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• The May PCE price index rose 4.1% annually, the highest since April 2023, and 0.4% on the month, with the annual reading in line with consensus while the monthly figure came in 0.1 percentage point below estimates.
• US durable goods orders fell 4.5% to $332 billion in May, the steepest monthly decline since June 2025, driven by a 51.8% collapse in nondefense aircraft and parts orders that pulled the transport equipment category down 14.0%.
• Initial jobless claims fell 12,000 to 215,000 in the week ending June 20, the lowest in four weeks and well below the 225,000 consensus, while continuing claims rose 21,000 to 1,821,000, the highest in three months.
• US Q1 2026 GDP growth was revised up to 2.1% annualised from 1.6% in the second estimate, with the net trade contribution improving materially as imports growth was revised down sharply to 11.8% from 21.1%.
• Strategy Inc. (NASDAQ: MSTR) closed at $94.13 on Wednesday, down roughly 9.35%, hitting a 23-month low and approaching its 52-week low of $92.28 as Bitcoin fell below $60,000 and capital structure concerns drove volume to more than twice the daily average.
• The May PCE price index releases Thursday as the first major inflation data since the Fed's fourth consecutive hold at 3.50%-3.75%, with April's headline PCE at 3.8% year on year remaining well above the 2% target.
• EUR/USD traded at $1.14, up a modest 0.10% on the day, but under sustained pressure after breaking below a key technical support zone as the dollar index reached a 13-month high.
• Bitcoin fell below $60,000 on Wednesday, its lowest level in 20 months, declining roughly 10% over the prior week and nearly 23% over the past month before recovering modestly to $61,641.38.
The US Senate's vote to limit the President's war powers in the Iran conflict marks a significant escalation of regulatory pressure on the administration. The move is seen as a response to growing concerns about the President's handling of the conflict, and the need …
The recent incident of Israeli gunfire killing civilians in Lebanon has raised concerns over the fragile ceasefire agreement, potentially destabilizing the region. This development may lead to increased tensions between Lebanon and Israel, affecting the overall stability. The situation is being closely monitored by …
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