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The focus of the day will be the US employment data to be released later, as well as bond supply from Spain and France. Analysts at BNP Paribas Fortis stated in a report that the highly anticipated panel debate between Federal Reserve Chair Kevin Warsh, European Central Bank President Christine Lagarde, Bank of England Governor Andrew Bailey, and Bank of Canada Governor Tiff Macklem at the European Central Bank forum held in Sintra on Wednesday "did not provide much genuinely new insight into the short-term dynamics of the participating central banks' monetary policy." According to Tradeweb data, the 10-year German government bond yield rose by 2.2 basis points to 2.898%.

Lee Jae-myung presided over the “Chungcheong Region Advanced Industry Development Vision National Briefing” in Asan, Chungcheongnam-do on July 2. After listening to the investment plans for the Chungcheong region presented by companies such as Samsung Electronics, SK Hynix, and Celltrion, he stated that the four major advanced industries—semiconductors, displays, secondary batteries, and biomedicine—are the core strategic sectors determining the future development of South Korea in the AI era, and the Chungcheong region is the core area where these four industries are concentrated with a well-developed industrial ecosystem. Lee Jae-myung emphasized that the government will by no means miss the critical opportunity to deeply integrate regional balanced development with advanced industry layout. The government will mobilize all available resources and actively support corporate investments, fully unlocking the benefits of companies' strategic decisions.

This new cloud joint venture plans to provide data center capacity of around 10 gigawatts by 2030, designated for large-scale AI model training and inference. SoftBank's new cloud business may have OpenAI as a ready-made customer, as the parent company has already committed to invest approximately $65 billion in OpenAI by October. (Bloomberg)