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> EURO EXTENDS FALL TO LOWEST SINCE JUNE 2025, LAST DOWN 0.3% AT $1.1391

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> CHINA'S FOREIGN MINISTER WANG YI, AT BRICS MEETING: BRICS SHOULD STRENGTHEN COOPERATION ON STRATEGIC MINERAL RESOURCES - XINHUA

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> *MELONI IS CONSIDERING CALLING ITALIAN ELECTION AS SOON AS APRIL

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> RUSSIA SEES THAT U.S. IS MOVING AWAY FROM AGREEMENTS REACHED BY PRESIDENTS DURING ALASKA SUMMIT LAST YEAR, RIA QUOTES DEPUTY FOREIGN MINISTER

U.S. IS DRIFTING TOWARDS ANTI-RUSSIAN POLICY OF THEIR EUROPEAN ALLIES, RIA QUOTES DEPUTY FOREIGN MINISTER

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> STIFEL RAISES 2026 YEAR-END TARGET FOR S&P 500 INDEX TO 7,800

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> TRUMP BACKS $17.5 BILLION NUCLEAR PUSH

THE TRUMP ADMINISTRATION IS OFFERING $17.5 BILLION IN LOW-COST LOANS TO SUPPORT CONSTRUCTION OF 10 NEW WESTINGHOUSE AP1000 NUCLEAR REACTORS ACROSS THE U.S.

OFFICIALS SAY THE PROGRAM COULD CUT DEVELOPMENT TIMELINES BY UP TO THREE YEARS AND HELP MEET RISING POWER DEMAND DRIVEN BY AI DATA CENTERS.

THE FIRST NEW REACTORS COULD BEGIN OPERATING AS EARLY AS 2035.

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> $SPCX - CATHIE WOOD BUYS SPACEX DIP

ARK INVEST BOUGHT MORE THAN 210,000 SPACEX SHARES WORTH AT LEAST $32 MILLION AFTER THE STOCK PLUNGED 16%.

THE PURCHASE ADDS TO ARK’S EXISTING POSITION FOLLOWING SPACEX’S IPO, WITH CATHIE WOOD VIEWING THE SELLOFF AS A BUYING OPPORTUNITY.

DESPITE THE RECENT DROP, SPACEX SHARES REMAIN ABOVE THEIR $135 IPO PRICE.

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> TRADERS BUY VOLATILITY HEDGES

INVESTORS ARE INCREASING BETS ON MARKET VOLATILITY, WITH DEMAND FOR VIX CALL OPTIONS REACHING ITS HIGHEST LEVEL THIS YEAR.

DESPITE EASING U.S.-IRAN TENSIONS AND STRONG EQUITY GAINS, TRADERS ARE CONCERNED THAT PERSISTENT INFLATION AND A HAWKISH FED COULD LEAD TO HIGHER INTEREST RATES.

WITH THE S&P 500 NEAR RECORD HIGHS, MANY INVESTORS ARE SEEKING PROTECTION AGAINST A POTENTIAL MARKET PULLBACK.

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> BARCLAYS RAISES 2026 YEAR-END TARGET FOR S&P 500 INDEX TO 7,800 FROM 7,650

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> BARCLAYS SETS 2027 TARGET FOR S&P 500 INDEX AT 8,800

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> ETHEREUM FOUNDATION ANNOUNCES REORGANISATION, CUTTING 20% OF ITS WORKFORCE — LINK

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> THE ETHEREUM FOUNDATION ANNOUNCES CUTTING 20% OF ITS WORKFORCE

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> IRAN'S STATE MEDIA SAYS WESTERN PART OF COUNTRY'S AIRSPACE IS NOW OPEN

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> $SPCX - SPACEX SHARES DOWN 2.7% AFTER ABOUT 23% SLIDE IN PAST THREE SESSIONS

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> PUTIN TELLS GOVERNMENT MEETING: UKRAINE IS HITTING OUR CIVILIAN FACILITIES AS IT IS LOSING TERRITORY

PUTIN: UKRAINE IS TRYING TO CREATE FOR RUSSIA PROBLEMS WITH ENERGY

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> *SPACEX FALLS 3.9% TO DROP BELOW TRADING DEBUT’S OPEN PRICE

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> SEMICONDUCTOR STOCKS SLIDE SHARPLY

A BROAD CHIP-SECTOR SELLOFF HIT SEMICONDUCTOR STOCKS AND ETFS:

• $NVDA -3.7%
• $AMD -7.5%
• $MU -11.7%
• $AVGO -2.8%
• $INTC -9.0%
• $ARM -8.5%
• $MCHP -5.4%
• $AMAT -9.7%
• $KLAC -8.5%
• $MRVL -9.2%
• $QCOM -6.9%
SEMICONDUCTOR ETFS ALSO FELL:
• $SOXX -6.9%
• $SMH -6.2%
• $MEMY -13.5%

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> US HOSTS ISRAEL-LEBANON TALKS

U.S.-MEDIATED TALKS BETWEEN ISRAEL AND LEBANON HAVE BEGUN IN WASHINGTON, D.C.

NEGOTIATIONS WILL TAKE PLACE ON BOTH DIPLOMATIC AND MILITARY TRACKS, STARTING WITH A JOINT SESSION FOLLOWED BY SEPARATE MILITARY AND POLITICAL MEETINGS.

THE TALKS ARE SCHEDULED TO CONTINUE THROUGH THURSDAY.

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> LEBANESE PRESIDENT AOUN SAYS WILL ACCEPT NOTHING LESS THAN END OF 'ISRAELI OCCUPATION' OF SOUTHERN LEBANON

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> GOLD TESTS KEY SUPPORT LEVEL

GOLD FUTURES FELL TO AROUND $4,126/OZ, DOWN 23% FROM JANUARY'S RECORD HIGH AND APPROACHING THE $4,000 LEVEL.

RISING BOND YIELDS AND EXPECTATIONS FOR HIGHER INTEREST RATES CONTINUE TO PRESSURE PRICES.

ANALYSTS SAY A STABILIZATION NEAR CURRENT LEVELS COULD HELP ESTABLISH A MARKET BOTTOM AFTER MONTHS OF HEAVY SELLING.

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> U.S. S&P GLOBAL JUNE FLASH COMPOSITE PMI AT 52.2 (VS 51.5 IN MAY)

U.S. S&P GLOBAL JUNE FLASH SERVICES PMI AT 51.3 (FORECAST 51.0)

U.S. S&P GLOBAL JUNE FLASH MANUFACTURING PMI AT 55.7 (FORECAST 54.8)

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