Markets, trade, and economic policy worldwide
SpaceX made history with a $75 billion IPO that instantly turned it into one of the biggest public companies in the world. Now it has to win over the market.
Oil prices fell on hopes for peace in the Gulf region, while attention turns to SpaceX's debut.
SpaceXGwynne Shotwell said an initial public offering is one small step in the company's 'very futuristic' journey.
Germany's economy will recover more slowly than expected but pick up steam in the coming years thanks to fiscal stimulus, according to the Bundesbank.
Two funds that hold Indonesian bonds are delaying redemptions to manage liquidity pressures.
UK households expect a significant rise in inflation next year, while businesses become more negative about the future.
China's aggregate social financing for January-May 2026 reached 17.48 trillion yuan, compared with an estimate of 17.150 trillion yuan.
China's new yuan loans in January-May totaled 9.11 trillion yuan, exceeding the estimate of 9.040 trillion yuan.
UK households expect inflation to accelerate sharply in the coming year while businesses are turning more pessimistic.
Elon Musk becomes world's first trillionaire on paper after SpaceX IPO. SpaceX's $75B listing values Musk's stake at about $866.5B, with Tesla holdings near $286B pushing total wealth above $1T.
European bonds rallied as oil prices slid on the renewed potential for a peace deal in the Middle East.
Treasury yields fell further as traders monitored the potential for a U.S.-Iran peace deal.
ECB's Rehn says the central bank will not precommit to any particular interest rate path.
The jump in oil prices has started to feed to other goods and services, even if euro-area wages aren’t yet affected, the ECB's Emmanuel Moulin said.
Vietnam's auto sales topped 156,700 vehicles in the first five months of 2026, a year-on-year increase of 20 percent, according to the Vietnam Automobile Manufacturers' Association. Hybrid sales surged 80 percent to 8,518 units.
Luxury stocks rose on a proposed U.S.-Iran peace deal; LVMH gained nearly 5%.
Singapore has launched a Standards and Conformance 2035 roadmap to help businesses remain competitive amid geopolitical tensions, evolving trade rules and rapid technological change, Enterprise Singapore said Friday.
Brent oil futures dropped more than 5%.
UK inflation expectations for the next 12 months rose to 4.0% in May, up from 3.2% previously, according to the Bank of England/Ipsos survey.
The UK economy contracted by 0.1% in April.
Brent and WTI crude oil futures extended losses, falling 4%.
Nomura now sees ECB terminal rates at 3.00% by March 2027, the most hawkish among consensus and 40 basis points more hawkish than current market pricing.
Bank of Korea governor says interest rates to be raised 'on time'.
US ground beef prices hit a record $7.06 per pound in May, rising 13.1% annually as tight cattle supply and historically low herd levels drive sustained cost pressures.
Pakistan's budget will test whether the government can revive growth without jeopardizing the fiscal gains supporting its economic recovery, as higher oil prices threaten progress.
India is willing to let its fiscal deficit widen to 4.8% of GDP, according to a Bloomberg News report.
Oil prices fell and U.S. stock futures rose after Trump called off planned strikes on Iran, according to the Wall Street Journal.
The 10th China-South Asia Expo has drawn participants from 68 countries, regions and international organizations, serving as a major platform for exhibitors from South Asia and beyond to explore new cooperation opportunities.
Radisson CEO Federico Gonzalez says hotels are bracing for a winter travel hit if the Middle East conflict continues.
Indonesia, once seen as a darling of investors, is now facing concerns about its economic future due to fears of corruption and policy missteps.