Market Shock: Wall Street’s worst day of 2026 hit stocks, bonds and crypto after a stronger-than-expected US jobs report, with the S&P 500 and Nasdaq both plunging and volatility spiking. Crypto Rout: Bitcoin slid toward $59K and the broader market lost roughly $390B, as leveraged liquidations mounted and investors rotated toward AI-linked risk. Fed Liquidity: The Fed’s reverse repo facility drained sharply, processing just $761M as cash moved back toward risk assets. India Flows Watch: Early signs of AI trade cooling in the US are seen as a potential tailwind for foreign portfolio investors returning to India, even as 2026 selling totals remain heavy. Rupee & Rates: India’s RBI held the repo rate but cut growth forecasts and lifted inflation outlook, while the rupee’s recent rebound to the mid-94s underscored sensitivity to capital flows. Oil Geopolitics: OPEC+ meets as the Iran war disrupts Gulf supply routes, but analysts warn announced output increases may not offset real-world constraints. Policy & Trade: Kenya’s Finance Bill 2026 excise-duty changes could hit EAC regional trade, while India-US first-phase trade talks aim to close by mid-July. Banking & Governance: IndusInd Bank clarified it received no whistleblower complaint tied to RBI/PMO, as investors watch governance and accounting scrutiny. US-Iran Assets: The US Treasury is reportedly exploring using frozen Iranian assets to fund Gulf reconstruction, complicating negotiations amid ongoing conflict.