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European Stocks Rally as Oil Falls Near $93 on US-Iran Diplomatic Hopes; STOXX 600 Holds Gains
When oil falls, European stocks gain, and that trade is playing out precisely on June 12, 2026. The pan-European STOXX 600 navigated a choppy session this week as oil prices hovered near $93 per barrel following one of the biggest exchanges of hostilities between the US and Iran since the two countries agreed to a…
ECB Raises Rates 25 Basis Points as Iran War Stokes Inflation, June 12
ECB raises rates to 2.25% as eurozone inflation hits 3.2%, well above the 2% target. Growth forecasts cut to 0.8% for 2026.
Sun Pharmaceutical (SUNPHARMA) Shares Rise 0.32% as Pharma Giant Announces ₹5 Final Dividend Record Date
Sun Pharmaceutical Industries has once again grabbed investor attention in the Indian stock market. The Sun Pharmaceutical share price rose around 0.32% in recent trading sessions after the company announced a ₹5 final dividend for FY2025-26. The announcement also included key corporate updates, including the upcoming record date for dividend eligibility, which is now in…
Gold MCX August Futures Climb Above ₹1.50 Lakh on Strong Demand
Gold prices on MCX continued their upward march on June 12, 2026, with August futures rising 1.11% to ₹1,50,595 per 10 grams. Silver also posted strong gains, climbing 1.30% to ₹2,42,776 per kilogram. The rally reflects growing investor demand for safe-haven assets amid global uncertainty and shifting economic expectations. As precious metals attract fresh buying…
US Wholesale Prices Surge 1.1% in May, Highest Annual Gain Since 2022
US producer prices rose 1.1% in May 2026, beating forecasts. The 12-month PPI hit 6.5%, highest since November 2022, driven by energy costs.
U.S. Courts Hit Pirate IPTV Operators With $24M in Damages, June 12
U.S. courts hold pirate IPTV sellers liable for copyright infringement. New York reseller and Pennsylvania operator face major damages.
Japan Secures Oil Supply Until March 2028 Amid Hormuz Crisis, June 12
Japan secures oil supplies until March 2028 via alternative imports and reserves, avoiding Middle East dependency as US shipments surge.
Hino Motors Recalls 45,853 Trucks Over Engine Fire Risk, June 12
Hino Motors recalls 45,853 Profia trucks over engine fire hazard. Stock falls 5.4% as quality issues persist for Toyota’s truck subsidiary.
Alibaba Stock Falls 5.37% as Hong Kong Market Slides, June 12
Alibaba (9988.HK) fell 5.37% to HK$107.40 on June 12 amid Hong Kong market weakness. Meyka rates it B+ with HK$165.45 target.