Street

• Wall Street analysts have updated their full-year financial models following the conclusion of the Q1 2026 earnings season. • Institutional conviction in June is shifting toward defensive cash-flow compounders and a property-and-casualty insurer. • This trend highlights a strategic move toward stability and companies benefiting from a multi-quarter underwriting recovery.

• Wall Street experienced mixed trading as AI-related stocks, including a surging Micron, offset losses from Apple following the company's decision to hike product prices. • New economic data revealed that U.S. consumer inflation accelerated to 4.1% last month, up from 3.8% in April, driven largely by earlier spikes in oil prices. • Despite the increase, the inflation figure aligned with economist expectations, preventing a broader market sell-off.

• Federal Reserve Chair Kevin Warsh is addressing a complex economic narrative as U.S. inflation reaches a three-year high due to energy supply disruptions caused by the Iran war. • The Cleveland Fed's proprietary forecasting tool predicts a modest decline in overall prices for June, offering a glimmer of optimism for Wall Street. • Despite the projected dip, the situation remains precarious because a key inflationary indicator used by the central bank continues to stay stubbornly high.

• Indian markets are preparing for the June 25 session following mixed institutional activity, with FIIs selling ₹1,843.40 crore and DIIs buying ₹3,637 crore on Wednesday. • Global sentiment is bolstered by strong quarterly earnings from chipmakers Micron and Qualcomm, easing concerns regarding the sustainability of the AI-driven stock rally. • Asian markets showed varied performance, with South Korea's KOSPI surging 5% and Japan's Nikkei advancing 4%, while Hong Kong's Hang Seng declined 1.5%.

• The Nasdaq and S&P 500 declined on June 24, 2026, following a volatile trading session characterized by a downturn in technology stocks. • Investors are closely monitoring the upcoming after-hours earnings report from memory-chip manufacturer Micron to gauge the current state of AI demand. • This event is critical as the market seeks clarity on whether the AI-driven growth trend remains sustainable amidst recent tech sector instability.

• The S&P 500 has already risen 9% in 2026, with Wall Street analysts predicting further growth for U.S. stocks in the second half of the year. • Consensus estimates project a full-year revenue increase of 11%, marking the fastest growth since 2022, and an earnings surge of 23%, the fastest since 2021. • This optimistic outlook is driven by expectations of strong financial results from S&P 500 companies across the remaining quarters.

• Dow futures rose on June 25, 2026, driven by an AI-focused rally sparked by Micron. • S&P Dow Jones Indices announced that Alphabet (GOOG) will replace Verizon (VZ) in the Dow Jones Industrial Average before the market opens on June 29. • This change aims to broaden the index's exposure to high-growth sectors, including cloud computing, AI, and autonomous vehicles.

• GIFT Nifty rose on Wednesday morning, signaling a positive opening for the Indian benchmark indices, the Sensex and Nifty. • The upward trend persists despite a global sell-off in technology stocks and market concerns regarding a potentially hawkish stance from the US Federal Reserve. • Lower crude oil prices are acting as a key support factor, helping to offset the negative influence of Wall Street's volatility.

• Global stock markets are experiencing a significant downturn driven by a sell-off in artificial intelligence (AI) stocks. • The impact is particularly severe in Asia, where the South Korean market has plunged by 10 percent. • This volatility marks a return of investor anxiety regarding the valuation and sustainability of the AI-driven market rally.

• Global stock markets experienced a sharp decline on Tuesday, driven by a widespread sell-off in AI-related assets. • South Korea's Kospi index plummeted 10%, triggering a circuit breaker that halted trading for a 20-minute cooling-off period. • The volatility spread to Wall Street, resulting in the S&P 500 and Nasdaq recording their worst single-day performances in approximately two weeks.

• US stock futures, including the S&P 500 and Nasdaq, plunged as much as 2.5% on Tuesday following a massive sell-off in technology shares. • The downturn was triggered by a sharp 10% crash in South Korea's benchmark Kospi index, signaling a contagion of selling pressure across Asian and US markets. • This volatility raises critical concerns regarding the sustainability of the recent AI-driven rally that had previously pushed tech valuations higher.

• Global technology stocks and major indices experienced a significant downturn following a sharp selloff in Korean chipmakers. • The decline was triggered by reports that SK Hynix is slowing its AI chip expansion, leading to notable losses for industry giants like Nvidia and Micron. • This market rout is causing investors to reassess the sustainability of the AI-driven surge and question current valuations for AI infrastructure.

• Global stock markets, from Wall Street to Asia, are experiencing a sell-off as investors begin to question the soaring valuations of AI-driven companies. • Despite the current dip, major US indices have seen significant growth this year, with the Nasdaq up 10%, the S&P 500 up 7.3%, and the Dow jumping 6% to surpass 51,000 points. • The volatility is driven by concerns over massive spending on AI infrastructure, with some economists warning that the current trend mirrors the dot-com bubble of the early 2000s.

