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Saudi broadcaster Al Arabiya reported that Iran is demanding implementation of five items in the memorandum of understanding before other matters are addressed.

2026-07-02

Saudi broadcaster Al Arabiya reported that Iran is demanding implementation of five items in the memorandum of understanding before other matters are addressed.

Other News
2026-07-01

ECB policymaker De Marco said the central bank should not rush into further rate hikes after oil prices fell unexpectedly and sharply. He noted the ECB raised rates in June and its forecasts assumed further tightening, but the recent drop in energy c

ECB policymaker De Marco said the central bank should not rush into further rate hikes after oil prices fell unexpectedly and sharply. He noted the ECB raised rates in June and its forecasts assumed further tightening, but the recent drop in energy costs strengthens the case for pausing by quickly easing inflation expectations and reducing wage pressures. De Marco said only a second-round inflation effect, de-anchored inflation expectations, or stronger wage demands would justify pre-emptive tightening; those conditions are not currently evident, and with oil back near pre-conflict levels the ECB can wait for the next forecast round rather than risk unnecessary harm to growth. He added that even the milder scenario in the latest forecasts still assumes further tightening, so if incoming data validate that path the ECB may still need to raise rates.
2026-07-01

China A-share memory chip sector rallied then retreated; Shangluo Electronics fell over 7%, Tongcheng New Materials dropped nearly 6%, while Shengyi Technology and Lianxun Instruments also declined.

China A-share memory chip sector rallied then retreated; Shangluo Electronics fell over 7%, Tongcheng New Materials dropped nearly 6%, while Shengyi Technology and Lianxun Instruments also declined.
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