Banks, Gold Lift ASX 200; Tech Sees Sharp Drop
July 2, 2026, 6:11 AM EDT. The ASX 200 finished just above flat, up 0.02% to 8724.50, with gains in financials and gold lifting the index as technology stocks tumbled. National Australia Bank jumped 3.84% after a broker upgrade. Spot gold moved up 0.8% ahead of the looming US non-farm payroll figures. Brent crude touched its lowest level since US/Israel-Iran tensions started. Australian tech names like Next DC and Infratil slid, with investors wary about AI spending after Meta’s selloff. The All Ordinaries dropped 0.01%. Asian trading was muted as the Philadelphia Semiconductor Index fell 6.27%. Traders are still cautious ahead of US data that could shape rate moves.
Bank rally, gold surge save ASX from tech …
CoreWeave Shares Sink on Worries Over $35B Meta Deal and Cloud Competition
July 2, 2026, 6:10 AM EDT. Shares of CoreWeave Inc. (NASDAQ:CRWV) dropped 13.9% to $85.69, erasing $7.3 billion in market cap after investors raised concerns about the company’s $35 billion contract exposure to Meta Platforms Inc. (NASDAQ:META). Meta shares jumped 8.8% to $612.91 on reports it could start an AI cloud business, which would put Meta in direct competition with CoreWeave. That $35 billion Meta contract is about 78% of CoreWeave’s current market value, which is making some investors uneasy over customer concentration. Gil Luria, analyst at D.A. Davidson, said the news could hit neocloud providers harder than bigger cloud operators. CoreWeave said Meta has committed to buying about $21 billion of AI cloud services through 2032, part of a reported $99.4 billion revenue backlog. Investors are now more cautious over CoreWeave’s reliance on a single client as AI cloud competition heats up.
CoreWeave faces $35 billion Meta exposure …
CIBC's Sid Mokhtari puts focus on financials, picks top July stocks
July 2, 2026, 6:08 AM EDT. Sid Mokhtari, CIBC chief market technician, rolled out his top 10 stock picks for July, adding nine new names and keeping one from last month. Mokhtari shifted the group toward financials, with Intact Financial, Manulife, and National Bank now among the top names. The rest of the list pulls in utilities, industrials, REITs and some consumer discretionary names. The basket fell 5.48% in June but is still up 9% for H1 2026, beating the S&P/TSX Composite Index for four straight years. Mokhtari screens the top 100 S&P/TSX stocks by market cap, sticking to a technical and quantitative stock picking process. The S&P/TSX index had a small June gain, up 0.25%, after hitting record levels earlier in the month.
CIBC’s chief market technician Sid Mokhtar…
Housing Finance Holding Corp. sets new board lineup for July 2026
July 2, 2026, 6:07 AM EDT. Housing Finance Holding Corp. said it will make board changes starting July 1, 2026. Michele Faull, John Kelting, and Susan Shehata join as Non-Executive Directors. Shirley Smith has stepped down as a Non-Executive Director and as Senior Independent Director (SID). David Montague moves from Non-Executive Director to SID, taking over from Smith. John Kelting also becomes Chair of the New Business Committee, replacing Montague. The company said these changes follow its board succession planning and refreshment programme. No further disclosures needed under UK listing rules. The company put out the news through the London Stock Exchange’s Regulatory News Service.
REG – Housing Finance Hld. Housing Finance…
AI Drives Faster Growth for Microsoft Azure, RPO Jumps to $627 Billion
July 2, 2026, 6:01 AM EDT. Microsoft’s Azure unit is seeing faster growth as AI adds momentum. The cloud business logged $627 billion in Remaining Performance Obligations, pointing to healthy revenue ahead. AI Annual Recurring Revenue climbed 123%. The company’s expanding AI business is drawing investor focus toward MSFT shares. Analysts are watching how ongoing demand for its AI could affect Microsoft’s value and spot in the market.
