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Guinea's policy expectations have fallen short, corporate ore inventories remain abundant, and alumina futures have declined for four consecutive weeks! Where is the next variable to break the deadlock? Click to read.

Glonghui July 7｜Versant Media, the parent company of CNBC, has agreed to acquire the sports technology platform Full Swing for approximately $530 million in order to expand its immersive experiences, training, and performance data capabilities. This cash acquisition is expected to be completed in the second half of 2026, after which Full Swing will be integrated into Versant’s digital platform and business portfolio.

Golden Ten Data reported on July 7th that strategists at OCBC Bank stated that with the yen’s ongoing depreciation and the rise in long-term Japanese government bond yields, Japan may still be a potential source of global market volatility. The perception that the Bank of Japan’s policy lags behind the curve is intensifying depreciation pressure on the yen. The strategists expect that investors may view future interest rate hikes more as being driven by Prime Minister Sanae Takaichi’s government policy direction, rather than purely based on economic data. Further depreciation of the yen could weigh on regional currencies, especially the Korean won and Thai baht, but OCBC Bank believes the greater spillover risk lies in the rising yields of long-term Japanese government bonds. This may already be pushing up yields on US, UK, and German government bonds. The strategists pointed out that if Japanese bond yields continue to climb, global yields may be pushed even higher.