Overnight US stocks | Nasdaq and S&P 500 indexes hit new all-time highs, while the US dollar has its worst performance in the first half of the year since 1973.

On Monday, the three major indices rose, with the Nasdaq and S&P 500 hitting new historical highs again. The three stock indices recorded gains in both June and the first half of the year. [American Stocks] As of the close, the Dow rose 275.50 points, an increase of 0.63%, to 44094.77 points; the Nasdaq rose 96.27 points, an increase of 0.47%, to 20369.73 points; the S&P 500 index rose 31.88 points, an increase of 0.52%, to 6204.95 points. In June this year, the Standard & Poor's 500 Index rose 4.96%, the Nasdaq Index rose 6.57%, and the Dow Jones Index rose 4.31%. In the second quarter of this year, the Standard & Poor's 500 Index rose by 10.57%, the Nasdaq Index rose by 17.75%, and the Dow Jones Index rose by 4.98%. [European Stocks] The German DAX30 index fell by 85.15 points, a decrease of 0.35%, to 23915.12 points; the UK FTSE 100 index fell by 37.56 points, a decrease of 0.43%, to 8761.35 points; the French CAC40 index fell by 25.64 points, a decrease of 0.33%, to 7665.91 points; the European Stoxx 50 index fell by 19.49 points, a decrease of 0.37%, to 5306.15 points; the Spanish IBEX35 index rose by 41.93 points, an increase of 0.30%, to 13991.93 points; the Italian FTSE MIB index rose by 37.79 points, an increase of 0.10%, to 39780.00 points. [Asia-Pacific Stock Market] The Nikkei 225 index rose by 0.84%, the South Korean KOSPI index rose by 0.52%, and the Indonesia Composite Index rose by 0.44%. [Forex] The US Dollar Index fell on the 30th. The US Dollar Index, which measures the US dollar against six major currencies, fell by 0.54% on the day and closed at 96.875 in the foreign exchange market. At the end of the New York foreign exchange market, 1 euro was exchanged for 1.1776 US dollars, higher than the previous trading day's 1.1700 US dollars; 1 pound was exchanged for 1.3718 US dollars, higher than the previous trading day's 1.3697 US dollars. 1 US dollar was exchanged for 144.20 yen, lower than the previous trading day's 144.70 yen; 1 US dollar was exchanged for 0.7934 Swiss francs, lower than the previous trading day's 0.7998 Swiss francs; 1 US dollar was exchanged for 1.3625 Canadian dollars, lower than the previous trading day's 1.3715 Canadian dollars; 1 US dollar was exchanged for 9.4665 Swedish Kronas, lower than the previous trading day's 9.4973 Swedish Kronas. The US Dollar Index fell sharply in the first half of this year, marking the worst performance in the first half since 1973. The US Dollar Index has fallen by around 10.8% so far this year, compared to a 14.8% decline in the first half of 1973. Apart from urging the Federal Reserve to cut interest rates, uncertainty in the US President Donald Trump's trade and tariff policies also weighs heavily on the US Dollar. [Crude Oil] The price of light crude oil futures for delivery in August on the New York Mercantile Exchange fell by 41 cents to close at $65.11 per barrel, a decrease of 0.63%; the price of Brent crude oil futures for delivery in August fell by 16 cents to close at $67.61 per barrel, a decrease of 0.24%. [Metals] COMEX gold futures rose by 0.93% to $3318.30 per ounce, with a cumulative increase of 0.10% in June and approximately 5.67% in the second quarter. COMEX silver futures for September rose by 0.39% to $36.315 per ounce, with a cumulative increase of 8.78% in June and approximately 1.09% in the second quarter. Gold has risen by over 25% in the past six months. With gold hitting a historical high in the second quarter, the price of gold in the first half of 2025 is at its best since the second half of 2007. Gold rose by 5.5% in the first quarter ending on June 30. Analysts suggest that after hitting a historical high, the price of gold is currently consolidating around $3,300 per ounce. Rhona O'Connell of StoneX said in a report, "The easing of tensions in the Middle East and the signing of trade agreements have eased tensions, making it unfavorable for gold, but possibly helpful for silver." [Cryptocurrency] Bitcoin fell by 0.98% to $107323.6, while Ethereum fell by 0.22% to $2495.35. [US Bonds] The yield on the benchmark 10-year US Treasury bond fell by 4.89 basis points to 4.2280%, with a cumulative decline of 17.24 basis points in June and a cumulative decline of 2.14 basis points in the second quarter, trading between 4.6247% to 3.8564%. The yield on the two-year US bonds fell by 2.87 basis points to 3.7192%, with a cumulative decline of 17.83 basis points in June and a cumulative decline of 19.27 basis points in the second quarter, trading between 4.0592% to 3.4305%. The 02/10-year US bond yield spread fell by 2.220 basis points to +50.466 basis points, with an increase of 0.797 basis points in June and an increase of 16.921 basis points in the second quarter. [Macro News] White House officials say the US will resume trade negotiations with Canada. Kevin Hassett, Chairman of the White House National Economic Council, said in an interview with the media that the US will "immediately resume" trade talks with Canada after Canada cancels its digital services tax. The Canadian Ministry of Finance announced in a press release on the 29th that Canadian Prime Minister Kenny and US President Trump have agreed to resume negotiations between the two parties for an agreement before July 21st. The Canadian Ministry of Finance also announced that it would cancel the digital services tax scheduled to take effect on the 30th to further its trade negotiations with the US. The US has always opposed Canada's plan to levy a digital services tax. Trump announced on social media on the 27th that due to Canada's insistence on implementing a digital services tax on US technology companies, the US decided to immediately stop all trade negotiations with Canada. Trump demands rate cuts; criticizes Powell again, this time involving the entire committee. On June 30th local time, US President Trump once again criticized the "big and beautiful" bill introduced by the Republican Party on social media. Trump said the "crazy spending" in the "big and beautiful" bill would increase the debt ceiling by a record $50 trillion. Trump also criticized the Republican Party in his post, referring to the