https://www.gurutrade.com/news/rss/ The latest news on the global economy and the recent trends in forex, commodities, stocks and cryptocurrency markets. Wed, 17 Jun 2026 07:04:16 +0300 50 en https://www.gurutrade.com/news/thyssenkrupp-to-spin-off-materials-trading-division-1781623900.html FRANKFURT, June 16 Reuters Thyssenkrupp TKAG.DE, opens new tab plans to spin off its materials trading division, the German conglomerate said on Tuesday, in what marks the sale of its biggest division by sales in the group39;s ongoing restructuring. The move, previously reported by Reuters, is the latest step by the company to turn into a holding firm and follows the divestment of the group39;s hydrogen and marine divisions via stock market listings. Thyssenkrupp will let shareholders vote at an extraordinary shareholder meeting on August 7 on whether to spin off 49 of the division  recently renamed tk accelis which analysts at Jefferies have estimated has an enterprise value of 3.6 billion 4.2 billion. The separate listing of the business would then take place before the end of the year, Thyssenkrupp said. Thyssenkrupp CEO Miguel Lopez said tk accelis, which manages materials supply chains and warehousing, had made impressive progress in recent years. 1 0.8616 euros Reporting by Christoph Steitz, Editing by Miranda Murray and Emelia SitholeMatarise Source Reuters https://www.gurutrade.com/news/thyssenkrupp-to-spin-off-materials-trading-division-1781623900.html Tue, 16 Jun 2026 06:30:45 +0300 https://www.gurutrade.com/news/us-agency-removes-chinese-toy-drones-from-import-ban-list-1781623489.html WASHINGTON, June 16 Reuters The U.S. Federal Communications Commission said on Tuesday it will allow new models of Chinese toy drones to be imported into the United States. In December, the FCC said it was barring imports of all new models of foreignmade drones and critical components including from China39;s DJI and Autel, saying they pose unacceptable risks to U.S. national security. The FCC has since allowed for the import of some new models of drones. The FCC said it was acting on a Pentagon determination that national security risks are not posed by unsophisticated, lowrisk toys and lack the organic capabilities and features in range, endurance, sensing, payload, connectivity, and data collection and storage found in traditional drones. Reporting by David Shepardson, Editing by Franklin Paul Source Reuters https://www.gurutrade.com/news/us-agency-removes-chinese-toy-drones-from-import-ban-list-1781623489.html Tue, 16 Jun 2026 06:20:47 +0300 https://www.gurutrade.com/news/olin-to-buy-huntsman-in-2-43b-deal-amid-tough-market-1781620097.html Huntsman shares down 13; Olin39;s down 2.4 Expected cost synergies of more than 400 million Executives see potential expansion in epoxy and new end markets Deal expected to close in the first half of 2027 June 16 Reuters Olin said on Tuesday it will acquire Huntsman in an allstock deal valued at about 2.43 billion, combining two U.S. chemical producers as the industry seeks scale and cost savings amid a challenging environment. Under the terms of the agreement, Huntsman shareholders will receive 0.5476 Olin shares for each share they own, valuing the deal at about 2.43 billion, according to a Reuters calculation based on Huntsman39;s 175.35 million shares outstanding per LSEG data. The implied offer price of 13.85 per share is about 12.8 below Huntsman39;s last closing price. Shares of Huntsman fell 13, while Olin39;s dropped 2.4 in morning trading. Global chemical producers have been reassessing their strategies amid stagnant demand, rising production costs in Europe and shifting regulatory requirements. The closure of the Strait of Hormuz following heightened regional tensions since late February has further disrupted oil and petrochemical flows, tightening global chemical supply and pushing up prices for plastics and polymers. The merger will create a chemicals company with more than 12 billion in annual revenue and generate more than 400 million in cost synergies, the companies said. They also see opportunities, especially in epoxy, to be able to compete in... https://www.gurutrade.com/news/olin-to-buy-huntsman-in-2-43b-deal-amid-tough-market-1781620097.html Tue, 16 Jun 2026 05:10:17 +0300 https://www.gurutrade.com/news/spain-antitrust-watchdog-probes-banks-over-mortgages-1781620446.html MADRID, June 16 Reuters Spain39;s antitrust regulator said on Tuesday it was launching disciplinary proceedings against all six listed lenders in the country, including Santander and BBVA, for possible anticompetitive practices in the mortgage market. The CNMC said it was probing whether certain executives had made public statements about their banks39; future commercial policies, particularly regarding interest rates on fixedrate mortgages. Such statements would have allowed entities in the sector to anticipate the future behaviour of their competitors, the regulator said in a statement. The probe comes at a time of fierce competition among Spanish lenders in the mortgage sector. Some banking executives have warned of irrational practices to win over customers, with some rates falling below market prices. Spanish mortgages are among the lowest in the euro zone, with an average rate of 2.81 as of April, compared with the euro zone average of 3.44, data from the European Central Bank shows. Caixabank, Unicaja, Bankinter and Sabadell are also part of the probe. All of the banks declined to comment. Alejandra Kindelan, head of the Spanish banking association, said on Tuesday that the banks complied with the law. We have the most competitive mortgage market in Europe, she added. The opening of the investigation does not prejudge an outcome, the CNMC said, adding it had a 24month deadline to reach a final decision. Reporting by Jesús Aguado; editing by Milla... https://www.gurutrade.com/news/spain-antitrust-watchdog-probes-banks-over-mortgages-1781620446.html Tue, 16 Jun 2026 05:00:28 +0300 https://www.gurutrade.com/news/italy-business-lobby-urges-fast-renewables-roll-out-1781624560.html MILAN, June 16 Reuters Italy39;s business lobby Confindustria has called for emergency action from the government to speed up the rollout of renewable energy in the country, which is grappling with much higher power costs than in most of Europe. The recent increase in gas prices triggered by the Iran war has highlighted the cost for Italian families and firms of the slow development of renewables, and sparked fresh calls for more decisive action to promote green policies. Confindustria President Emanuele Orsini urged Giorgia Meloni39;s government to appoint a special commissioner to oversee the permitting process for renewable projects, along the lines of emergency action taken to ensure gas supplies in 2022. Some 4,000 permits for renewable projects amounting to 130 gigawatt must be unblocked... we need a commissioner, Orsini said on Monday at an event in the northern city of Varese. The risk of inaction is that manufacturers will leave Italy for countries with lower energy costs, Orsini said, also urging the European Commission to create a single market for power. Gas, which is more expensive than renewables, accounts for almost half of Italy39;s electricity production, the highest proportion in the European Union, according to 2025 data by global energy think tanks Ember and the Energy Institute. That compares with around a fifth in Spain and 3 in France39;s nucleardominated system. When Russia39;s invasion of Ukraine in 2022 gave rise to an acute energy... https://www.gurutrade.com/news/italy-business-lobby-urges-fast-renewables-roll-out-1781624560.html Tue, 16 Jun 2026 04:20:31 +0300 https://www.gurutrade.com/news/german-auto-lobby-backs-eu-us-trade-deal-amid-tariffs-1781625124.html BERLIN, June 16 Reuters The European Parliament39;s approval of