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Trump Calls Iran 'Dishonorable,' Rejects Leaked Deal Terms
President Trump stated that leaked deal terms from Iran are not the agreed terms, calling Iranian leaders 'very dishonorable' and lacking good faith.
Trump Denies Iran Leak, Calls Tehran Dishonorable Over Drone Attack
President Trump claimed that terms leaked by Iran to the media are not the real agreement and criticized Tehran's conduct, including a drone attack on Indian ships near the Hormuz Strait.
White House Official: Iran Deal Requires Nuclear Dismantlement, Performance-Based
A White House official, cited by Fox News, outlined key terms of a new Iran deal, including destruction of nuclear material, dismantling of the nuclear program, and performance-based release of funds.
US Stocks Open Mixed as Dow, S&P 500 Rise; NASDAQ Falls
At the market open, the S&P 500 gained 0.18% to 7,407.28, the Dow Jones rose 0.62% to 51,165.08, while the NASDAQ edged down 0.03% to 25,801.22.
Copper Near Record Highs on Supply Tightness, Tariff Risks – ING
ING notes LME copper is trading near record highs, supported by supply tightness, US tariff-driven stockpiling, and AI-related power demand. The COMEX-LME spread remains elevated as the market prices in tariff risk.
Gold Holds Near $4,200 as US-Iran Deal Talks Weigh
Gold consolidates around $4,200 after recovering from a nearly seven-month low of $4,023, as traders assess potential US-Iran peace deal developments.
US Copper Tariff Decision Expected by June 30
The US Commerce Secretary must deliver a recommendation on copper import tariffs to President Trump by June 30. Markets have already begun pricing in potential outcomes.
Warsh’s First FOMC Meeting Seen Neutral, Rate Cuts Removed from Dot Plot
Nordea’s Jan von Gerich predicts Kevin Warsh’s debut FOMC meeting on June 17 will deliver a more neutral policy stance, with earlier projected rate cuts likely removed from the dot plot and some hike calls appearing.
ECB Hikes Rate to 2.25% in First Move Since 2023, Hawkish Tone
The European Central Bank raised its deposit rate to 2.25%, its first rate hike since 2023, and delivered hawkish messaging, according to Deutsche Bank economists.
WTI Oil Falls for Second Day as US-Iran Deal Hopes Ease Tensions
West Texas Intermediate (WTI) extends its decline for a second straight day, trading near $82.90, as investors unwind defensive positions amid growing optimism over a potential US-Iran deal that could reduce the risk premium tied to Hormuz Strait disruptions.
Iran: No Commitment on Strait of Hormuz in US MOU
Iran's state news agency IRNA reports that a memorandum of understanding with the US includes no commitments on managing the Strait of Hormuz. Future administration of the strait will be decided regionally via dialogue between Tehran and Oman.
Gold Slides Nearly 3% Weekly, Breaks Below 200-Day MA
Gold fell close to 3% week-over-week, trading below its 200-day moving average despite a halt in airstrikes on Iran. Prices are now roughly 20% lower than their level at the start of the conflict.
Drafted US-Iran MOU Sparks Optimism, Aids SpaceX IPO
Optimism over a drafted memorandum of understanding between the US and Iran is providing macro tailwinds that could benefit the potential SpaceX IPO, while European markets digest the latest ECB rate hike ahead of a more complicated policy decision in July.
ECB Raises Rates by 25 bps, Calls It an Adjustment Not Start of Tightening Cycle
The European Central Bank raised its key interest rates by 25 basis points to 2.25%, describing the move as an adjustment rather than the beginning of a tightening cycle.
Silver Falls 0.17% to $67.26 on Friday
Silver prices edged lower on Friday, trading at $67.26 per troy ounce, down 0.17% from the previous close of $67.37, according to FXStreet data.
Markets Shift From Fear to Hope on Geopolitical Hopes
Global markets have moved from fear to hope as investors price in potential Middle East de-escalation, lower oil prices, and stronger equity momentum.
Iran: US MoU Needs Finalization by Relevant Authorities
Iran's Mehr news agency reported on Friday that the draft memorandum of understanding with the United States regarding a permanent peace deal requires finalization by relevant authorities.
Brent Drops Below $90 as Downtrend Extends: Societe Generale
Societe Generale analysts note Brent crude has fallen below $90 per barrel amid US-Iran deal hopes and President Trump's cancelled strikes, with technical indicators confirming a sustained downtrend.
ECB's Makhlouf Says Central Bank Must Get Ahead of Inflation
European Central Bank Governing Council member Gabriel Makhlouf stated on Friday that the central bank needs to act preemptively to prevent inflation from accelerating further.
Brent Dips Below $90 on Ceasefire Hopes, ING Sees Upside Risks
ING analysts note that Brent crude has fallen below $90 per barrel amid renewed ceasefire hopes, but they warn that upside risks remain in focus.
Philippine Military Vows to Continue Duty Amid Foreign Pressure
The Philippine military spokesperson stated that the armed forces will perform their constitutional duty despite any foreign pressure or attempts to target its leadership.
Equities Rally on Iran De-escalation Hopes – Danske Bank
Global equities rallied sharply on signals of a potential US-Iran peace agreement that could reopen the Strait of Hormuz and curb nuclear tensions, according to Danske Bank.
SEC Proposes Rescinding Regulation NMS Rules 611 and 610(e)
The SEC has proposed rescinding Rule 611 and subparagraph (e) of Rule 610 under Regulation NMS, aiming to reduce costs and let competition and innovation drive US equity market evolution.
Bearish Elliott Wave Pattern Targets WTI Crude at $68–$73
WTI Light Crude Oil maintains a bearish sequence from its May 19, 2026 high, with wave analysis suggesting a decline toward the $68–$73 range.