Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
RBA Minutes Signal Australia Central Bank Remains Ready to Raise Interest Rates if Inflation Persists 
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists 
Global Financial Firms Shift Asia Expansion Focus to South Korea as China, India Face Caution 
Gold Prices Drop as Fed Rate Outlook and Iran Tensions Weigh on Market 
China Factory PMI Seen Returning to Growth in June as AI Export Demand Supports Economy 
Oil Prices Slip as U.S.-Iran Peace Talks and Strait of Hormuz Risks Keep Markets on Edge 
Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
Yen Falls to 40-Year Low as Markets Watch Japan Intervention and U.S. Jobs Report 
Oil Prices Rise as US-Iran Tensions Threaten Strait of Hormuz Oil Shipments 
Gold Price Hits Annual Low as Fed Rate Hike Bets and Sticky Inflation Weigh on Bullion 
China Manufacturing PMI Edges Higher in June as Exports and AI Investment Boost Growth 
World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
U.S. stock index futures declined Monday evening after Iran officially denied engaging in any diplomatic discussions with Washington, contradicting earlier statements from President Donald Trump that suggested progress toward a de-escalation of the ongoing Middle East conflict now entering its fourth week.
S&P 500 futures dropped 0.3% to 6,614.75, while Nasdaq 100 and Dow Jones futures each fell 0.3% to 24,335.75 and 46,378.0 points respectively, reversing a strong Wall Street session that had seen major indices gain over 1%.
The initial rally was fueled by Trump's announcement that he had postponed a threatened strike on Iran's electricity grid, referencing what he described as "very good and productive conversations" with Tehran. Markets responded positively, interpreting the delay as a potential breakthrough in a conflict that has weighed heavily on investor sentiment for weeks.
However, Iranian officials quickly pushed back. The Speaker of Iran's Parliament denied any such dialogue had occurred, and senior military figure Mohsen Rezaee Miragha'ed signaled through state media that military operations would press on. The contradictory statements left investors uncertain about the true state of U.S.-Iran relations.
Adding further complexity, reports indicated that certain Asian and Gulf nations had been quietly facilitating backchannel communications between the two governments, though direct talks remain unconfirmed. Strikes between Iran and neighboring Gulf states continued throughout Monday evening, offering little indication of a near-term ceasefire.
Oil prices, which had plunged more than 10% earlier in the session on hopes of resolution, rebounded sharply following Iran's denial. Iran's closure of the Strait of Hormuz has triggered significant global energy disruptions, stoking inflation fears across financial markets. Investors are increasingly concerned that sustained oil-driven inflation could push central banks worldwide toward a more aggressive monetary tightening stance in the months ahead.
