Global Market Weekly Review: Geopolitical Tensions and Central Bank Divergence Dominate the Week Ending June 20, 2025

The week ending June 20, 2025, was characterised by a tense tug-of-war between escalating geopolitical risks in the Middle East and a widening divergence in monetary policy among the world’s major central banks. Global equity markets struggled for clear direction as investors grappled with these conflicting forces. A palpable flight to safety was evident across asset classes, with heightened volatility, a stronger U.S. dollar, and a surge in gold prices. This risk-off sentiment was primarily fueled by an intensifying conflict between Israel and Iran, which overshadowed economic data and corporate earnings for much of the week.¹

The overarching narrative was one of caution and defensive posturing. The U.S. Federal Reserve maintained its hawkish stance, holding interest rates steady and tempering expectations for rate cuts in 2025, citing persistent inflation concerns linked to potential trade tariffs.² This stood in stark contrast to Europe, where several central banks, including the Swiss National Bank and Norges Bank, delivered surprise rate cuts to combat deflationary pressures and support their more fragile economies.¹ This growing policy chasm created significant cross-currents in currency and bond markets.

The result was a choppy and indecisive period for global stocks. U.S. indices finished the week with a mixed and muted performance, while European markets retreated, pulling back from strong year-to-date gains.⁵ Asian markets were a mosaic of modest gains and losses, reflecting regional-specific factors alongside the global mood.¹ In Oceania, Australian shares saw a five-week winning streak come to an end, weighed down by the global risk-off sentiment and falling commodity prices.⁸

Weekly Performance of Key Global Assets (Week Ending June 20, 2025)

The Geopolitical Crucible: Middle East Tensions and Market Impact

The week’s trading was overwhelmingly dominated by the sharp escalation of conflict in the Middle East, which acted as the primary driver of market sentiment and asset allocation. Events on the ground dictated risk appetite, pushing investors towards defensive positioning and overshadowing most other market-moving factors.

The Escalation and the “Two-Week Deadline”

The conflict intensified significantly when Israel conducted bombing raids on what it described as nuclear targets within Iran. This was followed by retaliatory missile and drone attacks from Iran, marking a dangerous new phase in the week-old air war.¹ The situation reached a critical inflection point for global markets with an announcement from the White House. President Donald Trump stated he would decide within the next two weeks whether the United States would become directly involved in the conflict, a move that could dramatically widen the war.¹ This “two-week deadline” immediately became the focal point of investor anxiety, creating a cloud of uncertainty that hung over markets for the remainder of the week.¹

The market’s reaction to this deadline, however, was more nuanced than one of pure panic. While fear was palpable, some analysts noted that this type of ultimatum is a familiar tactic for the Trump administration, previously employed in high-stakes trade negotiations with China and Russia.¹ In those instances, such deadlines often passed without the most severe actions being taken. This historical context suggests that a portion of the market may be pricing in a degree of political posturing, viewing the two-week window as a period for diplomacy and negotiation rather than an inexorable march to war. This tempered the worst of the sell-off, leading to choppy, nervous trading instead of a complete market collapse.

Impact on Oil Markets and Safe-Haven Assets

The most direct impact of the conflict was felt in the energy markets. Fears of a potential disruption to crude oil supplies passing through the Strait of Hormuz, a critical chokepoint near Iran, sent prices higher.⁷ Brent crude, the global benchmark, was on track for its third consecutive weekly gain, climbing 4% for the week.¹ However, prices did retreat from their peaks on Friday following President Trump’s announcement of the two-week delay. This pullback indicates the market’s extreme sensitivity to geopolitical headlines, interpreting the postponement of an immediate decision as a slight de-escalation of risk.¹²

The broader market saw a classic flight to safety, with investors seeking refuge in traditional haven assets.

