Breakfast | June 29, 2026
Mutual strikes between the US and Iran jeopardize the ceasefire, leading to a rebound in crude oil prices. At the start of Asian trading on Monday, Brent crude rose nearly 2%.
US officials stated that the US and Iran would "pause" hostilities, with talks planned for the 30th in Doha, the capital of Qatar. Previously, the US military conducted airstrikes on southern Iran on Friday and Saturday, while the Iranian military threatened on Sunday to launch a "hellish" strike against US military bases.
On Friday, Lebanon, Israel, and the US reached a tripartite framework agreement. The Israeli Prime Minister stated that Israeli forces would remain in the "security zone" in southern Lebanon until Hezbollah disarms. Lebanese media reported that Israeli forces attacked southern Lebanon again on Saturday after the framework agreement was reached. Hezbollah declared the tripartite framework agreement invalid.
Federal Reserve voter Kashkari shifted from dovish to hawkish: citing persistently high inflation, he expects one rate hike this year.
China's industrial enterprises above designated size saw their profits increase by 21.1% year-on-year in May. Profits in the computer, communication, and other electronic equipment manufacturing sectors surged by 103.9% in the first five months.
Global Times: China and the EU are holding intensive trade consultations. A lack of sincerity from the EU could trigger a sharp rise in China-EU economic and trade frictions.
UK media: Apple is seeking approval to purchase memory chips from ChangXin Memory Technologies (CXMT).
NASDAQ: SpaceX will be included in the NASDAQ-100 Index on July 7.
News of OpenAI's delayed IPO heavily impacted SoftBank, putting its $65 billion exposure to a major liquidity test, with shares plummeting 13%, marking the largest drop in two years.
