Market news
Crypto, stocks, forex and macro, aggregated for traders.
US official says Iranian drone struck US helicopter, crash cause under investigation
A US official cited by Axios reporter tells that a drone strike from Iran hit a US helicopter, causing the crash. Investigators have yet to determine whether the attack was intentional.
S&P 500 Reverses Sharply After Trump Says Iran Shot Down US Helicopter
The S&P 500 erased a 1.5% gain and $2.1 trillion in market cap within three hours after President Trump stated Iran shot down a US helicopter, prompting a sharp reversal.
Trump Reports US Apache Shot Down by Iran Near Strait of Hormuz
President Trump stated on Truth Social that Iran shot down a US Apache helicopter near the Strait of Hormuz, with both pilots safe. He indicated the US must respond to the attack.
EIA Raises 2026 WTI Price Forecast to $88.32, Brent to $95.39
The U.S. Energy Information Administration lifted its 2026 average price forecast for WTI crude to $88.32 per barrel and for Brent to $95.39 per barrel, while keeping 2027 estimates unchanged. U.S. oil output is expected to rise in June and July.
EIA Sees US Natural Gas Demand Rising Through 2027, Lowers World Oil Outlook
The US Energy Information Administration projects US natural gas demand to increase to 95 Bcf/d in 2027 from 91.2 Bcf/d in 2025, while cutting its forecasts for world oil demand and supply for 2026-2027.
EIA Forecasts US Oil Output at 13.72 Million Bpd in 2026, Up Slightly; Natgas Output Also Rises
The US Energy Information Administration (EIA) projects US crude oil output will average 13.72 million barrels per day in 2026, up from a prior estimate of 13.65 million bpd. For natural gas, output is seen rising to 111 billion cubic feet per day in 2026 from 110.6 bcf/d, while 2027 demand is forecast lower.
ForkLog Reviews 'Hyposubjects' on Singularity and AI Economy
ForkLog has analyzed Timothy Morton and Dominic Boyer's book 'Hyposubjects: On Becoming Human', exploring its concepts on singularity, AI agent economies, and the idea that the network is greater than the sum of its nodes.
Bloomberg Strategist Warns Rising Equity Issuance Signals Market Tops
Bloomberg macro strategist Simon White warns that rising equity issuance historically appears near market tops, corrections, or late-cycle bull markets.
Trump Family Reportedly Made $500M from Crypto Venture as Investors Suffered Losses
A Trump-linked crypto project generated approximately $500 million for the Trump family, while investors in the same venture reportedly faced significant financial losses.
US-Iran Talks Face Major Hurdles, Pakistani Sources Say
Pakistani government sources indicate that reaching an agreement to end the war between the US and Iran within days is unlikely due to a complex situation. Separately, Israel is accused of non-stop ceasefire violations in southern Lebanon.
US Indices Open Higher as Dow Adds 229 Points
The Dow Jones Industrial Average rose 229.40 points (0.45%) to 51,015.41 at the open, the S&P 500 gained 40.45 points (0.55%) to 7,446.18, and the Nasdaq Composite climbed 192.17 points (0.74%) to 26,121.83.
US CPI Release Tomorrow to Shift Focus Back to Macro
Markets are expected to refocus on macro fundamentals with tomorrow's US CPI release. The post also comments on geopolitical tensions involving the US, Iran, and Israel.
Gold Steadies as Middle East Optimism Offsets Hawkish Fed
Gold prices stabilize on Tuesday, supported by a softer US dollar and lower oil prices amid signs of de-escalation in the Middle East, though a hawkish Fed outlook limits gains.
Mexico May Inflation Slows to 3.94%, Below Forecasts
Mexico's headline inflation fell to 3.94% year-over-year in May, below the expected 4.03% and down from 4.45% in April, suggesting the central bank could maintain a softer monetary stance.
Gold May Have Bottomed at $4,300 as Ceasefire Weakens Dollar
Gold could be bottoming near $4,300 after the US dollar retreated following a ceasefire announcement between Israel and Iran, though persistent Middle East tensions limit further dollar weakness.
Poland's Central Bank Tops April Gold Purchases Among Peers
Poland's central bank was the largest buyer of gold among central banks in April, further cementing its position as a major sovereign accumulator of the precious metal.
China Urges Philippines to Halt Maritime Infringements and Provocations
China's Foreign Ministry spokesman Lin Jian called on the Philippines to stop infringing on China's maritime rights and to cease provocative actions and inflammatory publicity stunts.
Singapore Launches ASPIRE 2B Supercomputer with 1,500+ Nvidia H200 GPUs
Singapore's National Supercomputing Centre has launched the ASPIRE 2B supercomputer, featuring over 1,500 Nvidia H200 GPUs and 115 petaflops of computing power to support AI research and high-performance computing.
WTI slides to near $88 as Trump signals Iran deal progress
West Texas Intermediate crude oil fell 1.8% to around $88.10 during European trading, extending a drop of over 6% from Monday's high, as former President Trump hinted at a potential deal with Iran.
Israel issues evacuation order for Lebanese city of Tyre
The Israeli army's Arabic-language spokesperson warned residents of Tyre, Lebanon to evacuate immediately ahead of military action.
Gold Weakens After Hawkish Fed Repricing – OCBC
Gold has fallen below its 200-day moving average as the market reprices a more hawkish Federal Reserve, according to OCBC. Oil-led inflation concerns are also weighing on the metal.
German Industrial Production Rises for First Time Since Iran War Began
German industrial production posted its first increase since the onset of the Iran war, signaling resilience in Europe's largest economy amid high energy costs, according to a Bloomberg report on Tuesday.
China’s AI Investment Surge Drives 92% Jump in Integrated Circuit Exports
Global AI investment plays to China’s manufacturing strengths, with Chinese firms leading in printed circuit boards, optical components, and memory chips. Integrated circuit exports have grown over 20% annually for 13 consecutive months and surged 92% in April alone.
China's High-Tech Exports Surge on AI and Green Energy Demand
China's export sector remains robust, with high-tech products like AI hardware and green energy tech driving growth despite global uncertainty, according to the China Chamber of Commerce.