Microsoft's AI Discount Won't Last
Global Lithium Resources (ASX:GL1) adds 625,000 shares to ASX listing
July 2, 2026, 5:59 AM EDT. Global Lithium Resources (ASX:GL1) put 625,000 fully paid ordinary shares on the ASX as of July 1, 2026, after options or convertible securities were turned into shares. That raises the listed count, dilutes existing holders a bit, and brings more stock into the market. The company says it is part of its capital structure plans as it builds up its position in lithium. GL1 holds a ‘Buy’ rating, price target at A$1.75. Market cap is A$113.5 million. The 313,675 daily average volume is healthy, but technicals have the stock at a ‘Sell’ right now. The extra listing comes as lithium exploration and development names in Australia keep seeing strong interest.
Global Lithium Adds 625,000 New Shares to …
Futures Flat As Investors Wait For June Jobs, TSLA, MU, NVDA In Spotlight
July 2, 2026, 5:58 AM EDT. U.S. stock futures were quiet before the June Non-Farm Payrolls report and jobless claims. Nasdaq futures dipped 0.5%. S&P 500 and Russell 2000 futures traded a little lower, Dow futures flat. Markets are watching the Fed with 115,000 new jobs expected. Tesla (TSLA), Micron Technology (MU), Nvidia (NVDA), Meta Platforms, and Amazon were active, with moves tied to earnings and regulation. U.S. markets close Friday for Independence Day, making today a shortened session. SPDR S&P 500 ETF (SPY) retail sentiment is now bullish. Nasdaq-100 ETF (QQQ) stays bullish going into the data.
Nasdaq, S&P 500, Dow Futures Subdued Ahead…
P&G Dividend Growth Hits 70 Years, Stock Trades Flat
July 2, 2026, 5:57 AM EDT. Procter & Gamble (PG) has now raised its dividend for 70 straight years, a track record that keeps the stock in defensive territory. With shares hovering around $148, the price looks stretched. PG gets a hold call here with not much room above this level if there are any misses on earnings or growth.
Procter & Gamble: 70 Years Of Dividend Gro…
Samsara Up 26% in 3 Years; Stock Trades Above Estimated Value
July 2, 2026, 5:56 AM EDT. Samsara shares are up 25.6% in the past three years, giving long-term holders a gain even as the stock has been volatile lately. But at the moment, the price sits well above an intrinsic value estimate of $25 per share from a DCF model, meaning Samsara could be overvalued by 36.5%. The stock’s Price-to-Sales (P/S) ratio at 11.5x is much higher than the software industry average. New launches like Tracking Label and Shipment Center are supposed to boost future sales, though a high price could cap returns if expectations on product uptake and monetisation don’t get met. Shares have delivered a -10.9% return over the last year, pointing to some caution in the market on valuation.
Samsara (IOT) Stock May Look Stretched On …
AT&T Loses $15.7 Billion in Market Value as SpaceX Pressure Builds on Dividend Plans
July 2, 2026, 5:55 AM EDT. AT&T Inc. shares dropped 1.0% to $20.48, wiping out about $15.7 billion in market cap after news that SpaceX is looking to enter the U.S. mobile business with possible Charter Communications partnerships. That’s close to 35% of AT&T’s $45 billion target for returns to shareholders from 2026 to 2028, through dividends and buybacks. Verizon and Charter also traded lower, but T-Mobile rose 3.2%. Analysts said SpaceX’s Starlink product is aimed at telecom heavyweights, though terrestrial networks like AT&T still lead. The move put investor focus on higher risks from satellite competition for the telecoms.
AT&T faces $15.7 billion SpaceX hit as sto…
Opendoor (OPEN) Jumps 6.9% as Russell 3000 Move Drives Big Volume, Shorts Stay High
July 2, 2026, 5:54 AM EDT. Opendoor Technologies (NASDAQ: OPEN) stock added 6.93% to $4.94 on Wednesday, trading at 241% of its 65-day average, as investors reacted to its upcoming Russell 3000 Index inclusion. Market cap is now about 4.2 times the company’s real estate holdings and 5 times book, even with a $173 million net loss for Q1. Short interest is still high, with 19.07% of shares sold short, suggesting plenty of bearish bets. The Russell reshuffle meant wide price swings-Opendoor swung through a 12.1% intraday range. Some traders point to this as a major liquidity event ahead of the U.S. market holiday on Friday.
