Stocks Have Even More Room to Fly if Hormuz Reopens
Oil prices fell, bonds rallied and the Dow industrials closed at a record after President Trump announced a deal to end the war with Iran.
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Bank of Japan Lifts Rates to 31-Year High
Japan's central bank lifted its policy rate to 1%, anchoring its policy path against the inflationary risks of a war-induced spike in energy costs.
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Reserve Bank of Australia Holds Interest Rates
The central bank held interest rates steady following three consecutive increases, seeking more clarity on the likely path of inflation and the impact of volatility in oil markets.
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China's Consumer Spending Falls for First Time Since Covid
The country's economic growth has become increasingly reliant on exports, stirring up geopolitical tensions.
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Trump Says Strait of Hormuz Will Be Fully Open by Friday Under Iran Deal
The text of the deal will be released in the coming days, officials said, as questions about it are set to dominate a G-7 meeting in France.
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Impact of Iran War to Persist Despite Deal Offering Hope for Peace, ECB's Nagel Says
The impact of the jump in energy prices will continue to be felt in the coming months, Bundesbank President Joachim Nagel said Monday.
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Israel Is Alarmed by Trump's Deal With Iran
Officials are wrestling with the consequences of easing the pressure on Tehran and the risks of opening a rift with the U.S. over Lebanon.
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U.S. Industrial Production Edged Up in May
Production rose by 0.1% last month, after rising 0.9% in April. Analysts polled by The Wall Street Journal expected a 0.3% increase.
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New York Manufacturing Activity Grew at a Slower Pace in June
The Federal Reserve Bank of New York said that its statewide manufacturing index of business conditions grew at a slower pace in June at 5.7, compared with 19.6 in May.
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Oil Prices Slump, Exxon and Valero Stocks Drop on Deal Between the U.S. and Iran
President Trump said Monday that the text of a memo of understanding will be released "sometime after Friday."
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Debt Restructurings Often Accelerate New Defaults, Moody's Says
Measures to forestall creditors-such as distressed-debt exchanges and liability-management exercises-may not ease default risk.
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Eurozone Industrial Production Picked Up Again in April
Industrial output rose again as factories rushed to meet orders placed by customers anxious to avoid price hikes and shortages stemming from the Middle East conflict.
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BOE Expected To Leave Key Rate Unchanged, Parting Ways With ECB
However, the U.K.'s central bank is expected to signal that it stands ready to increase borrowing costs if the conflict in the Middle East is not resolved soon.
(END) Dow Jones Newswires
June 16, 2026 01:00 ET (05:00 GMT)
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