https://www.gurutrade.com/news/finance/rss/ Be aware of the world's largest banks policy changes and the exchange rate changes with GuruTrade. Wed, 17 Jun 2026 07:04:51 +0300 50 en https://www.gurutrade.com/news/sterling-steady-on-us-iran-deal-as-focus-turns-to-boe-1781616588.html LONDON, June 16 Reuters Sterling held steady against the U.S. dollar on Tuesday as traders weighed the U.S.Iran interim agreement to end the Middle East conflict and focused on key UK economic data and the Bank of England39;s interest rate decision. U.S. President Donald Trump said on Monday a preliminary deal to end the conflict had been signed by the U.S. and Iran, but some uncertainty persisted as details were not immediately public and shippers said it could take weeks for confidence to return and regular shipping to resume after the reopening of the Strait of Hormuz. While global markets seemed somewhat optimistic about the prospective deal and oil prices fell, the reaction in currency markets was relatively muted. The U.S. dollar was last little changed against a basket of its major peers, and sterling was virtually flat against the greenback on the day at 1.3416. The euro was a touch higher against the pound at 86.50 pence. Traders looked ahead to Wednesday39;s UK May inflation data, which is expected to come in at 3 on an annual basis according to a Reuters poll. Fresh labour market data and retail sales figures are also due later this week. Meanwhile, the Bank of England is expected to keep interest rates on hold when it announces its latest monetary policy decision on Thursday. The drop in energy prices after the U.S. and Iran struck a deal to reopen the Strait of Hormuz will come as a relief to the majority of the Monetary Policy Committee MPC, who we... https://www.gurutrade.com/news/sterling-steady-on-us-iran-deal-as-focus-turns-to-boe-1781616588.html Tue, 16 Jun 2026 03:30:57 +0300 https://www.gurutrade.com/news/ftse-100-rises-on-financials-industrials-oil-slips-1781617353.html FTSE 100 up 0.6, FTMC down 0.2 Associated British Foods down after Hovis takeover approval Rathbones plunges after pausing new clients onboarding June 16 Reuters London39;s FTSE 100 rose on Tuesday, with financials and industrials leading gains, as easing oil prices supported risk appetite. Oil prices hit a threemonth low, extending losses from the previous session after the U.S. and Iran reached a preliminary peace deal to end their conflict and reopen the Strait of Hormuz a key global oil shipping route. The bluechip FTSE 100 index advanced 0.6 to 10,490.35 points by 1100 GMT, while the midcap FTSE 250 slipped 0.1. Heavyweight banks rose 1.7, with HSBC and Barclays gaining 1.6 and 2.1, respectively. Aerospace defence stocks led sectoral gains with a 2.4 rise, with RollsRoyce adding 2.5, the top gainer on FTSE 100. Peer BAE Systems rose 2.2. Among midcap movers, Rathbones plunged 16.6 to a oneyear low after the wealth manager said it will pause onboarding new clients for 12 months. SDCL Efficiency Income Trust plunged 22 after the investment firm proposed to wind down the business. SThree dropped 0.5 after the specialist recruitment firm reported a decline in its firsthalf net fees amid weak growth. Among deals, Associated British Foods slipped 1.6 after Britain39;s competition watchdog cleared its acquisition of rival Hovis. Reporting by Utkarsh Hathi in Bengaluru; Editing by Harikrishnan Nair Source Reuters https://www.gurutrade.com/news/ftse-100-rises-on-financials-industrials-oil-slips-1781617353.html Tue, 16 Jun 2026 02:10:06 +0300 https://www.gurutrade.com/news/rupee-gains-as-markets-eye-us-iran-deal-fed-guidance-1781608588.html MUMBAI, June 16 Reuters The Indian rupee rose for a third consecutive session on Tuesday as underlying sentiment remained supportive, while traders awaited details of the U.S.Iran peace agreement and guidance from the U.S. Federal Reserve. The rupee closed up 0.2 at 94.56 against the dollar. The local unit opened at 94.6125, and moved around 10 paisa on either side of Friday39;s close during the session. The rupee had hit an intraday high of 94.4950 before slipping, suggesting importer hedging interest around those levels, traders said. Supported by foreign inflows from the central bank measures and softer oil prices after end of war, the rupee is likely to appreciate toward 94 in the near term before consolidating near that level, said Mandar Pitale, head of treasury at SBM Bank India. The rupee39;s underlying bias has improved as the U.S.Iran peace deal eased immediate energy supply concerns, though investors await the agreement39;s details. On Monday, U.S. President Donald Trump said Washington and Tehran had signed a preliminary agreement to halt the war, though a permanent truce is yet to be negotiated. The arrangement would allow the reopening of the Strait of Hormuz, a critical chokepoint through which roughly onefifth of global oil and liquefied natural gas supplies pass. Oil prices softened in response to the easing geopolitical risk premium, with the benchmark Brent crude slipping below 81.50 per barrel. For India, the decline in oil prices is... https://www.gurutrade.com/news/rupee-gains-as-markets-eye-us-iran-deal-fed-guidance-1781608588.html Tue, 16 Jun 2026 01:20:56 +0300 https://www.gurutrade.com/news/dollar-drifts-yen-finds-no-relief-after-boj-hike-1781604861.html U.S.Iran deal boosts sentiment, focus on central bank meetings RBA stands pat on rates, BOJ raises rates to 31year high Federal Reserve and BoE due later in the week LONDON, June 16 Reuters The dollar held near 10day lows on Tuesday as a preliminary deal to end the Iran war buoyed risk appetite, while the yen teetered near the closely watched 160 level after the Bank of Japan hiked interest rates, as expected, in an effort to tame inflationary risks from the conflict. U.S. President Donald Trump said on Monday that a preliminary agreement to end the war in the Middle East had been signed by the U.S. and Iran. But doubts around the interim deal swirled and shippers said it could take weeks for confidence to return after any reopening of the Strait of Hormuz. A flurry of central bank meetings this week is also top of mind for investors. The Bank of Japan raised interest rates to a 31year high on Tuesday as widely expected. But the board39;s 71 vote was noted by market analysts, suggesting at least some uncertainty over the timing of the next hike. Investors also closely followed a press briefing from BOJ Deputy Governor Shinichi Uchida. We will look at economic, price and financial developments, particularly with an eye on the Middle East situation, for the time being. We39;ll look at whether the economy and prices are moving in line with our forecasts, as well as risks. With underlying inflation approaching 2, we need to be mindful of upward price risks. We will... https://www.gurutrade.com/news/dollar-drifts-yen-finds-no-relief-after-boj-hike-1781604861.html Tue, 16 Jun 2026 12:30:47 +0300 https://www.gurutrade.com/news/gold-gains-as-us-iran-peace-deal-eases-rate-hike-concerns-1781600785.html US, Iran sign ceasefire agreement, details unclear Gold rose to a more than oneweek high on Monday Fed interest rate decision due on Wednesday More central banks signal plans to increase gold holdings, WGC survey shows June 16 Reuters Gold prices rose on Tuesday as a preliminary U.S.Iran peace agreement eased concerns of rate hike by the Federal Reserve, while investors awaited further details on the deal. Spot gold was up 0.6 at 4,334.06 per ounce, as of 0800 GMT, extending gains for a fourth straight session. U.S. gold futures for August delivery gained 0.1 to 4,355 an ounce. U.S. President Donald Trump said on Monday a preliminary agreement to end the war in the Persian Gulf has been signed by the U.S. and Iran, although details have yet to be made public and both countries said a permanent truce is yet to be negotiated. We have had a good run in gold prices ever since late Thursday on the Iran news. I think this euphoria rally might last for another few days culminating in Friday39;s signing ceremony, said Edward Meir, an analyst at Marex. The U.S. dollar held near 10day lows, making greenbackpriced bullion cheaper for other currency holders. Investors are also watching out for the Fed39;s policy decision and remarks, the first under Chair Kevin Warsh, on Wednesday, with rates widely expected to remain unchanged. Markets are expecting no rate decreases this year. If Warsh signals that at least one cut could be on the table later this year, the dollar... https://www.gurutrade.com/news/gold-gains-as-us-iran-peace-deal-eases-rate-hike-concerns-1781600785.html Tue, 16 Jun 2026 11:30:52 +0300 https://www.gurutrade.com/news/gold-gains-more-than-3-as-us-iran-reach-peace-deal-1781542707.html Kevin Warsh39;s debut Fed press conference due this week Singapore to establish OTC gold clearing system Palladium gains more than 5 June 15 Reuters Gold prices rose more than 3 on Monday, climbing to an over oneweek peak after Iran and the U.S. agreed to halt their war, a move that eased expectations of higher interest rates. Spot gold was up 3.3 at 4,356.79 per ounce as of 1035 a.m. EDT 1435 GMT, after hitting its highest since June 5 earlier in the session. U.S. gold futures climbed 3.3 to 4,378.70. The U.S. dollar index was down 0.2, making metals priced in the greenback more affordable for holders of other currencies. While still a framework, the deal to end the war and reopen the Strait of Hormuz marked a major breakthrough and sent oil prices falling. The memorandum of understanding is scheduled to be officially signed on Friday in Switzerland. The gold market is moving past the conflict and pricing it out. The peace deal news took down Treasury yields, the dollar and oil, and those were the biggest inflation and cross asset risks, said Phillip Streible, chief market strategist at Blue Line Futures. Gold has faced pressure since the Iran conflict began as higher energy prices raised the chances of interest rate hikes, which tend to weigh on the nonyielding asset. After the framework deal, traders cut the odds of a U.S. rate hike in December to 52.5 from nearly 70 last week, according to the CME FedWatch tool. Attention is now turning to the Federal... https://www.gurutrade.com/news/gold-gains-more-than-3-as-us-iran-reach-peace-deal-1781542707.html Mon, 15 Jun 2026 06:00:03 +0300 https://www.gurutrade.com/news/investors-choosier-on-private-markets-after-turbulence-1781541333.html ZURICH, June 15 Reuters Institutional investors are looking more closely at private market investments after recent turbulence at firms such as Partners Group, Swiss pension fund consultants said. Partners