News

```htmlGolden Ten Data reported on July 3 that Bank of America raised its year-end target for the Euro Stoxx 600 index on Friday, citing improving growth prospects in the eurozone. As the energy shock caused by the Iran conflict fades and German fiscal stimulus begins to boost economic activity, growth momentum in the region has strengthened. The Wall Street brokerage now expects the benchmark index to reach 630 points, up from its previous forecast of 590 points. Currently, the index is more than 3% above Bank of America's latest target. Bank of America stated that the eurozone is experiencing a "mini 'Goldilocks' moment" (an ideal state where economic growth is moderate and inflationary pressures are mild), with economic activity rebounding as inflation pressures ease. However, the brokerage still maintains an "underweight" rating for European equities relative to global equities. Strategist Sebastian Raedler said: "Although the eurozone growth outlook is more optimistic, our view on European stocks remains negative, as market pricing reflects overly ideal expectations."```

Odaily reports that ahead of the U.S. Independence Day holiday, crypto market sentiment has gradually stabilized, with Bitcoin remaining above $61,000 and Ethereum climbing above $1,700, continuing the rebound from the previous day. Earlier, unexpectedly weak U.S. nonfarm payroll data eased expectations of further Fed tightening and reignited demand for risk assets. Volatility in the options market has clearly declined, with short-term implied volatility dropping from its peak to the high 30s, and market sentiment shifting from panic-driven hedging to relative calm. However, some institutions believe the data does not represent a unilateral “dovish signal,” as accelerating wage growth and resilient consumption still support the Fed’s relatively hawkish stance. The divergence between U.S. Treasury yields and U.S. equities further indicates ongoing market disagreement over future policy directions. (The Block)

Why Have Malaysian Palm Oil Futures Fallen for Two Consecutive Weeks Despite Export Recovery and Tighter Indonesian Supply? What to Watch in Next Week's MPOB Report?