Key Takeaways Sterling at 3-month low: The pound languished near its lowest level since late March against the dollar and hit one-month lows against the euro. Starmer’s exit the catalyst: The prime minister’s resignation announcement sent the currency into a tailspin. Burnham’s victory triggered the crisis: Andy Burnham’s decisive parliamentary …

Key Takeaways Starmer steps down: The UK prime minister announced Monday he will resign as Labour leader and prime minister after months of mounting political pressure. Orderly handover pledged: Starmer said he will remain in post until a leadership contest is completed to ensure a smooth transition. Trigger: Burnham’s by-election …

Key Takeaways Inflation surges: Canada’s annual CPI accelerated to 3.2% in May — a 29-month high — well above the 3.0% forecast and April’s 2.8%. Monthly CPI jumps: The monthly rate rose 1.0% — the highest monthly increase in 15 months — exceeding the 0.8% expected. Gasoline the culprit: Pump …

Key Takeaways Futures recover: S&P 500 futures fell 0.14% to 7,560.25 after initially tumbling as much as 1% on Iran strike fears. Nasdaq 100 flat: At 30,716; Dow futures slightly lower at 51,996. Markets closed Friday: Wall Street observed the Juneteenth holiday. Iran touts “major progress”: FM Araghchi cited significant …

Key Takeaways Bitcoin barely moves: The world’s largest crypto fell 0.2% to $64,224.6, failing to hold the weekend’s approach toward $65,000. Weekend recovery fades: Bitcoin ran out of steam by Monday as mixed Iran signals dampened risk appetite. Iran flags progress: Iranian officials reported advancement in Switzerland quadrilateral talks; Qatar …

Key Takeaways Gold bounces: Spot gold rose 1.1% to $4,205.05 per ounce, while gold futures climbed 1.2% to $4,223.42 — snapping three straight sessions of losses. Coming off a tough week: Bullion slipped 1.4% last week following the Fed’s hawkish signals. Iran progress supports: FM Araghchi’s “major progress” claim from …

Key Takeaways Oil turns lower: Brent fell 2.1% to $78.92 per barrel, while WTI edged down 0.4% to $76.30 — erasing early gains. After last week’s 10% crash: Both contracts had already declined nearly 10% last week on peace deal optimism. Iran FM claims “major progress”: Araghchi said quadrilateral talks …

Key Takeaways Cautious open: The Stoxx 600 edged 0.1% higher; DAX was largely flat; CAC 40 gained 0.1%; FTSE MIB dipped 0.1%. FTSE 100 holds steady: Markets await an official statement from Downing Street after reports Keir Starmer is poised to resign. Starmer political crisis: Media reports say the UK …

Iran Flags “Major Progress” in Switzerland Talks: Trump Threatens “You Won’t Even Make It Back to Your Country” as Hormuz Reopens Again Key Takeaways “Major progress” declared: Iranian FM Araghchi cited Pakistan and Qatar’s tireless mediation in delivering significant advances toward ending the Lebanon war. Key concessions confirmed: Oil and …

Dow Jones Industrial Average (DJIA) Technical Analysis The Dow Jones Industrial Average on Wall Street retreated after encountering formidable resistance in the vicinity of 51,650 — a level that forced the index into a downside move. Technical Outlook for Today’s Session – 4-Hour Timeframe: On the short-term horizon, the simple …