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WTI Crude Drops to Near $70 on Conflicting US-Iran Signals
West Texas Intermediate crude fell to around $70.10 per barrel during Asian trading on Tuesday, reversing recent gains amid mixed signals on US-Iran talks.
Asia-Pacific Equities Open Higher After Wall Street Rally, Dow Hits Record
Asia-Pacific stock markets opened mostly higher on Monday, following a strong session on Wall Street where the Nasdaq led gains in tech and communication services, and the Dow Jones Industrial Average closed at a record high.
Asian Stocks Rise on Tech Rally, Set for Best Quarter in 17 Years
Asian stocks rallied on Wednesday, driven by technology shares, putting the region on track for its strongest quarterly performance in 17 years. Global equities also head for their best quarter in nearly six years, as investors eye US-Iran peace talks and US jobs data.
Asian Stocks Rally, Yen Hits 40-Year Low as Tech Rebounds
Asian stocks climbed, putting the MSCI Asia Pacific Index on track for its best quarterly gain in 17 years, while the yen weakened to a 40-year low near ¥162 per dollar, raising intervention expectations.
Trump Calls for Immediate Gasoline Price Cuts, Targets $2.50/Gallon
President Trump demands gasoline retailers slash prices immediately, citing oil at $68/barrel and declining, and warns of consequences if they fail to act.
US, Iran to Hold Fresh Talks in Qatar on Tuesday – Trump
US President Donald Trump announced via social media that the US and Iran will hold new talks in Doha, Qatar on Tuesday, following a weekend of hostilities.
Gold Drops to $4,015 as Inflation Fuels Rate Hike Expectations
Gold (XAU/USD) slipped to around $4,015 during early Asian trading on Tuesday as rising inflation pressures strengthened expectations that central banks will maintain higher interest rates.
Australia Regulator Sues Amazon Over Prime Video Ads
The Australian Competition and Consumer Commission (ACCC) has taken Amazon to court, alleging the company used unfair contract terms when introducing advertisements to Prime Video, affecting over one million subscribers.
AI-Linked Sectors Lose 11,000 Jobs Monthly Over Past 3 Months
Employment in AI-affected sectors has declined by an average of 11,000 jobs per month over the last three months, with May seeing a record 38,579 job cuts attributed to AI, according to Challenger Gray data.
World Bank Extends Climate Plan, Drops 45% Lending Target
The World Bank is extending its Climate Change Action Plan but will abandon the target of allocating 45% of lending to climate projects, instead prioritizing development outcomes.
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.