Group capped withdrawals from a major evergreen private equity fund this month after increased redemptions, unsettling markets. A similar move by Blackstone in a large private credit fund underscored broader concerns. Investors have been focused on problems appearing in loans by private credit funds run by big asset managers, and have been scrutinizing valuations, lending standards and how software companies can handle AI challenges. Private market investments have lagged techdriven stock gains, prompting exits, the consultants said. Outflows have been driven mainly by retail investors, who generally react faster to volatility and shortterm performance. Institutional investors are not exiting, but are becoming choosier about their strategies, the consultants said. Private wealth clients account for about a fifth of Partners Group39;s 185 billion in assets under management. The firm confirmed its outlook for 2026 despite the turmoil. Institutional investors have so far maintained their allocations, but in some cases could delay new commitments, said Stephanie Spozio at consultancy Prevanto. But sentiment is becoming more wary, and investors are looking at products more closely, particularly their liquidity terms, said Romano Gruber of consultancy PPCmetrics.... https://www.gurutrade.com/news/investors-choosier-on-private-markets-after-turbulence-1781541333.html Mon, 15 Jun 2026 04:50:34 +0300 https://www.gurutrade.com/news/china-bonds-emerge-as-safe-haven-amid-iran-war-reshuffle-1781536218.html CGBs offer low volatility, stable returns amid global bond rout Nearzero correlation with Western markets draws foreign buyers Muted price pressures, dovish central bank drive outperformance SHANGHAIHONG KONG, June 15 Reuters Global asset managers have been adding Chinese government bonds to their portfolios since the Iran war broke out, drawn not by yield but by their nearzero correlation with Western markets. Amid a global rout in sovereign debt since March that has sent benchmark yields soaring between 35 and 60 basis points bps in the U.S., Britain, Europe and Japan, yields on equivalent CGBs have declined 8 bps. The striking outperformance has caught the attention of real money investors from sovereign funds and central banks to insurers prompting a reassessment of portfolio construction even as it pushed Chinese yields to the lowest outside Switzerland. Chinese debt is attracting investors with a preservation mandate, offering regional portfolios a lowvolatility counterbalance to riskier, higheryielding assets, said Wei Li, head of multiasset investments at BNP Paribas Securities. Attractiveness is judged on a riskadjusted footing. China delivers exceptional price stability. The market has stood out all the more as other, more traditional havens have faltered. Bullion, for example, is down some 25 from its January highs. Even with the monthslong conflict closer than ever to a conclusion after the U.S. and Iran reached a deal to end hostilities and... https://www.gurutrade.com/news/china-bonds-emerge-as-safe-haven-amid-iran-war-reshuffle-1781536218.html Mon, 15 Jun 2026 01:30:47 +0300 https://www.gurutrade.com/news/stoxx-600-hits-record-high-on-us-iran-preliminary-peace-deal-1781516349.html STOXX hits record high for first time since February 27 Most sectors rise, travel and leisure hits record high Renault partners with Thales to develop military vehicle Schneider, Foxconn partner on AI data centre infrastructure June 15 Reuters Europe39;s STOXX 600 hit a record high on Monday, boosted by a relief rally across most sectors after the United States and Iran reached a preliminary agreement that would open the Strait of Hormuz and end the threemonthlong war in the Middle East. Global risk sentiment got a lift and Brent crude prices fell nearly 5 after U.S. and Iranian officials said they had agreed on a framework for a deal, scheduled to be signed on Friday. The panEuropean STOXX 600 index rose 1 to 639.20 points by 0802 GMT, surpassing its previous alltime high scaled on February 27. With Monday39;s gains, the benchmark has recouped all of its conflictrelated losses, while the euro STOXX volatility index hit its lowest since the start of the conflict in late February. European shares had broadly underperformed their peers in the U.S. and Asia since March, largely due to the continent39;s reliance on the Strait of Hormuz for crucial oil supplies and its smaller exposure to AI technology stocks. With Monday39;s gains, the STOXX 600 is now up 7.9 for the year, narrowing its gap with the U.S. benchmark SP 500 that has risen more than 8. If you really do start to get oil flowing back again in a sustainable way, then it will give European markets a real... https://www.gurutrade.com/news/stoxx-600-hits-record-high-on-us-iran-preliminary-peace-deal-1781516349.html Mon, 15 Jun 2026 11:40:44 +0300 https://www.gurutrade.com/news/dollar-hits-10-day-low-as-us-iran-reach-peace-deal-1781509896.html Dollar hits lowest since June 5; oil slumps U.S.Iran peace deal boosts risk appetite Yen weakness persists ahead of BOJ meeting HONG KONG, June 15 Reuters The U.S. dollar weakened to a 10day low against its major peers on Monday as a preliminary agreement to end the war between the U.S. and Iran sent oil prices tumbling and boosted demand for riskier assets. U.S. and Iranian officials said on Sunday they have agreed on a framework for a deal to end their war, halt the U.S. blockade of Iran and reopen the Strait of Hormuz. The memorandum of understanding is scheduled to be officially signed on Friday in Switzerland, but caution still lingered as markets awaited more details and as the fate of Iran39;s nuclear program was left for further negotiations. Oil prices slumped, with Brent crude futures down more than 4 to 83.82, while the safehaven dollar eased on receding geopolitical tensions and inflation concerns. The euro gained as much as 0.5 to 1.1622 , and sterling strengthened 0.4 to 1.3459 . Both were near the strongest level since June 5. The risksensitive Australian dollar fetched 0.7087 , up nearly 0.7, while the kiwi was up 0.6 at 0.5863 . The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, was 0.1 lower at 99.395, its weakest level since June 5. I think we39;ll see the dollar fall over the course of the next few sessions. We39;ll probably see some of the risk currencies like Aussie and yen... https://www.gurutrade.com/news/dollar-hits-10-day-low-as-us-iran-reach-peace-deal-1781509896.html Mon, 15 Jun 2026 09:30:07 +0300 https://www.gurutrade.com/news/inr-bonds-to-get-boost-from-iran-peace-deal-eye-fed-move-1781543070.html MUMBAI, June 15 Reuters The Indian rupee and bonds are set to get a lift this week, supported by a U.S.Iran peace deal, while oil price swings are expected to guide the currencys direction. Investors are also awaiting the U.S. Federal Reserves first policy decision under Chair Kevin Warsh. The rupee heads into the new week with positive momentum after snapping a threeweek winning streak and slipping marginally last week. U.S. President Donald Trump and Irans deputy foreign minister said they have agreed to halt the war and reopen the Strait of Hormuz, lifting risk assets and sending oil prices sharply lower. The currency is expected to climb well past 95 per U.S. dollar at open on Monday, having settled at 95.11 on Friday. The currency was buffeted last week by persistent dollar demand from oil companies and other importers, though likely intervention by the central bank and mounting expectations of a U.S.Iran peace deal helped cushion the downside. Further, attention will be on the Federal Reserve39;s policy decision, where the central bank is widely expected to keep interest rates unchanged. The focus will be on Chair Kevin Warsh39;s remarks and updated projections for clues on interest rates. BONDS The yield on India39;s 10year benchmark bond ended at 6.8957 on Friday, down 7 basis points for the week, posting its third consecutive weekly decline. Bonds rose as oil prices slumped, and after the central bank released detailed guidelines outlining the hedging... https://www.gurutrade.com/news/inr-bonds-to-get-boost-from-iran-peace-deal-eye-fed-move-1781543070.html Mon, 15 Jun 2026 08:40:32 +0300 https://www.gurutrade.com/news/asia-hedge-funds-notch-triple-digit-gains-in-ai-led-rally-1781515451.html Asia hedge funds outperformed by betting early on AI hardware leaders WT Asset Management, E20 Capital posted returns up more than 100 Regional stock indexes hit record highs as AI demand and supply constraints drive gains HONG KONG, June 15 Reuters Some Asia hedge funds delivered returns exceeding 100 in the first five months of the year, riding on record highs in stock markets and wagers on AI hardware and large language model leaders, according to sources familiar with the performance. Market participants say regional funds were quicker to spot supplyside constraints as Asia covers nearly the entire semiconductor stack, allowing them to position early and capture opportunities across AI subsectors. The performance highlights how market volatility induced by the Iran war has not derailed the AIdriven rally this year, as growing demand and tight supply lifted stocks and pushed Japan, South Korea and Taiwan to record highs. Hong Kong39;s WT Asset Management saw its longshort China Focus fund book a net return of 103 in the year to date endMay, after rising more than 20 in May alone. Its longonly fund was up 67.5, a source familiar with the matter told Reuters. Bets on AI hardware as well as China39;s domestic techs, such as chipmaker Hua Hong Semiconductor and AI agent Knowledge Atlas, contributed to the performance, the source said. Public filings show WT was a cornerstone investor in Knowledge Atlas, known as Zhipu AI, whose shares have surged more than 1,000... https://www.gurutrade.com/news/asia-hedge-funds-notch-triple-digit-gains-in-ai-led-rally-1781515451.html Mon, 15 Jun 2026 07:50:30 +0300 https://www.gurutrade.com/news/inflows-rise-after-bi-s-surprise-rate-hike-official-says-1781325484.html JAKARTA, June 12 Reuters Indonesia39;s central bank spokesperson said on Friday that foreign investors have responded positively to its rare offcycle interest rate hike and an increase in bond yields, as reflected by a rise in foreign capital inflows this week. Bank Indonesia BI raised interest rate by 25 basis points to 5.50 on Tuesday, aiming to stabilise the rupiah after it hit a series of record lows. BI recorded a higher foreign capital inflow in an auction of up to oneyear tenor Bank Indonesia bonds, known as SRBI, on June 10, spokesperson Ramdan Denny Prakoso said. It raised 15 trillion rupiah 834.49 million from the auction, according to BI39;s website. Foreign capital inflows have also begun to return to the government bond market, particularly in the short and mediumterm tenors, Denny said. The central bank will continue to monitor developments in global and domestic financial markets while maintaining the attractiveness of domestic financial instruments to support foreign capital inflows, he added. BI will also continue to take action to stabilise the rupiah through consistent and measured NDF intervention in the offshore, onshore and spot markets, the spokesperson said. The rupiah strengthened by 0.25 to 17,930 a dollar in the opening session on Friday. 