Public Markets 3 Hours

Last updated: July 5, 2026, 8:30 PM ET

Energy & Commodities

Oil prices slipped 1.0% as energy flows through the Strait of Hormuz persisted and OPEC+ signaled a potential increase in supplies, stoking concerns about a global glut. This comes as contemporary Amperex, a major battery component producer, is investing in a New Zealand firm to develop graphite from wood byproducts for lithium batteries. Separately, a vintage jet flown by NASA leader Jared Isaacman at a DC air show faced regulatory objections due to concerns over aircraft safety in populated areas.

Global Markets & Geopolitics

Traders are pricing in higher global interest rates for years to come, partly due to the lingering effects of geopolitical tensions, including those stemming from Donald Trump’s stance on Iran. In Asia, the Korean won began its first day of 24-hour trading, a move that could impact regional currency markets. Meanwhile, in the Philippines, Vice President Sara Duterte faces an impeachment trial that could significantly alter her political future and aspirations for higher office.

Corporate & M&A Activity

Australian gold miner Genesis Minerals has launched a competing cash and stock offer for Vault Minerals, valued at $3.9 billion, challenging a prior agreement with Regis Resources. This move signals a potential bidding war in the resources sector. In sports news, FIFA reversed a suspension on star US striker Folarin Balogun following a call from Donald Trump, a decision that has drawn criticism from Belgium.