Market news
Crypto, stocks, forex and macro, aggregated for traders.
Micron Lifts US Stock Futures as Oil Declines; Nasdaq Set to Recover
US stock futures rise on Micron's boost, while oil prices continue to fall. The Nasdaq, down over 5% in June, could surge more than 2% if futures hold.
Oman Rules Out Tolls on Strait of Hormuz
Oman's Foreign Ministry stated on Thursday that future arrangements for the Strait of Hormuz will not include transit tolls, allaying fears over the critical energy corridor.
Eli Lilly Announces Medicare GLP-1 Bridge Program for Obesity Meds
Eli Lilly will offer its obesity drugs Zepbound and Mounjaro to eligible Medicare Part D patients starting July 1, 2026, at $50/month. An estimated 20 million beneficiaries may qualify for coverage through the end of 2027.
Oman: No Transit Tolls for Strait of Hormuz
Oman's foreign minister has ruled out any transit tolls for ships passing through the Strait of Hormuz, aiming to assure global energy markets that navigation will remain free and unhindered.
Brent Oil Falls to Pre-War Levels on Hormuz Strait Reopening
Brent oil prices dropped to levels last seen before the conflict on Thursday, as the reopening of the Strait of Hormuz provided significant relief and continued to push prices lower.
EU Regulators Propose Designating AWS, Azure as Gatekeepers
EU regulators have proposed that Amazon Web Services and Microsoft Azure be designated as gatekeepers under the bloc's tech rules, citing their role as key gateways between businesses and EU customers.
Saudi Arabia to Boost Crude Exports from Ras Tanura Terminal
Saudi Arabia is set to increase crude oil exports from its key Ras Tanura terminal amid rising Gulf shipments, signaling stronger global supply and potential market stability.
Silver Rises to $57.61, Up 0.31% on Thursday
Silver prices (XAG/USD) rose on Thursday, trading at $57.61 per troy ounce, a 0.31% gain from the previous $57.43, according to FXStreet data.
Gold Slides Below $4,000, Tests Key Support – SocGen
Societe Generale analysts report that gold has broken below its 200-day moving average and the March trough, triggering an accelerated decline toward the $3,930–3,885 support zone. A potential rebound depends on holding this level.
Iraq Threatens to Leave OPEC Over Quota Dispute
A senior Iraqi oil ministry official said Iraq may consider all options, including leaving OPEC, if its production quota is not significantly increased, according to Reuters.
UK Chancellor Reeves Says Andy Burnham to Be Next PM
UK Chancellor Rachel Reeves confirmed that Greater Manchester Mayor Andy Burnham will become the next Prime Minister following the resignation of PM Keir Starmer.
Oil Returns to Pre-War Levels, Easing Inflation and Rates Risks
Crude oil prices have fallen back to levels seen before the Ukraine conflict, reducing inflation pressures and the tail risk of a spike above $100. However, worsening growth dynamics, especially in the US, are now shifting the focus to repricing risk at the short end of the yield curve.
Tech Earnings Offset Oil Volatility: Danske Bank
Danske Bank notes global equities ended slightly lower with energy and materials dragging, but strong Micron results reinforced tech confidence and lower oil prices provided consumer relief.
WTI Extends Decline to Pre-Middle East War Levels Around $69
West Texas Intermediate crude oil fell 0.7% to near $69.00, reaching levels last seen before the Middle East conflict, as oil flows accelerate.
Oil-Eurozone PMI Correlation Highlighted Amid Iran War
A chart comparing oil prices and the Eurozone Composite PMI Index suggests a notable correlation, as the war in Iran and closure of the Strait of Hormuz drive commodity prices higher.
Trump Offers US Aid After Venezuela Earthquakes; Death Toll Estimate Up to 100,000
President Trump stated the US is ready to assist Venezuela following two major earthquakes. The US Geological Survey estimates the death toll could reach between 10,000 and 100,000 people.
Gold Holds Bearish Bias Near November 2025 Lows, Awaits US PCE Data
Gold (XAU/USD) remains under pressure, trading near its lowest since November 2025, as traders eye upcoming US PCE inflation data. Diminishing expectations of further Fed rate hikes have so far failed to support the yellow metal.
Shanghai Aluminium Futures Hit 2026 Low, Down 3.13%
Shanghai's most active aluminium futures contract fell 3.13% to 22,730 yuan per metric ton, the lowest level in 2026. The drop reflects weak industrial metals demand from construction and manufacturing sectors amid broad risk-off sentiment.
U.S. Embassy Confirms All Personnel Safe After Venezuela Earthquake
The U.S. State Department reports that all American embassy personnel in Caracas are accounted for following the earthquake in Venezuela. Officials are monitoring aftershocks and coordinating damage assessments with local authorities.
Spot Gold Falls Nearly 1% to $3,962.11
Gold slipped nearly 1% to $3,962.11 per ounce as investors reduced safe-haven demand amid shifting risk sentiment in global markets.
Shanghai Tin Futures Fall Over 3% on Base Metals Weakness
Shanghai's most active tin futures contract dropped more than 3% amid broad weakness in base metals, reflecting weaker industrial demand expectations and cautious sentiment in the commodities market.
Israel Says IDF Will Stay in Southern Lebanon Despite US Pressure
Israeli Defense Minister Israel Katz stated that the military will not withdraw from southern Lebanon, pushing back against US pressure, as continued fighting hinders permanent peace.
U.S. Crude Futures Fall Over $1 to Lowest Since Feb 27
U.S. crude oil futures dropped more than $1, hitting their lowest level since February 27, as the market grapples with rising supply and weaker demand outlook.
Iran Moved $3.84B Through CoinEx to Bypass US Sanctions: WSJ
According to a Wall Street Journal report, Iran allegedly routed approximately $3.84 billion through the crypto exchange CoinEx to facilitate international transactions and circumvent U.S. sanctions.