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Oil settles up 7% as Israel, Iran trade air strikes
Oil gains of up to 14% were largest intraday move since 2022Iran's nuclear facility in Natanz damaged in Israeli attackNo impact to oil flows in the region so far -analystsIsraeli attacks kill key Iranian military commandersTrump urges Iran to make a deal over its nuclear programmeBy Erwin Seba ...Reuters
Fri, Jun 13
CORRECTED-ANALYSIS-After years of waiting, Israel's Netanyahu finally makes his move on Iran
Netanyahu threatened Iran for years, many saw it as a bluffIsraeli leader sees Iran as existential threat to IsraelRecent Middle East tumult provided a rare chance to strikeNetanyahu hopes success will secure his legacyBy Crispian Balmer JERUSALEM, June 13 (Reuters) - Iran once ridiculed Israeli ...Reuters
Fri, Jun 13
European shares tumble as Israel-Iran conflict escalates
Airline stocks fall on higher energy prices, disrupted routesEnergy shares gain on higher oil prices STOXX down 0.9%, posts weekly decline By Purvi Agarwal and Ragini Mathur June 13 (Reuters) - European shares closed lower on Friday as Israel's wide-scale strike against Iran triggered a broad...Reuters
Fri, Jun 13
Deutsche Telekom, Nvidia join forces on manufacturers' AI cloud in Germany
By Andreas Rinke and Hakan Ersen BERLIN, June 13 (Reuters) - Deutsche Telekom DTEGn.DE will join forces with Nvidia NVDA.O to establish an artificial intelligence cloud for European manufacturers in Germany, the companies said on Friday.Nvidia will supply 10,000 chips, or graphics processing unit...Reuters
Fri, Jun 13
QUOTES-World reacts to Israeli attack on Iran over nuclear activity
June 13 (Reuters) - Israel launched widescale strikes on Iran on Friday.Following is global reaction:BENJAMIN NETANYAHU, ISRAELI PRIME MINISTER:"We are at a decisive moment in Israel's history."Moments ago, Israel launched Operation Rising Lion, a targeted military operation to roll back...Reuters
Fri, Jun 13
Trump Calls Powell a “numbskull,” Urges Fed Rate Cuts with Vance
TradingKey - On Thursday, June 12, Trump once again heavily criticized Federal Reserve Chair Jerome Powell, urging him to cut interest rates. Trump claimed that a two-percentage-point rate cut could save the U.S. $600 billion in annual interest expenses.TradingKey
Fri, Jun 13
USD/JPY jumps to near 144.00 while both currencies advance amid Middle East tensions
The USD/JPY pair climbs to near 144.00 during European trading hours on Friday after recovering early losses. The pair strengthens as the US Dollar (USD) outperforms across the board amid growing war tensions between Israel and Iran.
Fxstreet
Fri, Jun 13
China May bank loans rise less than expected as trade jitters weigh
May new loans 620 bln yuan vs forecast 850 bln yuanYear-on-year lending growth hits fresh record lowMay M2 money supply +7.9% y/y, vs forecast of +8.1%Trade deal, monetary measures help sentiment somewhatBy Kevin Yao, Shi Bu and Liz Lee BEIJING, June 13 (Reuters) - New bank lending in China rose ...Reuters
Fri, Jun 13
Fed expected to keep rates steady as tariff risks outweigh inflation data
WASHINGTON, June 13 (Reuters) - The Federal Reserve is widely expected to hold interest rates steady next week, with investors focused on new central bank projections that will show how much weight policymakers are putting on recent soft data and how much risk they attach to unresolved trade and budReuters
Fri, Jun 13
Japan’s Trade Negotiator Akazawa: Hopes for a deal with US to spare from higher auto tariffs
Bloomberg reported Japan's top trade negotiator Ryosei Akazawa saying on Friday that “generally speaking, if we reach a deal it should secure special treatment for Japan, and exclude it from rules that apply to most countries,” when asked about US President Donald Trump’s comments that indicated he’Fxstreet
Fri, Jun 13
Japan issues rare warnings on bond market in policy roadmap
TOKYO, June 13 (Reuters) - Japan's government issued rare warnings on rising government bond yields and the changing structure of debt ownership in its economic policy roadmap as the central bank gradually trims its presence in the market.Reuters
Fri, Jun 13
U.S. Implements Second Round of 50% Tariffs in June, Targeting Steel Appliances
TradingKey - On June 12 local time, the U.S. government announced a 50% tariff on steel appliances, a policy that will officially take effect on June 23. This new tax includes home appliances such as refrigerators, washing machines, dishwashers, ovens, and stoves. Previously, on June 4...TradingKey
Fri, Jun 13
Musk’s Approval Implied? California Sues — Trump’s EV Policy Becomes New Battleground for U.S. Political Parties
TradingKey – On June 12, 2025, Donald Trump signed an executive resolution to revoke California’s mandatory electric vehicle (EV) regulations, marking a direct challenge to key policies championed by the Democratic Party.TradingKey
Fri, Jun 13
AMD Launches New AI Chips Outperforming NVIDIA – OpenAI Places First Order
TradingKey - On Thursday, June 12, during the Advancing AI Developer event, AMD unveiled its next-generation artificial intelligence (AI) chip, claiming significant performance advantages over all existing products from rival NVIDIA, and forecasting that the AI chip market will surge to over $500...
TradingKey
Fri, Jun 13
Trump Opens New "Frontier" – Drone Stocks Surge 30% in 4 Days as eVTOL Commercialization Accelerates
TradingKey - Following U.S. President Donald Trump’s executive order to accelerate drone development, drone-related stocks saw a sharp rally. Within just four trading days, shares of two leading electric vertical takeoff and landing (eVTOL) companies — Joby Aviation and Archer Aviation — surged...
TradingKey
Fri, Jun 13
US oil companies surge as Israel-Iran conflict sends crude prices soaring
U.S.-listed shares of oil companies climb pre-market after oil prices jumped, hitting their highest price in almost five months as Israel struck Iran, dramatically escalating tensions in the Middle East and raising worries about disrupted oil supplies.Reuters
Fri, Jun 13
CFTC Chair Challenges Trump? Vows Not to Ease Crypto Compliance Despite Government Support
CFTC Chair Caroline Pham has stated that crypto regulation will not be relaxed, despite the Trump administration’s pro-crypto stance, potentially setting up a conflict between the agency and the president.
TradingKey
Fri, Jun 13
EUR/USD retreats on risk aversion after Israel’s attack on Iran
The EUR/USD pair snaps a four-day rally on Friday, retreating from nearly four-year highs above 1.1600 to the lower range of the 1.1500s. Israel’s attack on Iran triggered a risk-averse market reaction, with investors rushing to safe assets like the US Dollar (USD).
Fxstreet
Fri, Jun 13
Sterling drops as Israel's strikes on Iran boost safe-haven dollar
LONDON, June 13 (Reuters) - The pound fell on Friday, in sync with other volatile currencies such as the Australian dollar, after Israel launched a flurry of strikes on Iran, sending investors scurrying into the relative safety of the dollar.Reuters
Fri, Jun 13
