Markets Rally as Tehran Seeks Off-Ramp - Monday 16 June

Wall Street rebounds and oil retreats as Iran signals a willingness to de-escalate. With missiles still flying, markets are betting on containment — not escalation. Meanwhile, retail sales roar back in China, and takeover talk fuels sharp moves in London and Europe.

We break down the day’s key moves across the U.S., Europe, and Asia — from the Strait of Hormuz to the FTSE and beyond.

📌 Show Notes

• Wall Street climbs as Middle East tensions appear contained

• Oil prices fall despite attacks on energy infrastructure

• Iran reportedly urges Saudi Arabia to push for a U.S.-brokered ceasefire

• Empire State manufacturing data sinks further into contraction

• FTSE and Stoxx 600 rise on hopes for diplomatic off-ramp

• Entain, Metro Bank, and Spectris soar on guidance upgrades and M&A buzz

• China’s retail sales beat forecasts; industrial output and property lag

• South Korea’s Kakao stocks and Japan’s chipmakers lead Asia’s rally

• Renault tumbles as CEO de Meo eyes move to Kering