📅 Economic Releases
| Time (ET) | Event | Impact |
|---|---|---|
| 8:30 AM | Core CPI m/m | High |
| 8:30 AM | Core CPI y/y | High |
| 8:30 AM | CPI m/m | High |
| 8:30 AM | CPI y/y | High |
📊 Earnings Today
📈 Premarket Gainers & Losers
🎯 Gamma Flip Point — $SPX (S&P 500 Index)
$SPX gamma flip point is 7420.59 |
🔥 Hot Market News
| Iran Strikes US Navy's 5th Fleet After Attacks Over Apache Chopper Downing Iran launched attacks on the US Navy's 5th Fleet following tensions escalated by the downing of an Apache helicopter. This marks a significant escalation in hostilities between the US and Iran in the region.
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| Bond traders position for multiple Fed rate hikes Two-year Treasury yields surged as bond traders adjusted expectations for Fed interest rate hikes following a strong May 2026 jobs report. Newly appointed Fed Chair Kevin Warsh faces mounting pressure to signal a clear policy direction amid market speculation of future rate increases, which has already impacted Bitcoin ETFs with significant outflows.
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| European Central Bank May Hike Rates Amid Inflation-Recession Dilemma The European Central Bank is considering raising interest rates as it grapples with the dual challenge of controlling inflation while navigating a potential recession in the eurozone.
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| Ukrainian Arms Maker Developing New Freya Air Defense System as Alternative to Patriot Ukrainian company Fire Point is developing the Freya air defense system with European partners as a cost-effective alternative to the US Patriot system, aiming to intercept ballistic missiles. The project, involving countries like Germany and France, is in the testing phase, with first interceptions expected by the end of the year.
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| China’s reflation trend continues to solidify China's CPI inflation remained unchanged at 1.2% year-on-year in May, with rising energy prices balanced by declining food and rental costs. Meanwhile, PPI inflation increased to 3.9% YoY due to higher raw material prices, notably in non-ferrous metals and oil and gas extraction, influenced by elevated energy costs.
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| Treasury Market Is Telling Kevin Warsh Rates Need to Be Higher The Treasury market signals that there is a need for higher interest rates, as interpreted by Kevin Warsh, a former Federal Reserve official, in order to address inflationary pressures and maintain economic stability.
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| ASML’s Surge to Record High Masks Lowball Valuation Versus Peers ASML Holding NV's shares have surged 64% in 2026 but still lag behind the broader US semiconductor sector due to concerns about its reluctance to raise prices and the delayed adoption of its advanced tools. Despite potential setbacks, analysts note that ASML is ramping up production faster than expected, with Bank of America raising its price target, projecting that ASML will produce 90 EUV tools annually by the end of 2027.
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💱 Forex & Commodities
| USD/JPY Forecast: The BOJ Can't Save the Yen and JGBs Forever The Bank of Japan is facing challenges in sustaining its interventions to stabilize the yen and Japanese Government Bonds (JGBs), as market pressures continue to weigh on the currency and bond market dynamics.
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| US Dollar-Yen to Correct to 155 by Year-End: Citi USD/JPY Forecast Citi forecasts that the exchange rate for the US dollar against the yen will adjust to 155 by the end of the year 2026, indicating significant movement in the USD/JPY currency pair.
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| Gold drops below $4,200/oz as fresh Iran tensions renew inflation fears Gold prices fell for a fourth consecutive session on Wednesday, pressured by a stronger U.S. dollar and rising expectations of a Federal Reserve rate hike, as fresh U.S. strikes on Iran kept energy-driven inflation concerns in focus.
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🪙 Crypto News
| Chinese investors turn to digital bets for exposure to US tech IPOs Chinese and Hong Kong investors, barred from participating in SpaceX's $1.78 trillion IPO due to US export control regulations, are utilizing crypto derivatives like perpetual futures on exchanges to gain exposure indirectly. These crypto platforms include Hyperliquid, OKX, and Bitget, offering synthetic access, while facing regulatory risks for circumventing restrictions.
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| Tokenized Stocks Could Drive RWA Market to $5 Trillion, Says Securitize CEO Securitize CEO Carlos Domingo predicts that tokenized stocks could boost the real-world assets market to $5 trillion by moving just 2% to 3% of the $150 trillion global stock and ETF market on-chain, distinguishing these from derivative-based products and preferring public blockchains like Ethereum for institutional tokenization.
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| U.K. To Allow Mutual Funds 10% Exposure To Crypto The U.K. Financial Conduct Authority is proposing to let certain investment funds hold up to 10% of their assets in cryptocurrencies, aiming to limit risks while integrating digital assets into investments. Analysts view this move as a sign of wider acceptance of cryptocurrency investment products.
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| Morpho Raises $175 Million to Build 'Open Credit Network for the World' Morpho, an onchain lending protocol, secured $175 million in a funding round led by Paradigm, a16z crypto, and Ribbit Capital, valuing the protocol at up to $2 billion. The investment will be used to expand Morpho's credit infrastructure and deepen partnerships, with the protocol already having over $11 billion in deposits.
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| Bernstein: Bitcoin Inflows Slow Sharply in 2026 as Investors Chase AI In 2026, a significant slowdown in Bitcoin inflows has been observed as investors redirect their focus towards the rapidly growing AI sector.
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🛠️ Free Market Tools
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