News

U.S. merchandise imports increased by 3.6% month-on-month in May; merchandise exports fell by 5.4% month-on-month in May.

The initial value of the U.S. merchandise trade deficit in May was US$105.8 billion; market expectations were for a deficit of US$85 billion.

Handelsblatt: The German Finance Minister must use a considerable part of the 9.7 billion euros in reserves to meet fiscal needs in 2027.

Handelsblatt: Sources say Germany's initial budget gap of 21 billion euros has been fully filled.

Market news: Belarus approved an amendment to the agreement with Russia on the development of military-industrial cooperation.

Handelsblatt: Germany’s 2027 federal budget has been finalized.

Ukrainian President Zelensky: Ukraine rescued 160 captured soldiers from Russia.

Brazilian official: It's important that we take economic measures if the U.S. imposes tariffs.

According to RIA Novosti: Former Russian Defense Minister Ivanov died.

German Geoscience Research Center GFZ: A 6.49-magnitude earthquake occurred in Mindanao, Philippines.

The European Stoxx 600 index's decline expanded to 1%, hitting a new intraday low.

Market news: Safran is studying a deal to acquire French maritime drone manufacturer Exail.

JPMorgan Chase: Lowered its forecast for Turkish interest rates at the end of 2026 from 37% to 35%, reflecting the decline in oil prices and the dovish stance adopted by the central bank.

Reuters poll: For the first time since 2023, more economists predict the Federal Reserve will raise interest rates rather than cut them.

Reuters survey: 78 of 102 economists surveyed expect the Federal Reserve to keep the federal funds rate unchanged at 3.50% to 3.75% in 2026. 72 of 102 economists surveyed in early June believed so.

Reuters poll: The median survey shows that the Federal Reserve will keep the federal funds rate at a range of 3.50% to 3.75% until the end of 2027 (while the survey in early June showed one rate cut).

Citigroup: Raised its target price on American Airlines (AAL.O) to $22 from $14.

Source: Tata has reported the incident to the Indian government and customers.

Sources: Apple (AAPL.O) is working closely with Tata Group on short- and long-term measures following the incident.

Sources: Apple (AAPL.O) supplier Tata Electronics has tightened security controls and restricted employee access to internal systems after a data breach.