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Field Marshal Asim Munir's White House lunch with President Trump signals a complex geopolitical play involving the US, Pakistan, Iran, and India. Driven by strategic needs, Trump's embrace of Pakistan's army chief, despite democratic concerns, highlights Pakistan's potential role in a possible US-Iran conflict.
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Indian market closed in the red for the second consecutive day in a row on Wednesday. The BSE Sensex fell more than 100 points while the Nifty50 managed to hold on to 24,800 levels.
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Inflation in the UK saw a slight decrease in May. The Office of National Statistics reported a 3.4% rise in consumer prices. This figure is still above the Bank of England's 2% target. Air fares and transport costs decreased, but food prices increased. Economists anticipate the Bank of England to maintain its interest rate. Geopolitical uncertainty makes economic forecasting difficult.
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