Morning Economic Report 6-20-25

The US President’s decision to push back on the plan to participate in the Middle East conflict was met with a sigh of relief in the equity markets and stocks ticked higher. Notwithstanding the improved sentiment, Israel and Iran keeps exchanging fire. Meanwhile, European foreign ministers are to meet Iranian officials today to find diplomatic solution to the crisis. China kept its 1-year benchmark lending rate unchanged and Japanese consumer inflation came in above expectations. Gold and the dollar index are both slightly lower this morning.