Fed's Hammack said the labor market is near full employment and the growth outlook is favorable. Inflation remains too high, and the Fed may need to consider raising rates.

Jiangsu Securities Regulatory Bureau said it found Donghai Futures Co., Ltd. failed to effectively prevent and control risks and did not properly perform active management duties in the operation of certain asset-management plans. The bureau has imposed a supervisory talk, recorded the measure in the securities and futures market integrity file, and ordered the firm’s principal to appear with ID at the Jiangsu bureau on July 20, 2026 for the supervisory meeting.

Preliminary vessel-tracking from Kpler and Vortexa shows the UAE lifted June crude and condensate exports to record levels shortly after leaving OPEC. Kpler senior oil analyst Rauball said June exports averaged about 3.7 mln b/d, a record and well above the 3.1–3.3 mln b/d seen before the Middle East conflict. The UAE’s prior export peak was 3.44 mln b/d in April 2020 during the Saudi-Russia price war. Vortexa senior analyst Emma Li said Abu Dhabi loadings from June 1–29 reached roughly 4.0 mln b/d, above the pre-conflict 3.4 mln b/d level; exports rose to a 3.7 mln b/d high versus about 3.3 mln b/d in the first two months of this year.