Wall Street Ends Mixed as Tech Stocks Struggle Ahead of Micron Earnings 
Bessent Says U.S. Must Strengthen Supply Chains and Economic Security 
South Korea Remains MSCI Emerging Market Despite Reform Progress 
Yen Near 40-Year Low as USD/JPY Approaches Key 162 Level, Raising Intervention Concerns 
Japan Manufacturing Growth Accelerates in June as Orders Surge Despite Iran War Cost Pressures 
BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks 
Asian Stocks Slip as Oil Rebounds Amid Fed Rate Hike Fears 
Trump Requests $11 Billion More in Farm Aid as Rising Costs Pressure U.S. Farmers 
Wall Street Slides as AI Stocks Tumble Following South Korea Tech Sell-Off 
The German bunds jumped during European trading session Friday despite a higher-than-expected rise in the eurozone’s retail sales for the month of June, released today.
The German 10-year bond yields, which move inversely to its price, slumped 3-1/2 basis points to -0.486 percent, the yield on 30-year note plunged 6-1/2 basis points to 0.022 percent while the yield on short-term 2-year traded 1-1/2 basis points down at -0.785 percent by 09:40GMT.
In June, compared with May, the seasonally adjusted volume of retail trade increased by 1.1 percent in the euro area (EA19) and by 1.2 percent in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In May, the retail trade volume decreased by 0.6 percent in the euro area and by 0.7 percent in the EU28.
Further, the calendar adjusted retail sales index increased by 2.6 percent y/y in the euro area and by 2.8 percent y/y in the EU28.
Meanwhile, the German DAX plunged over 2.50 percent to 11,945.54 by 09:45GMT.
