Asian stocks rebound as chip shares lift Seoul, Taipei about 3%
Why it matters: The bounce came as oil eased and investors shifted focus to Tesla and Alphabet earnings for proof AI spending can pay off.
Subject
#Inflation
Oil shock revives inflation fears as US-Iran fighting strains supply
Why it matters: BlackRock sees the conflict adding about 0.8 percentage points to global headline inflation, with Europe and parts of Asia most exposed.
Gold rebounds to $4,033 as traders test key $4,000 support
Why it matters: Middle East fighting and oil swings could lift inflation and complicate the Federal Reserve’s rate path.
Gold holds near $4,000 as US-Iran clashes push Brent above $90
Why it matters: Higher oil prices are reviving inflation fears and keeping at least one Fed rate hike this year in play.
Bond traders price in Fed rate hike by December as inflation lingers
What's next: Markets see little chance of a July move but increasingly favor a quarter-point hike in September or October.
Oil jumps to 1-month high as US-Iran attacks disrupt Hormuz flows
What's new: Brent settled at $84.73 and WTI at $79.34 after renewed strikes and tanker attacks raised inflation and diesel-supply fears.
Asian stocks slide as chip selloff hits Nikkei, TSMC and futures
What's new: MSCI's Asia-Pacific gauge fell 2.1%, Brent neared $85 a barrel and Taiwan Semiconductor sank more than 4%.
Bloomberg, MarketWatch
Oil jumps to 1-month high as Hormuz attacks cut tanker traffic
Why it matters: About 20% of global oil once moved through the strait, and flows there have dropped sharply as US-Iran fighting resumes.
Asian stocks slide as chip selloff deepens; Nikkei drops 4.4%
What's new: Brent neared $85 a barrel and was up 12% for the week as Strait of Hormuz shipping slumped, adding to inflation worries.
Trump drops 20% Hormuz transit fee a day after reviving blockade
What's new: Oil had jumped as much as 9% and bond yields rose before Trump shifted to seeking trade and investment deals with Gulf allies.
Fed Chair Warsh vows inflation retreat in first House testimony
What's next: Warsh returns to Capitol on Wednesday for Senate testimony after defending the Fed's independence and 2% inflation goal.
Fed Chair Warsh pushes 5 reviews, vows end to inflation surge
What's new: Warsh used his first semiannual House testimony to defend a broader overhaul of Fed policy, data and communications.
Fed's Warsh pushes inflation overhaul in first House testimony
What's new: Two months into the job, he said five Fed task forces are reviewing communications, technology, the balance sheet, data and inflation policy.
US June inflation cooled to 3.5% as energy prices fell
What's next: Traders cut the odds of a September Fed rate hike after core CPI came in flat for the month at 2.6% year over year.
Oil jumps 4% as US-Iran strikes rattle Hormuz shipping
Why it matters: Brent rose above $79, vessel traffic through the strait fell to a five-week low and traders revived Fed hike bets.
Warsh holds off on rate signal as US inflation cools to 3.5%
What's next: The Fed meets July 28-29 as policymakers remain split over whether to raise, hold or cut rates.
Bloomberg, PBS NewsHour +1
US June inflation slowed to 3.5% as gasoline prices fell
What's next: Rising oil prices after renewed Middle East fighting could reverse the relief and keep Fed rate cuts on hold.
PBS NewsHour, ABC News +1
Trump reinstates Iran blockade, seeks 20% fee on Hormuz cargo
Why it matters: The move deepens a US-Iran clash that has disrupted a key oil route and driven up energy prices.
The New York Times, The Straits Times
Oil jumps, Asian stocks slip as US-Iran fighting rattles markets
Why it matters: Brent climbed above $80 this week as thinner Hormuz traffic revived inflation fears and pushed bond yields higher.
Bloomberg, The Straits Times +1
US-Iran strikes deepen Strait of Hormuz crisis after tanker attacks
Why it matters: The clash threatens a route that had carried 5 million to 8 million barrels a day under US naval escort, with oil prices rising.
