Market news

Blockchain Data Indexing Lags Behind Surging Throughput

While blockchain networks now process tens of thousands of transactions per second, infrastructure for indexing and delivering that data to applications is struggling to keep up.

Oil Drops as US-Iran Talks Ease Supply Worries, Focus on Fed

West Texas Intermediate crude slipped 0.86% to around $89.50 on Thursday as diplomatic progress between the US and Iran reduced supply disruption fears, while traders look ahead to the Federal Reserve's rate decision.

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Commerzbank: Tech Outflows, Inflation Weigh on Taiwan Dollar

Commerzbank reports that USD/TWD has risen for five consecutive sessions to 31.68, driven by foreign equity outflows amid global tech stock corrections, while Taiwan's CPI has moved above the central bank's 2% target.

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US Equity Outflows Hit Record $13.9B, Led by Tech Stocks

Last week saw $13.9 billion in US equity outflows, the largest single-stock withdrawal since 2008, with technology stocks leading at a record $10.8 billion in sales.

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StocksJun 11

Dow Jones Steadies After Hot PPI Data

After a sharp drop on Wednesday, the Dow Jones Industrial Average stabilized on Thursday despite hotter-than-expected Producer Price Index data.

Hungary to Remove 'Unjustified' Restrictions on Digital Asset Market

Hungary's new science and technology minister, Zoltán Tannach, plans to repeal strict digital asset regulations that drove away major players like fintech platform Revolut, Bloomberg reports.

USD/JPY Stays Near 160.50 as Intervention Fears Cap Gains

The Japanese yen remains pinned near 160.50 against the US dollar as traders weigh the risk of official intervention against a stronger greenback fueled by renewed geopolitical tensions.

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AUD/USD Hits Two-Month Low After US PPI Beat, Jobless Claims

The Australian Dollar weakened to a two-month low against the US Dollar after hotter-than-expected US PPI data and steady jobless claims bolstered the greenback.

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Standard Chartered: China's Export Prices Still Damp Global Inflation

Standard Chartered economists note that higher oil and AI-related goods prices have lifted China's import prices and PPI, ending multi-year deflation, but export prices remain a dampener on global inflation.

StocksJun 11

BlackRock Orders $5B in SpaceX Shares

BlackRock has submitted an order to purchase at least $5 billion worth of SpaceX shares, according to sources familiar with the matter, with other large asset managers placing similarly sizable orders.

StocksJun 11

FTSE 100 Rebounds as Markets Bet on US-Iran Deal

The FTSE 100 staged an impressive rebound as stock markets and oil traders continue to bet on a US-Iran deal despite escalating rhetoric from Washington, according to Chris Beauchamp, Chief Market Analyst at an online trading platform.

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Trump Orders Second Round of Strikes on Iran, Seeks Deal

President Trump ordered a second wave of strikes against Iran on Wednesday, frustrated that Tehran was not taking the initial strikes seriously. He posted on Truth Social that a new, harder round was incoming.

Trump Furious Over Perceived Weak Response to Iran Strikes

President Trump was reportedly angry this week after ordering new strikes on Iran, believing that both Tehran and the media did not view the action as sufficiently powerful, according to two people familiar with his reaction.

Trump Furious Over Perceived Weakness of Iran Strikes

President Trump was reportedly furious this week after ordering new strikes on Iran, believing both Tehran and the media did not view the US military action as powerful enough, according to two people familiar with his reaction.

Ghalibaf warns impulsive decisions will destabilize Iran's energy and markets

Iranian politician Mohammad Bagher Ghalibaf cautioned that wrong strategies and impulsive decisions could reset the board for the worse, triggering an explosion in energy infrastructure and markets and creating a long-term quagmire.

British Pound Falls as US PPI Reflects Iran Conflict Impact

The British Pound slipped 0.19% on Thursday after the US Producer Price Index showed the effect of the Iran war on energy prices, fueling a US Dollar rebound and oil recovery.

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BBH Sees CAD Downside Risk as BoC Holds Rate at 2.25%

Brown Brothers Harriman reports that the Bank of Canada kept its policy rate unchanged for a fifth straight meeting, signaling no urgency to hike and supporting downside risk for the Canadian dollar against the US dollar.

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USD/JPY Steady but Elevated, Pressure Toward 162 – Scotiabank

Scotiabank strategists note USD/JPY remains elevated with pressure toward the 162 level, as a BoJ rate hike is widely expected this week.

USDJPY

SNB Expected to Hold Rate at 0.00% on June 18 – Nomura

Nomura analysts predict the Swiss National Bank will keep its policy rate unchanged at 0.00% at the upcoming June 18 meeting, citing low inflation and mixed economic data.

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Allium Reveals $72M Profitable ZEC Shorts Before Vulnerability Disclosure

Analytics firm Allium identified five large short positions on Zcash (ZEC) totaling over $72 million on Hyperliquid, opened just days before a critical Orchard pool vulnerability was discovered. The bug was found on May 29 but disclosed on June 5, triggering a price crash from $685 to around $250.

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ING: One Summer Hike Likely for BoE as UK Economy Softens

ING economist James Smith notes a softer UK backdrop compared to 2022, with falling vacancies, rising unemployment, and slowing wage growth, indicating the Bank of England is torn between a prolonged pause and a symbolic rate hike this summer.

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Scotiabank: USD/CAD Eyes 1.40–1.41 on CAD Weakness

Scotia strategists note renewed Canadian dollar weakness as softer oil prices and geopolitical concerns push USD/CAD toward a 1.40–1.41 range, setting new year-to-date highs.

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