1 17,975 rupiah Reporting by Stefanno Sulaiman, Ananda Teresia; Editing by John Mair and David Stanway Source Reuters https://www.gurutrade.com/news/inflows-rise-after-bi-s-surprise-rate-hike-official-says-1781325484.html Fri, 12 Jun 2026 04:40:20 +0300 https://www.gurutrade.com/news/rupee-rallies-as-oil-slump-sparks-unwinding-of-dollar-longs-1781271038.html MUMBAI, June 12 Reuters The Indian rupee surged against the dollar on Friday as growing expectations of a U.S.Iran peace agreement sent oil prices sharply lower and triggered an unwinding of long dollar positions. The rupee opened firmer at 95.32 per dollar but briefly slipped to a low of 95.52 in a volatile session, pressured by dollar demand from corporates and importers. Reports of a possible peace deal between Washington and Tehran pushed oil prices deeper into the red, easing concerns over India39;s import bill and external balances. The rupee climbed to a oneweek high of 94.9550 during the session before settling at 95.11, up 0.7 on the day. The move, however, was not enough to protect the currency from posting its first weekly decline, after rising for the last three weeks. The Indian rupee clawed back Thursday39;s losses, buoyed by improving market sentiment as global crude prices eased and the dollar softened on hopes of a U.S.Iran diplomatic breakthrough, said Dilip Parmar, a foreign exchange research analyst at HDFC Securities. Brent crude plunged to 85.80 per barrel, its lowest in three months, after U.S. President Trump said a peace agreement could be signed as early as this weekend. If confirmed, the deal would mark the most significant diplomatic breakthrough yet to end the threemonthold war. The sharp drop in oil prices prompted traders to trim long dollar positions built up during the recent bout of geopolitical stress, while improving risk... https://www.gurutrade.com/news/rupee-rallies-as-oil-slump-sparks-unwinding-of-dollar-longs-1781271038.html Fri, 12 Jun 2026 02:30:13 +0300 https://www.gurutrade.com/news/uk-main-indexes-gain-over-1-on-mideast-peace-hopes-1781272239.html FTSE 100 up 1.1, FTSE 250 up 1.5 Energy stocks lag as oil prices fall UK economy shrinks 0.1 in April June 12 Reuters Britain39;s shares edged higher on Friday after U.S. President Donald Trump said a peace agreement with Iran could be signed soon, while investors also assessed key economic data. The bluechip FTSE 100 index rose 1.1 to 10,414.02 points by 1059 GMT, while the midcap FTSE 250 climbed 1.5. Both indexes were on track for weekly gains. The deal, if confirmed, could end the threemonthold war, which sent oil prices sharply higher after Iran blockaded the Strait of Hormuz, a vital artery for global energy supply. Most subindexes were in the green, except energy, which fell 3.6 after oil prices slipped more than 4 following the news. Homebuilders led gains; Vistry Group was up 6.6, and Bellway and Persimmon 4 each. The travel and leisure subindex, which includes oil pricesensitive airlines, also advanced 3.6. British Airways owner IAG and budget carrier Wizz Air Holdings were among the top gainers. On the data front, Britain39;s economy contracted 0.1 in April, its first monthly drop since August 2025, the Office for National Statistics ONS said. ONS data showed the first clear signs of an impact from the U.S.Israeli war on Iran on the country39;s economic growth. Aprils data hints at what is to come, a summer of sluggishness which could edge into a technical recession as global conflict collides with domestic political... https://www.gurutrade.com/news/uk-main-indexes-gain-over-1-on-mideast-peace-hopes-1781272239.html Fri, 12 Jun 2026 02:10:32 +0300 https://www.gurutrade.com/news/gold-steadies-but-heads-for-second-straight-weekly-loss-1781259646.html Trump says Iran war deal close Spot gold down over 2 for the week Fed policy meeting due next week Palladium heads for weekly gain June 12 Reuters Gold steadied on Friday as oil fell on rising hopes for a peace deal between Iran and the United States, but prices remained on track for a second straight weekly decline due to expectations of higher interest rates. Spot gold was little changed at 4,217.95 per ounce, as of 0843 GMT, but was down more than 2 for the week. U.S. gold futures rose 3 to 4,238.50. Gold prices are moving in line with statements from the U.S. President, but the overriding influence remains inflation, with markets expecting rate hikes from the ECB and also anticipating that the Fed will follow, said Quantitative Commodity Research analyst Peter Fertig. Gold39;s price move will depend on how steep the increase in inflation rate is. If we see a further acceleration in the coming months, the 4,000 handle could be broken to the downside. U.S. President Donald Trump said a deal with Iran could be signed as soon as this weekend, even as Tehran said it had not made a final decision on a pact. Oil prices extended losses from the previous session on the news. Gold has been under strain since the Iran conflict began, with worries that surging energy costs may drive inflation higher, reinforcing expectations that central banks will keep interest rates elevated, thereby increasing the opportunity cost of holding nonyielding bullion. ANZ lowered its... https://www.gurutrade.com/news/gold-steadies-but-heads-for-second-straight-weekly-loss-1781259646.html Fri, 12 Jun 2026 12:20:50 +0300 https://www.gurutrade.com/news/dollar-steadies-traders-weigh-prospects-for-iran-ceasefire-1781255507.html HONG KONGLONDON, June 12 Reuters The dollar found its footing on Friday after sliding the previous day as traders waited for confirmation that a ceasefire deal in the Middle East could be imminent. The euro bounced around and was last very slightly higher at 1.158, near its strongest in a week after the European Central Bank39;s first interest rate hike in three years on Thursday. The U.S. dollar was up 0.1 against Japan39;s currency at 160 yen, keeping it around a key level at which traders tend to get nervous about intervention from Tokyo. The British pound fell very slightly to 1.341. Data showing the economy contracted in April appeared to have little impact, with the focus on Iran talks. U.S. President Donald Trump said on Thursday the United States and Iran could sign a peace deal as soon as this weekend that would reopen the Strait of Hormuz to shipping. Brent crude slid 3.6 to 87 a barrel on Friday. Iran39;s semiofficial Mehr news agency said on Friday the memorandum, which contained U.S. commitments to lifting sanctions and its naval blockade, required finalisation by the relevant authorities. Yet analysts and investors sounded a skeptical note, saying potential breakthroughs have previously failed to materialise. There39;s a question around the hopes of a deal, and questions around whether it will be met and agreed upon by Iran and the United States, said Michael Wan, senior currency analyst at Mitsubishi UFJ Financial Group in Singapore. It sounds like... https://www.gurutrade.com/news/dollar-steadies-traders-weigh-prospects-for-iran-ceasefire-1781255507.html Fri, 12 Jun 2026 11:50:38 +0300 https://www.gurutrade.com/news/indian-shares-advance-as-oil-falls-on-middle-east-hopes-1781252116.html June 12 Reuters Indian shares advanced on Friday, tracking gains in other Asian markets, as oil prices fell after U.S. President Donald Trump cancelled plans to strike Iran, citing progress in talks. The benchmark Nifty 50 rose 1.02 to 23,398.9, while the BSE Sensex climbed 1.17 to 74,693.12 by 935 a.m. IST. Other Asian stock markets jumped 3.8. Brent crude futures slipped to near twomonth lows, tempering inflation fears. Trump said on Thursday the United States and Iran could sign a peace deal as soon as this weekend that would reopen the Strait of Hormuz to shipping. However, Iran said it had not reached a final decision on an agreement. Trump39;s decision to call off planned military strikes on Iran signals a diplomatic breakthrough, significantly reducing geopolitical risk premiums that had been weighing on global equities and energy markets over the past week, said Hariprasad K, analyst and founder of Livelong Wealth. All 16 major sectors logged gains. The broader smallcaps and midcaps rose 1.6 and 1.4, respectively. Oil marketing companies BPCL, HPCL and Indian Oil rose 2.4 to 3.8, while airline IndiGo gained 3.5, aided by the drop in oil prices. Paint, tyre and cement makers, which also benefit from lower crude prices, advanced as well. Infrastructure major Larsen Toubro, which has a significant exposure to the Middle East, climbed 2.8. Heavyweight banks and financials rose 1.4 each, heading for their third gain in four sessions, after the Reserve Bank... https://www.gurutrade.com/news/indian-shares-advance-as-oil-falls-on-middle-east-hopes-1781252116.html Fri, 12 Jun 2026 08:20:24 +0300 https://www.gurutrade.com/news/rupee-falls-on-oil-dollar-demand-erases-rbi-gains-1781191814.html MUMBAI, June 11 Reuters The Indian rupee dropped against the U.S. dollar on Thursday, almost wiping out gains from the central bank39;s measures to attract dollar inflows, as weak Asian cues and persistent dollar demand from oil firms weighed. The rupee opened lower at 95.52 per U.S. dollar and stayed under pressure since then, with bankers pointing to sustained dollar demand, particularly from oil companies, alongside usual midmonth flows. The currency ended at 95.76, down 0.5, barely holding on to any of the gain notched on Friday. The dollar had weakened post the release of yesterday39;s U.S. inflation data, but reversed its weakness after news of escalation of conflict between U.S. and Iran, Dhaval Shah, founder and managing director, DeRisk Forex Consultancy. Despite such strikes and a lapse of the ceasefire, we assess the war to be on a deescalatory path as indicated by neutral reaction of many financial assets, mainly oil. U.S. strikes on Iran overnight dented hopes of a broader resolution to the conflict. In response, Iran said it would shut the Strait of Hormuz and conducted counterattacks on U.S. military targets in Kuwait and