Series: United States · Iran Conflict Escalation · 32 chapters since Jul 7PepsiCo tops Q2 revenue estimates as US demand weakens
What's new: Shares fell more than 4% after PepsiCo flagged slower recovery in North America despite keeping its 2026 outlook.
CNBC, MarketWatch
ACA insurers seek median 14% premium hike for 2027 plans
Why it matters: KFF found the biggest hit will fall on middle-income buyers who no longer get enhanced subsidies.
PBS NewsHour, The Hill
Fed minutes show split on rates as some officials saw case for hike
What's new: Futures kept pricing in a possible September increase even after the June 16-17 meeting ended with rates unchanged at 3.5%-3.75%.
IMF cuts 2026 global growth to 3% as Iran war drives oil shock
What's new: The fund now sees oil prices jumping nearly 32% this year and global inflation rising to 4.7% in 2026.
The New York Times, PBS NewsHour +1
Bullish US dollar bets hit $40 billion, highest in over a decade
Why it matters: Traders now expect at least one Fed rate hike this year after the dollar climbed 2% in June.
US core PCE inflation hit 3.4% in May, highest since 2023
Why it matters: The 4.1% headline reading and stronger consumer spending kept rate-hike expectations alive for later this year.
CNBC, ABC News +1
BOJ flags more rate hikes after lifting benchmark to 1%
Why it matters: The move took Japan's policy rate to its highest level since 1995, even as the yen stays near a 40-year low.
Singapore core inflation held at 1.4% in May, missing forecasts
What's next: Economists expect MAS to keep policy unchanged in July even as officials warn energy costs could lift imported inflation.
Former Fed Chair Alan Greenspan dies at 100
Why it matters: Greenspan led the Federal Reserve from 1987 to 2006, shaping US monetary policy through booms, crashes and the dot-com era.
The New York Times, Bloomberg +2
ECB holds to measured path as Lagarde cools bets on bigger rate move
What's new: Traders cut year-end hike bets to 33 basis points from 37, while Germany's 2-year yield fell 6 basis points.
Singapore dollar seen rising 2.4% by year-end despite Fed hike bets
What's next: May inflation data due June 23 could shape a July MAS tightening move that would support the currency.
Cuba’s assembly set to vote on economic overhaul as sanctions bite
Why it matters: The package could widen private investment and shrink the state as blackouts, inflation and shortages deepen.
Bloomberg, The Straits Times +1
Hormuz reopening cuts oil to $80, but inflation hit may linger for months
Why it matters: Analysts and the World Bank expect delayed pass-through to food, gas and freight even as Gulf shipping recovers.
Traders price 67% odds of a September Fed rate hike after Warsh
What's new: July hike odds jumped to about one-in-three, while stocks initially fell and 2-year Treasury yields surged.
Bloomberg, MarketWatch
Bank of England holds rates at 3.75% in split 7-2 vote
What's new: The bank cut its peak inflation forecast to 3.25% as oil fell below $80 a barrel after the US-Iran truce.
Bank Indonesia lifts key rate to 5.75% in third hike in 4 weeks
Why it matters: The move extends a 100-basis-point tightening push to steady the rupiah after it hit a record low this month.
Antara News, Republika +2
Fed holds rates at 3.5%-3.75% as Warsh starts overhaul
What's new: The new chair set up task forces on inflation, data, jobs, communications and the balance sheet while withholding his own rate forecast.
The New York Times, CNBC
Pertamax price increase to add 0.25% to inflation, BI projects
BI still expects annual inflation to stay within 1.5%-3.5% in 2026, even as higher fuel prices lift the forecast.
Antara News, Republika
Bank of England holds rate at 3.75% in 7-2 vote as inflation lingers
What's new: Two policymakers backed a hike to 4%, even as the bank cut its peak inflation forecast to 3.25% for late 2026.
Bloomberg, CNBC
Swiss central bank holds rates at 0%, readies franc intervention
What's new: Swiss inflation rose to 0.6% in May from 0.1% in February, driven by higher energy prices tied to the Iran conflict.