Republican Party as "the PORKY PIG PARTY." In addition, in his post, Trump said it was time to establish a new party that genuinely cares about the people. Trump has previously criticized the tax reform bill pushed forward by Trump and frequently threatened to dismiss Powell from his position because the Federal Reserve did not cut interest rates as he requested. European Union officials to conduct trade negotiations in the US on July 1st. European Commissioner for Trade and Economic Security Shevchovich stated on June 30th that he would travel to Washington, US on July 1st for trade negotiations. On May 23rd, US President Trump threatened to impose a 50% tariff on goods imported from the European Union starting from June 1st. However, on May 25th, Trump announced that the start date for the 50% tariff on the European Union would be postponed from June 1st to July 9th. Since then, the US and EU have engaged in trade negotiations on the tariff issue. [Stock News] Circle (CRCL.US) applies for the establishment of a national trust bank in the US. Stablecoin issuer Circle is applying to establish a national trust bank in the United States. Earlier this month, the company achieved a valuation of nearly $18 billion through its initial public offering, and this application is a key move following that. If approved by the Office of the Comptroller of the Currency (OCC), Circle will be able to serve as a custodian for its own reserve and hold cryptographic assets on behalf of institutional clients. However, unlike traditional banks, this license does not allow Circle to accept cash deposits or issue loans. Currently, Anchorage Digital, a cryptographic platform, is the only digital asset company with a national trust bank license. Experts and analysts suggest that the signing of the law may pave the way for more traditional Financial Institutions, Inc. and retailers to incorporate stablecoins into their businesses. Netflix (NFLX.US) hits a new historical high! The company will provide NASA+ live stream project this summer. Netflix rose over 1% to hit a new historical high, rising nearly 50% since the beginning of the year! The company will provide the NASA+ live stream project this summer. NASA is facing pressure from the White House for budget cuts, and this collaboration with Netflix to broadcast rocket launches, astronaut spacewalks, and other content signifies an important step for the agency in the modern media field. NASA stated that this move aims to expand its global influence and allow more audiences to access exciting content on space exploration. Meta (META.US) restructures AI department to develop "super intelligence"; stock price hits a new high. Meta Platforms CEO Mark Zuckerberg announced a major restructuring of the company's artificial intelligence department, focusing on developing "superintelligence," a system that can complete tasks like humans or even better. According to an internal memo, Zuckerberg sent a letter to employees on Monday stating that Meta's artificial intelligence work will be under a new department called Meta Superintelligence Labs (MSL), led by the former CEO of data labeling startup Scale AI, Alexandr Wang. Wang will serve as the company's Chief Artificial Intelligence Officer. Zuckerberg also stated that former GitHub CEO Nat Friedman will co-lead the group and be responsible for Meta's work on AI products and application research. Influenced by this news, Meta's stock price reached a historical high of $747.9 during trading. Apple Inc. (AAPL.US) is considering using Anthropic or OpenAI technology to support Siri. Apple Inc. is considering using Anthropic or OpenAI technology to support Siri. According to Bloomberg, Apple Inc. has already had discussions with both companies about using their large language models for Siri. Apple Inc. has asked these companies to train their model versions to run tests on Apple Inc.'s cloud infrastructure. Currently, most of Apple Inc.'s AI functions are achieved through internal technology, which the company refers to as "Apple Foundation Models," and plans to release a new version of the voice assistant based on this technology in 2026. However, Apple Inc. has not made a final decision and is still considering its own models, with an internal competition project known as LLM Siri actively being developed using internal models. Trump criticizes "big and beautiful" bill again; Tesla, Inc. (TSLA.US) CEO Musk suggests building a new political party. On June 30th local time, American entrepreneur Elon Musk once again took to social media to criticize the "big and beautiful" bill introduced by the Republican Party. Musk stated that the "crazy spending" in the "big and beautiful" bill will increase the debt ceiling by a record $50 trillion. Musk also criticized the Republican Party, implying that the Republican Party is "the PORKY PIG PARTY." Additionally, Musk mentioned in his post that it is time to establish a new party that genuinely cares about the people. Prior to this, Musk had criticized the tax reform bill pushed by Trump and frequently stated that the US needed to establish a new political party. Robinhood (HOOD.US) launches tokenized stocks products based on Arbitrum and is building an RWA-specific Layer2 network. Robinhood announced on Monday that it will expand its crypto business through a series of new initiatives, including developing a proprietary blockchain network based on Arbitrum and launching tokenized stock trading. The company is launching tokenized stocks products based on the Ethereum Layer 2 network Arbitrum for European users today, covering over 200 US stocks and ETFs, supporting trading 24/7 on weekdays. In its statement, Robinhood mentioned that this move will upgrade its European crypto application to a "crypto-driven all-encompassing investment platform." Robinhood also confirmed that it is building a Layer 2 blockchain network optimized for tokenized assets. This new chain based on Arbitrum technology is designed to support 24/7 trading, self-custody, and cross-chain transfer of tokenized assets. Although the specific launch date has not been announced, sources reveal that it might be rolled out towards the end of this year or early next year. [Major Bank Ratings] JPMorgan: Circle (CRCL.US) "Underperform" rating, target price of $80.