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July 7th - According to the Jerusalem Post, US President Trump stated on Monday that US-Iran negotiations are close to reaching an agreement, but if the negotiations fail, the US will "finish the job." He claimed that the US has the capability to destroy all of Iran's key infrastructure, including its power grids, power plants, and bridges, "in less than an afternoon," but prefers to resolve the issue through an agreement to avoid impacting Iran's 91 million people. He reiterated that Iran must not possess nuclear weapons, and that the US will acquire Iran's enriched nuclear materials, emphasizing that the goal is not regime change. Trump also claimed that the US military has destroyed all 159 Iranian ships, all military aircraft, and radar systems. Regarding oil prices, President Trump stated, "Oil prices are currently lower than before the war (in terms of per barrel). The US military secretly escorted oil tankers through the Strait of Hormuz during its blockade, successfully maintaining global crude oil supply and preventing oil prices from soaring to $300 to $350 per barrel."

FIFA's Appeals Board has dismissed Belgium's appeal against a one-year ban for Fularin Balogun. The appeal was denied because Belgium was not a party to the proceedings and therefore had no right to appeal the decision.

French presidential palace: Macron will call on Syria to play a role in "easing tensions in the Middle East".

French presidential palace: Macron's visit to Syria will include discussions on reconstruction.

The Dutch Defense Minister announced that the Netherlands will announce defense procurement agreements and joint projects totaling over €3 billion at the NATO forum on Tuesday. An air defense partnership with Belgium and a naval ship cooperation project with the United Kingdom will also be announced at the event.

Nvidia (NVDA.O) shares rose to an intraday high, currently up 1.26%.

Federal Reserve Governor Waller: Setting a precise inflation target is too stringent.

Federal Reserve Governor Waller: I would prefer to set the inflation target as a range, but adjusting the inflation target at this stage would undermine the credibility of the Federal Reserve.

Federal Reserve Governor Waller: I think Federal Reserve Chairman Warsh was reiterating his commitment to the 2% target.

Federal Reserve Governor Waller: It is reasonable to consider setting an inflation target range.

Nvidia (NVDA.O): (In response to reports of "product delays") Our product roadmap has not been affected.

Federal Reserve Governor Waller: If the Fed’s response mechanism is not clear enough, policymakers need to discuss it.

ECB Governing Council member Winsch: Wage growth appears to be quite moderate.

ECB Governing Council member Winsch: Perhaps we must do more, but the situation does not warrant a significant tightening of policy. Further action cannot be ruled out, but we should not wait too long.

Federal Reserve Governor Waller: The labor market appears to be stabilizing.

Federal Reserve Governor Waller: The risks have shifted to inflation.

Federal Reserve Governor Waller: Federal Reserve policymakers have remained committed to the 2% inflation target, which is a credible commitment.

On Monday, July 6, the German DAX 30 index closed up 20.66 points, or 0.08%, at 25,818.14; the UK FTSE 100 index closed down 30.32 points, or 0.28%, at 10,648.71; the French CAC 40 index closed down 28.20 points, or 0.33%, at 8,479.87; the Euro Stoxx 50 index closed down 16.68 points, or 0.26%, at 6,396.00; the Spanish IBEX 35 index closed down 179.43 points, or 0.90%, at 19,674.87; and the Italian FTSE MIB index closed up 136.65 points, or 0.26%, at 52,955.50.