Wall Street closes broadly higher as chips, banks and small caps lead, while energy sinks on a sharp oil slide
Executive summary: US stocks finished sharply higher, led by a powerful rebound in technology and semiconductors, with the Nasdaq Composite, Dow Jones, S&P 500 and Russell 2000 all posting solid gains. The standout move was in AI and chip shares, while energy stocks fell after WTI crude dropped more than 11%. Banks, defense and autos also outperformed, suggesting investors rotated toward cyclical and growth exposure as oil prices eased. [Continue Reading]
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Oil prices fall further as hopes grow for Iran peace deal and Hormuz reopening
Oil prices extended their decline on Wednesday, with Brent crude falling to its lowest level since early March. The move came as markets continued to price in a reduced risk of supply disruption from the Iran conflict and the prospect of the Strait of Hormuz reopening. Futures for Brent crude due for delivery in August were down nearly 1% in morning trade, after falling about 5% on each of the previous two days.The international benchmark stood at $78.24 a barrel at 08:00 GMT, according to market reporting cited in the supplied material. That was the lowest level since 3 March,... [Continue Reading]
360LiveNews | 17 Jun 2026 10:01 LONDON
European markets open sharply higher as oil slump, metals surge and risk appetite broadens
Executive summary: European equities opened firmly higher, led by gains in the FTSE 100, DAX, CAC 40 and Euro Stoxx 50, while Brent crude slumped more than 10% and precious metals rallied. The move points to a broad shift in market tone, with lower energy prices easing inflation pressure and supporting cyclicals, even as the scale of the oil drop stands out as the day’s most important cross-asset development. [Continue Reading]
Bank of Japan raises rates to 1% amid Iran-war inflation pressures
Japan's central bank has raised its main interest rate to 1%, the highest level since 1995, after citing inflationary pressure linked to higher oil costs from the Iran war. The Bank of Japan said on Tuesday that it was increasing its short-term policy rate from 0.75% in a quarter-point move, as price rises broadened across the economy. Officials said companies were passing on higher oil costs at a relatively fast pace, and that underlying inflation was moving closer to the bank's 2% target.Governor Shinichi Uchida said the risk of a sharp deterioration in the economy had diminished compared with the... [Continue Reading]
360LiveNews | 16 Jun 2026 12:02 LONDON
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Asian stocks surge and oil falls after US-Iran deal confirmation
Asian equity markets rose sharply on Monday after Washington and Tehran confirmed a deal to end hostilities and reopen the Strait of Hormuz. The move came as investors reacted to the prospect of lower geopolitical risk to energy supplies and a possible easing of pressure on global inflation. Brent crude fell in response, while US stock futures also moved higher.Japan's Nikkei 225 benchmark index rose 5.5% in morning trading, while South Korea's Kospi climbed as much as 5.7%. Taiwan's Taiex gained as much as 2.7%, and Australia's ASX200 rose about 1.5%. In Hong Kong, the Hang Seng Index was up... [Continue Reading]
360LiveNews | 15 Jun 2026 04:00 LONDON
