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Barclays: Emerging markets outperformed expectations in Q2, Asia remains the region with the most upside potential.
Barclays' latest EM and strategy outlook states that geopolitics and energy prices have dominated the market since Q2, but emerging market economies and asset performance have exceeded expectations. The Fed's policy cycle may pose new challenges for local currency assets, while a de-escalation in the Middle East could provide room for performance. Asia remains the region with the most upside potential, with growth forecast raised to 5.2% for 2026. Most economies have resilient exports and strong energy allocation capabilities, with the Philippines being the only exception, generally exceeding expectations.
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Chinese state-owned oil companies are reportedly considering resuming imports of Iranian crude oil.
Reuters says Chinese state-owned oil refiners are assessing the conditions for resuming purchases of Iranian crude oil after a U.S. exemption; if implemented, it would be the first time since 2019. CNPC and Sinopec are evaluating the feasibility of banking, insurance, and shipping aspects, but factors such as competition and weakening domestic demand still pose obstacles. Sources say there is no shortage of oil currently, with Saudi Arabia, Kuwait, and Iraq increasing production; it remains unclear which banks can provide financing and clearing, and whether Iran's shipping capacity is sufficient.
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Iraqi Ministry of Oil: Reports that Iraq is considering leaving OPEC do not reflect the government's official position.
Golden Finance reported that on June 25, according to the Iraqi National News Agency, the Iraqi Ministry of Oil stated that reports about Iraq considering withdrawing from OPEC do not reflect the government's official stance.
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India's Trade Minister: India 'very close' to reaching trade deal with the US
Golden Finance reported on June 25 that India's Trade Minister said India and the United States are "very close" to reaching a trade agreement. The deal between India and the United States was reached on February 6, and teams have been working on the details since then.
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TD Cowen: Raised Micron Technology (MU.US) price target from $1500 to $1600.
Golden Finance reported that on June 25, TD Cowen raised the price target for Micron Technology (MU.US) from $1500 to $1600.
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Mizuho raises Micron target price from $1150 to $1375
Golden Finance reported that on June 25, Mizuho raised its target price for Micron from $1,150 to $1,375.
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SpaceX (SPCX.US) pre-market gains expanded to 2.4%
Jinse Finance reports that on June 25, SpaceX (SPCX.US) pre-market gains expanded to 2.4%.
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U.S. Department of Defense: "Golden Dome" system's first test successful
Jinse Finance reported that on June 25, according to a report on the website of the Russian newspaper *Kommersant* on June 25, the U.S. Department of Defense announced that it has completed testing of a component of the “Golden Dome” anti-missile system. During the test, laser and microwave lethal weapons were used. U.S. Secretary of Defense Pete Hegseth personally attended the first testing site for the “Golden Dome” system and made the relevant information public. He wrote on the social platform X: “Today, the first test of the ‘Golden Dome’ system was a complete success.” In January 2025, U.S. President Donald Trump signed an order establishing the global, multi-layered anti-missile defense system “Golden Dome.” The complete architecture of “Golden Dome” is quite extensive. According to U.S. documents and statements by officials at the Pentagon, the system is expected to integrate existing anti-missile means, new early warning systems, directed-energy weapons, and space-based detection and interception capabilities.
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Hong Kong Monetary Authority provides HK$20 million liquidity to banks via discount window
Jinse Finance reported that on June 25, the Hong Kong Monetary Authority provided 20 million Hong Kong dollars of liquidity to banks through the discount window.
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A whale associated with BIT has floating losses exceeding $92.5 million on long positions in ETH and BTC.
Jinse Finance reports, according to Lookonchain monitoring, the BIT-related whale holds 120k ETH and 500 BTC in long positions. Due to the short-term market decline, the floating loss currently exceeds $92.5 million.
ETH-2.71%
BTC-1.83%
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PeckShield: Gnosis official X account suspected to be compromised
Jinse Finance reported that on June 25, according to PeckShield monitoring, community members reported that Gnosis's X (formerly Twitter) account has been compromised. Do not interact with this account, and do not click any links it posts.
GNO-0.46%
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AVAX falls below $6
Golden Finance reported that the market shows AVAX has fallen below $6, now at $5.99, with a 24-hour decline of 5.52%. The market is highly volatile, please manage risk accordingly.
AVAX-2.14%
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Explosions were reported in Kyiv, the capital of Ukraine
Jinse Finance reports that at around 9 p.m. local time on the 25th, a reporter in the Ukrainian capital Kyiv heard multiple strong explosions. Kyiv Mayor Vitali Klitschko and the Kyiv City Military Administration said on social media that the Russian military launched ballistic missiles at Kyiv, and the city's air defense system is operating. (Xinhua News Agency)
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Stifel: Lowers Microsoft (MSFT.US) price target from $415 to $400
Golden Finance reported that on June 25, Stifel lowered its price target for Microsoft (MSFT.US) from $415 to $400.
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a16z's latest judgment: Money is no longer scarce; what's scarce is attention.
If one day intelligence itself becomes as cheap as electricity, what would be the scarcest thing in the world? This question sounds a bit abstract, but after recently watching an episode of a16z's podcast, I suddenly felt that this question is no longer hypothetical but a reality unfolding. The guests on this podcast were Jake Paul and Geoff Woo, who co-founded Anti Fund. They recently announced an oversubscribed $100 million growth fund, backed by almost all top-tier LPs, with a portfolio that includes
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BTC falls below $60,000
Jinse Finance reports that BTC has fallen below $60,000 and is currently at $59,985.82, with a 24-hour decline of 2.44%. The market is highly volatile. Please manage your risks accordingly.
BTC-1.86%
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Brazil's Ministry of Finance submits a panda bond issuance application letter to the Chinese side.
The Brazilian Ministry of Finance submitted an application to the China Interbank Market Dealers Association for the issuance of panda bonds, becoming the first Latin American country to register and issue sovereign panda bonds. Central bank governor Pan Gongsheng stated that the two countries will deepen investment and financing, promote the use of local currencies, interconnect financial infrastructure, benefiting enterprises and the public, and promoting global financial stability. Both sides will strengthen financial market connectivity, expand project cooperation under the production capacity cooperation fund in the fields of climate and clean energy, to achieve mutual benefit. And strengthen macroeconomic policy coordination within mechanisms such as G20, BRICS, and IMF, to give voice to developing countries.
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In the past hour, the entire network saw $233 million in liquidations.
Golden Finance reported that according to Coinglass data, in the past hour, total liquidations across the entire network reached $233 million, with long liquidations at $219 million and short liquidations at $14.71 million. BTC liquidations amounted to $99.31 million, and ETH liquidations amounted to $56.11 million.
BTC-1.83%
ETH-2.71%
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Dell (DELL.N) stock price falls 9.3%
Golden Finance reports that Dell (DELL.N) stock price has fallen by 9.3%.
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