Sources said Russia's Black Sea port of Novorossiysk, which halted crude loadings after a drone strike last Friday, resumed loading operations on Sunday.

Hoisington data show the Fed's Treasury holdings rose about $290bn from December 2025 to end-June 2026, a seven-month increase approaching the roughly $320bn seen during the pandemic; total holdings are at a record high. The rise partly reflects reserve-management purchases to keep reserves ample and partly reinvestment of maturing MBS principal — the latter reshapes asset mix rather than equivalently expanding the balance sheet. The NY Fed began reserve-management purchases at $40bn/month and trimmed them to $10bn/month by summer. NY Fed research concludes these buys have raised demand for short-term debt, eased repo-market stress and marginally lowered short-end funding costs, but are far smaller than 2020 QE, when the Fed bought nearly $2trn of medium- and long-term Treasuries. The flow indicates only that runoff has ended and the Fed is again a material buyer of short-dated debt; it does not constitute QE or yield-curve control.

South African regulators plan to require central clearing for OTC derivatives, aiming to complete new rules within two years and for final rules to take effect before 2028, the South African Reserve Bank said. The reform, intended to boost transparency and reduce risk, hinges on central counterparties obtaining licences and becoming operational. The Prudential Authority and the Financial Sector Conduct Authority closed a consultation on June 5 on eligibility criteria for central clearing; they propose ZAR‑denominated interest rate swaps and forward rate agreements as the first mandatory‑clearing products, with other contracts phased in based on industry feedback and market Data Talk. SARB data show over R150 trillion of rand‑linked OTC derivatives notional traded domestically and offshore (about US$9.3tn).