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June 29th - A rare heatwave is sweeping across Europe. On the 27th local time, record high temperatures were broken in Germany, the Czech Republic, and other regions, while governments in Hungary, Poland, and other countries issued nationwide heatwave warnings. The high temperatures in many European countries have spurred demand for air conditioners, fans, and other related products. Driven by strong cross-border e-commerce channels, orders for cooling products made in China have increased significantly, becoming a new growth point for foreign trade exports this summer. Zheng Li, International Trade Director of a company in Ningbo, Zhejiang, stated that from January to May this year, the shipment volume of ice machines to Europe increased by over 70% compared to the same period last year, accounting for about 15% of total sales.① Iran 1. Iranian Foreign Minister: The Straits of Hormuz will be completely under Iranian control within the next 30 days; any intervention will delay the reopening of the Straits. 2. Iranian Foreign Minister calls for the establishment of a “security framework” with Gulf states. 3. Leaders of the Iranian and Lebanese parliaments spoke by phone minutes ago to discuss bilateral issues, particularly the situation in Lebanon. 4. Iran urges the United States to set a timetable for Israel’s “unconditional” withdrawal from Lebanon. ② United States 1. US Ambassador to the United Nations: Iran must choose responsibility or destruction. ③ Israel 1. Israeli Prime Ministers Office: The Israeli military has destroyed Hezbollah’s underground infrastructure in a village in southern Lebanon; Israel notified the United States of the attack in advance. The military will continue to destroy Hezbollah infrastructure to eliminate the threat to northern towns. ④ US-Iran Negotiations 1. Israeli i24NEWS reporter reports that the US-Iran negotiations scheduled for Sunday have been canceled. 2. Iranian officials say Iran did not participate in the technical negotiations scheduled for Sunday due to recent attacks and unfulfilled conditions. 3. Iraqi Foreign Minister: Willing to mediate between the US and Iran to end the war. 4. US media: The US and Iran have agreed to halt mutual attacks and will meet in Qatar this week to resolve the dispute over the Strait of Hormuz. ⑥ Other developments: 1. Israeli military: Hamas naval commander killed in Gaza attack. 2. According to the Associated Press: Pakistan claims it conducted ground operations and strikes in the Afghan border region, resulting in the deaths of 29 militants.June 29 (AP) -- Pakistani officials said security forces conducted an intelligence-based ground operation along the Pakistan-Afghanistan border on Sunday, followed by "precision strikes" on militant hideouts and shelters, killing 29 militants. Pakistani Information Minister Attra Talal said the operation was in response to multiple militant attacks across the country. The previous day, militants armed with guns and explosives attacked the regional headquarters of the paramilitary group Rangers in the southern port city of Karachi, killing three soldiers. Security forces killed three attackers and arrested another, identified by the military as a wounded Afghan national. The Pakistani Talibans separatist faction, the Free Peoples Party, claimed responsibility for the Karachi attack in a statement released Saturday evening.According to Axios: US officials revealed that the US and Iran have agreed to cease attacks and will meet this week.According to the Associated Press, Pakistan claims that it conducted ground operations and strikes in the Afghan border region, resulting in the deaths of 29 militants.

Crypto Market Daily Highlights: The NASDAQ Sends the Market South

Skylar Shaw

Jan 31, 2023 16:23

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The top ten cryptocurrency index had a gloomy session on Sunday. SOL blazed a trail below. For the first time in six sessions, BTC finished the day below $23,000.


On Monday, FTX Court updates were less frequent. Fed anxiety grabbed the global financial markets after momentarily divorcing from the NASDAQ Index, driving both the NASDAQ Index and the cryptocurrency market into the red.


Although tomorrow's 25-basis point Fed interest rate rise is the market's bet, concerns over Fed Chair Powell's future guidance weighed. Although US inflation may have decreased, the job market is still quite tight.


The US unemployment rate is at 3.5%, significantly below the Fed's 5% mandate, giving the Fed space to raise rates for a longer period of time.


The NASDAQ Index fell by 1.96% on Monday. Tech stocks were under pressure ahead of a major earnings week, with results being released this week from Apple (AAPL), Amazon.com (AMZN), and Alphabet Inc. (GOOGL), as Fed uncertainty gripped the market. Optimistic forecasts and a hawkish Fed would be pessimistic. The NASDAQ mini gained 26 points this morning.


Today's NASDAQ and larger crypto market will be influenced by US economic statistics and public opinion of the Fed. Investors should keep an eye on the cryptocurrency news wires, however, for any developments on FTX, Genesis, the SEC v. Ripple lawsuit, and other events that could affect the market.