Opendoor (OPEN) rally eyes Russell move, s…
Nebius Slides 17% as Meta Cloud Move Clouds Outlook Before Nasdaq-100 Debut
July 2, 2026, 5:53 AM EDT. Nebius Group N.V. (NASDAQ:NBIS) sank 17.01% to $229.18 and wiped out almost $12 billion in market cap after Meta said it will start selling spare AI computing power. That put pressure on Nebius and CoreWeave (NASDAQ:CRWV), which both count Meta as a top customer. Nebius, which is set to enter the Nasdaq-100, was already seeing high short interest at 25.21% of float. The Meta contract-once valued up to $27 billion-is now shaky as Meta could use more of its own capacity first. Even as the Nasdaq-100 slipped, Meta (NASDAQ:META) jumped 8.83% on fresh optimism around AI compute, leaving cloud names to lag.
Nebius falls after Nasdaq-100 inclusion pu…
Micro-Mechanics, Civmec, Valuetronics top STI in 1H 2026
July 2, 2026, 5:52 AM EDT. The Straits Times Index (STI) gained 13.1% in the first half of 2026, with three SGX small-caps pulling well ahead. Micro-Mechanics jumped 78.1%, Civmec added 52.5%, and Valuetronics was up 26.7%. Micro-Mechanics, a chip tools supplier, got a lift from strong semiconductor demand and an 18.8% bump in net profit, as well as holding net cash. Civmec climbed even with earnings down 19%, as higher margins and a bigger order book helped. Moves came on different drivers-Micro-Mechanics from the chip cycle, Civmec on new contracts-leaving the market to gauge how long these trends can last against outside risks.
3 SGX Stocks that Delivered Twice the STI'…
June Jobs Report Seen Up 115,000 as World Cup Temp Hiring Clouds Picture
July 2, 2026, 5:51 AM EDT. Wall Street Journal economists are looking for a 115,000 job gain in June, but the numbers may be skewed by temp workers hired for the World Cup. That could make it harder for traders and investors to get a clear read on the job market right now.
What Do Economists Expect From the Jobs Re…
COLD, CBAN, DDI land on Zacks Strong Sell list after estimate cuts
July 2, 2026, 5:42 AM EDT. Americold Realty Trust (COLD), Colony Bankcorp (CBAN) and DoubleDown Interactive (DDI) moved to the Zacks Rank #5 (Strong Sell) list on July 2nd. Earnings estimates dropped for all three over the last 60 days, with COLD down 5.9%, CBAN off 6.4%, and DDI cut 5.8%. The Zacks Consensus Estimate combines analyst forecasts and revisions. Zacks also pointed to a satellite communications stock they think could double next year on expected 2025 revenue growth. Full reports and future picks are available from Zacks Investment Research.
New Strong Sell Stocks for July 2nd
S&P 500 Jumps 15% for Q1, Best Showing Since 2020—Wall Street Sees Room to Run
July 2, 2026, 5:41 AM EDT. The S&P 500 tacked on 15% in Q1 2026, delivering its strongest quarter since Q2 2020’s 20% rally-even with pressures from the Iran conflict. History shows the index averages a 13% gain in the following year after similar surges. Analysts are calling for another 19% climb to 8,918 by July 2027, citing solid earnings growth: 28% for Q1 2026 and an estimated 24% for the year. Tech led the action, with sector earnings up 55% as AI infrastructure demand boosted names like Nvidia and Micron Technology. The move has some investors betting on more gains in the S&P 500 if the pattern holds, despite economic noise.
The S&P 500 Just Had Its Best Quarter Sinc…
Futures Drift With June Jobs Data on Tap; TSLA, MU, NVDA Trade in Spotlight
July 2, 2026, 5:40 AM EDT. U.S. stock futures were muted as traders waited for Friday’s June jobs numbers in a short week of trading. Nasdaq futures slipped 0.5%, while S&P 500 and Russell 2000 futures ticked lower and Dow futures stayed flat. Tesla (TSLA), Micron (MU), Nvidia (NVDA) and several other names are among the top movers to watch. Jobs data is expected to show 115,000 new jobs in June, a touch over the ADP reading of 98,000. Nvidia’s new revenue-share plan, Amazon’s chip strategy changes, and European legal issues for Alphabet made headlines. Stocktwits sentiment leans bullish on SPY ETF and QQQ. Markets close tomorrow for July 4, leaving traders focused on economic numbers and stock moves.
