EUR/USD
1.16157
0.387%
Gold
4358.93
3.522%
Oil
79.092
-4.572%
USD/JPY
160.096
-0.065%
GBP/USD
1.34345
0.179%
GBP/JPY
215.086
0.114%
Real-time News
The U.S. NAHB Housing Market Index for June will be released in ten minutes.On June 15th, Ben May and Bridget Payne of Oxford Economics stated in a report that while future setbacks are possible, the US-Iran agreement has reduced the risk of a continued decline in oil inventories, ultimately triggering a surge in global energy prices and leading to an economic recession. However, they noted that this does not automatically mean that the amount of oil flowing through the Strait of Hormuz will increase faster than previously expected. "We had assumed that shipping through the Strait of Hormuz would resume by the end of July. Nevertheless, our current short-term oil price forecasts still look overly optimistic," they added. They further reinforced their view that the Federal Reserve and the Bank of England will not raise interest rates, and other central banks that have already raised rates are unlikely to do so again, as the reopening of the Strait of Hormuz is likely to help lower inflation but has a limited impact on economic growth.On June 15, French President Emmanuel Macron responded to US President Donald Trumps tariff threats, stating that France would not succumb to US threats and cancel its digital tax targeting US tech giants. Speaking to France 1 television in Evian-les-Bains, Macron said the digital tax is part of the European legal system and has already been implemented in some countries; the US has no right to make laws for Europeans or the French.The Dow Jones Industrial Average opened 634.80 points higher, or 1.24%, at 51,837.06 on Monday, June 15; the S&P 500 opened 104.15 points higher, or 1.40%, at 7,535.61; and the Nasdaq Composite opened 597.62 points higher, or 2.31%, at 26,486.47.Bahrains Foreign Ministry welcomes the memorandum of understanding reached between the US and Iran on negotiations and a ceasefire.
