Parliament Speaker Ghalibaf: Even when negotiating with the United States, Iran is not negotiating with a "friend," but with an "untrustworthy adversary" who will take action against Iran at the first opportunity.
Iranian Parliament Speaker Qalibaf: Television media emphasized that there was no problem with the attack on Lebanon, but they should also explain the situation of the previous war and that Iran has paid the price of more than 4,000 martyrs.
Iranian Parliament Speaker Ghalibaf: The agreement is "a failed document between the United States and Israel".
Iraqi Prime Minister: We will not accept instructions from abroad, whether from the East or the West.
As of the 2:30 closing bell, the main Shanghai gold futures contract rose 0.80% to 882 yuan/gram, the main Shanghai silver futures contract rose 3.43% to 14,578 yuan/kilogram, and the main SC crude oil futures contract fell 1.17% to 457 yuan/barrel.
July 1st - European Central Bank (ECB) Governing Council member Dorenz stated that if the situation in the Middle East does not escalate further during the next policy meeting, the ECB may maintain interest rates unchanged at its next meeting. Speaking at the Sintra Forum on Tuesday, he said that pausing rate hikes would be reasonable if energy prices stabilize, commodity volatility does not spread, and a second wave of effects does not materialize. "If oil and gas prices remain low, there is no need to rush into further tightening," he said. "Based on the current data, a wait-and-see approach before September may be appropriate." With several weeks until the next policy meeting, markets remain volatile, and Dorenz warned that the situation could change at any time, and geopolitical risks have not completely subsided. "Hostility has resurfaced in recent days," he said. "While all parties hope for a lasting reconciliation, the conflict is unlikely to be resolved in the short term, and uncertainty remains high."
The Colombian Central Bank's interest rate decision was supported by a majority of its seven board members.
Market news: Republican hardliners are blocking the House of Representatives' efforts to advance a defense policy bill in protest against Trump's legislative proposals regarding voter identity verification.
ECB Governing Council member Dorenz: Based on current data, it may be appropriate for the ECB to pause interest rate hikes in July.
ECB Governing Council member Dorenz: If energy prices remain low, there is no urgency to raise interest rates.
ECB Governing Council member Dorenz: Uncertainty remains high in the Middle East.
ECB Governing Council member Dorenz: The situation could change rapidly before the next meeting.
According to tanker tracking agencies, data shows that Iran's exports in June totaled approximately 1.66 million barrels per day, bringing the cumulative total to about 50 million barrels since sanctions were eased. The agencies point out that exports from most countries in the region have not yet recovered to pre-war levels.
According to tanker tracking agencies, Iran has exported approximately 50 million barrels of oil since the easing of US sanctions.
July 1st - Six sources revealed that the European Central Bank (ECB) is considering doubling the required reserve ratio for banks to hold in interest-free accounts. This move would reduce the central bank's own interest expenses and mitigate the side effects of its anti-inflationary measures. The sources said the potential increase is being discussed among ECB policymakers, with a proposed minimum reserve requirement to be raised from 1% to 2% of bank customer deposits and other funding sources. This would help central banks in cash-rich countries like Germany reduce losses from paying interest on bank deposits exceeding legal requirements. Over the past decade, these excess deposits have grown to trillions of euros through bond-buying stimulus programs. This move would also absorb some excess liquidity and advance the ECB's efforts to guide banks away from free cash, an issue that will be reconsidered in this year's so-called framework review. The sources said a decision on the potential measure is expected before autumn. It is understood that internal discussions within the ECB are still in their early stages, and the Governing Council has not yet formally discussed the matter.
July 1st - A survey reveals that global central banks are accelerating adjustments to their foreign exchange reserve structures as US political and geopolitical risks rise. A survey of 74 central banks by the Official Monetary and Financial Institutions Forum (OMFIF) in London shows that for the first time, "the number of central banks planning to reduce their dollar holdings over the next decade exceeds those planning to increase them," reflecting a decline in the dollar's attractiveness. The report points out that geopolitical factors have become one of the main reasons influencing the willingness to invest in the dollar, coupled with rising uncertainty in US trade policy, driving a global trend of "de-dollarization." Despite this, the dollar still accounts for approximately 58% of global central bank reserves and will maintain its dominant position in the short term. Meanwhile, central bank demand for gold has increased significantly, with a record proportion of surveyed institutions planning to increase their gold holdings to hedge against geopolitical risks and financial system instability. Furthermore, the euro and the renminbi are also gaining attractiveness, receiving more attention in international trade and diversification, respectively, while some emerging market currencies are also favored. Overall, the global reserve system is showing a slow trend of diversification; the dollar's dominance remains, but its marginal advantage is declining.
The Federal Reserve accepted a total of $26.9 billion from 10 counterparties in its fixed-rate reverse repurchase operations.
Sources at the European Central Bank: Policymakers are discussing raising the minimum reserve requirement ratio for banks from 1% to 2%.
European Central Bank sources say a decision on minimum reserve requirements is expected in the fall.
MetaPlatforms (META.O): Discord is now available for free on the Meta Horizon Store. Discord has officially launched on Meta Quest. Quest users who download the app between June 30th and September 30th will receive a free one-month Discord Nitro membership.
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