TrendHub Magazine’s Comprehensive Daily Briefing on Global Trends [July 13, 2023]

Daily Briefing: In-depth Summary of Top 10 Headlines from Most Popular News

1. U.S. inflation eases to 3.0% in June: The U.S. inflation rate has eased to 3.0% in June, marking a slowdown in price increases. This development could potentially influence the Federal Reserve’s monetary policy decisions and the broader economic outlook.
2. Wall St rallies as cooling inflation eases Fed rate hike fears: Wall Street has rallied as fears of a Federal Reserve rate hike have eased due to cooling inflation. This development could potentially influence investor sentiment and market trends.
3. U.S. stocks are rising after cooler-than-expected inflation stokes rate hopes: U.S. stocks are on the rise as cooler-than-expected inflation has stoked hopes of a rate cut. This development could potentially influence investor sentiment and market trends.
4. U.S. CPI ahead, legal win for Microsoft-Activision deal – what’s moving markets: The upcoming release of U.S. CPI data and a legal win for the Microsoft-Activision deal are influencing the markets. The potential implications of these developments for the markets are not specified in the headline.
5. Dow futures climb strongly after cooler than expected U.S. inflation data: Dow futures have climbed strongly following the release of cooler than expected U.S. inflation data. This development could potentially influence investor sentiment and market trends.
6. Oil prices rise as mild US inflation data calms fear of Fed rate hike: Oil prices have risen as mild U.S. inflation data has calmed fears of a Federal Reserve rate hike. This development could potentially influence the oil market and broader economic trends.
7. 4 big analyst cuts: Coinbase and Redfin trimmed after monster rallies: Analysts have trimmed Coinbase and Redfin following their monster rallies. The potential implications of these analyst cuts for the companies and their stock prices are not specified in the headline.
8. Wall St cheers cool CPI with stock surge, dollar and yield decline: Wall Street is cheering the cool CPI with a stock surge, while the dollar and yield are declining. The potential implications of these developments for the markets are not specified in the headline.
9. 4 big analyst picks: 3M poised for a bevy of positive catalysts, per BofA: According to BofA’s big analyst picks, 3M is poised for a bevy of positive catalysts. The potential implications of these analyst picks for 3M and its stock price are not specified in the headline.
10. Dollar drops to two-month low after U.S. inflation slows: The dollar has dropped to a two-month low following a slowdown in U.S. inflation. This development could potentially influence the forex market and broader economic trends.

Daily Briefing: Cryptocurrency

1. AAVE is up 56% from June lows, DAO expects more revenue in H2 2023: AAVE’s price has increased by 56% since June, and the DAO (Decentralized Autonomous Organization) is anticipating higher revenue in the second half of 2023.
2. AI in healthcare: New tech in diagnosis and patient care: There are advancements in AI technology that are revolutionizing healthcare by improving diagnosis and patient care.
3. Firm managing over $7 trillion in assets buys more bitcoin mining stocks: A company handling assets worth over $7 trillion has purchased additional stocks in bitcoin mining, indicating their growing interest in the cryptocurrency.
4. Ripple CTO Names Deadline for Lawsuit Ruling, ‘Rich Dad’ Author Gives BTC New Prediction, Bank of England Head Slams Bitcoin: Crypto News Digest by U.Today: Ripple’s CTO sets a deadline for a lawsuit ruling, the author of ‘Rich Dad’ offers a new prediction for BTC, and the head of the Bank of England criticizes Bitcoin. These highlights are from the Crypto News Digest by U.Today.
5. US Senate Finance Committee asks digital asset community how to tax it in open letter: The US Senate Finance Committee has issued an open letter to the digital asset community, seeking input on how to approach taxation in this sector.
6. European Banking Authority calls for early adoption of stablecoin standards: The European Banking Authority is urging the early implementation of stablecoin standards, indicating the importance of establishing guidelines for this type of cryptocurrency.
7. Bitcoin Bear Market Over, Here Are Signs: Source: According to a source, the Bitcoin bear market is over, and there are specific signs indicating this positive shift in the market.
8. Ethereum TPS boost? Starknet ‘Quantum Leap’ goes live: Starknet’s ‘Quantum Leap’ update has been launched, potentially providing a significant boost to Ethereum’s transaction processing speed (TPS).
9. South Korea to ask firms to disclose crypto holdings from 2024: Starting in 2024, South Korea will require companies to disclose their cryptocurrency holdings, indicating a move towards increased transparency in the crypto industry.
10. Crypto High Risk Appetite Noticed Among Investors as They Convert Stablecoins Fast Now: Investors are exhibiting a high-risk appetite in the crypto market, as they are quickly converting stablecoins into riskier assets.