Nasdaq, S&P 500, Dow Futures Subdued Ahead…
Warsh Move Triggers Quick Debasement Trade
July 2, 2026, 5:36 AM EDT.Federal Reserve Chair Kevin Warsh set off a short-lived pop in the debasement trade after comments that hit the market, even as he tried to steer clear of market impact. The move saw investors jump on bets against the currency for a day. Traders responded right away, showing how central bank signals can still jolt financial markets and currency prices.
Warsh’s throwaway comment injects life int…
Super Micro falls 6% as Taiwan chip smuggling probe hits shares
July 2, 2026, 5:35 AM EDT. Super Micro Computer Inc shares dropped around 6% Wednesday after Taiwanese officials searched company officers as part of a chip smuggling investigation. The move sparked new worries about legal and regulatory risk for the company. Super Micro tried to reassure investors, but the stock still slid, showing the uncertainty in the market. The case has put more pressure on tech firms in supply chains tied to sensitive hardware.
Super Micro Tries to Reassure on Taiwan Pr…
Gulf Markets Go Nowhere Early as US-Iran Talks Hit Dead End
July 2, 2026, 5:25 AM EDT.Gulf stock markets barely moved early Thursday after the latest indirect talks between the US and Iran wrapped up without any breakthrough on a peace deal. The lack of progress left traders hesitant, with most sitting tight for now.
Most Gulf markets muted as US-Iran negotia…
S&P 500 Dips as Chip Stocks Lag, Eyes on Jobs Data
July 2, 2026, 5:24 AM EDT. The S&P 500 slipped 0.22% to 7,483.23 on Wednesday, weighed by selling in semiconductor stocks. On Polymarket, traders split over Thursday’s open, pricing a 47% chance for a gain. Investors are watching the June nonfarm payrolls report, with forecasts at 115,000 new jobs and possible impact on Fed rates. Even with the index off Wednesday, strategists say moving money to industrials and financials looks healthy for the rally. Early Thursday, S&P 500 futures were down 0.21% as traders stayed cautious before the economic numbers.
Stock Market: Will S&P 500 Open Up or Down…
OpenAI looks at giving U.S. government 5% equity stake to address industry backlash
July 2, 2026, 5:23 AM EDT. OpenAI is weighing a plan that would hand the U.S. government a 5% equity stake, in a bid to answer mounting criticism of the AI sector. The possible move would give the government a direct stake as an equity partner and could boost oversight and transparency. The idea comes as OpenAI and others in the field face pressure to show more accountability amid rapid AI rollout.
OpenAI reportedly considers handing 5% sta…
Micron Drops $138 Billion, Extends Slide as Nasdaq-100 Faces Bet on Memory Chips
July 2, 2026, 5:22 AM EDT. Micron Technology shares fell 10.57% to $1,032.28 on July 1, wiping out around $138 billion in market value. The stock had made up 26% of Nasdaq-100 gains in the first half and kept sliding in premarket hours. Prices for DRAM and NAND memory are holding steady, but investors seem cautious after the rally earlier this year. General Motors has struck a long-term chip supply deal with Micron, pointing to steady demand from automakers. Micron’s big share of the index shows traders are rethinking how much is riding on the huge memory chip market.
Micron’s $138B slide puts Nasdaq-100 conce…
VietNam Holding Limited sets July webinar with Craig Martin for sector updates
July 2, 2026, 5:21 AM EDT. VietNam Holding Limited will hold a live webinar on July 3, 2026 at 11am, bringing in Craig Martin as guest. James Carthew and Andrew McHattie are set to host the show, which will run through the latest news and weekly developments for June 2026 in investment companies. The event falls under QuotedData’s Friday series, with investor Q&A and updates. QuotedData supplies free research, performance data, and news on London-listed investment companies, stressing risk reporting and openness. The event is billed as a way for investors to learn more about Vietnam’s market and investment ideas in the sector.
