Public Markets 3 Hours

Last updated: June 22, 2026, 11:30 AM ET

Energy & Commodities

U.S. oil production is expected to see modest growth next year as companies temper spending due to market uncertainty, despite a significant increase in the flow of oil through the Strait of Hormuz. The strait is now handling oil at its fastest pace since the Iran war began, even with Tehran's claims of closure Gulf oil floods through Hormuz. Meanwhile, U.S. natural gas futures gained on July weather outlooks, driven by hotter forecasts that are expected to boost cooling demand, though rising production capped the advance. Qatar has stated that an explosion at its Ras Laffan industrial complex, which resulted in 13 fatalities and 66 injuries, will not impact its liquefied natural gas exports Qatar says explosion won't affect LNG exports.

Automotive & Technology

EV maker Lucid Group announced it will cut 18% of its U.S. workforce as part of an ongoing restructuring effort. These job reductions, which also include the elimination of the chief operating officer position, are projected to save approximately $158 million annually. In a separate technology development, Google is investing $75 million in the studio A24 as part of a research partnership focused on artificial intelligence.

Global Markets & Sovereign Debt

Argentina's government has authorized up to $5 billion in new dollar-denominated borrowing Argentina approves dollar borrowing, seeking multilateral funding to meet upcoming debt payments. Mexico is also tapping global debt markets to fund a bond buyback, aiming to manage its deficit under pressure from credit-rating agencies. Senegal's government is open to discussing a debt restructuring Senegal open to debt restructure as mounting payment pressures threaten key economic sectors. Meanwhile, U.S. Vice President JD Vance described recent talks with Iran over the weekend as "very, very good," with both sides aiming for a peace deal within two months and a formal end to the war Vance hails 'good day' of Iran talks.

Corporate & Financial News

Silver mining company Sinda Ltd. is seeking to raise as much as $345.2 million through a U.S. initial public offering and private placement Silver miner Sinda seeks $345.2M IPO, capitalizing on elevated metals prices. In addition, former New York Governor Andrew Cuomo will lead a new venture between NYSE parent and crypto exchange OKX, signaling a move by politicians into the digital assets sector. Germany's financial sector was rattled by a leadership change at the world's second-oldest lender Stunning ouster at Germany's second-oldest bank, where Hendrik Riehmer had transformed the institution into a competitor in investment banking.

European Policy & UK Markets

European Central Bank President Christine Lagarde stated that the bank sees no need for a more forceful response to the Middle East conflict Lagarde sees no need for more forceful ECB response, as inflation is projected to return to target over the medium term. In the UK, bond investors are anticipating the impact of a potential new Chancellor following Prime Minister Keir Starmer's resignation Bond traders plot impact of next UK Chancellor, with Rachel Reeves' position seen as uncertain. Markets reacted calmly to Starmer's announcement, but clarity on the direction of the next government remains elusive Investors wonder where British economy goes next.