Finance

Investors are focused on the first policy meeting led by the new Federal Reserve Chair, Kevin Warsh, with an interest rate announcement scheduled for June 17, 2026. While markets largely expect rates to remain steady between 3.50% and 3.75%, concerns regarding persistent inflation have led some economists to forecast potential rate hikes later in the year.

SpaceX shares surged 4.8% to reach an all-time high, briefly pushing the company's market capitalization above that of Microsoft and Amazon. The rally was fueled by the announcement of a $60 billion deal to acquire the AI coding startup Cursor from its parent company, Anysphere.

Crude oil benchmarks fell sharply, with Brent crude dropping below $80 per barrel for the first time since March. The decline follows a tentative agreement between the U.S. and Iran to reopen the Strait of Hormuz, significantly reducing the geopolitical risk premium that had previously bolstered energy prices.