Google's $4.7B EU Antitrust Fine Stands After Top Court Ruling
July 2, 2026, 5:20 AM EDT. The Court of Justice of the European Union upheld the $4.7 billion fine Google faced over anti-competition practices, ending an eight-year fight. The decision leaves the EU’s penalty in place and knocks out Google’s final appeal in the case. Regulators have kept up pressure on big tech as questions over market competition persist.
After eight years, Google loses final appe…
Tamera Mowry-Housley Puts Bay Area House on Market for $2.7M as Napa Project Moves Ahead
July 2, 2026, 5:19 AM EDT. Tamera Mowry-Housley has listed her Bay Area house for $2.7 million. The ‘Sister, Sister’ star says she and her husband are building a new place in Napa Valley. Mowry-Housley is selling as she aims for a ‘dream home’ in wine country.
Tamera Mowry lists Bay Area house for $2.7…
Carlsberg files for India IPO, seeks up to $700 million – Bloomberg
July 2, 2026, 5:09 AM EDT. Carlsberg has filed confidential draft papers for an IPO of its Indian business, planning to raise as much as $700 million, Bloomberg News said Thursday, citing people with knowledge of the deal. Carlsberg is moving to boost its presence in India’s beer market. Details on the deal’s timing and valuation have not been released.
Carlsberg confidentially files for India u…
US Stock Futures Dip as Firm Yields Weigh on Tech Names
July 2, 2026, 5:08 AM EDT.U.S. stock futures moved lower early, with E-mini S&P 500 off 0.3% and Nasdaq 100 futures sliding 0.6% as U.S. 10-year Treasury yields hovered near 4.46%. May job openings came in at a two-year high, pointing to solid hiring and keeping borrowing costs firm, pressuring rate-sensitive sectors like real estate and utilities. Manufacturing in Europe showed some growth, hinting at slow global expansion. Bending Spoons jumped about 40% after a $1.68 billion IPO, while Reddit added nearly 14% on index inclusion. Nebius Group fell 17% on competition worries. Traders turned to defensive stocks as signals stayed mixed and yields remained steady, with global manufacturing and bonds in focus.
US Stock Market Today: S&P 500 Futures Dip…
Smith & Nephew Plc Files for 150,000 New Shares on LSE
July 2, 2026, 5:07 AM EDT. Smith & Nephew Plc has filed for admission of 150,000 new ordinary shares on the London Stock Exchange, all with a nominal value of US20 cents each. The shares are set to start trading on 6 July 2026. The company plans to use the new shares for employee share awards under its share plans. The stock will have the same rights as existing ordinary shares. Smith & Nephew says the move keeps employee incentives in line with shareholders, and does not dilute rights or voting power.
Amazon Leo Satellite Launch Lags FCC Count as Atlas V Ends, 1,220 Short of Target
July 2, 2026, 5:06 AM EDT. Amazon’s plan for a low-Earth-orbit satellite network hit a snag after United Launch Alliance’s last Atlas V 551 launch put up 29 satellites, taking the total to 396. That’s just 24.5% of what the FCC wants by July 30-leaving Amazon 1,220 satellites short of its interim goal of 1,616. With Atlas V retired, Amazon will switch to launches with Vulcan, Ariane 6, Falcon 9, and New Glenn. The FCC offers a grace period for missing milestones, but getting the rest up still carries risk. Amazon’s stock jumped around 1.4% early, with Boeing and Lockheed Martin also higher. ULA said Amazon launches could account for up to half of its commercial work now.
Amazon (NASDAQ:AMZN) Leo launch falls shor…
BlackBerry (TSX:BB) adds Microsoft Teams, Entra ID to AtHoc; shares surge past targets
July 2, 2026, 5:05 AM EDT.BlackBerry (TSX:BB) rolled out new features for its AtHoc crisis management platform, now offering integration with Microsoft Teams and Microsoft Entra ID to boost communication and security during emergencies. The moves push BlackBerry further into the critical event management space as demand for resilient operations climbs. Shares traded at CA$17.91, up 22.5% for the week and 243.1% so far this year, topping analyst expectations by about 56%. The company is looking to drive SaaS growth in enterprise and government with these changes, but investors will be watching how adoption plays out and what management says about the deal. Shares price in a premium, leaving BlackBerry with pressure to turn these product moves into steady revenue.
