June 19, 2025
Trump to extend TikTok sale deadline
U.S. President Donald Trump will extend a June 19 deadline for China-based ByteDance to divest the U.S. assets of short video app TikTok for 90 days despite a law that mandated a sale or shutdown absent significant progress, the White House said.
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June 19, 2025
Fed leaves rates unchanged, sees two cuts in 2025 but less easing in later years
The Federal Reserve held interest rates steady and policymakers signaled borrowing costs are still likely to fall this year, but slowed the overall pace of expected future rate cuts in the face of estimated higher inflation flowing from the Trump administration’s tariff plans.
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June 18, 2025
Indexes fall as conflict between Israel and Iran intensifies
U.S. stocks were lower, with indexes adding to losses in afternoon trading as the Israel-Iran conflict raged on for a fifth day, with the U.S. military moving fighter jets to the Middle East. U.S. military is deploying more fighter aircraft to the Middle East and extending the deployment of other warplanes.
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June 18, 2025
Sterling slips versus dollar as inflation print
Sterling was lower against the dollar as market focus stayed on developments in the Middle East, while traders await a closely-watched UK inflation print due on Wednesday and a Bank of England interest rate decision due on Thursday.
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June 18, 2025
Oil prices climb as Iran-Israel conflict escalates
Oil prices climbed strongly as the Iran-Israel conflict raged with no end in sight, though major oil and gas infrastructure and flows have so far been spared from substantial impact.
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June 17, 2025
Central banks in focus
Stock indexes stayed higher after last week’s losses as investors took heart from reports that Iran was seeking to end hostilities with Israel, and stayed confident in their predictions for a busy week of central bank meetings.
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