Here are the global news up to date ;

1. The U.S. core PCE price index, the Fed’s favored inflation indicator, recorded an annual rate of 4.6% in May, slightly below expectations and the previous value of 4.7%. Traders reduced bets on a Fed rate hike.

2. Chicago Fed President Goolsbee stated that it had not yet been decided how to act at the July meeting, but noted that inflation remained above target and was more persistent than expected.

3. U.S. regulators are considering deferring repayment on commercial real estate loans and may restrict large banks from borrowing from Federal Home Loan Banks (FHLBs).

4. Over 1,000 flights were delayed or canceled during the U.S. “Independence Day” holiday weekend.

5. Riots triggered by the shooting of teenagers by French police continued in multiple locations, leading the government to cancel major events. French President Macron postponed his visit to Germany. The intensity of the riot violence has decreased, according to the French Interior Ministry. The riots have spread to neighboring Belgium, and public transportation between Geneva, Switzerland, and France has been suspended.

6. Iraq’s crude oil exports reached 3.335 million barrels per day in June, compared to 3.305 million barrels per day in May, according to the Iraqi Oil Ministry.

7. Ukraine has exhausted the World Bank’s loan line and will rely on bonuses or guarantees provided by aid countries for a new round of loans. Ukrainian President Zelensky aims to show results of the counter-offensive before the NATO summit. The Ukrainian Armed Forces have slowed down their counter-offensive plans against Russia, citing heavy rains as one of the reasons. The threat to the Zaporozhye nuclear power plant still exists.

8. The SEC returned the application documents for a spot bitcoin ETF, citing lack of clarity and comprehensiveness. The asset management company can update the language and refile.

9. South Korea’s parliament passed a virtual asset user protection bill, filling a legal gap after the TerraUSD algorithmic stablecoin incident.

10. Tesla delivered over 466,000 vehicles to customers worldwide in Q2, setting a quarterly sales record. It produced 479,700 vehicles, surpassing market estimates.

11. Twitter temporarily limits the number of tweets users can read. Verified accounts are limited to 6,000 tweets per day, unverified accounts to 600 tweets per day, and new unverified accounts to 300 tweets per day.

12. India’s Karnataka High Court rejected Twitter’s petition challenging a blocking order issued by the Indian government.

13. South Korea’s Ministry of Administration and Security raised the heat crisis alert level from “attention” to “alert” on July 1.

14. International Atomic Energy Agency Director General Grossi will visit Japan from July 4 to 7 to tour the Fukushima Daiichi nuclear power plant, according to Japanese Foreign Minister Yoshimasa Hayashi.

15. Sudan’s Civil Aviation Authority extended the closure of airspace until July 10.

16. Hungary’s foreign minister expects two more battery project investments from China.

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