Ukraine strikes on Russian energy infrastructure acknowledged by Putin, as damage is admitted
President Vladimir Putin has publicly acknowledged that recent Ukrainian strikes on Russian refineries, depots, pipelines and fuel supplies are causing damage to the Russian economy and society. His comments came after weeks of intensifying attacks on energy and logistics infrastructure, including what was described as a Kyiv-claimed strike on a key oil refinery in Nizhnekamsk the previous night. Putin said the attacks were intended to sow confusion, but insisted they would not divide society or cause lasting economic harm.The remarks were carried by Russia's state-owned TASS news agency and were made on Friday. Putin said Russia was recovering quickly and... [Continue Reading]
360LiveNews | 12 Jun 2026 20:59 LONDON
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Europe Opens Mixed as Brent Slides, Palladium Surges and German Stocks Lead the Risk-Off Tone
Executive summary: European markets opened with a cautious tone, as the DAX fell sharply, the FTSE 100 slipped, and the Euro Stoxx 50 was little changed. The biggest moves came in commodities, where Brent crude dropped nearly 6% and palladium jumped more than 8%, while gold, silver and natural gas also weakened. FX was steadier, with sterling and the euro firmer against the dollar. The pattern points to a market still reacting to shifting geopolitical and policy expectations, with energy, metals and autos among the clearest pressure points. [Continue Reading]
Tokyo Opens Higher as Nikkei Extends Rally, Oil and Gold Slide Across Asia-Pacific
Executive summary: Tokyo opened with a clear risk-on tone, led by a +1.8% rise in the Nikkei 225, while Hong Kong and Seoul fell sharply. The move came alongside a broad drop in WTI crude, gold and several industrial metals, a weaker yen, and a firmer yuan. The split screen suggests investors are rotating within the region rather than embracing a uniform Asia-wide rally. [Continue Reading]
Wall Street Opens Deep in the Red as Tech, Chips and Gold Lead a Broad Risk-Off Move
Executive summary: US markets opened sharply lower, with the Nasdaq Composite down -5.9%, the S&P 500 off -4.0% and the Dow Jones down -2.8%. The heaviest pressure is in technology and AI-linked shares, while gold, silver and crude oil are also weaker. The move points to a broad de-risking at the open, with only a handful of sectors, including banks and some defensive pockets, holding near flat or slightly positive. [Continue Reading]
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Trial opens in California over alleged arson that sparked Palisades Fire
A federal trial has opened in Los Angeles over allegations that Jonathan Rinderknecht deliberately started the Palisades Fire, one of the most destructive wildfires in the city's history. Prosecutors say the blaze began on 1 January 2025 and later spread through communities including Pacific Palisades, leaving large areas of the coastline north of Los Angeles unrecognisable. The fire is said to have killed 12 people.Opening statements were presented on Wednesday in downtown Los Angeles, where prosecutors accused the 29-year-old of destroying property by means of fire, committing arson affecting interstate commerce, and lighting timber aflame. Rinderknecht has pleaded not guilty.... [Continue Reading]
360LiveNews | 11 Jun 2026 00:30 LONDON
Trump repeats Iran deal prediction as talks continue without agreement
US President Donald Trump has again predicted that a deal with Iran is close, even though no agreement has materialised after repeated similar claims since March. The latest prediction came on Monday local time, according to the supplied report, extending a pattern in which he has said at least 37 times that an accord was imminent. The remarks come against the backdrop of ongoing diplomacy and a war that has already had wide regional and economic consequences.The report says the predictions began on March 23, when Trump told reporters outside Air Force One that the two sides had reached "major... [Continue Reading]
360LiveNews | 09 Jun 2026 13:35 LONDON
