Latest market news
Independent UK financial coverage with full source attribution.
CVX Q2 2026: filings, holdings, and macro context
HD Q1 2026 update — filings and holdings
COST Q3 2026: filings, holdings, and macro context
LLY Q2 2026 update — filings and holdings
UNH Q2 2026 update — filings and holdings
XOM Q2 2026: filings, holdings, and macro context
V Q2 2026: filings, holdings, and macro context
AVGO Q2 2026: filings, holdings, and macro context
TSLA Q2 2026 update — filings and holdings
AMZN Q1 2026: filings, holdings, and macro context
OpenAI proposes 5% US government stake in AI developers
OpenAI has begun preliminary discussions to give the US government a 5% equity stake, a holding worth roughly $42.6bn based on its $852bn valuation, with the arrangement potentially extending to Anthropic, Google and Meta.
Oman India Fertiliser IPO draws $12 billion in orders, 17 times covered
Oman India Fertiliser Co. received over $12 billion in orders for its $678 million IPO, representing approximately 17 times subscription. Bloomberg Markets reported the listing as the largest in the Middle East since the onset of regional conflict.
Japan yen intervention sends USD/JPY down 0.70% on 2 July
USD/JPY fell 0.70% on 2 July 2026 following unsignalled Japanese currency intervention, with EUR/USD rising 0.26% and GBP/USD rising 0.37% as the dollar softened broadly ahead of an early-released US non-farm payrolls report.
US June payrolls miss at 57,000; dollar index falls, EURUSD rises
US employers added 57,000 jobs in June 2026 against a forecast of 110,000–115,000, with prior months revised down by 74,000; the DXY declined and EURUSD rose following the release.
Tesla Q2 deliveries jump 25% to 480,126, beating estimates
Tesla delivered 480,126 vehicles in Q2 2026, a 25% year-over-year rise that surpassed analyst consensus of roughly 406,000, though TSLA shares fell about 7% on Thursday.
Asian equities fell sharply; South Korean stocks dropped 6% on AI sector sell-off
Asian equities fell on 2 July 2026, with South Korean stocks down 6% and the Kospi and Nikkei declining amid a semiconductor sell-off; foreign investors withdrew a record $137bn from Asian stocks, and the PBOC weakened its yuan reference rate.
Micron Technology fell 11% on 1 July, erasing ~$200bn market cap
Micron Technology (MU) fell 11% on Wednesday 1 July 2026, erasing approximately $200 billion in market capitalisation. The SMH and SOXX ETFs, which hold MU as a constituent, carried direct exposure to the move.
KKR acquires EDF Power Solutions North America for $4.2 billion
KKR agreed to acquire EDF Power Solutions North America from EDF for $4.2 billion in a deal reported on 1 July 2026, encompassing over 5.6 gigawatts of operating wind, solar, and battery storage assets across North America.
Trump ends USMCA trilateral framework; CAD, MXN, Ford, GM affected
President Trump announced on 1 July 2026 that the US will not renew USMCA, pursuing separate bilateral agreements with Canada and Mexico instead; the Canadian dollar, Mexican peso, Ford (F), and General Motors (GM) were among the instruments and companies named in connection with the shift.
Fed Chair Warsh rejects forward guidance at Sintra; Treasury yields rise
Federal Reserve Chair Kevin Warsh stated at the ECB Forum in Sintra on 1 July 2026 that the Fed would not provide forward guidance on future rate moves; US 10-year and 2-year Treasury yields rose, and the S&P 500, tracked via SPY, swung from pre-market losses to intraday recovery.