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Markets3h 24m ago

The European Central Bank (ECB) raised interest rates by 25 basis points on Thursday, June 11, marking its first rate increase since 2023.

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euro zone, United States, Iran, India, Canada, Mexico

Who
European Central Bank (ECB), Donald Trump, SpaceX, FIFA
What
The European Central Bank (ECB) raised interest rates by 25 basis points on Thursday, June 11, marking its first rate increase since 2023.
When
Thu, 11 Jun 2026 16:31:00 GMT · 3h 24m ago
Where
euro zone, United States, Iran, India, Canada, Mexico ·
Why
The ECB raised rates citing persistent inflation pressures and escalating conflict involving Iran driving energy prices higher.
The Frontline Impact

How this affects you

The ECB's rate hike aims to combat inflation in the Eurozone, while escalating US-Iran tensions and rising crude oil prices are impacting global markets and currencies like the Indian Rupee. SpaceX's anticipated IPO debut and the FIFA World Cup 2026 preparations are also in focus.

Story chain

12 events in this thread
  1. Markets44m ago
    President Donald Trump announced the suspension of US military strikes on Iran, citing progress in peace negotiations.
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  2. Markets1h 8m ago
    Planet Labs PBC shares are climbing Thursday as rotation into commercial space stocks builds ahead of SpaceX's historic IPO.
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  3. Markets1h 12m ago
    Crypto perpetual contracts are pricing a 22% Day-1 jump for the SpaceX IPO, while Polymarket traders are less convinced.
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  4. Markets1h 21m ago
    Stocks surged and oil prices tumbled after Donald Trump called off planned attacks against Iran, backing down from earlier threats.
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  5. Markets1h 22m ago
    US stocks are rallying, and oil prices are falling Thursday after President Donald Trump said he called off his threat to bomb Iran in the evening.
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  6. Markets1h 23m ago
    US oil prices collapsed below $87 with WTI crude dropping nearly 3% after President Trump canceled planned Iran strikes.
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  7. Markets1h 38m ago
    Space stocks, led by Momentus and Virgin Galactic, rallied ahead of SpaceX’s Nasdaq debut.
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  8. Markets1h 40m ago
    US stocks rallied and oil prices fell after President Donald Trump called off a threat to bomb Iran, raising hopes for a deal that could get the global flow of crude going again.
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  9. Markets2h 19m ago
    Iran warned the US that attacks on its energy infrastructure, specifically Kharg Island, could destabilize global energy markets and lead to severe consequences.
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  10. Markets2h 35m ago
    President Trump said on Thursday that the US will launch additional attacks on Iran for a second day in a row and threatened to take over Iran’s energy and oil infrastructure.
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  11. Markets3h 15m ago
    Retail investors are selling top AI-performing stocks, especially semiconductors like Micron Technology, Inc. and Advanced Micro Devices, Inc., to raise cash for the SpaceX IPO scheduled for Friday.
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  12. Currently Reading3h 24m ago
    The European Central Bank (ECB) raised interest rates by 25 basis points on Thursday, June 11, marking its first rate increase since 2023.

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