Market news
Crypto, stocks, forex and macro, aggregated for traders.
Trump Urges Congress to Extend FISA 702 Law Temporarily
President Trump called on Congress to pass a short-term extension of FISA Section 702, warning the law will expire this week and citing its importance for military and public safety during World Cup and America250 celebrations.
Iran Diversifies Crude Oil Procurement from Africa, Beyond Middle East
Iran is expanding its crude oil procurement sources to Africa and beyond the Middle East, following the military conflict with the US and Israel in February. The country is also buying from the US, Central and South America, and Central Asia.
Japan's Takaichi to Announce 100% Alternative Oil Procurement Bypassing Hormuz by July
Japan's Minister of State for Economic Security Sanae Takaichi will announce at a ministerial meeting on Middle East affairs on April 11 that alternative crude oil procurement bypassing the Strait of Hormuz will reach 100% in July, citing progress in securing oil from the US and other countries.
Russian State Duma Passes First Reading of Crypto Taxation Bill
The Russian State Duma approved in the first reading a bill that aligns the Tax Code with the forthcoming law on digital currency and digital rights.
May Inflation Data: US Core Slips, Euro Area Core Rises
Headline inflation rose as expected in both the US and euro area in May, but core inflation diverged: US core surprised to the downside due to weak goods inflation, while euro area core surprised to the upside due to strong services inflation.
US Consumers Face 7%+ Mortgage Rates, 4.2% Inflation as CPI Mirrors Late 1970s
American consumers are dealing with mortgage rates above 7%, inflation over 4.2%, and a 30% drop in dollar purchasing power since 2020, while CPI inflation trends resemble the late 1970s.
Macklem Warns Consecutive Rate Hikes Possible If Energy-Driven Inflation Broadens
Bank of Canada Governor Tiff Macklem said that if higher energy prices lead to generalized inflation, consecutive rate increases may be needed. He also noted recent volatility in Canadian jobs data, with employment little changed since January.
Macklem: Significant US Trade Restrictions May Force Rate Cuts
Bank of Canada Governor Macklem stated that significant new US trade restrictions could necessitate cutting interest rates, and that uncertainty remains unusually elevated.
Bank of Canada Focused on Preventing Energy Price Inflation from Becoming Persistent
Bank of Canada Governor Tiff Macklem stated that monetary policy remains focused on ensuring higher energy prices do not lead to persistent inflation, and the bank will watch for broadening price pressures.
BoC: Economy Weak, Excess Supply to Persist; Energy Prices Not Seen as Inflation Risk
The Bank of Canada stated that economic activity remains weak and uncertainty over U.S. trade policy continues. The central bank also indicated it will not allow higher energy prices to become persistent inflation, and expects the economy to stay in excess supply even after a rebound.
Bank of Canada: Limited Evidence of Broad-Based Energy Price Pass-Through
The Bank of Canada stated it continues to look through the near-term impact of the Middle East conflict on headline inflation, noting limited evidence so far of higher energy prices feeding broadly into other consumer prices.
US CPI Rises to 4.2%, Highest in Three Years
US inflation, as measured by the Consumer Price Index, rose to 4.2% year-over-year, the highest level in three years, up from 3.8% the previous month.
Brent Oil Muted After US-Iran Strikes, Near Recent Lows: MUFG
Brent oil prices have shown a muted response to renewed US-Iran military exchanges, trading near recent lows after briefly dipping below $90 per barrel, according to MUFG analysts Hardman and Lockhart.
US Apache Helicopter Involved in Iranian Drone Incident; 20 Retaliatory Strikes Ordered
President Trump detailed an incident where an Iranian drone lodged between two US Apache helicopter pilots in the Strait of Hormuz, leading to the first rescue by an unmanned sea drone. The US responded with 20 retaliatory strikes.
US CPI Inflation Hits 4.2% in May, Highest in Three Years
Annual US CPI inflation rose to 4.2% in May, the highest in three years, from 3.8% in April, matching market expectations.
US May CPI Rises to 4.2%, Highest Since April 2023
US headline CPI inflation accelerated to 4.2% in May, the highest since April 2023, while core CPI hit 2.9%, the highest since September 2025. Inflation now stands at more than double the Federal Reserve's 2% target, fueling speculation of potential rate hikes.
Trump Threatens Military Action Against Iran, Dow Futures Plunge
President Trump said he is considering ordering the US military to target Iranian power plants and bridges, per Fox News, sending Dow futures down over 400 points.
WTI Oil Bounces Back to Near $88 as Trump Warns Further Military Actions Against Iran
WTI crude oil recovered to around $88.00 during European trading on Wednesday after a previous pullback, as President Trump threatened additional military strikes on Iran.
Belgium Rejects US Demand for Travel Ban on DRC Over Ebola Fears
Belgium has refused a US request to bar travelers from the Democratic Republic of Congo, escalating a transatlantic dispute over Ebola containment measures during the World Cup.
WTI Oil Extends Losses to Five Days, Hovers Near Seven-Week Lows Below $87
WTI crude oil traded at $86.60 on Wednesday, extending its losing streak to five consecutive days and holding near seven-week lows below $87, despite ongoing US-Iran tensions.
CPI Under Chair Walsh, Strait of Hormuz Tensions, Oracle Earnings in Focus
Today's EU mid-market update highlights the first CPI release under new Chair Walsh, renewed kinetic activity in the Strait of Hormuz, Anthropic's launch of a safe AI model 'Mythos', and Oracle's upcoming earnings report.
Oil Price Steadies as Markets Eye CPI and SpaceX IPO
Oil prices remain stable despite US-Iran tensions, with Brent crude below $92 as traders await CPI data and news of a potential SpaceX IPO.
Gold Breaks Below 200-Day SMA, Eyes on CPI for Direction
Gold prices have decisively broken below the 200-day SMA, setting up a critical test ahead of the US CPI report. Analysts weigh a potential relief rally to $4,450 or a deeper decline toward $4,200.
Gold Breaches 200-Day SMA; US CPI Report Could Decide Next Move
Gold has broken below its 200-day moving average, a bearish technical signal. Traders now await the US CPI report, which could either trigger a rebound toward $4,450 or deepen the decline.