Bloomberg tanker-tracking shows Saudi Arabia averaged 6.3 mln bpd of crude shipments over the six days to Wednesday after resuming tanker loading and unloading in the Persian Gulf. The flow is roughly in line with Saudi’s 2025 average and about 90% of February levels — when Saudi and Gulf neighbours sharply increased supply — indicating regional oil output is partially restoring following the temporary US‑Iran peace agreement.

非農走弱和前值下修，直接打擊了市場對就業韌性的判斷，短端利率因此回落更快。2年、3年期美債收益率下行幅度明顯大於長端，說明交易主線不是“長期衰退定價”，而是美聯儲繼續進一步推高利率的必要性在下降。失業率回落、工資增速未明顯失速，又讓長端沒有跟着大幅下墜，所以這次更像前端搶跑寬鬆預期，曲線小幅陡峭化。

NVIDIA on July 1 announced a partnership model using revenue-sharing and credit-support mechanisms with AI cloud service providers to co‑build large-scale, multi-tenant AI factories. Under the plan, cloud providers will deploy AI factories based on NVIDIA's DSX AI Factory architecture and offer the capacity as cloud services, aimed at faster access to AI compute for startups, model developers, enterprises and research institutions. NVIDIA says the model will create ongoing revenue tied to compute usage.