Iranian navy Admiral Siaari said Trump had threatened to seize Kharg Island, deploy forces along the Strait of Hormuz and send destroyers into the strait, but none of those moves materialized.

Reserve Bank of Australia Assistant Governor Hunt said that, given recent declines in consumer and business confidence, policy transmission channels have been a focus in recent weeks.

Haitong International chief economist Zhang Yidong said on July 8 that late‑June Fed commentary lifted rate‑hike expectations and strengthened the dollar, while end‑1H portfolio rebalancing and Meta’s compute announcement sparked demand worries — together triggering a sharp early‑July selloff in global AI/tech stocks. He said the correction has not yet fully run and needs time to de‑risk: markets have not fully priced in a stronger dollar, sticky inflation and tighter Fed policy, and micro‑liquidity strains — overcrowded AI positioning and funding pressure on AI equities and credit — require time to unwind. After an initial large decline, some pressure from the dollar, oil/inflation and micro crowding has been partly relieved but not digested; Zhang expects the AI move to shift from a plunge to a choppy, differentiated downtrend with short‑term strength in consumer and high‑dividend assets, and a potential renewed AI uptrend once pressures ease further.