Daily Briefing: Stock Market News

1. Elon Musk launches artificial intelligence firm xAI: Elon Musk, the renowned entrepreneur, has recently launched xAI, an artificial intelligence firm. The firm aims to revolutionize the AI industry by developing advanced technologies and applications.
2. Texas defers decision on EV charging funds amid industry pushback on Tesla plugs – sources: According to sources, Texas has decided to defer its decision on electric vehicle (EV) charging funds due to industry pushback regarding Tesla plugs. The decision has been postponed to address concerns and ensure fair representation of all stakeholders.
3. Explainer-Why is the U.S. SEC reforming money market funds?: The U.S. Securities and Exchange Commission (SEC) is currently reforming money market funds. This explainer aims to shed light on the reasons behind this reform, including enhancing investor protection, improving market stability, and addressing potential risks.
4. Chinese hackers accessed US government emails, Microsoft and US say: Microsoft and U.S. officials have confirmed that Chinese hackers have gained unauthorized access to U.S. government emails. This breach raises concerns about cybersecurity and highlights the need for robust measures to protect sensitive information.
5. Domino’s to start using Uber for food orders, shares surge: Domino’s, the popular pizza chain, has announced its partnership with Uber for food orders. This collaboration has led to a surge in Domino’s shares, indicating investor confidence in the potential benefits of this strategic alliance.
6. Israel stocks higher at close of trade; TA 35 up 1.97%: At the close of trade, Israel stocks showed a positive trend, with the TA 35 index recording a significant increase of 1.97%. This upward movement reflects a favorable market sentiment and may indicate positive economic prospects.
7. European shares jump as cooling US inflation boosts rate pause bets: European shares experienced a notable jump as the cooling U.S. inflation rate increased expectations of a pause in interest rate hikes. This development has positively impacted investor sentiment and contributed to the overall market upswing.
8. Tesla says Model 3 consumer tax credits likely to be reduced after Dec.31: Tesla has recently stated that consumer tax credits for the Model 3 are expected to be reduced after December 31. This announcement highlights the importance of timely purchases for potential buyers aiming to benefit from the current tax credit scheme.
9. Wall St rallies as cooling inflation eases Fed rate hike fears: Wall Street witnessed a rally as the cooling inflation rate eased fears of a Federal Reserve rate hike. This positive development has instilled confidence in investors, resulting in a surge in market performance.
10. Broadcom’s $61 billion VMware deal wins conditional EU antitrust OK: Broadcom’s $61 billion deal with VMware has received conditional approval from the European Union’s antitrust authority. This decision paves the way for the completion of the deal, subject to the fulfillment of certain conditions.

Daily Briefing: Economic Indicators News

1. US economy shifts into disinflation mode; consumer prices rise modestly: The US economy is transitioning into a disinflation phase, characterized by a slowing rate of inflation. Despite this, consumer prices have seen a modest increase.
2. India’s retail inflation rises more than expected in June on higher food prices: In India, retail inflation has risen more than anticipated in June, primarily driven by an increase in food prices.
3. U.S. inflation eases to 3.0% in June: The rate of inflation in the U.S. has eased to 3.0% in June, indicating a slowdown in the rate at which the general level of prices for goods and services is rising.
4. Instant View: US June CPI a welcome disinflation signal for Fed: The Consumer Price Index (CPI) for June in the U.S. signals a move towards disinflation, which is likely to be welcomed by the Federal Reserve as it seeks to manage economic stability.
5. Ghana inflation edges up to 42.5% in annual terms in June: In Ghana, the rate of inflation has edged up to 42.5% in annual terms in June, indicating a significant increase in the general price level of goods and services.
6. China’s export slide to steepen in June, imports seen down: Reuters poll: According to a Reuters poll, China’s export slide is expected to steepen in June, and imports are also predicted to decrease, indicating potential shifts in trade dynamics.
7. Japan households’ inflation expectations rise, keep pressure on BOJ: In Japan, household inflation expectations are rising, maintaining pressure on the Bank of Japan (BOJ) as it navigates monetary policy decisions.
8. Back-to-school spending set for first decline in nine years as inflation bites – report: A report suggests that back-to-school spending is set to experience its first decline in nine years due to the impact of inflation, highlighting the real-world effects of economic trends.
9. Japan’s wholesale inflation slows for 6th straight month: In Japan, wholesale inflation has slowed for the sixth consecutive month, indicating a continued trend of disinflation in the wholesale market.
10. Argentina’s monthly inflation rate seen slowing to 7% in June: Argentina’s monthly inflation rate is expected to slow to 7% in June, suggesting a deceleration in the rate of price increases.

