Global TradFi & Macroeconomics

PayPal closed at $55.51 on 22 July, roughly 8% below the $60.50 per share Stripe and Advent International offered and about 21% below the approximately $70 the board says the company is worth. The board formally rejected the more than $53 billion offer on 21 July. Q2 results land 28 July at 8:00 a.m

According to Citi analysts on July 23, STMicroelectronics (STM.N) stock has reflected the recovery in its end-markets and accelerating data center revenue growth. The stock has risen more than 160% since January, with second-quarter earnings and guidance largely in line with market

Kyobo Securities assessed on the 23rd that global energy markets have become more vulnerable to oil price increases than in March during the Strait of Hormuz blockade, as buffer mechanisms have been exhausted. Senior researcher Wi Jae-hyeon stated the second shock from prolonged dual-strait

Citi forecasts the Bank of Korea will raise its benchmark interest rate by 25 basis points in August, following a July hike, according to a report released July 23 by Citi economist Kim Jin-wook. The projection follows strong second-quarter GDP and GDI growth data. Kim cited historical precedent

According to CNBC and PYMNTS, Stripe and Advent International offered $60.50 per share for PayPal on July 15, totaling over $53 billion with roughly $50 billion in committed financing. On July 21, PayPal's board rejected the offer as inadequate, pushing for approximately $70 per share, advised by

According to Citi economist Kim Jin-wook on July 23, the Bank of Korea is expected to raise its base rate by 25 basis points in August following a similar increase this month, driven by strong second-quarter GDP and GDI growth. Citi raised its 2026 nominal GDP growth forecast to 20.7% from 15.5%,

Korean retail investors are shifting funds into covered call exchange-traded funds (ETFs) as domestic and international stock markets experience sharp volatility swings. Mirae Asset Management's TIGER US Nasdaq 100 Target Daily Covered Call ETF surpassed 2

According to Mirae Asset Asset Management on July 23, the TIGER Nasdaq-100 Target Daily Covered Call ETF surpassed 2 trillion Korean won in net assets, reaching 2.2234 trillion won. The product is the largest overseas covered call ETF listed domestically. The surge reflects growing investor

France's INSEE business confidence index reached 97 in July, exceeding the expected 95, according to the national statistics agency. The prior month's reading was revised upward to 95 from an initial 94.

According to INSEE, France's manufacturing confidence index was 101 in July, matching expectations and rising from 100 in June.

According to Korea Exchange, a buying-side circuit breaker was activated in the KOSDAQ market on July 23 at 2:27 PM KST as the KOSDAQ 150 index futures climbed over 6%. This marks the 24th circuit breaker trigger in the KOSDAQ market this year, and the 14th instance of a buying-side circuit breaker.

According to Korea Exchange, KOSPI rose to 7034.06 on July 23, up 236.36 points (3.48%), as semiconductor sentiment recovered following Alphabet's expanded capital expenditure guidance. Foreign investors bought 2.33 trillion won, marking four consecutive days of net purchases. Alphabet reported

According to market surveys and central bank announcements on July 23, the European Central Bank is expected to hold interest rates steady today, with economists anticipating another rate hike in September. Separately, a Reuters survey shows 86% of economists expect the Bank of Japan to raise rates

According to the UK Maritime Trade Operations (UKMTO), an oil tanker was attacked by an unidentified projectile approximately 70 nautical miles southwest of Saudi Arabia's Al-Shuqaiq today (July 23), resulting in a fire onboard that crew members are currently working to extinguish. The Yemen-based

Hyundai Glovis reported Q2 revenue of 8.7054 trillion won and operating profit of 495.1 billion won, exceeding market consensus. This marks the first time the company's quarterly revenue surpassed 8 trillion won. The logistics firm maintained stable global supply chain management despite Middle

Samsung Securities overtook Korea Investment & Securities to claim second place among 15 securities firms in retirement pension reserves as of June 2024, according to the Financial Supervisory Service's integrated pension portal released on December 23. Samsung's reserves reached 28.0919 trillion

According to CoinDesk, Anthropic researcher Levent Alpöge announced on July 21 that Claude 3.5 found a concrete counterexample to the Jacobian conjecture, an unsolved mathematical problem posed in 1939. The breakthrough appeared in a post on X (formerly Twitter), where Alpöge—a mathematician and

An Hindustan Petroleum executive stated the company is preparing for oil purchases in September.

According to Jin10 Futures, as of 2 p.m. on July 23, China's interbank funding sentiment index (CNEX) stood at 48, unchanged from the morning session. By institution type, large banks reported 48, mid-size banks 49, and non-bank institutions 47, all holding

According to executives at Indian Oil Corporation, the company sourced 69% of its crude oil from the spot market during the June quarter, up significantly from 44% in the same period last year.