👇👇👇⚠️

🇪🇬 Egypt's current account deficit more than doubled to $5.1 billion in Q1, driven by a wider trade gap.


💪 @FinancialWorldUpdates

📊 Key Events This Week:

1. Markets React to Strait of Hormuz Closure - Today, 6 PM ET

2. June CPI Inflation data - Tuesday

3. June PPI Inflation data - Wednesday

4. June Retail Sales data - Thursday

5. July Philly Fed Manufacturing Index - Thursday

6. July MI Inflation Expectations data - Friday

7. July MI Consumer Sentiment data - Friday

8. ~10% of S&P 500 Companies Report Earnings

We have a highly eventful week ahead of us.


💪 @FinancialWorldUpdates

👇👇👇⚠️

AI: OpenAI, Meta, and SpaceXAI are racing to cut AI costs with more efficient models, putting pressure on rivals like Anthropic.


💪 @FinancialWorldUpdates

🐈 Only 6 ships crossed the Strait of Hormuz in the past 24 hours.


💪 @FinancialWorldUpdates

👇👇👇⚠️

🇺🇸 US Dollar’s share of global reserves has dropped to a 21st-century low.


💪@FinancialWorldUpdates

🚨🚨🚨🚨🚨

SK Hynix crashes -15.4% in its biggest drop in history.


💪 @FinancialWorldUpdates

👇👇👇⚠️

Over $950 BILLION wiped out from Asian stock markets following US-Iran strikes.

🇰🇷 South Korea's KOSPI is down -9.2%, wiping out ₩561,200,000,000,000 ($377 BILLION)

🇯🇵 Japan's NIKKEI is down -2.7%, wiping out ¥38,610,000,000,000 ($236 BILLION)

🇨🇳 China's SSE is down -2.3%, wiping out ¥1,430,000,000,000 ($210 BILLION)

🇹🇼 Taiwan's stock market is down -3.1%, wiping out NT$3,813,000,000,000 ($127 BILLION)

🇮🇳 India's NIFTY is down -0.3%, wiping out ₹1,260,000,000,000 ($14.7 BILLION).

💪 @FinancialWorldUpdates

⚠️⚠️⚠️⚠️

EU, UK hit Russia with joint sanctions over cyber attacks.


💪 @FinancialWorldUpdates

🐈 US Earnings Season Kicks Off This Week

This week starts the US earnings season.
The largest banks report Tuesday: Goldman, Citi, Wells Fargo, JPMorgan, and BofA.
On Wednesday, Morgan, BlackRock, and BNY follow.


💪 @FinancialWorldUpdates

⚠️⚠️⚠️⚠️

🇬🇧 UK to provide over £250 million to help police protect Jewish communities due to rising antisemitic attacks.


💪 @FinancialWorldUpdates

👇👇👇⚠️

📊 TSMC, the world’s largest contract chipmaker, reports 68% surge in June revenue, per CNBC.


💪 @FinancialWorldUpdates

⚠️⚠️⚠️⚠️

🇨🇳 China demands the Strait of Hormuz remain open and safe for all commercial vessels.


💪 @FinancialWorldUpdates

⚠️⚠️⚠️⚠️

Trump says: we're taking over the Strait of Hormuz.

Brent crude oil prices extend gains to rise above $79/barrel.



💪 @FinancialWorldUpdates

⚠️⚠️⚠️⚠️

Hyundai completed a cross-border treasury pilot using Tether's USDT on Avalanche, reducing settlement times from hours to an average of 7 minutes.


💪 @FinancialWorldUpdates

👇👇👇⚠️

Crypto prediction platform Polymarket officially launches combo trading.


💪 @FinancialWorldUpdates

👇👇👇⚠️

🇺🇸 US home prices hit an all-time high.


💪 @FinancialWorldUpdates