Market news
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BBH Flags Downside Risks for Pound as UK GDP Set to Contract
Brown Brothers Harriman analyst Elias Haddad highlights downside risks for the British Pound, citing expectations of a UK GDP contraction in Q2 and market pricing for further BoE rate hikes due to persistent second-round inflation.
Gold Steadies After Hitting Two-and-a-Half-Month Low, Fed Caps Gains
Gold (XAU/USD) recovers slightly on Monday after falling to its lowest since April, supported by Middle East tensions but limited by hawkish Federal Reserve expectations.
Nasdaq 100 Futures Surge Over 1.5% on Iran-Israel De-escalation, Trump Deal Hopes
Nasdaq 100 futures jumped more than 1.5% after Iran announced it is halting military operations against Israel and President Trump said he is working toward a 'final deal' with Iran.
Iran President Prioritizes National Security, Vows Not to Retreat from Threats
Iranian President Masoud Pezeshkian stated that the country's priority is national security and peace, vowing to defend rights with authority while maintaining both diplomatic and defense efforts.
DBS: RBI and Government Coordinate to Attract Foreign Capital, Support Rupee
DBS Group Research notes that the Reserve Bank of India and the government have unveiled coordinated measures aimed at attracting foreign capital and bolstering support for India's external sector.
Euro Bounces from Three-Month Lows as Focus Turns to Middle East
EUR/USD rebounded to 1.1540 after hitting a three-month low of 1.1505, with traders eyeing geopolitical developments in the Middle East.
New Zealand Dollar Rises on Easing Geopolitical Risk, RBNZ Rate Hike Expectations
NZD/USD rebounded from a two-month low to trade around 0.5830, gaining 0.62% on the day, supported by easing geopolitical tensions and expectations of a rate hike by the Reserve Bank of New Zealand.
OpenAI Preps Major ChatGPT Overhaul with AI Agents, Codex, Image Gen
OpenAI is preparing its biggest ChatGPT update since launch, adding AI agents, Codex programming tools, image generation, and third-party services to transform the chatbot into a universal digital assistant.
Iran Halts Military Operations Against Israel; US Stocks Rise
Iran announced a halt to its military operations against Israel after several attacks. The IRGC warned of a stronger response if Israel strikes again, while President Trump called for an immediate ceasefire. US stocks rose on the news.
Iran Ends Military Operations Against Israel, Warns of Harsher Attacks if Israel Resumes on Lebanon
Iran's armed forces have announced an end to military operations against Israel, but warned of harsher attacks if Israel resumes strikes on Lebanon. No confirmation from other media yet.
Societe Generale: US Dollar Rebound Challenges Bears
Societe Generale's Kit Juckes says recent US labor data broke prior FX ranges, challenging expectations for a weaker dollar under President Trump.
Canadian Dollar Underperforms at Start of BoC Policy Week
The Canadian Dollar weakened against major currencies on Monday as traders turned cautious ahead of the Bank of Canada's monetary policy announcement this week.
US Dollar Buoyed by Middle East Tensions, Safe-Haven Flows
The US dollar continues to strengthen as escalating geopolitical risks in the Middle East drive safe-haven demand, alongside an improving US labor market.
Trump: Israel and Iran Seeking Immediate Ceasefire, Final Peace Talks Underway
Former President Trump says both Israel and Iran are pushing for an immediate ceasefire, with final peace negotiations underway. He warns that the blockade will remain in full force until a final deal is reached.
Dollar Index Hits Nine-Week High on Fed Rate Hike Prospects
The US Dollar Index extended its rally, reaching a new nine-week high and breaching the psychological 100 level for the first time in months, supported by growing expectations of Federal Reserve rate hikes.
Key Central Bank Decisions and US Data Point to Risk-Off Mood
A series of major economic events this week, including US CPI, the Bank of Canada rate decision, and the ECB interest rate decision, have markets on edge with a potential risk-off tone.
USD/CHF Hits Two-Month Highs, Approaches 0.8000
The US dollar strengthened against the Swiss franc for a second straight day, reaching near 0.8000 – a level not seen in two months.
Trump Urges Israel and Iran to Halt Attacks
US President Donald Trump called on Israel and Iran to immediately stop their exchange of attacks, posting the message on Truth Social during the European trading session.
Iran claims full blockade of Bab el-Mandeb and Strait of Hormuz, threatens strikes on Gulf energy infrastructure
Iran has reportedly fully blocked the Bab el-Mandeb strait along with the complete closure of the Strait of Hormuz, and is threatening strikes on oil, gas and energy infrastructure of US-allied Gulf countries in retaliation for Israeli strikes on a petrochemical complex.
Gold Declines as Strong US Labor Market Data Reduces Fed Easing Hopes
Gold (XAU/USD) continues to fall as robust U.S. employment figures diminish expectations for Federal Reserve rate cuts, pushing Treasury yields and the dollar higher.
EUR/JPY Slides as BoJ Tightening Expectations Boost Yen
The euro fell against the Japanese yen on Monday, with EUR/JPY trading around 184.10, down 0.32%, as yen strength persists on the back of increased Bank of Japan tightening bets and renewed official warnings.
Iran warns US will pay price for Israel's actions, dismisses separation claims
A military source told Iran's Tasnim news agency that Iran will not abandon its allies in the resistance front and that the US cannot escape responsibility for Israel's actions, warning Americans will pay a price.
Iran Vows to Escalate Tension Against Israel
A military source claims Iran will sharply increase its punitive actions against Israel, warning that the coming days will expose Israeli and American miscalculations.
Iran Warns US, Israel Over Attempts to Control Tension
A statement from Iran warns that the US and Israel are mistaken if they believe they can limit Iran's response through a policy of controlled tension.