
Penny Matters
June 17, 2025 at 04:18 AM
Market outlook:
👉 President Donald Trump urged immediate evacuation of Tehran after Israel intensified its bombings across Iran, targeting Iran’s elite military force and state-owned media buildings. Donald Trump called for the full evacuation of Tehran amid ongoing Israeli airstrikes, reiterating that Iran should have signed his proposed nuclear deal
👉 Meanwhile, Iran reportedly urged several Middle Eastern nations to pressure Trump into pushing Israel toward a ceasefire
👉 G7 leaders reach a draft deal on securing critical mineral supply chains—aiming to reduce China dependence, ensure fair sourcing, and counter future disruptions. Yet to be signed by Trump
👉India Imports contracted 1.6 per cent to $60.61 billion in May due to contractionn in inbound shipments of petroleum, coal and gold, data released by the commerce departmentt showed. As a result, the trade deficit narrowed considerably to $21.88 billion in the month after widening significantly to $26.42 billion in April.
Technical Outlook: - Market is trading in range, awaiting direction wherein 25067/25260 is the resistance range and 24800/24600 is the support range
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