Author: FX
The scale of the announcement, if investments materialise at the reported $651 billion level over the coming years, represents a structural demand signal for the global semiconductor supply chain, advanced manufacturing equipment and AI infrastructure buildout. SK Hynix in particular warrants close attention given its pivotal role in high-bandwidth memory supply for AI accelerators; any confirmed capacity expansion in a new location adds long-term supply optionality but introduces near-term execution uncertainty that the market will need to price. Korean utility and infrastructure names are the immediate domestic read-through, given the government’s commitment to cover power, water and land support. The…
The former Greater Manchester mayor and the Labour lawmaker, Andy Burnham, will outline his vision for the United Kingdom (UK) on Monday, the Guardian reported. Last Monday, Keir Starmer faced political pressure and announced he would step down as leader of the ruling Labour Party. The schedule to pick a successor could see Burnham installed as Prime Minister as soon as July 17, if no other challenger emerges.Burnham will set out on Monday how he’d “lift Britain back up” by devolving UK power from London to regions. His key pledges include “good growth in every postcode”, creation of a “No. 10…
Oil climbs following renewed US, Iran strikes in Middle East Source link
Serbians to keep up protest after President Vucic says he will step down Source link
The jobs report is pulled to Thursday for the July 4 holiday. After last week’s hot PCE faded the dollar, here’s the scenarios to watch. Source link
As Supreme Court’s term nears its end, three major Trump rulings due Source link
Answer Capsule: Bitcoin spot is still in a bearish lower-value reset after the June 24-25 liquidation. Buyers are showing real absorption near $58,000-$59,750, but BTC has not yet reclaimed $60,750-$61,000 or the stronger $61,750-$62,250 repair zone. My active spot-adjusted score is -3 / +10.Key takeawaysActive BTC score: -3 / +10, replacing the prior futures-only blended 0 / +10.Market state: Bearish lower-value reset with early absorption, not confirmed accumulation.Main tactical resistance: $60,750-$61,000 is the first escape gate from the lower balance.Stronger repair zone: $61,750-$62,250 needs to be reclaimed before the bullish case becomes more credible.Key support and absorption zone: $58,000-$58,400 remains…
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A look at the forces pushing bitcoin below $60,000, from rising rate-hike expectations to persistent ETF outflows, and the events that could decide the next move. Source link
Death toll in Venezuela quake tops 1,400 as rescue efforts intensify Source link