US and UK central banks are anticipated to maintain current interest rates this week. A recent Middle East peace deal is expected to reduce inflationary pressures, influencing these decisions. The Fed's new chair, Kevin Warsh, will be closely watched for his inflation outlook.
Critics are questioning President Trump's claim of a "great deal" with Iran, noting it's a 60-day ceasefire MOU, not a final peace accord. Key issues like Iran's nuclear program and Strait of Hormuz fees remain unresolved.
President Trump announced a peace deal with Iran, mediated by Pakistan, to end the war, with an official signing ceremony set for Friday. Oil futures dropped following the announcement. Trump is heading to the G7 summit in France to discuss global issues. Separately, a plane crash in Missouri killed 12 people, and advice is given on staying safe during extreme heat.
Analysts suggest oil prices could remain volatile despite a tentative US-Iran peace deal. Declining global inventories and potential further supply disruptions mean prices may rise, impacting economies, especially in South Asia. Asian markets reacted positively to the news, with oil prices falling.
The US and Iran have reached a peace deal, brokered by Pakistan and Qatar, involving a permanent ceasefire and the reopening of the Strait of Hormuz. Talks will continue on uranium enrichment and sanctions.
Bitcoin (BTC) surged towards $66,000 as a US-Iran peace deal spurred risk assets higher. Oil prices dropped, while US stock futures soared. Traders anticipate a short-term target of $69,000, supported by whale buying near $60,000, though overall demand weakness raises concerns.
Donald Trump announced a "breakthrough" peace deal with Iran, expected to reopen the Strait of Hormuz for oil flow. Sir Keir Starmer welcomed the "hugely significant moment," while oil prices dropped over 5% and stock markets rose.
US President Donald Trump lauded Russian President Vladimir Putin and Chinese leader Xi Jinping for their contributions to a peace settlement with Iran. The deal, mediated by Pakistan and Qatar, includes provisions on reopening the Strait of Hormuz, easing sanctions, and unfreezing assets.
A framework agreement between the US and Iran to end the Middle East war has triggered global market euphoria. Spain's Ibex 35 index reached an all-time high, and the Strait of Hormuz reopened, causing oil prices to drop and boosting sectors like tourism and banking.
An agreement between the US and Iran to end the Middle East war has led to euphoria in global financial markets. The Strait of Hormuz reopens, oil prices drop, and the Spanish Ibex 35 index reaches an all-time high, with tourism, airlines, and banks showing significant gains.
Australia's Prime Minister Anthony Albanese indicated the government may extend the temporary fuel excise cut to ease motorist costs, influenced by the Middle East conflict and a new peace deal between the US and Iran. The cut, initially set to end June 30, is being re-evaluated.
Australian PM Anthony Albanese indicated openness to extending the temporary fuel excise cut, citing ongoing Middle East conflict impacts. A peace deal between the US and Iran to reopen the Strait of Hormuz was welcomed, but normal oil trade is expected to take months.
The South Korean won reached a near two-week high against the dollar on Monday, driven by optimism over a preliminary peace deal between the US and Iran. The won's strength coincided with foreign investors becoming net buyers of local stocks, boosting the KOSPI index.
Seoul stocks closed sharply higher Monday, with the KOSPI index surging 5.2% to 8,545.98, driven by an agreement between the US and Iran to end their war. The Korean won also rose significantly.
Global oil prices dropped and stock markets surged as optimism grew for a US-Iran peace deal, potentially reopening the Strait of Hormuz and ending a major energy supply crisis. Brent crude fell below $84/barrel, while European and Asian markets rallied.
Congress leader Jairam Ramesh welcomed the US-Iran peace agreement but criticized PM Modi's "blind devotion" to Israel, linking it to the Middle East conflict and Pakistan's increased regional influence.
A preliminary ceasefire deal between the US and Iran, set to be signed this week, has been welcomed by world leaders. The deal aims to reopen the Strait of Hormuz to international shipping, leading to a drop in oil prices and a rally in stock markets. Details on Iran's nuclear program and sanctions relief are to be negotiated.
Seoul stocks closed sharply higher Monday, with the KOSPI index surging 5.2% to 8,545.98, driven by an agreement between the US and Iran to end their conflict. The Korean won also saw a significant rise.
Bitcoin approached $66,000 as President Trump announced a completed peace deal with Iran, promising the reopening of the Strait of Hormuz. Markets reacted positively, with oil prices also falling.
Seoul stocks surged Monday, with the KOSPI index climbing over 5% to surpass 8,500 points. The rally was driven by an agreement between the US and Iran to end their conflict, prompting a risk-on sentiment and significant buying from foreign and institutional investors. A sidecar was triggered due to the rapid gains.
The US and Iran are set to sign a preliminary peace deal in Switzerland on Friday, described as a "memorandum of understanding." While not a final agreement, it aims to pave the way for negotiations on key issues like Iran's nuclear program and sanctions, though preconditions and threats of renewed strikes remain.
President Trump celebrated his 80th birthday with a peace deal with Iran, leading to a global stock rally and oil price drop. However, he also warned France of a new trade war over digital taxes. Meta's AI efforts show progress with the Muse Spark model.
The United States and Iran have reached a peace deal to end their war, halt the US blockade, and reopen the vital Strait of Hormuz. International leaders have welcomed the agreement, anticipating reduced energy prices and a more stable Middle East.
UN Secretary-General Antonio Guterres welcomed the announcement of a peace deal between the US and Iran, citing an immediate ceasefire, reopening of the Strait of Hormuz, and a framework for future talks as critical steps towards conflict resolution.
