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GBP/USD climbed 0.1% to 1.3277, the highest since June 18. UK gilts continued to fall, with the 10-year yield up 5 bps at 4.76%.

2026-06-30

GBP/USD climbed 0.1% to 1.3277, the highest since June 18. UK gilts continued to fall, with the 10-year yield up 5 bps at 4.76%.

Other News
2026-07-01

In a mid-2026 investor letter, Gao Yuncheng, managing partner and CEO of Jinglin Asset Management, said the firm’s core holdings are concentrated in semiconductors and AI infrastructure as it repositions for AI-driven industry change and global suppl

In a mid-2026 investor letter, Gao Yuncheng, managing partner and CEO of Jinglin Asset Management, said the firm’s core holdings are concentrated in semiconductors and AI infrastructure as it repositions for AI-driven industry change and global supply-chain realignment. Gao wrote that the deepest market shift over the past six months is not index moves but “intelligence being mass-produced by machines.” He described AI as a new industrial revolution in which energy, broad semiconductor systems, large AI models, data centers and the application layer form a new “intelligent production system.” Gao said valuation frameworks for platform companies based on users, traffic, ad revenue and margins need reassessment; investors should instead prioritize compute efficiency, model capability, data closed loops, AI monetization and CAPEX returns.
2026-06-30

Japanese Minister of Economy, Trade and Industry Minoru: I hope the Bank of Japan will work closely with the government to achieve its price target in a sustainable manner.

Japanese Minister of Economy, Trade and Industry Minoru: I hope the Bank of Japan will work closely with the government to achieve its price target in a sustainable manner.
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