BlackBerry (TSX:BB) Expands AtHoc With Mic…
US Stock Futures Slip as Higher Yields Linger
July 2, 2026, 5:04 AM EDT. US stock futures moved lower early, with E-mini S&P 500 down about 0.3% and Nasdaq 100 futures off 0.6%. The 10-year Treasury yield stayed near 4.46%, keeping borrowing costs high for households and businesses. Manufacturing numbers out of Europe and Asia pointed to only modest growth, keeping traders cautious. Market focus is on how continued high rates might hit rate-sensitive sectors like real estate and utilities, while more resilient groups like industrials and tech could fare better. Bending Spoons jumped 39.66% after debuting via a $1.68 billion IPO, and Reddit rose 13.93% after getting added to an index. Nebius Group and CoreWeave both fell as they faced tough competition from Meta’s push in cloud and AI. Traders are watching PMIs and yields as the market looks for direction.
US Stock Market Today S&P 500 Futures Slip…
American Airlines (NASDAQ:AAL) Trades Near 52-Week High as Holiday Demand Lifts Shares
July 2, 2026, 5:03 AM EDT. American Airlines (NASDAQ:AAL) edged up 0.44% to finish at $18.15. Shares touched a 52-week high of $18.47 as heavy July 4 travel demand pushed volumes. Bernstein set a target of $23, Bank of America raised to $19, both citing strength in passenger numbers and cheaper fuel. The airline sees 8.1 million flyers over the July holiday, up almost 10% from last year, far above AAA’s expected 0.2% growth for U.S. air travel. The move is in contrast with drops in Delta, United and Southwest. Analysts are split: seven ‘buys’, seven ‘holds’, with the average 12-month target close to current levels, with forecasts resting on demand and fuel cost momentum.
American Airlines (NASDAQ:AAL) trades near…
Burry Ties South Korea Stimulus to Possible End of Market Rally
July 2, 2026, 4:49 AM EDT. Michael Burry, known for “The Big Short,” connected the market jump on Tuesday to South Korea’s big spending plan, but warned this could signal “the beginning of the end.” Burry has a history of calling crises and flagged potential trouble as markets respond to new stimulus.
💬 Money Quote: Burry’s Big Short Gets Bigg…
NVIDIA (NVDA) slips below $200 as sector drops, AI demand worries linger
July 2, 2026, 4:48 AM EDT. NVIDIA Corp (NASDAQ:NVDA) closed down 1.25% at $197.58, slipping under $200 as the Philadelphia Semiconductor Index fell 6.3%. NVIDIA kept its losses smaller than the index but still faced investor worries over AI demand and power use. Meta Platforms (NASDAQ:META) jumped 8.8% on news it plans to sell excess AI computing power, putting more heat on AI hardware players. NVIDIA’s market cap is near $4.82 trillion, so a $1 shift in the share price equals $24.4 billion. Analysts are split-some call it a “screaming buy,” others warn about rising competition in AI capacity. The stock has hovered near $200 for a week straight.
NVIDIA Corporation (NASDAQ:NVDA) stock tes…
Meta Platforms Jumps 8.8% After AI Cloud Service Report; Value Rises $127.6 Billion
July 2, 2026, 4:47 AM EDT. Meta Platforms (NASDAQ:META) shares rallied 8.8% to $612.91 in premarket hours, tacking on about $127.6 billion to its market cap for a new total of $1.572 trillion. Bloomberg News said Meta is set to roll out a new AI cloud compute rental service. The move put pressure on rivals CoreWeave Inc. (NASDAQ:CRWV) and Nebius Group N.V. (NASDAQ:NBIS), which slid 13.9% and 17% as investors saw Meta pushing to use its own AI cloud and cutting outside vendors. The stock’s gain comes to 6.4 times Meta’s first-quarter capex and 10.3 times Q1 free cash flow, as buyers bet on AI infrastructure. Meta also lifted its 2026 capex forecast to $125-$145 billion to ramp up data center buildout with AI demand still climbing. Nasdaq will stay shut July 3 for Independence Day.
