PANews presents market analysis every Monday, Wednesday, and Friday, highlighting key changes in the global market through data and trend analysis. Covering macroeconomics, US stocks, precious metals, crude oil, and crypto assets, PANews provides insights into these key changes.

Macro Market

With the US-Iran ceasefire memorandum of understanding finalized, crude oil once again became the only asset targeted for concentrated selling. Trump authorized the "free opening" of the Strait of Hormuz and lifted the naval blockade; the formal signing ceremony is scheduled for June 19th in Switzerland. Iranian Deputy Foreign Minister Gharibabadi stated that "the results achieved far exceed the promises," and 60-day negotiations on the nuclear issue will begin after the US fulfills its obligations.

The geopolitical premium that had been dominating the market since the end of February vanished instantly, with WTI crude oil prices falling sharply by 4.7% to around $80 , and Brent crude oil prices declining in tandem. The market is betting that supply chain recovery will alleviate inflationary pressures. Analysts point out that the decline in oil prices has directly weakened the basis of the "reflation trade," and the future path of the Federal Reserve has been repriced. Jefferies analyst David Zervos predicts that oil prices will fall below $60, and GasBuddy also expects the average gasoline price across the US to drop below $3.75 by July 4th, even though Polymarket data shows only a 51% probability of the Strait of Hormuz resuming normal navigation by July 15th.

Spot gold broke through $4,300 and then fluctuated at high levels , while spot silver strongly broke through the $70 mark, reaching a new high for the period. Interest rates and exchange rates also reacted quickly, with the US dollar index weakening and US Treasury yields declining, with the 10-year US Treasury yield falling 5 basis points to around 4.42%. Some institutions believe that this change means that "the inflation risk premium is being systematically removed."

The following needs to be paid attention to:

The pace of recovery in Middle Eastern energy exports: If the recovery is slower than expected, it could again push up inflation and energy price volatility.
June 15-17: The 52nd G7 Summit was held in France, focusing on the joint statement issued by the US and Europe regarding mine clearance in the Middle East Gulf and the subsequent lifting of sanctions.
June 18, 02:00: The Federal Reserve's FOMC interest rate decision and the debut of new Chairman Kevin Warsh will directly determine the latest monetary path after the current decline in inflation expectations.
June 19: The US-Iran peace agreement was formally signed in Switzerland, confirming the specific details of Iran verifying US compliance and initiating 60 days of nuclear negotiations. If successfully implemented, this will confirm a systemic decline in geopolitical risk premiums and directly suppress the central price of crude oil.

US Stock Market Update

U.S. stocks continued to rise on expectations of easing geopolitical risks. U.S. stock futures collectively strengthened in pre-market trading , with the Dow Jones Industrial Average up about 0.98%, the S&P 500 up 1.23%, and the Nasdaq 100 leading the gains at 1.92%.

SpaceX shares surged 19% on Friday, its first day of trading , pushing its market capitalization above $2.1 trillion and making it the sixth-largest company on the US stock market. Trading volume reached a staggering $80 billion, further fueling the narrative of "AI + space capitalization." Cathie Wood even went so far as to sell off her entire stake in AMD and Tesla, investing a massive $440 million in SpaceX.

The semiconductor sector rallied across the board, with ARM surging over 11%, and Intel, AMD, and Qualcomm rising 6.51%, 4.73%, and 4.32% respectively. In contrast, Adobe fell 6.7%, becoming a typical example of divergence under the pressure of AI revaluation. Streaming media and consumer technology also performed actively, with Roku surging 20% in a single day, reaching a new high for the period.

At the institutional level, some strategists pointed out that the current rise in US stocks is driven more by "lower interest rate expectations + receding geopolitical risks" than by upward earnings revisions, and volatility may amplify again after the FOMC meeting.

The following needs to be paid attention to:

June 16: SpaceX options contracts will be officially listed for trading on CBOE and Nasdaq, and the large-scale involvement of derivatives will cause dramatic fluctuations in the giant's stock price.
June 17: The launch of Amazon's "Leo Europe 3" constellation will serve as a catalyst for validating the continued monetization capabilities of the commercial space industry chain.

Cryptocurrency

Positive macroeconomic news has driven Bitcoin higher, nearing a break above $66,000, with a daily gain exceeding 2%. Market data shows that $64,000 has become a key support level for bulls, while the $67,200-$68,500 range is congested with short-selling liquidity and options pressure . Renowned trader Killa warned that if Bitcoin fails to stabilize in the core $65,000-$66,000 range after 14 days, the latter half of the month could face a severe and deep correction. Some strategies suggest that a break below $64,000 could trigger a liquidity pullback to below $60,000, while a break above $68,000-$70,000 could unleash a new round of short-selling pressure.

