Japan’s yen strengthened as PM Shigeru Ishiba vows to hold on to power despite ruling coalition losing majority in upper house elections. BP appoints Albert Manifold as new chairman. Exxon Mobil and Chevron compete over South American oilfield. Asia’s LNG imports remain subdued. U.S. Treasury yields fall to 10-day lows.

Yen strengthens as Ishiba clings to power, easing market concerns. Currency markets react, with the yen firming against the dollar. U.S. and European bond markets see notable declines in yields. Federal Reserve board dove Christopher Waller open to interest rate cuts. Fed futures predict 70% chance of cut by September.

Stock markets steady, Wall Street futures up. U.S. Commerce Secretary confident in trade deal with EU before August 1 tariff deadline. China’s foreign ministry announces meeting with EU leaders. Corporate earnings season underway, with Tesla and Alphabet reporting. Ryanair sees surge in profit.

China’s rare earth magnet exports to U.S. soar in June, marking recovery post-trade deal. Agreement resolves supply chain issues. Washington allows chipmaker Nvidia to resume sales to China. China tightens control over rare earth sector. U.S. and Canada release economic reports. U.S. corporate earnings announced.

Read more at Yahoo Finance: Yen bounces as Japan PM hangs on