• Gold: The precious metal experienced strong demand, with prices surging above $3,360 per ounce.¹ This rally occurred despite a hawkish Federal Reserve and a stronger U.S. dollar, conditions that would typically act as headwinds for gold. This demonstrates that for the week, geopolitical fear was the dominant driver for the metal, superseding monetary policy considerations.¹⁴
• U.S. Dollar: The U.S. dollar index (DXY) saw robust demand, heading for its largest weekly gain in over a month as global investors sought safety in the world’s primary reserve currency.¹⁴
• Volatility: The Cboe Volatility Index (VIX), often referred to as the market’s “fear gauge,” surged. It held above a reading of 22 at one point during the week, reflecting heightened investor anxiety and an increased demand for portfolio insurance through options contracts.⁴

The conflict’s influence extends beyond the immediate region. Ukrainian President Volodymyr Zelensky accused Russia of actively working to protect Iran’s nuclear program, linking Iranian-made missiles to attacks on Ukrainian soil.¹⁸ This highlights a deeper geopolitical alignment between Russia, Iran, China, and North Korea, suggesting that global conflicts are increasingly interconnected.¹⁸ For investors, this means risk is not siloed. A major U.S. military engagement in the Middle East could be perceived by other global powers as an opportunity to advance their own strategic interests elsewhere, elevating the stakes far beyond regional oil supply and creating a more complex and systemic global risk profile.

A Tale of Two Policies: Central Banks at a Crossroads

Beneath the surface of geopolitical anxiety, a profound divergence in monetary policy between the United States and other major economies continued to widen, creating powerful undercurrents in global markets. While the U.S. Federal Reserve doubled down on its fight against inflation, its European counterparts pivoted decisively toward supporting growth.

The Federal Reserve’s Hawkish Stance

The U.S. Federal Reserve concluded its policy meeting by holding its key interest rate steady, a move that was widely anticipated.² The critical takeaway, however, came from the central bank’s updated projections and the tone of its leadership. Policymakers signalled a slower pace of future easing, with updated forecasts now suggesting just one interest rate cut in 2025, down from the two cuts that were projected previously.²

The rationale behind this hawkish hold was the persistence of inflation, which officials fear could be exacerbated by the Trump administration’s ongoing trade tariffs.² During his post-meeting press conference, Fed Chair Jerome Powell struck a cautious and hawkish tone, emphasising the uncertainty around tariffs and the need to see more conclusive data before easing policy. His comments weighed on market sentiment midweek.² The Fed’s new economic projections sketched out a “modestly stagflationary” picture for the U.S. economy, forecasting slowing GDP growth, a rise in the unemployment rate, and inflation remaining stubbornly above the 2% target through the end of the year.²

Adding a layer of complexity, Fed Governor Christopher Waller made comments late on Friday suggesting that given recent tame inflation data, a rate cut could be considered as early as the July meeting.¹⁹ This conflicting signal injected a fresh dose of uncertainty into the market, leaving investors to weigh the official committee stance against the views of individual policymakers.

The European Dovish Pivot

In stark contrast to the Fed’s position, several major European central banks took decisive action to ease monetary policy. This dovish pivot was driven by concerns over nascent deflationary pressures, the relative strength of their local currencies against the U.S. dollar, and a more fragile economic outlook.²

• The Swiss National Bank (SNB) cut its policy rate by 25 basis points to 0%, and officials did not rule out the possibility of implementing negative interest rates if necessary.¹
• The Norges Bank (Norway) delivered a surprise 25 basis point rate cut, its first since 2020, catching markets off guard.¹
• The Bank of England (BoE) held its main interest rate steady. However, the vote was not unanimous, with three of the nine committee members voting for an immediate cut. This, combined with a more dovish overall tone, signalled a clear tilt towards future easing.¹
• This follows the European Central Bank (ECB), which has already begun its easing cycle. The ECB’s proactive stance is seen as a primary reason for the strong outperformance of European equity markets so far this year, as it is perceived to be ahead of the Fed in supporting economic growth.⁶

This widening policy gap is creating a powerful feedback loop. The interest rate differential between the U.S. and Europe, combined with the flight to safety, is strengthening the U.S. dollar.¹⁴ A stronger dollar, in turn, makes European exports more expensive and imports cheaper, creating imported deflationary pressure in the Eurozone.² This pressure then compels European central banks to become even more dovish to stimulate their economies, which further widens the rate differential and adds more strength to the dollar. This self-reinforcing cycle is a dominant force that will likely continue to shape currency, bond, and equity markets in the months ahead.

Bank of Japan’s Dilemma

The Bank of Japan (BOJ) finds itself in a uniquely challenging position, caught between domestic inflationary pressures and external growth risks. Data released during the week showed that Japan’s core inflation rate hit a two-year high of 3.7% in May.¹ This unexpectedly strong reading intensified pressure on the central bank to normalise its policy and consider an interest rate hike, with some market participants now pricing in a move as early as July.⁴ However, the BOJ remains acutely aware that potential U.S. tariffs could severely impact its export-dependent economy.⁷ This leaves the central bank in a precarious balancing act, forced to weigh the need to combat domestic inflation against the risk of derailing a fragile economic recovery due to external shocks.

