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Citadel's Frank Flight: US AI Story Is About Formation, Not Destruction
Frank Flight at Citadel argues that America's edge in AI is its ability to turn new tools into new businesses faster than the rest of the world.
Gold Edges Lower as Market Awaits Fed Minutes; Central Bank Demand Offers Support – ING
ING strategists report that gold has retreated from an earlier gain as traders look ahead to the June FOMC minutes. The metal remains supported by central bank demand and is moving in line with evolving US rate expectations.
Asian Equities Mixed on US-Iran Tensions – Deutsche Bank
Deutsche Bank notes Asian equities are mostly lower as investors digest heightened US-Iran tensions and surging oil prices, with South Korea's KOSPI falling over 5% while mainland Chinese indices and the Hang Seng show gains.
CEE Inflation Eases After Peaking in April-May
June inflation data for most CEE countries show headline inflation easing after a peak in April or May, with the Middle East conflict and higher commodity prices adding about 1 percentage point to inflation between March and May.
WTI Holds Above $72.00 Near Two-Week High on US-Iran Tensions
West Texas Intermediate crude oil consolidates near a two-week high above $72.00 as fresh US-Iran tensions provide price support.
Gold edges higher on subdued USD, but hawkish Fed and Iran tensions cap gains
Gold edged higher during Asian trade on Wednesday, breaking a two-day losing streak after falling below $4,100, though gains remain limited by hawkish Fed expectations and US-Iran geopolitical tensions.
China Test-Fires Submarine-Launched Ballistic Missile Into Pacific
China conducted a rare ballistic missile launch from a nuclear submarine into the Pacific Ocean, showcasing its sea-based nuclear deterrent and prompting regional nations to strengthen defense ties against Beijing.
Iran’s IRGC Claims Targeting 85 US Military Sites in Bahrain and Kuwait
Iran’s Islamic Revolutionary Guards Corps said it targeted 85 US military sites in Bahrain and Kuwait following a US ceasefire breach.
Iran Strikes Bahrain and Kuwait in Retaliation for US Airstrikes
Iran launched attacks on Bahrain and Kuwait early Wednesday, retaliating against a US airstrike on the Islamic Republic. The US had previously accused Tehran of striking three ships in the Strait of Hormuz.
Indonesia's Danantara Merges Four Firms to Form Largest Asset Manager
Indonesia's sovereign wealth fund Danantara has completed the merger of four local companies to create the nation's largest asset manager, aiming to better compete with regional financial institutions.
Iran Vows Decisive Retaliation After US Strikes on Southern Iran
Iran's Khatam al-Anbiya Central Headquarters condemned US airstrikes on southern Iran as aggression and vowed a decisive response, also reaffirming control over Strait of Hormuz traffic.
Iran Accuses US of Violating Ceasefire MoU
Iranian Parliament Speaker Mohammad Bagher Ghalibaf accused the United States of breaching key terms of the ceasefire memorandum of understanding in the Middle East.
RBNZ Signals Further Reduction in Monetary Stimulus, OCR Hike Ahead
The Reserve Bank of New Zealand indicated that additional reduction in monetary stimulus is likely needed to return inflation to target, with the MPC reaching consensus to increase the OCR.
RBNZ Hikes Rate by 25bps to 2.50% as Expected
The Reserve Bank of New Zealand raised its official cash rate by 25 basis points to 2.50% at its June meeting, matching market expectations.
RBNZ Hikes Rate 25 Bps to 2.50% as Expected
The Reserve Bank of New Zealand raised its Official Cash Rate by 25 basis points to 2.50%, matching market expectations.
US interest expense surpasses defense spending for 3rd consecutive year
Interest expense on U.S. public debt as a share of GDP has risen to ~3.2%, the highest since the 1970s, and has now exceeded national defense spending for three straight years.
US Launches Strikes on Iran in Response to Strait of Hormuz Attacks
U.S. Central Command has initiated a series of strikes against Iran following Iranian attacks on three commercial vessels in the Strait of Hormuz, citing violations of a ceasefire.
China's humanoid robot output to exceed 100,000 units in 2025, official says
A senior Chinese official announced that the country's humanoid robot production is expected to surpass 100,000 units this year, speaking at a press conference for the 2026 World Artificial Intelligence Conference in Shanghai.
WTI Surges After US Airstrikes on Iran
West Texas Intermediate oil prices climbed further in Asian trading, approaching $72.20 per barrel after gaining nearly 5% the previous day, driven by fresh US airstrikes on Iran.
S. Korea Deputy PM Mulls Measures on Leveraged ETFs Volatility
South Korea's Deputy Prime Minister Koo Yun-Cheol said he is discussing supplementary measures to address concerns that single-stock leveraged ETFs are amplifying stock-market volatility.
Wedbush Rings the Cboe Closing Bell Celebrating Longstanding Partnership
Wedbush rang the closing bell at Cboe Global Markets to mark nearly 20 years as a member, highlighting their shared commitment to market innovation from options to Bitcoin futures.
Emerging Market ETFs Surge to Record AUM on Inflows and South Korea AI Boom
Assets under management in the iShares MSCI Emerging Markets ETF (IEMG) reached a record $160 billion, while the Vanguard FTSE Emerging Markets ETF (VWO) hit $120 billion. Over the past year, IEMG attracted $22 billion in inflows and rallied 39%, with South Korea's AI boom cited as a key factor.
Gold declines to near $4,100 amid US-Iran tensions
Gold price (XAU/USD) fell to around $4,100 during early Asian trading on Wednesday after the US vowed a response to attacks on oil tankers near the Strait of Hormuz, escalating tensions with Iran.
US Military Launches Strikes Against Iran After Strait of Hormuz Attacks
The US Military has announced the start of a series of strikes against Iran in response to Iranian attacks on three vessels transiting the Strait of Hormuz.