Brussels39; trade deal with the United States is important for German auto makers seeking clarity but trade barriers remain too high, with tariffs on trucks particularly steep, an industry body said on Tuesday. Germany39;s VDA automotive association said the approval of a EUUS trade deal must now be formally adopted by the European Council as a matter of urgency. Reliable operating conditions are of paramount importance to our companies, VDA President Hildegard Mueller said in a statement to Reuters, adding that current U.S. tariffs of 15 on passenger cars and their parts still pose a significant challenge for the German automotive industry. She also pushed for a solution for manufacturers of commercial vehicles, for whom the impact is of existential importance with a 25 tariff rate for trucks and an additional 10 for buses. They also undermine investment and jobs in the U.S., weaken supply chains, drive up costs throughout the entire value chain, and will ultimately burden consumers as well, Mueller said. Reporting by Rachel More, Editing by Madeline Chambers Source Reuters https://www.gurutrade.com/news/german-auto-lobby-backs-eu-us-trade-deal-amid-tariffs-1781625124.html Tue, 16 Jun 2026 03:50:47 +0300 https://www.gurutrade.com/news/equinor-scraps-renewable-energy-capacity-target-1781624798.html Drops goal of 1012 gigawatts renewable energy capacity Plans to allocate 10 of capex to power business Power production set to rise fourfold from ongoing developments OSLO, June 16 Reuters Norwegian oil and gas group Equinor has further scaled back its renewable energy ambitions, dropping a 2030 installed capacity target and cutting back on investment, it said in a strategy update on Tuesday. The change reflects a wider industry trend, with peers such as BP and Shell in recent years scrapping ambitions to transition away from oil and gas towards renewable energy production. Equinor, which on Tuesday raised its oil and gas output forecast, dropped the 2030 renewable energy capacity goal, instead providing an outlook for power generation, which also includes nonrenewable electricity production technologies. We are not replacing one business with another. Instead, we are developing multiple pathways in parallel oil and gas, power and renewables, and new lowcarbon solutions, Equinor CEO Anders Opedal said in a statement. Equinor in recent years operated with a target to reach 1012 gigawatts GW of installed renewable energy capacity by the end of this decade, but removed this from a list of goals it will present in a strategy update in New York on Tuesday. The target had already been trimmed from a previous goal, set in 2020, of becoming an offshore wind major by installing 1216 GW over a 10year period. Equinor last year said it no longer aimed to dedicate half its... https://www.gurutrade.com/news/equinor-scraps-renewable-energy-capacity-target-1781624798.html Tue, 16 Jun 2026 03:50:00 +0300 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/uk-to-review-pension-transfer-rules-after-unusual-deal-1781617872.html LONDON, June 16 Reuters Britain will review defined benefit pension transfer rules after a novel deal saw an asset manager take on a scheme39;s assets and liabilities in an unanticipated use of existing legislation, a government minister said on Tuesday. Torsten Bell, a junior minister in the finance and pensions departments, said the deal used a flexible apportionment arrangement a mechanism introduced in 2012 to allow pension liabilities to be reassigned during corporate restructurings without triggering employer insolvency. Bell said the asset manager used the mechanism in December last year in a way that had not originally been anticipated. We therefore intend to review this area of legislation to ensure the regulatory standards and safeguards evolve and keep pace with the innovation we are seeing in the pension market, Bell said in a statement. Reporting by Sam Tabahriti; editing by Sarah Young Source Reuters https://www.gurutrade.com/news/uk-to-review-pension-transfer-rules-after-unusual-deal-1781617872.html Tue, 16 Jun 2026 02:30:50 +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/rwi-cuts-germany-recovery-outlook-on-energy-inflation-1781607815.html BERLIN, June 16 Reuters Germany39;s economy is expected to grow by 0.8 in both 2026 and 2027, as resilient industrial activity offsets only part of the drag from higher energy prices linked to the Iran war, the RWI economic institute said on Tuesday. In March the institute expected growth of 0.9 in 2026 and 1.2 in 2027. The institute said it had lowered its expectations for the recovery, with rising oil, fuel and transport costs increasingly feeding through to broader parts of the economy. It forecast consumer price inflation of 3.1 in 2026 and 2.9 in 2027. The current inflation surge is not limited to fuel and energy, RWI chief economist Torsten Schmidt said. Higher costs are increasingly working their way through value chains and will become visible in more and more goods and services. RWI said private consumption was likely to remain weak as persistent inflation erodes household purchasing power, and it expects the economy to stagnate in the second quarter of 2026. On the other hand, the institute said German industry had so far proved more robust than expected, with output, orders and exports rising in the first quarter. Industry should continue to benefit from stronger exports and higher public investment, though elevated energy costs would weigh over time, RWI said. Reporting by Maria Martinez, Editing by Miranda Murray and Linda Pasquini Source Reuters https://www.gurutrade.com/news/rwi-cuts-germany-recovery-outlook-on-energy-inflation-1781607815.html Tue, 16 Jun 2026 01:40:01 +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/german-investor-morale-rebounds-on-iran-peace-hopes-1781606570.html BERLIN, June 16Reuters German investor morale rose unexpectedly in June as financial market experts bet the Iran conflict was nearing an end and inflation pressures would ease. The indicator of economic sentiment rose to 10.5 points in June, the ZEW economic research institute said on Tuesday. Analysts polled by Reuters had anticipated the reading to come in at minus 6 points from minus 10.2 points a month earlier. Experts are betting that the Iran conflict is nearing an end, said ZEW President Achim Wambach. The massive pressure on energy prices and inflation is likely to ease. The survey was conducted between June 8 and June 15. U.S. President Donald Trump said on Monday a preliminary agreement to end the conflict had been signed by the U.S. and Iran. By contrast, the assessment of the current economic situation declined slightly, falling to minus 81.0 points, from minus 77.8 in the previous month. Reporting by Friederike Heine, editing by Linda Pasquini and Madeline Chambers Source Reuters https://www.gurutrade.com/news/german-investor-morale-rebounds-on-iran-peace-hopes-1781606570.html Tue, 16 Jun 2026 01:00:38 +0300 https://www.gurutrade.com/news/stocks-rise-on-spacex-tech-boom-yen-flat-after-boj-hike-1781603163.html The BOJ voted 71 to raise its benchmark policy rate to 1 Oil fell 2.2 to a threemonth low above 81 a barrel Nvidia sold 25 billion of bonds LONDON, June 16 Reuters Global stocks edged higher on Tuesday after a rally the day before on news of a U.S.Iran peace deal, while the dollar held firm against the yen after the Bank of Japan raised rates to a 31year high. Markets settled into a more measured tone on Gulf developments as the initial excitement over the preliminary agreement between Washington and Tehran began to fade. Technology stocks got a lift as investors took heart from SpaceX39;s blockbuster IPO late last week that pushed its shares up nearly 20 on Monday, taking the space exploration company39;s market value past the 2 trillion mark. They were up