Meta Platforms (NASDAQ:META) surge values …
ASX 200 Inches Up as Gold Miners Climb; NAB Gets Upgrade, Wesfarmers Cut
July 2, 2026, 4:34 AM EDT. The ASX 200 finished slightly higher, lifted by a rally in gold stocks. National Australia Bank (NAB) rose after an analyst upgrade improved sentiment for the bank. Wesfarmers (WES) dropped on a downgrade that pointed to near-term worries. Markets showed some caution, but the index still managed a small gain with these moves leading action.
Evening Wrap: ASX 200 sneaks a gain as gol…
UK M&A picks up as buyers hunt British cash flow; AIM sees listings; NSE IPOs debated
July 2, 2026, 4:33 AM EDT. M&A deals in the UK are on the rise as big companies clear out structures and foreign investors chase UK assets for their cash flows, Citi U.K. CEO Tiina Lee said. Deal numbers fell 12% last year but total value still climbed 12% as buyers targeted larger firms. The AIM market at the London Stock Exchange picked up listings from BRCK Group, Caledonian Holdings, and others, giving options for small and growing names. In India, arguments continue around the valuation of NSE’s upcoming IPO with the exchange keeping a tight grip on cash equities and derivatives. Hong Kong has more than 430 mainland Chinese firms stuck in the IPO pipeline while regulatory holdups push some toward expiration.
US Stock Market Today: Live Updates 02.07.…
Dow Futures Slip as Investors Watch for Jobs Report
July 2, 2026, 4:32 AM EDT.Dow futures slipped before the jobs report that investors have been waiting for. The data could move policy bets and send markets in a new direction. Oil prices traded cautiously with nerves showing across risk assets. The S&P 500 and Nasdaq were also under some pressure as traders braced for figures that could shake up thinking on Fed moves and global flows.
Stock Market Today: Dow Futures Slip as In…
LSE Opens Trading for New AIM Securities on July 2, 2026
July 2, 2026, 4:22 AM EDT. The London Stock Exchange listed new securities on its AIM market on July 2, 2026, with the latest additions including 1,024,414 ordinary shares of BRCK Group PLC and 26,010,702 Caledonian Holdings PLC shares admitted under a block admission. Shares from CleanTech Lithium PLC, Galantas Gold Corporation, Microlise Group plc, and MicroSalt plc also joined the board. AIM serves small and growing companies looking for capital. Market Operations has more information.
Large-Cap Moves Drive UK M&A Boom, Says Citi's Lee
July 2, 2026, 4:21 AM EDT. Citi U.K. CEO Tiina Lee called the U.K. M&A market “on fire” as big companies cut complexity and overseas buyers hunt for British assets with solid cash flows. M&A is busy even as IPOs lag. Lee pointed to deals like McCormick buying Unilever’s food unit and Diageo selling off a stake tied to its Indian cricket team. Foreign buyers are active, with 28 deals so far this year. The price gap with the U.S. is luring international interest in established U.K. names. Deal numbers dipped 12% last year, but value jumped 12% as bigger, higher-quality targets took the spotlight. This rise in dealmaking is fueling U.K. markets, even as IPO activity stays low.
M&A is ‘on fire’ as large-cap firms simpli…
NSE IPO: Monopoly, Network Edge Raise Questions on Valuation
July 2, 2026, 4:20 AM EDT. NSE is moving toward its IPO as investors weigh issues on profits and what price to pay. The exchange holds a near-monopoly in India’s cash equities and derivatives, with network effects supporting its big share of market liquidity. Growth is linked to a pick-up in financialisation in India, where investor counts and mutual fund flows are climbing but still trail developed markets. Revenue streams from data, index fees and co-location help stabilize against trading slowdowns. Some analysts say NSE looks set to take a bigger slice of the expanding capital market, pointing to its broad platform and a push to grow overseas.
NSE’s upcoming IPO and its valuation puzzl…
Mainland China Companies Crowd Hong Kong IPO Queue as Filing Expirations Loom
July 2, 2026, 4:18 AM EDT. Over 430 mainland Chinese firms are stuck in Hong Kong’s IPO queue, and more than 30 could see their applications lapse in the next two weeks as a six-month limit comes up. The pileup is the biggest since the March 2023 move that made China Securities Regulatory Commission (CSRC) sign-off a must before listing hearings. Roy Lo at SW Hong Kong said CSRC has sped up approvals for names in national priority sectors like AI, robotics, chips, and biotech. Those missing deadlines have to refresh financials and start over. SW Hong Kong has filed 12 IPOs for clients this year but got just two CSRC green lights. Lo said expired filings aren’t a dead end if a company’s numbers still look solid.
