Bank of Israel Governor Yaron said lower inflation expectations could accelerate rate cuts.

Microsoft (MSFT.O) said it will cut 6,400 jobs, roughly 2.8% of its workforce; about half of the reductions are tied to a restructuring of its Xbox gaming division. The company will sell five studios, including Compulsion and Double Fine.

China's pig market has staged a short-term rebound: the national average price for crossbred live hogs rose from 9.47 yuan/kg on June 26 to 11.06 yuan/kg on July 6, a 10-day consecutive gain of 1.59 yuan/kg (+16.8%), returning above 10 yuan/kg after roughly four months. Discounted prices for culled sows fell sharply. Authorities have again intensified calls to accelerate herd reduction. Market participants are debating whether the cycle has reached a 'super bottom' and the related investment opportunities. On July 6 the Shenwan Agriculture, Forestry, Animal Husbandry & Fishery index rose 2.57%; sector names were broadly higher — Juxing Agriculture hit the daily limit, New Hope +7.52%, Tianbang Foods +6.61%, with Wens and Muyuan also up.