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Gold Slides 3.6% After US-Iran Clashes Reignite Rate Hike Bets, June 11
Gold futures fell 3.6% to $4,133.30 after US-Iran tensions renewed inflation concerns and rate hike bets. Spot gold dropped 4.5% to $4,070.56.
FTSE 100 Edges Up 0.27% as Middle East Tensions Weigh, June 11
FTSE 100 rises 0.27% to 10,254.81 as markets balance deal optimism against US-Iran tensions and 4.2% US inflation. Oil near $91/barrel.
HSBC Falls 3.6% as China Capital Controls Threaten Hong Kong Wealth Business, June 11
HSBC falls 3.6% as China tightens capital controls on Hong Kong offshore accounts, threatening wealth management business and mainland investor flows.
Agrola Closes All Swiss Hydrogen Stations by Year-End, June 10
Agrola closes three Swiss hydrogen stations by end of 2026 due to low demand, reflecting EV dominance in Europe’s clean transport strategy.
JB Sentral Train Services Suspended for RTS Link Work, June 11
JB Sentral train services suspend June 11 for RTS Link construction. Shuttle buses replace rail service between Kempas Baru and JB Sentral.
Dow Falls 1.4% as Iran Tensions Push Oil Above $91, June 11
Dow Jones, S&P 500, and Nasdaq fell as Trump Iran threats boosted oil to $91 and inflation hit 4.2%. Chip stocks led losses.
JD.com-Backed Kai Bo Supermarket Hits 100 Stores, Launches 20% Discount June 11
Kai Bo Supermarket reaches 100 stores in Hong Kong under JD.com ownership with chain-wide 20% discount starting June 11 on all products.
S&P 500 Falls 0.26% as Chip Rally Fizzles, June 11
S&P 500 drops 0.26% to 7,386.65 as chip stocks fade amid AI valuation concerns. Nasdaq falls 0.97%.
Japan’s Housing Loans Face Pressure as Bank of Japan Raises Rates to 1.0%, June 11
Bank of Japan raises rates to 1.0% on June 15. Fixed mortgage rates climb to 3.21%, while variable rates remain vulnerable to future increases.