Economic Report

Bitcoin fell on Monday, continuing its decline from the weekend as heightened concerns over the Israel-Iran conflict kept risk appetite subdued. The world’s largest cryptocurrency slipped 1.3% to $101,501.8 by 01:35 ET (05:35 GMT), briefly dropping to as low as $99,000 on Sunday. This marks the first time in June …

Shares of major oil companies surged in premarket trading on Wall Street on Monday following U.S. airstrikes on Iranian nuclear facilities over the weekend, which have reignited fears of supply disruptions and a spike in oil prices. Chevron (NYSE: CVX), Exxon Mobil (NYSE: XOM), ConocoPhillips (NYSE: COP), Hess Corporation (NYSE: …

Germany’s economy is expected to contract more than previously anticipated in 2025, primarily due to the impact of U.S. tariffs on the nation’s export-driven economy, according to a new forecast from the BDI industry association. The BDI revised its 2025 outlook, now projecting a 0.3% contraction, a significant downgrade from …

European stocks took a hit on Monday following the U.S. decision to join Israel in striking Iran’s nuclear facilities, escalating concerns over a broader Middle Eastern conflict. Market Performance: The pan-European STOXX 600 index dropped 0.3%, reaching 535.11 points by 07:12 GMT. Other major regional indexes also traded lower, reflecting …

The U.S. dollar saw a modest uptick on Monday as investors sought safety amid rising geopolitical risks stemming from the Israel-Iran conflict. The restrained movements suggested that the market was waiting for Iran’s response to the U.S. attacks on its nuclear sites, which escalated tensions in the Middle East. Key …

Oil prices soared on Monday, reaching their highest levels since January, as the U.S. joined Israel in launching attacks on Iran’s nuclear facilities, stoking fears of supply disruptions in the Middle East. Brent crude futures rose by $1.92, or 2.49%, to $78.93 a barrel at 0117 GMT. U.S. West Texas …

Gold prices fell slightly on Monday amid increasing demand for the U.S. dollar, triggered by the U.S. attack on key nuclear facilities in Iran, which marked an escalation in the Middle Eastern conflict. At 01:08 ET (05:08 GMT), spot gold was down 0.2% at $3,360.11 per ounce, and gold futures …

The S&P 500 declined by around 0.3%, while the Dow Jones Industrial Average inched up 0.09%. The tech-heavy Nasdaq 100 dropped 0.59%. U.S. equity indices gave up early-session gains in the week’s final trading day, pressured by weakness in semiconductor stocks. The pullback came after The Wall Street Journal reported …

The Middle East conflict intensified on June 12, 2025, when Israel launched airstrikes on Iran’s Natanz uranium enrichment facility, targeting military leaders. Iran retaliated swiftly, leading to a cycle of strikes that damaged government, health, and civilian infrastructure, with casualties on both sides. Iran’s refusal to halt its nuclear program, …

The artificial intelligence (AI) sector continues to drive market momentum, with notable earnings results capturing investor attention. Advanced Energy Industries reported a remarkable 112% earnings per share (EPS) increase to $1.23 in its latest quarter, reversing a six-quarter decline. This surge, driven by demand in data center and semiconductor equipment …