U.S. Market in Focus: A Cautious and Choppy Week

U.S. equity markets navigated a choppy and uncertain week, ultimately finishing with a mixed and indecisive performance. The overarching themes of geopolitical tension and a hawkish Federal Reserve kept a lid on any significant upward momentum, resulting in a second consecutive weekly loss for the benchmark S&P 500 index.

Weekly Performance and Technical Factors

The major U.S. indices reflected the market’s lack of conviction. The Dow Jones Industrial Average managed a fractional gain of less than 0.1% for the week, and the Nasdaq Composite added 0.2%. The S&P 500, however, dipped 0.2%, marking its second straight losing week.⁵ Trading volumes were somewhat subdued for parts of the week due to the Juneteenth holiday on Thursday, which led to a quiet session and offered little direction for global markets.¹

A significant technical event contributing to the week’s volatility was Friday’s “triple witching.” This is the quarterly event where stock options, stock index futures, and stock index options all expire on the same day. This expiration, involving contracts worth over $6 trillion, typically leads to a surge in trading volume and can cause sharp, albeit usually short-lived, price swings as institutional investors roll over their positions or close them out.⁴ This technical factor amplified the choppy price action heading into the weekend.

Sector and Stock-Specific News

Beneath the headline index movements, performance was varied across different sectors and individual stocks.

• The Magnificent Seven: The market’s largest technology and growth stocks had a mixed week. Apple (AAPL) was a notable outperformer, rising more than 2% and bucking the generally cautious trend. In contrast, other giants like Microsoft (MSFT) and semiconductor firm Broadcom (AVGO) each shed about 0.5%.⁵
• Corporate Winners: Several companies delivered strong results that propelled their shares higher. Darden Restaurants (DRI), the parent company of Olive Garden, saw its stock hit an all-time high after reporting better-than-expected earnings and announcing a new $1.0 billion share repurchase program. The gains were driven by robust same-store sales growth at its key restaurant chains.⁵ Snack food giant Mondelez International (MDLZ) also gained 3% after analysts at Wells Fargo upgraded the stock, citing the company’s strong pricing power in the face of inflation.⁵
• Corporate Losers: On the other side of the ledger, consulting firm Accenture (ACN) saw its shares fall after its quarterly bookings of $19.7 billion came in below analyst expectations, raising concerns about a potential slowdown in corporate spending.⁵ Firearms manufacturer Smith & Wesson (SWBI) tumbled nearly 20% after it issued a disappointing forecast, with management explicitly blaming “persistent inflation, high interest rates, and uncertainty caused by tariff concerns” for hurting sales.¹⁰

The performance of companies like Smith & Wesson provides a micro-level confirmation of the macro-level fears gripping the market. The Fed’s own projections point toward a challenging environment of slowing growth and persistent inflation, and warnings from individual companies about these very factors hurting demand suggest investors are correctly bracing for a “stagflation-lite” period. This environment helps explain the defensive rotation being recommended by market strategists, who advocate for overweighting value and small-cap stocks, which tend to be less sensitive to rising interest rates than high-flying growth stocks.²⁰

Valuation and Investment Themes

Analysts continue to point to a notable divergence in market valuations. Value stocks are seen as attractive, trading at an estimated 14% discount to their intrinsic fair value. In contrast, growth stocks appear expensive, trading at an 11% premium.²⁰ Small-cap stocks are highlighted as being particularly undervalued, trading at a significant 20% discount. However, a sustained rally in this segment historically requires a more favourable macroeconomic backdrop, including an easing Federal Reserve and a bottoming economy—conditions that are not yet in place.²⁰

While the Magnificent Seven remain influential, the investment theme surrounding Artificial Intelligence is clearly maturing and broadening. Global merger and acquisition (M&A) activity in the AI space has exploded in 2025, with deal values exceeding $140 billion so far this year, a figure that dwarfs the totals from previous years.²¹ This investment is flowing not just into software, but also into the foundational layers of the AI ecosystem, including “Frontier Tech,” robotics, and specialised semiconductors.²¹ Companies like data centre provider CoreWeave are planning massive capital expenditures, in the range of $20 billion to $23 billion, to build out the necessary infrastructure.²¹ This indicates that the AI trade is moving into a second wave, focused on the “picks and shovels” companies that are essential to building out the AI revolution. This durable, multi-year theme offers investment opportunities far beyond a handful of mega-cap stocks.

