Points
- On Sunday, Israel launched a series of airstrikes across Iran. That marks the third day of violence between the two nations.
- U.S. futures were rose Sunday night local time, while Asia-Pacific markets climbed Monday.
- China’s retail sales in May jumped 6.4% from a year earlier, sharply beating analysts’ estimates of 5% growth.
- Prices of safe-haven assets pulled back on Monday after investors piled into them after Israel’s attack on Iran Friday.
- Oil prices surged Monday, extending Friday’s gains, as investors feared a disruption to oil supply from Iran.
- Taiwan’s trade authority added Huawei and SMIC, as well as a host of their subsidiaries, to its ”Strategic High-Tech Commodities Entity List.”
- Even though stocks fell on the eruption of conflict between Israel and Iran, the market appeared resilient, wrote CNBC’s Michael Santoli.
