A review of the international markets from last week.
Closing on June 13th: US stocks closed higher with the Dow Jones up 0.7%, as the market focused on US-Iran negotiations and SpaceX's debut.
Top 20 US stocks by trading volume on June 13th: SpaceX listed on Nasdaq, with its market capitalization surpassing $2 trillion.
Most popular US-listed Chinese stocks advanced on June 13th, with United Microelectronics Corporation up 4.50% and Li Auto rising 3.77%.
Commodities summary: Oil prices declined, copper prices increased, and gold prices edged slightly higher.
European stock markets approached record highs, buoyed by progress in the US-Iran agreement.
Macroeconomic Developments
Iran's Supreme National Security Council has formally confirmed that a US-Iran memorandum of understanding has been reached.
The former US president stated that a US-Iran agreement has been reached and the Strait of Hormuz will be opened.
Iran's Deputy Foreign Minister confirmed that a consensus has been reached on the US-Iran memorandum of understanding.
A US-Iran peace agreement has been reached and is set to be formally signed this Friday.
The former US president stated the Strait of Hormuz will open following the signing of the US-Iran agreement on the 19th.
The former US president: The agreement with Iran is now complete.
The Prime Minister of Pakistan: The United States and Iran have reached a peace agreement.
Corporate News
European Commission spokesperson: Currently assessing the practical impact of Anthropic's decision.
General Motors' Chief Product Officer: The company is currently focusing primarily on autonomous driving technology for passenger vehicles.
Surging demand for memory chips: SK Hynix added over 2,000 new employees last year.
Citibank: The World Cup may bring a brief period of calm to financial markets.
Joining forces for space computing power? Shortly after SpaceX's IPO, Musk called on Jensen Huang: Let's upgrade our cooperation!
Commentary and Analysis
With the US-Iran agreement finalized, US stocks may see gains, though the specifics of the deal remain unclear.
The US dollar weakened broadly against G10 currencies following the former US president's announcement of an agreement with Iran.
The former US president stated an Iran nuclear deal is imminent, though Iran has not yet confirmed this.
Iran stated the United States should bear responsibility for the consequences of Israel's latest attack.
Caught between the former president and a market betting on rate hikes, the new Federal Reserve Chair, Warsh, faces a severe test.
The former US president spoke with Putin and Zelenskyy on his birthday, despite Russian-Ukrainian peace talks having stalled.
Swiss voters rejected a proposal to cap the population.
The former US president stated the Iran agreement is expected to be signed within two to three hours.
Fox News: The Israeli attack on Beirut created an obstacle for the US and Iran finalizing the agreement.
US Ambassador to the UN: The former president and the US negotiating team are "confident" the agreement can be reached.
The former US president looked forward to signing the agreement on Sunday, but Iran is reportedly still reviewing the text.
South Korea and Saudi Arabia signed an agreement to cooperate in the energy sector.
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