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Kalshi Inc. is looking to expand its new perpetual futures business beyond digital assets after the never-expiring derivatives racked up more than $5.5 billion of trading volume in their first two weeks on the prediction-market platform.
Source
Bloomberg Markets
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The interim peace agreement between the U.S. and Iran seems to be doing little to answer some of the thornier questions about the Strait of Hormuz, including how much longer it will take for products other than crude to start moving through again.
Japan's exports in May grew at their fastest pace since November 2022, boosted by robust demand for cars and semiconductors.
Governments around the world look to be facing lofty borrowing costs for at least the rest of the year, even as the fragile Middle East truce lowers energy prices and curbs inflationary fears.
Gold held gains, as the US and Iran prepared to sign an interim peace deal that may ease global inflationary pressures arising from the war.