European Markets: Near-Term Pressure Belies Year-to-Date Strength

European equity markets retreated during the week, succumbing to the global risk-off mood driven by Middle East tensions and absorbing the impact of significant regional policy shifts. However, this short-term weakness stands in contrast to the region’s remarkable outperformance for the year, a paradox that highlights the interplay between powerful structural tailwinds and more immediate cyclical headwinds.

Weekly Performance in a Strong Year

For the week, the major European indices were in the red. The pan-European STOXX 600 index fell 0.8%, Germany’s DAX lost 1.1%, and the UK’s FTSE 100 slipped 0.6%.⁴ A broader measure of developed European markets showed a decline of 1.44% for the week.²

This weekly pullback, however, must be viewed in the context of a stellar year-to-date performance. The Euro Stoxx index is up an impressive 20% so far in 2025, a gain that is double that of its closest rivals and marks Europe’s strongest relative start to a year since 2000.⁶ This outperformance has been driven by a confluence of structural factors that have shifted investor sentiment firmly in the region’s favor.

Structural Drivers of European Outperformance

Several key drivers explain Europe’s resurgence in 2025:

• Proactive Central Bank Policy: The European Central Bank has been more aggressive than the Fed in cutting interest rates to support its economy. This dovish stance has boosted investor confidence and is expected to contribute positively to the region’s growth outlook.⁶
• Fiscal Stimulus and Defence Spending: A crucial and perhaps underappreciated factor is the massive fiscal shift toward improving military readiness. With America’s reluctance to fully backstop European defence, member states are significantly increasing their own spending. Germany alone is planning to spend an additional €500 billion, providing what some analysts call a “turbo-charged” multi-year boost to its industrial sector.⁶
• Valuation-Driven Rotation: For years, capital consistently flowed west to the U.S. Now, with U.S. equity valuations viewed as “punchy” and the American market facing policy uncertainty, a rotation out of U.S. assets has become an “uncontroversial trade”.⁶ This has led to the first positive inflows into European equity funds in three years, as investors seek out the region’s more attractive valuations.⁶
• Improving Fundamentals: The investment case is also supported by improving fundamentals. Analysts’ earnings forecasts for European companies are beginning to nudge higher, while those for their U.S. counterparts are in decline. Furthermore, European companies are expected to return more capital to shareholders this year, with an estimated 5% return through dividends and buybacks, compared to 4% for U.S. companies.⁶

A significant portion of Europe’s strength in 2025 can be attributed to its status as the primary alternative to a U.S. market perceived as over-valued and facing significant policy risks. The capital flows into Europe are driven as much by a desire to reduce exposure to U.S.-centric problems—such as tariff uncertainty and recession risk—as they are by Europe’s own merits.⁶ This makes European markets a beneficiary of a “short U.S. sentiment” trade, but it also exposes them to a potential reversal if conditions in the U.S. were to improve dramatically. The market’s decline this week, driven by global fears rather than local ones, is a small-scale example of this vulnerability.

Furthermore, the currency dynamic presents a complex trade-off. While the strong U.S. dollar has been a headwind, forcing European central banks to be more dovish, a potential future weakening of the dollar carries its own risks. Approximately a quarter of the profits of major European companies are earned in America.⁶ A weaker dollar would have a negative translation effect on these earnings, hurting the reported profits of many of Europe’s largest multinational corporations even as it might provide some relief to the ECB. This highlights that there is no single “perfect” currency scenario for the region.

Asian Markets: A Region of Contrasts

Asian markets presented a mixed and varied picture throughout the week, with each major economy navigating a unique set of domestic challenges alongside the overarching global caution stemming from the Middle East. The MSCI Asia-Pacific ex-Japan index, a broad measure of the region, was on track for a weekly decline, reflecting the dominant risk-off sentiment.¹

Japan: Inflation Pressures Mount

In Japan, the Nikkei 225 index slipped for the week as investors digested a critical piece of domestic economic data.¹ The May core inflation rate, which excludes volatile food prices, rose to 3.7%, a two-year high and a figure that came in hotter than economists had expected.¹ This data point immediately intensified pressure on the Bank of Japan to normalise its ultra-loose monetary policy and consider an interest rate hike, with some analysts now forecasting a potential move as early as the July policy meeting.⁴

However, the central bank’s path is complicated by external risks. Officials are deeply concerned that the imposition of new U.S. trade tariffs could disrupt the virtuous cycle of wage growth and inflation that is just beginning to take hold in Japan’s economy.² This leaves the BOJ in a difficult policy bind, forced to choose between tackling rising domestic inflation and protecting the nation’s fragile, export-driven economic recovery from a potential external shock.

