Israeli army starts pilot to withdraw from three Lebanon villages, while it was separately reported that Israeli drones strike Gaza city centre
The Israeli army’s withdrawal from the three Lebanese villages signals a potential de-escalation in regional tensions, which could impact sentiment in risk assets.
[MARKET UPDATE] Asia-Pac stocks are mixed in early trade following the mostly subdued handover from US, where most major indices declined as oil prices and yields climbed amid the ongoing geopolitical backdrop, although the Nasdaq showed some resilence
US President Trump signed an order to identify and fix potential national security vulnerabilities by requiring defence contractors to screen their supply chains, aims to stop weapons makers from working with certain foreign suppliers including China
Israeli army starts pilot to withdraw from three Lebanon villages, while it was separately reported that Israeli drones strike Gaza city centre
Greek oil tanker was attacked near Strait of Hormuz, according to Nour News
South Korea July 1st-20th Exports rose 52.3% Y/Y, Imports rose 20.0% Y/Y and Trade Balance is at a provisional surplus of USD 12.2bln
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However, the simultaneous drone strikes in Gaza suggest ongoing conflict, creating a complex dynamic that may keep investors cautious. As geopolitical developments evolve, watch for implications on safe-haven assets like gold and the broader energy markets.
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