Daily Briefing: Economy News

1. Germany plans to offer companies $6.6 billion a year in tax relief: Germany has announced plans to provide tax relief to companies, amounting to $6.6 billion per year. This move aims to support companies and stimulate economic growth in Germany.
2. Chile govt lowers forecast for 2023 economic growth: The Chilean government has revised its forecast for economic growth in 2023. The forecast has been lowered, indicating a less optimistic outlook. The reason behind this revision could be attributed to various economic factors.
3. Bank of Canada hikes rates, says prepared to raise them further: The Bank of Canada has decided to increase interest rates. Furthermore, the bank has expressed its readiness to raise rates even further. This decision is likely driven by factors such as inflation concerns or economic indicators.
4. Russian consumer inflation accelerates again in June: Consumer inflation in Russia has experienced another acceleration in June. This acceleration is significant as it indicates a potential impact on the economy and consumers. Factors such as rising prices of goods or changes in government policies could be contributing to this inflationary trend.
5. Global public debt hits record $92 trillion – UN report: A recent UN report has revealed a significant milestone in global public debt, which has hit a record-breaking amount of $92 trillion. This high level of debt could have serious implications on the global economy and pose potential challenges.
6. Leveraged bets in US Treasury market could ‘amplify’ stress, BoE warns: The Bank of England (BoE) has issued a warning regarding leveraged bets in the US Treasury market. The BoE is concerned that these leveraged bets could exacerbate stress in the market, potentially impacting financial stability.
7. Analysis-Banks step up U.S property loan tweaks to limit defaults: Banks are taking proactive measures in the US property loan market. These measures aim to limit defaults, indicating a focus on risk management. Banks are making specific tweaks or adjustments to achieve this objective.
8. UK economy shows strains and gains, complicating BoE’s job: The UK economy is experiencing both strains and gains. This mixed performance is posing challenges for the Bank of England (BoE). Specific strains and gains, such as economic indicators or factors impacting the UK economy, are being closely monitored.
9. Pakistan optimistic of securing IMF approval for $3 billion bailout: Pakistan is optimistic about obtaining approval from the International Monetary Fund (IMF) for a $3 billion bailout. This approval is significant for Pakistan’s economic stability and could have potential implications for the country.
10. UAE gives $1 billion in reserve support to Pakistan: The United Arab Emirates (UAE) has provided reserve support to Pakistan, amounting to $1 billion. This support is significant for Pakistan’s economy and could have potential implications for the country’s financial stability.

Daily Briefing: World News

1. Russian spy chief says he spoke to CIA boss about ‘what to do with Ukraine’: The Russian spy chief has admitted to having discussions with the CIA boss regarding the situation in Ukraine. This revelation is significant in the context of the ongoing crisis in Ukraine, and it underscores the high-level dialogues taking place behind the scenes.
2. Explainer-Charting the Fed’s policy path: This article provides an explanation of the Federal Reserve’s policy path. It offers a concise overview of the factors and considerations that influence the Fed’s decision-making process, helping readers understand the complexities of monetary policy.
3. Biden ‘looks forward’ to Ukraine NATO membership, just not now: President Biden has expressed his support for Ukraine’s eventual membership in NATO, but he believes the timing is not right at the moment. This stance reflects the delicate balance of geopolitical considerations involved in Ukraine’s NATO aspirations.
4. Wanted Hong Kong activist fears for safety, hopes for U.S. asylum: A wanted activist from Hong Kong is fearing for their safety and hoping to seek asylum in the United States. This situation highlights the personal risks faced by activists and the potential refuge offered by asylum policies.
5. NATO allies offer security assurances for Ukraine on path to membership: NATO allies have offered security assurances to Ukraine as it seeks membership in the alliance. These assurances are significant in strengthening Ukraine’s position and deterring potential aggression.
6. Colombia says deforestation fell 29% in 2022: Colombia has made significant progress in combating deforestation, with a 29% reduction in deforestation rates in 2022. This achievement showcases the country’s commitment to environmental conservation.
7. Russian defence ministry says Wagner is completing handover of its weapons: The Russian defence ministry has announced that the Wagner group is in the process of handing over its weapons. This development has implications for the ongoing conflict and peace efforts.
8. Senators offer bill to block any U.S. president from leaving NATO: Senators have introduced a bill to prevent any U.S. president from withdrawing from NATO. This bill is significant in ensuring the continued U.S. commitment to the alliance.
9. Italy’s Meloni to meet President Biden later this month: Italy’s Meloni is set to meet with President Biden later this month. This meeting is significant in fostering bilateral relations and addressing shared priorities.
10. With Trump way ahead in 2024 Republican polls, Iowa becomes do-or-die for DeSantis: The Iowa caucus is of high importance for Republican candidate DeSantis, given Trump’s strong position in the 2024 polls. A victory in Iowa is crucial for DeSantis to secure his standing in the race.

