Asian Stocks Rise as Oil Retreats on Iran Ceasefire Hopes Ahead of Key AI Earnings 
Asian Currencies Hold Steady as Fed Outlook Offsets Middle East Tensions 
KB Securities Explains Why KOSPI Is Falling Despite Strong Samsung, SK Hynix Earnings 
Gold Prices Slip Near $4,000 as U.S.-Iran Conflict Fuels Inflation Fears 
AI Chip Stocks Face Valuation Pressure as Investors Shift Toward Big Tech and Software 
Nikkei Plunges 5% as AI Stock Selloff Spreads Across Asia 
Wall Street Ends Lower as AI Selloff, Iran Tensions Weigh on Tech Stocks 
US Stock Futures Hold Steady as Tesla, Alphabet Earnings and Iran Conflict Dominate Market Focus 
Japan PM Sanae Takaichi Unveils Growth Plan as BOJ Independence Concerns Lift Bond Yields 
Malaysia Q2 Economy Grows 5.8%, Beating Forecasts on Strong Tech Exports and Domestic Demand 
Deutsche Bank Says Fed Balance Sheet Cuts Could Weaken US Dollar Instead of Boosting It 
Oil Prices Hold Steady as U.S.-Iran Conflict and Houthi Blockade Keep Markets on Edge 
ASEAN Ministers Warn Middle East Conflict Threatens Regional Stability and Energy Security 
The global leaders are more becoming more vocal about ending the dollar’s hegemony in the global financial markets and about ending the United States’ dominance in global politics. German foreign minister, Heiko Mass has laid out an elaborated strategy where the European Union replaces the United States as a main global force and where the U.S. becomes ‘midwife of a revived West’ in an article written in the German Daily, Handelsblatt.
In that piece, he lays out bold observations, “That the Atlantic has become politically broader, is not just Donald Trump. The US and Europe have drifted apart for years. The intersection of values and interests that shaped our relationship for two generations is declining. The binding force of the East-West conflict is history. These changes began well before Trump's election - and will likely outlive his presidency.”
In that strategy piece, he also called on Europe to pave way for a payment system that will be independent of the United States and calls for setting up European Monetary Fund and an independent swift system, “As Europeans, we have clearly told the Americans that we consider phasing out the nuclear deal with Iran a mistake. Meanwhile, first US sanctions are back in force. In this situation, it is of strategic importance that we clearly tell Washington: we want to work together. But we will not let you act on our heads over our heads. Therefore, it was right to protect European companies from legal sanctions. It is therefore essential that we strengthen European autonomy by setting up payment channels independent of the US, creating a European Monetary Fund and building an independent Swift system. The devil is in a thousand details. But every day the deal persists is better than the high-explosive crisis that otherwise threatens the Middle East.”
The Europeans are now more serious than ever about building up a more sovereign Europe without the influence of Washington as Trump assaults on NATO nonpayment, and goods trade deficit along with exit from international accords such as Paris climate change, Trans-Pacific Partnership, and JCPoA are costing a fortune.