Bahrain. Iran closing the strait is a reversal from recent weeks, when Iran had allowed limited transit for ships from friendly nations. Benchmark Brent crude rose more than 2 earlier in the day before trimming gains to trade marginally lower. Shah said the recent upmove in USDINR was a corrective rally, and added that a reversal... https://www.gurutrade.com/news/rupee-falls-on-oil-dollar-demand-erases-rbi-gains-1781191814.html Thu, 11 Jun 2026 01:50:10 +0300 https://www.gurutrade.com/news/ftse-100-rises-on-financials-mideast-risks-limit-gains-1781177684.html June 11 Reuters London39;s FTSE 100 index edged up on Thursday, supported by a recovery in financials stocks, but gains were restrained by simmering tensions in the Middle East and concerns about surging corporate spending on AI. The bluechip FTSE 100 rose 0.6 to 10,316.05 points by 0917 GMT, while the midcap FTSE 250 was flat. HSBC and Standard Chartered added 2 each, while Prudential rose 3.4 to lead gains on the bluechip index. Hong Kongexposed stocks were bouncing back from sharp declines over the past week after China tightened rules for crossborder investments a lucrative business for UK companies. Software stocks Relx and Sage Group were down 1.6 and 2.5, respectively, tracking losses in euro zone companies such as SAP and Capgemini. Oracle unveiled new debtbacked AI spending plans. UBS downgraded the broader European IT sector, as investors worry that enterprise clients may pivot from traditional software companies to newer AI models. Frasers Group inched up 1 after the retailer controlled by British billionaire Mike Ashley launched a 2 billion 2.31 billion takeover offer for struggling German fashion brand Hugo Boss. Wizz Air gained 5.3 after its operating profit beat analysts39; expectations. The carrier, however, forecast lower revenue per available seat kilometre for the first quarter, citing Iran war disruptions. British health and safety device maker Halma slid 12.6 after it forecast organic constantcurrency revenue for... https://www.gurutrade.com/news/ftse-100-rises-on-financials-mideast-risks-limit-gains-1781177684.html Thu, 11 Jun 2026 12:50:52 +0300 https://www.gurutrade.com/news/peace-hopes-steady-europe-ahead-of-expected-ecb-rate-hike-1781175435.html European shares rise, euro flat ahead of likely ECB rate hike Asian stocks volatile, KOSPI yoyos after Oracle hit on Wall Street Traders contemplate October Fed rate hike Gold steadies at more than 6month low LONDON, June 11 Reuters Europe39;s markets firmed on Thursday as reports of ongoing peace talks between the U.S. and Iran nudged oil prices down ahead of what is widely expected to be the first European Central Bank interest rate hike in nearly three years. The panEuropean STOXX 600 and the euro both inched higher as traders papered over a onemonth low for MSCI39;s world share index overnight after a near 9 plunge in Oracle39;s shares on Wednesday had buffeted Asia too. As Brent reversed to 92 a barrel on the revived peace hopes, focus was already turning to the ECB39;s likely rate hike, which follows weeks of hints from policymakers, but also some increasingly weak economic data. For markets, the key question is how this move is framed one and done or the beginning of a tightening cycle? said Julien Lafargue, chief market strategist at Barclays Private Bank. He added that ECB President Christine Lagarde was likely to try and avoid committing to any followup moves to preserve maximum policy optionality given the ongoing Iran war. A reescalation in hostilities in the Middle East began this week with Monday39;s downing of a U.S. Apache helicopter near the Strait of Hormuz, which sparked a series of titfortat attacks across Iran and on U.S. bases around the... https://www.gurutrade.com/news/peace-hopes-steady-europe-ahead-of-expected-ecb-rate-hike-1781175435.html Thu, 11 Jun 2026 12:40:28 +0300 https://www.gurutrade.com/news/gold-rebounds-from-6-month-low-but-rate-hike-fears-cap-gains-1781168449.html US and Iran exchange fire for a second straight day Traders see 67 chance of US rate hike in December May U.S. producer price index data due at 1230 GMT June 11 Reuters Gold prices rose on Thursday, rebounding from a sixmonth low, as investors covered their short positions, though concerns around higher inflation and U.S. interest rates capped gains. Spot gold rose 0.6 to 4,097.01 per ounce at 0836 GMT after hitting its lowest point since November 21 earlier in the session. U.S. gold futures for August delivery were down 0.4 at 4,118. Gold is clearly significantly oversold just now and it remains to be seen whether this is a recovery as such or simply short positions taking profit, independent analyst Ross Norman said. On the geopolitical front, the U.S. and Iran traded attacks for a second straight day, with President Donald Trump vowing further strikes if Tehran does not immediately agree to a peace deal. Spot gold has dropped more than 22 since the U.S.Israeli war on Iran kicked off in late February, which was followed by a jump in oil prices. Elevated crude oil prices can accelerate inflation and keep interest rates higher for longer. While gold is viewed as a hedge against inflation, higher interest rates tend to weigh on the metal. Data on Wednesday showed U.S. consumer inflation increased at its fastest pace in three years in May, boosted by surging prices for energyrelated products. The Federal Reserve is expected to hold rates steady in Kevin... https://www.gurutrade.com/news/gold-rebounds-from-6-month-low-but-rate-hike-fears-cap-gains-1781168449.html Thu, 11 Jun 2026 12:00:45 +0300 https://www.gurutrade.com/news/usd-wavers-as-investors-gbp-rate-outlook-mideast-worries-1781164021.html USIran clashes dent peace deal prospect Hot inflation keeps investors on edge about US rate outlook ECB set to hike rates later in the day, focus on comments BOJ chief Ueda hospitalised and will miss next week39;s meeting SINGAPORE, June 11 Reuters The U.S. dollar wobbled on Thursday as new U.S. strikes in the Middle East undermined sentiment, while a surge in May U.S. consumer inflation to a threeyear high kept investors uneasy about the Federal Reserve39;s monetary policy outlook. The currency markets have been muted this week, with a renewed cycle of titfortat strikes between the U.S. and Iran eroding hopes for a nearterm peace agreement in the Middle East. The euro firmed a bit to 1.1547, inching away from the 10week low it hit last week. The spotlight will be on the European Central Bank policy meeting later in the day as it looks poised to raise rates to tackle inflation. Sterling was at 1.3379. The dollar index , which measures the U.S. currency against six major peers, eased to 99.903 after the U.S. military said it had completed strikes against multiple targets in Iran. The United States began a fresh round of strikes overnight in Iran as President Donald Trump vowed even more attacks if no peace deal is secured. The latest escalation kept markets jittery, pushing oil prices higher. Still, the market reaction was less volatile than in the past, with the dollar remaining relatively subdued so far. We still have a bit of news fatigue in the market. This... https://www.gurutrade.com/news/usd-wavers-as-investors-gbp-rate-outlook-mideast-worries-1781164021.html Thu, 11 Jun 2026 08:50:13 +0300 https://www.gurutrade.com/news/dollar-stalls-as-us-iran-clashes-inflation-in-focus-1781098679.html Dollar steady following U.S.Iran tensions U.S. inflation data awaited for Fed policy clues Yen remains weak despite expected BOJ rate hike LONDON, June 10 Reuters The dollar held steady on Wednesday as markets remained on edge over the latest clash between the U.S. and Iran, while awaiting closely watched U.S. inflation data that could provide clues on the Federal Reserve39;s interest rate path. U.S. President Donald Trump said on Wednesday Iran had taken too long to negotiate a deal and would now have to pay the price, while Tehran said it would reassess diplomatic engagement with Washington after titfortat strikes overnight. Iran launched missile and drone attacks on U.S. bases in Jordan, Kuwait and Bahrain in retaliation for American strikes on Iranian targets around the Strait of Hormuz. The dollar index , which measures the greenback against a basket of currencies including the yen and euro, was last steady at 99.97. The euro was flat at 1.1541, while sterling was little changed at 1.3384. Even with the kind of reupping of some of the tensions in the short term, actually the overall sentiment that we see more broadly is that we39;re still closer to some kind of deal or agreement than further away, said Dominic Bunning, head of G10 FX strategy at Nomura. He said investors are also focused on U.S. economic data and the outlook for Fed rates, especially with Chairman Kevin Warsh taking the helm. At some point there39;s certainly a sense that we39;ll need... https://www.gurutrade.com/news/dollar-stalls-as-us-iran-clashes-inflation-in-focus-1781098679.html Wed, 10 Jun 2026 03:30:45 +0300 https://www.gurutrade.com/news/gold-falls-over-2-on-fading-middle-east-peace-hopes-1781095989.html US, Iran trade blows US May consumer price index data due at 1230 GMT Gold falls to its lowest since March 23 Traders see 70 chance of US rate hike in December June 10 Reuters Gold slid to a more than twomonth low on Wednesday as fresh fighting in the Middle East dimmed hopes of a resolution to the U.S.Israeli war with Iran, heightening concerns about inflation and interest rate hikes. Spot gold was down 2.7 at 4,148.86 per ounce by 1159 GMT, its lowest level since March 23. U.S. gold futures for August delivery shed 2.7 to 4,169.90. Gold remains a victim of growing inflation risks despite geopolitical tensions fuelling risk aversion. Renewed U.S.Iran hostilities have essentially sabotaged efforts to end the war, said Lukman Otunuga, senior research analyst at FXTM. Iran39;s Revolutionary Guards said they had carried out missile and drone attacks on U.S. military bases in Jordan, Kuwait and Bahrain in retaliation for American strikes on Iranian targets around the Strait of Hormuz. The clashes mark one of the biggest exchanges in hostilities since the two countries agreed to a ceasefire in April. Bullion has fallen more than 20 since the U.S.backed war with Iran began in late February. The conflict has led to a surge in oil prices, stoking fears of inflation and higher interest rates. While gold is seen as a hedge against inflation, higher rates typically weigh on the nonyielding metal. Traders are currently pricing in a 70 chance of a U.S. interest rate hike... https://www.gurutrade.com/news/gold-falls-over-2-on-fading-middle-east-peace-hopes-1781095989.html