Here's a quick overview of today's main events:

  • Figure Technology acquires AI mortgage platform Kiavi for $717 million.

  • SPAC M3-Brigade postpones the vote on the merger with the crypto firm ReserveOne.

  • ECB is deciding on interest rates today – markets expect an increase to 2.25%.

  • US inflation jumped to 4.2% in May – the highest in three years.

  • Hormuz Strait: shipping traffic remains minimal.

Overseas Investments

The blockchain-powered fintech platform Figure Technology Solutions announced the acquisition of Kiavi, one of the largest non-bank providers of credit to investors in residential real estate in the United States, for a total value of $717 million. The technology and operational portfolio of Kiavi is being acquired directly by Figure, while the balance sheet assets are being acquired by a joint venture between Figure and the global investment firm Sixth Street. Kiavi reported revenues of over $250 million and EBITDA of over $100 million last year, and has provided over $30 billion in loans in total. The acquisition will add over $7 billion in annual volume to Figure Connect and strengthen the Democratized Prime blockchain-native marketplace.

The SPAC M3-Brigade Acquisition V Corp. has postponed the extraordinary general meeting of shareholders, at which the merger with the cryptocurrency fund firm ReserveOne was to be approved. The vote has been moved from June 15 to June 18, 2026, to give shareholders more time to consider the transaction. ReserveOne plans to manage a diversified portfolio of cryptocurrencies and digital assets with yield-generating elements from staking and venture participation in blockchain infrastructure.

The American healthcare group Select Medical Holdings is moving towards privatization: shareholders will vote on June 26 on the sale to a consortium of Welsh, Carson, Anderson & Stowe and the group's founders for $16.50 per share in cash, which represents an enterprise value of $3.9 billion. The antitrust waiting period has already expired, and only shareholder approval remains.

A cross-border deal is in the works in the Japanese media market: the American group Janus Henderson is finalizing an agreement to enter a joint venture with the Japanese company Nippon Asset Management, which will add approximately $62 billion in assets under management and strengthen distribution in the rapidly aging Japanese market.

Significant Events with Global Impact

Today, June 11, 2026, the Governing Council of the ECB is meeting. The markets are pricing in a 25 basis point increase in the deposit rate to 2.25%, with a probability of 99.6%. Inflation in the eurozone reached 3.2% in May, well above the ECB's 2% target, driven by energy price increases due to the conflict in the Middle East. This would be the first rate hike since the cut in June 2025.

The US Department of Labor today released data on consumer prices for May 2026. Year-on-year inflation in the US accelerated to 4.2 percent from 3.8 percent in April, reaching the highest level in three years. The main driver is energy prices, which are rising due to the conflict in the Middle East and the closure of the Hormuz Strait.

The Hormuz Strait remains virtually closed to commercial shipping. Negotiations mediated by Pakistan between the US and Iran regarding a 60-day ceasefire and demining of the strait have stalled following new US airstrikes on June 9. The blockade of the strait, through which approximately 27 percent of the world's oil shipping traffic previously flowed, has become a key inflationary factor on both sides of the Atlantic.

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