Phillip Capital Futures & CFD

Daily Market Updates 02072026

Baker Hughes U.S. Rig Count (United States) {US} OBSERVATION PERIOD: Jul 3 (Weekly) ACTUAL : 580 PRIOR : 573 REVISED : -- SURVEY : -- (Mean: --, High: --, Low: --)

Net Export Sales Corn-Total (United States) {US} OBSERVATION PERIOD: Jun 25 (Weekly) ACTUAL : 1499.8k PRIOR : 1479.0k REVISED : -- SURVEY : -- (Mean: --, High: --, Low: --) Net Export Sales Soy Oil-Total (United States) {US} OBSERVATION PERIOD: Jun 25 (Weekly) ACTUAL : -1.5k PRIOR : 0.9k REVISED : -- SURVEY : -- (Mean: --, High: --, Low: --) Net Export Sales Soybeans-Old (United States) {US} OBSERVATION PERIOD: Jun 25 (Weekly) ACTUAL : 41.8k PRIOR : 455.4k REVISED : -- SURVEY : -- (Mean: --, High: --, Low: --) Net Export Sales Wheat-Old (United States) {US} OBSERVATION PERIOD: Jun 25 (Weekly) ACTUAL : 300.1k PRIOR : 504.5k REVISED : -- SURVEY : -- (Mean: --, High: --, Low: --) Net Export Sales Wheat-Total (United States) {US} OBSERVATION PERIOD: Jun 25 (Weekly) ACTUAL : 300.1k PRIOR : 504.5k REVISED : -- SURVEY : -- (Mean: --, High: --, Low: --) Net Export Sales Soybeans-Total (United States) {US} OBSERVATION PERIOD: Jun 25 (Weekly) ACTUAL : 224.3k PRIOR : 1357.6k REVISED : -- SURVEY : -- (Mean: --, High: --, Low: --) Net Export Sales Corn-Old Crop (United States) {US} OBSERVATION PERIOD: Jun 25 (Weekly) ACTUAL : 732.1k PRIOR : 743.1k REVISED : -- SURVEY : -- (Mean: --, High: --, Low: --) Net Export Sales Soy Meal-Total (United States) {US} OBSERVATION PERIOD: Jun 25 (Weekly) ACTUAL : 413.6k PRIOR : 182.3k REVISED : -- SURVEY : -- (Mean: --, High: --, Low: --)

Initial Jobless Claims (United States) {US} OBSERVATION PERIOD: Jun 27 (Weekly) ACTUAL : 215k PRIOR : 215k REVISED : -- SURVEY : 218k (Mean: 219k, High: 230k, Low: 215k) Unemployment Rate (United States) {US} OBSERVATION PERIOD: Jun (Monthly) ACTUAL : 4.2% PRIOR : 4.3% REVISED : -- SURVEY : 4.3% (Mean: 4.3%, High: 4.4%, Low: 4.2%) Change in Nonfarm Payrolls (United States) {US} OBSERVATION PERIOD: Jun (Monthly) ACTUAL : 57k PRIOR : 172k REVISED : -- SURVEY : 113k (Mean: 113k, High: 200k, Low: 25k)

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Retail Sales Value YoY (Hong Kong) {HK} OBSERVATION PERIOD: May (Monthly) ACTUAL : 7.9% PRIOR : 8.6% REVISED : -- SURVEY : 6.7% (Mean: 7.4%, High: 10.1%, Low: 5.5%)

