Oil rose after President Donald Trump cast doubt on the Iran ceasefire, fueling concern the closure of the Strait of Hormuz will be prolonged. Asian stocks whipsawed after calls in South Korea for a dividend using taxes on AI profits. Brent crude climbed almost 1% to above $105 a barrel as the stalled negotiations between the US and Iran and the continued closure of the strait indicated energy costs will stay elevated. That kept bonds under pressure, with the Treasury 10-year yield rising one basis point to 4.42%. The dollar strengthened against all its Group-of-10 peers on haven demand.
Korea’s Kospi slid as much as 5.1% before paring declines, after a top policymaker said the nation should pay citizens a dividend using taxes on AI profits. The comments by presidential policy chief Kim Yong-beom fueled sharp swings in equities as investors struggled to parse the scope of his proposals. MSCI’s Asia Pacific index swung between gains and losses, while equity-index futures pointed to a 0.6% loss for European shares at the start. Contracts for Wall Street benchmarks also edged lower after the underlying gauges closed at a record high on Monday. Fresh Middle East tensions are set to challenge the rally in global equities, even as robust US earnings and a revival in the AI trade drive a fresh round of upgrades to Wall Street’s year-end targets. Attention is also turning to Tuesday’s US inflation data, which will show how much war-driven price pressures are feeding through and could shape the outlook for Federal Reserve interest rates. Pressures from the Middle East haven’t yet had “a massive impact on the growth impulse in the US,” Colin Purdie, chief investment officer for public markets at Manulife Investment Management, said on Bloomberg Television. “That could come through if this goes on significantly longer than now. So right now we see the Fed on hold.” The ceasefire between the US and Iran reached a particularly precarious moment as Trump said the agreement was on “massive life support” after he rejected Tehran’s latest peace offer. Trump called Iran’s response to his proposal a “piece of garbage” and said he “didn’t even finish reading it.”
Trump didn’t indicate whether the US would resume military attacks on Iran as he previously has threatened if the Islamic Republic’s leadership didn’t agree to his terms. Trump told Fox News earlier on Monday that he’s looking at reviving a plan to escort ships through the Strait of Hormuz. Trump is heading to Beijing for a high-stakes summit with Chinese President Xi Jinping on Thursday, with trade and the war in Iran expected to dominate the agenda. The roster of business leaders invited to join Trump on his China trip left off Nvidia Corp. Chief Executive Officer Jensen Huang. Elsewhere, traders will also be paying attention to the pound and gilt markets with Keir Starmer facing growing pressure to step down as prime minister. While the Iran conflict has dragged on, the singular focus on a handful of AI leaders has kept the market remarkably immune to the latest developments in the Middle East, Tony Sycamore, a market analyst at IG Australia, wrote in a note. Some on Wall Street are also concerned that elevated oil prices and fears about potential shortages could derail the stock rally. Michael Burry, the investor made famous in The Big Short, has warned that the Nasdaq 100 Index is headed toward a dramatic reversal after a “parabolic” surge that has driven technology valuations to unsustainable heights. US After Hours PACS +16%, QUBT +15%, HLIT +14.6% higher on earnings; MVST -39.2%, PSIX -36.7%, GTM -27.5% under pressure after earnings; ALHC +5.2% higher on news it will join S&P SmallCap 600.
Nikkei +0.57% Hang Seng +0.30% CSI -0.31% Shanghai -0.40% Shenzen -1.04%
Eur$ 1.1757 CNH 6.7930 CNY 6.7939 JPY 157.57 GBP 1.3586 CHF 0.7797 RUB 73.7339 TRY 45.3970 WTI$ 98.89 +0.84% Gold 4,715 -0.01% BTC 81,200 -0.73% ETH 2,310 -1.15%
S&P -0.17% Nasdaq -0.44% EuroStoxx -0.65% FTSE -0.56% Dax -0.77% SMI -0.54%
Macro :
- Michael Burry Warns of Stock Crash as Tech Jump Echoes 2000 Peak
- French State Cedes €2.5B in Asset Stakes to Caisse Des Depots
- EU Council, Parliament Reach Provisional Deal on Critical Drugs
- Software Stocks Will Reveal Payoff From AI Spending: Macro View
Keep an eye on :
Keep an eye on :
- 1U1 GY : 1&1 1Q Ebitda Beats Estimates
- AB9 GY : Abo Energy No Longer Expects Positive Result for Current Year
- AGFB BB : Agfa-Gevaert 1Q Revenue EU236M Vs. EU242M Y/y
- AIR FP : Lufthansa Orders Airbus, Boeing Long-Haul Aircraft for $7.7B
