Live Q&A: What US Strikes on Iran Mean For Markets, Oil, Geopolitics
After US strikes on Iranian nuclear sites over the weekend, international tensions are high and markets are bracing for a possible tumultuous week ahead. To discuss the latest developments and answer your questions, Bloomberg's Joumanna Bercetche speaks with Will Kennedy, Rosalind Mathieson and Jonathan Tirone in a Live Q&A on Monday, June 23 at 9am EDT. Bloomberg digital subscribers and Terminal clients have the exclusive opportunity to ask our team questions in real-time. This conversation will be recorded and be made available to listen and share.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
10 minutes ago
Global shares are mostly higher after US stocks rise to the brink of a record
MANILA, Philippines -- Global shares were mostly higher on Friday as the week was winding down with the Israel-Iran ceasefire still in place and signs of progress on a China-U.S. trade deal. Investors were watching for further details after President Donald Trump said the U.S. and China had signed a trade deal. Commerce Secretary Howard Lutnick said in an interview on Bloomberg TV that the deal was signed two days ago, but did not elaborate, saying 'The president likes to close these deals himself.' China's Commerce Ministry said Friday that the two sides had 'further confirmed the details of the framework' for their trade talks. But its statement did not explicit mention an agreement to ensure U.S. access to rare earths, materials used in high-tech applications that have been at the center of negotiations. 'China will approve the export applications of controlled items that meet the conditions in accordance with the law. The United States will cancel a series of restrictive measures taken against China accordingly. It is hoped that the United States and China will meet each other halfway,' the ministry said in a statement. In early European trading, Germany's DAX added 0.8% to 23,847.16. In Paris, the CAC 40 surged 1.3% to 7,656.55. Britain's FTSE 100 gained 0.5% to 8,779.78. The futures for the S&P 500 and the Dow Jones Industrial Average were up 0.2%. Markets have settled somewhat after the upheavals of the Israel-Iran war and its aftermath. Worries about Trump's higher tariffs have receded since the president shocked the world in April with stiff proposed levies, but they have not disappeared. The wait is still on to see how big the tariffs will ultimately be, how much they will hurt the economy and how much they will push up inflation. Hong Kong's Hang Seng index lost 0.2% to 24,284.15, while the Shanghai Composite index gave up 0.7% to 3,424.23 after China reported that industrial profits slid 9.1% in May, the sharpest drop since last October. 'Beijing may have paused the worst of the trade fight with Washington, but the tariff scars are showing—and unless demand picks up or pricing stabilizes, the pressure on margins and business sentiment will linger,' Stephen Innes, Managing Partner at SPI Asset Management, said in a commentary. Tokyo's Nikkei 225 index gained 1.4% to 40,150.79, as the government reported that consumer prices eased slightly in May. South Korea's KOSPI Composite Index fell 0.8% to 3,055.94, while Australia's S&P/ASX 200 shed 0.4% at 8,514.20. On Thursday, the S&P 500 climbed 0.8% and at 6,141.02 was sitting just 0.05% below its all-time closing high set in February. The index at the heart of many 401(k) accounts had dropped roughly 20% below its record during the spring on worries about Trump's tariffs. The Dow Jones Industrial Average rallied 0.9% and the Nasdaq composite gained 1%. Reports on Thursday added to evidence the U.S. economy is holding up despite higher tariffs and other challenges, though it has slowed. Orders for washing machines and other manufactured goods that last at least three years grew by more last month than economists expected. Another report said fewer U.S. workers filed for unemployment benefits last week, a potential signal of fewer layoffs. A third report said the U.S. economy shrank by more during the first three months of 2025 than earlier estimated. But many economists say those numbers were distorted by a surge in imports as companies tried to get ahead of tariffs. They're expecting a better performance in upcoming months. In other dealings on Friday, the U.S. benchmark crude gained 46 cents to $65.70 per barrel. Brent crude, the international standard, added 41 cents to $67.10 per barrel.
Yahoo
19 minutes ago
- Yahoo
Karoline Leavitt's ‘Have To Save Face' Jab Instantly Backfires
Critics mockingly declared the Trump White House an irony-free zone on Thursday following talk of totalitarian regime tactics by press secretary Karoline Leavitt. Leavitt was asked during a briefing to respond to remarks from Iran's Supreme Leader Ayatollah Ali Khamenei, who in his first comments since the U.S. bombing of Iranian nuclear facilities and the announcement of a ceasefire with Israel had defiantly declared that Iran would 'never surrender' to the United States. 'Look, we saw the Ayatollah's video, and when you have a totalitarian regime, you have to save face,' Leavitt replied. 'I think any commonsense, open-minded person knows the truth about the precision strikes on Saturday night. They were wildly successful,' she added, despite ongoing debate over the actual claimed effectiveness in destroying Iran's capabilities to build nuclear weapons. The 'totalitarian regime' having to 'save face' line was too ironic for many critics online: Dem Sen. Patty Murray Trolls Trump With Hilariously Brutal Taste Of His Own Medicine Dr. Oz's 'Completely Incoherent' Credit Card Flub Has Critics Saying, What?!? 'Doesn't Take An Einstein': Jasmine Crockett Hits Trump With Sharp Melania Swipe
CNBC
26 minutes ago
- CNBC
Sterling keeps climbing on struggling dollar
The pound was set for its biggest weekly gain against the dollar in nearly four months on Friday and held close to its near four-year high hit the previous day, though that was more due to dollar weakness than sterling strength. The pound was last up 0.14% on the dollar at $1.13745, just off Thursday's top of $1.37701, the highest since late 2021. It was broadly steady on the euro, at 85.24 pence, underlining the fact that the move in the pound against the dollar - referred to as cable by financial markets - has much more to do with the dollar. "The gains in cable reflect mostly this year's weakness in the dollar and the strength of the euro, which has dragged the pound higher due to the limited parameters of the EUR/GBP trading range," Rabobank analysts said in a note. The pound has gained 2.2% against the dollar this week, its most since early March, as the greenback's short-lived gains during the Israel-Iran conflict fade. The main domestic support for the pound this year has come from the Bank of England being slower to cut interest rates than peers, particularly the European Central Bank, as inflation remains sticky. "Core inflation in the UK has basically stopped moving for the past year - hard to say why. BoE officials are quite concerned. That makes it difficult to cut rates and also the economic outlook is not improving," Michael Pfister, FX analyst at Commerzbank, said. Analysts also said they were watching this week's political drama given what Rabobank described as "the overhang of a very large debt/GDP ratio and a UK current account deficit." Prime Minister Keir Starmer this week sharply scaled back planned welfare cuts after more than 100 of his Labour Party lawmakers publicly opposed the reforms, which sought to shave 5 billion pounds ($6.9 billion) per year off a rapidly rising welfare bill.