Many traders view a potential interest rate hike by the Bank of Japan as a short-term risk event , with historical data showing that similar cycles have caused Bitcoin to retrace 20%–30%. Analyst Kaz warns that with the Bank of Japan's impending rate hike, tightening global liquidity could push BTC up to $70,000 in the short term, followed by a sharp drop to $50,000.

In addition, today is the monthly ex-dividend date for MicroStrategy's perpetual preferred stock, STRC, on the 15th of each month. Due to the weekend closure of US stock markets, some pent-up buying demand may be released today. Historically, Bitcoin has seen significant price increases in the middle of March, April, and May, which may be related to the STRC ex-dividend date effect. However, due to market concerns triggered by MicroStrategy's previous sale of 32 BTC, STRC is currently trading at a discount of $94.80, raising doubts among investors about its dividend-paying ability.

Today’s highlights:

This Week's Preview | Federal Reserve Chairman Warsh to Hold First Monetary Policy Press Conference; LayerZero (ZRO) Unlocks Tokens Worth Approximately $23.2 Million
Data: ZRO, SPK, ARB and other tokens will see large-scale unlocking, with ZRO unlocking value estimated at approximately $23.2 million.
The vote to rename Toncoin to Gram passed with 81.22% in favor and will take effect on June 15.
Lido: Swellchain will cease operations on June 15th; users need to withdraw their wstETH assets in advance.
Kelp: Starting June 15th, 20 chains will no longer support rsETH cross-chain bridging.
BitMine's perpetual preferred stock, BMNP, is scheduled to list on the NYSE on June 16, with an annualized dividend yield of 9.5%.
FTX has announced that the next round of payouts will begin on June 16th, with payouts starting on July 31st.
Arbitrum (ARB) will unlock approximately 92.65 million tokens, worth about $7.8 million, on June 16.
Upbit 24-hour trading volume rankings: BTC, WLD, XRP, ETH, ZKC
Bitcoin spot ETF: Net outflow of $316 million last week, marking the fifth consecutive week of net outflows.
Ethereum spot ETF: Net outflow of $14.9072 million last week, marking the fifth consecutive week of net outflows.
HYPE Spot ETF: Net inflow of $5.8662 million last week

The top 100 cryptocurrencies by market capitalization with the largest gains today are: ZEC up 17%, WLD up 14%, NEAR up 12%, JUP up 9%, and HYPE up 8%.

Asia Pacific Market Report

The Nikkei 225 index surged 5% to a record high of 69,600 points, driven by arbitrage capital . The market reacted with extreme excitement to the communication vacuum created by the absence of Bank of Japan Governor Kazuo Ueda due to illness, with expectations of an 88% probability of an interest rate hike this week. SoftBank Group rose 11% as a result, with foreign investors viewing Japanese assets as a safe haven against global geopolitical volatility and imported inflation.

Meanwhile, the South Korean market also experienced a frenzied surge, with the KOSPI index opening 5.42% higher and jumping to 8563 points, triggering a circuit breaker. The benefits of the AI hardware cycle were being realized in a concentrated manner, with SK Hynix rising over 7% due to early shipments of HBM4E samples, and Samsung Electronics also rising 5%. This phenomenon stems not only from a fundamental reversal but also from foreign investors' high-stakes bet on the South Korean stock market being included in MSCI's developed market watch list at the end of June .

A-shares and Hong Kong stocks began to rebound as external liquidity spilled over, with the Shanghai Composite Index rising 1.39%, the Shenzhen Component Index rising 3.52%, and the ChiNext Index and STAR Market Composite Index surging 4.95% and 4.6% respectively.

The US export ban on the Anthropic large-scale model ignited speculation on domestic substitution, with AI concept stocks across the board surging 27% , while SMIC and Huahong Grace rose 6% and 13% respectively. Furthermore, Nvidia's supply chain capacity anxiety spread to upstream materials, with over 20 PCB concept stocks, including Shengyi Technology, hitting their daily limit due to the extreme shortage of HVLP4 copper foil.

The following needs to be paid attention to:

June 16: The Bank of Japan's interest rate decision and Deputy Governor Shinichi Uchida's post-meeting statement will determine the next flow of yen carry trade funds and whether the Japanese stock market's surge can continue.

The Bank of Japan raised interest rates by 25 basis points as expected.

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