SAMSUNG, SK COMBINED INVESTMENT MAY REACH 2,000T WON OVER 10 YEARS - DAILY
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LEBANESE PARLIAMENT SPEAKER NABIH BERRI DECLARES U.S.-BACKED ACCORD WITH ISRAEL UNACCEPTABLE IN ITS CURRENT FORM
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UK TO REPLACE TYPE 83 DESTROYER AND TYPE 32 FRIGATE PLANS WITH AT LEAST SIX HYBRID COMMON COMBAT VESSELS ENGINEERED TO DEPLOY AERIAL AND UNDERWATER DRONES; REFLECTING A SHIFT TOWARD AUTONOMOUS WARFARE WITH NEW SHIPS ANTICIPATED TO ENTER SERVICE IN EARLY 2030S - FT
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GLOBAL MARKET WRAP

• U.S. STOCK FUTURES ROSE AFTER REPORTS THE U.S. AND IRAN AGREED TO HALT STRIKES AND RESUME PEACE TALKS IN QATAR

• HOPES FOR A LASTING CEASEFIRE AND AI OPTIMISM HAVE GLOBAL STOCKS ON TRACK FOR THEIR BEST QUARTER SINCE 2020

• BRENT CRUDE ERASED SOME EARLY GAINS AS GEOPOLITICAL TENSIONS EASED

• INVESTORS REMAIN FOCUSED ON AI VALUATIONS, INFLATION RISKS, AND RISING GOVERNMENT DEBT

• THE BIS WARNED AN AI BUST, PERSISTENT INFLATION, AND FISCAL STRESS ARE KEY RISKS TO THE GLOBAL ECONOMY

• MARKETS ARE AWAITING FED CHAIR KEVIN WARSH'S COMMENTS AT THE SINTRA CENTRAL BANK FORUM AND THIS WEEK'S U.S. JOBS REPORT

• TRADERS CONTINUE TO WATCH WHETHER A STRONG LABOR MARKET COULD LEAD TO A FED RATE HIKE AS EARLY AS SEPTEMBER
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KAROON ENERGY REVISES 2026 TOTAL CAPEX TO $178-202 MLN; BAÚNA $89-97 MLN, WHO DAT $72-85 MLN, NEON $14-16 MLN; ANTICIPATES LOWER SUSTAINING CAPITAL REQUIREMENTS AT BAÚNA, ANNUALISED OPERATING COST SAVINGS OF $30-40 MLN POST FPSO TRANSITION, AND SPS-92 WELL RESTORED
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TECHNICAL DELIBERATIONS WITH IRAN SLATED TO CONTINUE ON ALL AREAS OF MEMORANDUM OF UNDERSTANDING; BOTH SIDES TO STAND DOWN AND VESSELS TO MOVE FREELY - U.S. OFFICIAL
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OIL ROSE AFTER REPORTS THAT THE U.S. AND IRAN AGREED TO HALT MILITARY STRIKES AND RESUME TALKS IN DOHA, EASING IMMEDIATE SUPPLY CONCERNS, THOUGH TRADERS REMAIN WATCHFUL FOR ANY FURTHER DISRUPTION TO SHIPPING THROUGH THE STRAIT OF HORMUZ.
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ATLAS ARTERIA GROUP: U.S. COURT DISMISSES 2024 DULLES GREENWAY RATE CASE FEDERAL LITIGATION; TRIP II DELIBERATING WHETHER TO APPEAL RULING; LEGISLATIVE REFORMS PERMIT UP TO TWO-YEAR TOLL APPLICATIONS AND DEFINED SCC TIMELINES
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RBA'S KENT SAID THE CENTRAL BANK WOULD CONSIDER RESPONDING MORE DECISIVELY TO DISINFLATION IN THE FUTURE, INCLUDING USING POLICY TOOLS EARLIER AND FRONT-LOADING SUPPORT, WHILE SIGNALING LESS TOLERANCE FOR INFLATION FALLING BELOW ITS TARGET.
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RBA'S KENT: FORWARD GUIDANCE WITH A STRONG POLICY COMMITMENT IS DIFFICULT TO IMPLEMENT, PARTICULARLY IN AN UNCERTAIN ECONOMIC ENVIRONMENT.
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RBA'S KENT: THE IMPACT OF QUANTITATIVE EASING (QE) IN AUSTRALIA WAS LIKELY WEAKER THAN IN MANY OTHER ECONOMIES.
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BENCHMARK 10-YEAR JGB FUTURES DECLINE 0.24 POINT IN INITIAL TRADING
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JAPAN'S NIKKEI AVERAGE FUTURES ADVANCE 0.63% IN INITIAL TRADING
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Japan's 20-year JGB yield advanced by 4 basis points to 3.550%.
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Australia's benchmark ASX 200 advanced 0.4% to 8,795.50 points in early market action.
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Southeast Asians scale back spending as Iran war spillover persists-NA
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Oil rises as renewed U.S.-Iran strikes reignite Middle East supply fears-CNBC
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Asia-Pacific equities traded mixed amid month-end portfolio rebalancing.
Investors assessed reports of a US-Iran ceasefire and upcoming diplomatic talks.

Improved geopolitical sentiment supported some regional markets.
Caution prevailed as investors awaited further economic and political clarity.
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The yield on Japan's 10-year JGB rose 3.5 bps to 2.630%.
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US OFFICIALS: KINETIC ACTIVITY HAS CEASED; VESSELS CAN TRANSIT FREELY THROUGH STRAIT; SHIPPERS REMAIN SKEPTICAL OF U.S. SAFETY ASSURANCES - AXIOS
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AUSTRALIA'S ACCC SAID THE PARTIAL RESTORATION OF THE FUEL EXCISE COULD PUSH RETAIL PETROL AND DIESEL PRICES HIGHER FROM JULY, AS IT MONITORS FUEL PRICING AND MARKET CONDUCT.

THE FUEL EXCISE DISCOUNT WILL BE REDUCED FROM 32 AU CENTS TO 16 AU CENTS PER LITRE BETWEEN JULY 1 AND AUGUST 2, WITH THE ACCC SET TO TRACK RETAIL PRICES DURING THE TRANSITION.
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