Fed holds rates at 3.5%-3.75% in Warsh’s first meeting as chair
What’s new: Fed projections showed some officials expect a rate hike by year-end, even as all 12 voting members backed no change.
Fed holds rates at 3.5%-3.75% as Warsh starts overhaul
What's new: Warsh set up task forces on communications, the balance sheet, data, jobs and the inflation framework.
Wall Street drops as Fed holds rates, signals 2026 hike risk
What's new: Fed projections showed nine officials expect at least one rate increase by the end of 2026.
Gold drops 2.6% after Fed signals possible rate hikes in 2026
Why it matters: Higher-for-longer US rates and inflation tied to the Iran conflict add pressure on non-yielding bullion.
Warsh’s inflation stance lifts long Treasuries, dims rate-cut bets
What’s new: Jeffrey Gundlach said the Fed chair’s price-stability push makes aggressive easing less likely and boosts the case for long bonds.
US retail sales rose 0.9% in May as gas prices cooled
What's new: Online sales climbed 1.5%, while restaurant sales slipped 0.1% and tax refunds helped support spending.
Bloomberg, ABC News
Japan raids 6 ice cream makers in suspected price-fixing cartel
What's new: Regulators are probing whether annual hikes since 2022 outpaced raw-material costs as sales topped 660 billion yen.
UK inflation held at 2.8% in May ahead of Bank of England vote
What's next: Markets see a 95% chance the Bank of England leaves rates at 3.75% on Thursday, though traders still expect a hike later this year.
ECB signals more rate hikes even as US-Iran truce cools oil
Why it matters: Officials see lasting inflation pressure as energy supply, shipping and inventories recover only gradually.
Asian stocks slip as Fed decision nears and tech shares retreat
Why it matters: Traders are split between rate cuts and hikes, while lower oil prices have eased some inflation fears.
Trump approval edges up to 36% in Reuters/Ipsos poll
Why it matters: Voters still rate Trump poorly on living costs, and Democrats lead Republicans 41% to 38% in the poll ahead of midterms.
The Straits Times, The Hill
Iran war shock reshapes oil, gas and clean-energy markets
Why it matters: The disruption is pushing importers toward coal now and faster spending on renewables, batteries and nuclear power over time.
Trump stages 7 UFC fights on White House lawn for US 250th
Why it matters: The event lands as the U.S. is at war with Iran, inflation tops 4% and Trump's approval ratings have fallen.
The New York Times, BBC News (US & Canada) +6
Bank of Japan lifts rate to 1%, highest level since 1995
What's new: The 7-1 move pushed the Nikkei to a record above 70,000, lifted the yen and paused bond-tapering from April.
BOJ lifts rate to 1%, highest since 1995, as inflation risks widen
What's new: The 7-1 move sent the Nikkei to a record above 70,000 while the yen hovered near 160 per dollar.
Fed set to hold rates as Warsh faces inflation test in week 3
Why it matters: Investors are betting on a rate hike by December as rising oil prices threaten to keep inflation elevated.
Luxury stocks jump as US-Iran deal hopes lift LVMH 5%
Why it matters: A draft accord would reopen the Strait of Hormuz and ease oil sanctions, cutting pressure on energy prices and inflation.
CNBC, MarketWatch
ECB poised for first rate hike in nearly 3 years as war lifts prices
What's next: Markets expect the deposit rate to rise to 2.25%, with at least one more move possible as energy costs push inflation above 3%.
The New York Times, Bloomberg +3
Gold sinks to 6-month low as Fed hike fears outweigh Iran war
What's new: Traders now price a 67% chance of a US rate hike by December as oil-driven inflation clouds the outlook.
US jobless claims rise 4,000 to 229,000, topping forecasts
What's new: Filings hit their highest level since early February, though unemployment stayed at 4.3% and May hiring remained solid.