another 10.7 in premarket trading on Tuesday. Nasdaq futures rose 0.1, while SP 500 emini futures were flat. The Nikkei 225 hit the 70,000 mark for the first time after the Japanese central bank voted 71 to raise its benchmark policy rate to 1, levels last seen in 1995. Against the dollar, the yen was flat at 160.31. In Europe, the STOXX 600 rose 0.6 to hover near Monday39;s record high, led by gains in Schneider Electric, which caters to data centres, and ASM, which rose 2.7 and 0.6, respectively. Nvidia, the world39;s most valuable maker of AI chips, surprised investors by tapping the bond markets for 25 billion. The company said the cash would be used for general corporate purposes and the debt sale was to... https://www.gurutrade.com/news/stocks-rise-on-spacex-tech-boom-yen-flat-after-boj-hike-1781603163.html Tue, 16 Jun 2026 12:40:24 +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/china-indonesia-shocks-upend-global-coal-market-1781606231.html LNG crunch pushes Newcastle coal index to near 2year high Indonesia output down, policy chaos seen driving exports lower El Nino could fuel Asian demand surge Russia supply woes add to tightening global coal market SINGAPOREBEIJING, June 16 Reuters A deadly mining accident in China39;s biggest coalproducing region and mounting policy chaos around Indonesian exports are choking global supplies, which analysts and industry officials say could boost prices as liquefied natural gas LNG supplies remain tight due to the U.S.Israeli war on Iran. The war in Iran halted shipping in the Strait of Hormuz through which, during normal times, a fifth of global oil and LNG supplies passes triggering purchases of highgrade coal by Japan and South Korea and pushing the Newcastle benchmark to near twoyear highs of over 150 a metric ton. However, purchases of lowergrade coal typically from top exporter Indonesia have been soft due to tepid demand from China and India, which have leaned upon sufficient inventories and renewable output to meet power demand. That is changing after a fatal explosion at a Shanxi mine last month, analysts say, with the accident triggering sweeping safety inspections in the province and tightening domestic supplies. China39;s June thermal coal imports are expected to rise 27.6 from a year earlier to 27.8 million metric tons to meet higher seasonal demand as local supply tightens, DBX Commodities CEO Alexandre Claude said a substantial increase... https://www.gurutrade.com/news/china-indonesia-shocks-upend-global-coal-market-1781606231.html Tue, 16 Jun 2026 12:00:20 +0300 https://www.gurutrade.com/news/oil-drops-to-new-3-month-low-on-us-iran-peace-deal-1781602340.html Prices at threemonth lows, but above prewar levels Some analysts expect Hormuz flows to resume in several weeks Lack of details in preliminary deal seen supporting prices June 16 Reuters Oil prices slid to fresh threemonth lows on Tuesday as markets weighed prospects for a resumption of supplies through the Strait of Hormuz alongside weaker physical demand and scant details on a preliminary deal to end the Iran war. Brent crude futures were down 1.44, or 1.7, at 81.73 a barrel, the lowest since March 10, at 0906 GMT. U.S. West Texas Intermediate was down 1.55, or 1.9, at 79.20 a barrel, also the lowest since March 10. Oil prices had already dropped nearly 5 on Monday to their lowest close since March 4 after U.S. President Donald Trump said a memorandum of understanding had been signed to end the U.S.Israeli war with Iran, though full details have not been released. Iranian Foreign Minister Abbas Araqchi said on Tuesday Iran and the U.S. would start a new round of talks in Switzerland on Friday to reach a final agreement after the start of an interim deal. He warned that any Israeli attack on Lebanon or continued presence on Lebanese territory would breach the interim agreement. INVESTORS EYE STRAIT REOPENING The conflict led to the closure of the Strait of Hormuz, which typically carries about onefifth of global oil supplies. Some analysts expect flows through the strait to resume soon, adding to downward pressure from already soft physical markets. Goldman... https://www.gurutrade.com/news/oil-drops-to-new-3-month-low-on-us-iran-peace-deal-1781602340.html Tue, 16 Jun 2026 11:40:51 +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/germany-formally-rejects-unicredit-s-commerzbank-offer-1781598324.html FRANKFURTMILAN, June 16 Reuters Germany has officially rejected UniCredit39;s offer to buy Commerzbank, the country39;s finance agency said on Tuesday, citing a low price and concerns about what it called the Italian bank39;s aggressive approach. UniCredit39;s initial offer period for Commerzbank shares is winding down, with both banks digging in their heels in the monthslong battle for control of one of Germany39;s most important lenders. The German government holds a 12 stake in Commerzbank acquired in the wake of the 2008 global financial crisis and has long objected to UniCredit39;s campaign for a tieup. Accepting the offer was already not an option from a financial point of view, as it does not include an appropriate premium on the current share price of Commerzbanks shares, the agency said. It also said that it supported Commerzbank39;s independence, and noted that the bank played a critical role in financing mediumsized companies and was an integral player in Frankfurt, the nation39;s financial hub. Both must continue to be ensured in the future, it said. Separately, Frankfurt prosecutors on Tuesday confirmed that they had begun a preliminary investigation into possible market manipulation related to the offer. It follows a criminal complaint filed by Commerzbank39;s workers council that reached prosecutors on Sunday. UniCredit said in a statement that it was aware of the matter and that the prosecutors39; response was in line with protocol when such... https://www.gurutrade.com/news/germany-formally-rejects-unicredit-s-commerzbank-offer-1781598324.html Tue, 16 Jun 2026 11:20:21 +0300 https://www.gurutrade.com/news/bank-of-japan-raises-interest-rates-to-31-year-high-1781599843.html BOJ raises policy rate to 1 from 0.75 in widely expected move Governor Ueda skips meeting, vote, for medical treatment Dovish newcomer Asada dissents to ratehike decision BOJ decides to pause bond buying taper from April 2027 onward TOKYO, June 16 Reuters The Bank of Japan raised interest rates to a 31year high on Tuesday, marking another landmark step in normalising monetary policy as it focused on taming price pressures from the energy shock caused by the Iran war. The hike was the first since December and aligns the BOJ with other central banks shifting towards tighter policy to combat inflation, including the European Central Bank. Deputy Governor Shinichi Uchida acknowledged the recent U.S.Iranian peace deal, which he described as a welcome move, but noted persistent inflationary risks. Compared with the previous meeting, the risk of a sharp deterioration in the economy has diminished. On the other hand, price rises are broadening and there is a risk underlying inflation may deviate from our target, Uchida said in a news conference he held on behalf of Governor Kazuo Ueda, who missed the meeting for medical treatment. In a widely expected move, the BOJ decided to raise its shortterm policy rate to 1 from 0.75, taking borrowing costs to levels unseen since 1995. In a statement announcing the decision, the BOJ said the risk of Japan39;s economy deteriorating sharply from the Middle East conflict has diminished due to progress made in procuring alternative... https://www.gurutrade.com/news/bank-of-japan-raises-interest-rates-to-31-year-high-1781599843.html Tue, 16 Jun 2026 10:40:43 +0300 https://www.gurutrade.com/news/rba-warns-rate-hikes-might-not-be-over-after-holding-fire-1781598992.html SYDNEY, June 16 Reuters