Clogged pipeline: Many Hong Kong IPO hopef…
Dow, S&P 500, Nasdaq Futures Edge Lower With Jobs Report On Deck
July 2, 2026, 4:17 AM EDT. Futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq slipped early Thursday as investors waited for the U.S. jobs report. Traders are taking a cautious stance with Meta, Micron, Intel, and Super Micro among stocks on the move. The focus stays on how this jobs number could steer the Federal Reserve after recent mixed data on jobs and inflation.
Stock Market Today: Dow, S&P 500, Nasdaq S…
U.S. stock futures slip before June jobs data; Tech names still weighed down
July 2, 2026, 4:16 AM EDT. U.S. stock futures traded lower Thursday, with Dow futures down 73 points, or 0.1%. S&P 500 and Nasdaq futures were also in the red. Big tech stocks like Meta, Micron, Intel and Super Micro stayed under pressure. Investors are waiting for the June jobs report this morning, looking for clues on the economy as inflation and Fed rate moves remain in focus. Traders remain cautious, watching the employment numbers for direction on recovery and any hint of monetary policy change.
Stock Market Today: Dow, S&P 500, Nasdaq S…
OpenAI Floats Giving U.S. Government 5% Equity Stake, IPO Pushed Back
July 2, 2026, 4:04 AM EDT. OpenAI CEO Sam Altman pitched a plan to set aside 5% equity from top U.S. AI firms for a government fund, modeled after Alaska’s Permanent Fund, the Financial Times reported. The idea comes as Washington boosts its presence in the sector-last year the government took a 10% stake in Intel. Sources said OpenAI’s IPO is pushed to next year, while Anthropic could list in Q4. Altman’s proposal is part of talks about national security and public returns from AI as the industry faces tighter regulation and export controls. Politicians like Donald Trump and Senator Bernie Sanders are in the mix.
OpenAI Reportedly Floats Giving 5% Stake T…
Coca-Cola Eyes $1 Billion HCCB IPO in India by 2027
July 2, 2026, 4:03 AM EDT. Coca-Cola (KO) is planning an IPO for its Indian bottler Hindustan Coca-Cola Beverages (HCCB) that could bring in roughly $1 billion. The deal, targeted for 2027, could put HCCB’s valuation close to $10 billion. Coca-Cola wants to tap rising demand in India and boost the value of its local business with the listing.
Coca-Cola eyes $1B IPO for India bottling …
Premium Brands Holdings Debentures Get Neutral AI Trading Signals, Buy Zone at 99.91
July 2, 2026, 4:02 AM EDT.Premium Brands Holdings Corporation’s 4.65% convertible unsecured subordinated debentures due April 30, 2025 (PBH.DB.G:CA) picked up neutral ratings for all terms as of July 2, 2026. New AI-generated trading signals show a buy near 99.91 with target at 100.34, stop loss at 99.41. For shorts, the call is to enter near 100.34, looking for 99.91, with stop loss at 100.84. The guidance uses the latest timestamp data for this convertible bond.
(PBH.DB.G) Stock Analysis and Trading Sign…
AI chip stocks tumble, dragging down Asian markets on Thursday
July 2, 2026, 4:01 AM EDT.Asian stock markets fell Thursday as investors cut back semiconductor names over worries about too much AI chip supply from Big Tech. The Kospi slid 5% in South Korea, with SK Hynix dropping almost 8% and Samsung Electronics losing 6%. Japan’s Nikkei 225 dropped 1.5% and Taiwan’s Taiex faded 1.1%. Chip stocks struggled in the US overnight, with Micron Technology off 10%. Hong Kong’s Hang Seng bucked the trend, rising 0.8% after BYD jumped 8.7%. European shares started off unchanged. Oil eased again, trading below where it was before the Iran war. Traders are looking to the June US jobs print, expected to show 115,000 new jobs and expected to steer Fed policy while Kevin Warsh is at the helm.
