From Yahoo Finance: 2025-06-13 12:58:00

The US dollar strengthened as investors sought safety amid Israel-Iran tensions, with the pound and euro weakening. Stocks in the UK and Europe fell after Israeli strikes on Iran. Concerns over global trade obstacles and tariffs persist. Oil analysts monitor the impact on the Strait of Hormuz. Iran’s economy could suffer from a blockade.

The US dollar rose 0.3pc due to the Israel-Iran conflict. Investors turned to the dollar as a safe haven asset, reversing its recent downward trend. Wall Street indexes dropped after Israel’s strikes on Iran, impacting global markets. Defense and energy firms see gains on the London Stock Exchange, anticipating increased profits from Middle East tensions. Airlines’ shares plummeted, with BAE Systems rising 3.3% and British Airways’ owner IAG falling 4.5%. Harbour Energy jumped 5.4%, but Wizz Air lost 6.3%. Brent crude surged 13.2%, currently up 6.9%, impacting market stability.

Gold nears record high as US Treasury bond yields rise to 4.37%. Investors favor gold over bonds amid Israel-Iran conflict. US Treasuries fail to provide safe haven amid geopolitical uncertainty. Bond yields typically fall during market upheaval, but not this time.

JP Morgan warns of oil crisis spreading globally, with 17% chance of worst-case scenario following Israel’s attacks on Iran. Oil prices surged after the attacks, reaching $78. Investors fear trade disruption through the Strait of Hormuz.

Wall Street indexes open lower post-Israel strikes on Iran. Dow Jones falls 0.9%, S&P 500 down 0.7%, Nasdaq Composite drops 1.1%. Market reactions to geopolitical tensions evident in global stocks.

OPEC sees no need for measures to boost crude supply post-Israel attacks on Iran. IEA monitors oil market impact, ready to act if needed. OPEC criticizes IEA for raising false alarms and projecting market fear. European stocks decline post-Iran attacks.

US government borrowing costs initially fall as investors seek safety. Focus shifts to inflationary impact of oil as day progresses. US 10-year Treasury yields rise to 4.38% amid market uncertainty. Oil prices continue to influence market movements. Bond yields are moving inversely to prices, with experts warning of a potential rise in long-term inflation expectations due to oil price increases, tariffs, and attacks on the Fed’s independence.

Oil prices are expected to rise, but concerns arise over potential effects on global trade routes, particularly the Strait of Hormuz, through which a significant portion of oil consumption passes.

Donald Trump threatens Iran over its nuclear program, warning of further attacks if a deal is not made. Israel retaliates, hitting numerous targets in Iran, causing stock indexes to fall and oil prices to rise.

US stock indexes drop sharply in premarket trading following Israel’s strikes on Iran, causing oil prices to surge over 7%. Airline stocks decline due to fears of increased fuel costs as tensions rise in the Middle East.

London shares fall as Israel’s attacks on Iran heighten geopolitical tensions, leading to concerns about inflation due to rising oil prices. The FTSE 250 suffers its biggest drop since April, with Energean suspending production off the coast of Israel. 1. The FDA has approved a new drug for the treatment of Alzheimer’s disease, the first of its kind in nearly 20 years. The drug, Aduhelm, has shown promise in slowing the progression of the disease in clinical trials.

2. The G7 leaders have reached an agreement on a global minimum tax rate for multinational corporations. The deal aims to prevent companies from shifting profits to low-tax countries and could generate billions in additional revenue for governments around the world.

3. The Tokyo Olympics will proceed without international spectators due to concerns over the ongoing pandemic. The decision comes as Japan continues to struggle with rising COVID-19 cases and slow vaccine rollout.

4. Amazon founder Jeff Bezos is set to step down as CEO later this year, with Andy Jassy, the current head of Amazon Web Services, taking over. Bezos will transition to the role of Executive Chairman and focus on new initiatives for the company.

5. NASA’s Perseverance rover has successfully collected its first rock sample on Mars. The sample, which will be analyzed for signs of ancient microbial life, marks a major milestone in the mission to search for evidence of past life on the Red Planet. 1. The stock market reached new highs today, with the Dow Jones Industrial Average closing at a record high of 30,000 points. This milestone comes as investors express optimism about a potential COVID-19 vaccine and a smooth transition of power in the White House.

2. In international news, tensions are rising between Iran and Israel after the assassination of a top Iranian nuclear scientist. Iran has accused Israel of masterminding the attack, while Israel has remained silent on the matter. The incident has raised concerns about escalating conflicts in the region.

3. Climate change continues to be a pressing issue, with 2020 being one of the hottest years on record. Scientists have warned that the current pace of global warming is unsustainable and will have disastrous consequences for the planet. Calls for action to reduce carbon emissions have intensified.

4. The holiday shopping season is in full swing, with online sales expected to reach new heights this year. As consumers opt for contactless shopping amid the pandemic, e-commerce giants like Amazon are seeing record-breaking sales. Retailers are bracing for a surge in online orders and deliveries. 1. The United Nations Security Council held an emergency meeting to discuss the escalating conflict between Russia and Ukraine. Both countries accused each other of violating international law, raising concerns about a potential full-scale war in the region.

2. Scientists have discovered a new species of dinosaur in Argentina. The fossilized remains of the “Llukalkan aliocranianus” were found in Patagonia, revealing a predator with sharp teeth and a large skull. This discovery sheds light on the diversity of dinosaurs in the Cretaceous period.

3. The World Health Organization announced that the global COVID-19 death toll has surpassed 5 million. The organization emphasized the importance of continued vaccination efforts and public health measures to control the spread of the virus and prevent further loss of life.

4. Tesla CEO Elon Musk has become the first person to surpass $300 billion in net worth. The electric car company’s soaring stock prices have propelled Musk to the top spot on the Bloomberg Billionaires Index, solidifying his position as one of the world’s wealthiest individuals.

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