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Markets are navigating another eventful session as geopolitical tensions, private market investments, and economic data continue to shape investor sentiment.
β οΈ **Energy Markets in Focus:** A Qatari LNG carrier was struck near the Strait of Hormuz, approximately 15 km off the coast of Oman. The incident has renewed concerns over the stability of the US-Iran truce and the security of one of the world's most critical energy shipping routes.
π **SpaceX Draws Strong Institutional Confidence:** Major Wall Street firms have issued more than six Buy-equivalent ratings on SpaceX, with some analysts projecting upside potential of up to 87%. While valuation and profitability remain points of debate, long-term growth expectations continue to attract investors.
𧬠**Fusion Energy Gains Momentum:** Google and RWE have backed Proxima Fusion in a β¬411 million funding round, valuing the company at β¬2.4 billion. The investment highlights increasing confidence in fusion technology as a future clean-energy solution.
π©πͺ **German Manufacturing Shows Strength:** Germany's industrial production rose 0.9% in May, comfortably exceeding the 0.1% forecast. The second consecutive monthly increase was largely driven by stronger automotive sector output, offering a positive signal for Europe's largest economy.
π
**Today's Economic Calendar (July 7, 2026)**
π¨π¦ **Ivey PMI**
π **17:00 GMT+3**
Stay informed. Trade wisely.
NEWS
07 Jul 2026
π Global Markets Update | July 7, 2026
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Data sources: exchangerate.host (FX) and Stooq CSV (indices).