... initial public offerings (IPOs) is confidently reviving after a prolonged lull and continues to gain momentum. In Asia, a new wave of IPOs has been initiated by Hong Kong: in recent weeks, several large technology companies have successfully gone public, collectively raising multi-billion dollar sums. For example, Chinese battery manufacturer CATL attracted around $5.2 billion, while pharmaceutical giant Hengrui and food holding Haitian each raised approximately $1.3 billion. These high-profile debuts ...

... despite a partial recovery in technology sector valuations recently. Stocks of the "Magnificent Seven" are still trading, on average, about 18-20% below their peak levels from December, even after recent increases. In contrast, Bloomberg's collective Magnificent 7 index had dropped more than 20% from its December peak by mid-March 2025. Thus, part of the losses from late 2024 remains unrecouped, reinforcing the caution among hedge funds. This reduction in institutional interest starkly ...

... to ¥148 per $1, reaching its lowest levels in recent years, under pressure from a combination of political intrigue and expectations that the Bank of Japan will maintain its ultra-loose stance due to low inflation (around 3% in Tokyo). Overall, the collective index of Asia-Pacific stocks has shown little change over the week: support from positive news from Wall Street and hopes for trade deals was balanced by local risks and investor caution in Asia. Commodity Markets: Oil Balances, Gold Holds ...

... financial giants on Wall Street have applied to launch Bitcoin spot ETFs, and experts expect that the first such funds may gain approval from regulators in the coming months. Existing crypto funds and trusts are seeing capital inflows reach new highs — collectively, billions of dollars are flowing into the industry from institutions, with a significant portion of funds directed not only towards BTC but also towards ETH. This sustained interest reflects traditional investors' strategic outlook on cryptocurrencies ...

... the dollar: the DXY index retreated closer to 99 points, and the EUR/USD pair rose into the $1.20 range. Meanwhile, inflation in the US continues to slow (the core consumer price index in June fell to ~3.3% y/y), giving the Fed more room to maneuver. Collectively, these factors support expectations that the regulator will shift its focus from combating inflation to stimulating the economy. US stocks remain overall in positive territory for the month, but volatility has increased. Sectors sensitive ...