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Highlights

Argentina reported a monthly inflation rate of 2.1 percent for May, marking a decrease from the 2.6 percent recorded in April. While the monthly figure came in below analyst forecasts, the annual inflation rate climbed to 33.2 percent over the twelve months through May.

Argentina May monthly inflation slows to 2.1 percent

Argentina reported a monthly inflation rate of 2.1 percent for May, marking a decrease from the 2.6 percent recorded in April. While the monthly figure came in below analyst forecasts, the annual inflation rate climbed to 33.2 percent over the twelve months through May.

Investment leaders from four states are urging index providers to pause rule changes that fast-track megacap IPOs like SpaceX. The officials warn that relaxed entry criteria could expose passive funds to high volatility and governance risks without sufficient impact analysis.

States Challenge Nasdaq and FTSE Over SpaceX IPO Rules

Investment leaders from four states are urging index providers to pause rule changes that fast-track megacap IPOs like SpaceX. The officials warn that relaxed entry criteria could expose passive funds to high volatility and governance risks without sufficient impact analysis.

Brent crude futures fell 2.7% to $90.60 a barrel after President Trump called off military strikes against Iran. The decision comes as indirect peace talks intensify and U.S. crude inventories saw a larger than expected draw of 7.2 million barrels.

Oil prices fall as Trump cancels planned Iran strikes

Brent crude futures fell 2.7% to $90.60 a barrel after President Trump called off military strikes against Iran. The decision comes as indirect peace talks intensify and U.S. crude inventories saw a larger than expected draw of 7.2 million barrels.

Honeywell plans to pursue bolt-on acquisitions within a 2 billion to 4 billion dollar range to strengthen its industrial automation segment. The company aims to capture more of the 35 billion dollar market while maintaining a primary focus on organic growth through software and solutions.

Honeywell eyes 2 billion to 4 billion dollar M&A deals

Honeywell plans to pursue bolt-on acquisitions within a 2 billion to 4 billion dollar range to strengthen its industrial automation segment. The company aims to capture more of the 35 billion dollar market while maintaining a primary focus on organic growth through software and solutions.

The loonie weakened to 1.3980 per U.S. dollar as the gap between Canadian and U.S. two year yields reached its widest level in one year. A dovish Bank of Canada stance and fluctuating oil prices contributed to the decline despite recent positive domestic employment data.

Canadian Dollar Hits Seven Month Low on Yield Spreads

The loonie weakened to 1.3980 per U.S. dollar as the gap between Canadian and U.S. two year yields reached its widest level in one year. A dovish Bank of Canada stance and fluctuating oil prices contributed to the decline despite recent positive domestic employment data.

Market Overview

The Producer Price Index climbed 6.5 percent in the year through May as energy costs surged due to ongoing geopolitical tensions. This acceleration in wholesale inflation reinforces expectations that the Federal Reserve will maintain current interest rates well into next year while monitoring labor market resilience.

US producer prices post largest annual gain in years

The dollar fell against major peers on Thursday after President Donald Trump cancelled planned military strikes on Iran. Trump stated that negotiations with Tehran had reached high levels of leadership, leading investors to move away from safe-haven assets as geopolitical tensions eased.

Dollar falls as Trump halts military strikes on Iran

The dollar fell against major peers on Thursday after President Donald Trump cancelled planned military strikes on Iran. Trump stated that negotiations with Tehran had reached high levels of leadership, leading investors to move away from safe-haven assets as geopolitical tensions eased.

Major U.S. stock indexes advanced on Thursday after President Trump announced the cancellation of military strikes against Iran. While oil prices dropped on the news, technology stocks remained in correction territory and Oracle shares fell following its capital spending forecast.

Wall Street Gains as Trump Cancels Planned Iran Strikes

Major U.S. stock indexes advanced on Thursday after President Trump announced the cancellation of military strikes against Iran. While oil prices dropped on the news, technology stocks remained in correction territory and Oracle shares fell following its capital spending forecast.

Gold rises 2% as Trump cancels planned strikes on Iran

Spot gold rose 2% to $4,153.71 per ounce after President Trump called off planned military strikes on Iran. The decision lowered the probability of a December interest rate hike to 62% as investors weighed easing energy inflation risks and higher than expected weekly jobless claims.

Exxon Global Trading Head Tracey Gunnlaugsson to Retire

Exxon global trading head Tracey Gunnlaugsson is retiring after three years in the role. Her exit follows a 3.9 billion dollar paper loss from timing impacts.

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