European, Asian Stocks Fall Amid Geopolitical Tensions; U.S. Markets Closed
Investors continued to steer clear of risky assets amid geopolitical concerns centered on the Middle East while the U.S. markets were closed for the Juneteenth holiday.
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Trump Privately Approved of Attack Plans for Iran but Has Withheld Final Order
The president is hoping that threatening to join Israel's strikes will lead Tehran to abandon its nuclear program.
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The Fed Waits for the Dust to Settle on Tariffs
Fed Chair Jerome Powell is engaged in a balancing act: projecting confidence while admitting "we don't know" what comes next.
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ECB's Next Move Most Likely to Be a Rate Cut, Villeroy Says
Unless the eurozone faces a major new shock such as an escalation of the military conflict in the Middle East, the ECB is more likely to lower its key interest rate over the next six months than raise it, the head of the Bank of France said Thursday.
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Swiss Central Bank Cuts Rate to Deter Search for Safe Haven
Switzerland cut rates to zero to rein in the rapidly appreciating franc, which has acted as a safe haven for investors given raised concerns over U.S. trade policy and Middle East tensions.
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Norges Bank Surprises With Rate Cut and Hints at Further Easing This Year
Inflation has declined since its March meeting and the outlook for the coming year indicates lower inflation than it had previously expected, the central bank said.
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BOE Expected to Follow Fed With Interest Rate Pause. The U.K. May Cut Again Soon.
The Bank of England has been slowly reducing borrowing costs since the middle of last year, but inflation is still well above target.
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China's Real Estate Recovery Is Mixed. These Cities Are Bouncing Back.
Luxury homes in Shanghai are selling but prices are still falling in smaller cities.
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Goldman's top economist expects Trump won't raise tariffs on other countries on July 9
Will there be a comeback for the "reciprocal" tariffs that President Trump unveiled at his "liberation day" event on April 2? Probably not, according to Goldman Sachs Chief Economist Jan Hatzius.
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How 'gold fatigue' has helped drive platinum prices up 44% this year
Platinum has far outpaced its metals peers for the month and year to date as supplies of the commodity are expected to fall short of demand for a third straight year. But that's not the only reason for platinum's stellar price performance.
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Irish Central Bank Warns U.S. Policy Could Lead to Slower Growth, Higher Debt
The rise in U.S. tariffs announced in early April would have a significant impact on economic growth over coming years, the central bank said in its quarterly outlook.
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Brazil's Central Bank Extends Aggressive Hiking, Indicates Potential Pause
The bank's monetary committee, known as Copom, raised the Selic benchmark rate to 15% from 14.75%. It is now at its highest level since May 2006.
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Foreign Investors Sold $41 Billion in Treasuries After Trump Unveiled Tariffs
In April, foreigners sold a net $40.8 billion of U.S. notes and bonds that had more than one year to maturity.
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Stablecoin Legislation Will Juice Demand for Treasurys-to a Point
Issuers of digital currencies need Treasury bills for their reserves, but analysts say the consequences are uncertain.
(END) Dow Jones Newswires
June 19, 2025 05:00 ET (09:00 GMT)
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