• Chipmaker Micron released a significant additional investment of $30 billion in the US, bringing its manufacturing and R&D investment to approximately $200 billion in Idaho, New York, and Virginia, backed by the US CHIPS and Science Act. Meanwhile, the shares of GameStop plummeted after the news that the company plans to issue $1.75 billion in convertible bonds to raise funds for investments and possible acquisitions, including a recent buy of Bitcoin.

• US stock futures edged higher after President Trump issued his latest “take it or leave it” tariff threat against trading partners, as news reported weaker inflation pressures. The dollar fell to its lowest level since April 2022, while other major currencies climbed, after weak US producer price inflation data sparked hopes of further Federal Reserve rate cuts. Everyone is waiting with bated breath for the impending July 9 deadline on Trump’s “Liberation Day” tariffs, with everything from extensions to outright imposition fostering huge market uncertainty.