• US stock market futures for the S&P 500, Nasdaq, and Dow Jones are falling as AI-related fears trigger a global sell-off in technology stocks. • The decline is exacerbated by high borrowing levels among investors, which increases market volatility and accelerates selling pressure during downturns. • This tech-driven slump has overshadowed positive geopolitical news, including easing tensions involving Iran, which investors are largely ignoring.

• US stock markets traded near record highs on Monday, driven by positive investor sentiment and easing oil prices. • Market optimism was fueled by hopes for progress in diplomatic talks between the US and Iran. • Despite the gains, rising Treasury yields indicated ongoing investor concerns regarding inflation and future interest rate hikes.

Front pages across the continent reflect on Britain’s political turmoil after Starmer becomes seventh prime minister to quit since 2016Europe live – latest updatesIn Germany, Downing Street was likened to a transit station, given the regular comings and goings of different prime ministers and staff. Meanwhile, a bemused Spanish newspaper concluded No 10 seemed to have been fitted with a revolving door.As news outlets across Europe digested the implications of Keir Starmer’s precipitous fall from landslide election winner to ousted prime minister, many also focused on a wider reality – Britain’s once much vaunted political stability was a thing of the past. Continue reading...

• Gold prices showed mixed movement as a strengthening U.S. dollar was countered by optimism surrounding U.S.-Iran peace talks. • Tata Electronics in India suffered a cyber breach that reportedly exposed trade secrets belonging to major tech firms Apple and Tesla. • The report reflects on the legacy of former Fed Chairman Alan Greenspan, noting his influence on global central banking and the controversy surrounding the "Greenspan put."

• U.S. and Iranian officials are continuing diplomatic talks in Switzerland, although reports from Iranian media suggest a potential walkout. • Morgan Stanley warns that gold may struggle to reach $5,200 as hawkish Federal Reserve policies reduce demand for gold ETFs. • A Wall Street Journal report highlights that U.S. sanctions are failing to effectively curb evasion tactics used by Iran, Russia, and North Korea.

• Nvidia launched its first bond issuance in five years, aiming to raise $20 billion to fund the development of advanced AI processors. • Investor demand far exceeded expectations, reaching $85 billion and significantly surpassing the company's initial fundraising goal. • The surge in interest is driven by the "red hot" demand for Nvidia's chips, which are essential for tech companies building and running complex AI models.

One Labour MP said there are about 200 who are prepared – if necessary – to sign Burnham’s nomination papersUK politics – live updatesHow quickly could Burnham become PM?Allies of Andy Burnham and Wes Streeting will ask cabinet ministers, friends and Labour grandees to persuade Keir Starmer over the weekend not to fight a leadership challenge.Burnham, who won a compelling majority in the Makerfield byelection overnight, is expected to travel to London on Monday to meet MPs in the expectation of becoming prime minister within weeks. Continue reading...

• US stocks rebounded on Thursday, with the S&P 500 and Nasdaq both rising over 1% to recover losses from the previous session. • The market surge was driven by falling oil prices and easing Treasury yields, which significantly boosted investor sentiment. • This recovery follows a US-Iran agreement to end hostilities and reopen the Strait of Hormuz, reducing geopolitical tensions.

• Ghana secured a stunning victory against Panama in their second World Cup match held in Toronto, sparking widespread celebrations among fans in the city streets. • Canada is preparing for its upcoming match against Qatar on Thursday, June 19, 2026, in Vancouver. • Key player Alphonso Davies has been confirmed available for selection following a training session on Tuesday, June 16.

Exclusive: Ex-minister accuses Labour of ‘overcautiousness’ and says his proposal was cut from manifestoWes Streeting has said his plan to ban “private equity sharks” from the social care sector was removed from the Labour manifesto, as he accused the government of “overcautiousness” in reforming the industry.In a Fabian Society report on how to create a national care service, Streeting said overhauling social care was “one of the defining challenges of our age” but an “absence of good political leadership” was holding back change. Continue reading...

• US stocks traded within a narrow range on Wednesday as investors remained cautious ahead of the Federal Reserve's upcoming policy decision. • Oil prices remained below $80 per barrel, driven by market optimism regarding a potential peace agreement between the US and Iran. • The stability in the market reflects a balancing act between anticipation of interest rate changes and geopolitical hopes for stability in the Middle East.

Former health secretary calls on Keir Starmer to step down to end ‘uncertainty and paralysis’Wes Streeting has said he would be prepared to challenge Keir Starmer and spark a Labour leadership contest as early as next week.The former health secretary, who quit the cabinet last month, said “uncertainty and paralysis” would have to be ended and that he would give the prime minister at least the weekend to think about it. Continue reading...

• Nvidia has officially joined other major tech firms in tapping Wall Street for funding to capitalize on the artificial intelligence boom. • The move allows Nvidia to leverage the massive market demand for AI infrastructure that its own hardware and software have helped catalyze. • This strategic financial shift is significant as it signals a broader trend of AI leaders securing capital to scale operations and maintain market dominance.

• 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. • This diplomatic breakthrough is significant as it aims to stabilize global energy shipping routes and reduce geopolitical tensions in the Middle East.