Saylor's Strategy acquired US$2.46bn worth of bitcoins last week

Aussie spending up 0.5% in June, driven by goods, but services slump. Annual pace hits 4.8%. Rate cut hopes rise.

Morgan Stanley warns S&P 500 could drop 10% amid historic valuations; Evercore advises buying dips.

China's services PMI hits 14-month high (52.6) on demand, exports. Official survey lags. Traders eye property risks.

Goldman Sachs expects September Fed rate cut, up to 50bp if jobs mkt slips further —— GS see three consecutive rate cuts from the Federal Open Market Committee (FOMC)

Asia rallies on Fed cut bets (94% odds!), Nikkei up 0.5%. Oil flat, Gold up. Bitcoin steady. Traders eye Disney, CAT earnings.

China S&P Services PMI July 2025: 52.6 (expected 50.2)

Grocery costs stress 50%+ Americans! Inflation bites consumer spending, impacting retail valuations.