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Golden Ten Data reported on July 3 that the S&P Global Spain Services PMI Business Activity Index rose from 50.1 in May to 54.2 in June, showing that driven by strong domestic demand, Spain's services sector grew at its fastest pace this year in June, with both activity and new business rebounding. Paul Smith, Economic Director at S&P Global Market Intelligence, said: “The June survey showed a significant rebound in activity and sales after several months of sluggishness. Part of the recovery reflects growing optimism that the supply chain disruptions and market sentiment hits caused by the Middle East war will eventually dissipate, following the recent signing of a memorandum of understanding between Iran and the United States.”

This rate strategist stated: "With no blocking factors in sight and the US on holiday, the bearish trend may continue until the weekend." He said: "Long-term Eurozone government bonds remain under pressure, and the yield curve is steepening at both ends." The rate strategist highlighted the bearish momentum, noting that long-term Japanese government bonds are also under pressure this week. Tradeweb data shows that Eurozone 10-year government bond yields rose 1.6 basis points to 2.6 basis points, while 10-year German government bond yields increased by 2.1 basis points to 2.919%.

BlockBeats reports that on July 3, Fidelity Investments Global Macro Director Jurrien Timmer stated that Bitcoin is approaching the long-term Power Law model support level and may face a key technical test. Currently, the model's support line is at $58,237, while $60,000 is regarded as an important psychological and technical threshold. Additionally, Jurrien pointed out that, due to slowing global liquidity growth and speculative capital continuing to flow into tech stocks and other risk assets, Bitcoin currently lacks macro catalysts strong enough to drive a trend reversal. Although this model’s support level has historically often marked market bottoms, Bitcoin may continue to fluctuate in this region for some time, awaiting a more favorable macro environment to trigger a new round of growth.