Wall Street Reaches New Record Highs as AI Boom and Iran Ceasefire Hopes Boost Markets 
U.S. Launches New Strikes on Iran as Trump Signals Peace Deal Uncertainty 
US Imposes Fresh Iran Oil Sanctions Despite Progress on Ceasefire Talks 
UK Grocery Inflation Slows to 3.1% as Supermarket Price Pressures Ease in May 2026 
South Korea Central Bank Holds Interest Rates Steady Amid Inflation Concerns 
Wall Street Hits New Highs as U.S.-Iran Ceasefire Talks Boost Market Sentiment 
US Launches New Trade Investigation Into Vietnam Over Intellectual Property Concerns 
Oil Prices Jump After New U.S. Strikes on Iran Raise Supply Concerns 
Mega IPOs Like SpaceX and OpenAI Could Reshape S&P 500 and Nasdaq 100 Portfolios in 2026 
Asian Currencies Steady as U.S.-Iran Ceasefire Extension Hopes Weigh on Dollar 
Iran-U.S. Nuclear Talks Remain Unresolved as Strait of Hormuz Risks Keep Markets on Edge 
Asian Stocks Rally as AI Boom and Iran Ceasefire Progress Lift Market Sentiment 
Canada and Germany Advance Major LNG Supply Partnership 
S&P 500, Nasdaq Hit Record Highs as Iran Ceasefire Talks and AI Rally Boost Markets 
Oil Prices Set for Sharp Weekly Losses as U.S.-Iran Ceasefire Hopes Ease Supply Concerns 
New World Screwworm Found Near U.S. Border Raises Threat to Cattle Industry and Beef Prices 
The US dollar hovered near a three-week high against major currencies on Tuesday as markets awaited key inflation data that could influence Federal Reserve policy. Support for the greenback came from rising Treasury yields and speculation over Fed Chair Jerome Powell’s future, following renewed criticism from President Donald Trump.
The dollar index stood at 98.104, just below Monday’s peak of 98.136, its strongest since June 25. It traded at 147.75 yen, near its recent high of 147.78. The euro remained steady at $1.1662 after slipping to a low of $1.1650.
Markets are focused on upcoming US inflation figures, with headline inflation expected to rise to 2.7% year-on-year from 2.4%, and core inflation to 3.0% from 2.8%, according to a Reuters poll. Fed Chair Powell previously suggested summer inflation may increase due to tariffs, reinforcing expectations that rate cuts may be delayed until later this year.
However, should inflation remain flat or weaken, calls for monetary easing could grow. Trump on Monday intensified his attacks on Powell, suggesting rates should be slashed to 1% or below from the current 4.25%–4.50%. Futures markets are pricing in 50 basis points in cuts by year-end, with the first move likely in September.
Bitcoin hit a new all-time high of $123,153.22 on Monday and was trading at $120,067, amid optimism over favorable crypto legislation this week.
Meanwhile, the Australian dollar dipped to $0.6542 as investors awaited China’s Q2 GDP report. Analysts expect growth to slow to 5.1% from 5.4% amid trade pressures and a weakening property market. Disappointing data could weigh further on the Aussie, given China’s role as Australia’s top trading partner.
