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Trump Cancels Planned Strike on Iran, Agreement Signing Time and Location to be Announced Soon
On June 12, U.S. President Trump announced on social media: "In light of discussions with the Islamic Republic of Iran that have been submitted to and approved by Iran's Supreme Leadership, I, as President of the United States, have canceled the planned strike and bombing operations against Iran scheduled for tonight. The discussions and final points have been approved by all relevant parties, both in principle and in many details, including the United States, Israel, Saudi Arabia, the UAE, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan, Egypt, and other countries. The maritime blockade will remain fully effective until this agreement is formally implemented—the time and location of the signing will be announced soon." Following this news, data from Bitget shows that the three major U.S. stock indices collectively rose, each increasing by over 1%. Bitcoin briefly surged over 1%, currently priced at $63,167. Spot gold saw a short-term increase of $30, breaking through $4,130 per ounce, up 1.4% for the day. WTI crude oil briefly fell by $1, while Brent crude oil's daily decline expanded to $4, currently priced at $89.74 per barrel, down 4.27%.
On June 12, U.S. President Trump announced on social media: "In light of discussions with the Islamic Republic of Iran that have been submitted to and approved by Iran's Supreme Leadership, I, as President of the United States, have canceled the planned strike and bombing operations against Iran scheduled for tonight. The discussions and final points have been approved by all relevant parties, both in principle and in many details, including the United States, Israel, Saudi Arabia, the UAE, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan, Egypt, and other countries. The maritime blockade will remain fully effective until this agreement is formally implemented—the time and location of the signing will be announced soon." Following this news, data from Bitget shows that the three major U.S. stock indices collectively rose, each increasing by over 1%. Bitcoin briefly surged over 1%, currently priced at $63,167. Spot gold saw a short-term increase of $30, breaking through $4,130 per ounce, up 1.4% for the day. WTI crude oil briefly fell by $1, while Brent crude oil's daily decline expanded to $4, currently priced at $89.74 per barrel, down 4.27%.
Market Pushes Back Fed Rate Hike Expectation to January Next Year
BlockBeats News, June 12th, the market has shifted the Fed's rate hike expectation from December of this year to January of next year, and the possibility of a rate hike this year is no longer fully priced in. (FX168)
BlockBeats News, June 12th, the market has shifted the Fed's rate hike expectation from December of this year to January of next year, and the possibility of a rate hike this year is no longer fully priced in. (FX168)
Following Trump's announcement of canceling the strike on Iran tonight, the three major US stock indexes collectively surged, with Bitcoin experiencing a brief spike of over 1%.
BlockBeats News, June 12th, according to Bitget data, the three major U.S. stock indexes collectively rose more than 1% due to the news of Trump's announcement to cancel the planned strike on Iran tonight. Bitcoin surged over 1% in a short period of time, now trading at $63,167.
Spot gold rose by $30 in a short period, breaking through $1,830 per ounce, with a daily increase of 1.4%. WTI crude oil fell by $1 in the short term, while Brent crude oil saw its intraday decline expand to $4, now trading at $89.74 per barrel, down by 4.27%.
Earlier reports stated that U.S. President Trump said, "I have called off the strike against Iran planned for tonight. The blockade at sea will remain in full effect until the agreement is completed. The time and place of the agreement signing will be announced soon."
BlockBeats News, June 12th, according to Bitget data, the three major U.S. stock indexes collectively rose more than 1% due to the news of Trump's announcement to cancel the planned strike on Iran tonight. Bitcoin surged over 1% in a short period of time, now trading at $63,167.
Spot gold rose by $30 in a short period, breaking through $1,830 per ounce, with a daily increase of 1.4%. WTI crude oil fell by $1 in the short term, while Brent crude oil saw its intraday decline expand to $4, now trading at $89.74 per barrel, down by 4.27%.
Earlier reports stated that U.S. President Trump said, "I have called off the strike against Iran planned for tonight. The blockade at sea will remain in full effect until the agreement is completed. The time and place of the agreement signing will be announced soon."
Federal Reserve Data Shows Increase in U.S. Commercial Paper Size Last Week
On June 12, the Federal Reserve announced that as of the week ending June 10, the size of U.S. commercial paper has increased. In the latest week, seasonally adjusted U.S. outstanding commercial paper rose by $11.4 billion to $1.413 trillion. Meanwhile, the seasonally unadjusted outstanding commercial paper decreased by $6.9 billion to $1.466 trillion. Some analysts believe that the unadjusted data is more reliable than the seasonally adjusted figures, as the latter can be distorted by financial crises. Additionally, the unadjusted outstanding commercial paper from foreign financial institutions fell by $7.2 billion to $356 billion.
On June 12, the Federal Reserve announced that as of the week ending June 10, the size of U.S. commercial paper has increased. In the latest week, seasonally adjusted U.S. outstanding commercial paper rose by $11.4 billion to $1.413 trillion. Meanwhile, the seasonally unadjusted outstanding commercial paper decreased by $6.9 billion to $1.466 trillion. Some analysts believe that the unadjusted data is more reliable than the seasonally adjusted figures, as the latter can be distorted by financial crises. Additionally, the unadjusted outstanding commercial paper from foreign financial institutions fell by $7.2 billion to $356 billion.
