Overnight US stocks | The US Secretary of Defense says the US-Iran ceasefire agreement is effective, and the Nasdaq and S&P 500 hit new highs again. AMD (AMD.US) surged more than 14% after the market closed.

On Tuesday, the three major indexes closed higher, with the Nasdaq and S&P 500 hitting new all-time closing highs, with the Nasdaq reaching a high of 25,361.05 points. US Defense Secretary Heges said on Tuesday that the US-Iran ceasefire agreement is still valid, and Iran's attacks on the UAE have not reached the threshold for restarting large-scale military operations, causing oil prices to fall. [US Stocks] As of the close, the Dow rose 356.35 points, or 0.73%, to 49,298.25 points; the Nasdaq rose 258.32 points, or 1.03%, to 25,326.13 points; the S&P 500 rose 58.50 points, or 0.81%, to 7,259.25 points. The latter two hit new all-time closing highs. NVIDIA Corporation (NVDA.US) fell 1%, Micron Technology, Inc. (MU.US) rose 11%, Intel Corporation (INTC.US) rose 12.9%, and SanDisk (SNDK.US) rose 12%. The Nasdaq China Golden Dragon Index closed up 0.12%. [European Stocks] The Germany DAX30 index rose 375.44 points, or 1.56%, to 24,411.00 points; the UK FTSE 100 index fell 144.16 points, or 1.39%, to 10,219.77 points; the France CAC40 index rose 86.19 points, or 1.08%, to 8,062.31 points; the Europe Stoxx 50 index rose 105.35 points, or 1.83%, to 5,868.96 points; the Spain IBEX35 index rose 313.92 points, or 1.81%, to 17,670.02 points; the Italy FTSE MIB index rose 1,094.37 points, or 2.30%, to 48,572.50 points. [Dollar Index] The US dollar index against six major currencies rose 0.07% to 98.441 at the end of the forex market. At the end of the New York forex market, 1 euro exchanged for 1.1700 US dollars, higher than the previous trading day's 1.1692 US dollars; 1 pound exchanged for 1.3551 US dollars, higher than the previous trading day's 1.3534 US dollars. 1 US dollar exchanged for 157.88 Japanese yen, higher than the previous trading day's 157.24 Japanese yen; 1 US dollar exchanged for 0.7827 Swiss francs, lower than the previous trading day's 0.7836 Swiss francs; 1 US dollar exchanged for 1.3618 Canadian dollars, higher than the previous trading day's 1.3611 Canadian dollars; 1 US dollar exchanged for 9.2598 Swedish krona, lower than the previous trading day's 9.2861 Swedish krona. [Cryptocurrency] Bitcoin rose more than 1.2% to $81,050, and Ethereum rose 0.36% to $2,362.96. [Crude Oil] The price of light crude oil futures for delivery in June on the New York Mercantile Exchange fell $4.15 to close at $102.27 per barrel, a decrease of 3.9%; the price of Brent crude oil futures for delivery in July fell $4.57 to close at $109.87 per barrel, a decrease of 3.99%. [Precious Metals] Spot gold closed at $4,558.47 per ounce; spot silver closed at $72.845 per ounce [Macro News] Bond traders bet that the next move by the Federal Reserve will be a rate hike rather than a cut. Bond traders are increasing their bets that the Federal Reserve's next policy move will be a rate hike rather than a cut. Forward rate agreements linked to central bank interest rate decisions currently show that the market expects the probability of a rate hike by the Federal Reserve before April next year to be over 50% before a rate cut. More and more traders are also increasing their positions to hedge against the increasing risk of a hike before the end of the year. At a time when the market situation is changing, policymakers seem increasingly divided on the outlook for interest rates. Lawrence Gillum, Chief Fixed Income Strategist at LPL Financial, believes that the possibility of a rate cut this year still exists, but with the prolongation of the conflict in Iran, this possibility will gradually decrease. He said, "There is no doubt that Powell's path forward will be challenging." Saudi Arabia lowered its official selling price of light crude oil sold to Asia in June, but it is still at a historical high. Saudi Aramco has lowered the official selling price of Arab light crude oil sold to Asia in June by $4 per barrel to a premium of $15.50 per barrel above the regional benchmark, which is lower than the market's expected $8 per barrel decrease. The price reached a historical high in May, and even with the adjustment, the premium for June is still the second highest in history. Due to the near closure of the Strait of Hormuz, export routes for Gulf oil-producing countries are severely blocked. Saudi Arabia is one of the few countries that can still export oil through the pipeline to Yanbu in the Red Sea. Traders pointed out that Saudi Aramco's official selling price mainly targets crude oil loaded from Ras Tanura port in the Persian Gulf, and additional costs may be required for supply from Yanbu. Saudi Aramco uses Dubai and Oman benchmarks for pricing, and since the region's benchmark crude oil has been in short supply since the Middle East war, the fluctuations in these two indices have intensified, with a slight decline from