- AMZN US : Amazon staff use AI tool for unnecessary tasks to inflate usage scores
- ASTS US : AST SpaceMobile Shares Drop as 1Q Revenue Misses Estimates
- AAG GY : Aumann 1Q Ebit EU2.47M
- BAVA DC : Bavarian Nordic Raises FY Revenue Forecast, Beats Estimates
- BAYN GY : Bayer 1Q Adjusted Ebitda Beats Estimates
- BFF IM : BFF Bank 1Q Net Banking Income EU103.4M Vs. EU86.6M Y/y
- CAMX SS : Camurus 1Q Revenue Misses Estimates
- AFX GY : Carl Zeiss Meditec 1H Sales EU991.0M; to Cut up to 1,000 Jobs
- COLOB DC : Coloplast 2Q Ebitda Misses Estimates
- CWC GY : Cewe Stiftung Maintains FY Ebit Forecast
- CRI FP : Compagnie Chargeurs 1Q Revenue EU165.7M Vs. EU187.8M Y/y
- DOU Gy : Douglas Group FY Outlook Above Consensus
- DOV IM : DoValue Wins €430 Million Servicing Mandates in Italy
- DUE GY : Duerr 1Q Orders Misses Estimates
- EUZ GY : Eckert & Ziegler 1Q Net Income EU10.4M Vs. EU9.7M Y/y
- ELG GY : Elmos Semiconductor Holders Offer ~1.77m Existing Shares
- ENITY SS : Enity Holder EQT Offers About 12m Shares
- FSKRS FH : Fiskars Sets New Financial Targets for 2026-2030 Period
- FQT AV : Frequentis Holder B&C Holding Österreich Offers Shares: Terms
- GTLB US : *GITLAB FALLS 7% ON PLANS TO CUT JOBS, FY 2027 COMMENTS
- GPRO US : GoPro Shares Soar After Announcing Results, Strategic Review --> +25% - WSJ : GoPro Reviewing Possible Sale After Receiving Inquiries
- GOOGL US : *ALPHABET SHARES CLOSE DOWN 3% IN BIGGEST DROP SINCE MARCH
- GOOGL US : Google Says Hacker Used Mythos-Like AI for Software Tool Exploit
- GYC GY : Grand City Properties 1Q Adj. Ebitda EU86M Vs. EU84.6M Y/y (1)
- HALO US : Halozyme 1Q Adjusted EPS Beats Estimates
- HLIOS US : Helios Technologies Boosts FY Adjusted EPS Forecast
- HPUR NO : Hexagon Purus 1Q Revenue Beats Estimates
- HIMS US : Hims Sales Miss on Rising Competition for Weight-Loss Drugs
- HSBA LN : HSBC Held Meeting With UK Banks Over Climate Risk Disclosure: FT
- IMB LN : Imperial Brands Maintains FY Adjusted Operating Profit Forecast
- INH GY : Indus Holding 1Q Adjusted Ebita EU42.5M
- IOS GY : IONOS Group SE 1Q Revenue Meets Estimates
- ITRK LN : Activist Palliser Is Said to Build Stake in EQT Target Intertek
- JEN GY : Jenoptik 1Q Ebitda Beats Estimates
- KBC GY : KBC 1Q Net Interest Income Beats Estimates
- KWS GY : KWS Saat 9M Ebit EU311.1M Vs. EU282.1M Y/y
- LDO IM : The boss of Italy’s defence champion fell foul of politics — and the army - FT
- LSG NO : Leroy 1Q Operational Ebit Beats Estimates
- LINK NO : Link Mobility 1Q Revenue Above Estimates
- LHA GY : Lufthansa Orders Airbus, Boeing Long-Haul Aircraft for $7.7B
- MARAS FH : Martela Reports 1Q Loss/Shr of EUR 0.52
- MB IM : Mediobanca 1Q Net Income EU322.7M Vs. EU334M Y/y
- ILM1 GY : Medios FY Outlook Below Consensus; 1Q Revenue Beats Estimates
- BMPS IM : Monte Paschi 1Q Net Income Beats Estimates
- MULTI NO : Multiconsult ASA Reports 1Q Revenue of NOK 1.61 Billion, Compared With FactSet Consensus Estimates of NOK 1.61 Billion
- MUV2 GY : Munich Re 1Q Profit Matches Estimates
- NOS PL : NOS 1Q Net Income Misses Estimates
- PAT GY : Patrizia 1Q Ebitda Beats Estimates
- PAT GY : Patrizia 1Q Ebitda Beats Estimates
- PLBY US : Playboy 1Q Net Revenue Misses Estimates
- PLUG US : Plug Power 1Q Net Revenue Beats Estimates -->+10%
- PNL NA :
- QUBT US : Quantum Computing 1Q Revenue Beats Estimates
- RAIVV FH : Raisio 1Q Adjusted EPS Matches Estimates
- RST LN :
- SZG GY : Salzgitter 1Q Ebitda Beats Estimates
- SFL IM : Safilo in Final Deal to Acquire Spy+, Serengeti Eyewear Brands
- SESG FP : SES 1Q Revenue Misses Estimates, SES 1Q Adjusted Ebitda EU404M Vs. EU280M Y/y
- SNTIA NO : Sentia 1Q Revenue Beats Estimates
- ENR GY : Siemens Energy Accelerates Buyback This Year on Data Center Boom
- SPG US : Simon Property 1Q FFO/Share Misses Estimates
- 9984 JP : SoftBank in Talks for Major Data Center Project in France
- SWON SW : : SoftwareONE 1Q Adjusted Ebitda CHF79.4M
- STARB SS : Starbreeze 1Q Sales Miss Estimates
- SAW G Y: Stroeer 1Q Adjusted Ebitda Beats Estimates
- TEG GY : TAG Immobilien 1Q FFO/Share EU0.26
- TECN SW : Tecan Sees FY Adjusted Ebitda Margin 15.5% to 16.5%
- TKA GY : Thyssenkrupp 2Q Adjusted Ebit Beats Estimates
- TIETO FH : Tieto Says JS BidCo Filed Counterclaim Amounting to About €110m
- TWEKA NA : TKH 1Q Turnover EU448.3M
- UN0 GY : Uniper’s Trading Arm Returns to Profit as Gas Business Improves
- UTDI GY : United Internet Maintains FY Sales Forecast, Meets Estimates
- VOD LN : Vodafone FY Adjusted Ebitda After Leases Misses Estimates
- WEN US : Trian in Talks to Raise Funds for Wendy’s Go-Private Bid: FT