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BlockBeats news, on July 3, UBS stated that based on industry research, it has raised its DDR contract price benchmark expectation to a quarter-on-quarter increase of 32% in Q3 2026 and 18% in Q4 2026, previously forecasting increases of 17% and 12% respectively. UBS continues to expect the DRAM industry to remain in a supply shortage at least until 2028. By 2027, the gap between DRAM demand growth and supply growth is expected to widen to 17%. If we assume that downstream inventory is not digested in 2027, meaning that after restocking in the second half of 2026, clients still have sufficient inventory, the supply shortage rate will worsen from 8.1% in 2026 to 13.6% in 2027. UBS stated that both of these levels have not been seen in the past 30 years. On the NAND side, UBS currently forecasts a quarter-on-quarter price increase of 30% in Q3 2026 and 12% in Q4 2026, and expects the NAND upcycle to last at least until Q4 2027. UBS also raised its memory industry revenue forecast to $992 billion in 2026 and $1.763 trillion in 2027. The main risk lies in the affordability of hyperscale cloud service providers, especially as they still need to continue tapping capital markets to finance capital expenditures.

```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)