Commodities (Crude Oil & Copper) & Macro Outlook

US stock futures climbed in the overnight session late Wednesday, reversing a sell-off triggered by escalating tensions between the US and Iran after President Donald Trump indicated the interim deal to end the conflict may be 'over.' Nasdaq 100 futures rose 0.19%, S&P 500 futures climbed 0.08%, and

US stocks closed mixed on Wednesday as the S&P 500 fell 0.3% and the Dow Jones Industrial Average dropped 1%, recording its worst day since June 10, while the Nasdaq 100 rose 0.3%. Oil prices surged after President Trump threatened further military action against Iran, stating 'we're going to hit th

Iran's chief nuclear negotiator Abbas Araghchi stated that the Hormuz Strait will only open following arrangements made by Iran, not due to U.S. threats. The remarks underscore Tehran's assertion of control over the strategic waterway amid ongoing

According to China's National Bureau of Statistics, the country's June consumer prices fell 0.3% month-over-month. Gold ornament prices dropped 8.7% and gasoline prices declined 4.9%, both driven by international market fluctuations. These two factors combined to reduce consumer inflation by

According to China's National Bureau of Statistics, in June, consumer price index (CPI) rose 1.0% year-on-year amid seasonal factors and international market fluctuations, with core CPI excluding food and energy prices also up 1.0%. Producer price index (PPI) increased 4.1% year-on-year in the

According to Gate data, WTI crude oil fell 1.39% intraday to $74.23 per barrel. Brent crude declined 0.54% to $78.65 per barrel.

Bitcoin (BTC) retraced its early-week gains, currently around $62,420 on July 9. EU officials plan to revise the Markets in Crypto-Assets Regulation (MiCA) to include non-EU stablecoin issuers. Russia proposes criminal penalties for illegal crypto exchanges, with a maximum sentence of five years imprisonment. Macro Events & Crypto Hotspots According to CoinTelegraph, EU officials are planning to amend the MiCA framework amid the US implementing stablecoin legislation. European news outlets repor

Oxford Economics stated on the 8th local time that it is premature to interpret the apparent collapse of the fragile US-Iran ceasefire as a signal for oil price surges. The assessment came after Iran attacked three vessels transiting the Strait of Hormuz the previous day, prompting US President

According to Guru Club, on July 9, SC crude oil futures surged 6.01% to 483 yuan per barrel. Low-sulfur fuel oil (LU) rose 6.37% to 4,156 yuan per ton, while fuel oil gained 5.24% to 3,191 yuan per ton.

According to Guru Club, China's Containerized Freight Index Europe route futures main contract fell 7% intraday on July 9, reporting at 2,355 points.

According to Guru Club, the Shanghai Container Freight Index (Europe route) main contract fell 6% intraday on July 9, now trading at 2391.5 points.

Bitcoin (BTC) fell back to around $62,000 on July 9. Earlier, the U.S. Federal Reserve (Fed) released the minutes of the June 16-17 FOMC meeting. The 12 voting members voted 12-0 to keep the target range for the federal funds rate unchanged at 3.50%-3.75%, and formally removed “a dovish bias” from the statement, which immediately triggered a sell-off in U.S. stock equities. Key takeaways from the Fed’s June FOMC meeting minutes: Interest rate 3.50%-3.75%, removal of dovish bias (Source: Fed webs

US President Donald Trump shared a photograph on July 8 showing an Israeli strike on an Iranian oil depot from June 15, 2025, falsely claiming it depicted a recent US military attack on Iran. Trump posted the image on Truth Social, writing it was "in retribution for yesterday's bombing of ships by I

According to a post on Truth Social on July 8, US President Donald Trump shared a photograph of an Israeli strike on an Iranian oil depot from June 2025, claiming it depicted a recent US military attack on Iran. The image showed fire and smoke from

Bank of Korea Governor Shin Hyun-song is scheduled to testify at the National Assembly Finance Committee on this date as the central bank's blackout period begins. The Seoul bond market is closely watching for any policy signals despite communication restrictions ahead of next week's rate

South Korean bond market participants focused on Bank of Korea Governor Shin Hyun-song's remarks during the parliamentary Finance and Economy Committee report on this day. The silent period begins on this day, limiting the likelihood of significant monetary policy information. International oil

Hyundai Glovis is forecast to report a temporary profitability decline in Q2 2026, with operating profit expected to fall 9.85% year-over-year to 485.8 billion won despite revenue growth of 7.21% to 8.0578 trillion won. The profit contraction stems from concentrated oil price burden during the

According to Jin10 Futures, on July 9, Iran vowed a large-scale strike on U.S. military bases. The statement sent international oil prices to higher levels amid heightened geopolitical tensions.

According to Jin10 Futures, Brent crude oil surged 5.2% to its highest level since June 19 on Thursday morning (July 9), driven by U.S. President Trump's threats of fresh strikes on Iran, which sparked concerns over potential disruptions to Strait of Hormuz shipping. Chicago soybean oil futures

According to Jin10 Futures, international crude oil prices surged on July 9 amid market concerns over a potential new blockade of the Strait of Hormuz, with strong cost support and multiple maintenance outages at PX facilities driving tight spot