TrendHub Magazine’s Comprehensive Daily Briefing on Global Trends [July 14, 2023]

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

1. U.S. stocks are rising after another report showing cooling inflation: U.S. stocks are on an upward trajectory following another report that indicates a cooling inflation trend. This development suggests a more stable economic outlook, which could have implications for future market trends.
2. Dollar nosedives as US producer price inflation eases in June: The dollar has taken a plunge as U.S. producer price inflation eases in June. This trend underscores the impact of inflation dynamics on currency values and could influence future monetary policy decisions.
3. U.S. PPI ahead, China trade data disappoints – what’s moving markets: Markets are reacting to the upcoming U.S. Producer Price Index (PPI) and disappointing trade data from China. These developments highlight the influence of economic indicators on market movements.
4. U.S. PPI cools to 0.1% in June: The U.S. PPI has cooled to 0.1% in June. This development suggests a slowdown in price increases at the producer level, which could have implications for inflation trends and monetary policy.
5. Oil prices up, hit nearly 3-month high as US inflation eases: Oil prices have surged to almost a 3-month high as U.S. inflation eases. This trend underscores the interplay between inflation dynamics and commodity prices.
6. Wall St rises on signs of disinflation: Wall Street is on the rise following signs of disinflation. This development suggests that lower inflation could support stock market performance.
7. Dow futures rise after PPI data; PepsiCo lifts FY forecast: Dow futures are climbing following the release of PPI data. In addition, PepsiCo has raised its forecast for the fiscal year, suggesting a positive outlook for the company.
8. Cooler inflation keeps stocks up, dollar and yields down: Stocks are remaining up, while the dollar and yields are declining due to cooler inflation. This trend highlights the influence of inflation dynamics on various aspects of the financial markets.
9. PepsiCo, Walt Disney, Delta rise premarket; Carvana, Coinbase SoFi fall: PepsiCo, Walt Disney, and Delta are on the rise in premarket trading, while Carvana, Coinbase, and SoFi are on the decline. These movements underscore the dynamic nature of the stock market.
10. Stock market today: Dow ends higher as big tech reigns supreme on easing inflation: The Dow has closed higher as big tech dominates amidst easing inflation. This development suggests that tech stocks could continue to perform well in the current economic environment.

Daily Briefing: Cryptocurrency

1. Ripple Token Is A Security In Institutional Sales, Judge Rules – Bloomberg: A judge has ruled that the Ripple token is a security in institutional sales. This decision could have significant implications for the regulatory status of Ripple and other cryptocurrencies.
2. Bitcoin Hits High, Up 1.6% at $30,800: Bitcoin has reached a new high, increasing by 1.6% to reach $30,800. This development underscores the continued volatility and potential for growth in the cryptocurrency market.
3. Thousands of Ethereum (ETH) Left Major Exchange: Here’s Who’s Behind Move: Thousands of Ethereum (ETH) tokens have left a major exchange. The identity of the individual or group behind this move remains unknown, highlighting the often opaque nature of cryptocurrency transactions.
4. XRP Climbs 11% As Investors Gain Confidence: XRP, the cryptocurrency associated with Ripple, has climbed by 11% as investor confidence grows. This trend suggests a positive outlook for XRP and potentially other cryptocurrencies.
5. USB keystroke injectors still a threat to crypto users: USB keystroke injectors remain a threat to cryptocurrency users. These devices can be used to steal sensitive information, underscoring the importance of cybersecurity in the cryptocurrency space.
6. Founder of crypto lender Celsius Network arrested, charged with fraud: The founder of the Celsius Network, a cryptocurrency lending platform, has been arrested and charged with fraud. This development highlights the potential risks and regulatory challenges associated with the cryptocurrency industry.
7. Bitget reserves top $1.44B, claims to be debt free: Bitget, a cryptocurrency exchange, has reserves topping $1.44 billion and claims to be debt-free. This announcement could boost confidence in the exchange and the wider cryptocurrency market.
8. Bankrupt crypto lender Celsius barred from trading, fined $4.7 billion by FTC: The Celsius Network, a bankrupt cryptocurrency lender, has been barred from trading and fined $4.7 billion by the Federal Trade Commission. This development underscores the regulatory risks associated with the cryptocurrency industry.
9. US SEC files lawsuit against Celsius and Alex Mashinsky: The U.S. Securities and Exchange Commission has filed a lawsuit against the Celsius Network and its founder, Alex Mashinsky. This lawsuit could have significant implications for the regulatory landscape of the cryptocurrency industry.
10. Ripple Ally Final Judgment Out, Bitcoin Bear Market Over, Shibarium Utility Soars to New All-Time High: Crypto News Digest by U.Today: A final judgment has been issued in a case involving Ripple, the bear market for Bitcoin is reportedly over, and the utility of Shibarium has reached a new all-time high, according to a news digest by U.Today.

