Good morning and welcome to Markets Desk.
China's export machine roared back in June, posting its fastest growth since two thousand twenty one. The surge was driven by two forces working in tandem — surging global appetite for AI hardware and a front-loading rush by exporters racing to ship goods ahead of anticipated tariff increases. The numbers blew past forecasts by a wide margin.
Turning to geopolitics, and the situation with Iran is escalating rapidly. The United States launched strikes against Iranian targets for a third consecutive night, while Tehran has responded by targeting American military facilities across the Gulf region. The sustained exchange raises the stakes considerably for energy markets and regional stability, with traders watching crude closely.
On the neocloud side, TeraWulf is drawing serious analyst attention after signing a twenty-year power and infrastructure deal with Anthropic. One analyst has gone on record predicting the stock could more than triple from current levels, putting it squarely in competition with Applied Digital as investors weigh which name offers the cleaner play on AI data center buildout.
That's the tape. Markets Desk, signing off the floor.
