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German Defense Minister Pistorius on Thursday rebuffed U.S. President Trump’s remarks that European NATO allies should be unconditionally loyal to Washington, saying NATO is not "blind obedience." He said NATO decisions are reached by free consultati

2026-07-02

German Defense Minister Pistorius on Thursday rebuffed U.S. President Trump’s remarks that European NATO allies should be unconditionally loyal to Washington, saying NATO is not "blind obedience." He said NATO decisions are reached by free consultation and consensus among all members, not unilaterally by one country. After Chancellor Merz clashed with Trump over U.S. strategy in a war with Iran, Pistorius said he expects the U.S. will not raise further criticism of Germany at next week’s NATO summit in Turkey.

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2026-07-02

Early session, China's main futures contracts opened mixed with declines outnumbering gains. SC crude fell over 4%; LPG and container freight (Europe route) dropped more than 3%; methanol declined nearly 3%; fuel oil and low-sulfur fuel oil (LU) slip

Early session, China's main futures contracts opened mixed with declines outnumbering gains. SC crude fell over 4%; LPG and container freight (Europe route) dropped more than 3%; methanol declined nearly 3%; fuel oil and low-sulfur fuel oil (LU) slipped over 2%. Down more than 1% were polypropylene, asphalt, benzene, BR rubber, plastics, p-xylene, ethylene glycol, propylene, coke, polysilicon and styrene. On the upside, platinum rose over 2%; iron ore and Shanghai silver gained more than 1%; Shanghai gold, soybean meal and pulp were up around 1%.
2026-07-02

U.S. manufacturing employment in June was 3,000, in line with expectations, while the previous figure was revised from 7,000 to -2,000.

U.S. manufacturing employment in June was 3,000, in line with expectations, while the previous figure was revised from 7,000 to -2,000.
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