Australia39;s central bank held its cash rate steady at 4.35 on Tuesday, saying the economy was slowing in the face of tighter financial conditions but warned it might yet hike again if needed to control inflation. Wrapping up its June policy meeting after pausing for the first time this year, the Reserve Bank of Australia RBA said inflation was still too high and it would do whatever necessary to bring it down including increasing the cash rate target further if required. Markets had wagered on a steady outcome following a run of softer domestic data on inflation, consumer demand and employment, while a peace deal in the Middle East to reopen the Strait of Hormuz had pulled down oil prices and lessened inflation risks. Resolution of the conflict in the Middle East is at an early stage, and there are plausible scenarios where inflation is higher and activity lower than envisaged under the May baseline forecasts, said the board in a statement. Global oil supply issues will take some time to resolve, maintaining upward pressure on global energy prices and inflation. The unanimous decision was largely as expected. The Australian dollar held onto earlier losses and was down 0.3 at 0.7050, while threeyear government bond yields edged up 2 basis points to 4.457. Swaps imply around a 30 chance of a move in August, and just a total tightening of 16 basis points for the year, equivalent to less than one rate hike. Todays decision reflects a... https://www.gurutrade.com/news/rba-warns-rate-hikes-might-not-be-over-after-holding-fire-1781598992.html Tue, 16 Jun 2026 09:30:59 +0300 https://www.gurutrade.com/news/nvidia-to-raise-25b-in-first-corporate-bond-sale-in-5-years-1781619265.html Reuters Nvidia said on Monday it would raise 25 billion through a U.S. bond issuance, as it taps the debt market to increase liquidity for the first time since 2021. The debt financing was more than initially planned, Reuters had reported earlier on Monday, citing two sources. Investor demand for the bond sale hit 85 billion, one of the sources familiar with the matter said, declining to be named as the plan was still private. It was initially looking to raise 20 billion, the source had said earlier. The bond consists of seven tranches of notes, maturing as late as 2056, according to a term sheet seen by Reuters. Demand was mainly domestic, the first source said, adding that bond issuance came as a surprise to investors as the company said little ahead of time. The AI chip leader has not accessed the investmentgrade bond market in five years, previously raising 5 billion in June 2021, the source said. A company spokesperson said Nvidia aims to use the proceeds for general corporate purposes, including the repayment and refinancing of outstanding notes. The main reason, according to one of the sources, was to establish a liquid benchmark to its cost of credit more so than funding capital expenditures. The chipmaker capped the bond issue at 25 billion to keep low credit spreads and in contrast with the hyperscalers funding their investments in AI, one of the sources said. Big Tech companies have signaled that spending on AI would not slow down, with combined... https://www.gurutrade.com/news/nvidia-to-raise-25b-in-first-corporate-bond-sale-in-5-years-1781619265.html Tue, 16 Jun 2026 08:50:15 +0300 https://www.gurutrade.com/news/us-iran-deal-may-not-bring-quick-relief-for-auto-shops-1781618877.html Tokyo shops report shortages of motor oil, paint thinner and diesel exhaust fluid Repairers may delay repainting vehicles, especially popular pearl white models Smaller garages are losing out as bigger buyers stockpile and automakers get priority US group says prices not to ease until mid2027 TOKYODETROIT, June 16 Reuters Tokyo auto shops and Detroit car dealerships have been running short of motor oil, paint and other products for months since the Middle East conflict snarled global supply chains. Now, while a potential deal between the U.S. and Iran may bring an end to the fighting, industry experts and executives say it is unlikely to deliver immediate relief to the smaller shops that have been squeezed by Tehran39;s shutdown of the Strait of Hormuz. Closure of the strait has blocked almost a fifth of global oil flows and led to bottlenecks for some petroleumderived products. U.S. President Donald Trump said on Monday a preliminary agreement to end the war has been signed both countries although details remain unclear and it may take some time for shipments through the strait to return to normal. Hiroyuki Nakamura has already spent the last few months trying to ride out a shortage of motor oil, the first he39;s ever seen in 35 years repairing cars. Oil supplies were almost completely wiped out after the war started in March. Since April, nothing has been coming in, said Nakamura, a director at Shin Etsu Denso, a Tokyobased autorepair company. Business has... https://www.gurutrade.com/news/us-iran-deal-may-not-bring-quick-relief-for-auto-shops-1781618877.html Tue, 16 Jun 2026 08:30:11 +0300 https://www.gurutrade.com/news/wall-st-rallies-dow-hits-record-on-us-iran-deal-oil-slides-1781596731.html Indexes up Dow 0.92, SP 500 1.65, Nasdaq 3.07 Nasdaq marks biggest gain since late March Chip sector outperforms with 5.5 rally Fox stumbles after 22 billion deal for Roku CBOE Volatility Index falls to over oneweek low Reuters Wall Street rallied on Monday, with the Nasdaq climbing 3 and the Dow marking a recordhigh close after the United States and Iran struck a preliminary agreement to end the Middle East war and reopen the Strait of Hormuz, leading to an easing of inflation fears as crude oil prices dropped. The deal framework expected to be formally signed in Switzerland on Friday did not address key issues such as Tehran39;s nuclear program and the IsraelLebanon conflict. Still U.S. crude futures settled down 4.9 following the news and hit their lowest level since March, aiding shares of energysensitive airline and cruise stocks and hurting energy shares. Ratesensitive technology stocks rallied as investors were more comfortable taking on riskier bets with lower oil prices easing inflation fears. Markets are higher on a classic relief rally. We have a USIran deal that39;s driving oil sharply lower. This is easing inflation fears and basically pushing investors back into risk assets like technology, said Gene Goldman, chief investment officer at Cetera Investment Management, in El Segundo, California. The three main indexes marked their third consecutive session of gains, recovering after Middle East tensions and a pullback in AIrelated stocks had put... https://www.gurutrade.com/news/wall-st-rallies-dow-hits-record-on-us-iran-deal-oil-slides-1781596731.html Tue, 16 Jun 2026 08:10:11 +0300 https://www.gurutrade.com/news/china-may-new-home-prices-fall-faster-on-soft-demand-1781615605.html New home prices dip 0.2 in May from April May new home prices fall 3.5 yy, matching April39;s decline Property sales, investment fall more sharply in JanuaryMay BEIJING, June 16 Reuters China39;s new home prices fell at a slightly faster pace in May, official data showed on Tuesday, as the crisishit property sector continued to grapple with fragile demand, even as larger cities showed tentative signs of stabilisation. New home prices dipped 0.2 in May from the previous month, steepening from a 0.1 decline in April, according to Reuters calculations based on National Bureau of Statistics data. On an annual basis, prices in May fell 3.5, matching the decline in April. The price falls dampened hopes that the real estate sector, which accounted for around a quarter of the economy at its peak, is close to bottoming out after a nearly fiveyear slump. The slump has not only crippled some of China39;s biggest property firms, but also turned a once key economic growth driver into a drag and weighed on overall