Daily Briefing: Stock Market News

1. FTC chair called a ‘disaster’ as lawmakers battle over her tenure: The tenure of the FTC chair is under scrutiny as lawmakers engage in a heated debate over her performance. Critics have labeled her tenure a ‘disaster’, pointing to a series of controversial decisions and policies.
2. Chinese property developer Guangzhou R&F faces bankruptcy restructure demand: Guangzhou R&F, a major Chinese property developer, is facing demands for bankruptcy restructuring. This development underscores the challenges facing China’s real estate sector amid a broader economic slowdown.
3. Cooler inflation keeps stocks up, dollar and yields down: Cooler inflation has had a positive impact on the stock market, while putting downward pressure on the dollar and yields. This trend reflects the complex interplay between inflation, market dynamics, and monetary policy.
4. Goldman Sachs offloads $1 billion of Marcus loans to Varde -source: Goldman Sachs has reportedly sold $1 billion of Marcus loans to Varde. This move could be part of a broader strategy to manage risk and optimize the bank’s loan portfolio.
5. U.S. judge says SEC lawsuit vs Ripple Labs can proceed to trial on some claims: A U.S. judge has ruled that the SEC’s lawsuit against Ripple Labs can proceed to trial on certain claims. This decision could have significant implications for Ripple Labs and the broader cryptocurrency industry.
6. Disney wants to keep ESPN, could offload some traditional TV assets – Iger: Disney is reportedly planning to retain ESPN while potentially selling off some of its traditional TV assets, according to comments made by Iger. This strategy could reflect the changing dynamics of the media landscape.
7. Angelo Gordon-backed REIT in $300 million bid for Western Asset Mortgage: A REIT backed by Angelo Gordon has made a $300 million bid for Western Asset Mortgage. This move could signal confidence in the potential value and performance of Western Asset Mortgage.
8. VinFast’s SPAC partner for US listing extends its lifespan by one year: VinFast’s SPAC partner for a US listing has extended its lifespan by one year. This decision could provide more time for the company to achieve its strategic objectives and enhance its market position.
9. Former executives at Frank college aid startup plead not guilty to JPMorgan fraud: Former executives at Frank, a college aid startup, have pleaded not guilty to charges of fraud involving JPMorgan. This case highlights the potential legal risks associated with startup operations and financial transactions.
10. Top US sanctions architect to lead Treasury’s financial crimes team -Yellen: A top architect of U.S. sanctions has been appointed to lead the Treasury’s financial crimes team, according to an announcement by Yellen. This appointment could signal a more aggressive approach to tackling financial crimes.

