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ECB Governing Council member Mollan: What happened in the Strait of Hormuz is good news for the world.

2026-07-03

ECB Governing Council member Mollan: What happened in the Strait of Hormuz is good news for the world.

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2026-07-03

German Chancellor Merz: (Regarding Trump's remarks) will raise the issue of Germany and Europe increasing their contributions to NATO at next week's NATO summit.

German Chancellor Merz: (Regarding Trump's remarks) will raise the issue of Germany and Europe increasing their contributions to NATO at next week's NATO summit.
2026-07-03

China International Capital Co says markets have entered a corrective phase since June: the dollar index broke above its one-year upper range while AI-driven global equity benchmarks and liquidity-sensitive indices have pulled back; US equities show

China International Capital Co says markets have entered a corrective phase since June: the dollar index broke above its one-year upper range while AI-driven global equity benchmarks and liquidity-sensitive indices have pulled back; US equities show a defensive-style bias. The report attributes the moves mainly to rising rate-hike expectations and marginal tightening in dollar liquidity. It reiterates the view that the Fed will be nominally hawkish but effectively dovish this year; policy implementation this year is more likely to focus on easing bank regulation to support the investment cycle and buy time for AI-driven productivity gains. After this round of adjustment markets may rotate into lagged-curve trades; the dollar index could revert to a weaker trading range. Real assets, industrials and technology retain expansion potential, and investors should watch banking deregulation for its potential to lift traditional cyclicals.
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