Spain Unemployment Change above expectations (-40.8K) in June: Actual (-28.7K)

Equities: Tech slump contrasts broader resilience – Deutsche Bank

Deutsche Bank’s Early Morning Reid describes a mixed picture for US equities. The S&P 500 index slipped 0.22% as chip stocks sold off sharply, yet the equal‑weighted S&P 500 rose 0.24% to a new record.
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Oil: Hormuz risks and US-Iran MoU tensions – Rabobank

Rabobank strategist Michael Every describes how US efforts to secure Hormuz Oil flows under an emerging US-Iran MoU were reportedly blocked by Saudi Arabia, raising regional security risks.
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