News

Syrian Presidential Palace: A delegation of French investors will accompany French President Macron on his visit to Syria.

Israeli Prime Minister Netanyahu: US President Trump did not ask Israel to stop operations against Hezbollah tunnels.

Market news: Germany plans to increase net new borrowing in 2027 to 118 billion euros, an increase of about 7% from April expectations.

Market news: Iraq signed an agreement and statement with U.S. oil services giant Halliburton to manage two oil fields.

OPEC+: Seven member countries decided to implement a production adjustment of 188,000 barrels per day.

OPEC+: The next meeting will be held on August 2, 2026.

OPEC+: Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman adjust output and reiterate their commitment to market stability.

The statement showed that OPEC+ will increase oil production quotas by 188,000 barrels per day in August.

Craig Shapiro, senior macro strategist and cross-asset trader at Ninja Trader Live: Federal Reserve Chairman Warsh did not reveal much information this week, but he seems quite optimistic about economic growth, mainly due to positive factors in the AI ​​field. Taking into account the decline in oil prices and the resulting lower inflation breakeven point, while I think the threshold for raising interest rates may be higher than the market thinks, the threshold for cutting interest rates is actually much higher than the market thinks. Given Warsh's positive assessment of economic growth,for the Fed to actually cut interest rates, A significant deterioration in the labor market may be required. This is even more important as he also hinted that the balance sheet reduction may take longer. Of course, a single labor data point is not enough to constitute a trend, but if evidence starts to mount that the labor market is slowing, and at the same time the timeline for the Fed to provide policy easing is stretched (especially with inflation remaining high), then I suspect this will create an environment unfavorable for risk assets. In this environment, it will become increasingly difficult to rotate from AI concept stocks to riskier cyclical stocks or small-cap stocks, etc. Investors may just lean toward defensive sectors and perhaps gold.

British Maritime Transport Agency: Received a report of an incident 30 nautical miles southwest of Hodeidah, Yemen. A cargo ship has triggered a distress alert, saying it was being attacked by unknown armed assailants.

OPEC+ source: OPEC+ has agreed in principle to increase its oil production target by 188,000 barrels per day starting in August.

According to the British "Financial Times": Uber has no longer plans to launch services in 5 of the 7 countries it originally planned to expand this year, including Austria, Norway and Greece.

US President Trump: We will never let the United States decline.

According to the annual military cooperation plan, the Chinese and Russian militaries will hold the "Maritime Joint-2026" joint exercise in Qingdao, China and nearby sea and airspace. The Russian fleet participating in the exercise arrived at a military port in Qingdao on the 5th, and the troops from both parties participating in the exercise were assembled.

Trump said he had arrived at the National Mall in Washington to attend a celebration honoring the United States.

US President Trump: is expected to deliver a speech at the 250th anniversary commemoration of the United States at 11 p.m.

US President Trump: Will give a speech no matter what.

US President Trump: We will wait out this storm and never let a rain interrupt the 250th anniversary commemoration.

According to Politico: Paul Pelosi, the husband of former U.S. House Speaker Nancy Pelosi, crashed into a parked vehicle in Napa County, California, and faces hit-and-run charges.

Kremlin: Putin invited Trump to visit Russia during phone call.