Temperatures to exceed 40C in European heatwave as three die in France

• Citigroup's US Economic Surprise Index reached 63.2, marking its highest level since August 2023. • The surge was driven by actual data for retail sales, employment, and manufacturing significantly exceeding Wall Street's median forecasts.

• House Financial Services Committee Chairman French Hill (AR-02) announced the committee's official activity schedule for July 2026. • The schedule features a Full Committee Hearing titled “The Federal Reserve’s Semi-Annual Monetary Policy Report.”

• Gold prices showed mixed movement as a strengthening U.S. dollar was countered by optimism surrounding U.S.-Iran peace talks. • Tata Electronics in India suffered a cyber breach that reportedly exposed trade secrets belonging to major tech firms Apple and Tesla.

• Market analysts are preparing for potentially volatile movements in the US Dollar Index Futures as the new trading week opens. • Traders are cautioned that initial headline reactions to economic data are often "starting guns," and the real trend depends on whether prices accept or reject the information after initial automated trading.

• Roblox (RBLX) stock plummeted 9.37% today, closing at $46.72. • The decline is attributed to a combination of weak user data and the emergence of securities class action lawsuits.

• Business Travel Show Europe, the region's largest corporate travel event, returns to London this week for a two-day summit. • The event will feature a comprehensive schedule of professional meetings, industry-focused content, and networking opportunities for corporate travel stakeholders.

• Adani Enterprises is currently being tracked via a real-time stock liveblog by The Economic Times to provide investors with immediate market updates. • Key financial metrics reported include a last traded price of 3059.6, a market capitalization of 395,509.11, and a trading volume of 1,726,452.

• The Federal Reserve is shifting away from its decades-long trend of transparency, potentially returning to a more remote and opaque operational style. • This strategic "gamble" by the Fed could lead to increased market volatility as investors struggle to predict future monetary policy shifts.

• Indian stock markets trended upward today, with the Sensex gaining 400 points and the Nifty climbing above the 24,100 mark. • All NSE sectoral indices saw growth, led by Nifty IT at 1.09%, followed by Nifty Oil and Gas at 0.75% and Nifty India Defence at 0.67%.

• Indian stock markets declined on Friday, driven primarily by a slump in IT stocks as investors engaged in profit-taking near the 24,150 mark. • Despite the dip, analysts indicate that the broader recovery trend remains stable as long as the market stays above 23,700.

• U.S. and Iranian officials are continuing diplomatic talks in Switzerland, although reports from Iranian media suggest a potential walkout. • Morgan Stanley warns that gold may struggle to reach $5,200 as hawkish Federal Reserve policies reduce demand for gold ETFs.