Global Economy Briefing — June 20, 2026

With Wall Street closed for Juneteenth, the spotlight fell on Europe, where shares eased from record highs and oil headed for an 8% weekly fall as a new Israel-Hezbollah ceasefire reinforced the region’s calm. British shoppers staged a surprise spending surge, and crude has now surrendered nearly all the gains it made during the four-month Iran conflict — a powerful tailwind for Brazil’s freshly begun easing cycle.