Market news
Crypto, stocks, forex and macro, aggregated for traders.
US Indices Open Higher: Dow +0.26%, S&P 500 +0.54%, Nasdaq +0.82%
US stock indices advanced at the opening bell: the Dow Jones rose 136.27 points (0.26%) to 52,282.69, the S&P 500 gained 40.50 points (0.54%) to 7,498.19, and the Nasdaq added 208.09 points (0.82%) to 25,728.34.
Oil Supported by Diplomatic Risk, BNY Says
BNY's Geoff Yu notes that Iran's signals of continued military response alongside active mediation keep the Middle East conflict in a managed but unstable state, underpinning oil prices.
Silver climbs toward $57 as safe-haven demand offsets Fed hike expectations
Silver (XAG/USD) rose 1.6% on Monday to near $56.90 per ounce, driven by safe-haven buying amid Middle East tensions despite renewed expectations of Fed rate hikes.
Houthis Declare Maritime Embargo on Saudi Arabia Through Bab al Mandeb
Yemen's Houthis announced a maritime embargo against Saudi Arabia, barring Saudi vessels from transiting the Bab al Mandeb Strait. Saudi Arabia ships about 4.5 million barrels of crude oil per day through this key waterway.
Canada June CPI Misses Estimates Across All Measures
Canada's June CPI came in lower than expected, with headline CPI falling 0.4% month-on-month versus a -0.2% forecast, and annual rate dropping to 2.8% from 3.2%.
AI Boosts US Business Formation by 45% Since ChatGPT Launch
The number of AI-related businesses in the US has surged 45% since ChatGPT launched in November 2022, outpacing other sectors and driving a 20% overall increase in new business formations.
Geopolitical Shocks Tighten Crude and Diesel Markets, Rabobank Says
Renewed U.S.-Iran tensions, Russia-Ukraine strikes, and CPC loading disruptions have lifted crude and refining margins sharply, with Brent briefly topping $90. Rabobank highlights severe diesel-market tightness affecting export policy and U.S. pump prices.
Markets in Wait-and-See Mode Amid Geopolitical Uncertainty
Capital markets opened mostly quiet as Japanese markets were closed and the Middle East conflict expanded over the weekend. Crude oil prices initially rallied but later pulled back.
WTI Pulls Back to $82 After Rally; Analyst Maintains Bullish Bias
West Texas Intermediate crude oil has retreated to around $82 after climbing from approximately $68 to $85. An analyst says the next price move will determine whether the uptrend continues or was just a corrective phase.
Aluminum Could Be Next Scarcity Trade as Market Tightens
While gold and copper dominate headlines, aluminum is showing signs of a structural supply squeeze that could make it the next big scarcity trade.
Russian Missile Strike on Turkish-Owned Grain Ship Kills 10 Near Odesa
A Russian missile struck the Turkish-owned cargo ship Golden Leo as it departed Odesa with grain, killing 10 people. Ukraine condemned the attack as a deliberate targeting of civilian shipping amid an intensified campaign against Black Sea ports.
UK Changes Leaders, Iran Unchanged, China Progress Sparks Caution
The UK undergoes a leadership change while Iran remains stagnant, contributing to cautious market sentiment amid directionless geopolitics and recent Chinese advancements.
Andy Burnham to Become UK Prime Minister Today
Andy Burnham is set to officially assume the role of Prime Minister around lunchtime today, with political observers focusing on his cabinet picks and policy agenda.
Iran Says Door to US Talks Not Closed, Policy Based on National Interests
Iran's foreign ministry spokesperson stated on Monday that Tehran pursues war and diplomacy based on its national interests, and indicated that the door to talks with the United States is not necessarily closed.
Brent Oil Near $90 as Rabobank Warns of Energy Risks from Hormuz Tensions
Rabobank highlights that Brent crude trading near $90 alongside elevated crack spreads points to tight energy conditions, with geopolitical risks escalating around Iran and the Strait of Hormuz.
Oil Prices Jump Over 3%, Testing $91 as Stocks Brace for Earnings
Brent crude surged more than 3% to test $91 per barrel, the highest in months, as geopolitical tensions and earnings season dominate the week ahead.
Iran Rejects Choice Between Negotiations and War, Says Diplomacy and Defense Align
Iran's Foreign Ministry dismissed the framing of its options as a binary choice between negotiations and war, asserting that diplomacy and defense serve the same national interests.
ForkLog Launches "Corporates" Section for Company News
ForkLog has introduced a new "Corporates" section aggregating news about companies, products, and deals, with a unique discussion mechanic featuring three perspectives.
WTI Oil Climbs to Fresh One-Month Highs Near $84.00 on Iran Escalation
WTI oil prices surged to a one-month high near $84.00 on Monday as escalating US-Iran hostilities threaten an all-out war, keeping the Strait of Hormuz closed to shipping.
Deutsche Bank: Oil, Geopolitics, AI Doubts Weigh on Global Stocks
Deutsche Bank strategists note that rising oil and gas prices, escalating US-Iran tensions, and renewed skepticism over the AI trade are pressuring global equities.
Moonshot AI's Kimi K3 Debut Shakes US Markets, SpaceX Rocket Fails
China's Moonshot AI unveiled its Kimi K3 model on Friday, causing a stir in US markets, while SpaceX's latest rocket launch ended in failure due to multiple engine issues.
Brent Oil Breaks Above $90 on Persian Gulf Conflict Disruptions
ING analysts note Brent crude has surpassed $90 per barrel amid escalating conflict in the Persian Gulf and potential chokepoint closures disrupting vessel traffic.
US-Iran Conflict Worsens as US Deaths Reported; CSRC to Meet on Stabilization
Tensions between the US and Iran escalate following reported US casualties. Meanwhile, Chinese equities gain as the CSRC plans a meeting with market players on stabilization. The AI value chain faces disruption from open-source models, China competition, and token commoditization.
Hungary to Continue Monetary Easing; ECB Expected to Hold Rates
Hungary is set to continue its monetary easing cycle, while the ECB is expected to hold rates steady at its Thursday meeting as inflation remains subdued and recent commodity price increases are not enough to trigger a policy change.