Wed, 10 Jun 2026 03:20:42 +0300 https://www.gurutrade.com/news/sterling-steady-as-investors-weigh-u-s-iran-peace-prospects-1781107001.html LONDON, June 10 Reuters Sterling was broadly steady against the dollar on Wednesday, with investors closely monitoring the latest flareup between the U.S. and Iran that has cast fresh doubt over prospects for a deal to end the war. Iran39;s Revolutionary Guards said they had carried out missile and drone attacks on U.S. military bases in Jordan, Kuwait and Bahrain on Wednesday in retaliation for American strikes on Iranian targets around the Strait of Hormuz. The exchange, after U.S. President Donald Trump said that Iran had downed a U.S. Apache helicopter near the strait, marks one of the most significant escalations since Washington and Tehran agreed to a ceasefire in April. However, currency markets seemed to shrug off the latest attacks and remain focused on hopes of the conflict being resolved, with the safehaven dollar treading water. Sterling was last up 0.13 against the dollar at 1.3393, having on Monday hit its lowest since May 18. Against the euro, sterling was little changed at 86.24 pence. Markets are looking to Friday39;s UK GDP data, with further fresh impulses for sterling set to come thick and fast next week. Various economic data points are due then, including inflation and retail sales figures, an interest rate decision from the Bank of England, and the crucial Makerfield byelection will take place on June 18. The byelection could pave the way back to Westminster for Greater Manchester Mayor Andy Burnham, the candidate of the governing Labour... https://www.gurutrade.com/news/sterling-steady-as-investors-weigh-u-s-iran-peace-prospects-1781107001.html Wed, 10 Jun 2026 01:40:37 +0300 https://www.gurutrade.com/news/retail-investors-hit-borrowing-limits-at-s-korean-brokerages-think-tank-1781105229.html SEOUL, June 10 Reuters Leveraged stock investments by South Korean retail investors have reached their limits set at local brokerage firms as the country39;s worldbeating stock market rally stretches borrowing capacity, a think tank said on Wednesday. There are caps at each brokerage firm, which are being strictly regulated. The caps have been reached at each brokerage firm, so it is difficult for retail investors to borrow more from brokerage firms for investment, President of the Korea Capital Market Institute Kim Seiwan told press conference. The KOSPI has risen 83 so far this year, after rising 76 last year, emerging as the world39;s best performer in an AIdriven rally and drawing huge inflows of retail investment in domestic chipmaker stocks such as Samsung Electronics and SK Hynix. Retail investments in the KOSPI have reached 79 trillion won 51.8 billion so far this year, leading the rally in the benchmark index, even as foreigners sold 124 trillion won of shares for profittaking. Last year, retail investors sold 26 trillion won of KOSPI shares. Borrowed investments by retail investors in the KOSPI market stood at a record 29 trillion won as of Tuesday, up 71 from 17 trillion won at the end of 2025, according to data from the Korea Financial Investment Association. 1 1,524.6900 won Reporting by Jihoon Lee; Editing by Jacqueline Wong Source Reuters https://www.gurutrade.com/news/retail-investors-hit-borrowing-limits-at-s-korean-brokerages-think-tank-1781105229.html Wed, 10 Jun 2026 11:30:50 +0300 https://www.gurutrade.com/news/copper-slips-as-macro-concerns-outweigh-us-tariff-fears-1781079582.html SINGAPORE, June 10 Reuters Copper edged lower on Wednesday, as volatility in the Middle East conflict and macroeconomic concerns overcame price support from potential U.S. tariffs. Benchmark threemonth copper on the London Metal Exchange declined 0.32 to 13,572 a metric ton as of 0700 GMT. The mosttraded copper contract on the Shanghai Futures Exchange was down 0.29 to 104,110 yuan 15,366.79 a ton. Oil reversed earlier gains, declining 0.1, even after the U.S. and Iran traded some of the biggest strikes since the two countries agreed to a ceasefire in April. The war has pushed energy prices up and strained manufacturing, a key sector for copper demand. In China, producer prices rose for a third straight month in May, to the highest level since 2022, official data released on Wednesday showed, driven by rising commodity prices and improved demand in certain industries. Looking ahead, U.S. inflation data for May are set to be released later on Wednesday, which could inform the Federal Reserve39;s policy decision. Betterthanexpected U.S. jobs data last Friday boosted the dollar and raised the likelihood of a rate hike this year, rattling the copper market. Higher interest rates generally dampen the demand prospects for growthdependent industrial metals. A decision on U.S. copper tariffs, expected in the second half of the year, continued to provide support to prices. The U.S. has floated a possible 15 levy on copper imports from the start of 2027, followed by 30... https://www.gurutrade.com/news/copper-slips-as-macro-concerns-outweigh-us-tariff-fears-1781079582.html Wed, 10 Jun 2026 10:30:34 +0300 https://www.gurutrade.com/news/gold-edges-up-as-dollar-slips-oil-falls-before-data-1781014173.html Oil falls after Iran, Israel halt strikes on each other US May CPI data due on Wednesday Traders see about 70 chance of US rate hike in December June 9 Reuters Gold edged higher on Tuesday, rebounding from a more than twomonth low in the previous session, as a weaker dollar and falling oil prices lent support while investors evaluated Middle East peace prospects ahead of key inflation data. Spot gold edged 0.2 higher at 4,338.69 per ounce, as of 905 a.m. ET 1305 GMT. It fell to its lowest level since March 23 in the previous session. U.S. gold futures for August delivery were steady at 4,363.90. The dollar weakened 0.3 against its peers, making greenbackpriced bullion more affordable for holders of other currencies. We39;ve seen some weakness in oil prices... while gold has pulled back recently, the uptick appears to be largely driven by shortcovering, said Fawad Razaqzada, market analyst at Forex.com. Developments in the Middle East point to a possible peace deal, which pushed oil prices lower after Iran and Israel said they had halted attacks on each other following an appeal from U.S. President Donald Trump. Lower oil prices could ease inflation fears, making room for interestrate cuts by central banks and boosting the appeal of nonyielding gold. After last week39;s strong job numbers, focus has shifted to key inflation data this week, including the May U.S. Consumer Price Index print on Wednesday and Producer Price Index reading on Thursday, for more... https://www.gurutrade.com/news/gold-edges-up-as-dollar-slips-oil-falls-before-data-1781014173.html Tue, 09 Jun 2026 04:50:33 +0300 https://www.gurutrade.com/news/sterling-rises-against-euro-dollar-risk-sentiment-improves-1781008635.html Sterling rises on softer dollar and improved risk appetite Pound rebounds from Monday low; hits twoweek high versus euro Focus shifts to UK outlook and GDP data June 9 Reuters Sterling rose against the dollar and hit a twoweek high versus the euro on Tuesday as risk appetite improved and the U.S. currency eased on hopes for a Middle East peace deal. The pound is seen as a risksensitive currency, given Britain39;s reliance on global trade and capital flows. The dollar edged down as investors weighed hopes for a peace deal and the U.S. rate outlook, while global stocks rallied as investors bought the latest dip in tech stocks. The pound fell sharply on Friday, largely due to dollar strength, as expectations for higher U.S. rates and safehaven demand increased amid escalating Middle East violence. On Tuesday, sterling rose 0.36 to 1.3385 , after hitting 1.33065 on Monday, its lowest since May 18. Some market participants said focus is shifting away from political concerns, with sentiment towards the UK economy improving. Whilst investors have remained focused on the UK39;s fragile public finances, the second part of the dual deficit narrative, the balance of payments, has been largely overlooked, Kamal Sharma, forex strategist at BofA, said. A higher capitalintensive mix of foreign direct investment inflows should be seen as a mediumterm positive for the pound valuation trends, he added, citing AIlinked inflows alongside financial services and biotech investment.... https://www.gurutrade.com/news/sterling-rises-against-euro-dollar-risk-sentiment-improves-1781008635.html Tue, 09 Jun 2026 01:20:43 +0300 https://www.gurutrade.com/news/ftse-100-weighed-by-gsk-shares-after-nuvalent-takeover-1781007731.html June 9 Reuters UK39;s bluechip FTSE 100 slipped on Tuesday, weighed by shares of GSK after the healthcare company announced plans to acquire shares of U.S.based drug developer Nuvalent for 10.6 billion as it seeks to boost its lung cancer treatments. The bluechip FTSE 100 index slipped 0.3 to 10,341 points by 0810 GMT, while the midcap FTSE 250 edged up 0.2. Shares of GSK lost 2.8 and weighed on the broader FTSE 350 Pharmaceuticals and Biotechnology index that fell 1.6 and was the biggest sectoral decliner. Global markets were also eyeing signs of deescalation in the Middle East after Iran and Israel said they had halted attacks on each other following an appeal from U.S. President Donald Trump, who also said that he could have an idea for an Iran deal within a few days. Inflation concerns, stemming from higher energy costs due to the conflict, have had investors price in a 25 basis point interest rate hike by the Bank of England in September, according to LSEGcompiled data. The main FTSE indexes have underperformed their peers in Asia and the U.S., given their minimal exposure to AI stocks. Against this backdrop, Britain set out a new 1.1 billion 1.47 billion plan to build domestic AI computing capacity. Among other stocks, BP slipped 1, tracking a slip in crude prices. Attention on the company has piqued after the firing of former chair Albert Manifold and a latest report said investors and former executives at the oil major were in the dark... https://www.gurutrade.com/news/ftse-100-weighed-by-gsk-shares-after-nuvalent-takeover-1781007731.html Tue, 09 Jun 2026 11:20:10 +0300 https://www.gurutrade.com/news/dollar-eases-as-investors-weigh-mideast-hopes-rate-outlook-1780993648.html Dollar eases after Iran and Israel halt strikes on each other Rate divergence back in focus after Friday39;s strong U.S. data Yen remains in intervention territory near 160 per dollar June 9 Reuters The U.S. dollar edged lower on Tuesday, as investors weighed hopes for a deal to reopen the Strait of Hormuz against expectations of higher