SoSoMacro | June 13: Israel attacks Iran, global markets focus on geopolitical risks

币界网报道:Tensions in the Middle East rose after Israel attacked Iran, with reports that Iranian military chief Mohammad Bagheri may have been assassinated. U.S. producer price index (PPI) for May was roughly in line with expectations, while weekly jobless claims suggested that the labor market is showing signs of weakness. No detailed results of the U.S.-China talks have been released, but China said it has approved a limited number of rare earth export licenses. Trump reiterated plans to announce reciprocal tariff rates within one to two weeks and hinted at a possible increase in auto import tariffs. The U.S. Commerce Department will impose tariffs on steel home appliances starting June 23. Trump once again made overtures to Elon Musk, further easing tensions between the two. Demand remained strong at the latest round of U.S. 30-year Treasury auctions.

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