π Economic Releases
| Time (ET) | Event | Impact |
|---|---|---|
| 8:30 AM | Core CPI m/m | High |
| 8:30 AM | CPI m/m | High |
| 8:30 AM | CPI y/y | High |
| 12:00 PM | Fed Chair Nomination Vote | High |
π Earnings Today
π Premarket Gainers & Losers
π― Gamma Flip Point β $SPX (S&P 500 Index)
$SPX gamma flip point is 7380.34 |
π₯ Hot Market News
| Trump says ceasefire with Iran is on 'life support' US President Donald Trump described the ceasefire with Iran as 'massive life support' and rejected Iran's proposal to end the conflict, calling it 'totally unacceptable'. Iran called the proposal 'responsible' while expressing readiness to retaliate against aggression, as tensions persisted over demands including control over the Strait of Hormuz and compensation for war damage.
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| Trump 'seriously considering resuming war' after latest Iranian proposal - report CNN reported that the latest Iranian proposal, which Trump called "unacceptable," along with the continued closure of the Strait of Hormuz and the division among the Iranian leadership, are the key factors pushing Trump into resuming the war against the regime.
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| UAE secretly carried out strikes on Iran, including on oil refinery - report The United Arab Emirates is reported to have conducted clandestine military strikes on targets in Iran, including an attack on an oil refinery.
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| Boeing revival reopens US-China ties as China weighs 500-jet purchase As China considers a massive purchase of Boeing's 737 Max aircraft, the U.S. planemaker is reemerging as a link in U.S.-China relations. With the deal aligning with U.S. President Donald Trump's push to visit China, some expect it to become a key agenda item in leader-level diplomacy between the two countries.
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| US to Release CPI Data as Morgan Stanley Forecasts Spicier Inflation The US will release its Consumer Price Index (CPI) data, with Morgan Stanley predicting higher inflation levels. This data, along with other economic releases, will contribute to the Federal Reserve's core PCE price index evaluation, influencing interest rate decisions, although Morgan Stanley expects rates to remain unchanged despite cost pressures from energy and AI infrastructure.
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π± Forex & Commodities
| Central Banks Tap Most Yuan Swap Lines at PBOC in Two Years Central banks have used the highest amount of yuan swap lines with the People's Bank of China in the last two years, reflecting increased reliance on China's currency for international financial stabilization.
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| Europe's Renewable-Plus-Battery Market Set to Quintuple by 2030 A report by Aurora Energy Research projects that renewable energy capacity installations co-located with batteries in Europe will grow from 6 GW in 2025 to 35 GW by 2030, with Germany, Great Britain, and Bulgaria identified as the most attractive markets for these developments.
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| BOJ Signals Chance of Rate Hike Next Month Over Inflation Risks The Bank of Japan has indicated a potential interest rate hike as early as next month due to concerns about rising inflation risks. This would mark a shift in its monetary policy to address economic pressures.
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πͺ Crypto News
| Circle Surges Amid Optimism Over Own Blockchain, Legislation Circle Internet Group Inc. saw its shares rise by as much as 14% due to positive sentiment about its ARC blockchain project and potential US digital asset legislation. Although the company's revenue and net income fell short of expectations, it successfully raised $222 million in a pre-sale for its Arc cryptocurrency, involving major investors like Andreessen Horowitz and BlackRock.
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| Bank of England Governor Warns of 'Coming Wrestle' with U.S. Over Stablecoin Standards Bank of England Governor Andrew Bailey expressed concerns about U.S. dollar stablecoins flooding the UK during crises due to differing redemption standards. Bailey emphasized the need for international stablecoin standards, warning that the UK's stricter redemption requirements could make it susceptible to absorbing redemption risks externalized by the U.S.
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| Digital Asset Investment Products Attract Nearly $860 Million in Weekly Inflows Amid CLARITY Act Momentum Investment products in the digital asset sector saw inflows of $857.9 million last week, with Bitcoin leading at $706.1 million, as optimism grows around the U.S. Digital Asset Market Clarity Act. The CLARITY Act, seen as a key driver of this influx, is progressing towards a Senate markup, with a planned floor vote in June, while Bitcoin's price briefly exceeded $80,000.
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π οΈ Free Market Tools
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