Several NATO diplomats said member states are preparing a new €70 billion military support package for Ukraine, expected to be unveiled at the NATO summit in July. Proposed by Germany, the plan would establish a new mechanism to boost transparency of member contributions and rebalance burden-sharing. A Kiel Institute report said European countries’ monthly military aid averaged €2.0 bln in Jan–Apr this year, below €2.4 bln per month in the same period of 2025, and that the US provided no militar

Optimism in South Korean equities is cooling, prompting institutional investors to trim positions and buy protection. Hedge fund Golden Horse has cut risk exposure and increased derivatives hedges; Prudential reduced stakes in storage-chip and wafer-foundry names and shifted toward downstream AI supply‑chain exposure. Options flow shows investors buying puts on the iShares MSCI Korea ETF; the ETF fell 14% in US trading last Friday. Golden Horse managing partner Yi Ling Ong said, “In recent weeks we’ve modestly trimmed overall positions and layered on derivatives hedges,” and added that several large IPOs this month, including SpaceX, are expected to prompt institutions to raise cash, so “holding some cash is prudent.”

OPEC says seven countries will reconvene on July 5.