Market news
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IRGC Rejects Unauthorized Strait of Hormuz Shipping Corridor, Warns of Enforcement
The IRGC has rejected a newly announced shipping corridor through the Strait of Hormuz, stating it was created without Tehran's coordination and warning of potential enforcement measures against vessels using unauthorized routes.
US Notifies Congress of $700M F110 Jet Engine Sale to Turkey
The Trump administration has informed Congress of a proposed sale of F110 jet engines worth over $700 million to Turkey for its KAAN fighter program.
China's May Services Trade Deficit Widens to $18 Billion
China’s services trade deficit widened to $18 billion in May, bringing the January–May total to $93.1 billion, according to the regulator.
WTI Oil Drops Below $70, Lowest Since February 27
WTI crude oil fell to $69.65 on Friday, its lowest level since late February, amid expectations of higher Middle East supply and following a joint US-Israel attack.
Eurozone One-Year Inflation Expectations Cool to 3.5% - ECB Survey
The European Central Bank's latest survey shows Eurozone consumers expect inflation to average 3.5% over the next year, down from prior figures, while longer-term projections remained steady.
US-Iran Understanding Seen Freezing Conflict, Not Resolving Nuclear Issue: Analyst
According to analyst Greg Priddy, the US-Iran understanding is more likely to freeze the conflict than resolve it, leaving the nuclear program as the key unresolved issue.
Silver (XAG/USD) Edges Up, Nears $58 as Dollar Eases
Silver has rebounded from seven-month lows below $56.00 to trade near $57.80 as the US Dollar takes a breather.
Volkswagen May Cut Up to 100,000 Jobs Worldwide
Volkswagen is reportedly planning to cut up to 100,000 jobs globally as part of a major restructuring, according to Manager Magazin.
Markets Enter Demanding Phase as Uncertainty Tolerance Fades
Financial markets are shifting into a more demanding phase, with investors struggling to move from fear to confidence. Latest signals suggest uncertainty is no longer tolerated.
LNG Market Enters Timing-Sensitive Phase as Storage, Competition Intensify
The LNG market has entered a timing-sensitive phase as Europe continues rebuilding its natural gas storage while global competition for cargoes remains strong.
Iran Strikes Ship Near Strait of Hormuz; UN Pauses Escort
Iran reportedly attacked a cargo ship near Oman, prompting the UN to pause its Strait of Hormuz escort operation and raising doubts over a preliminary US-Iran agreement.
Liquidity Squeeze Intensifies as Equities, Gold, BTC, and Mag7 Decline
A liquidity squeeze continues to pressure global markets, with price declines in equities, gold, Bitcoin, and the Magnificent Seven stocks amplifying the circular liquidity crunch.
WTI Drops Below $70.50 on Middle East Supply Surge
West Texas Intermediate crude oil fell below $70.50 per barrel during Asian trading, reversing prior gains amid news of increased supply from the Middle East.
Gold Bearish Cycle Targets $3400 – Elliott Wave Analysis
Elliott Wave analysis suggests gold's corrective phase could drive prices down to $3040–$3400 after a record high in January 2026.
France Heatwave Triggers Panic Buying of Fans and Air Conditioners
Shoppers in France are scrambling to buy fans and air conditioners amid an intense heatwave, with reports of fights breaking out in some stores. The surge in demand is expected to boost near-term sales of cooling appliances and increase electricity consumption.
US Court Orders DOJ to Release Unredacted Epstein Files or Justify Withholding
A US court has directed the Department of Justice to either release unredacted files related to Jeffrey Epstein or explain why they cannot be disclosed, increasing legal and political scrutiny over the case.
AI Data Centre Boom to Drive Power Prices Higher
Electricity prices are expected to rise about 6% annually as AI-driven data centre expansion boosts power demand, supporting investment in generation and grid infrastructure.
Taiwan Retail Margin Debt Hits Record High, Surpasses Dot-Com Era
Taiwan's retail margin loans have reached a record NT$600 billion, more than doubling in the past year and exceeding levels seen during the 2000 Dot-Com bubble, signaling heightened speculative activity.
WTI Holds Gains Near $71.50 After Cargo Vessel Incident Near Oman
West Texas Intermediate crude oil extended gains for a second session, trading around $71.50 per barrel following reports of a cargo vessel incident near Oman.
US Net Capital Inflows Surge to Record $884 Billion
US net capital inflows hit a record $884 billion in the year through April 2026, nearly tripling since early 2025, driven by surging private and official purchases of US assets.
Tim Plummer Takes Over as CEO of FunderPro and NextTrade
Tim Plummer, formerly of IG Group and Capital.com, became CEO of prop firm FunderPro and sister CFD broker NextTrade, replacing co-founder Gary Mullen, alongside new strategic investment.
UN IMO pauses Strait of Hormuz evacuation after cargo ship attack
The UN's International Maritime Organization has halted plans to evacuate over 11,000 sailors stranded in the Strait of Hormuz following an attack on a Singapore-flagged cargo ship in the waterway.
OpenAI to Stagger GPT-5.6 Rollout After Trump Admin Request
OpenAI will stagger the release of GPT-5.6 following a request from the Trump administration. The initial rollout will be limited to 20 trusted partners via Amazon Bedrock as the U.S. seeks greater oversight of frontier AI models.
Canada's Carney Calls for Restoring Diplomatic Ties with Iran, Venezuela
Canadian Prime Minister Mark Carney stated that Canada should re-establish diplomatic representation in Iran and Venezuela, emphasizing that having embassies does not endorse their governments' policies.