Global TradFi & Macroeconomics

The US 10-year Treasury yield rose 3.65 basis points to 4.582% as of latest market data on July 16.

In June, U.S. retail sales excluding autos declined 0.2% month-over-month, falling short of economist expectations for a 0.1% increase and reversing May's 0.8% gain.

The U.S. Philadelphia Federal Reserve's manufacturing new orders index rose to 37 in July, up from 27.3 in the previous month, according to the agency's official data.

The Philadelphia Federal Reserve's manufacturing index rose to 41.4 in July, marking its highest level since November 2021.

U.S. retail sales for June came in at 0.5% month-over-month, matching consensus expectations. The prior month's figure was revised upward to 0.8% from the previously reported 0.7%.

U.S. core retail sales fell 0.2% month-over-month in June, missing the expected decline of 0.1%. The prior month's figure was revised upward to 1% from the initially reported 0.8%.

According to Guru Club, WTI crude oil and Brent crude both rose more than 1% today (July 16).

Ondo Finance and Japan's SBI Group announced a strategic partnership today to tokenize Japanese stock assets and enable yen-denominated settlement on blockchain. According to the announcement, Ondo—one of the world's largest equity tokenization providers—will work with SBI to expand access to Japane

The Philadelphia Federal Reserve's manufacturing index reached 41.4 in July, significantly surpassing economist expectations of 13 and the prior month's reading of 10.3.

WTI crude oil touched $80 per barrel today, rising 0.35% during intraday trading on July 16.

On July 16, Baidu announced that its board of directors authorized management to proceed with voluntary conversion to dual-primary listing on Hong Kong Stock Exchange and Nasdaq, expected to take effect this year. Once converted, both Hong Kong and Nasdaq will serve as Baidu's primary listing

President Lee Jae-myung on July 15 urged faster legislative action on inheritance and gift tax reform targeting companies with price-to-book ratios (PBR) below 0.8x, according to Herald Economy. As of July 15, 1,291 out of 2,718 listed companies on KOSPI and KOSDAQ—representing 47.5% of all Korean s

According to Guru Club, on July 16, spot gold fell below $4,020 per ounce, with intraday losses exceeding 1%.

According to Reuters, Iran has told Yemen's Houthi armed group to block the Strait of Mandeb if the United States attacks Iran's power infrastructure, citing unnamed sources on July 16. The Strait of Mandeb connects the Red Sea and the Gulf of Aden, serving as a critical maritime chokepoint

Three important U.S. economic indicators will be released later today (July 16): initial jobless claims for the week ending July 11, June retail sales monthly rate, and the July Philadelphia Fed Manufacturing

According to a Reuters survey, 2026 GDP forecasts for Qatar, Kuwait, and Bahrain were downgraded to -8.1%, -8.1%, and -5.1% respectively, compared to -6.0%, -4.4%, and -2.9% projected in April.

According to Herald Economy, South Korean President Lee Jae-myung recently ordered acceleration of the inheritance and gift tax reform bill, designed to prevent stock price suppression. Data shows companies trading below 0.8x price-to-book (PBR) ratio now comprise nearly half of all South

According to CNBC, Bank of America raised JPMorgan Chase's price target to $420 from $408 on July 16, implying 21% upside from Wednesday's close. The firm reiterated its buy rating following the bank's stronger-than-expected second-quarter results. JPMorgan reported adjusted Q2 earnings per share o

GE Aerospace stock fell 4.2% to $345.10 in pre-market trading on Thursday despite reporting second-quarter revenue of $13.35 billion and adjusted earnings of $2.02 per share, both exceeding analyst estimates. The decline followed a 1.87% gain to $360.35 in the previous session, suggesting

According to GE Aerospace, the company posted second-quarter revenue of $13.35 billion, up 31.5% year-over-year and well above analyst expectations of $11.91 billion on Thursday. Adjusted earnings per share reached $2.02, beating estimates of $1.86 by 8.6%, while the company raised full-year