DBS completes US$1 billion significant risk transfer deal, a first for Singapore bank - The Business Times

• Inflation across the Eurozone fell more than expected in June, signaling a potential decline in the energy-driven price spikes caused by conflict in the Middle East. • Significant monthly decreases were recorded in Belgium, Bulgaria, Estonia, and Luxembourg (all -0.4%), as well as France, Austria, and Finland (-0.3%).

• European Union Allowance (EUA) prices have dropped significantly, falling from approximately €90/tCO2e in January to below €65/tCO2e by March. • This price decline is primarily driven by market uncertainty surrounding the upcoming reform of the EU Emissions Trading System (EU ETS).

• The UK stock market, including the FTSE 100, FTSE 250, and FTSE All-Share, is expected to open on a positive note following a streak of six consecutive quarterly gains. • Market optimism is being driven by easing inflation rates and a notable increase in mergers and acquisitions (M&A) activity across various sectors.

• Europe holds €37 trillion in savings, yet a significant portion fails to reach businesses due to a lack of integrated capital markets. • EU leadership views a comprehensive Capital Markets Union (CMU) as essential for competing with the US in strategic sectors, specifically AI and defense.

• European environment correspondent Ajit Niranjan addressed public concerns regarding a severe, "hellish" heatwave currently impacting Europe. • The discussion focused on the disparity between decades of climate warnings and the inadequate responses from politicians who prioritized corporate profits over public safety.

• Mark Mahaney of Evercore ISI analyzed Alphabet and Meta shares on 'Varney & Co.', focusing on the impact of researcher departures and new talent acquisitions. • Joseph Tanious from Northern Trust Asset Management discussed market volatility and the shift of investor rotation away from big tech toward other sectors.

• Japanese and South Korean stock markets opened higher on July 1, driven by significant gains in major tech firms including Samsung Electronics and SK Hynix. • SoftBank and Kioxia also tracked upward, contributing to the overall rise of the Nikkei 225 and KOSPI indices.

• Asian markets are currently experiencing volatility driven by the Kospi and ongoing geopolitical uncertainty regarding Iran. • Mixed macroeconomic data was reported, including June PMI Manufacturing figures showing expansion in Taiwan (55.2), Thailand (53.6), Malaysia (50.7), Philippines (50.9), and Vietnam (51.8).

• European bank stocks experienced a strong rally in the second quarter, contributing to a total sector index gain of approximately 180% since the start of 2023. • Investors are driving this growth based on the expectation of stronger balance sheets and a significant revival in trading revenues and dealmaking.

• Indian markets are trading in positive territory, with the Nifty Pharma index emerging as a top gainer due to strong export demand and stable earnings expectations. • Overall gains are being restricted by geopolitical instability, specifically reports that Iran has rejected diplomatic discussions with visiting US envoys.

• U.S. stock markets closed higher on July 1, 2026, with the technology-heavy Nasdaq Composite leading the gains. • The S&P 500 also rose, reflecting a broad increase in value across 500 large companies and overall positive market sentiment.