Latest market news
Independent UK financial coverage with full source attribution.
CMCSA Q2 2026 update — filings and holdings
NVDA Q1 2026: filings, holdings, and macro context
Ukraine drones strike St Petersburg oil terminal and port
Ukrainian drones hit an oil terminal in St Petersburg's Kirovsky district and the port of Vysotsk overnight on 4 July 2026, with 72 drones shot down across the region, Russian officials said.
PJM grid hit 163 GW near-record demand; wholesale power prices tripled
PJM Interconnection recorded approximately 163 GW of electricity demand on 3 July 2026, approaching its 2006 all-time peak of 165.6 GW, as wholesale power prices on the grid tripled. PJM issued a maximum generation alert and federal emergency actions requested consumer curtailment to avoid blackouts.
Ukraine strikes 50+ Russian refineries; Brent crude declines sharply
Brent crude declined sharply after reports of Ukraine striking more than 50 Russian refining sites, causing fuel shortages across Russia. Russia's refiner subsidy payments surged sixfold year-over-year in June; Russia moved to import 200,000 barrels of jet fuel via South Korea.
Japan LNG imports fell 7%; gas-fired generation dropped 16% year-on-year June
Japan's LNG imports fell 7% and gas-fired power generation declined 16% year-on-year in June 2026, dropping to 17.3 TWh, while coal-fired generation rose 4.6% over the same period as utilities substituted fuels amid elevated LNG prices.
GS Q2 2026: filings, holdings, and macro context
Abu Dhabi promotes Murban crude as rival benchmark to Platts Dubai
Oilprice reported on 3 July 2026 that Abu Dhabi is pursuing structural changes to position Murban crude as a global pricing benchmark via ICE Futures Abu Dhabi, targeting Asian buyers and competing directly with the Platts Dubai assessment.
Private credit funds face $15.6bn withdrawals vs $5.9bn returned in Q2
Private credit funds received $15.6bn in withdrawal requests in Q2 2026 against $5.9bn returned; new fundraising fell to an 18-month low of $500mn in May. APO, ARES, HPS Investment Partners, and OWL featured in coverage of the redemption dynamic.
China Caixin services PMI eased to 54.1 in June 2026
China's Caixin services PMI fell to 54.1 in June 2026 from 54.4 in May, beating economist forecasts according to Bloomberg Markets; export orders reached a 20-month high and services-sector employment rose for the first time since 2024.
US Treasuries rallied after below-forecast jobs data; dollar fell
US Treasury bonds rallied on 2 July 2026 after employment data came in below market expectations, with TLT and IEF rising alongside US equity markets; the US Dollar Index DXY recorded its largest weekly decline in nearly three months as of 3 July 2026.
Canada approves Pacific coast oil pipeline; TSX energy sector rises
Canada's federal and Alberta governments jointly approved a new Pacific coast oil pipeline on 3 July 2026, with C$150 billion in associated investments announced. The TSX rose on Friday following the announcement, with the energy sector contributing to the gain.