household appetite for consumption. But Zhang Dawei, analyst at Centaline Property, said that the period of steep home price declines across China had passed and the market was not at risk of a rapid downturn. Zhang said the property market would continue to be characterised by resilience in tierone cities, divergence in tiertwo cities and pressure in tierthree cities. Property sales, investment, new construction and funds raised by developers all fell more sharply... https://www.gurutrade.com/news/china-may-new-home-prices-fall-faster-on-soft-demand-1781615605.html Tue, 16 Jun 2026 07:50:47 +0300 https://www.gurutrade.com/news/china-economic-imbalance-deepens-as-retail-sales-fall-1781612992.html May data shows China39;s industry stronger but consumption weaker Property investment extends decline, new home prices fall Weather disruptions, economic transition affect investmentNBS Possible policy intervention may come in H2 2026, analysts say BEIJING, June 16 Reuters China39;s economy showed increasing unevenness in May, with retail sales falling for the first time in over three years and investment slumping, while industrial output picked up pace. Tuesday39;s official data highlighted a twospeed growth pattern in the world39;s secondlargest economy, with factories buoyed by surprisingly resilient exports but domestic demand weakening amid a multiyear property market downturn. Retail sales, a key gauge of consumption, slid 0.6 in May, data from the National Bureau of Statistics NBS showed, reversing April39;s 0.2 rise and below the estimated 0.0 in a Reuters poll. It was the first monthly fall since December 2022. The fragility was evident in the auto sector. A downturn in domestic car sales extended into an eighth consecutive month in May, underscoring softening demand in the world39;s largest auto market, where pressure is likely to persist through the rest of the year. Travellers39; spending during the fiveday Labour Day holiday in May was lukewarm, and the impact of the government39;s consumergoods tradein scheme is fading. A high base from May last year also contributed to the decline. At a bar in Shanghai39;s financial district, manager Jie39;ao Feng... https://www.gurutrade.com/news/china-economic-imbalance-deepens-as-retail-sales-fall-1781612992.html Tue, 16 Jun 2026 07:40:18 +0300 https://www.gurutrade.com/news/peru-s-economy-beats-expectations-up-3-7-in-april-1781597891.html LIMA, Reuters Peru39;s economy expanded 3.73 in April from a year earlier, data from the government39;s INEI statistics agency showed on Monday, exceeding expectations as nearly all sectors posted growth. April39;s reading came above the 3.55 increase forecast by analysts polled by Reuters and compared with a 3.21 expansion in March. The result was driven by strength in construction and trade, which rose 12.88 and 7.31 respectively, in line with recent months as domestic demand underpinned growth. Fishing also posted gains during the month despite recent warnings from the central bank that weather risks linked to the El Niño phenomenon could weigh on the sector while electricity generation increased. By contrast, the key mining and hydrocarbons sector shrank 3.24 from a year earlier, while the agriculture sector contracted 1.64, according to INEI data. The country is also grappling with political uncertainty following a razortight presidential runoff. The initial vote count has finished, but electoral authorities are now reviewing hundreds of thousands of contested ballots, with no winner yet declared and the final result expected to take weeks. Despite years of political upheaval, the major copperproducing nation has long been one of the region39;s most stable economies. Reporting by Marco Aquino and Aida PelaezFernandez; Editing by Kylie Madry Source Reuters https://www.gurutrade.com/news/peru-s-economy-beats-expectations-up-3-7-in-april-1781597891.html Tue, 16 Jun 2026 07:30:14 +0300 https://www.gurutrade.com/news/india-may-silver-imports-hit-3-year-low-on-curbs-1781552815.html MUMBAI, June 15 Reuters India39;s silver imports plunged 87 in May from a year earlier to their lowest level in more than three years, government data showed on Monday, after the world39;s largest consumer of the metal tightened curbs on imports in nearly all forms. Lower imports by India, which meets more than 80 of its silver demand through overseas purchases, could weigh on global prices , while helping narrow the country39;s trade deficit and ease pressure on the rupee. Silver imports fell to 75.57 million in May from 566.22 million a year earlier, according to data compiled by the Ministry of Commerce and Industry. In volume terms, imports dropped 94 yearonyear to 33 metric tons, the lowest since February 2023. India in midMay restricted imports of silver in nearly all forms with immediate effect. Earlier this month, it further tightened the rules by adding silver grain and powder to the restricted category and requiring prior import authorisation. The government has also raised import duties on gold and silver to 15 from 6 as part of efforts to curb precious metals imports and reduce pressure on foreign exchange reserves amid elevated oil prices. There is demand, but imports have become difficult due to the restrictions, and local premiums have started to rise, said a Mumbaibased dealer with a private bullionimporting bank. India spent a record 12 billion on silver imports in the 202526 financial year ended March, compared with 4.8 billion a year earlier.... https://www.gurutrade.com/news/india-may-silver-imports-hit-3-year-low-on-curbs-1781552815.html Mon, 15 Jun 2026 07:20:14 +0300 https://www.gurutrade.com/news/amex-to-buy-tripadvisor-s-restaurant-unit-for-700m-1781556030.html Deal expands American Express39; dining network to 75,000 bookable venues Transaction expected to close before the end of 2026 June 15 Reuters American Express will buy restaurant booking platform TheFork from Tripadvisor in an allcash deal worth 700 million, the companies said on Monday, sending shares of the online travel platform up 7 in morning trading. Activist investor Starboard Value had in October last year pressed for TheFork39;s sale, as Tripadvisor struggled to recover from pandemicera disruptions and contend with heavy competition from rivals including Booking Holdings and Airbnb. The deal will allow Tripadvisor to focus more on its experiencesled strategy as part of a major overhaul, the company said. For American Express, buying TheFork will expand its dining network to 75,000 bookable venues and bolster its international business, which has been its fastestgrowing segment for many years. It also builds on its acquisitions of dining platforms Resy and Tock. Dining is one of the most important ways people engage with our brand, said Rafa Marquez, president of international card services at American Express. TheFork generated 232 million in revenue for the year ended March 31, a 25 jump from a year earlier, showed Tripadvisor39;s earnings report. The platform connects millions of diners with more than 50,000 restaurants across 11 European countries, according to the companies. We see the deal as a plus for Tripadvisor, but talk of using proceeds to... https://www.gurutrade.com/news/amex-to-buy-tripadvisor-s-restaurant-unit-for-700m-1781556030.html Mon, 15 Jun 2026 07:10:20 +0300 https://www.gurutrade.com/news/salesforce-deepens-ai-automation-push-with-3-6b-fin-buyout-1781554206.html June 15 Reuters Salesforce on Monday said it will buy autonomous AI agent platform Fin for about 3.6 billion, bolstering its Agentforce offering as the business software provider deepens its focus on automation. The acquisition marks Salesforce39;s latest bet to accelerate its AI transition amid a wider industry shift toward autonomous agents. Salesforce has been reinventing itself as an AIagent company