Japanese investors buying domestic bonds at fastest pace since 2007

Japanese investors are snapping up local government bonds at a record rate, marking the strongest buying spree since 2007.

Apple updates App Store rules in EU under DMA pressure

Apple has revised its App Store policies in the EU to comply with the Digital Markets Act:

• 20% fee on in-app purchases (13% for small businesses)
• 5–15% fee for directing users to external payment systems
• Developers must display Apple’s special prompt before redirecting users

The European Commission has launched a review to assess compliance.

Epic Games’ CEO slammed the changes as “blatantly illegal” and aimed at crushing competition.

The Federal Reserve's Kashkari anticipates two interest rate cuts in 2025, potentially starting in September. He notes that if cuts occur in September and tariff effects emerge later, there may be a pause in further rate reductions.

JUST IN: In May, the Personal Consumption Expenditures (PCE) inflation, the Federal Reserve's preferred measure, increased to 2.3%, matching expectations. However, core PCE inflation rose to 2.7%, exceeding the anticipated 2.6%. This marks the first rise in PCE inflation since February 2025. The Federal Reserve plans to maintain its current pause.

Taiwan investors are dumping U.S. bonds at fastest pace since Covid

Taiwanese investors are selling U.S. Treasuries at the most aggressive rate since the start of the pandemic.

Foreign ownership of U.S. assets hits record levels

Since 1991, foreign investors have bought $128 trillion worth of U.S. financial assets, according to BofA — and the pace has doubled over the last 15 years.

A big driver: U.S. stocks. Foreigners now own a record 18% of the U.S. stock market, or around $19 trillion.

Strong, stable returns have made the U.S. a global investment magnet — fueling its unmatched financial dominance.

JUST IN: A news conference will be held at the White House at 11:30 by President Trump.

JUST IN: The EU and the US anticipate finalizing a trade agreement before July 9th, the date when US tariffs are expected to increase to 50% on nearly all EU goods.

China cuts reliance on the dollar, buys more gold

China has reduced the share of U.S. Treasuries in its reserves from 37% in 2016 to around 22% — near a 15-year low.

At the same time, gold’s share has doubled since 2022 and now sits at a record 6.8%.

China has added about 200 tonnes of gold as it shifts away from the dollar.

President Trump warned that failing to pass the bill would result in a 68% tax increase for the country.

JUST IN: President Trump: Iran has threatened my life.

JUST IN: Trump stated that the July 9 deadline for tariffs could be extended or shortened.

JUST IN: Trump stated on Truth Social that he was considering lifting sanctions on Iran, but he has decided against it.

JUST IN: Donald Trump stated that Canada will be informed of the tariff they must pay to conduct business with the U.S. within the next week. He mentioned that Canada has announced a digital services tax on American technology companies, calling it a direct and blatant attack. Consequently, Trump has terminated trade discussions with Canada, referencing the digital service tax as the reason.

Global M&A hits record low

Worldwide mergers and acquisitions have dropped to under 1,250 deals a month — the lowest ever recorded.

That’s even below levels seen during the 2008 crash and 2020 pandemic.

High interest rates, trade tensions, and global uncertainty are making deals harder to finance and close.