⚠️🇺🇸 Oracle's 5-year CDS (credit default swap) has reached a record high, raising concerns over the company's aggressive spending and the profitability of its AI investments. This comes amid the release of the new Chinese AI model, Kimi K3, from Moonshot AI, which poses competition to leading U.S. AI firms at a lower cost. Last week, S&P Global Ratings downgraded Oracle to BBB-, just one notch above junk status. Additionally, 5-year CDS for major U.S. tech giants like Amazon, Google, Apple, and Microsoft are nearing historical highs.

🌍 Key Events This Week:

In the United States, the corporate earnings season continues.

On Monday, July 20, Japan will have no trading. Andy Burnham is set to become the new UK Prime Minister. China will announce the LPR at 04:15 Moscow time, followed by Canada's CPI at 15:30 and the US Leading Economic Index at 17:00.

Tuesday sees New Zealand's CPI, UK unemployment, and ZEW Economic Sentiment data from both the Eurozone and Germany. The US ADP Employment figures will be released at 15:15.

Wednesday features UK's CPI and US EIA oil inventories.

Thursday includes a review of the EU's price cap on Russian oil and several economic indicators from the US and Eurozone.

Finally, on Friday, major PMI data will be released from multiple countries, including Australia, Japan, and Germany.

🚨 In New York City, the first fatalities linked to an outbreak of "explosive diarrhea" have been reported, according to NYP. The alarming situation has raised concerns among health officials as they work to identify the source of the outbreak and prevent further cases. Authorities urge residents to remain vigilant and report any unusual symptoms.

🚀 Nearly 2,000 institutional investors reported holding positions in BTC as of Q1 2026, according to recent disclosures. The adoption among institutions continues to grow despite a challenging market environment. While many are currently facing losses, they remain optimistic, anticipating a significant rally in the near future.

⚠️🇮🇷 Washington has decided to deploy additional refueling aircraft to Israeli bases, according to the New York Times. Israeli intelligence believes that Iran's Supreme Leader, Mojtaba Khamenei, will issue an order for an attack on Israel, as reported by Israeli media.

🏆⚽️🇪🇸 Spain has won the 2026 FIFA World Cup.

📬 Today’s Calendar - July 20, 2026

Japan has no trading today. Andy Burnham is set to become the new Prime Minister of Britain. In China, the LPR (Loan Prime Rate) will be announced at 04:15 MSK. Canada will release its consumer inflation (CPI) for June at 15:30 MSK, while the U.S. will report the leading economic indicators for June at 17:00 MSK.

Upcoming earnings reports include:
Russia’s Severstal at 1 PM, Ireland’s Ryanair at 9 AM, U.S. Domino’s Pizza at 1:05 PM, AMC Entertainment at 2:40 PM, and Steel Dynamics at 11:30 PM.

.

🌎 The current foreign exchange rates show that the US Dollar is trading at 6.77 against the Chinese Yuan (USDCNY) and at 81.9 against the Russian Ruble (USDTRUB).

🚨 The People's Republic of China has maintained its key interest rates for the 14th consecutive month. The 1-Year Loan Prime Rate (LPR) stands at 3%, with no changes expected from previous rates. Similarly, the 5-Year LPR remains at 3.50%, consistent with earlier forecasts. This stability in monetary policy reflects the government's approach to economic management during uncertain times.

⚠️🇮🇷 The U.S. has conducted airstrikes on Iran for the ninth consecutive night, with Iran retaliating by targeting U.S. assets in the region. An important statement from the Houthis is expected today. Meanwhile, oil prices continue to rise, with Brent exceeding $90. The U.S. is on the brink of a full-scale military conflict with Iran following recent incidents resulting in the deaths of American troops in Jordan and Iraq. — WAPO

❗️🇷🇺🇺🇸 Russia recently held a business conversation with the United States regarding global development after 2030. American officials acknowledged the existence of issues that have an "extraterritorial nature," according to Boris Titov, the special representative of the President of the Russian Federation, as reported by TASS.

🇪🇺 Countries in the EU are increasingly reluctant to support sanctions against Russia due to potential consequences for their businesses, according to the Financial Times. Meanwhile, Merz stated that Germany continues to face an energy crisis stemming from the cessation of Russian gas supplies during an interview with ZDF.

⚠️🇺🇸🇷🇺 Trump has called for including Iran in the sanctions bill against Russia. Meanwhile, Rubio expressed his willingness to meet with Lavrov at the ASEAN summit.

🛢🇺🇸 Rubio stated that countries need to pay for the protection the U.S. provides in Hormuz.

🛢🇬🇧 New UK Prime Minister Andy Burnham has announced plans to increase oil production in the North Sea. Former President Donald Trump has backed the initiative, claiming it could transform the Kingdom from a "poor disaster" into one of the wealthiest nations in the world. Trump also stated that the North Sea has enough oil reserves to last for hundreds of years, with much of it still undiscovered.

🚨 In Germany, initiatives to restore communication channels with Russia have intensified amid discussions about potential EU involvement in negotiations to resolve the Ukrainian conflict, according to The Times.

🚀 A new test flight of Starship is scheduled for July 23, according to SpaceX. Previously, CNBC reported that short-sellers have increased their positions in SpaceX stocks to one-third of the total free float. The outcome of the Starship launch, whether successful or not, could lead to heightened volatility in the company's shares.

🇮🇷 Trump has once again claimed victory over Iran. In response, Iran has stated it is prepared to shift from a defensive stance to an offensive one.

⚠️🇷🇺 The IMOEX aims to undermine the fragile weekend growth. Investors are on edge as the market faces uncertainty. For more details, visit this link.

⚠️🇷🇺 The Central Bank of Russia is expected to raise its inflation forecast for 2026 to 6–7.5% during its meeting on July 24, while maintaining the key interest rate at 14.25%. This information was reported by Izvestia. Major banks are also increasing interest rates on short-term deposits, according to Kommersant.