German Industry Employment Falls to Lowest Level in a Decade 
Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
German Auto Suppliers Turn Bearish as Investment and Jobs Shift Overseas 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Oil Prices Ease as Markets Weigh U.S.-Iran Peace Deal and Strait of Hormuz Reopening 
ASX Proposes New Share Dilution Limits for Public Takeovers 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
Japan Trade Deficit Narrows as Exports Surge in May 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
Australia Eases Capital Gains Tax Reforms to Support Small Businesses and Startups 
U.S. stocks extended their losing streak to four consecutive weeks on Friday, as escalating tensions in the Middle East rattled investor confidence and triggered broad risk-off selling across Wall Street.
Major indexes closed sharply lower after CBS News reported that U.S. Pentagon officials were drawing up detailed plans to potentially deploy ground troops into Iran. The S&P 500 dropped 1.5% to finish at 6,508.32, the Nasdaq Composite fell 2% to 21,647.61, and the Dow Jones Industrial Average lost 1%, settling at 45,576.83. On a weekly basis, the S&P shed 1.9%, the Nasdaq and Dow each declined 2.1%. Year-to-date losses now stand at 4.9%, 6.9%, and 5.2%, respectively.
Compounding the selloff was a quadruple witching event — the simultaneous expiration of stock index futures, stock index options, stock options, and single stock futures — totaling an estimated $4.7 trillion in derivatives contracts.
Bond markets also came under pressure, with the 10-year U.S. Treasury yield climbing 10 basis points to 4.384%, its highest point since last August. Rising yields weighed heavily on rate-sensitive sectors like utilities, real estate, and technology. Truist Chief Investment Officer Keith Lerner noted that stabilization in oil prices and the 10-year Treasury will be critical before markets can regain momentum.
Oil prices surged on the back of geopolitical concerns, with Brent crude rising nearly 3% to $111.78 per barrel. Supply fears intensified following Israeli strikes on Iran's South Pars gas field and retaliatory Iranian attacks on energy infrastructure across the region, including Qatar's Ras Laffan facility. Qatar announced its export capacity had been reduced by 17%, with repairs potentially taking up to five years.
In a rare bright spot, FedEx shares gained nearly 1% after the company raised its full-year profit outlook, though it cautioned that ongoing geopolitical disruptions could pressure future earnings through higher air freight costs and flight rerouting.
