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Iranian President Advocates Rationality and Decisive Defense Against Threats
In a post on X, Iran's President stated that the approach to unreasonable boasting and unfounded threats is to rely on rationality and human dignity in decision-making while responding with decisive, fearless defense.
US Stocks Rally as Tech Rebounds, S&P 500 +1.2%, Nasdaq 100 +2.3%
US equities bounced back on Monday as buyers returned to technology shares, pushing the S&P 500 up 1.2% and the Nasdaq 100 2.3% higher. The rebound was supported by the resumption of US-Iran peace talks and a strong recovery in chipmaker stocks.
Silver Price Below $60, Death Cross Threatens as XAG Heads for 22.5% Monthly Loss
Silver (XAG) trades below $60 per troy ounce, down over 1.50% on the day, heading for a 22.5% loss in June. A looming death cross and headwinds from rising US Treasury yields, a strong US dollar, and absent geopolitical risk premium weigh on the metal.
Gold Declines Despite US-Iran Strikes and Strait Disruption
Gold prices fell over the weekend even as the U.S. and Iran exchanged strikes, Iran launched missiles at American facilities in Kuwait and Bahrain, and shipping through a key strait was disrupted.
Oil Rises as US-Iran Resume Peace Talks, Strait of Hormuz Risks Persist
Crude oil prices climbed on renewed US-Iran peace negotiations in Doha, though supply risks from the Strait of Hormuz remain elevated.
ECB's Lagarde: Inflation Risks Elevated, Cautious on June Rate Move
ECB President Lagarde warns that inflation risks remain elevated, with future shocks likely to push inflation away from target. She expressed doubts about the U.S.-Iran peace deal's durability and rejected characterizing the June rate move as an 'insurance hike.'
US New Home Supply Hits Highest Since 2009, Signaling Weak Demand
The monthly supply of new single-family homes rose to 10.3 months in May, the highest since February 2009, as elevated mortgage rates and record homeownership costs keep buyers on the sidelines.
US Treasury yields steady as Fed bets offset oil calm
US Treasury yields stabilized on Monday as market expectations of further Federal Reserve tightening offset the calming effect of stabilizing oil prices amid Middle East tensions.
Zelensky: Russia missed 15 deadlines to capture Donetsk since 2022
Ukrainian President Volodymyr Zelensky stated that Russia has set and missed 15 separate deadlines since 2022 to capture the Donetsk region, with the latest target pushed to December 31, 2026.
Israel's UN Envoy Danon: Gulf Ties Robust, South America Aligning
Israel's UN Ambassador Danny Danon stated that ties with Gulf states remain robust despite talk of diplomatic isolation. He also noted that South American nations, including Colombia's newly elected president, are increasingly aligning with the U.S. and Israel, with previously opposed countries reversing positions.
Israel's UN Ambassador Comments on Hungary's Support
Israel's UN Ambassador Danon praised Hungary's Orbán as a steadfast ally who blocked anti-Israel resolutions, but expects the new administration to be less supportive, while highlighting the Czech Republic and Bulgaria as remaining allies.
Copper Falls 0.6% as Traders Eye U.S.-Iran Talks, Fed Policy
Copper edged down 0.6% to $13,278.50 per ton as traders await U.S.-Iran peace talks and further Fed policy signals. Goldman Sachs remains bullish, raising its end-2026 copper price forecast to $13,735 per ton.
Super Micro Computer Stock Plunges 9% on Taiwan Chip Smuggling Probe Raid
Shares of Super Micro Computer fell over 9% after reports that the company's office was raided as part of an expanded chip smuggling investigation by Taiwan authorities.
Armenia PM Pashinyan Declines to Respond to Israel’s 1915 Decision
Armenian Prime Minister Nikol Pashinyan says he will not respond to Israel's recent stance on the 1915 events, arguing that the issue has been weaponized and that silence serves Armenia's interests.
Katz: Hostilities with Iran Will Resume When Trump Declares Talks Exhausted or if Iran Attacks
Israeli Defense Minister Israel Katz stated that hostilities with Iran will resume either when President Trump deems negotiations exhausted or if Iran attacks Israel, warning such an assault would be Tehran's third war.
Israel's Katz: Trump-linked Iran-Lebanon deal blocked massive Hezbollah strike
Israeli Defense Minister Israel Katz accused former President Trump of tying Iran and Lebanon negotiations to prevent Israel from launching a major attack on Hezbollah. Katz also informed US CENTCOM that Israel will not withdraw from security zones in Gaza, Syria, or Lebanon.
Global Supply Chain Pressure Hits Highest Since July 2022
The Global Supply Chain Pressure Index rose to 1.8 in April, the highest reading since July 2022, driven by disruptions from the Iran War and the closure of the Strait of Hormuz.
Crude Oil under heavy pressure, sellers still in control
Crude oil remains under heavy selling pressure, with both WTI and Brent reaching major support zones. Bearish gaps continue to signal that sellers are still dominating the market.
FTSE 100 Weighed Down by Declines in Gold and Silver
The FTSE 100 faced headwinds as falling gold and silver prices dragged on the index, according to analyst Chris Beauchamp.
Trump: Supreme Court Sent Back Cook Fed Board Suit; Will Act
President Trump stated on Truth Social that the Supreme Court returned the Cook lawsuit on procedural grounds, and he will take action to prevent someone he claims has committed wrongdoing from serving on the Federal Reserve Board.
S&P 500 Leveraged Financing Cost Surges to 110bps, Highest Since December 2024
The implied 3-month S&P 500 financing cost has risen to approximately 110 basis points, the highest level since December 2024, signaling tighter financial conditions and increased burden on leveraged equity positions.
Supreme Court Affirms Presidential Power to Remove Executive Branch Officers
Former President Trump announced a Supreme Court ruling in the Slaughter Case that confirms presidential authority under Article II to remove executive branch officers, a power long sought since the 1930s.
Fed's Cook Says Supreme Court Ruling Affirms Central Bank Independence
Federal Reserve Governor Lisa Cook stated that the Supreme Court's decision to let a lower court order stand recognizes the necessity of Fed independence for fulfilling its congressional mandates.
US Envoys Witkoff, Kushner to Travel to Doha for Iran Talks
US Special Envoy Steve Witkoff and Jared Kushner will travel to Doha today and meet with the Qatari Prime Minister and other officials on Tuesday to discuss talks with Iran. On Wednesday, US and Iranian technical teams will meet separately with Qatari and Pakistani mediators.