Stocks fell along with equity-index futures as investors rushed to the safety of haven assets after Israel attacked Iran’s nuclear program sites in a major escalation of tensions in the Middle East. Crude oil jumped as much as 9.3%. Contracts for US equities retreated around 1.5% as Israel’s Prime Minister said the operation “will continue for as many days as it takes to remove this threat.” Asian stocks dropped 0.4%. Treasuries advanced with the 10-year yield dropping three basis points to 4.33%. The yen strengthened 0.2% to 143.16 against the dollar and gold rose over 1%. Bitcoin and Ether led a drop in cryptocurrencies. West Texas Intermediate crude traded at $73.39 a barrel, which is 28% more than a low hit in early May. Oil is on course for the biggest weekly gain since 2022. The moves erased the losses for this year, driven by the fall-out from global trade tensions and a decision by OPEC+ to revive shuttered capacity at a faster-than-expected clip. Israel attacked Iran in a major escalation in the standoff over Tehran’s atomic program. The move came amid renewed questions about diplomatic efforts to resolve tensions over Iran’s atomic work. US and Iranian negotiators are scheduled to hold a sixth round of talks in Oman on Sunday, but President Donald Trump said this week he’s less confident about the chances of a deal. The attack is “poised to echo through global markets—not just as a geopolitical flashpoint, but more as a stark wake-up call,” said Hebe Chen, an analyst at Vantage Markets in Melbourne. “Investors now have to face the mounting threat of multi-front tensions, where potential new hot wars and intensifying trade wars collide, reshaping risk sentiment in real time.” Israel declared a state of emergency after conducting the “preemptive strikes,” Israeli Defense Minister Israel Katz said. Israel’s move came after repeated warnings by Israeli Prime Minister Benjamin Netanyahu about striking Iran and crippling its nuclear program. Earlier on Thursday, Iran had said it would inaugurate a new uranium-enrichment facility in response to censure by the UN atomic watchdog over its nuclear program. Israel is already involved in a major military operation in Gaza where it’s been bombarding and blockading the civilian population for the past 20 months as it tries to destroy Hamas following the group’s deadly attack on the Jewish state on Oct. 7, 2023. US Secretary of State Marco Rubio said the US is not involved in the air strikes and Israel took unilateral action against Iran. A gauge of the dollar rose 0.2% after initially falling on the report. The currency hit a three-year low Thursday. US After Hours RH +19.2% up big on earnings; ADBE -0.6% ticks lower on earnings
Nikkei -1.13% Hang Seng -0.98% CSI -0.84% Shanghai -0.85% Shenzen -1.36%
Eur$ 1.1527 CNH 7.1881 CNY 7.1845 JPY 143.60 GBP 1.3567 CHF 0.8094 RUB 80.0037 TRY 39.4654 WTI$ 74.40 +9.40% Gold 3,428 +1.58% BTC 104,500 -1.44% ETH 2,515 -4.89%
S&P -1.52% Nasdaq -1.71% EuroStoxx -1.69% FTSE -0.46% Dax -1.67% SMI -1.38%
Macro :
- Trump Says He May Raise Auto Tariffs in ‘Not Too Distant Future’
- Hedge Funds Present All Long Trading Ideas at Sohn Monaco
- Hedge Funds Present All Long Trading Ideas at Sohn Monaco
- CAC 40 ESG : In : EN, DSY ,EL, ERF, STLAF Out : ALO, ADP, AKE, GEC, LI SW
