Join Us Thursday, July 16
Hawkish BoK and equity correction support – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad notes the Korean Won (KRW) is outperforming, supported by a hawkish 25 bps Bank of Korea (BoK) hike to 2.75% and expectations that growth and core inflation will exceed 2026 projections. A sharp KOSPI correction after prior outperformance reduces the need for global investors…

Euro edges lower as Yen firms on risk aversion, ECB hike in view

EUR/JPY trades around 185.80 at the time of writing on Thursday, little changed on the day after reaching a one-month high earlier this week. The pair is edging slightly lower as the Japanese Yen (JPY) regains some footing, although expectations of further monetary tightening by the European Central Bank (ECB) continue to provide underlying support for the Euro (EUR).Investors remain cautious as renewed hostilities involving Iran continue to push Oil prices higher and fuel concerns…

Finance news

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Business

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JPMorgan Chase funds submarine assembly plant and maritime job training

With the American merchant fleet down to fewer than 190 flagged vessels from a high of nearly 3,000 in the 1960s, a critical national security gap has left the U.S. heavily reliant on foreign shipbuilders. To help reverse this decline, JPMorgan Chase announced Wednesday it is injecting $24 million into…

Markets

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Israel learned from Iran’s missile attacks that it needs far more interceptors than expected. ‘It’s a race,’ missile chief says.

Multiple rounds of fighting with Iran brought with them a realization that Israel needs significantly more ballistic missile interceptors than it ever expected.A senior Israeli defense official told Business Insider that past assumptions about the number of interceptors required to sustain its defenses in a high-intensity conflict, even theories from…

Investing

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