Iranian Armed Forces: Will Face Stronger Response If Attacked Again
BlockBeats News, June 12th, the commander of Iran's Islamic Revolutionary Guard Corps' Quds Force stated, "On one hand, the United States talks big about agreements and negotiations, but on the other hand, it takes malicious actions with evil intentions. This clear contradiction between the words and deeds of the United States is the fundamental cause of the region's instability, which has endangered trade security, the international economy, and the security of all countries, especially the safety of the Strait of Hormuz.
We warn that if the United States attempts to attack Iran again, it will face a more severe response than before. The conflict will escalate further and become more widespread, leading to a state of insecurity in the region. In light of the recent U.S. threats to target Iran's oil infrastructure, we now declare: either the oil and gas exports are open to all, or they are closed to everyone." (FXStreet)
BlockBeats News, June 12th, the commander of Iran's Islamic Revolutionary Guard Corps' Quds Force stated, "On one hand, the United States talks big about agreements and negotiations, but on the other hand, it takes malicious actions with evil intentions. This clear contradiction between the words and deeds of the United States is the fundamental cause of the region's instability, which has endangered trade security, the international economy, and the security of all countries, especially the safety of the Strait of Hormuz.
We warn that if the United States attempts to attack Iran again, it will face a more severe response than before. The conflict will escalate further and become more widespread, leading to a state of insecurity in the region. In light of the recent U.S. threats to target Iran's oil infrastructure, we now declare: either the oil and gas exports are open to all, or they are closed to everyone." (FXStreet)
Veteran Short Seller Chanos Claims SpaceX IPO Supported by 'Hope and Dreams', Valuation Hard to Justify
On June 12, veteran short seller James Chanos stated that the highly anticipated IPO of SpaceX is driven more by investor enthusiasm for Elon Musk and artificial intelligence rather than financial fundamentals. He believes it is difficult to justify the company's valuation based on any reasonable business assumptions. The founder of Chanos & Co. remarked that as investors pour money into speculative growth narratives, this deal represents a key test of market sentiment ahead of SpaceX's much-watched IPO. Speaking at the iConnections Global Alts conference in New York, Chanos said, 'We are looking at a $75 billion IPO with a valuation close to $2 trillion, while the company's revenue is $19 billion and free cash flow is negative. This is indeed an IPO supported by hope and dreams.'
On June 12, veteran short seller James Chanos stated that the highly anticipated IPO of SpaceX is driven more by investor enthusiasm for Elon Musk and artificial intelligence rather than financial fundamentals. He believes it is difficult to justify the company's valuation based on any reasonable business assumptions. The founder of Chanos & Co. remarked that as investors pour money into speculative growth narratives, this deal represents a key test of market sentiment ahead of SpaceX's much-watched IPO. Speaking at the iConnections Global Alts conference in New York, Chanos said, 'We are looking at a $75 billion IPO with a valuation close to $2 trillion, while the company's revenue is $19 billion and free cash flow is negative. This is indeed an IPO supported by hope and dreams.'
CME FedWatch: Fed Rate Hike Probability Reaches 69%
BlockBeats News, June 11th, according to CME's "FedWatch" data, the probability of a Fed rate hike this year is 69%, with a 43.4% probability of a 25 basis point hike, a 21.2% probability of a 50 basis point hike, a 4.1% probability of a 75 basis point hike, and a 0.3% probability of a 100 basis point hike.
BlockBeats News, June 11th, according to CME's "FedWatch" data, the probability of a Fed rate hike this year is 69%, with a 43.4% probability of a 25 basis point hike, a 21.2% probability of a 50 basis point hike, a 4.1% probability of a 75 basis point hike, and a 0.3% probability of a 100 basis point hike.
SpaceX IPO Attracts $5 Billion Blackstone Anchor Order
BlockBeats News, June 11th, according to sources, the SpaceX IPO has attracted at least a $5 billion subscription order from Blackstone.
BlockBeats News, June 11th, according to sources, the SpaceX IPO has attracted at least a $5 billion subscription order from Blackstone.
US Stock Market Midday: Space Theme ETF Surges, NASA Up by 7.81%
BlockBeats News, June 11, SpaceX IPO Enters Countdown, U.S. Stock Market Heats Up with Space Concept. According to Bitget data, during the U.S. stock market session, space-themed ETFs performed well, with the Tema Space Innovators ETF (NASA) up 7.81%, the Roundhill Space & Technology ETF (MARS) up 6.26%, and the PROCURE ETF TRUST II SPACE ETF (UFO) up 4.62%.
BlockBeats News, June 11, SpaceX IPO Enters Countdown, U.S. Stock Market Heats Up with Space Concept. According to Bitget data, during the U.S. stock market session, space-themed ETFs performed well, with the Tema Space Innovators ETF (NASA) up 7.81%, the Roundhill Space & Technology ETF (MARS) up 6.26%, and the PROCURE ETF TRUST II SPACE ETF (UFO) up 4.62%.
US Stocks Pull Back; S&P 500 and Nasdaq Turn Negative
On June 11, the S&P 500 and Nasdaq turned negative, while the Dow Jones Industrial Average's gains narrowed to 0.4%.
On June 11, the S&P 500 and Nasdaq turned negative, while the Dow Jones Industrial Average's gains narrowed to 0.4%.