U.S. interest rates following strong jobs data late last week. The U.S. economy is relatively insulated from energy shocks compared to other countries, which is one of the reasons why investors flocked to the safehaven dollar during the conflict, while selling the euro and the Japanese yen. Conversely, investors tend to sell the greenback against the euro and yen when developments in the Middle East point to a possible peace deal, which could ease oil prices. U.S. Treasury yields surged on Friday after data showed U.S. employers added far more jobs than expected in May, bolstering bets that the Federal Reserve will raise rates later this year. After Friday, the market39;s growthdriven narrative may have given way to a real rates driven narrative, Thierry Wizman, global forex and rates strategist at Macquarie Group, said. Iran and Israel said on Monday they had halted attacks on each other after an appeal from U.S. President Donald Trump, though Tehran warned it would resume hostilities if Israel continued to hit Hezbollah in Lebanon. At the same time, a situation of no deal, no war between the U.S. and Iran may not be able to... https://www.gurutrade.com/news/dollar-eases-as-investors-weigh-mideast-hopes-rate-outlook-1780993648.html Tue, 09 Jun 2026 10:50:10 +0300 https://www.gurutrade.com/news/inr-slumps-as-elevated-crude-treasury-yields-support-usd-1780923027.html MUMBAI, June 8 Reuters The Indian rupee reversed nearly all of the previous session39;s rally on Monday, pressured by rising oil prices, fragile risk appetite and patchy corporate flows. A raft of measures aimed at supporting the currency battered by the impact of the monthslong Iran war had boosted the rupee to its best day in two months on Friday. However, rising crude and renewed expectations of a Federal Reserve rate hike have offset their positive impact. The rupee ended down 0.8 in its sharpest fall in four weeks to settle at 95.7075 per dollar. Still, analysts say the measures to attract dollars would lead to 30 billion to 50 billion of money flowing in. The RBI has provided meaningful support to the rupee, but external factors will remain crucial. Any escalation in U.S.Iran tensions, leading to a stronger dollar or higher oil prices, could temporarily push the pair upwards, said Amit Pabari, managing director at FX advisory firm CR Forex. Brent crude jumped over 4 after Israel launched fresh strikes on Lebanon despite an existing truce, weakening hopes of a broader regional deescalation and delaying the possible resumption of shipping through the Strait of Hormuz. The crude spike brought external risks back into focus for the rupee, given India39;s heavy dependence on imports and the currency39;s sensitivity to swings in energy prices. Higher oil prices typically widen India39;s import bill, pressure the current account, and increase demand for dollars... https://www.gurutrade.com/news/inr-slumps-as-elevated-crude-treasury-yields-support-usd-1780923027.html Mon, 08 Jun 2026 01:50:00 +0300 https://www.gurutrade.com/news/japan-investors-make-biggest-foreign-stock-exit-in-5y-in-may-1780918968.html June 8 Reuters Japanese investors sold foreign stocks at the fastest pace in about five years in May, as caution over Middle East hostilities and concerns that a techdriven market rally had run too far weighed on sentiment. They sold foreign stocks of a net 2.72 trillion yen 16.98 billion during the month as they logged the largest net withdrawal since April 2021, data from Japan39;s Ministry of Finance MOF showed on Monday. The MSCI World Index, which hit a record 1,138.3 last week, is down about 2.9 so far this month, as a blowout U.S. jobs report triggered a selloff in hot AIlinked technology stocks. Japanese investors bought a net 2.9 trillion yen worth of foreign debt securities, the most since May 2025. The MOF data showed that trust accounts divested a net 3.38 trillion yen of foreign stocks but pumped 3.16 trillion yen into bonds in the overseas markets. Investment trust management companies and life insurers, meanwhile, bought a net 614.6 billion yen and 77.5 billion yen worth of foreign stocks in the last month. A separate set of data from the Bank of Japan showed that Japanese investors had bought 1.91 trillion yen worth of U.S. stocks and 826.4 billion yen of European stocks in the first four months of this year. They had bought British and Spanish stocks of 285.5 billion yen and 80.1 billion yen in the first four months of the year. 1 160.2000 yen Reporting by Gaurav Dogra; Editing by Andrew Heavens Source Reuters https://www.gurutrade.com/news/japan-investors-make-biggest-foreign-stock-exit-in-5y-in-may-1780918968.html Mon, 08 Jun 2026 12:20:20 +0300 https://www.gurutrade.com/news/sterling-muscled-toward-two-month-lows-by-robust-dollar-1780912202.html Dollar strengthens on US rate hike expectations and Middle East tensions Sterling pressured by higher oil prices, supply chain fears and shifting rate outlook BoE survey suggests slower British price rises, delaying further rate hikes LONDON, June 8 Reuters The pound neared its lowest level in nearly two months on Monday, largely because of the strength of the dollar, which benefitted from mounting expectations for U.S. rates to rise this year and from a degree of safehaven demand, as violence spread across the Middle East. Oil prices jumped as much as 5 after Israel said it hit an Iranian petrochemical plant, along with strikes elsewhere on military targets, despite U.S. President Donald Trump warning Israeli Prime Minister Benjamin Netanyahu to refrain from additional attacks. This kept capital flowing into the dollar, which was already around its highest point in two months against a basket of major currencies after a betterthanexpected jobs report on Friday. Sterling was steady at 1.334, just above the May 18 trough at 1.3304, the lowest point since April 8. Against the euro , the pound has fared a little better. So far this month, the euro has dipped 0.2 against sterling to around 0.864 pounds on Monday, but has remained in a fairly tight trading range over the past few weeks. The pound is now nearly 2 below where it was before the U.S.Israeli war on Iran kicked off in late February. Throughout April, it gradually clawed back those losses, only to release them... https://www.gurutrade.com/news/sterling-muscled-toward-two-month-lows-by-robust-dollar-1780912202.html Mon, 08 Jun 2026 12:10:43 +0300 https://www.gurutrade.com/news/s-korea-s-kospi-craters-over-8-as-fed-fears-spark-tech-rout-1780908107.html KOSPI falls 8.3, triggering circuit breakers Chipmakers Samsung Electronics and SK Hynix tumble Robust U.S. payrolls data sparks rout in tech stocks Authorities hold emergency meeting after won hits 17year low SEOUL, June 8 Reuters South Korea39;s stock benchmark plunged over 8 on Monday, tripping circuit breakers, after robust U.S. jobs data lifted bets on a Federal Reserve rate hike and unleashed a selloff in the techheavy market that had powered the broader AI rally. The KOSPI fell 8.3 to close at 7,484.41, marking its biggest daily fall since March 4. The index is now 15 below the peak of 8,801.49 hit on June 2. Chip heavyweight Samsung Electronics tumbled 10.2, and peer SK Hynix dropped 7.7 even as Nvidia39;s CEO, Jensen Huang, said SK Hynix remained its biggest partner while unveiling new deals during his trip to South Korea. The two South Korean chipmakers have been the driving force behind the index39;s worldbeating surge, buoyed by record profits. Their market capitalisations this year alone have jumped more than 150 and 200, respectively, now accounting for over half of the benchmark and propelling them into the 1 trillion club. Circuit breakers were activated on the benchmark index soon after the market opened, halting trading for 20 minutes for the first time in three months, followed by another sidecar curb. It was the third time circuit breakers were triggered this year, and the ninth in history. The won rallied more than 1 to 1,533.7 per dollar,... https://www.gurutrade.com/news/s-korea-s-kospi-craters-over-8-as-fed-fears-spark-tech-rout-1780908107.html Mon, 08 Jun 2026 11:10:44 +0300 https://www.gurutrade.com/news/dollar-scales-two-month-peak-as-fed-hike-bets-ramp-up-1780907048.html US jobs report boosts Fed rate hike expectations, dollar holds gains Investors add to bullish dollar positions Yen weakens despite BOJ rate hike expectations, market eyes BOJ signals SINGAPORELONDON, June 8 Reuters The dollar traded around its highest in nearly two months on Monday after a blowout U.S. jobs report prompted traders to ramp up bets on a Federal Reserve rate rise this year, while the yen tilted further into the intervention zone. Price action in currencies was fairly subdued compared with broader financial markets, where a rout in technology stocks swept across Asia and unsettled shares in Europe. The dollar held to the gains made on the back of Friday39;s report that showed nonfarm payrolls increased by 172,000 jobs last month, which far exceeded estimates. The euro hovered around its lowest in around nine weeks at 1.1525, while the pound traded near threeweek lows at 1.3344. The U.S. payrolls report ... paints a picture of a U.S. labour market that is strengthening despite the ongoing energy price shock, said Jonas Goltermann, chief markets economist at Capital Economics. That combination makes policy tightening by the Fed later this year increasingly probable ... we now expect the FOMC to deliver two 25 basispoint rate hikes later this year, in response to the energy supply shock and the reacceleration of the U.S. labour market. Prior to the release of the jobs report, traders were already growing more convinced of a Fed hike landing this year,... https://www.gurutrade.com/news/dollar-scales-two-month-peak-as-fed-hike-bets-ramp-up-1780907048.html Mon, 08 Jun 2026 11:00:39 +0300 https://www.gurutrade.com/news/gold-extends-losses-on-us-interest-rate-hike-fears-1780906738.html Israel strikes military targets in Iran Oil prices rise more than 4 a barrel US economy added 172,000 jobs last month June 8 Reuters Gold prices extended losses on Monday to their lowest point in more than two months, on fears of a U.S. rate hike following a strong jobs report, while renewed hostilities in the Middle East pushed oil prices higher and fanned inflation concerns. Spot gold was down 0.3 at 4,315.71 per ounce by 0725 GMT, falling to its lowest since March 23 earlier in the session. Prices fell about 3 on Friday, hitting an over twomonth low. U.S. gold futures for August delivery were down 0.6 at 4,341.10. It is all based on the hawkishness that the market has started to place on the Fed futures, said Kelvin Wong, a