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 15, 2026 10:32 ETHomebuilder confidence has seen a modest deterioration in the month of June, according to a report released by the National Association of Home Builders on Monday. The report said the NAHB/Wells Fargo Housing Market Index dipped to 35 in June after jumping to 37 in May. Economists had expected the index to edge down to 36.
June 15, 2026 22:51 ETAsian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, after US President Donald Trump announced that the US and Iran have reached a preliminary peace agreement to end the Middle East war, a move that could lead to the reopening of the Strait of Hormuz. Asian markets closed mostly higher on Monday.
June 15, 2026 14:38 ETAfter ending last Friday with two consecutive sessions of losses, on Monday crude oil prices have gone for a tailspin after the U.S. and Iran announced reaching an agreement to discuss ways to end their mutual conflict. The framework allows immediate resumption of free flow of oil and energy trade via the Strait of Hormuz.
June 15, 2026 08:21 ETCrypto markets extended gains as the interim peace deal between the U.S. and Iran eased global risk aversion, triggered short squeeze and boosted overall market sentiment.