through Agentforce, which more than tripled annual recurring revenue to 1.2 billion in the first quarter. The company39;s 8 billion acquisition of AIpowered data management platform Informatica in May 2025 marked its return to large deals to strengthen data and automation capabilities. Fin39;s offering includes an AI agent that handles customer support queries across channels, including live chat, email, WhatsApp, SMS, phone and Slack. It counts firms such as Anthropic, Kalshi and Doordash among its customers. By joining forces with Salesforce, we can deploy it Fin far and wide at a rate far faster than we could have ever achieved on our own, Fin CEO Eoghan McCabe said. After the deal, which is expected to close in the fourth quarter of its current fiscal year, Salesforce said customers will have more ways to deploy AI agents in customer service operations, including options suited to small and midsize businesses. Shares of Salesforce edged higher in volatile trading but are down over 30 so far this year, as investor concerns over AI disrupting traditional... https://www.gurutrade.com/news/salesforce-deepens-ai-automation-push-with-3-6b-fin-buyout-1781554206.html Mon, 15 Jun 2026 06:50:29 +0300 https://www.gurutrade.com/news/rbi-tightens-rules-to-curb-mis-selling-bans-dark-patterns-1781552253.html MUMBAI, June 15 Reuters The Reserve Bank of India on Monday issued rules to curb misselling of financial products by lenders, banning deceptive marketing tactics and tightening norms around customer consent, disclosures and sales practices. The central bank has banned the use of dark patterns in digital interfaces, defining them as design or userexperience techniques that mislead or trick customers into taking actions they did not intend. Lenders and their agents will now be barred from employing such practices across websites, mobile apps and other sales channels, the RBI said. The directive follows announcements made by the RBI39;s governor in the central bank39;s monetary policy review in February. Lenders must subject their interfaces to periodic audits to identify and remove unfair features, the RBI said. The rules form part of amendments to the RBI39;s responsible business conduct directions and will come into force from January 1, 2027. The regulator also laid out a broad definition of misselling, which includes practices such as offering products that are unsuitable for the customer, providing misleading or inaccurate information, selling products without obtaining explicit consent from the customer, and mandatorily bundling products together. In cases where misselling of a financial productservice is established, the bank shall refund the entire amount ... and also intimate the customer about cancellation of the sale, the RBI said. Banks must obtain... https://www.gurutrade.com/news/rbi-tightens-rules-to-curb-mis-selling-bans-dark-patterns-1781552253.html Mon, 15 Jun 2026 06:30:38 +0300 https://www.gurutrade.com/news/imf-chief-sees-no-global-slowdown-yet-but-risks-are-high-1781541994.html WASHINGTON, June 15 Reuters The world economy is so far weathering the shock of the war in the Middle East despite a surge in commodity prices, higher inflation and strains in financial conditions, with no signs yet of a global slowdown, IMF chief Kristalina Georgieva said Monday. Georgieva, managing director of the global lender, welcomed Sunday39;s agreement by the U.S. and Iran to end their war and reopen the Strait of Hormuz, but warned in a new blog that an intensification of the conflict of supply disruptions posed a clear risk to global growth. The IMF will release an updated forecast on July 8. In April, it issued three scenarios for global GDP growth in 2026 and 2027, with its middle adverse scenario calling for growth slowing down to 2.5 in 2026 and headline inflation of 5.4. Georgieva last month said that adverse scenario was already in play, but her latest comments suggest the fund may revert to its reference scenario, which assumed a shortlived Iran war and saw growth of 3.1 in 2026. The framework deal marks the biggest breakthrough towards resolving a war that began with joint U.S.Israeli strikes on Iran in February before escalating into a wider regional conflict that has killed thousands, upended energy markets and stoked recession fears for the global economy. More than three months into the war in the Middle East, the global economy appears to be holding up. Commodity prices, inflation and expectations for it, and financial conditions have all been... https://www.gurutrade.com/news/imf-chief-sees-no-global-slowdown-yet-but-risks-are-high-1781541994.html Mon, 15 Jun 2026 06:10:33 +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/us-homebuilder-sentiment-falls-in-june-amid-rising-costs-1781554591.html WASHINGTON, June 15 Reuters U.S. homebuilder sentiment fell in June, weighed down by higher mortgage rates and costs for construction materials, a survey showed on Monday. The National Association of Home BuildersWells Fargo Housing Market index dropped two points to 35 this month. It was the 14th straight month that the index remained below 40, the longest such stretch since the 20112012 foreclosure crisis. Economists polled by Reuters had forecast the index staying steady at 37. The NAHB said rising material costs, elevated mortgage rates and ongoing affordability challenges continued to strain the housing market. Mortgage rates have risen as the U.S.Israel war on Iran drove up oil prices, boosting inflation and Treasury yields. With the nation short about 1.2 million homes, builder sentiment will remain soft until barriers are eased and conditions improve for home building, said NAHB chairman Bill Owens. Congress can help by passing the major housing package now before the Senate. The rate on the popular 30year fixedmortgage has risen more than 50 basis points since the conflict started at the end of February, data from mortgage finance agency Freddie Mac showed. Washington and Tehran on Sunday said they had agreed terms to end the war and reopen the Strait of Hormuz. Prior to the war, the housing market was under pressure from import tariffs, which raised prices of building materials as well as appliances. Residential investment, which includes homebuilding,... https://www.gurutrade.com/news/us-homebuilder-sentiment-falls-in-june-amid-rising-costs-1781554591.html Mon, 15 Jun 2026 05:10:59 +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/india-may-trade-gap-narrows-us-trade-talks-in-focus-1781543414.html May trade deficit narrows to 28.21 bln vs 28.38 bln in April Exports rise to 45.2 billion, imports to 73.41 billion USTR Jamieson Greer to visit India on June 2324 U.S.Iran framework seen easing oil, shipping cost pressures NEW DELHI, June 15 Reuters India39;s merchandise trade deficit narrowed marginally in May as higher exports offset part of the import bill, while firms navigated volatile energy prices, Middle East disruptions and ongoing trade negotiations with the United States. The merchandise trade deficit narrowed to 28.21 billion in May from 28.38 billion in April, below economists39; forecast of 28.72 billion, a Reuters poll showed. Merchandise exports rose to 45.2 billion in May from 43.56 billion in the previous month, government data showed on Monday, while imports rose to 73.41 billion against a sixmonth high of 71.94 billion in April. The data underscores pressure on India to sustain exports and contain import costs as it seeks greater U.S. market access, with AprilMay goods exports nearly flat at 17.29 billion versus 17.21 billion a year earlier. Trade Secretary Rajesh Agrawal said U.S. Trade Representative Jamieson Greer is due to visit India from June 23 to 24 for further talks on an interim trade agreement. Discussions with USTR will be centred around giving final touches to our interim deal, Agrawal