Oil Prices Hold Above $100 Amid Strait of Hormuz Tensions and U.S.-Iran Uncertainty 
Asian Stocks Rise as South Korea Hits Record High on AI Chip Rally 
Yen Weakens After Intervention Spike as Dollar Stabilizes Amid Global Tensions 
Dollar Holds Firm as Asian Currencies Stabilize Amid Middle East Tensions and Rate Uncertainty 
Asian Stocks Rise Slightly as Oil Prices Hold Steady Amid Middle East Uncertainty 
EU Warns of Response as U.S. Considers 25% Tariffs on Car Imports 
Asian Stock Markets Rise Amid Wall Street Rally and U.S.-Iran Tensions 
Middle East Conflict Impacts Australia and New Zealand Businesses 
Factory orders in the US are expected to have declined in May on a drop in durable goods orders. According to a Societe Generale’s research report, factory orders might have dropped one percent in May, dragged down by a 2.2 percent decline in durable goods.
In the meantime, non-durable goods orders might have grown slightly by 0.2 percent. This is likely because of additional rise in coal and petroleum component. The petroleum and coal series, in March and April, had risen by 9.3 percent on rebound in oil prices.
As oil prices continued to increase in May, the petroleum and coal series are expected to have increased further by 3.5 percent. However, stripping that category, non-durables are likely to have declined by 0.3 percent. Still, after declining steadily last year, non-durable goods orders, excluding petroleum and coal, have started to recover, according to Societe Generale.
