European Stocks Open Higher, Germany's DAX30 Index Up 1.4%

June 12 — Bitget market data shows U.S. pre-market trading saw mixed results across the optical communication and storage sectors, with details below: Optical Communication Sector: NOK rose 2.7%, AAOI gained 0.41%, COHR advanced 1.14%, while MRVL fell 2.26%. Storage Sector: STX edged up 0.01%, WDC added 0.51%, SNDK dropped 0.41%, and MU declined 1.55%.

June 12 – Bank of Korea Governor Lee Ju-yeol warned that the central bank can’t afford to fall behind the curve when taming inflation. His remarks signal policymakers are increasingly urgent to act sooner rather than later. In his comments, Lee cited ongoing Middle East tensions as boosting inflation concerns. This has cemented market bets the Bank of Korea will resume tight monetary policy as early as next month, as the Iran crisis lifts energy prices and disrupts global supply chains. Overall, when balancing growth, inflation, and financial stability, Lee said monetary policy signals are relatively clear. While central bankers must weigh multiple factors, they can’t delay action too long if price stability is at risk. Even with cost-relief measures easing some pressure, South Korea’s inflation is likely to stay above its target level for an extended period.

June 12 – Per Bitget market data, SpaceX’s impending IPO has driven pre-market gains for U.S. aerospace stocks. Intuition Machinery climbed 3.6%, Planet Lab advanced 3.8%, Rocket Lab surged 7.5%, and Satellogic rose 5.5%.

June 12, according to Iran’s Mehr News Agency, the U.S. and Iran have reached a memorandum of understanding (MOU) to reopen the Strait of Hormuz within 30 days. Bitget market data shows both WTI and Brent crude futures dropped more than 4% during intraday trading.

According to Bitget market data, European stock indices notched strong gains on June 12, with Germany’s DAX 30 Index, France’s CAC 40 Index, and the Euro Stoxx 50 Index all climbing over 2%.

June 12 — According to Bloomberg, the élysée Palace has released an attendee list showing that several top artificial intelligence (AI) industry executives will participate in the upcoming Group of Seven (G7) summit in France. The annual gathering, which brings together leaders from the world’s major economies, will officially kick off next week. The executives set to attend include Sam Altman from OpenAI, Demis Hassabis from Google’s DeepMind, and Dario Amodei from Anthropic. All three companies have confirmed their representatives will be present at this year’s G7 summit. Click the original article link below to join the BlockBeats · Feishu AI News Channel, which continuously monitors global AI trends and news 24/7.