US Stock Futures Rally as U.S.-Iran Peace Talks Boost Market Sentiment Despite Ongoing Strikes 
European Stocks Rise Ahead of ECB Rate Decision as Investors Buy the Dip 
Pakistan Economy Grows 3.7% in FY2026 Amid Strong Fiscal Performance 
Asian Stocks Slide, Oil Prices Climb as Middle East Tensions and Inflation Fears Shake Markets in 2026 
Trump Signals Opposition to USMCA Renewal as U.S. Reviews Trade Relations with Canada and Mexico 
Wall Street Slides as U.S.-Iran Tensions Escalate; Tech Stocks Extend Losses in 2026 
Trump Signals Possible U.S.-Iran Peace Deal as Hormuz Reopening Nears 
Dollar Stabilizes as Markets Weigh Middle East Ceasefire Prospects and Central Bank Policy Outlook 
Oil Prices Surge Above $93 as Trump Escalates Iran Pressure and Strait of Hormuz Tensions Deepen 
The USD/HKD currency spot is expected to hover around 7.85 in the run-up to the G-20 Osaka Summit, with rising upside risks to USD/HKD forwards. If risk sentiment improves, USD/HKD will slide in response as HKMA aggregate balance has shrunk markedly, according to the latest research report from Scotiabank.
The yuan’s weakness has weighed on the HKD despite a steady USD/HKD yield spread. Mainland Chinese investors have turned net buyers of Hong Kong shares again amid escalating US-China trade tensions.
The PBoC has stepped up efforts to stabilize market expectations of the yuan exchange rate, keeping USD/CNY fixing below 6.90.
However, the yuan would face increasing depreciation pressure should China fail to deescalate trade tensions with the US at the G-20 Osaka Summit set for 28-29 June, the report added.
