June 24, 2026
United States:
US Diesel Prices Fall Under $5, Easing Inflationary Pressure
The cost of diesel in the US fell below $5 a gallon for the first time since mid-March, offering some relief for one of the global economy’s most important fuels.
The national average retail price declined to $4.98 a gallon on Wednesday, according to the American Automobile Association. That’s down from a peak of $5.69 a gallon in April, though still well above the $3.76 a gallon recorded on the eve of the US-Iran war.
Europe:
German Business Outlook Improves a Bit as Uncertainty Wanes
Germany’s business outlook brightened slightly in June, easing worries about the knock-on effects of the Iran war on Europe’s largest economy.
An expectations index by the Ifo institute rose to 84.1 from a revised 83.9 the previous month. That’s below the 84.8 median estimate in a Bloomberg survey. A gauge measuring current conditions improved more markedly.
Asia:
BOJ Summary Affirms Rate Hike Stance as Inflation Risks Mount
The Bank of Japan signaled the need for further increases to the benchmark interest rate in a summary of opinions from a last week’s board meeting, when authorities raised the policy rate to the highest since 1995.
“As for the future conduct of monetary policy, given that underlying CPI inflation has been approaching 2% and financial conditions have been accommodative, it is appropriate for the bank to continue to raise the policy interest rate” in response to economy, inflation and financial conditions, one of nine board members said, according to a summary of the June 15-16 meeting released Wednesday.
Disclaimer:
Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