Daily Briefing: Economic Indicators News

1. Nigeria’s Tinubu seeks lawmakers approval for $800 million World Bank loan: Nigerian politician Tinubu is requesting approval from lawmakers for a $800 million loan from the World Bank. This move is seen as a part of efforts to bolster the country’s economy and address pressing financial needs.
2. US producer inflation muted in June; weekly jobless claims fall: In June, US producer inflation remained low, indicating a stable economic environment. Additionally, there was a decrease in weekly jobless claims, suggesting improvements in the job market and potentially leading to increased consumer spending.
3. Argentina’s economic woes spark ‘supermarket tourism’ from neighbors: Argentina’s economic difficulties have led to a unique phenomenon – ‘supermarket tourism’. Neighboring countries are taking advantage of lower prices in Argentina, crossing borders to do their shopping and save money.
4. U.S. PPI cools to 0.1% in June: The US Producer Price Index (PPI), a key indicator of inflation trends, experienced a cooling down to 0.1% in June. This suggests that inflation pressures may be easing, which could influence future monetary policy decisions.
5. Small business distress index hits mid-2020 high: The distress index for small businesses, which measures the financial strain on this sector, has reached its highest point since mid-2020. This indicates that small businesses are facing significant challenges, which could impact overall economic recovery efforts.
6. Fragile UK economy set to dodge recession for now: Despite its fragility, the UK economy is expected to avoid a recession for the time being. This suggests that the country’s economic policies and recovery efforts may be having a positive impact.
7. China’s exports fall most in three years as global economy falters: As the global economy struggles, China’s exports have experienced the largest decline in three years. This could have significant implications for global supply chains and economic recovery efforts.
8. China’s Q2 GDP seen rising 7.3% y/y but on low base, recovery fades: Reuters poll: According to a Reuters poll, China’s second-quarter GDP is projected to increase by 7.3% year-on-year. However, this growth is on a low base, and the recovery is fading, indicating potential challenges ahead for the world’s second-largest economy.
9. China’s exports, imports decline through June as economy struggles: China’s exports and imports have declined throughout June as the economy continues to face challenges. This trend could impact global trade dynamics and economic recovery efforts.
10. UK buyers retreat from housing market, further slowdown seen – RICS: According to the Royal Institution of Chartered Surveyors (RICS), buyers in the UK are pulling back from the housing market. This retreat indicates a potential further slowdown in the housing market, which could impact the broader economy.

Daily Briefing: Economy News

1. Kenya opposition calls for third anti-tax protest on July 19: The opposition in Kenya is rallying for a third anti-tax protest, scheduled for July 19. This move underscores the ongoing political tension in the country, as the opposition continues to challenge the government’s tax policies.
2. Argentines tighten wallets to fight spiraling inflation: As Argentina grapples with spiraling inflation, citizens are tightening their wallets in an effort to cope. This trend reflects the economic hardship faced by many Argentines, as the country’s inflation rate continues to rise.
3. US Fed’s Daly says rate hikes essential to bring down prices: US Federal Reserve official Daly has stated that rate hikes are essential to bring down prices. This comment suggests that the Federal Reserve may be considering tightening monetary policy in response to inflationary pressures.
4. IMF says China growth slowing after strong Q1 reopening: The International Monetary Fund (IMF) has reported that China’s economic growth is slowing, following a strong first quarter. This indicates that the initial surge in activity following the country’s reopening may be tapering off.
5. Hybrid-work trend may wipe out $800 billion from office property values by 2030 – McKinsey study: A study by McKinsey suggests that the trend towards hybrid work could lead to a $800 billion reduction in office property values by 2030. This highlights the potential long-term impacts of the shift towards remote and flexible work arrangements.
6. Exxon’s $4.9 billion Denbury deal boosts energy transition plans: Exxon’s $4.9 billion deal with Denbury is set to boost the company’s energy transition plans. This deal underscores Exxon’s commitment to transitioning towards more sustainable energy sources.
7. Column-Fed’s rate hike lags are about to bite: McGeever: In a column, McGeever warns that the lag in the Federal Reserve’s rate hikes is about to have consequences. This suggests that the delayed response to inflationary pressures could lead to economic challenges.
8. Brazil economic team supports interest rate cut of more than 25bps: Brazil’s economic team has expressed support for an interest rate cut of more than 25 basis points. This move indicates a policy shift aimed at stimulating the country’s economy.
9. Associated Press, OpenAI partner to explore generative AI use in news: The Associated Press and OpenAI are partnering to explore the use of generative AI in news production. This collaboration could lead to innovative approaches to news generation and distribution.
10. Amazon’s ‘biggest ever’ Prime Day boosts US online sales to $12.7 billion: Amazon’s ‘biggest ever’ Prime Day event has boosted US online sales to $12.7 billion. This record-breaking event underscores the growing dominance of e-commerce in the retail sector.

