{"id":2638,"date":"2026-06-22T06:08:43","date_gmt":"2026-06-22T06:08:43","guid":{"rendered":"https:\/\/reliablemovingcrews.com\/?p=2638"},"modified":"2026-06-22T06:08:43","modified_gmt":"2026-06-22T06:08:43","slug":"morning-bid-any-progress-is-good-with-hormuz-at-stake","status":"publish","type":"post","link":"https:\/\/reliablemovingcrews.com\/?p=2638","title":{"rendered":"Morning Bid: Any progress is good with Hormuz at stake"},"content":{"rendered":"
\n
June 22 (Reuters) – A look at the day ahead in European and global markets from Wayne Cole.<\/div>\n
It’s been a choppy session in Asia as off-again, on-again peace talks between the U.S. and \u200bIran seemed to make progress.<\/div>\n
The whole process looked in doubt after President Trump threatened fresh \u200cattacks on Iran, and Tehran said it had closed the Strait of Hormuz again.<\/div>\n
Then Iranian negotiators said progress had actually been made in the first session of talks, while officials for Oman and Pakistan stated a \u200bcommittee was being formed to run the discussions with an eye to reaching a \u200bdeal in 60 days.<\/div>\n
The status of the strait was not entirely clear, \u2060with shipping having slowed after U.S. Central Command said 55 vessels passed on Saturday, while \u200btracking showed 32 the day before. Iran also suggested a mechanism would be set up to \u200bcontrol the vital waterway, presumably including some sort of fee on shipping.<\/div>\n
The apparent progress saw Brent reverse course and slip 2.5% to under $79.00 a barrel, while Asian share markets swung higher. Wall Street futures and \u200bTreasuries pared early losses, though the mounting risk of a Federal Reserve rate hike \u200bloomed large.<\/div>\n
Futures imply around a 75% chance of a rate rise as early as September and 41 basis \u200cpoints \u2060of tightening by year-end. Yields on 2-year Treasuries duly touched the highest since early 2025 at 4.2276%.<\/div>\n
Trump also caused a stir in the UK by posting that Prime Minister Keir Starmer was set to resign, after multiple media reports that Starmer would announce his exit plans to allow \u200ba leadership contest by rival \u200bAndy Burnham, who won \u2060an election for a seat in parliament decisively last week.<\/div>\n
If true, Burnham is considered certain to take the top job and likely to \u200bshake up the cabinet including replacing finance minister Rachel Reeves. The \u200bgilt market \u2060is unsure how committed Burnham is to fiscal strictness and worried he could end up spending and borrowing more.<\/div>\n
Key developments that could influence markets on Monday:<\/div>\n
– Federal Reserve Board Governor Christopher Waller \u2060gives \u200bwelcome remarks<\/div>\n
– ECB President Christine Lagarde and Economy Commissioner \u200bValdis Dombrovskis speak<\/div>\n
– EU consumer confidence for June<\/div>\n
– Canadian inflation for May<\/div>\n<\/div>\n

Read more SK Hynix overtakes Samsung to become Korea\u2019s most valuable company<\/a><\/p>\n

Read more Stocks rally in Asia as Iran cites progress in talks<\/a><\/p>\n

Read more Trump\u2019s Iran folly opens slim path to safer world<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A look at the day ahead in European and global markets from Wayne Cole.<\/p>\n","protected":false},"author":1,"featured_media":2637,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nMorning Bid: Any progress is good with Hormuz at stake - Reliable Moving Crews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/reliablemovingcrews.com\/?p=2638\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Morning Bid: Any progress is good with Hormuz at stake - Reliable Moving Crews\" \/>\n<meta property=\"og:description\" content=\"A look at the day ahead in European and global markets from Wayne Cole.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/reliablemovingcrews.com\/?p=2638\" \/>\n<meta property=\"og:site_name\" content=\"Reliable Moving Crews\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-22T06:08:43+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/reliablemovingcrews.com\\\/?p=2638#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/reliablemovingcrews.com\\\/?p=2638\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/reliablemovingcrews.com\\\/#\\\/schema\\\/person\\\/34f02a869ba60b78ae3d994f205e0d24\"},\"headline\":\"Morning Bid: Any progress is good with Hormuz at stake\",\"datePublished\":\"2026-06-22T06:08:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/reliablemovingcrews.com\\\/?p=2638\"},\"wordCount\":410,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/reliablemovingcrews.com\\\/?p=2638#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/reliablemovingcrews.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/c2f4fd4fa75e4008c423bea414be51dd.avif\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/reliablemovingcrews.com\\\/?p=2638#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/reliablemovingcrews.com\\\/?p=2638\",\"url\":\"https:\\\/\\\/reliablemovingcrews.com\\\/?p=2638\",\"name\":\"Morning Bid: Any progress is good with Hormuz at stake - 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