Europe opens higher as peace-driven risk rally lifts stocks, metals surge and Brent slumps
Executive summary: European equities opened firmer, led by the Euro Stoxx 50 and CAC 40, as a broad risk rally followed reports of a U.S.-Iran peace breakthrough. Brent crude fell sharply, while gold, silver, platinum and palladium all surged, pointing to a fast rotation into havens and industrial metals at the same time. The euro and pound also strengthened against the dollar, while natural gas weakened. The move matters because it combines lower energy costs with stronger equity sentiment, but the scale of the commodity swings suggests traders are still pricing in headline risk and not a fully settled geopolitical... [Continue Reading]
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Tokyo and Asia-Pacific close sharply higher as peace deal headlines hit oil, lift metals and cyclicals
Executive summary: Asia-Pacific markets ended the session with a broad risk-on tone, led by a powerful surge in Japan and South Korea after headlines around a U.S.-Iran peace deal. The Nikkei 225 jumped +6.0% to 69,317.5, the Kospi surged +13.9%, and the ASX 200 rose +3.4%. Oil slumped -10.5% while gold, silver and palladium rallied strongly, signaling a sharp rotation into lower energy costs, precious metals and cyclical assets. [Continue Reading]
Modi and Macron set new India-France trade, AI and defence targets in Nice
India and France have agreed a new package of cooperation covering trade, artificial intelligence, defence, space and economic security after talks between Prime Minister Narendra Modi and President Emmanuel Macron in Nice. The meeting produced a mechanism aimed at doubling annual bilateral trade within five years, starting from the current level of about $16 billion. It also set out an India-France Innovation Roadmap 2030 and a joint working group on AI governance.The Ministry of External Affairs said the two leaders held extensive discussions on bilateral relations and agreed to deepen ties in economic growth, technology and innovation, talent mobility, and... [Continue Reading]
360LiveNews | 15 Jun 2026 01:32 LONDON
Tokyo Opens Higher as Oil Slides and Precious Metals Surge, Asia-Pacific Risk Appetite Improves
Executive summary: Tokyo and broader Asia-Pacific markets opened with a firmer tone, led by gains in Japan, South Korea and Australia, while Hong Kong lagged. The sharpest cross-asset move was in commodities, where WTI crude fell -8.3% and palladium jumped +9.8%. Equities also found support from a softer USD/JPY and a modestly weaker dollar against the yuan, even as the Hang Seng slipped and natural gas eased. [Continue Reading]
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Canada signals energy, defence and uranium cooperation with India amid thaw in ties
Canada's High Commissioner to India has said Ottawa offers India a range of energy options, as both countries look to deepen cooperation after a prolonged diplomatic chill. In remarks published on Sunday, Christopher Cooter also pointed to possible collaboration on defence, uranium supply and security concerns. The comments come as India and Canada continue a cautious reset in relations that were badly strained in 2023.Cooter's interview comes almost a year after the two countries announced new envoys following the collapse in ties over allegations linked to the killing of Canada-based Khalistan separatist Hardeep Singh Nijjar. Canada's then prime minister Justin... [Continue Reading]
360LiveNews | 14 Jun 2026 02:00 LONDON
India protests US strikes on ships in Gulf as death toll of Indian mariners deepens row
India and the United States have sharpened their diplomatic dispute over US missile strikes on commercial ships in the Gulf region after three Indian seafarers were killed in an attack on 10 June. External Affairs Minister S Jaishankar said he had spoken to US Secretary of State Marco Rubio and reiterated India's "strong protest" over what he described as lethal actions against commercial shipping. The exchange comes as Prime Minister Narendra Modi and President Donald Trump head to the G7 summit in Evian-les-Bains, where a possible meeting could add another layer to the talks.The Indian side said the Ministry of... [Continue Reading]
360LiveNews | 14 Jun 2026 00:59 LONDON
Pakistan warns India water restriction could be treated as act of war
Pakistan has warned that any attempt by India to restrict the flow of Indus waters could have serious consequences and may be viewed as an act of war. The warning came after India's water resources minister said New Delhi was working to ensure that "not a single drop" of water reaches Pakistan in the coming years. The exchange marks a sharp escalation in rhetoric around the Indus Waters Treaty, which India has said it has kept in abeyance.At a weekly briefing in Islamabad, foreign ministry spokesperson Tahir Andrabi said Pakistan was responding to the Indian minister's remarks on the treaty.... [Continue Reading]
360LiveNews | 12 Jun 2026 06:03 LONDON
Omar Abdullah urges Modi to restore Jammu and Kashmir statehood early
Jammu and Kashmir Chief Minister Omar Abdullah has met Prime Minister Narendra Modi in New Delhi and pressed for the early restoration of statehood to the Union Territory. The meeting came a week after the National Conference announced plans for a protest at Jantar Mantar to push the same demand. Abdullah also discussed the region's economy, development and public welfare with the prime minister.According to a statement from the Chief Minister's Office, Abdullah told Modi that restoring statehood would be an important step in strengthening democratic institutions and deepening public participation. He asked that the process be taken forward at... [Continue Reading]
360LiveNews | 11 Jun 2026 17:33 LONDON
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Modi speaks to Kuwait emir after airport attack and West Asia escalation
Prime Minister Narendra Modi has spoken by phone with Kuwait's emir, Sheikh Meshal Al-Ahmad Al-Jaber Al Sabah, as tensions in West Asia continue to rise. The call came after an Iranian attack on Kuwait International Airport that reportedly killed an Indian national and injured more than 60 people. India said the leaders discussed the evolving security situation and the need for de-escalation.According to an official statement, Modi expressed deep concern over the escalation of tensions and reiterated India's condemnation of attacks on Kuwait's sovereignty and territorial integrity. The statement said the two leaders exchanged views on the regional security situation.... [Continue Reading]
360LiveNews | 09 Jun 2026 16:30 LONDON
India: Preliminary probe says trapped gases caused deadly blast at Visakhapatnam Steel Plant
A preliminary inquiry has said a deadly explosion at the Rashtriya Ispat Nigam Ltd plant in Visakhapatnam, in the southern Indian state of Andhra Pradesh, was caused by the sudden release of entrapped gases from liquid steel. The blast killed eight workers at the Visakhapatnam Steel Plant, also known as RINL, and sent molten metal onto people working below. The incident happened on Monday afternoon during casting operations at the steel complex.According to the investigation report by the chief inspector of factories, the explosion took place at about 4.15 pm while a full steel ladle was being rotated and centred.... [Continue Reading]
360LiveNews | 09 Jun 2026 05:29 LONDON
TMC faces internal rebellion after losing power in West Bengal
The Trinamool Congress is facing a serious internal revolt in West Bengal barely a month after losing office, according to the latest confirmed reporting. The party, which governed the state for 15 years, is now dealing with a challenge to its authority from within its own ranks. The dispute centres on the leadership of Mamata Banerjee and has spread from the state legislature to the party's parliamentary wing.The immediate picture is stark. Roughly three-quarters of the party's legislators are said to have revolted against Banerjee and her nephew, Abhishek Banerjee, who is widely seen as her political heir. The rebels... [Continue Reading]
360LiveNews | 09 Jun 2026 00:32 LONDON
