Overview
- President Donald Trump announced a two-week delay in deciding on US military involvement in the Iran-Israel conflict to allow space for potential negotiations.
- The CAC 40 index in Paris jumped 0.84 percent to 7,616.68 points as investors reacted positively to the announced pause.
- Israel’s military carried out overnight airstrikes on dozens of targets in Tehran, including an alleged nuclear weapons research and development center.
- Foreign ministers from France, Germany and the UK met with Iranian deputy minister Abbas Araghchi in Geneva to explore diplomatic solutions on the nuclear issue.
- Federal Reserve governor Christopher Waller advocated a rate cut at the Fed’s July meeting reflecting concerns over inflation, and France unveiled a €717 million investment in Eutelsat to strengthen European satellite capacity against Starlink.