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Iran Threatens Strait of Hormuz Closure; US Futures Drop 1%
Iran's military announced it will re-close the Strait of Hormuz, citing US failure to stop fighting in Lebanon. Markets opened nervous with US equity futures down 1%.
Household consumption price levels vary widely across EU in 2025
Price levels for household final consumption expenditure differ significantly across EU countries in 2025, with Denmark, Ireland, and Luxembourg leading.
Asian Stocks Mixed as US-Iran Talks Progress; Nikkei Up 2%
Asian stocks started the week lower, but Japan's Nikkei rallied 2% amid progress in US-Iran peace talks that eased geopolitical concerns.
Gold Edges Higher but Rally Limited by Fed Rate Bets, Iran Tensions
Gold (XAU/USD) rebounded modestly on Monday, breaking a three-day losing streak, but gains remain capped as hawkish Federal Reserve expectations and geopolitical risks from Iran keep buyers cautious.
Gold Least Overvalued in 2.5 Years, BofA Survey Shows
Bank of America's latest Global Fund Manager Survey reveals the net percentage of investors viewing gold as overvalued has dropped to its lowest level since early 2024, making it the least overvalued in about 2.5 years.
Israeli Media: Lebanese Army to Deploy Behind IDF Withdrawal Under US Supervision
Israeli media reports an emerging understanding for the Lebanese army to deploy in areas vacated by the IDF under U.S. supervision, with Israel expected to partially withdraw from southern Lebanon's 'yellow line' buffer zone.
US Margin Debt Surges to Record $1.4 Trillion, Signaling Excessive Risk
U.S. margin debt rose by $112 billion to a record $1.4 trillion last month, more than doubling from 2023 levels, according to Topdown Charts. The surge is viewed as a warning of excessive risk-taking in financial markets.
Anthropic Faces IPO Ambitions Amid Growing Political Backlash
AI startup Anthropic is pursuing a blockbuster IPO with a potential valuation near $1 trillion, but rising U.S. political and regulatory scrutiny poses a significant risk.
Qatar, Pakistan Committee Finalizes 60-Day Roadmap for US-Iran Deal
A high-level committee comprising Qatar and Pakistan has agreed on a roadmap to finalize a deal within 60 days, coinciding with US-Iran peace talks held in Switzerland.
China to Impose Procurement Measures on 46 US Firms, Add 10 to Export Control
China's Finance Ministry announced on Monday it will impose procurement restrictions on 46 US companies and add 10 US entities to its export control list.
Iran Announces Lifting of Oil and Petrochemical Sanctions, Release of Frozen Assets
Iran's foreign minister stated that sanctions on oil and petrochemical exports have been waived, the blockade ended, and frozen assets partially released, as a large reconstruction program begins.
China New Home Prices Fall Further in May, Housing Crisis Deepens
New home prices in 70 Chinese cities fell 0.2% month-on-month in May, accelerating from a 0.1% drop in April, while existing home prices posted the largest monthly decline in three months, deepening the country's prolonged property downturn.
US Economic Surprise Index Hits 63.2, Highest Since August 2023
The US Economic Surprise Index reached 63.2 points, the highest since August 2023, driven by a string of strong economic data beats including jobs, ISM PMIs, and factory orders.
TX3 Futures Debuts Capital Funding Platform, Surpassing $35 Million in Payouts
TX3 Futures, the futures funding platform born from TopTier Trader's rebrand under broker TX3 Markets, announced it has distributed over $35 million in verified payouts to more than 8,000 traders, with payouts fully disbursed within 24 hours.
Gold edges lower near $4,150 on US-Iran uncertainty, hawkish Fed signals
Gold (XAU/USD) trades with mild losses around $4,155 during the early Asian session Monday as traders assess US-Iran peace talks uncertainty and hawkish Federal Reserve signals.
Product Tanker Evades Armed Boarding Attempt Near Yemen
A product tanker reported an attempted boarding by five armed individuals in a skiff southeast of Al-Shihr, Yemen. The crew took evasive maneuvers and altered course, successfully avoiding the attackers; no injuries or damage were reported.
Iran Refuses to Return to Quadrilateral Talks After Trump Threats
Iranian negotiators have refused to rejoin quadrilateral talks in Switzerland following threats from President Trump. Mediation efforts via Qatar and Pakistan continue, but no breakthrough has been reached.
WTI Surges Nearly 2% on Strait of Hormuz Closure and Peace Talk Uncertainty
West Texas Intermediate crude oil jumped nearly 2% in early Asian trade Monday, opening with a bullish gap above $1 and retesting the $78 level, driven by the closure of the Strait of Hormuz and fragile peace negotiations.
Iran Protests Trump Threats, Holds Qatar Talks; Oil Blockade Breached
Iran lodged a formal protest with the US over President Trump's threats, as bilateral talks with Qatar began following four-party negotiations in Switzerland. NIOC reported that over 25 million barrels of Iranian oil have passed the blockade since Monday.
UK PM Starmer to Announce Exit Plan on Monday, Source Says
UK Prime Minister Keir Starmer is weighing his political future and plans to announce an exit on Monday, according to a Reuters source, following Andy Burnham's decisive parliamentary election victory.
Iran Suspends US Talks, Closes Strait of Hormuz Over Israeli Strikes
Iranian negotiators have suspended high-stakes talks with the US in Switzerland after Iran shut the Strait of Hormuz over Israeli attacks on Lebanon, escalating geopolitical tensions.
Trump Blasts Italy on Truth Social Over Iran Nuclear Threat
Former President Trump criticized Italy on Truth Social for refusing to engage on the Iran nuclear threat, contrasting decades of U.S. NATO defense spending with Italy's lack of reciprocal support.
Unprofitable Russell 2000 Companies Outperform Profitable Ones Since April
Russell 2000 companies with negative EPS have returned +60% since April 2025, outperforming profitable firms (+38%) and the overall index (+48%). The trend accelerated after the Iran-US ceasefire on April 7th as investors piled into small-cap tech stocks.
The Kobeissi Letter Publishes Weekly Macro Commentary for June 22
The Kobeissi Letter has released its weekly edition for June 22, along with the Chart of the Week. Both are available for viewing or free sign-up via the provided links.