- Senators to Propose Ban on Drug Advertising to Consumers -- WSJ
- RFK Jr.’s Vaccine Panel Includes Paid Witnesses Against Merck
Keep an eye on :
- AEDAS SM : Apollo Said to Ready €750 Million Loan for Neinor’s Aedas Bid
- AGS BB : Foreign Buyers in $10 Billion Scramble for UK Takeover Targets
- AMD US : AMD Dips After Discussing New Products at AI Event: Street Wrap
- ANTIN FP : United Rentals Cut to Neutral at Redburn; PT $760
- AAPL US : Apple Targets Spring 2026 for Release of Delayed Siri AI Upgrade
- MT NA : Italy to Increase State Funds for Ex-Ilva by €200 Million: Urso
- BBVA SM : BBVA’s New MREL Requirement Set at 23.13% of Total RWAs
- BA US : Boeing CEO Ortberg Canceling Trip to Paris Air Show: Reuters
- BPCE : BPCE Is Said to Near Almost €7 Billion Deal for Novo Banco (1)
- CAMX SS : Camurus Holder Sandberg Development Offers SEK1.3 Bln in Shares, Camurus Offering by Holder Prices at SEK580/Share
- ACA FP : Crédit Agricole Buys Majority Stake in Comwatt; No Terms
- CVC NA : Antin, CVC Could Bid for Exor’s Lifenet Healthcare: Sole
- EQNR NO : Equinor Says Trump U-Turn on Wind Farm Curbs Appetite to Invest
- EXO NA : Antin, CVC Could Bid for Exor’s Lifenet Healthcare: Sole
- FSKRS FH : Fiskars Lowers FY Comparable Ebit View on Tariff Impact
- FNOX SS : Fortnox to Hold EGM July 9 on Request by EQT X and First Kraft
- FNOX SS : Fortnox to Hold EGM July 9 on Request by EQT X and First Kraft
- FRA GY : Fraport May Frankfurt Airport Passengers +1.8%
- G IM : Generali Started Evaluation of Mediobanca Bid on Banca Generali
- HER IM : Hera, Edison May Compete for Unoenergy’s Clients Portfolio: MF
- ITAB SS : Itab Shop Concept Holder WQZ Offers About 6.2m Shares
- IVG IM : Leonardo Faces Pressure to Boost Bid for Iveco Defense Unit
- KVUE US : Kenvue Mulls Sale of Some Skincare, Beauty Brands: Reuters
- KESBKOB FH : Kesko May Comparable Sales -2.1%
- LEG GY : LEG Adjusts Conversion Price for Convertible Bond Due Sept. 1
- LDO IM : Leonardo Faces Pressure to Boost Bid for Iveco Defense Unit
- MRK US : Merck’s Keytruda Gets FDA OK for Head and Neck Cancer
- MU US : Micron boosts US investment plan by $30 billion amid Trump's onshoring push https://t.co/UWd202bf0H https - Reuters
- 3659 JP : Tencent Studies Deal for $15 Billion Game Developer Nexon
- NOVOB DC : Novo Nordisk to Advance Amycretin Into Phase 3 Development
- OKLO US : Oklo Offering of $400 Million of Shares Prices at $60/Share
- 1913 HK : Prada - 5.70%
- OMC US : Omnicom Extends Drop on Report FTC Mulling IPG M&A Restrictions
- PROX BB : Proximus Completes Luxembourg Mobile Tower Infra Sale for ~€111m
- PROX BB : Proximus Completes Luxembourg Mobile Tower Infra Sale for ~€111m
- PROX BB : Proximus Sells 92.7% Stake in Be-Mobile; Enterprise Value €170M
- SHEL LN : Shell to sell WestWind stake, target new opportunities in wind
- SSE LN : Sohn Monaco: Knight Vinke’s Founder Pitches Power Supplier SSE
- TMO US : Thermo Fisher Seeks to Sell Part of Its Diagnostics Unit: FT
- TSLA US : Waymo Fleet Manager Targets Funding That Would Lift Valuation Past $1 Billion
- X US : Nippon Steel US Deal May Stall If Not Enough Freedom: Nikkei
- UCB BB : UCB to Grow US Footprint With New Biologics Manufacturing Plant
- VOYG US : Voyager Technologies Shares Fall in Second Trading Day Post-IPO
- ZURN SW : Zurich Airport May Passenger Traffic +0.1%