EUR/USD
1.15919
0.028%
Gold
4317.14
0.188%
Oil
79.750
-0.113%
USD/JPY
160.129
-0.135%
GBP/USD
1.34133
0.007%
GBP/JPY
214.792
-0.119%
Real-time News
June 16th, Futures News: Following the end of the Iran war, crude oil prices have fallen sharply, lowering cost support for fuel oil. Market participants, driven by bearish sentiment, are mostly adopting a wait-and-see approach, with cautious trading focused on small, immediate needs. Market activity is subdued, and refineries are facing increased difficulties in shipping. It is expected that todays negotiations for slurry oil and wax oil will remain stable with a slight downward trend. While fuel oil prices are supported by low supply levels, the decline is relatively moderate, but sluggish trading at higher levels also carries the risk of further price reductions.On June 16th, Bank of Japan Deputy Governor Shinichi Uchida will replace the hospitalized Governor Kazuo Ueda, responsible for explaining the Bank of Japans latest decisions and future policy direction. Investors will closely watch Uchidas remarks to gauge his views on the future path of interest rate hikes and the Bank of Japans bond-buying policy. He faces a delicate task: to project a sufficiently hawkish stance to prevent a sharp depreciation of the yen, while simultaneously considering Prime Minister Sanae Takaichis inclination towards pro-economic monetary policies. Some economists believe that if Uchida deviates from Uedas position, it could shake the entire situation. Others say that Uchidas style is more direct, differing from Uedas subtle and unbiased communication style. According to the chief economist at Daiwa Institute of Economics, Uchida is likely to draw on his experience in policy implementation to provide a very thoughtful explanation to help market participants better understand the Bank of Japans thinking, particularly regarding the normalization process.A fire broke out at an oil depot in Russias Krasnodar region due to a drone attack.Easing tensions in the Middle East have put pressure on international oil prices. A quick chart shows the pre-market conversion of domestic and international crude oil prices.June 16th - In SpaceXs $86.2 billion IPO, every customer of some of the largest retail brokerage firms in the US received at least one share, highlighting the initial design of the offering to allow retail investors to play a significant role. According to representatives of the companies, all eligible customers received a portion of the stock allocation after submitting stock subscription requests to platforms such as Robinhood, Charles Schwab, and Fidelity. It was reported that SpaceX ultimately allocated approximately 20% of its initial public offering proceeds to global retail investors. Sources indicated that due to demand exceeding $100 billion, many investors hoping for higher allocations were unsuccessful. On its second day of trading, SpaceXs stock price had already surged over 40%, reaching a market capitalization of $2.5 trillion.
