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US Stock Indices Open Higher, Nasdaq Leads with 2.18% Gain
US major stock indexes opened sharply higher on the trading day. The Nasdaq surged 563.71 points (2.18%), the Dow Jones gained 598.43 points (1.17%), and the S&P 500 rose 99.46 points (1.34%).
Warsh Takes Helm at Fed with June Meeting Rate Hold Expected
Kevin Warsh was confirmed as Federal Reserve Chair on May 22, 2026, and will preside over his first FOMC meeting on June 16-17. The market anticipates no change in interest rates.
Lawsuit Alleges Anthropic Misled Consumers on Claude AI Subscription Limits
A federal lawsuit filed Monday claims the maker of Claude AI misled consumers about usage limits of its premium subscription plans. The suit seeks class-action status on behalf of purchasers since April last year.
Platinum Hits Record Highs, Elliott Wave Sees Secular Bull Run
Platinum surged to fresh all-time highs in late January, with Elliott Wave analysis indicating a double three correction and the start of a long-term secular bull market.
US VP Vance Expects Strait of Hormuz to Be Open Toll-Free Long Term
US Vice President JD Vance said in a CNBC interview that the Strait of Hormuz should remain open without tolls over the long term, a statement with potential implications for global oil flows and currency markets.
Silver Surges as US Dollar Weakens on US-Iran Framework, Fed in Focus
Silver (XAG/USD) rallied nearly 4% on Monday, trading around $70.70, as the US Dollar slipped amid reports of a US-Iran framework and ahead of the Federal Reserve's policy decision.
Iran: Lebanon sovereignty part of interim US agreement
Iran's foreign ministry spokesperson stated on Monday that respecting Lebanon's sovereignty is part of an interim agreement with the United States.
Brent Retreats Toward $80 on Supply Optimism – MUFG
Oil prices fell toward $80 per barrel as markets anticipate normalized flows through the Strait of Hormuz after US-Iran developments, according to MUFG analyst Lee Hardman.
US-Iran Deal Hopes Lift Risk Appetite, Oil Near Lows
The prospect of a US-Iran agreement has boosted risk appetite despite unclear details, with oil prices hovering near two-month lows.
Iran Deal Takes Bank of England Rate Hike Off Table
A revived Iran nuclear deal could keep UK inflation below 4% by restarting oil flows, allowing the Bank of England to skip a summer rate hike. A 7-2 vote in favor of no change is expected.
Deutsche Bank: Oil and AI Stocks Surge, Bonds and European Equities Decline
A Deutsche Bank review of market performance from late February to late March shows oil and AI-related trades surged, while bonds, most European equities, and precious metals fell.
Strait of Hormuz Closed for Over 96 Hours: IRGC Navy Halts Passage
The IRGC Navy has not issued passage permits for over 96 hours, effectively closing the Strait of Hormuz to all vessels until further notice, according to IRIB News Agency.
Brent Oil Tumbles to Three-Month Low on US-Iran Peace Deal Optimism
Brent crude oil fell to its lowest in over three months on Monday, opening with a gap lower amid renewed optimism that a US-Iran peace deal could be reached.
Brent Crude Plunges 35% from April Peaks on US-Iran Deal Prospects
Societe Generale reports Brent crude dropped sharply after a US-Iran memorandum of understanding and reopening prospects for the Strait of Hormuz. Prices are down 35% from April highs but remain above pre-war levels.
HSBC: Hawkish Pivot Reshapes Global Macro as Oil, China Exports, US AI Surge
HSBC Asset Management flags a hawkish pivot in its weekly outlook, driven by higher oil prices, a surge in Chinese exports, and rising US AI investment.
WTI crude plunges to three-month low below $79 on US-Iran deal hopes
West Texas Intermediate crude oil fell around 5% to a three-month low of $78.60 per barrel on Monday, as reports of a potential US-Iran deal eased supply concerns.
Slovenia GDP Growth Accelerates to 3% in Q1 2026, External Risks Linger
Slovenia's GDP grew 3% year-on-year in the first quarter of 2026, driven by domestic demand, though negative inventory contributions and weak external trade weighed on the headline figure.
Dow Jones Futures Surge on US-Iran Peace Deal
Dow Jones futures rose over 1% to near 51,750 during European trading on Monday, driven by a US-Iran peace deal. S&P 500 and Nasdaq 100 futures also advanced.
Qatar to Host Separate US-Iran Meetings Before Deal Signing
Qatar will hold separate meetings with US and Iranian officials in Doha to resolve critical differences ahead of a deal signing on Friday, according to a diplomatic source cited by AFP and reported by The Economic Times.
US Responsible for Implementing Agreement, Leader Says
A statement reports that a leader credited the US with implementing an agreement and thanked three countries for supporting a ceasefire and diplomatic efforts.
ECB's Nagel: Oil Supply Normalization Will Take Months, Inflation Remains High
ECB Governing Council member Joachim Nagel stated that it will take months for oil supply to return to normal and that there is no relief from high inflation in the foreseeable future, despite the US-Iran deal finalization.
Iran-US Ceasefire Extension Fuels Market Optimism
Overnight reports indicate the US and Iran have agreed to extend their ceasefire and reopen the Strait of Hormuz, sparking a risk-on mood in early trading.
Ben Gvir: Israel Not Bound by Iran-US Deal
Israel's National Security Minister Itamar Ben Gvir stated that the country is not bound by the US-Iran agreement, emphasizing Israel's sovereignty and independence from US policy.
India's WPI Inflation Accelerates to 9.68% in May, Beats Estimates
India's Wholesale Price Index (WPI) inflation rose to 9.68% year-on-year in May, exceeding the consensus estimate of 9.1%.