senior market analyst at OANDA, adding that higher Treasury yields were further pressuring gold. The yield on the benchmark 10year U.S. Treasury note rose after jumping to a twoweek high in the previous session, increasing the opportunity cost of holding nonyielding bullion. Israel said it struck military targets in western and central Iran on Monday, even after U.S. President Donald Trump reportedly told Israeli Prime Minister Benjamin Netanyahu to refrain from further attacks. Oil prices climbed more than 4 a barrel, deepening concerns over inflation and rate hikes. While gold is seen as a hedge against inflation, higher interest rates tend to weigh on the nonyielding metal. The U.S. economy posted a third consecutive month of strong... https://www.gurutrade.com/news/gold-extends-losses-on-us-interest-rate-hike-fears-1780906738.html Mon, 08 Jun 2026 10:50:35 +0300 https://www.gurutrade.com/news/china-savers-flock-to-hk-amid-tighter-capital-controls-1780913341.html Mainland investors rush to Hong Kong brokers after crackdown on online platforms Brokers Futu, Tiger, Longbridge to halt services for mainland clients from June 12 Investors explore offshore company setups as alternative for overseas market access June 8 Reuters Some savers from mainland China are travelling to Hong Kong and scrambling to explore options to retain their investments in the financial hub, after Beijing39;s unexpected crackdown last month on illegal crossborder securities trading. Chinese regulators in late May announced a major crackdown on crossborder investments and punished three online brokers for illegally helping Chinese investors buy shares in foreign markets, including in Hong Kong. The latest crackdown has clouded the prospects of mainland investors39; pursuit of investments in Hong Kong, their most favoured offshore market due to the variety of products offered and the ease of access to foreign currencies. At stake are an estimated 54 billion in financial assets, according to brokerage Kaiyuan Securities, which includes U.S. and Hong Kong stocks, held by mainland individuals drawn to offshore markets by surging tech shares and lucrative returns. Some of the mainland visitors to Hong Kong are scrambling to move assets out of the sanctioned online brokers to smaller Hong Kongfocussed peers and rushing to meet tightened customer diligence rules at citybased banks. One of them, a retired Chinese public servant, attempted to set up her new... https://www.gurutrade.com/news/china-savers-flock-to-hk-amid-tighter-capital-controls-1780913341.html Mon, 08 Jun 2026 08:20:25 +0300 https://www.gurutrade.com/news/pound-eyes-3rd-weekly-gain-as-steady-oil-calms-fears-1780675135.html LONDON, June 5 Reuters The pound edged up on Friday, set for a third weekly gain versus the dollar, ahead of major U.S. jobs data, as a steadier oil price encouraged investors to dip into more volatile currencies like sterling. With peace talks between the United States and Iran stalled and, in the absence of another round of hostilities, Brent crude futures held around 95 a barrel. The pound, along with the Australian and New Zealand dollars, got a boost from improved investor risk appetite, as well as from a Bank of England survey that suggested British businesses expect to raise prices less quickly in the year ahead then they did in April, as some of the initial energy price shock caused by the Iran war fades. Sterling , which has edged up 0.1 so far this week against the dollar, was up 0.3 at 1.346. The euro was a touch weaker against the pound, drifting 0.1 to 0.8639 pounds . This all helps cement another on hold decision from the Bank of England later this month. We know officials put a lot of faith in this survey. And it also questions the need to hike interest rates in general, ING strategists said in a note. Money markets show traders expect no move from the BoE when it meets later this month, with the first rate hike expected around September and a roughly 50 chance of a second by yearend . A rate hike would normally boost the appeal of a currency, but with UK growth faltering and inflation picking up, higher borrowing costs stand to hurt the consumer and... https://www.gurutrade.com/news/pound-eyes-3rd-weekly-gain-as-steady-oil-calms-fears-1780675135.html Fri, 05 Jun 2026 03:10:06 +0300 https://www.gurutrade.com/news/gold-heads-for-weekly-loss-on-fading-middle-east-peace-hopes-1780664185.html Hezbollah leader rejects Lebanon ceasefire deal Precious metals on track for weekly loss US nonfarm payrolls data due at 1230 GMT Gold demand in India subdued amid volatile prices June 5 Reuters Gold edged lower on Friday, and was headed for a weekly loss, as fading hopes of a swift resolution to the Middle East conflict fuelled fears of higher inflation and elevated interest rates. Spot gold was down 0.2 at 4,463.73 per ounce at 0849 GMT. The metal has fallen about 1.6 so far this week. U.S. gold futures for August delivery fell 0.3 to 4,491. The Iranbacked Hezbollah militia rejected a new ceasefire in Lebanon and Israel said it would not withdraw troops from the country, undermining U.S. President Donald Trump39;s efforts to halt fighting there to forge peace with Tehran. When the IranU.S. negotiations don39;t seem to be going in the right direction, it tends to drive up oil prices. That triggers inflation fears and increases the likelihood that interest rates will remain relatively high, pressuring gold, said Nitesh Shah, commodity strategist at WisdomTree. Brent crude oil prices have risen 2.8 so far this week as the key Strait of Hormuz remains largely shut. Bullion has fallen about 16 since the Iran conflict began in late February as oil prices rose, stoking fears of inflation and higher interest rates. While gold is seen as a hedge against inflation, higher rates tend to weigh on the nonyielding metal. Markets are currently pricing in a Federal... https://www.gurutrade.com/news/gold-heads-for-weekly-loss-on-fading-middle-east-peace-hopes-1780664185.html Fri, 05 Jun 2026 01:10:28 +0300 https://www.gurutrade.com/news/uk-s-ftse-100-falls-to-2-week-low-bank-energy-stocks-drag-1780575573.html June 4 Reuters UK39;s FTSE 100 fell to a morethantwoweek low on Thursday, as Asiaexposed lenders dropped on a report of China tightening offshore account rules, while energy stocks eased as crude oil prices fell. The bluechip FTSE 100 index dropped 0.5 to 10,281.65 points by 1144 GMT, hitting its lowest level since midMay. The midcap FTSE 250 inched 0.1 lower. Chinaexposed lenders HSBC and Standard Chartered dropped 4.8 and 6.4, respectively, after a media report that residents of mainland China were facing greater constraints in opening offshore accounts at major Hong Kong banks. Asiafocused insurer Prudential also dropped 6.7 and was headed for its biggest oneday drop since February. Industrial metal miners also lagged, with shares of Antofagasta and Rio Tinto down about 3 each, tracking an initial drop in base metal prices. S4 Capital slid 8.7 after the ad group39;s Chairman Martin Sorrell said progress on revenue growth and margin improvement was insufficient as the industry faces a marketing downturn due to global macroeconomic uncertainty. CMC Markets jumped 15.8 after the trading platform forecast annual profit ahead of market views. In the Middle East, Israel and Lebanon agreed to implement a new ceasefire after U.S.mediated talks, the Trump administration said, raising hopes for progress toward ending the wider U.S.Israeli war with Iran and sending crude oil prices down over 3. British energy heavyweights Shell and BP fell over... https://www.gurutrade.com/news/uk-s-ftse-100-falls-to-2-week-low-bank-energy-stocks-drag-1780575573.html Thu, 04 Jun 2026 03:10:39 +0300 https://www.gurutrade.com/news/rupee-ends-slightly-lower-ahead-of-key-central-bank-rate-1780572632.html MUMBAI, June 4 Reuters The Indian rupee dipped on Thursday, extending a twosession decline, ahead of Friday39;s allimportant Reserve Bank of India monetary policy review, where traders are widely anticipating steps to support the currency. The rupee closed at 95.7850 per U.S. dollar, from 95.7050 on Wednesday. The currency meandered in a narrow range through the session, pressured by weaker Asian peers and importer hedging after a central bank interventionled relief rally. The rupee has recovered ground after the Reserve Bank of India39;s intervention in spot and forward markets helped it rebound from a record low of 96.96 hit around midMay. The RBI39;s activity has provided breathing room for the rupee and dragged down FX premiums, a currency trader at a private sector bank said. Lower forward premiums reduce the cost for importers to hedge future dollar payments, while disincentivising exporters from hedging. Market expectations of measures to boost inflows and support the currency have further aided the recovery. India may cut capital gains tax on foreign investment in government bonds as one way to boost inflows, Reuters and other news media reported on Thursday. Other measures widely anticipated include schemes incentivising nonresident deposits and hedging cost relief for companies raising overseas debt. If Fridays RBI policy does not deliver steps to support the currency, expect renewed pressure, especially now that the rupee has corrected and forward... https://www.gurutrade.com/news/rupee-ends-slightly-lower-ahead-of-key-central-bank-rate-1780572632.html Thu, 04 Jun 2026 01:30:07 +0300 https://www.gurutrade.com/news/gold-gains-as-mideast-peace-hopes-dent-dollar-and-oil-1780568339.html Israel and Lebanon agree to implement ceasefire Dollar, oil prices fall on USIran peace deal hopes U.S. nonfarm payrolls data for May due Friday June 4 Reuters Gold prices rose on Thursday as hopes of a resolution to the Middle East conflict pushed the dollar and oil prices lower, easing fears of higher inflation and interest rate hikes. Spot gold was up 0.7 at 4,464.79 per ounce, as of 0856 GMT. U.S. gold futures for August delivery gained 0.6 to 4,491.80. The dollar eased, making greenbackpriced bullion more affordable for holders of other currencies. Israel and Lebanon agreed to implement a ceasefire to end hostilities, the Trump administration said on Wednesday, boosting hopes for a broader deal to end the U.S.Israeli war on Iran. Additionally, the Republicanled U.S. House of Representatives approved a resolution to block U.S. President Donald Trump from continuing the war against Iran. A successful diplomatic outcome would allow crude flows to resume and ease inflationary fears. Cooling geopolitical concerns and lower oil prices weighing on the greenback could help bullion extend its recovery, said Nikos Tzabouras, a senior market