China & Hong Kong: Stability Amid Headwinds

In China and Hong Kong, markets saw modest gains on Friday, with China’s blue-chip CSI 300 index and Hong Kong’s Hang Seng index both recovering some ground.¹ The People’s Bank of China (PBoC) provided a measure of stability by holding its benchmark one-year and five-year loan prime rates steady, a move that was widely anticipated by the market.¹

This policy hold signals a desire for stability from Beijing, but it does little to address the significant underlying headwinds facing the Chinese economy. Ongoing weakness in the crucial real estate sector continues to be a major drag on growth, and fragile private-sector confidence is capping any potential for a robust recovery.² These persistent challenges reinforce expectations that further targeted stimulus measures will be needed to support growth.

While public equity markets in Asia presented a mixed but relatively contained performance, a look at private capital flows reveals a more concerning trend. A recent report on global private markets indicates that Asia has significantly lagged North America and Europe in 2024 and into 2025 across key metrics, including fundraising, investment performance, and deal activity.²² This underperformance is being “driven principally by a retreat from China”.²² This suggests that long-term, sophisticated institutional investors in private equity and venture capital are actively reducing their exposure to the region. This trend, driven by deeper concerns over geopolitics, regulatory uncertainty, and long-term growth prospects, may be a leading indicator of potential future weakness for the region’s public markets that is not yet fully reflected in daily stock price movements.

India & Oceania: Domestic Strength vs. Global Headwinds

The market stories in India and Oceania this week were ones of sharp contrast. India’s market demonstrated remarkable resilience, shaking off global gloom to post strong gains, while Australia’s resource-heavy market succumbed to the weight of international pressures.

India: A Bullish End to the Week

After starting the week with three consecutive days of losses, Indian benchmark indices staged a powerful rally on Friday. The Nifty 50 index surged 1.29% to close comfortably above the key 25,100 level, while the BSE Sensex jumped 1.28%.¹¹ This strong finish was fueled by a combination of positive domestic factors and an easing of immediate global fears.

The drivers of the rally were multifaceted:

1. Hopes of Geopolitical De-escalation: The primary catalyst for the shift in sentiment was the news that the U.S. would delay a decision on military action in the Middle East. This was interpreted by the market as a sign of potential de-escalation, reducing the immediate risk premium.¹²
2. Softer Oil Prices: As a direct consequence of easing war fears, crude oil prices dipped from their highs. This is a significant positive for India, which is a major importer of oil and is sensitive to price fluctuations.¹²
3. Strong Domestic Flows: A key pillar of support for the Indian market has been the consistent buying from domestic institutional investors (DIIs). These investors have been net buyers for 23 straight sessions, providing a crucial cushion against foreign capital outflows and underpinning market stability.¹⁴
4. Regulatory Tailwinds: A rally in financial stocks was fueled by a decision from the Reserve Bank of India (RBI) to ease provisioning norms for project financing, a move seen as beneficial for banks and lending institutions.¹⁹

The corporate landscape in India also remained vibrant, with an active market for Initial Public Offerings (IPOs).¹¹ In a sign of a forward-looking regulatory environment, the Securities and Exchange Board of India (SEBI) also proposed a new five-point regulatory framework to govern the use of Artificial Intelligence in the securities market.¹¹

India’s strong performance in the face of widespread global turmoil suggests a potential “decoupling” from the purely risk-on/risk-off sentiment that has dictated moves in many other global markets. While still connected to international flows, the Indian market is increasingly driven by its own powerful domestic narrative. Its large internal economy, the structural support from strong DII participation, and a positive reform agenda are acting as effective shock absorbers against global volatility. This makes India a potentially attractive destination for global investors seeking growth that is at least partially insulated from geopolitical whims.

