June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.
June 16, 2026 06:09 ETThe Bank of Japan decided to raise its benchmark interest rate by a quarter-point to its highest level in 31 years, and to halt government bond purchase reductions next year. The policy board of BoJ voted 7-1 to raise the interest rate to 1.00 percent from 0.75 percent. The board signaled its commitment to further monetary policy tightening to support its price stability target.
June 16, 2026 07:54 ETDespite the optimism surrounding US-Iran peace agreement, the Canadian market is likely to see cautious moves by investors on Tuesday, tracking weak crude oil prices and largely subdued bullion movements. Also, the focus will be on the Federal Reserve's monetary policy announcement, due on Wednesday.
June 16, 2026 06:03 ETGold traded higher on Tuesday, extending its recovery from a six-month low as falling oil prices helped ease worries about inflation and the outlook for interest rates. Spot gold jumped 0.8 percent to $4,342.37 an ounce, while U.S. gold futures were up 0.3 percent at $4,364.51. Brent crude futures...
June 16, 2026 07:12 ETCryptocurrencies added to gains early on Tuesday but on a distinctly cautious note that reflected both anxieties ahead of the Federal Open Markets Committee on Wednesday as well as profit booking. Lack of clarity on the terms of the U.S.-Iran agreement also mellowed the relief rally.