Global TradFi & Macroeconomics

Tesla Inc. (TSLA) faced price target cuts from Wall Street analysts following its second-quarter earnings miss, with firms citing concerns that the company's rising AI spending must now be matched by tangible progress in its robotaxi and Optimus programs. Shares fell more than 12% in Thursday's

According to the U.S. Energy Information Administration (EIA), American natural gas inventories increased by 32 billion cubic feet last week, falling short of the Bloomberg consensus forecast of 34 billion cubic feet. Inventories rose 1.06% week-over-week to 3.06 trillion cubic feet, compared to the

According to Yuanalyze, Honeywell Technologies (HON-US) raised its full-year 2026 earnings guidance on July 23, driven by strong demand for industrial and building automation products. Building Automation delivered 9% organic revenue growth with 13% order growth, boosted by double-digit expansion in

According to Morgan Stanley, leveraged investors have reduced funding in U.S. Treasury basis trading by over $200 billion in recent months, with total capital currently standing at around $1 trillion. Basis trading, which exploits price differences between Treasury futures and spot bonds, has lost a

According to EIA, U.S. natural gas stockpiles for the week ending July 17 stood at 32 billion cubic feet, falling short of expectations of 35 billion cubic feet and declining from the prior week's 41 billion cubic feet.

According to the EIA weekly natural gas report, U.S. natural gas inventories reached 3.056 trillion cubic feet for the week ending July 17, up 32 billion cubic feet from the prior week. Year-over-year, inventories declined 16 billion cubic feet, or 0.5%. The current level remains 183 billion cubic f

According to MSX.COM, Google raised its 2026 capital expenditure forecast to $195-205 billion from $190 billion on Thursday, with the stock price declining over 7%. The increase highlights mounting costs in artificial intelligence competition among major tech firms. Meta, Microsoft, and Amazon

According to SemiAnalysis, ASML raised its full-year 2026 guidance for the second time in Q2, signaling strengthened momentum in the semiconductor equipment cycle. The institution highlighted positive indicators including order visibility extending to 2028, accelerated capacity expansion, planned

According to Korean Economic TV, on July 23, Alphabet announced it will continue expanding capital expenditure to meet artificial intelligence demand. The statement eased market concerns about an AI investment peak, shifting investor focus to Microsoft, Meta, and Amazon and signaling potential

The US dollar strengthened on the 23rd, with the Dollar Index rising to 101.297 as of 8:03 AM Eastern Time, up 0.175 points or 0.173% from the previous close of 101.122, according to Yonhap Infomax. The currency gained as shipping disruptions in the Strait of Hormuz and Red Sea coincided with

According to Yonhap Infomax, on July 23, the U.S. Dollar Index (DXY) rose to 101.297, up 0.175 points (0.173%) from the previous close of 101.122, as shipping disruptions in the Red Sea and Strait of Hormuz drove up international oil prices. Pro-Iran Houthi forces claimed responsibility for

According to Yonhapinfomax, the USD/KRW exchange rate weakened to 1,472.80 Korean won on July 23, down 7.30 won from the previous close. South Korea's surprise stronger-than-expected Q2 GDP growth of 3.7% year-over-year provided support for the won, while foreign investors' net purchase of 2.13

The U.S. Energy Information Administration will release its weekly natural gas inventory report at 10:30 PM Beijing time on July 23.

The U.S. Energy Information Administration (EIA) is set to release its weekly natural gas inventory report for the week ending July 17 shortly.

US stocks opened lower on July 23 (local time), with the Dow Jones Industrial Average down 0.94% to 51,725.23, the S&P 500 falling 0.95% to 7,427.92, and the Nasdaq Composite dropping 1.71% to 25,252.45 as of 9:51 AM. The declines followed disappointing Big Tech earnings from Alphabet and Tesla,

Canadian Prime Minister Carney stated that Canada enters the trade dispute from a position of strength and will take all necessary measures to defend its interests.

From 13:45 to 14:00 (UTC) on July 23, 2026, BTC fell 0.32% over 15 minutes, with the price touching the $64,864.8–$65,145.1 range and the amplitude of 0.43%. Over the past 24 hours, BTC has cumulatively fallen by about 1.66%, with an intraday low of $64,820. Market attention has clearly risen, and volatility has increased. The main driver behind this unusual move is the continued escalation of the military conflict between the US and Iran compounded by rising expectations for a Fed rate hike in

According to Fitch Ratings, default rates in Europe's leveraged financing market declined for the third consecutive month in June, yet market stress continues to accumulate. The rating agency expanded its Market Concern Loan list in its latest European corporate distress and default monitoring

According to IFX, Russia is discussing extending its diesel export ban by one month and its gasoline export ban by six months in recent discussions.

According to Interfax, Russia is discussing extending its gasoline export ban for six months.