Oceania (Australia): Winning Streak Snapped

In Australia, the S&P/ASX 200 index fell 0.5% for the week, bringing its five-week winning streak to an end.⁸ The market was hit by a double whammy of global forces that proved too strong for local sentiment to overcome.

First, the broad flight to safety amid the escalating Middle East tensions dampened investor appetite for risk assets like Australian equities.⁸ Second, and more critically for the resource-heavy Australian market, falling commodity prices acted as a major drag. Softer prices for key industrial metals like copper and iron ore weighed heavily on the mining sector. The heavyweight miners sub-index shed a substantial 4.5% for the week, marking its worst performance in several months.⁹

There was clear divergence at the sector level. While the influential mining and financial sectors dragged the overall index lower, energy stocks were a notable bright spot. Shares of companies like Woodside Energy advanced during the week, benefiting from the rise in global oil prices driven by the very same geopolitical tensions that hurt the rest of the market.⁹

Conclusion and Forward Outlook

The week was a stark reminder of the power of geopolitical risk to swiftly disrupt market equilibrium. A pronounced flight to safety dominated the narrative, pushing the U.S. dollar, gold, and volatility higher as investors sought to de-risk their portfolios. This was layered upon a fundamental and widening divergence in monetary policy between a hawkish Federal Reserve and its more dovish global counterparts, creating a complex and choppy trading environment that left most major equity indices with little to show for the week.

The core tension that defined the past five trading days—the clash between geopolitical fear and economic policy—remains firmly unresolved. The “two-week deadline” for a U.S. decision on Iran ensures that geopolitical risk will remain front and centre in the minds of investors, likely leading to continued headline-driven volatility. The market appears to be in what one analyst described as the “eye of the hurricane,” a period of deceptive calm before heightened volatility resumes in the coming quarters.²⁰

Looking ahead, several key catalysts will be critical for investors to monitor:

• Diplomatic Developments: Any news, whether positive or negative, emerging from the Middle East will be the primary market-moving catalyst. Signs of genuine de-escalation could spark a significant relief rally, while any move toward wider conflict would likely trigger a sharp sell-off.
• Economic Data: With the Fed in a data-dependent mode, upcoming U.S. economic reports will be heavily scrutinised. The Non-Farm Payrolls report, a key measure of the labour market’s health, will be particularly crucial for informing the Fed’s next policy move and shaping rate cut expectations.²⁴
• Central Bank Commentary: Speeches from officials at the Fed, ECB, and other central banks will be parsed for any subtle shifts in tone, especially regarding the growing policy divergence and their respective outlooks on inflation and growth.

For investors, the current environment calls for a cautious and nimble approach. The key will be to manage risk defensively, perhaps by considering the strategic overweight to value and small-cap stocks that some analysts are recommending, while maintaining enough “dry powder” or cash reserves to capitalise on potential sell-offs that may be driven by headline risk rather than a fundamental deterioration in the economic outlook.²⁰

Disclaimer

This report is for informational and educational purposes only and should not be construed as an offer or recommendation to buy or sell any securities, commodities, currencies, or other investments. The information contained herein is based on sources believed to be reliable, but its accuracy, completeness, and timeliness are not guaranteed. Investors should seek personal and independent financial advice regarding the appropriateness of investing in any securities, funds, or investment strategies discussed in this report. Views regarding future prospects may or may not be realised. Past performance is not indicative of future results. ¹²

