Equity indexes rise with dollar and oil, inflation and Iran in focus
Key takeaways
- Equity indexes rise with dollar and oil, inflation and Iran in focus By Sinéad Carew and Marc Jones Fri, June 12, 2026 at 12:00 AM GMT+7 4 min read DX-Y.NYB CL=F By Sinéad Carew and Marc Jones
- Iranian sources and Western officials had said that indirect U.S.-Iranian talks on a preliminary peace deal had intensified but hostilities this week have muddied prospects for a swift resolution.
- Meanwhile, on the data side, U.S. producer prices increased more than expected in May, leading to the largest annual gain in 3-1/2 years as the Middle East conflict drove up the cost of energy products.
Equity indexes rise with dollar and oil, inflation and Iran in focus By Sinéad Carew and Marc Jones Fri, June 12, 2026 at 12:00 AM GMT+7 4 min read DX-Y.NYB CL=F By Sinéad Carew and Marc Jones
NEW YORK/ LONDON, June 11 (Reuters) - MSCI s global equities index rose modestly to erase some of the prior session s losses while the dollar rose on Thursday as investors digested the latest inflation data and oil futures rose even as attacks in the Middle East dampened hopes for peace.
President Donald Trump said on Thursday the United States would hit Iran "very hard tonight" and wanted at some point to take Iran s oil infrastructure hub Kharg Island, after strikes by both sides in the Gulf undermined a shaky ceasefire which began in April. Iranian sources and Western officials had said that indirect U.S.-Iranian talks on a preliminary peace deal had intensified but hostilities this week have muddied prospects for a swift resolution.