BESSENT SAYS CHINA REMAINS IRAN'S ONLY OIL BUYER U.S. Treasury Secretary Scott Bessent said China remains the only major buyer of Iranian oil, while other countries are avoiding purchases over fears U.S. sanctions could return. He said this gives Tehran an incentive to negotiate with Washington, with the next round of U.S.-Iran talks expected to take place in Doha. *Walter Bloomberg (@DeItaone) / Twitter · 06-30 21:38
YEN HITS 40-YEAR LOW AS INTERVENTION FEARS GROW The Japanese yen fell to its weakest level since 1986, fueling expectations of possible government intervention. China’s stronger-than-expected factory data helped steady the yuan and supported regional sentiment. The U.S. dollar remained firm ahead of Thursday’s payrolls report and potential U.S.-Iran talks, while most Asian currencies traded in narrow ranges. *Walter Bloomberg (@DeItaone) / Twitter · 06-30 19:29
NASDAQ SURGES TOWARD 20% QUARTERLY GAIN U.S. stocks are set to end the quarter on a high, with futures pointing higher. The S&P 500 is up 14%, while the Nasdaq has surged 20%—its strongest quarter since 2020—despite recent volatility. Markets are also watching U.S.-Iran talks in Qatar, while oil remains steady. Meanwhile, the Japanese yen is near a 40-year low, keeping traders alert for possible intervention. *Walter Bloomberg (@DeItaone) / Twitter · 06-30 19:27