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Market Briefs

Periodic briefs to keep you informed about the latest global developments you need to know.

Australia Accuses China State Sponsored Hackers

Australia Accuses China State Sponsored Hackers

Australia, Japan, and Korea accuse China's APT40 of cyberattacks, marking Australia's first direct attribution. Meanwhile, S&P 500 and Nasdaq hit records as investors anticipate inflation data to gauge Fed rate moves.

Leftist Beats Far Right In France's Snap Parliamentary Election

Leftist Beats Far Right In France's Snap Parliamentary Election

France’s left-wing alliance wins most seats, creating a deadlock for Macron. Modi visits Russia to discuss arms amid China tensions. Boeing pleads guilty to fraud over 737 Max crashes, faces $243M fine, and criticism from victims’ families.

Labor Party Claims Victory in UK Election as Sunak Admits Defeat

Labor Party Claims Victory in UK Election as Sunak Admits Defeat

The Labour Party’s election win secures Keir Starmer as the next UK prime minister. Bitcoin fell to $54,000 as Mt. Gox started creditor repayments, impacting the crypto market. Meanwhile, U.S. unemployment rose to 4.1% in June, hinting at effects from Federal Reserve policies despite job growth.

FOMC To Look for Further Signs of Inflation Cooling

FOMC To Look for Further Signs of Inflation Cooling

U.S. markets close for Independence Day as Biden reaffirms his presidential bid. Fed holds rates steady amid easing inflation; Germany’s economy weakens. In global affairs, Middle East tensions rise with Hezbollah-Israel clashes, and Italy’s PM considers a diplomatic visit to China.

China to Develop Drones For Russia

China to Develop Drones For Russia

Fed Chair Powell noted progress on inflation control, lifting European markets, while crude oil prices rose on a larger-than-expected U.S. inventory drop. Meanwhile, political events in France and the UK, along with reports of China developing attack drones for Russia, are drawing global attention.