Meta to Launch AI Cloud Business; BYD Set to Overtake Tesla in EV Sales 2 July 2026 Market Snapshot (Previous Close) 📉 S&P 500 Index 7,483.23 (-0.22%)↓ 📉 Straits Times Index 5,161.50 (-0.18%)↓ 📉 Nikkei 225 Index 70,474.96 (+0.59 %)↑ 📉 Gold Spot 4,030.65 (+0.56%)↑ 🫩 The S&P 500 slipped despite stronger-than-expected US economic data, while investors continued to assess the outlook for Fed policy. US futures were mixed as markets looked ahead to today's closely watched US jobs report. Oil fell even as crude shipments through the Strait of Hormuz recovered sharply. 🤖 Meta is planning to launch a cloud infrastructure business that will sell excess AI computing capacity to external customers, expanding beyond its internal AI operations and stepping up competition with Amazon Web Services and Google Cloud. Shares rallied on the news. 🚗 BYD is poised to overtake Tesla as the world's largest seller of fully electric vehicles after delivering more than 550,000 EVs in the second quarter. Separately, Nissan is cutting production costs on its Mexico-made vehicles to offset the impact of US tariffs. 🏛️ The US opted against renewing the USMCA trade agreement, choosing instead to conduct annual reviews while leaving the pact in force unless one of the three member countries withdraws. 🛢️ Oil shipments through the Strait of Hormuz climbed to 10 million barrels per day in recent weeks, signalling a recovery in regional energy flows. Iran also concluded talks with Qatar and Pakistan on its memorandum of understanding with the US. 🍎 Apple is reportedly negotiating to source memory chips from Chinese firms CXMT and YMTC to ease the global memory shortage. The company is also preparing an upgraded iPad Pro lineup and a redesigned entry-level MacBook Pro for next year. 🏦 Fed Chair Kevin Warsh said inflation risks have eased in recent weeks, while Citadel Securities warned markets are underestimating the likelihood of a July rate hike. Investors now turn their focus to today's US nonfarm payrolls report. 💰 Starwood Capital raised a record US$10.2 billion for its largest-ever fund and plans to allocate up to 35% of the capital towards data centre investments, underscoring continued demand for AI infrastructure. 👀 Market Focus: Investors will watch the US June jobs report for clues on the Fed's next move, alongside South Korea's inflation data, Australia's trade figures and Singapore's PMI.

Curated Headlines for 2 July 2026 South China Morning Post Oil prices fall to 4-month lows as progress in US-Iran talks cools supply concerns Trump says the US was getting along very well with Iran and that recent meetings in Qatar went well https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-prices-fall-4-month-lows-progress-us-iran-talks-cools-supply-concerns US Treasury picks BlackRock, Vanguard ETFs for Trump Accounts US kids born 2025–2028 will get a US$1,000 seed deposit into an investment account under the scheme https://www.businesstimes.com.sg/international/us-treasury-picks-blackrock-vanguard-etfs-trump-accounts The Wall Street Journal Trump Made $1 Billion on Crypto Deals While His Fans Lost a Fortune Roughly two-thirds of investors in the president’s memecoin are currently in the red https://www.wsj.com/finance/currencies/trump-made-1-billion-on-crypto-deals-while-his-fans-lost-a-fortune-408754c9?mod=hp_lead_pos1 Warsh Says Inflation Outlook Has Improved but Won’t Say if Fed Should Hike Rates Fed chairman declined to say how the Fed will approach an upcoming debate over whether to raise rates, calling the coming meeting a ‘good family fight’ https://www.wsj.com/economy/central-banking/interest-rates-kevin-warsh-de137876?mod=hp_listb_pos2 The South China Morning Post Will Budweiser Brewing’s China sales improve on back of AB InBev’s World Cup sponsorship? https://www.scmp.com/business/article/3359053/will-budweiser-brewings-china-sales-improve-back-ab-inbevs-world-cup-sponsorship?module=top_story&pgtype=section Will slowing car sales in China reignite brutal price war in crowded market? https://www.scmp.com/business/china-evs/article/3358970/will-slowing-car-sales-china-reignite-brutal-price-war-crowded-market?module=top_story&pgtype=section

Daily Market Updates 01072026

ISM Manufacturing (United States) {US} OBSERVATION PERIOD: Jun (Monthly) ACTUAL : 53.3 PRIOR : 54.0 REVISED : -- SURVEY : 53.9 (Mean: 53.9, High: 55.0, Low: 53.0)

S&P Global US Manufacturing PMI (United States) {US} OBSERVATION PERIOD: Jun F (Monthly) ACTUAL : 53.9 PRIOR : 55.7 REVISED : -- SURVEY : 55.7 (Mean: 55.7, High: 56.0, Low: 55.2)

