{"id":64601,"date":"2026-07-11T01:08:21","date_gmt":"2026-07-11T05:08:21","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-update-us-housing-bill-becomes-law-trump-issues-missile-warning-to-iran\/64601\/"},"modified":"2026-07-11T01:08:21","modified_gmt":"2026-07-11T05:08:21","slug":"global-markets-update-us-housing-bill-becomes-law-trump-issues-missile-warning-to-iran","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-update-us-housing-bill-becomes-law-trump-issues-missile-warning-to-iran\/64601\/","title":{"rendered":"Global Markets Update: US Housing Bill Becomes Law, Trump Issues Missile Warning to Iran"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Bipartisan US Housing Bill becomes law<\/strong> automatically after President Trump declined to sign it; the <strong>21st Century ROAD to Housing Act<\/strong> aims to curb institutional home buying and boost supply.<\/li>\n<li><strong>President Trump warns of &quot;decimating&quot; Iran<\/strong> with 1,000 &quot;locked and loaded&quot; missiles if an assassination attempt is made against him, following reports of a new Tehran-linked plot.<\/li>\n<li><strong>Japan&#39;s megabanks seek government support<\/strong> to secure dollar liquidity for <strong>\u00a589 trillion ($550 billion)<\/strong> in promised U.S. investments under a bilateral tariff agreement.<\/li>\n<li><strong>UK Low Pay Commission warns<\/strong> that further minimum wage increases beyond the projected <strong>\u00a312.71<\/strong> for 2026 could risk up to <strong>800,000 job losses<\/strong>.<\/li>\n<li><strong>Turkey reportedly finalizes a deal<\/strong> to sell its Russian-made <strong>S-400 systems<\/strong> to a Gulf state, likely the UAE, in a bid to resolve US sanctions and rejoin the <strong>F-35 program<\/strong>.<\/li>\n<\/ul>\n<hr>\n<h2>US Policy and Geopolitical Tensions<\/h2>\n<p>The <strong>21st Century ROAD to Housing Act<\/strong> officially became law at midnight on Saturday without President Trump&#39;s signature. The President allowed the 10-day signing window to expire as a protest against the Senate&#39;s failure to pass the <strong>SAVE America Act<\/strong>, which would require proof of citizenship for voters. This landmark housing legislation is designed to increase housing supply and limit <strong>private equity firms<\/strong> and institutional investors from purchasing single-family homes, a move aimed at addressing long-term affordability crises.<\/p>\n<p>Simultaneously, geopolitical tensions reached a fever pitch as President Trump issued a stark warning to Tehran via Truth Social. Claiming that <strong>1,000 missiles are &quot;locked and loaded&quot;<\/strong> and aimed at Iran, the President stated he has ordered the US military to be prepared to &quot;completely decimate&quot; the country should any assassination attempt be carried out against him. The rhetoric follows intelligence reports shared by Israel regarding a new Iranian plot and open calls for retaliation at the funeral of the late Supreme Leader <strong>Ayatollah Ali Khamenei<\/strong>.<\/p>\n<h2>Asian Financial and Labor Markets<\/h2>\n<p>The Japanese government is weighing a new framework to help the nation&#39;s &quot;megabanks&quot;\u2014Mitsubishi UFJ Financial Group (<a href=\"\/stock\/MUFG\">MUFG<\/a>), Sumitomo Mitsui Financial Group (<a href=\"\/stock\/SMFG\">SMFG<\/a>), and Mizuho Financial Group (<a href=\"\/stock\/MFG\">MFG<\/a>)\u2014secure U.S. dollars. The plan involves utilizing the <strong>Foreign Exchange Fund Special Account<\/strong> to support <strong>\u00a589 trillion ($550 billion)<\/strong> in investments pledged to the United States. This &quot;safety net&quot; is intended to prevent a dollar shortage and manage rising procurement costs for Japanese lenders as they fulfill commitments under the <strong>U.S.-Japan tariff agreement<\/strong>.<\/p>\n<p>In the labor market, Japan is reportedly losing its appeal to foreign workers, who are increasingly eyeing <strong>South Korea<\/strong> for employment. A weak yen, which recently hit a <strong>39-year low of \u00a5162 per dollar<\/strong>, has significantly eroded the value of remittances for migrant workers. Meanwhile, wages in countries like <strong>Vietnam<\/strong> have risen by nearly 40% since 2019, further diminishing the economic incentive to work in Japan compared to the relatively higher wages and better conditions offered in South Korea.<\/p>\n<h2>European Economic and Energy Outlook<\/h2>\n<p>The <strong>UK Low Pay Commission (LPC)<\/strong> has issued a cautionary note regarding the National Living Wage, which is projected to rise to <strong>\u00a312.71 per hour<\/strong> in April 2026. The LPC warned that pushing the wage floor higher could be &quot;risky,&quot; with some economic models suggesting potential job losses of <strong>600,000 to 800,000<\/strong>. Despite these concerns, there is a <a href=\"https:\/\/stockmarketwatch.com\/metal\/silver\" data-internallinksmanager029f6b8e52c=\"5\" title=\"silver price today\">silver<\/a> lining for London renters; new data shows that the salary needed to secure an average rental home in the capital fell <strong>17% year-on-year<\/strong> to \u00a371,550, even as nominal rents rose slightly.<\/p>\n<p>On the energy front, <strong>International Energy Agency (IEA)<\/strong> chief Fatih Birol has characterized Europe\u2019s slow pace of electrification as a &quot;major mistake.&quot; A leaked draft of the <strong>European Commission&#39;s<\/strong> new electrification plan reveals intentions to set radical targets for 2040 to wean the bloc off fossil fuels. This shift is partly a response to the ongoing regional instability, which has added an estimated <strong>$50 billion<\/strong> to Europe&#39;s oil and gas import bill since early 2026.<\/p>\n<h2>Defense and Middle East Strategy<\/h2>\n<p>Turkey has reportedly reached an agreement to sell its unused Russian <strong>S-400 air defense systems<\/strong> to an undisclosed Gulf state, with the <strong>United Arab Emirates (UAE)<\/strong> and <strong>Qatar<\/strong> cited as the most likely buyers. The deal, which still requires Russian approval, is a strategic maneuver by Ankara to satisfy the <strong>21st Century NDAA<\/strong> requirements. By no longer &quot;possessing&quot; the S-400, Turkey hopes to trigger the lifting of <strong>CAATSA sanctions<\/strong> and regain access to the <strong>Lockheed Martin (<a href=\"\/stock\/LMT\">LMT<\/a>) F-35 fighter jet program<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Bipartisan US Housing Bill becomes law automatically after President Trump declined to sign it; the 21st Century ROAD 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