Market news
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Bessent: FISA Critical for Treasury to Counter Terrorist Financing
Treasury Secretary Bessent said FISA is a vital tool to prevent terrorists from using the financial system and to gather intelligence on adversaries like Iran and Hamas, urging Congressional Democrats to prioritize national security over politics.
Iran Defense Ministry Calls for Regional Ceasefire
Iran's defense ministry has called for a regional ceasefire, stating that continued aggression and warmongering will inevitably compel acceptance of a halt to hostilities across all fronts.
CENTCOM Announces Impartial Blockade Enforcement on All Vessels Near Iranian Ports
U.S. Central Command stated that the naval blockade around Iranian ports is being enforced impartially against vessels of all nations, including those in the Arabian Gulf and Gulf of Oman.
CENTCOM Disables 9 Vessels, Redirects 135 Since April 13 Blockade
US Central Command reports disabling nine non-compliant vessels and redirecting 135 compliant ships since starting a blockade on April 13, with 42 vessels allowed through for humanitarian aid.
US aircraft disable two Palau-flagged vessels over Iran blockade violations
US aircraft disabled the Palau-flagged tankers M/T Marivex and M/T Settebello earlier this week for attempting to breach the blockade by sailing to an Iranian port or transporting Iranian oil.
Gold Bounces from $4,000 but Stays Below $4,100
Gold (XAU/USD) edged higher on Thursday, attempting to recover from the $4,000 psychological support level, but remains capped below $4,100 amid geopolitical jitters and shifting Fed rate expectations.
Bears Hold Grip on Brent Despite Middle East Tensions
Brent oil price remains in a $90–$95 range for a fifth day, as markets shrug off renewed Middle East tensions and a large US crude inventory draw.
Iran Denies Reports of Finalized Agreement with US
Iran has denied media claims that a final text for an understanding with the US has been reached, labeling the reports as fabrication.
Oil and Gas Executives Warn White House of Gasoline Price Surge Amid Falling Inventories
Oil and gas executives have warned the White House that gasoline prices could surge in coming months as fuel inventories fall to critical lows, complicating efforts to contain inflation.
Kuwait Reaffirms Support for Bahrain and Jordan's Security
Kuwait's foreign ministry has reiterated its steadfast support for the security and stability of Bahrain and Jordan, standing by their measures to protect sovereignty.
Iran: US projectile hits cargo boat in Gulf of Oman
Iran's local governor reports that a US projectile struck a cargo vessel in the Gulf of Oman during Thursday's European trading session.
Gold Extends Losses as Yields Rise on Persistent Inflation
Gold prices are falling as strong U.S. yields and persistent inflation data prompt a reassessment of monetary policy, according to ING analysts.
Apollo's Zito: Tokenomics Debate Misses the Point Amid AI Cost Focus
Apollo's John Zito argued at the Morgan Stanley US Financials Conference that the market is measuring the wrong aspects of tokenomics, while the real focus should be on the AI invoice.
Danske Bank: Risk-Off Rotation Hits Global Equities on Weak Sentiment
Danske Bank notes a risk-off rotation in global equities as weak sentiment drives major indices lower and defensive positioning across sectors.
Geopolitical Tensions Drive Oil Higher; CEE Inflation Pass-Through Delayed
Rising geopolitical tensions, including US President Trump's threat of fresh strikes on Iran, have pushed oil prices up. Analysts note a delayed pass-through from energy costs to inflation in Central and Eastern Europe.
ECB Rate Decision Approaches as Iran Threatens Strait of Hormuz
Markets await the ECB's expected rate hike amid signals for future policy, while Iran's Revolutionary Guard threatens to close the Strait of Hormuz and targets vessels.
WTI crude rises near $89.50 as US launches new strikes on Iran
West Texas Intermediate crude oil edged higher to around $89.50 during early European trading on Thursday amid renewed US military strikes against Iran.
Gold Breaks 200-Day Moving Average, Loses Safe-Haven Status Amid Meltdown
Gold prices have crashed through the 200-day moving average, with traders reporting that the metal is now behaving like collateral damage in a broader market meltdown rather than a safe haven.
U.S. Real Spending Excluding Energy Rebounds 1.5% in May
Real spending excluding energy rose 1.5% month-over-month in May, reversing April's 1.0% decline, and was 2.1% higher year-over-year despite energy headwinds.
Gold Pauses Recovery, Stalls Near $4,100 on US Inflation, Mideast Tensions
Gold paused its recovery from seven-month lows of $4,024 on Wednesday, facing fresh selling interest above $4,100 as hot US inflation and ongoing Middle East tensions kept safe-haven demand in check.
Fertilizer Prices Ease as US Spring Demand Fades
Granular urea prices in New Orleans fell to $453.5 per short ton, the lowest since February, down 36% from mid-April highs. The decline is driven by a drop in seasonal demand after US farmers completed spring applications.
Trump to Meet AI Execs on Giving Americans Stake in AI Wealth
President Trump says he will soon meet with top AI executives to discuss plans to give Americans a stake in AI companies' wealth, claiming it will make the public very rich.
US Hiring Rate Drops to Second-Lowest Since Pandemic, Conflicting with Strong Jobs Reports
The US hiring rate fell to 3.2% in April, the second-lowest since the pandemic, while JOLTs and the May jobs report both beat expectations, creating conflicting signals in the labor market.
Iran Launches Drone Operation Against US Fifth Fleet in Bahrain
Iran's military announced a drone operation targeting the US Navy's Fifth Fleet in Bahrain, citing retaliation for US strikes in southern Iran.