That's a good sign on sales as it will put some inventory accumulation back on the table. That should filter through to GDP in the months ahead.
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Pakistan PM Sharif announced a U.S.-Iran peace deal with an immediate, permanent ceasefire on all fronts including Lebanon; a formal signing ceremony is set for 19 June in Switzerland.
Trump says a U.S.-Iran deal is imminent, covering nuclear weapons and an immediate Hormuz reopening, with sanctions relief possible but no cash transfer; Iran has not confirmed. (Trump is claiming a deal. Iran hasn't said so yet)
Trump tweets that "The Strait of Hormuz will be opening up for business very shortly". LOL. This guy and his b/s promises. Here we go again.
Israel struck Beirut; Trump publicly rebuked Netanyahu; Iran rejected a U.S. restraint offer and vowed an Islamic response, threatening a peace deal Trump said was close. And we still wait.
Gas prices surge as US inventories plummet amid record exports. Summer driving season faces tight supply.
Monday open indicative forex prices 15 June 2026. No deal signed yet. As is usual for a Monday morning, market liquidity is very thin until it improves as more Asian centres come online.
Gold's rally falters on Fed rate hikes & strong dollar. Inflation fears can't lift bullion from 6-month lows.
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