Daily Briefing: World News

1. Russian general says top military brass betrayed soldiers fighting in Ukraine: A Russian general has accused the country’s top military brass of betraying soldiers fighting in Ukraine. This accusation underscores the deep divisions within Russia’s military establishment over the country’s involvement in the Ukraine conflict.
2. Germany’s first China strategy is vocal on risks, short on policy: Germany has announced its first China strategy, which is vocal about the risks associated with China but short on concrete policy details. This strategy reflects Germany’s cautious approach to managing its relationship with China.
3. Guatemala prosecutors raid registration office in membership probe of anti-graft party: Prosecutors in Guatemala have raided the registration office of an anti-graft party as part of a membership probe. This raid highlights the ongoing political tensions in Guatemala, particularly around issues of corruption and governance.
4. U.S. Justice Department launches civil rights probe into Atlanta-area jail: The U.S. Justice Department has launched a civil rights probe into an Atlanta-area jail. This investigation underscores the ongoing concerns about civil rights violations within the U.S. prison system.
5. Brawl erupts at Kosovo parliament after lawmaker throws water on PM: A brawl has erupted at the Kosovo parliament after a lawmaker threw water on the Prime Minister. This incident underscores the high levels of political tension within the country.
6. Biden urges Republicans to stand up against senator’s military holds: U.S. President Joe Biden has urged Republicans to stand up against a senator’s military holds. This call reflects the ongoing political divisions in the U.S., particularly around issues of military policy and spending.
7. Ukraine won military aid pledges worth 1.5 billion euros this week – minister: Ukraine has secured military aid pledges worth 1.5 billion euros this week, according to a minister. This development underscores the international community’s ongoing support for Ukraine amid the country’s conflict with Russia.
8. North Korea to make rare statement at UN Security Council: North Korea is set to make a rare statement at the UN Security Council. This planned statement highlights the ongoing international concern about North Korea’s nuclear program and its implications for global security.
9. Russian shelling kills three in Ukraine, Kyiv attacked overnight: Russian shelling has killed three people in Ukraine, and Kyiv was attacked overnight. These incidents underscore the ongoing violence and instability in Ukraine, despite international efforts to resolve the conflict.
10. Congo opposition spokesman shot dead months before election: An opposition spokesman in Congo has been shot dead months before the country’s election. This assassination underscores the high levels of political violence and instability in Congo, particularly in the lead-up to the country’s elections.

Daily Briefing: Politics News

1. Biden says ‘I absolutely guarantee’ U.S. commitment to NATO: President Biden has made a strong statement regarding the United States’ commitment to NATO. He emphasized his guarantee of this commitment, reinforcing the importance of the alliance and signaling a continued partnership with NATO.
2. FBI chief Wray defends against US House Republicans’ accusations: FBI Director Christopher Wray has defended himself against accusations made by House Republicans. Wray responded to the accusations, providing a strong defense of his actions and the FBI’s integrity, demonstrating his commitment to transparency and accountability within the FBI.
3. Senators offer bill to block any U.S. president from leaving NATO: A group of senators has introduced a bill aimed at preventing any U.S. president from withdrawing from NATO. The bill seeks to reinforce the United States’ commitment to the alliance and ensure its continuity, reflecting bipartisan efforts to safeguard the United States’ involvement in NATO.
4. Biden’s NSA nominee defends collecting data on foreigners and Americans alike: President Biden’s nominee for National Security Agency (NSA) has defended the collection of data on both foreigners and Americans. The nominee emphasized the importance of gathering intelligence to protect national security interests, addressing concerns regarding privacy and civil liberties.
5. Biden administration water cybersecurity plan temporarily blocked: The Biden administration’s plan for water cybersecurity has been temporarily blocked. The plan aimed to enhance cybersecurity measures for water infrastructure across the United States. The delay underscores the importance of addressing cybersecurity vulnerabilities in critical infrastructure.
6. Biden to host Italian PM Meloni at White House on July 27: President Biden will be hosting Italian Prime Minister Meloni at the White House on July 27. The meeting aims to strengthen the relationship between the United States and Italy, reflecting the importance of diplomatic engagements and cooperation between the two countries.
7. Iowa legislature passes six-week abortion ban in special session: The Iowa legislature has passed a six-week abortion ban during a special session. The ban prohibits abortions after six weeks of pregnancy, with limited exceptions. The passing of this legislation reflects ongoing debates surrounding abortion rights and restrictions.
8. Biden ‘looks forward’ to Ukraine NATO membership, just not now: President Biden has expressed his support for Ukraine’s NATO membership in the future. However, Biden emphasized that the timing for Ukraine’s membership is not immediate, reflecting the complex geopolitical dynamics surrounding Ukraine’s relationship with NATO and Russia.
9. US Senate panel rips into Saudi involvement in PGA Tour-LIV Golf tie-up: A US Senate panel has strongly criticized Saudi Arabia’s involvement in the PGA Tour-LIV Golf partnership. The panel raised concerns about Saudi Arabia’s human rights record and its use of sports events for reputation-building purposes, highlighting the need for transparency and accountability in international sports partnerships.