References

1. Stocks struggle, oil up for 3rd week as Trump weighs US action on Iran – Daily Maverick, accessed on June 21, 2025, https://www.dailymaverick.co.za/article/2025-06-20-stocks-struggle-oil-up-for-3rd-week-as-trump-weighs-us-action-on-iran/
2. Market Watch · Enriched Thinking® · Scotia Wealth Management, accessed on June 21, 2025, https://enrichedthinking.scotiawealthmanagement.com/2025/06/20/market-watch-88/
3. Weekly market recap & what’s ahead – 16 June 2025 – Saxo Bank, accessed on June 21, 2025, https://www.home.saxo/content/articles/macro/weekly-market-recap-what-s-ahead—16-june-2025-16062025
4. Market Quick Take – 20 June 2025 | Saxo, accessed on June 21, 2025, https://www.home.saxo/content/articles/macro/market-quick-take—20-june-2025-20062025
5. Dow Jones Today: S&P 500 Slips, Oil Falls as Investors Watch Israel …, accessed on June 21, 2025, https://www.investopedia.com/dow-jones-today-06202025-11758190
6. Europe’s stock markets are finally having their moment in the sun, accessed on June 21, 2025, https://www.fidelity.co.uk/markets-insights/markets/europe/europes-stock-markets-are-finally-having-their-moment-in-the-sun/
7. Asian stocks mixed as oil rises on Iran-Israel tensions, markets wary …, accessed on June 21, 2025, https://timesofindia.indiatimes.com/business/international-business/asian-stocks-mixed-as-oil-rises-on-iran-israel-tensions-markets-wary-of-trumps-next-move-amid-inflation-tariff-concerns/articleshow/121972921.cms
8. Australia Stock Market Index – Quote – Chart – Historical Data – News – Trading Economics, accessed on June 21, 2025, https://tradingeconomics.com/australia/stock-market
9. Australian shares set for first weekly drop in six as Middle East … – Mint, accessed on June 21, 2025, https://www.livemint.com/market/stock-market-news/australian-shares-set-for-first-weekly-drop-in-six-as-middle-east-conflict-weighs-11750381798861.html
10. U.S. stocks drift to mixed finish as Wall Street closes week of modest losses – Toledo Blade, accessed on June 21, 2025, https://www.toledoblade.com/business/stock-market/2025/06/20/stocks-wall-street-closes-week-kroger-carmax-smith-wesson/stories/20250620120
11. Share Market Live, Share Market Today: Latest Share Market News, Share Market Live Updates on The Economic Times, accessed on June 21, 2025, https://economictimes.indiatimes.com/markets
12. POST-MARKET SUMMARY 20th June 2025 – Liquide Blog, accessed on June 21, 2025, https://blog.liquide.life/post-market-summary-20th-june-2025/
13. Schwab’s Market Open Update, accessed on June 21, 2025, https://www.schwab.com/learn/story/stock-market-update-open
14. Sensex & Nifty Live Updates Today: Stock Market Trends & Key Moves – 20th June, 2025, accessed on June 21, 2025, https://groww.in/blog/sensex-and-nifty-live-updates-today-20th-june-2025
15. 5 Things to Know Before the Stock Market Opens – Investopedia, accessed on June 21, 2025, https://www.investopedia.com/5-things-to-know-before-the-stock-market-opens-june-20-2025-11758154
16. Banxico seen cutting rates to 8% despite sticky inflation – Reuters poll – FXStreet, accessed on June 21, 2025, https://www.fxstreet.com/news/banxico-seen-cutting-rates-to-8-despite-sticky-inflation-reuters-poll-202506202034
17. Weekly market recap & what’s ahead – 16 June 2025 – Saxo Bank, accessed on June 21, 2025, https://www.home.saxo/en-au/content/articles/macro/weekly-market-recap-what-s-ahead—16-june-2025-16062025
18. Report for Friday, June 20, 2025 – The Cipher Brief, accessed on June 21, 2025, https://www.thecipherbrief.com/report-for-friday-june-20-2025
19. Stock Market Highlights: Sensex settles 1,046 pts higher, Nifty …, accessed on June 21, 2025, https://m.economictimes.com/markets/stocks/live-blog/bse-sensex-today-live-nifty-stock-market-updates-20-june-2025/liveblog/121964238.cms
20. June 2025 US stock market outlook: Has the storm passed? – Morningstar Australia, accessed on June 21, 2025, https://www.morningstar.com.au/markets/june-2025-us-stock-market-outlook-has-storm-passed
21. Is Deal Activity On The Rise? 3 Signs We See Now | J.P. Morgan, accessed on June 21, 2025, https://www.jpmorgan.com/insights/markets/top-market-takeaways/tmt-is-deal-activity-on-the-rise-three-signs-we-see-now
22. Global Private Markets Report 2025 | McKinsey, accessed on June 21, 2025, https://www.mckinsey.com/industries/private-capital/our-insights/global-private-markets-report
23. 5 things to watch on the ASX 200 on Friday 20 June 2025 – Motley Fool, accessed on June 21, 2025, https://www.fool.com.au/2025/06/20/5-things-to-watch-on-the-asx-200-on-friday-20-june-2025/
24. 2 June 2025 | Weekly Market Review – YouTube, accessed on June 21, 2025, https://www.youtube.com/watch?v=KdzUSEDHFkU