Morgan Stanley (MS.N) will match $1,000 in donations to Trump accounts opened for employees' children.

At the open in China on July 2, the CSI 300 Index fell 93.81 points (-1.89%) to 4,865.17; China's Shanghai Composite Index fell 58.36 points (-1.42%) to 4,054.09; the Shenzhen Composite Index fell 389.25 points (-2.41%) to 15,729.92; the ChiNext Index fell 125.38 points (-2.94%) to 4,135.34; the STAR 50 Index fell 93.14 points (-4.33%) to 2,059.90.

OCBC Group Research cut its quarterly Brent forecasts through Q2 2027 after shipping and crude flows in the Strait of Hormuz rebounded following a US‑Iran memorandum of understanding. OCBC said market expectations of supply normalization have pushed prices back toward pre‑conflict levels and rekindled supply‑glut concerns. Revised Brent forecasts: 2026 Q3 $75/bbl (prev. $85), 2026 Q4 $75/bbl (prev. $80), 2027 Q1 $73/bbl (prev. $75), 2027 Q2 $71/bbl (prev. $75).