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#Market News

🕊 Oil and gas shipments through the Strait of Hormuz began recovering, with at least 6 tankers using an Oman-side corridor despite authorities warning the threat level remains substantial.

🥇 China’s largest ETF is now a gold fund, with the Huaan Yifu Gold ETF reaching ¥90B ($13B) in assets, surpassing the ¥83B Huatai-PineBridge CSI 300 ETF.

🇩🇪 German factory orders rose 1.9% in May, beating the 1.1% forecast, after a revised 3.2% decline in April as Iran war-related disruptions eased.

🏎 Volkswagen is accelerating cost cuts under CEO Oliver Blume as it battles slower growth, powerful labor unions, and rising competition from lower-cost Chinese EV makers.

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📆 CALENDAR FOR TODAY - 08.07.2026

🇨🇦 Ivey PMI - 17:00 GMT+3;

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#Market News