Morning Brew June 13 2025

Good morning,

On Friday, Israel launched strikes against Iran, focusing on its nuclear facilities, ballistic missile factories, and military commanders. This marks the beginning of a prolonged operation aimed at preventing Tehran from developing an atomic weapon.

Israel declared a state of emergency, anticipating retaliatory missile and drone strikes. "The geopolitical escalation adds another layer of uncertainty to already fragile sentiment," said Charu Chanana

The US denied any involvement in the attack and warns Iran not to target any US interests in any retaliation.

Indexes are trading app 1,5% globally and Gold and Oil jumps 8%, the USD gains in safe haven demand to 98.30 after we fell below the 98 yesterday.

Key levels: US 500 -1.45% to 5950, US Tech 100 NAS -1.64% to 21530, the GER 40 -1.6% to 23400.

Oil +7% to 73.60, Gol +1.2% to 3425, Silver -0.3%, EURUSD -0.5% to 1.1525. Bitcoin -1.3% to 104.400, Ethereum -4.3%.

The Iranian reaction and the overall extent of the war will be crucial for today`s development. Disruptions to trade and flow of goods through the Suez Canal will be key.

Other items on the agenda are the

• Trade war
• The Universities Inflation expectation
• After the crash in India yesterday, Boeing may continue to trade in swings on any news of the fault, yesterday the stock lost 5%
• Trump stated "We're going to spend $600 billion a year because of a moron who says, 'I don't see enough reasons to lower rates now,'" demanding lower rates
• The EU Trade balance is normally not very crucial but could be important in the trade negotiations.

Check your risk levels, depending on the middle east escalation or de-escalation it is likely to be volatile.

Trade safely.

- Friday, June 13

  - Economic Events:

- Germany Inflation expected at 2.1%

- EU Trade Balance

    - US Housing Starts and Building Permits (May)

    - University of Michigan Consumer Sentiment (preliminary)

    - Michigan 5-Year Inflation Expectations (preliminary)