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WTI Oil Rises as Middle East Tensions Outweigh OPEC+ Output Hike
WTI crude oil climbed to around $89.95 on Monday, gaining 1.57% as escalating geopolitical tensions between Israel, Iran, and the Houthis overshadowed OPEC+'s planned production increase.
Foreign Investors Unload South Korean Stocks at Record Pace
Foreign investors sold $801 million of Kospi-listed shares on Monday, adding to $10 billion in outflows from the prior week. Year-to-date sales total $75 billion, according to Goldman Sachs.
CENTCOM Disables 7 Vessels, Redirects 134 Since April 13 Blockade
U.S. Central Command reports it has disabled seven non-compliant vessels and redirected 134 ships that complied since initiating a naval blockade on April 13, while allowing 42 humanitarian aid vessels to pass.
US Warship Disables Tanker Bound for Iran in Gulf of Oman
CENTCOM reported that a US Navy F/A-18 Super Hornet disabled the Palau-flagged tanker M/T MARIVEX in international waters after the crew ignored directives. The vessel is no longer heading to Iran.
NY Fed Survey: Consumer Inflation Expectations Largely Stable, Job Market Weakens
The New York Fed's May Survey of Consumer Expectations shows that inflation expectations remained largely unchanged, while perceptions of the labor market deteriorated.
Oil Prices Spike Then Drop on Middle East De-escalation
Brent crude briefly surged after Israel attacked Iran's energy infrastructure and Iran retaliated, but gains reversed when Iran announced an end to attacks, easing supply fears.
Saudi Defense Ministry: Ballistic Missile Fired from Yemen Fell in Empty Area Near Border
Saudi Arabia's Defense Ministry reported that a ballistic missile launched from Yemen was heading toward a regional country but fell in an empty area near the Saudi-Yemeni border.
Record $1.1B Volume in Leveraged S&P 500 and Chip ETFs
Combined trading volume in 3x leveraged S&P 500 and semiconductor ETFs hit a record $1.1 billion on Friday, more than quadrupling over recent sessions. Total US-listed option volumes also surged to 107 million contracts, the second-highest ever, signaling strong risk appetite.
National Bank Analysts Urge BoC to Add Explicit Unemployment Forecast
Analysts from National Bank of Canada suggest the Bank of Canada should include an explicit unemployment rate projection in its quarterly Monetary Policy Report.
Societe Generale: Euro Area Growth Noise, Inflation Outlook
Societe Generale strategists argue that the negative first-quarter GDP print mainly reflects Irish volatility, with ex-Ireland growth at 0.3% qoq.
US Airlines Fuel Costs Surge 78% in April Amid Iran War, Fares Jump 20.7%
US airlines paid $6.5 billion in fuel costs in April 2025, a 78% increase year-over-year, driving a 20.7% rise in fares. Globally, carriers face an estimated $100 billion in extra fuel costs in 2026.
Gold Extends Decline, Hits 2½-Month Low After Friday's 3.2% Plunge
Gold prices continued their slide on Monday, touching a 2½-month low as losses from Friday's sharp drop persisted. The metal may pause near a bear-channel support line.
JPMorgan Warns Oil Market Calm Masks Persistent Strait of Hormuz Risk
JPMorgan commodity strategist Natasha Kaneva cautions that despite the current calm in oil markets, the risk related to the Strait of Hormuz remains high and could flare up.
US Stock Indices Rally at Open: Nasdaq Up 1.47%, Dow +0.42%
The three major US indices opened higher, with the Nasdaq Composite leading gains up 1.47%.
Serbia GDP Growth Forecast Revised Up for 2026
Serbia's 2026 GDP growth forecast has been raised to 2.9% year-on-year, driven by strong wage gains and consumption, while the 2027 outlook remains unchanged at 4%.
Record $65B in Leveraged Asian ETFs, SK Hynix Tracking Anomaly
Leveraged ETFs in South Korea and Taiwan hit a record $65 billion in AUM, up 490% since 2026. A SK Hynix 2x long ETF surged 50% despite a 7.7% drop in the underlying stock, showing a rare tracking divergence.
ECB Expected to Hike, Fed Possibly in July; Trump Urges Iran-Israel Ceasefire
The ECB is anticipated to raise rates this week, while the Fed may follow in July. Meanwhile, Trump's call for a ceasefire between Iran and Israel signals a push for prolonged peace, though the US stance appears untenable.
Israel Halts Iran Strikes at Trump's Request, Threatens Beirut
Israeli officials say strikes against Iran have been paused at President Trump's request, while operations in southern Lebanon continue and Beirut is threatened if attacked.
Nasdaq 100 Futures Surge Over 1.5% on Iran-Israel De-escalation, Trump Deal Hopes
Nasdaq 100 futures jumped more than 1.5% after Iran announced it is halting military operations against Israel and President Trump said he is working toward a 'final deal' with Iran.
Iran President Prioritizes National Security, Vows Not to Retreat from Threats
Iranian President Masoud Pezeshkian stated that the country's priority is national security and peace, vowing to defend rights with authority while maintaining both diplomatic and defense efforts.
Iran Halts Military Operations Against Israel; US Stocks Rise
Iran announced a halt to its military operations against Israel after several attacks. The IRGC warned of a stronger response if Israel strikes again, while President Trump called for an immediate ceasefire. US stocks rose on the news.
Trump: Israel and Iran Seeking Immediate Ceasefire, Final Peace Talks Underway
Former President Trump says both Israel and Iran are pushing for an immediate ceasefire, with final peace negotiations underway. He warns that the blockade will remain in full force until a final deal is reached.
Trump Urges Israel and Iran to Halt Attacks
US President Donald Trump called on Israel and Iran to immediately stop their exchange of attacks, posting the message on Truth Social during the European trading session.
Iran claims full blockade of Bab el-Mandeb and Strait of Hormuz, threatens strikes on Gulf energy infrastructure
Iran has reportedly fully blocked the Bab el-Mandeb strait along with the complete closure of the Strait of Hormuz, and is threatening strikes on oil, gas and energy infrastructure of US-allied Gulf countries in retaliation for Israeli strikes on a petrochemical complex.