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Trump slammed Iran for not reaching a quick peace deal with the US after a night of attacks that have strained a fragile two-month truce. “They’ve taken too long to negotiate a deal that would have been great for them, now they will have to pay the price,” Trump wrote on Truth Social
Trump still thinks a peace deal with Iran is on the horizon, even as the United States launched retaliatory strikes on Iran Tuesday evening, a senior White House official said Tuesday. Politico
It would be "unwise" to assume that the situation in the Strait of Hormuz will return to how it was before the Iran war, the head of French shipping group CMA CGM said on Tuesday. CMA CGM, the world's third-largest container line, is among firms with vessels stranded inside the Gulf since the start of the conflict that has virtually closed the waterway, which carries a fifth of global oil and LNG supply. RTRS
US House passes USD 70bln immigration enforcement funding bill.
US Agriculture Secretary Rollins said the first US calf with screwworm is healthy and recovering, while she said they will start eradicating screwworm in a couple of months.
China’s consumer inflation unexpectedly stalled in May even as factory prices gained at the fastest pace in almost four years. BBG
China’s factory-gate inflation accelerated in May as the ongoing conflict in the Middle East continued to drive up energy and commodity costs. The producer-price index jumped 3.9% from a year earlier in May, accelerating from a 2.8% increase in April, according to data released Wednesday by the National Bureau of Statistics. WSJ
Japan’s corporate goods prices jumped again in May, signaling strengthening inflationary pressures rippling across domestic supply chains as the war in Iran drags on and keeps energy prices elevated. BBG
Governments have raised a record $504 billion through syndicated bond sales in the first half so far, surpassing even pandemic-era borrowing as deficits widen and spending climbs. BBG [Idiots]
US markets are close to ending more than two decades of declining equity supply as a trio of mega initial public offerings brings a flood of new shares. FT
We expect a 0.17% increase in May core CPI (vs. +0.3% consensus), corresponding to a year-over-year rate of +2.79% (vs. +2.9% consensus). We expect a 0.45% increase in headline CPI (vs. +0.5% consensus), reflecting sharply higher energy prices. Our forecast is consistent with a 0.27% increase in core PCE in May, reflecting a large increase in its financial services component. GIR
SK Hynix plans to list its shares in the U.S. as soon as August, said two sources familiar with the matter, as the South Korean memory chipmaker seeks to capitalize on strong appetite for AI-linked stocks and broaden its investor base. RTRS
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