CPI Estimate YoY (Eurozone) {EC} OBSERVATION PERIOD: Jun P (Monthly) ACTUAL : 2.8% PRIOR : 3.2% REVISED : -- SURVEY : 3.0% (Mean: 3.0%, High: 3.5%, Low: 2.8%)

S&P Global Eurozone Manufacturing PMI (Eurozone) {EC} OBSERVATION PERIOD: Jun F (Monthly) ACTUAL : 51.4 PRIOR : 51.3 REVISED : -- SURVEY : 51.3 (Mean: 51.3, High: 51.6, Low: 51.2)

Nationwide House Px NSA YoY (United Kingdom) {GB} OBSERVATION PERIOD: Jun (Monthly) ACTUAL : 2.2% PRIOR : 1.7% REVISED : -- SURVEY : 2.5% (Mean: 2.4%, High: 2.6%, Low: 2.2%) Nationwide House PX MoM (United Kingdom) {GB} OBSERVATION PERIOD: Jun (Monthly) ACTUAL : 0.0% PRIOR : -0.6% REVISED : -- SURVEY : 0.1% (Mean: 0.1%, High: 0.5%, Low: -0.2%)

CPI YoY (Indonesia) {ID} OBSERVATION PERIOD: Jun (Monthly) ACTUAL : 3.34% PRIOR : 3.08% REVISED : -- SURVEY : 3.22% (Mean: 3.26%, High: 3.60%, Low: 3.00%)

S&P 500 Posts Best Quarter Since 2020; Nike Slips Despite Earnings Beat 1 July 2026 Market Snapshot (Previous Close) 📈 S&P 500 Index 7,499.36 (+0.79%)↑ 📉 Straits Times Index 5,170.65 (-0.73%)↓ 📈 Nikkei 225 Index 60,062.32 (+0.86%)↑ 📉 Gold Spot 4,008.02 (-0.20%)↓ 🫩 The S&P 500 capped its strongest quarter since 2020 as upbeat economic data boosted optimism over corporate earnings and technology stocks. US futures were mixed while Brent recorded its biggest quarterly decline since 2020 despite ongoing Middle East peace talks. 🏛️ The US Supreme Court struck down President Trump's bid to curb birthright citizenship, while agreeing to hear Apple's appeal in its long-running legal dispute with Epic Games over App Store fees. 🚨 US-Iran peace talks continued in Doha, with Qatar confirming the arrival of US envoys Jared Kushner and Steve Witkoff. Iranian officials said the release of US$12b in frozen assets is underway and that more than 40m barrels of oil have been exported since the US naval blockade was lifted. 🏦 Traders increased bets that the Fed could begin raising interest rates as early as July, following another round of resilient US economic data. 💴 Japan refrained from intervening in the currency market through June 26 despite the yen weakening to fresh multi-decade lows against the US dollar, according to Ministry of Finance data. 👟 Nike slipped in after-hours trading despite reporting better-than-expected 4Q results after CEO Elliott Hill warned of revenue growth "headwinds", with continued weakness in its Greater China business. 🤖 Anthropic unveiled Claude Science, a new AI tool designed to help researchers automate biology and chemistry workflows, including protein structure prediction. 💰 Millennium Management is reportedly preparing to raise at least US$10b in fresh capital, while Co-CIO Paul Russo is set to retire at the end of the year. ₿ President Trump disclosed earning at least US$1.2b in 2025 from cryptocurrency and memecoin-related businesses, according to his latest financial filing. 🇨🇳 China's yuan is gaining traction as an alternative reserve currency among emerging-market central banks, according to an OMFIF survey, while India's growth outlook improved as easing Middle East tensions lowered oil price and inflation risks. 🛢️ India's state-owned refiners are looking to diversify crude imports away from the Middle East following recent supply disruptions, while Russia's crude exports climbed to their highest level since 2022, increasing the volume of oil held at sea. 👀 Market Focus: Investors will monitor manufacturing PMI data across Asia, Japan's Tankan survey and South Korea's trade figures for fresh clues on regional growth, while developments from the US-Iran negotiations remain in focus.