Market news
Crypto, stocks, forex and macro, aggregated for traders.
Apollo's Zito: Tokenomics Debate Misses the Point Amid AI Cost Focus
Apollo's John Zito argued at the Morgan Stanley US Financials Conference that the market is measuring the wrong aspects of tokenomics, while the real focus should be on the AI invoice.
Danske Bank: Risk-Off Rotation Hits Global Equities on Weak Sentiment
Danske Bank notes a risk-off rotation in global equities as weak sentiment drives major indices lower and defensive positioning across sectors.
Geopolitical Tensions Drive Oil Higher; CEE Inflation Pass-Through Delayed
Rising geopolitical tensions, including US President Trump's threat of fresh strikes on Iran, have pushed oil prices up. Analysts note a delayed pass-through from energy costs to inflation in Central and Eastern Europe.
ECB Rate Decision Approaches as Iran Threatens Strait of Hormuz
Markets await the ECB's expected rate hike amid signals for future policy, while Iran's Revolutionary Guard threatens to close the Strait of Hormuz and targets vessels.
WTI crude rises near $89.50 as US launches new strikes on Iran
West Texas Intermediate crude oil edged higher to around $89.50 during early European trading on Thursday amid renewed US military strikes against Iran.
Gold Breaks 200-Day Moving Average, Loses Safe-Haven Status Amid Meltdown
Gold prices have crashed through the 200-day moving average, with traders reporting that the metal is now behaving like collateral damage in a broader market meltdown rather than a safe haven.
U.S. Real Spending Excluding Energy Rebounds 1.5% in May
Real spending excluding energy rose 1.5% month-over-month in May, reversing April's 1.0% decline, and was 2.1% higher year-over-year despite energy headwinds.
Gold Pauses Recovery, Stalls Near $4,100 on US Inflation, Mideast Tensions
Gold paused its recovery from seven-month lows of $4,024 on Wednesday, facing fresh selling interest above $4,100 as hot US inflation and ongoing Middle East tensions kept safe-haven demand in check.
Fertilizer Prices Ease as US Spring Demand Fades
Granular urea prices in New Orleans fell to $453.5 per short ton, the lowest since February, down 36% from mid-April highs. The decline is driven by a drop in seasonal demand after US farmers completed spring applications.
Trump to Meet AI Execs on Giving Americans Stake in AI Wealth
President Trump says he will soon meet with top AI executives to discuss plans to give Americans a stake in AI companies' wealth, claiming it will make the public very rich.
US Hiring Rate Drops to Second-Lowest Since Pandemic, Conflicting with Strong Jobs Reports
The US hiring rate fell to 3.2% in April, the second-lowest since the pandemic, while JOLTs and the May jobs report both beat expectations, creating conflicting signals in the labor market.
Iran Launches Drone Operation Against US Fifth Fleet in Bahrain
Iran's military announced a drone operation targeting the US Navy's Fifth Fleet in Bahrain, citing retaliation for US strikes in southern Iran.
WTI Oil Rises to Near $91 as US Strikes Continue Against Iran
WTI crude oil extends gains for a second day, trading around $90.70 during Asian hours as US military strikes against Iran persist.
Japan’s Weekly Capital Flows: Foreign Bond Buying Turns Negative
Japan's weekly order flows showed a shift in foreign bond investment, with net selling of ¥1,038.5B against a previous net buying, while Japanese investors increased foreign bond purchases.
US Launches Strikes on Multiple Targets in Iran After Trump Threatens 'Hit Them Hard'
The US Central Command announced additional self-defense strikes against multiple targets in Iran, following President Trump's vow to 'hit them hard.'
Tech Sinks as Oil Puts Fed Tail Back on Table
Wall Street faced triple headwinds: a renewed tech unwind, a geopolitical oil rally that reignites Fed concerns, and a wave of equity supply straining AI liquidity.
US leveraged ETF trading volume hits record $90bn
Trading volume in US-listed leveraged and inverse ETFs surged to $90 billion on Tuesday, an all-time high. Activity has more than tripled over the past year, signaling elevated risk appetite.
Trump Holds Situation Room Meeting on Possible Iran Strikes
President Trump is holding a White House Situation Room meeting to discuss additional possible strikes on Iran, according to Axios. Two American sources indicate he is considering a large-scale but short-term operation to pressure Iran in negotiations.
Silver Breaks Below 200-Day SMA, Targets YTD Low
Silver extended its weekly decline, breaking below the 200-day moving average and falling towards its year-to-date low.
Trump Says Secret Military Operation Secured Strait of Hormuz Oil Flow
US President Trump announced a secret military operation that helped secure commercial shipping through the Strait of Hormuz, allowing over 100 million barrels of oil to reach global markets amid ongoing regional tensions.
Trump Claims Secret US Military Mission in Strait of Hormuz Unlocked 100M Barrels of Oil
President Trump stated that he ordered a secret US military mission in the Strait of Hormuz, resulting in over 100 million barrels of crude oil successfully transiting the strategic waterway.
S&P 500 Falls Below 7,300, Erases $3 Trillion Since June High
The S&P 500 extended its losses to nearly 100 points on the day, falling below the 7,300 level. The index has now lost approximately $3 trillion in market capitalization since its peak on June 2.
Trump Threatens Heavy Iran Strikes as Tehran Defies Pressure
US President Donald Trump threatened to attack Iran "very hard," blaming Tehran for slow negotiations on a potential deal.
US Treasury Disrupts Iranian Military Procurement Networks
Treasury Secretary Bessent announced that the department has frozen Iranian regime assets, disrupted the economy, and dismantled procurement networks supporting the Iranian military.