QM [IRAN] U.S.-IRAN STRIKES KEEP HORMUZ AT THE CENTER OF THE MARKET AS TRUMP SAYS IRAN STILL WANTS A DEAL.
QM [OIL] CRUDE HOLDS NEAR $73.98 AND BRENT RISES TO $78.67 AS HORMUZ TRANSITS SLOW AND ENERGY-SUPPLY RISK STAYS BID.
QM [JOBS] U.S. INITIAL CLAIMS FALL TO 215K, A SIX-WEEK LOW, WHILE CONTINUING CLAIMS RISE TO 1.814M.
QM [FED] FED MINUTES SHOW GROWING INFLATION CONCERN, WITH MARKETS PRICING A 63% CHANCE OF A SEPTEMBER HIKE.
QM [ECB] ECB MINUTES SIGNAL NO PRE-SET RATE PATH AFTER JUNE’S HIKE AS OFFICIALS STICK TO DATA-DEPENDENT POLICY.
QM [EU GAS] EUROPEAN GAS RISES TO €49.8/MWH, A ONE-MONTH HIGH, AS PERSIAN GULF LNG DISRUPTION RISK RETURNS.
QM [GOLD] GOLD REBOUNDS ABOVE $4,100 AS A SOFTER DOLLAR AND MIDDLE EAST RISK SUPPORT HAVEN DEMAND.
QM [AI] MICRON AND SANDISK RISE 3% PREMARKET AS SK HYNIX ADR DEMAND COMES IN SEVEN TIMES OVERSUBSCRIBED.
QM [CANADA] TSX FUTURES STAY MUTED AS META PLANS ITS FIRST CANADIAN DATA CENTER IN ALBERTA AND MARKETS WAIT FOR JOBS DATA.
QM [SOUTH AFRICA] FACTORY OUTPUT FALLS 4.3%, WORSE THAN EXPECTED, AS FOOD, STEEL AND MACHINERY PRODUCTION CONTRACT.
SUMMARY
THE TAPE IS ENERGY RISK WITH POLICY RESTRAINT. Oil and gas remain firm, jobless claims remain low, Fed and ECB officials are guarding against inflation, and AI infrastructure remains supported even as broader macro risk remains elevated.