Europe News-Economy

England

BOE Rate Decision

The Bank of England voted 7-2 to keep Bank Rate unchanged at 3.75% in June 2026, as policymakers weighed easing inflation against continued uncertainty from volatile global energy markets linked to Middle East tensions.

Two members of the Monetary Policy Committee preferred a 0.25 percentage point hike to 4%.

Switzerland

SNB Rate Decision

The Swiss National Bank kept its policy rate at 0% in its June 2026 meeting, as expected, stating the current stance supports price stability and economic growth.

Policymakers noted that medium-term inflation pressures remain largely unchanged, despite recent price increases driven by higher energy costs.

Retail Sales

USA Retail Sales

Retail sales in the US increased 0.9% mom in May 2026, higher than a downwardly revised 0.4% rise in April and above forecasts of 0.5%, signalling a robust consumer spending. Core retail sales rose by 0.8%.

Europe - LME Metals

LME Warehouse

Holland

Rotterdam , Amsterdam, Moerdijk, Oosterhout, and Zaandam-WIRE Report:

LME Warehouses

Belgium

Antwerp- WIRE Report:

LME Warehouses

Germany-Italy

Hamburg and Duisburg, Genoa, Livorno, Salerno, Ravenna, Monfalcone, and Trieste- WIRE Report:

LME Warehouses

Spain

Bilbao, Barcelona, Valencia, La Coruña, and Vigo- WIRE Report:

US-Iran War

US-Iran-Israel War in 2026 has created energy ripples in the entire world with Iran Blocking the Strait of Hormuz. US and Israeli strikes have killed the Iranian Supreme leader Ayatollah and scores of Civilian and Military leaders.

18.45 PM: US President Donald Trump has signed the US-Iran Peace deal despite opposition from Israel

Ukraine-Russia war

Ukraine-Russia war is going out for last 4 years and is the most prominent conflict in Europe after the end of WW II. Russia has occupied about 80% of the eastern Ukraine and is fighting to take over key cities like Kharkov.

18.48 PM: Ukraine has launched series of drone strikes on Russian energy facilities.

US-Cuba

US under President Donald Trump is trying for a long time to control Cuba on a strategic basis. Recent US success in capturing Venezuelan Dictator Maduro and its Oil has emboldened the US president.

18.50 PM: Cuban government is maintaining a cautious autonomy till now despite US threats.

US-China

US and China is confronting each other is multiple trade and geopolitical fronts. Chinese movements in South China Sea and around Taiwan is a major point of concern between the two other than the trade.

19.00: US-China trade agreement is still fraught with uncertainty as both push for trade space.