the April high to March. OpenAI President: Expected to spend $50 billion on computing power this year. Brockman, co-founder and president of OpenAI, testified on Tuesday that as the company develops more advanced AI models and provides services to a wider range of users, its computing costs have soared from about $30 million in 2017 to hundreds of billions of dollars this year. He made the statement on the second day of OpenAI's high-profile courtroom showdown with Musk. OpenAI has previously committed to investing over $1.4 trillion in AI infrastructure in the coming years. In February of this year, OpenAI told investors that it plans to spend about $600 billion by 2030. EU trade chief calls on the US to stick to the 15% tariff rate. The EU's top trade negotiator has called on the US to stick to the terms of their trade agreement after President Trump threatened to raise tariffs on imports of cars from the EU from 15% to 25%. The European Commission stated that EU Trade Commissioner Sevkovic met with US Trade Representative Grier in Paris on Tuesday and agreed to strengthen political and technical contacts. Sevkovic briefed Grier on the progress of the EU's agreement and the timetable for completing negotiations. According to the agreement reached in July 2025, the EU will eliminate most tariffs on most US industrial products, while most EU exports will be subject to a 15% tariff. However, Trump said last Friday that the EU had not complied with the agreement, and he would raise tariffs on EU cars to 25%. German MP Lange, who is responsible for the trade agreement, called the move "unacceptable" and pointed out that "the EU is fulfilling its commitments, while the US continues to violate its commitments." [Individual Stock News] AMD raised its profit outlook after a surge in AI demand. The world's second-largest computer processor manufacturer, AMD (AMD.US), gave a strong outlook for the current quarter, indicating that the company is benefiting from massive investments in the field of artificial intelligence. AMD said on Tuesday in a statement that its sales for the second quarter are expected to be $11.2 billion, plus or minus $3 billion. Analysts had previously expected an average of $10.5 billion. Following the announcement, AMD's stock price rose by over 14% in after-hours trading. The outlook shows that AMD is winning orders from its largest customers in the field of AI computing. Although NVIDIA Corporation is still the dominant supplier of AI processors, data center customers are increasingly seeking alternative solutions--a trend that benefits AMD. Anthropic plans to invest $200 billion in Alphabet Inc. Class C. According to reports, when Alphabet Inc. Class C (GOOG.US) announced last month that it would provide Anthropic with up to 5 gigawatts of server capacity, the two parties did not disclose the specific amount of this commitment. However, according to a source familiar with the matter, as part of an agreement that will start next year, Anthropic plans to pay approximately $200 billion to Alphabet Inc. Class C over the next five years. This commitment means that Anthropic accounts for more than 40% of the "backlog of income" total disclosed by Alphabet Inc. Class C to investors last week. Meta plans to launch an AI assistant to compete with OpenClaw. Meta Platforms (META.US) is reportedly building a highly personalized AI assistant to perform daily tasks. At the same time, the company is facing scrutiny from investors due to its skyrocketing AI expenses. According to sources, the company is building agent tools for its over 3 billion users, including an advanced digital assistant powered by the new Muse Spark AI model. A source familiar with the project said that the assistant is undergoing internal testing by a group of employees. Another insider said that the goal is to develop a product similar to OpenClaw, which allows users to create AI agents called "proxies" that autonomously perform tasks on behalf of users. A source familiar with the project said that Meta hopes to allow users to provide highly sensitive information to the small assistant when choosing to share it, such as health and financial data. However, some question whether consumers will be willing to do so. Apple Inc. will allow users to choose different AI models for various functions in iOS 27. Apple Inc. (AAPL.US) will allow users to choose from a range of external AI services for its software functions, as part of its strategy to build devices into comprehensive AI platforms. According to sources, users will be able to choose from multiple third-party AI models for tasks such as text and image generation and editing. The change will be reflected in iOS 27, iPadOS 27, and macOS 27, which are set to be released this fall. Apple Inc. has been working with Alphabet Inc. Class C to improve the underlying models that support Siri and has collaborated with Anthropic to support internal AI infrastructure and product development.