First Squawk

Hormuz Closure Stalls Construction Projects As Material Costs Soar – FT

Euroclear plans to accept HK-traded Chinese bonds as collateral-FT

Bezos’s Blue Origin weighs first external fundraising-FT

Europe’s few AI plays soar as US tech frenzy goes global-FT

MUFG seeks to offload risk tied to $2bn of private credit loans-FT

The IDX chief said the MSCI announcement has lowered uncertainty surrounding Indonesia’s financial markets.

Wedbush lifted its price target for Oracle Corp from $225 to $275.

TD Cowen lifted its target price for Rockwell Automation Inc from $350 to $400.

Truist Securities raised its target price on Praxis Precision Medicines Inc to $715 from $700.

Daihatsu Motor, a Toyota subsidiary, plans to manufacture hybrid vehicles in Malaysia starting around FY2028/29, according to Nikkei.

JPMorgan set to reshuffle investment bank chiefs amid wider shake-up-FT

US INTELLIGENCE SAYS IRAN STILL HAS ABOUT 70% OF ITS MISSILES LEFT DESPITE THE WAR IRAN HAS ALSO REGAINED ACCESS TO MOST MISSILE BASES NEAR THE STRAIT OF HORMUZ, CONTRADICTING WHITE HOUSE CLAIMS THAT IRAN’S MISSILE POWER WAS LARGELY DESTROYED

India’s rupee opened nearly flat at 95.61 per dollar, versus a prior close of 95.62.

Indonesia’s regulator stated that the market is still viewed positively, with no downgrade and continued presence in the emerging market index.

Indonesia’s regulator stated that near-term weakness in stock prices is an anticipated outcome of current market conditions.

Indonesia’s financial authority noted that MSCI’s rebalancing represents a short-term impact of the country’s reform process.

Needham lifted its price objective for Camtek Ltd from $175 to $190.

VIETNAM ASKS US TO LET CRUCIAL OIL TANKER SLIP PAST HORMUZ BLOCKADE-SCMP

Trump said he intends to request Chinese President Xi Jinping to “open up” the Chinese economy.

New Zealand 2Y Inflation Expection Q2: 2.53% (prev 2.37%)