Morning Coffee Daily News Summary - 26 June 2025
From market movements to central bank strategies, this is the latest headlines.
Good morning,
Here is your Morning Coffee Daily News Summary for 26 June 2025.
Stock Market Performance: The S&P 500 and Nasdaq Composite are nearing all-time highs, indicating a strong market performance amid recovery.
Bond Market Stability: Bond investors are optimistic despite debates over government borrowing, as tepid inflation and mixed economic data support the current market rally.
Decline in Global Dealmaking: Global deal activity has dropped to a 20-year low, with a 16% decrease year-on-year, reflecting heightened uncertainty in the market.
Central Banks on Stablecoins: A group of central banks has stated that stablecoins should not be the cornerstone of future monetary systems, indicating regulatory challenges ahead.
Easing Bank Capital Rules: US regulators are considering loosening financial crisis-era bank capital rules to support the economy.
US New Home Sales Decline: There was a slump in new home sales in the US in May, attributed to ongoing concerns about high mortgage rates.
Political Concerns in New York City: The primary victory of Democratic Socialist Zohran Mamdani has raised concerns among Wall Street over potential shifts in governance.
Trade Protection for UK Firms: The UK government is planning to protect businesses from the impact of cheap imports amid concerns over US tariffs.
Bank of Japan Rate Hikes: BOJ board member Naoki Tamura has urged for consideration of additional rate hikes to meet inflation targets sooner than expected.
Australian Inflation Eases: Inflation pressures in Australia eased in May, signalling a potential third interest rate cut by the Reserve Bank of Australia next month.
Thai Central Bank's Rate Decision: Thailand’s central bank has opted to maintain its current rates amid domestic political turmoil and global uncertainties.
Nvidia’s Cloud Computing Move: Nvidia's entry into cloud computing is creating tension among existing tech giants as it seeks to expand its influence in the market.
Have a great day ahead.