analyst at Jefferiesowned Tradu.com. Oil fell after the IsraelLebanon ceasefire announcement. Gold prices have fallen about 16 since the Iran conflict began in late February as oil prices rose. Elevated crude oil prices can stoke inflation, increasing the likelihood of higher interest rates. While gold is seen as a hedge... https://www.gurutrade.com/news/gold-gains-as-mideast-peace-hopes-dent-dollar-and-oil-1780568339.html Thu, 04 Jun 2026 12:20:25 +0300 https://www.gurutrade.com/news/european-shares-steady-as-investors-eye-mideast-risk-1780565040.html STOXX 600 up 0.1 Remy Cointreau up after CEO lays out turnaround plan Chip stocks ease after strong rally, Broadcom results Financial services stocks steady after Wednesday39;s slump Puma gains on brokerage upgrade June 4 Reuters European shares were steady on Thursday, as investors assessed whether developments in the Middle East would lead towards a peace deal to end the monthslong conflict, while Remy Cointreau rose after the beverage maker announced a turnaround plan. Crude prices eased about 1 to 96 a barrel after Israel and Lebanon reached an agreement to implement a ceasefire, raising hopes for a broader deal to end the U.S.Israeli war on Iran. Wary investors awaited clearer signs that a peace deal could be imminent this time after several rounds that have led nowhere. The panEuropean STOXX 600 index inched up 0.1 to 621.85 points by 0849 GMT, with retailers and luxury stocks leading gains, each with a more than 1 rise. The benchmark is on track to end the week marginally lower as the Strait of Hormuz, a key global oil shipping route, remained mostly shut. Rising price pressures have pushed investors to price in a 25 basis point interest rate hike by the European Central Bank when it meets next week, LSEGcompiled data showed. The well telegraphed policy hike coming next week reveals a preference for curbing upside inflationary risks rather than addressing downside growth risks, said a group of macro analysts led by Rune Thyge Johansen at Danskebank.... https://www.gurutrade.com/news/european-shares-steady-as-investors-eye-mideast-risk-1780565040.html Thu, 04 Jun 2026 12:10:10 +0300 https://www.gurutrade.com/news/global-firms-tap-india-s-ipo-boom-to-take-profits-home-1780559420.html Foreign firms use Indian IPOs mainly to repatriate funds Skyhigh Indian valuations driving exits, bankers say IPO trend adds to concerns about weakening Indian rupee MUMBAI, June 4 Reuters India39;s redhot initial public offering market may look irresistible as foreign firms line up for listings, but the rush is not about raising funds to expand in a fastgrowing market; it39;s about sending billions of dollars back to headquarters. Just one of six foreignbased companies that listed their Indian units in Mumbai since 2024 raised new funds, with all others structured purely as secondary offerings or offer for sale OFS, where existing shareholders sell their holdings to the public without raising any new funds, according to data from Prime Database, an Indian market research firm. Foreignbased parents of companies that have long invested in India pocketed nearly 5 billion through such secondaryoffering IPOs, with Hyundai Motor and LG Electronics accounting for more than 80 of those payouts, the data showed. Simply put, for each dollar raised in these IPOs taken together, more than 59 went out. And the trend is continuing the planned 1 billion IPO of Walmart39;s Indian payments arm and Modern Times Group39;s 335 million IPO of its local gaming unit will both take the OFS route. This week, CocaCola said the planned listing of its Indian bottler will have the American firm sell a portion of its stake. Banking sources said Carlsberg39;s planned Indian IPO will also have... https://www.gurutrade.com/news/global-firms-tap-india-s-ipo-boom-to-take-profits-home-1780559420.html Thu, 04 Jun 2026 09:50:38 +0300 https://www.gurutrade.com/news/usd-hits-2-mth-high-on-gulf-war-jpy-wobbles-near-intervention-zone-1780562719.html Yen creeps back near 160, drawing intervention alarm Gulf tensions flare, keeping dollar near twomonth high Bitcoin slide to fourmonth lows HONG KONG, June 4 Reuters The dollar clung to its recent strength near a twomonth high on Thursday as fresh Gulf hostilities sapped risk appetite, while the Japanese yen hovered near the key 160 level that kept traders on intervention alert. Iranian attacks on Kuwait damaged its airport and injured dozens on Wednesday, while the U.S. military carried out strikes near the Strait of Hormuz, complicating prospects for a diplomatic end to the war. Although Israel and Lebanon agreed to a ceasefire, a broader peace deal remained elusive, keeping oil prices elevated and supporting demand for the safehaven dollar. The euro was 0.1 stronger at 1.1609 . A Reuters poll showed that the European Central Bank is set to raise its deposit rate to 2.25 on June 11 to curb inflation. The British pound traded flat at 1.3427 . The risksensitive Australian dollar was steady at 0.7129 after data showed Australia39;s balance on goods trade swung back into surplus in April. The New Zealand dollar rose roughly 0.3 to 0.5875, recovering from a oneweek low. The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, was a shade higher at 99.45, hovering near the strongest level since April 7 in the previous session. The USD39;s safehaven status appears to be strengthening again with oil prices and... https://www.gurutrade.com/news/usd-hits-2-mth-high-on-gulf-war-jpy-wobbles-near-intervention-zone-1780562719.html Thu, 04 Jun 2026 09:30:03 +0300 https://www.gurutrade.com/news/sterling-struggles-for-direction-as-iran-talks-at-impasse-1780483781.html Iran war impasse keeps sterling in narrow range Markets see no BoE move until September End of war could ease pressure on public finances LONDON, June 3 Reuters The British pound was little changed against the dollar and euro on Wednesday, with investors remaining focused on the conflict in the Middle East, and the impact a prolonged war would have on monetary policy. Talks to end the war remain at a stalemate, while hostilities flared again on Wednesday as an Iranian missile attack damaged Kuwait39;s airport and the U.S. military carried out strikes near the Strait of Hormuz. That pushed up oil prices on Wednesday, with Brent crude futures trading at their highest level in a week. Britains greater reliance on imported energy leaves it more exposed than the United States to higher global fuel costs. While prices have eased from their late April highs, they remain significantly above their levels before the U.S.Israeli attacks on Iran on February 28 that ignited the war. The pound was last down about 0.1 against the dollar at 1.3447, within the middle of its recent range. Against the euro , sterling was little changed at 86.34 pence. BOE RATE HIKE PUSHED BACK Investors are betting that the Bank of England can wait before hiking rates and have lowered expectations for future hikes from the start of the war. Money market futures are not fully pricing in a quarterpoint rate hike until the September meeting, while just under two hikes are priced by the end of the... https://www.gurutrade.com/news/sterling-struggles-for-direction-as-iran-talks-at-impasse-1780483781.html Wed, 03 Jun 2026 01:50:29 +0300 https://www.gurutrade.com/news/uk-equities-slip-as-middle-east-impasse-drives-oil-higher-1780483264.html June 3 Reuters UK shares declined on Wednesday, as risk sentiment took a hit after hostilities in the Middle East picked up again and sent crude oil prices higher, with little sign of progress on a peace deal keeping investors on edge. The bluechip FTSE 100 index fell 0.2 to 10,350.5 points by 1013 GMT, while the midcap FTSE 250 slipped 0.1. Gulf hostilities flared again, with an Iranian missile attack damaging Kuwait39;s airport and the U.S. military carrying out strikes near the Strait of Hormuz. Oil prices jumped around 3 as the Middle East situation escalated, sending shares of UK energy firms 1.3 higher. Healthcare was among the top drags with drugmaker AstraZeneca down 2.2. Precious metal miners and industrial metal miners fell over 1 each as metal prices pulled back. Investment manager Ninety One fell 6.4 as analysts noted smallerthanexpected net inflows during the second half of 2026. British private equity firm Bridgepoint Group fell 3.4 after Switzerland39;s Partners Group said it is capping withdrawals from an 8.6 billion private equity fund. Shares of BM added 16.1 after the British discount retailer reported a smallerthanexpected drop in annual pretax profit. Debenhams Group jumped 22.3 after the online fashion retailer returned to growth with a 0.5 rise in firstquarter gross merchandise value along with a substantial increase in core profit. On the data front, British services firms buckled in May as the strains... https://www.gurutrade.com/news/uk-equities-slip-as-middle-east-impasse-drives-oil-higher-1780483264.html Wed, 03 Jun 2026 01:30:47 +0300 https://www.gurutrade.com/news/rupee-hit-by-oil-stocks-likely-rbi-action-caps-losses-1780484287.html MUMBAI, June 3 Reuters The Indian rupee weakened on Wednesday, weighed by a jump in oil prices on renewed hostilities in the Middle East and weakness in local stocks while likely market intervention by the central bank capped losses. Towards the end of the trading session, the currency was also supported by a Bloomberg News report that said India plans to cut taxes for foreign bond investors and remove caps on the overseas ownership of some bonds. The rupee closed at 95.7050 per dollar, down 0.46 from its close of 95.2650 in the previous session. Oil prices rose nearly 3 on Wednesday, extending gains from the previous session, after Iran launched ballistic missiles towards regional neighbours Kuwait and Bahrain and U.S. forces conducted strikes on Iran39;s Qeshm Island. Talks between Tehran and Washington showed little progress. India39;s benchmark equity index, Nifty 50 declined 0.4 even as optimism over the AI sector kept MSCI39;s gauge of Asian stocks in the green. Uncertainty over the next chapter in the U.S.Iran war has also injected significant complexity in the Reserve Bank of India39;s monetary policy decision due on Friday. A majority of economists polled by Reuters expect the central bank to keep policy rates unchanged. A section of market participants also expects the RBI to announce measures to support the beleaguered rupee alongside the policy outcome. While most economists expect the RBI to stay on hold at its June 35 meeting, the market will be... https://www.gurutrade.com/news/rupee-hit-by-oil-stocks-likely-rbi-action-caps-losses-1780484287.html Wed, 03 Jun 2026 01:10:36 +0300