US Stock Futures Steady as Investors Await Payrolls Data and Monitor Iran Tensions 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
Gold Prices Rise Above $4,000 as Inflation Data and Weaker Dollar Boost Demand 
Oil Prices Rise as US-Iran Tensions Threaten Strait of Hormuz Oil Shipments 
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
China Factory PMI Seen Returning to Growth in June as AI Export Demand Supports Economy 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire 
A Major Acquisition in Asset Management
Ares Management is set to acquire GLP Capital Partners' operations outside of China, according to a Bloomberg report. The official announcement is expected soon, potentially as early as Tuesday.
Deal Details and Valuation
The deal could reach up to $5 billion in total value, with an initial payment of approximately $3.5 billion. Additional payments will depend on hitting certain performance targets over time.
Strategic Move for Ares
This acquisition will significantly expand Ares Management’s global footprint, reinforcing its position as a leading player in the asset management industry. Both companies have not yet responded to requests for comment.
