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Dow Drops as Chip Stocks Crumble, Oil Surges on Iran Tensions—July 8
Dow fell 0.2%, S&P 500 dropped 0.5%, and Nasdaq sank 1.2% on July 7 as chip stocks tumbled and oil prices surged 3% amid geopolitical tension.
Crypto Market Today: Bitcoin Near $62,282, BlackRock IBIT Drives $265M ETF Inflows, XRP Slips Despite MiCA Compliance
The crypto market traded lower on July 8, 2026, as Gulf conflict tensions rattled global risk assets. Bitcoin fell 1.67% to $62,282.16, pulling back from last week’s two-week high near $64,500. Ethereum dropped 1.78% to $1,747.39, while XRP slid 3.42% to $1.08. That XRP decline comes despite Ripple securing full MiCA regulatory compliance just two…
Vedanta Oil & Gas Surges 6.57%, Aluminium Gains 4% as Select Vedanta Stocks Outperform Weak Market
Vedanta Oil & Gas rallied as much as 6.57% to ₹38.25 on July 8, 2026. That gain came despite sharp selling pressure across India’s broader equity market on Wednesday. Vedanta Aluminium Metal shares climbed 4.57% to ₹465.50 during the same session. US-Iran tensions and a fresh crude oil price spike triggered the wider market decline….
OBR Warns UK Debt Could Hit 300% of GDP by 2076 Without Action
OBR warns UK debt could triple to 300% of GDP without fiscal action. Government needs £120bn in tax rises or spending cuts equivalent to entire education budget by 2031-32.
FTSE 100 Falls 0.61% as Gulf Conflict Escalates; DAX Drops 1.10%, CAC 40 Loses 0.82%
The FTSE 100 fell 0.61% on July 8, 2026, as Gulf conflict tensions escalated sharply. Germany’s DAX dropped 1.10%, while France’s CAC 40 lost 0.82% during the same session. Bahrain sounded missile alert sirens for a third time Wednesday morning. Iran and Kuwait exchanged fire following overnight U.S. strikes on Iranian targets. Oil prices jumped…
Holds Near $4,117 as Iran Tensions and Fed Minutes Keep Safe-Haven Demand in Focus
On July 8, 2026, gold traded near $4,117 per ounce prices as investors weighed growing tensions between the United States and Iran against expectations for the Federal Reserve’s latest meeting minutes. Safe-haven demand continued to support the precious metal, even as a stronger US dollar and higher Treasury yields capped gains. With oil prices moving…
Mahesh Muralidhar Pai Set to Head South Indian Bank Following RBI Clearance
Mahesh Muralidhar Pai will become South Indian Bank’s next Managing Director and CEO. The Reserve Bank of India approved his appointment through a letter dated July 7, 2026. Pai’s three-year term begins on October 1, 2026, succeeding outgoing CEO P R Seshadri. He currently serves as Chief General Manager at Canara Bank, leading digital banking…
Zhipu AI (HKEX: 2513) Jumps 14.16% on Report of Custom AI Chip Development for GLM Models
Zhipu AI shares skyrocketed 14.16% during intraday trading on July 8, 2026. The stock, listed as Knowledge Atlas Technology, touched HK$1,838.00 by 10:45 AM GMT+5. That marked a gain of HK$228.00 over the previous close of HK$1,610.00. The rally follows a report that Zhipu AI is exploring a custom AI chip for its GLM model…
Brent Crude Surges 3.2% to $76.60/Barrel After US Airstrikes on Iran; Gold Slips 0.4%
Brent crude prices rose 3.2% to about $76.60 per barrel on July 8, 2026, after fresh U.S. airstrikes on Iran raised concerns about possible disruptions to Middle East oil supplies. At the same time, gold fell 0.4%, catching some investors off guard as the metal often gains during periods of geopolitical tension. The latest price…