US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
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The S&P 500 and Nasdaq Composite closed at record highs on Thursday, driven by strong U.S. retail sales data and upbeat corporate earnings. The Nasdaq rose 153.78 points (0.74%) to 20,884.27, marking its sixth record close in seven sessions. The S&P 500 gained 33.66 points (0.54%) to 6,297.36, while the Dow Jones climbed 229.71 points (0.52%) to 44,484.49.
Investors embraced signs of resilient consumer spending, despite concerns over inflation and President Trump’s recent tariffs. U.S. retail sales rebounded sharply in June, indicating strong consumer confidence even amid trade tensions and higher prices. Analysts noted that both economic indicators and earnings have provided support for the ongoing market rally.
Fed Governor Adriana Kugler confirmed Thursday that interest rate cuts remain on hold as policymakers assess the inflationary impact of import tariffs. Market expectations now place the probability of a September rate cut at 54%, while a July move is largely dismissed, according to CME’s FedWatch tool.
Earnings from major consumer and tech companies boosted sentiment. PepsiCo surged 7.5% after upbeat forecasts, fueled by demand for energy drinks and healthier beverages. United Airlines jumped 3.1% on stronger post-July demand. Delta and American Airlines also gained over 1.4%.
Tech stocks rallied following strong earnings from TSMC, the top AI chipmaker, which reported record quarterly profits and strong AI demand. U.S.-listed shares of TSMC rose 3.4%, with Marvell and Nvidia up 1.6% and 1%, respectively.
Financials led sector gains with a 0.9% rise. Netflix advanced 1.9% before posting better-than-expected earnings, boosted by the final season of “Squid Game.” Analysts say Big Tech could see more upside as AI momentum and earnings season continue.