told reporters, adding that New Delhi would seek clear answers on the USTR39;s proposed new tariffs under a Section 301 probe while finalising... https://www.gurutrade.com/news/india-may-trade-gap-narrows-us-trade-talks-in-focus-1781543414.html Mon, 15 Jun 2026 03:30:26 +0300 https://www.gurutrade.com/news/snb-to-keep-rates-at-0-this-year-and-next-experts-say-1781540480.html BENGALURU, June 15 Reuters The Swiss National Bank will keep its key policy rate at 0 on June 18 and for the rest of the year, according to all the economists who responded to a Reuters poll, as a stronger franc partly offset the impact of the energy price shock related to the U.S. war on Iran. Swiss inflation was 0.6 in May, comfortably within the SNBs 0 to 2 target band, even as other economies, including the U.S. and euro zone, felt the inflationary impact of surging fuel prices. SNB Chairman Martin Schlegel recently said mediumterm inflation pressures had hardly changed, suggesting the central bank was unlikely to follow the European Central Bank, which raised rates last week. All 35 economists in the June 1115 Reuters poll predicted the SNB would keep its policy rate at 0 this week, already the lowest globally. All 28 who responded with forecasts until the end of 2026 saw rates staying there this year. Only four economists expected one or two quarterpoint rate rises in 2027. Energy components have supported headline inflation, albeit passthrough from energy prices into CPI has moderated ... On the flipside, the Swiss franc still represents a disinflationary force, said Chiara Angeloni, Europe economist at Bank of America. With those opposing forces from FX and energy prices at play and Switzerland39;s low inflation starting point, we think inflation pressures weigh less on the SNB than on most central banks ... Our base case remains the zerointerestrate policy... https://www.gurutrade.com/news/snb-to-keep-rates-at-0-this-year-and-next-experts-say-1781540480.html Mon, 15 Jun 2026 03:10:47 +0300 https://www.gurutrade.com/news/america-s-rv-industry-feels-chill-of-war-and-high-gas-prices-1781555248.html RV shipments and sales slump as high fuel prices hit consumer demand Industry faces inventory overhang, cautious outlook, and reduced production schedules Affluent retirees remain buyers, but costconscious consumers delay purchases June 15 Reuters Coley Brady in late March cut production from five days a week to four on most of the assembly lines at his sprawling complex of five recreational vehicle factories in Elkhart, Indiana, after it became apparent spring sales were fizzling. The U.S.Israeli war on Iran was barely a month old at the time, but the disruptions it caused to global energy markets had already sent American gasoline and diesel fuel prices up by 33 and 43, respectively. Clearly the war and higher gas prices are the easiest things to point to, said Brady, cofounder of Alliance RV, which makes highend fifthwheel trailers and motorhomes. The RV industry which produces more than 80 of the rigs sold in the U.S. in northern Indiana can often signal the direction of the nation39;s economy. Inflationadjusted consumer outlays on recreational goods and vehicles fell in April for a fifth straight month, according to Commerce Department data, the longest slump in real spending on the category since the height of the Great Recession in 2008. RVs are expensive discretionary purchases easily put off when uncertainty grows over the economic outlook. U.S. consumer sentiment fell to a record low in May before picking up slightly in early June, according to the... https://www.gurutrade.com/news/america-s-rv-industry-feels-chill-of-war-and-high-gas-prices-1781555248.html Mon, 15 Jun 2026 02:10:12 +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/oil-hits-3-month-low-as-us-iran-reach-peace-deal-1781519267.html US, Iran to sign MOU on peace deal on Friday, Pakistan PM says Deal includes reopening of Strait of Hormuz Further talks on final agreement expected in next 60 days LONDON, June 15 Reuters Oil prices slipped to a 3month low on Monday after U.S. President Donald Trump and Iran39;s deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz. Brent crude futures fell 4.39, or 5, to 82.94 a barrel by 0943 GMT and U.S. West Texas Intermediate was at 80.26, down 4.62, or 5.4. Both contracts fell to their lowest levels since March 10 on Monday after tumbling more than 3 on Friday. The U.S. and Iran will sign a memorandum of understanding in Switzerland on Friday, said the prime minister of Pakistan, whose country has served as a mediator. Trump said on Sunday that the Strait of Hormuz would be open toll free and that a U.S. naval blockade of Iranian ports would also end. Iran39;s semiofficial Mehr news agency said the draft deal called for reopening the Strait of Hormuz within 30 days under Iranian arrangements. It will take time for oil to approach the precrisis level of 20 million barrels per day sailing through this chokepoint. Estimates of the full resumption of traffic vary from weeks to months, said Tamas Varga, analyst at PVM Oil Associates. Financial investors are, therefore, merely borrowing future physical supply, hence the current cheapening of oil prices. The slow resumption will possibly... https://www.gurutrade.com/news/oil-hits-3-month-low-as-us-iran-reach-peace-deal-1781519267.html Mon, 15 Jun 2026 01:10:01 +0300 https://www.gurutrade.com/news/renault-thales-unveil-military-vehicle-partnership-1781520416.html PARIS, June 15 Reuters Renault Group said on Monday it has teamed up with defence technology company Thales to develop a military vehicle, deepening the French carmaker39;s push into defence as Europe raises security spending. The companies plan to show a prototype, called 4 TROOP, at the Eurosatory defence fair near Paris, with Renault saying it could answer a production order from early 2027. Renault shares were up 4.5 by 0848 GMT, among the best performers on France39;s benchmark CAC 40 index. Renault is up like other Autos names not because of this partnership but thanks to the prospect of a deal between USIran, ODDO BHF analyst Michael Foundoukidis told Reuters. INDUSTRIAL EXPERTISE The project draws on Renault39;s industrial expertise and Thales39;s secure communications technologies to produce a multimission vehicle quickly and at optimal cost, the automaker said. Renault would be ready to respond to a production request from early 2027, Maxime Gazier, programme director, and Ombeline Suzanne, special projects and partnerships manager at Renault, told Reuters at Eurosatory. They said production volumes would depend on demand, while only limited work would be needed to adapt existing Renault production lines, depending on the final specifications chosen, including whether the vehicle is electric. Russia39;s invasion of Ukraine and a shift in U.S. foreign policy under President Donald Trump have driven a stepup in defence investment by European countries.... https://www.gurutrade.com/news/renault-thales-unveil-military-vehicle-partnership-1781520416.html Mon, 15 Jun 2026 12:40:46 +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/india-may-wpi-hits-9-68-on-mideast-war-fuel-surge-1781514428.html Wholesale fuel and power prices up 30.33 in May vs 24.89 in Apr Wholesale food inflation rises 3.60, manufactured goods up 7.48 Mineral oils, crude and gas, chemicals, metals led WPI in AprMay June 15 Reuters India39;s wholesale price inflation rose to 9.68 yearonyear in May, government data released on Monday showed, as the energy shock stemming from the conflict in the Middle East persisted. Wholesale inflation, which has a higher weightage of fuel products, is running sharply higher than India39;s retail inflation, which was at 3.93 in May. However, the sharp surge in wholesale prices is not seen impacting interest rates in the economy