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 06:40 ETIndia's wholesale price inflation accelerated further in May, largely driven by higher costs for crude oil caused by the impact of the Middle East war. The wholesale price index climbed 9.68 percent year-over-year in May, faster than the 8.26 percent rise in April, according to the revised series of WPI with a new base year 2022-23.
June 15, 2026 06:48 ETGlobal markets rallied as the U.S. and Iran agreed to a preliminary peace deal to end the fighting and to restore shipping through the Strait of Hormuz.
June 15, 2026 05:35 ETGold prices rose sharply to hover near a one-week high on Monday after U.S. President Donald Trump announced a tentative peace deal with Iran, helping ease investor concerns about inflationary pressures and lessening the need for interest-rate hikes. Signing ceremony is set for Friday in Switzerland...