Investors celebrate US-Iran deal
6/16/202611 min
Global equities rallied and oil prices fell after an agreement to reopen the Strait of Hormuz, and hedge funds are betting against the debt and equity of some of Europe’s largest carmakers. Plus, a Russian online sabotage network was behind a series of arson attacks on Sir Keir Starmer’s family home and other targets linked to the UK prime minister.
Mentioned in this podcast:
Stocks surge as US-Iran deal ignites global rally
Hedge funds bet against European carmakers on Chinese competition fears
Arson targeting Keir Starmer properties originated in Russia
Want to get in touch? Email us at podcasts@ft.com
Note: The FT does not use generative AI to voice its podcasts
The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Michela Tindera, Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Clips
Transcript preview
First 90 secondsMark Filippino· Host0:00
[intro music] Good morning from the Financial Times. Today is Tuesday, June 16th, and this is your FT news briefing. Investors celebrated the news of a US-Iran deal, and hedge funds are downbeat on European car makers. Plus, we'll take a look at how Russia is recruiting unwitting foot soldiers in Europe.
Helen Warrell0:19
This is a sign of a gig economy of people being recruited online, often paid via crypto to do actions in the real world.
Mark Filippino· Host0:30
I'm Mark Filipino, and here's the news you need to start your day. [intro music] Global equities rallied and oil prices fell yesterday. That's after an agreement to reopen the Strait of Hormuz was announced over the weekend. Investors are betting the US-Iran deal will reverse a surge in energy prices due to the conflict. But with inflation riding high, how long could it take for lower energy prices to actually make a difference? Here with me now is the FT's US markets editor, Kate Duguid. Hi, Kate.
Kate Duguid1:05
Hi.
Mark Filippino· Host1:05
So why are investors feeling so optimistic about this deal?
Kate Duguid1:10
So I think that the, the reason why investors are optimistic about this deal is because we've heard from Iran as well as from the United States. Previously, we had kind of only been hearing from President Trump, um, and the White House, and we had not been hearing from Tehran. So I think that that's the real reason that investors are taking this seriously,