What are the main events for today?

• Markets are currently rallying following the conclusion of a war, though investors are monitoring whether a shift from a supply shock to a demand shock will sustain high inflation. • The Federal Reserve may be forced to implement rate hikes if economic activity strengthens significantly, presenting a potential "tail risk" for global markets.

• Central banks are expected to dominate the global economic agenda this coming week, overshadowing news regarding AI and Iran. • Key US economic indicators will be under scrutiny, with a primary focus on the release of May retail sales data.

• U.S. stocks rallied on Monday, June 15, 2026, following President Donald Trump's announcement that an agreement to end hostilities with Iran is now complete. • The deal includes a formal signing ceremony scheduled for this Friday in Switzerland and the strategic reopening of the Strait of Hormuz.

• Power Grid has been named the successful bidder for a critical power transmission project located in Andhra Pradesh, making its stock a key focus for investors. • Aurobindo Pharma's Telangana manufacturing facility, Eugia Pharma Specialities, received an 'Official Action Indicated' (OAI) classification following a US FDA inspection.

• DealStreetAsia and DFIN have released an M&A report for Q1 2026, providing an overview of mergers and acquisitions activity. • The report highlights that the current investment landscape is being shaped by a period of significant global tension and instability.

• Indian equities saw a sharp rally, with the Sensex and Nifty both gaining nearly 1% due to improved investor sentiment. • The surge was driven by an interim US-Iran peace framework that eased geopolitical tensions and subsequently pushed global oil prices lower.

• Financial markets in India and Indonesia have experienced a "turbocharged relief rally" following the implementation of radical intervention measures. • These measures were designed to defend domestic financial stability and buy time for the emergence of a peace deal.

• Asian investors are shifting away from a narrow focus on U.S. and Chinese markets to adopt a more diversified global investment strategy. • South Korea and Taiwan remain critical hubs for those tracking the AI sector beyond the reach of U.S. mega-cap stocks.

• India's statistics ministry has established a high-powered experts committee to examine and strengthen labour market data metrics. • The panel is tasked with reviewing current measurement issues to better reflect the evolving nature of the national workforce.

• Goldman Sachs has lowered its forecast for India's 2026 Current Account Deficit (CAD) to 1.3% of GDP. • The revision is driven by India's reduced vulnerability to crude oil price hikes, attributed to lower oil intensity and improved energy efficiency.

• Indian equity markets are bracing for a volatile week as investors focus on May WPI inflation data, crude oil price fluctuations, and the US Federal Reserve's upcoming interest rate decision. • Market sentiment is heavily tied to a potential US-Iran agreement, with President Donald Trump suggesting a deal to end the war and reopen the Strait of Hormuz could be signed Sunday.