Futures Rise As Oil Drops, Bond Selling Slows, Meta Tumbles And Microsoft Soars

US Manufacturing Hits 49-Month High As 'Input Costs Show Signs Of Cooling' This morning we found out that Euro-area business activity shrank less than anticipated in June (Services up/beat, Manufacturing down/miss). S&P Global’s Composite PMI rose to 49.5 from 48.5, topping estimates but remaining below the 50 mark that indicates growth. "The eurozone economy is showing enough resilience to just about stay out of recession. " However, the UK’s economy contracted for a second consecutive month (both Services and Manufacturing lower), with its PMI slipping to a 14-month low. "A disappointing June ‘flash’ PMI...

Vice President JD Vance on Thursday attempted to justify the continued US-Israeli war against Iran by implying that Iran could potentially turn a nuclear bomb into a suicide vest, a claim not grounded in reality. Vance made the claim during a cabinet meeting while discussing military and diplomatic “options” that the US has regarding the […]

Oil Surges After Trump Says "US Must Respond To Iran Attack On Apache Helicopter" Summary: Trump says 'US must respond' after Iran downed Apache over Strait  Trump says Washington and Tehran are in the "final throes" of cementing a deal, "two or three days" Iran shoots down US Apache helicopter over Strait, crew safe So much for the early hopes of an imminent deal... Trump Reacts to Apache Downing, Threatens Response Following earlier reports that a US AH-64 Apache helicopter had gone down over the Strait of Hormuz off the coast of Oman in an unprecedented first of...