S&P Global projects Strait of Hormuz shipping volumes will reach only three-quarters of pre-war levels by late 2026, limiting crude price declines. A US-Iran memorandum of understanding on Hormuz transit, set for signing June 14, offers limited near-term relief for energy
The US Dollar Index recovered from 10-day lows despite mixed signals from Trump on Iran and oil market volatility. The US Dollar Index (DXY) climbed to 99.70, recovering from a 10-day low, as markets digested mixed comments from President Trump. Trump emphasized the import
The NFT brand shifts resources to Pudgy World, halting its mobile battle royale game developed with Mythical Games. Pudgy Penguins has shut down its mobile battle royale game Pudgy Party, less than a year after its global launch. The game, co-developed with Mythical Games,
ARI to dissolve and distribute $3.75 per share to stockholders after board deems liquidation the optimal path forward. Apollo Commercial Real Estate Finance’s board has decided to liquidate the company’s assets and wind down operations, citing the move as the best option f
US-Iran agreement expectations lift risk sentiment, pressuring the USD against EUR, GBP, and AUD while supporting CAD and JPY. The US dollar closed mixed on Monday, retreating against the EUR, GBP, CHF, and AUD but advancing versus the CAD, JPY, and NZD. Markets reacted to
NZD/USD falls near 0.5800 despite softer US data The New Zealand Dollar finished as one of the weakest majors on Monday, despite a risk-on session that saw global equities rise and Crude Oil tumble. The NZD/USD spiked to a session high above 0.5850 in early Europea
S&P 500 and Nasdaq post strong gains, but Russell 2000 closes near session lows despite record highs and oil price rebound. US equities closed higher with the S&P 500 up 1.6% and the Nasdaq surging 3.1%, driven by gains in memory stocks like Micron and Western Digital. The
MMM stock fell to $158.17, ending a seven-session streak that outperformed the S&P 500 by 6 percentage points. 3M shares declined 0.09% to $158.17 on Monday, halting a seven-session winning streak. The drop followed a 4.4% gain over the prior week, which contrasted with th
Bank of Japan poised to raise short-term policy rate to 1%, while Reserve Bank of Australia likely to maintain current levels. The Bank of Japan is expected to raise its short-term policy rate to 1% during its June meeting, according to market previews. Analysts, including
US sanctions relief drives record shipments, boosting supply for US refiners and regional producers amid Middle East disruptions. Venezuela’s oil exports reached a seven-year high as the US relaxed restrictions on operations in the country. The easing of rules follows poli