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WTI Oil Hits Three-Month Low Below $74 Amid Middle East Peace Hopes
WTI crude oil fell to a three-month low under $74 on Thursday, driven by hopes of a US-Iran peace deal and reopening of the Strait of Hormuz, heading for a weekly drop of over 10%.
UK labour data mixed, Deutsche Bank says MPC patience extended
Deutsche Bank's chief UK economist notes that recent UK labour market figures show stronger employment but softer pay growth, keeping the MPC in a wait-and-see mode.
Swiss Government Prepares for Friday Peace Talks on Bürgenstock with U.S., Iran, Pakistan, Qatar
The Swiss government confirmed preparations for a Friday meeting at Bürgenstock involving the U.S., Iran, Pakistan, Qatar and others to begin implementing a peace agreement.
Gold Faces Credibility Test After Hawkish Fed
Gold enters the European session trading near key resistance levels after a volatile reaction to the Federal Reserve's hawkish stance.
Gold retakes $4,300 as US-Iran peace deal weighs on USD
Gold (XAU/USD) climbs back above the $4,300 mark during Asian trading as a US-Iran peace deal pressures the US Dollar following hawkish Fed commentary.
Gold bounces above $4,300 as US-Iran peace deal offsets Fed hawkish hold
Gold recovers losses above $4,300 in Thursday Asian trading, as the US-Iran peace deal signing offsets the impact of the Federal Reserve's hawkish monetary policy decision.
Global Government Bond Issuance via Banks Hits Record $504B in H1 2026
Syndicated government bond sales surged to $504 billion in the first half of 2026, a record high that surpasses even the emergency borrowing of early 2020. Italy, Germany, the UK, Belgium, and Serbia led with their largest-ever deals.
WTI Holds Gains Above $75.00 Despite Easing Supply Concerns
West Texas Intermediate crude oil edged higher to around $75.10 per barrel during Asian hours on Thursday, breaking a five-day losing streak. The uptick came despite reduced geopolitical risk and lingering Fed rate hike expectations for 2026.
Three Largest S&P 500 ETFs Hit Record $2.6 Trillion in Combined AUM
The three largest S&P 500 ETFs—VOO, IVV, and SPY—now hold a combined $2.6 trillion in assets, with VOO becoming the first ETF to surpass $1 trillion. Their assets have tripled since the 2022 bear market.
HSBC Australia Faces A$35 Million Penalty Over Scam Protection Failures
Australia's corporate regulator ASIC is seeking a A$35 million penalty after HSBC Australia admitted to serious failures in protecting customers from scams. The bank has launched a large-scale compensation and remediation program.
Asia-Pacific Markets Mixed, US Futures Recover After Hawkish Fed
Asia-Pacific equities opened mixed with a positive bias, while U.S. stock futures recouped some losses from the hawkish FOMC outcome, buoyed by the U.S.-Iran memorandum of understanding.
Japan Weekly Security Flows: Foreign Bond Buying Improves
Japan's weekly security flows data shows increased buying of foreign bonds and reduced selling of foreign stocks, while foreign buying of Japanese bonds improved but selling of Japanese stocks intensified.
China EV Charging Volumes Hit Record in April, Up 69% YoY
China's public EV charging volumes surged to a record ~10.5 billion kWh in April, up 69% year-on-year, as rising gasoline and diesel prices accelerate the transition.
Fed Shifts to Hawkish Stance at First Meeting Under Warsh
The Federal Reserve took a more hawkish tone at its first meeting chaired by Kevin Warsh while keeping rates unchanged. Operational adjustments are expected in the coming months.
Fed Holds Rates, Streamlines Statement to Three Key Points
The Federal Reserve kept policy unchanged and issued an aggressively shortened statement emphasizing three core messages: rate hold, commitment to ample reserves, and forward guidance shift under Kevin Warsh's influence.
Long-Term Inflationary Cycle Still in Early Stages, Historical Parallel Suggests
Drawing parallels to the inflationary era of the 1960s and 1970s, the post suggests the current secular inflationary cycle may still be in its early phases.
NZ Q1 GDP Misses Expectations at 0.8% QoQ
New Zealand's economy expanded 0.8% quarter-on-quarter in Q1 2026, falling short of the 1.0% consensus estimate. The prior quarter was revised up to 0.5% from 0.2%.
US Confirms Iran MOU Signed Digitally by Vance, Qalibaf
A US official confirmed that a memorandum of understanding between the US and Iran was signed digitally on Sunday by Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Qalibaf, witnessed by President Donald Trump. Trump and Iranian President Pezeshkian subsequently signed the document on Wednesday.
US and Iran Sign Deal to End Conflict, Reopen Strait of Hormuz
The US and Iran have signed an agreement to end their conflict and reopen the Strait of Hormuz. The deal was finalized via a remote signing by Trump and Iranian leadership, with delegations scheduled to meet in Switzerland on Friday for nuclear talks.
US Commits to Removing Obstacles to Iran's Frozen Funds, 60-Day Period Begins
Iran's Foreign Ministry confirms US commitment to unfreezing funds, with a 60-day period starting today, while blaming Israeli attacks on Lebanon as a breach of commitments.
US Housing Starts Plunge 15.4% in May to Lowest Since May 2020
US housing starts fell 15.4% month-over-month in May to an annualized rate of 1.18 million units, the lowest since May 2020. April's figure was revised down by 73,000 units. Multifamily starts dropped 40.2%, while single-family starts declined 1.9%.
South Korea Q1 GDP Revised Up to 1.8% QoQ, Fastest Since Q3 2020
The Bank of Korea revised Q1 2026 GDP growth to +1.8% QoQ, the largest quarterly expansion since Q3 2020, led by facilities investment and semiconductor exports tied to global AI infrastructure.
Iran: Hormuz Strait Will Not Return to Pre-War Conditions, Service Charges to Be Imposed
Iran's parliamentary speaker Qalibaf stated that the Strait of Hormuz will not revert to its pre-war state and that Iran will levy charges for services provided, while asserting that this does not contravene international law or navigation rules.
Iran Claims Sovereign Rights in Strait of Hormuz, Will Charge Fees
Iranian official Qalibaf stated that actions by adversaries have transformed Iran's potential in the Strait of Hormuz into reality, asserting sovereignty and announcing fees for passage services.