News

The French stock index preliminarily closed down 0.21%, the Italian stock index preliminarily closed down 0.05%, the banking index rose 0.64%, and the British stock index preliminarily closed up 0.69%.

BlockBeats News, June 22, according to Bitget market data, WTI crude oil fell below $74 per barrel, down 4.22% intraday; Brent crude oil fell below $77 per barrel, down 3.91% intraday. On the news side, according to ongoing constructive talks in Switzerland, Iran has committed to ensuring the free and open passage of the Strait of Hormuz and will allow International Atomic Energy Agency inspectors to enter its territory. As part of a framework agreement, the US Department of the Treasury has issued a 60-day temporary general license, authorizing the production, delivery, and sale of Iranian oil.

Lori Calvasina of RBC Capital Markets stated that as long as the Federal Reserve's tightening cycle remains moderate, the US stock market should be able to withstand interest rate hikes. "As long as there are around two rate hikes of 25 basis points each over the next 12 months, I think the stock market will ultimately be fine," Calvasina, head of US equity strategy at the bank, said on Monday. "The stock market seems able to withstand anything done moderately."