Daily Briefing: Commodities & Futures News

1. Nearly 100 US lawmakers urge EPA to finalize tougher vehicle emissions cuts: A group of nearly 100 US lawmakers is urging the Environmental Protection Agency (EPA) to finalize stricter vehicle emissions standards. The lawmakers argue that tougher regulations are necessary to combat climate change and improve air quality. The proposed standards, which are currently under review, could significantly reduce greenhouse gas emissions from vehicles, one of the major sources of such emissions in the US.
2. Oil prices up, hit nearly 3-month high as US inflation eases: Oil prices have reached a nearly three-month high as US inflation begins to ease. The easing inflation has led to a weaker dollar, making oil cheaper for holders of other currencies and driving up demand. The rise in oil prices reflects the market’s response to these macroeconomic trends, highlighting the interconnectedness of global financial markets.
3. World Court rejects Nicaragua claims in maritime border dispute with Colombia: The International Court of Justice (ICJ) has rejected claims by Nicaragua in a maritime border dispute with Colombia. The dispute involves potentially resource-rich areas of the Caribbean Sea. The ICJ’s decision is a significant development in this long-standing dispute and could have implications for international maritime law and regional relations.
4. EU helping UN, Turkey in bid to extend Black Sea grain deal: The European Union (EU) is assisting the United Nations (UN) and Turkey in efforts to extend a grain deal in the Black Sea region. The deal, which involves the supply of grain from countries such as Russia and Ukraine to global markets, is crucial for global food security. The EU’s involvement underscores its commitment to supporting agricultural trade and food security.
5. Crude oil stabilizes after soft U.S. PPI data: Crude oil prices have stabilized following the release of softer-than-expected U.S. Producer Price Index (PPI) data. The PPI data, which measures average changes in selling prices received by domestic producers for their output, is a key indicator of inflation trends. The soft data suggests slower inflation, which could influence the Federal Reserve’s monetary policy decisions.
6. Exclusive-Ivory Coast halts cocoa forward sales as rains hit production: The Ivory Coast, the world’s largest cocoa producer, has suspended forward sales of its cocoa crop due to heavy rains that have disrupted production. The decision could have significant implications for the global cocoa market, potentially leading to higher prices and supply shortages.
7. Russia’s Lavrov: I have not heard new proposals on Black Sea grain deal: Russian Foreign Minister Sergey Lavrov has stated that he has not heard any new proposals regarding the Black Sea grain deal. The deal, which involves the supply of grain from Black Sea region countries to global markets, is crucial for global food security. Lavrov’s statement suggests that negotiations on the deal’s future are ongoing.
8. Shanghai Futures Exchange targets commodity storage outside China – sources: The Shanghai Futures Exchange is reportedly planning to store commodities outside China. The move is part of the exchange’s efforts to expand its influence in global commodity markets. By storing commodities abroad, the exchange could potentially offer more diverse futures contracts, attracting more international traders.
9. Oil prices tick higher as dollar tumbles on soft CPI data: Oil prices have ticked higher as the dollar has tumbled following the release of softer-than-expected Consumer Price Index (CPI) data in the US. The CPI data, a key measure of inflation, influences the value of the dollar, which in turn affects oil prices. The recent trends highlight the interconnectedness of global financial markets.
10. Gold prices blow past $1,950 on soft U.S. inflation, copper surges: Gold prices have surged past $1,950 per ounce as U.S. inflation data came in softer than expected, reducing the likelihood of imminent aggressive monetary tightening by the Federal Reserve. The same inflation data has also contributed to a surge in copper prices. The movements in gold and copper prices underscore the sensitivity of commodity markets to macroeconomic indicators.