ABC News, MarketWatch
US wholesale prices jumped 1.1% in May as energy costs surged
Why it matters: The report strengthens expectations that the Fed will hold rates next week, with traders no longer pricing any 2026 cuts.
Singapore gives 1.38 million households S$500 vouchers early
Why it matters: The aid was moved up from January 2027 to June as Middle East turmoil threatens to lift imported costs and inflation.
Channel News Asia, Mothership +1
Indonesia bond selloff resumes, sending 10-year yield to 7.43%
What's new: The rupiah weakened again and stocks swung lower as investors refocused on economic risks despite this week's rate hike.
Singapore starts S$500 vouchers for 1.38 million households
Why it matters: The payout was moved up by about six months as officials brace for higher imported costs linked to the Middle East crisis.
Rollins downplays Texas screwworm threat after earlier stark warnings
What's new: The USDA chief now says the parasite is treatable and not a food-supply risk, even as beef prices and border policy become political flashpoints.
CNBC, The Hill
BOJ's Ueda hospitalized, set to miss June 15-16 rate meeting
What's next: Deputy Governor Ryozo Himino will chair the review as markets brace for a rate hike and clues on further tightening.
US inflation hit 4.2% in May, highest annual rate since 2023
Why it matters: Hotter prices before next week's Fed meeting could delay rate cuts and raise the risk of a hike later this year.
Bloomberg, The New York Times
Trump draws backlash after praising inflation as US CPI hits 4.2%
Why it matters: Republicans face fresh election pressure as energy costs tied to the Iran war push prices to a three-year high.
CNBC, The Straits Times +1
US inflation hit 4.2% in May, highest in 3 years
Why it matters: Surging fuel costs make a Federal Reserve rate cut less likely and have outpaced wage growth, squeezing households.
Oil tops $92, Asian stocks fall after new US strikes on Iran
Why it matters: traders now await US inflation data, with markets pricing in a December Fed rate hike as energy costs rise.
The New York Times, Bloomberg +2
Oil tops $92, Asian stocks fall after fresh US strikes on Iran
Why it matters: Brent traded at $92.29 and investors now await US inflation data that could shape Federal Reserve rate expectations.
BRI keeps MSME lending steady after BI-Rate rises 25 bps to 5.5%
The rupiah strengthened to Rp18.058 per dollar and the IHSG jumped 7.57% after the benchmark rate increase.
Republika, Antara News
US household financial stress hits highest level since 2022
What's next: May CPI data arrives Wednesday, with markets expecting the Fed to hold rates on June 17 and raising odds of a hike later this year.
Singapore PM flags inflation risks despite 6% first-quarter growth
Why it matters: Lawrence Wong warned Middle East disruptions and AI-driven job shifts could still hit prices, supply and demand.
Oil nears $97, Asian stocks slide after Israel-Iran strikes
Why it matters: renewed attacks rattled traders already worried about inflation and disruption to shipping through the Strait of Hormuz.
Bloomberg, The New York Times +2
Trump pressed Fed to cut rates as traders priced in a 2026 hike
What's next: Kevin Warsh chairs his first Fed meeting on June 16-17 after May payrolls rose 172,000 and Treasury prices fell.
Bloomberg, The Business Times (Singapore)
Iran war hits 100 days as S&P 500 reaches new highs
Why it matters: Oil, bond and inflation risks remain elevated even as investors keep betting the conflict will stay contained.
Bloomberg, CNBC
Asian authorities move to defend currencies as dollar pressure mounts
Why it matters: The won and rupiah led regional losses as officials in South Korea, Indonesia, Japan, India and the Philippines stepped up defenses.
S&P 500, Nasdaq fall as 172,000 US jobs dim Fed cut hopes
What's new: Traders cut bets on a June rate cut and raised the odds of a Fed hike by the end of 2026 after the payrolls report.
Nasdaq posts biggest drop since April 2025 as chip stocks sink
Why it matters: A stronger-than-expected May jobs report pushed traders to price in a 42.7% chance of a Fed rate hike by December.
Bloomberg, The Business Times (Singapore)