Wolf Money(world market review 15-21 Jun 2026)
Market Summary 15-21 Jun 2026
*USA*
-Fed left rates unchanged at 3.5% to 3.75% and removed previously projected 2026 rate cut from dot plot; about half of policymakers now see at least one rate hike this year
-Fed FOMC sees interest rate at 3.6%-4.1% range in 2026
+ Fed is not yet signalling the start of a renewed tightening cycle
± Fed new chair Warsh outlined slew of task forces being set up to look at current practices, to drop issuance of forward guidance in future, to ensure price stability
+ US retails sales up 0.9% MoM in May vs consensus of 0.6% forecast
+ US dollar Index rose 0.7% to 100.79 and reached 100.8, highest since May 2025
+ US initial claims for state unemployment benefits down 4000 to 226,000 for wk ended Jun 13
+ US equity funds drew net US$38.37bn in their strongest week since Nov 2024, tech sector funds gaining record US$21.46bn; foreigners bought estimated US$103bn of US long-term securities in Apr, boosting their holdings by US$4bn
+ US large banks make final push on capital rule changes, aimed at reducing funds they must set aside to absorb potential losses
+ US pending home sales surged 3.8% MoM in May , steepest monthly increase since Sept 2024
+ US-Iran had signed MOU, clearing path toward reopening of Straits of Hormuz
+ US World Cup could prove temporary boost to employment, consume spending and inflation over coming mths, largest effect expected to appear in Jun: Goldman Sachs
± SpaceX bankers preparing to meet investors to discuss a bond offering of at least US$20bn for capital-intensive AI expansion
+ Apple to partner with Intel on US chip design, production: Trump
+ US and India close to trade deal: Trump
-BHP, world’s largest listed miner’s share slipped most in > a year, after flagged cost overruns and US$2.3bn charge linked to Canadian potash project
*CHINA*
+ China ministry urged for more thorough analysis of economic conditions beyond surface-level data
+ China released country’s 15th five-year plan for employment strategy, to maintain job market stability
+ China’s surveyed urban jobless rate edged lower to 5.1% in May, lowest reading since Dec 2025
+ China’s industrial production rose 4.5% YoY in May, supported by manufacturing activity and external demand
+ China’s value-added industrial output increased by 5.4%% YoY in first 5 mths
+ Chinese scientists achieved independent mass production of high-purity silicon-28 with an isotopic abundance exceeding 99.99%
-China’s retail sales fell 0.6%, marking first YoY decline since late 2022
+ China expands digital yuan’s global reach, onboarding 26 financial institutions to an upgraded platform for cross e-CNY settlements
+ China’s M1 money supply climbs to 3-mth high in May
+ China to open STAR Market wider to unprofitable AI companies, to accelerate yuan FX futures pilot to give offshore investors more hedging tools
-China’s property investment down 16.2% YoY in first 5 mths
+ China’s new-home prices in first-tier cities rose for 3rd consecutive mth
-China’s new home sales to fall by 11%-13% YoY in2026: Fitch Ratings
-China’s fixed-asset investment declined by 4.1% in first 5 mths
+ China to simplify foreign-exchange management, support outbound investment, deepen institutional opening of capital AC
+ China debuts first commercial property REITs in US$3bn listings
-China stepping up scrutiny over exports of indium
-China to impose additional 55% tariff on Australian beef imports after quota threshold reached: MOFCOM
± Manus original investors plan to buy back AI firm from Meta for US$2bn, after China ordered Meta to unwind its acquisition
+ HKEX ranked world’s 2nd-largest venue for IPO in H1, behind only Nasdaq, fundraising nearly doubled for a yr earlier
+ HK to launch first offshore China sovereign bond futures
*EUROPE*
-Eurozone annual inflation at 3.2% in May, up from 3% in Apr
+ EU considering reforms to allow banks to move money more freely across EU countries, aiming to narrow gap with US
+ EU approved duty cuts on US goods imports from trade deal
-Eurozone swung to €1bn trade deficit in Apr in contrast to trade surplus of €7.8bn expected
-German producer prices up 2.2% YoY in May, fastest increase in producer prices since May 2023
-Germany wholesale prices rose 5.9% YoY in May vs 6.3% in Apr
-BMW stock slumps to over 5-year low after company cut its 2026 profit outlook, citing slowdown in China and Iran war
-UK PM Starmer expected to resign on Mon and set out a timetable for his departure
-Brexit cost 6% of UK economy: BoE
-ASML denies selling chipmaking tool to China after Bloomberg report EUV tool may have reached China
*ASIA*
-BOJ raises short-term policy rate by 25bps to 1%, highest level since 1995, and will end tapering next year
-Japanese yen weakened beyond 161 per dollar, approaching again lowest level since 1986
+ Japan’s customs exports rose 17% YoY in May
+ Japan to target US$2.3bn public-private investment by 2040
-India’s wholesale prices up 9.68% YoY in May, after an 8.26% rise in Apr
+ South Korea KOSPI up >3% to around 9340 to new peak
+ Gulf major airlines has now returned to some 82% of the level on 27 Feb, the day before war started
+ Iran has shipped out 20 million barrels of oil this wk previously held back by US blockade
-Bank Indonesia raised key interest rate by 25bps to 5.75% at its June policy meeting, its 3rd increase in about a mth
+ Malaysia exports jumped 45.3% YoY to record high of RM184bn in May, after 37.3% increase in Apr; trade surplus soared to RM40.4bn in Apr to reach all-time high
± Malaysia annual inflation rate rose to 2% in May vs 1.9% in Apr, highest reading since Jul 2024
+ Sg key exports growth hits 22-year high of 38.4% in May; electronics shipments jump 95% on strong chip, computer demand
± Sg total employment growth slows in Q1; excluding migrant domestic workers, total employment up 9,400, slowdown from 17,700 in preceding qtr, retrenchments up slightly to 3,830 vs 3,690 in Q4
+ Sg to pump nearly S$100m into municipal, industrial water solutions: DPM
-MAS adds one of the world’s largest crypto exchanges Bybit to list warning investors
-Sg visitors arrivals fall 1.2% to 7m in first 5 mths
Contribution by Derek@valueinvestments chat group. Thank you.
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