FDA allows bemotrizinol, a popular sunscreen ingredient long used in Europe and Asia

• Federal Reserve Chair Jerome Powell stated that current prices remain "too high" during a meeting with global central bank leaders. • Powell expressed a desire for the Fed to integrate "new technologies" into futures analysis to more accurately track economic inflation.

• US stock futures declined on Thursday, July 2, 2026, with E mini S&P 500 contracts down 0.3% and Nasdaq 100 futures dropping approximately 0.6%. • The dip is driven by firm US bond yields, with the 10-year Treasury holding around 4.46% following reports that May job openings hit a two-year high.

• Asian currencies remained muted while the U.S. dollar strengthened as investors shifted focus toward upcoming U.S. payrolls data. • The South Korean won hovered near 17-year lows, with the USD/KRW pair rising 0.2% despite domestic economic signals.

• The Indian benchmark indices, Sensex and Nifty, rebounded to snap a two-day losing streak. • This recovery was driven by positive global market cues and a decline in crude oil prices.

• Major stock averages ended Wednesday's session lower, with the Dow Jones Industrial Average erasing an initial 423.46-point gain to close nearly flat. • A defense equipment maker is reportedly struggling to secure investor backing for a valuation exceeding 12 billion euros ($13.7 billion), according to the Financial Times.

• PayPal shares rose 3.85% to reach $44.82, driven by strong intraday momentum and increased demand from midcap funds following index rebalancing. • The stock is currently experiencing a baseline scenario of sideways movement, though it shows potential for further upside.

• Stock shares experienced a pullback as investors adopted a cautious stance in the lead-up to upcoming economic reports. • Markets are currently anticipating a "beat" in the payrolls data, which serves as a critical indicator of labor market health.

• Palo Alto Networks shares rose 3.26% today, reaching a trading price of $352.13. • The stock's upward movement is attributed to strong technical momentum and increased bullish buying pressure within the market.

• Indian equity markets rebounded on Wednesday, with the Sensex gaining 444 points and the Nifty reclaiming the 24,000 mark after two days of losses. • Market sentiment was bolstered by easing geopolitical tensions, optimism surrounding trade deals, and a decline in global oil prices.

• Most U.S. stock indexes rose on Wednesday, July 1, 2026, though overall market gains were limited. • The upward trend was tempered by price drops among several influential technology companies, which acted as a drag on the broader indices.

• The BSE Sensex rose by over 300 points and the Nifty50 climbed above 24,100, driven by a positive market start and falling crude oil prices linked to US-Iran hopes. • Bank Nifty outperformed the broader market, advancing 0.85 percent to close above the 58,000 mark.

• Global mergers and acquisitions (M&A) reached a record $2.8 trillion in the first half of 2026, primarily driven by a surge in "mega-deals" valued at over $10 billion. • The spike in activity was fueled by supportive financing, easing regulatory environments, and intense corporate interest in artificial intelligence and technology.