immediately, according to economists. The Indian central bank, which targets 4 retail inflation within a tolerance band of 2 to 6, kept rates unchanged at its meeting in June, signalling it will watch for any secondround impact of higher fuel prices before tightening monetary policy. Economists polled by Reuters had projected wholesale inflation rising to 9.05. The print stood at 8.26 in April. The data, the first print from the revised series with a base year of 202223, showed inflation rose at the fastest pace in six months under comparable numbers calculated by the government under the new series. Wholesale fuel and power prices jumped 30.33 yearonyear in May, against a rise of 24.89 in April, data showed. Petroleum and natural gas prices rose 61.51 in May. Crude prices have risen 27 since the U.S.Israeli war on Iran broke... https://www.gurutrade.com/news/india-may-wpi-hits-9-68-on-mideast-war-fuel-surge-1781514428.html Mon, 15 Jun 2026 10:50:45 +0300 https://www.gurutrade.com/news/starbucks-korea-to-train-staff-on-history-after-backlash-1781519912.html Starbucks Korea to close all stores June 22 for staff training after marketing backlash Controversy stemmed from 39;Tank Day39; promotion coinciding with Gwangju Uprising anniversary Starbucks Korea remains market leader with over 2,000 stores SEOUL, June 15 Reuters Starbucks Korea will shut all stores in the country at 3 p.m. on June 22 for staff training on historical awareness and social sensitivity, the operator Shinsegae Group said on Monday, following public backlash over a marketing campaign. The coffee chain faced widespread criticism and suffered a very significant drop in sales after last month39;s campaign that evoked a brutal 1980 military crackdown on prodemocracy protesters. Shinsegae39;s affiliate EMart owns Starbucks Korea, which launched its 39;Tank Day39; tumbler promotion on the anniversary of the May 18 Gwangju Uprising, when the military government deployed troops and tanks to suppress prodemocracy demonstrations. Starbucks Korea headquarters staff and executives from Shinsegae39;s EMart division will undergo the same training on June 17 at the group39;s inhouse training centre, while Shinsegae Chairman Chung Yongjin and affiliate CEOs will attend a separate session on June 24, the group said. Shinsegae said the move reflected how seriously it viewed the recent marketing controversy and its commitment to preventing a recurrence. Chung previously apologised publicly over the controversy. The history awareness lecture, led by a history... https://www.gurutrade.com/news/starbucks-korea-to-train-staff-on-history-after-backlash-1781519912.html Mon, 15 Jun 2026 09:50:35 +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/bank-of-england-to-keep-rates-on-hold-after-ecb-hike-1781517084.html BoE looks set to keep rates on hold at 3.75 on Thursday Governor Bailey sees policy as tighter than before Iran war UK economy shrank in April but inflation set to climb Other officials may join chief economist in voting for hike now LONDON, June 15 Reuters The Bank of England looks set to keep interest rates at 3.75 on Thursday as Governor Andrew Bailey judges the central bank can take its time to assess if higher energy prices from the Iran war will generate lasting inflation pressure. Unlike the European Central Bank, which raised interest rates for the first time in nearly three years last week, Bailey views the BoE as effectively having done the same already by halting its previous plans to cut rates this year. We have already tightened policy considerably in response to the shock relative to what had been expected by markets. And that is already affecting the economy, Bailey told fellow central bankers at a conference in Reykjavik last month. UK ECONOMY SHRANK IN APRIL Official data last week showed Britain39;s economy shrank 0.1 in April after expanding by 0.3 in the first quarter of the year, while the Confederation of British Industry predicted unemployment would hit an 11year high of 5.5. Against this backdrop, the rise in inflation to just over 3.5 later this year that the Bank of England sees as possible may squeeze households and boost inflation worries but poses less risk of inciting a spiral of rising wages and prices. This is a kind of... https://www.gurutrade.com/news/bank-of-england-to-keep-rates-on-hold-after-ecb-hike-1781517084.html Mon, 15 Jun 2026 08:20:04 +0300 https://www.gurutrade.com/news/wall-street-ends-higher-as-spacex-s-market-debut-dominates-1781537556.html SpaceX surges after public debut Space stocks slide after rallying ahead of SpaceX debut Adobe drops after exit of CFO Dan Durn Indexes Dow up 0.7, SP 500 up 0.5, Nasdaq up 0.3 Reuters U.S. stocks ended higher on Friday as investors held out hope for a peace deal between Iran and the United States and as SpaceX shares surged in their debut, making it Wall Street39;s biggest public listing in history. The United States and Iran signalled that an agreement to end their war was close, with a senior U.S. administration official saying a draft proposal was in place that was liked by both sides. U.S. President Donald Trump has said several times since midMarch that a deal with Iran to end the war was close. Market participants were glued to shares of Elon Musk39;s SpaceX, which began trading on the Nasdaq on Friday. Its shares closed up 19.2 at 160.95, well above the IPO price of 135 apiece. Its market capitalization was last at 2.1 trillion. Shares of other space stocks, which soared in the leadup to the debut, eased on Friday. Rocket Lab39;s stock fell 10.8, while Intuitive Machines was down 13.1 and Planet Labs declined 8.8. The reported progress in peace talks helped to lift sentiment, said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. There39;s still hope for a peace deal. Trump called off the attacks ... Third parties are confirming a peace deal is happening. That puts pressure on oil prices and reduces worries about... https://www.gurutrade.com/news/wall-street-ends-higher-as-spacex-s-market-debut-dominates-1781537556.html Mon, 15 Jun 2026 08:10:34 +0300 https://www.gurutrade.com/news/anthropic-disables-top-ai-models-over-us-foreign-ban-1781533412.html US order based on 39;narrow potential jailbreak39; risk, Anthropic says Anthropic disagrees with US move to suspend access to Fable 5, Mythos 5 models US government had put Anthropic on Pentagon contractor blacklist after a separate dispute June 12 Reuters Anthropic said on Friday it will abruptly disable its most advanced AI models for all users after the U.S. government ordered it to suspend access to the models for foreign nationals, citing national security concerns. The company received the export control directive to suspend access to Fable 5 and Mythos 5 for all foreign nationals, without being given specific details of its national security concern, Anthropic said in a statement. It is Anthropic39;s understanding that the government believes there is a method of bypassing, or jailbreaking, a safeguard that would prevent Fable 5 from being used in identifying software vulnerabilities, the company said. The order comes just as a previous dispute between Trump administration officials and IPObound Anthropic showed signs of easing across parts of the U.S. government. Anthropic39;s relationship with the government ruptured this year after it refused to allow the U.S. military to use its AI models for domestic surveillance and fully autonomous weapons systems. The government responded by putting Anthropic on a supply chain blacklist, set to take effect later in the year. The action also marks a major escalation of U.S. efforts to halt foreign adversaries39; AI... https://www.gurutrade.com/news/anthropic-disables-top-ai-models-over-us-foreign-ban-1781533412.html Mon, 15 Jun 2026 08:00:20 +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