Daily Briefing: Politics News

1. US Senate panel rips into Saudi involvement in PGA Tour-LIV Golf tie-up: A US Senate panel has strongly criticized Saudi involvement in the PGA Tour-LIV Golf tie-up. The panel’s remarks were highly negative, highlighting concerns and raising questions about the involvement. This criticism holds significant implications for the future of the partnership.
2. Biden’s approval rating lingers at 40%, economy remains top worry -Reuters/Ipsos: President Biden’s approval rating remains at 40%, indicating a lack of significant improvement. The economy continues to be a top worry for the public. These findings, reported by Reuters/Ipsos, shed light on the current state of public opinion.
3. US says it no longer deems Donald Trump immune from E. Jean Carroll lawsuit: The US government has announced that it no longer considers Donald Trump immune from the E. Jean Carroll lawsuit. This change in stance holds significant implications for the legal proceedings and potential outcomes of the case.
4. Iowa legislature passes six-week abortion ban in special session: The Iowa legislature has passed a six-week abortion ban during a special session. This new legislation imposes significant restrictions on access to abortion in the state, sparking debates and concerns about reproductive rights.
5. Republican lawmaker blasts State Dept response on US envoy for Iran: A Republican lawmaker has strongly criticized the State Department’s response regarding the US envoy for Iran. The lawmaker expressed dissatisfaction with the response, highlighting concerns and raising questions about the department’s handling of the situation.
6. Senate Republican Tuberville calls white nationalists racist after taking heat: Senate Republican Tuberville has called white nationalists racist in a recent statement. This comment comes in response to criticism and holds significant implications for discussions around racism and extremism within political circles.
7. Biden’s pick for top U.S. general warns on Republican blocking promotions: President Biden’s pick for top U.S. general has issued a warning regarding Republican blocking of promotions. This obstruction raises concerns about the efficiency and effectiveness of the military, potentially impacting the readiness and advancement of personnel.
8. Trump seeks to delay trial in classified documents case: Former President Trump is seeking to delay a trial in a classified documents case. This move raises questions about the progress of the legal proceedings and the potential impact on the release of information and the pursuit of justice.
9. US lawmakers consider changes to TikTok crackdown bill -senator: US lawmakers are currently considering changes to a TikTok crackdown bill, according to a senator. These potential modifications raise questions about the future of the legislation and its impact on the regulation of social media platforms.
10. U.S. Marine Corps in historic leadership limbo due to Republican block: The U.S. Marine Corps is currently facing a historic leadership limbo due to Republican obstruction. This blockage raises concerns about the stability and effectiveness of the Marine Corps, potentially impacting its ability to fulfill its duties and responsibilities.

Daily Briefing: Commodities & Futures News

1. Oil prices rise as mild US inflation data calms fear of Fed rate hike: Oil prices have seen an increase as mild US inflation data has eased concerns about a potential Federal Reserve rate hike. This development suggests a more stable economic outlook, which could have implications for future oil prices.
2. U.S. crude stocks jump almost 6M bbls last week; Most in 4 Weeks – EIA: According to the Energy Information Administration (EIA), US crude stocks have jumped by nearly 6 million barrels last week, marking the most significant increase in the past four weeks. This surge in crude stocks could influence oil prices and market trends.
3. Texas power demand misses record, but more highs seen in heatwave: While Texas power demand has fallen short of a record, the ongoing heatwave is expected to bring more highs. This situation highlights the impact of extreme weather conditions on energy demand and the challenges of managing power supply during such events.
4. Oil rises as dollar slides before CPI data, Brent nears $80: Oil prices have risen as the dollar weakens ahead of the release of Consumer Price Index (CPI) data. Meanwhile, Brent crude is nearing $80. These trends underscore the interplay between currency values, economic indicators, and commodity prices.
5. Gold prices rise as Fed fears ease ahead of CPI report: Gold prices have increased as concerns about the Federal Reserve have eased before the release of the CPI report. This development suggests that market sentiment towards gold could be influenced by monetary policy expectations and economic data.
6. US climate envoy John Kerry to travel to China next week: US climate envoy John Kerry is set to travel to China next week. This upcoming trip could have significant implications for US-China relations and international efforts to address climate change.
7. U.S. crude stocks likely up 3M barrels last week – API: According to the American Petroleum Institute (API), US crude stocks are likely to have increased by 3 million barrels last week. This expected increase could influence oil market trends and pricing.
8. US welcomes Iraq, TotalEnergies’ massive oil, gas and renewables deal: The US has welcomed a significant oil, gas, and renewables deal between Iraq and TotalEnergies. This development could have implications for global energy markets and the transition towards renewable energy.
9. Biden admin targets use of climate-warming industrial gases: The Biden administration is aiming to address the use of climate-warming industrial gases. This initiative is part of broader efforts to combat climate change and could influence industrial practices and regulations.
10. Oil settles up 2% at 10-week high on weaker US dollar, rising demand forecasts: Oil prices have settled 2% higher, reaching a 10-week high due to a weaker US dollar and increasing demand forecasts. This trend highlights the factors influencing oil prices, including currency values and demand expectations.