Davide Marcotti @Dafne17: "Good morning legends ☀️ Weed out..."

United Arab Emirates

Good morning legends ☀️ Weed out the noise. Here's your selection of the real key market movers of the last 24 hours 🌍 Macro 🟢 June Producer Price Index fell 0.3%, beating expectations for no change and adding to evidence that the inflation surge is cooling. 🔴 WTI $OIL topped $80 per barrel after the U.S. launched fresh strikes against Iran and reinstated its blockade on Iranian oil shipments through the Strait of Hormuz. 🟢 Fed Chair Warsh testifies before Congress today with markets watching closely for clues on the July rate decision after recent dovish inflation prints. 🟠 CME FedWatch now puts July rate hike odds at 46.5%, a sharp jump from last week as Iran tensions and persistent inflation risks keep the Fed's tightening bias alive. 🟢🟢 Morgan Stanley crushed Q2 earnings with $3.46 per share on $21.35 billion revenue, topping estimates of $2.94 and $19.64 billion as active markets drove exceptional results across all regions. 🔴 IBM warned Q2 profits will miss expectations due to soft demand in software and infrastructure, sending shares down 25% and weighing on the Dow. 📈 Crypto 🟢 Bitcoin $BTC jumped nearly 2% to hover above $65,000 while ethereum rose 3% as cooler inflation data reduced concerns the Fed may hike rates and tighten liquidity conditions. 🟢 Bitcoin ETFs attracted $182 million in inflows on Tuesday, reversing massive $425 million outflows from the prior day as risk sentiment improved. 🟢🟢 Japan's Upper House committee cleared a Bitcoin ETF bill that would classify crypto as financial instruments, cut taxes to 20%, and potentially allow spot Bitcoin ETFs on the Tokyo Stock Exchange by 2027. 🟢 Ethereum ETFs posted $58 million in inflows, up sharply from $15 million in outflows the day before, with cumulative inflows staying positive at $11 billion. 🟢 Alibaba shares surged 5% in premarket trading after China's state media reported its Qwen AI model will be integrated into Apple Intelligence in China. 🔴 Ostium suffered an $18 million exploit as the latest oracle attack wave continues to hit DeFi protocols, with hackers weaponising price-reporting infrastructure. 🏦 TradFi 🔴🔴 South Korea's Kospi index slumped as much as 7.3% with SK Hynix and Samsung leading losses as investors grew sceptical that the AI-driven rally can withstand lofty valuations. 🔴 South Korea's Financial Services Commission will soon announce regulatory measures regarding leveraged ETFs linked to chipmakers after controversy over volatility fueled a market rout. 🟢 Amazon, Alphabet, and Microsoft climbed around 3% while Apple $AAPL (Apple) gained 4% to hit a new all-time high as investors rotated out of semiconductors and into Big Tech. 🟢 BlackRock shares jumped more than 5% after the asset management giant beat Q2 estimates with $13.91 per share on revenue of $7.08 billion. 🟢 The S&P 500 $SPX500 gained 0.4% to 7,572.43 while the Nasdaq Composite rose 0.6% to 26,269.23 as cooler inflation and strong bank earnings lifted equities. 🔴 Warren Buffett criticised a stock market increasingly driven by speculative trading rather than long-term investing, saying it's tough to find values when everybody is preferring gambling. 🤖 AI & Tech 🟢 Nvidia $NVDA (NVIDIA Corporation) CEO Jensen Huang confirmed the next-generation Vera Rubin AI accelerator is in production, countering delay rumours and signalling strong future growth potential. 🔴 Micron Technology fell 8% while Lam Research and AMD dropped 3% as investors pared exposure to key semiconductor stocks despite broader tech strength. 🟢 Morgan Stanley updated filings for proposed Ethereum and Solana ETFs, naming Coinbase as custodian and staking provider, adding to confidence around regulated crypto investment products. 🟢 SpaceX prepares for its next Starship test flight no earlier than today at 6:45 p.m. ET from Texas, with shares up 1.3% after the company went public in June in the largest IPO in history at $135 per share. 🟠 Wall Street shifted from rewarding AI spending to demanding proof that unprecedented capex will translate into unprecedented profits, with investors becoming more demanding on returns. 🟢 Citi hiked its Apple price target to $365 from $315, implying 16% upside, citing the company's ability to implement selective price increases and the iPhone 18 launch in September as a key catalyst. The liquidity setup is improving but the market wants proof, not promises, on AI returns. @Tori , anything else I have missed? Stay sharp - follow if you want the key market movers in your feed every morning 🙏

Not investment advice. The author may have financial interests in the mentioned instruments.