Oil advanced for a second day and Asian stocks fell as the standoff between the US and Iran intensified, reigniting inflation concerns and boosting bets for an interest-rate hike. Brent rose as much as 2.8% to $85.64 after President Donald Trump reinstated the US blockade of Iranian ships transiting the Strait of Hormuz. Trump also demanded a 20% reimbursement on all other cargo shipped through the waterway. Treasuries and the dollar steadied as traders awaited Tuesday’s US consumer price index data. Money markets priced in about 50% odds of a Fed rate hike in July as Governor Christopher Waller said officials may need to raise rates to tame price pressures. MSCI’s gauge of Asia Pacific shares were little changed in volatile trading as South Korea’s Kospi Index swung between gains of as much as 2.5% and losses as steep as 5.3%. Equity-index futures indicated a weak start for European shares. The latest wave of attacks between the US and Iran dashed hopes for a near-term normalization of traffic through the Strait of Hormuz. The escalation adds another layer of uncertainty in a pivotal week for markets, with earnings season kicking off alongside US inflation data and Fed Chair Kevin Warsh’s congressional testimony, both seen as key to the outlook for interest rates. The flare-up comes as investors are increasingly questioning whether the enormous sums being poured into artificial intelligence will generate commensurate returns. An AI-fueled stock rout in South Korea on Monday spilled over into the US market, underscoring concerns that the boom has become overextended. The Philadelphia Semiconductor Index slumped 4.8%. “Uncertainty around the Middle East continues, but we think the AI wave is what will drive markets over the next few weeks, especially as earnings season kicks off,” said Sonu Varghese at Carson Group. Attention remained on the chip sector, with SK Hynix Inc. shares rising as much as 1% after slumping 9% earlier. Elsewhere, the yen rose against the dollar and Japanese government bonds advanced across the curve, after Finance Minister Satsuki Katayama’s comments fueled expectations that the government is stepping up efforts to attract cash to domestic markets. Meanwhile, Fed’s Waller said on Monday that policymakers may need to raise rates in the near term if underlying inflation continues to signal broad price pressures. In data due Tuesday, the consumer price index is expected to slow to 3.8% in the year through June, from 4.2% in May, according to a Bloomberg survey of economists. Warsh will also make his first appearance before Congress as Fed chair. US After Hours TREX +4.6% as it realigns distribution network and guides higher; MBX -11.7% after it names new CEO and new CFO; PENG -6.7% on convertible notes offering.
Nikkei +0.26% Hang Seng -0.07% CSI +0.84% Kospi +0.96% Shanghai +0.83% Shenzen +1.03%
Eur$ 1.1394 CNH 6.7817 CNY 6.7804 JPY 162.28 GBP 1.3366 CHF 0.8136 RUB 76.7978 TRY 47.0358 WTI$ 79.82 +2.09% Gold BTC ETH
S&P +0.09% Nasdaq +0.41% EuroStoxx -0.45% FTSE -0.03% Dax -0.42% SMI
Macro :
- UK Grid Operator Starts Independent Probe Into Heat Wave
- Calpers Notches 14.8% Return in Fiscal 2026, Driven By Stocks
- EU Nations to Discuss Impact of Methane Rules on Energy Securitydis
Keep an eye on :
Keep an eye on :
- AQ SS : AQ Group 2Q Sales Beat Estimates
- AKSO NO : Aker Solutions Sees FY Revenue NOK50B to NOK55B
- ARJOB SS : Arjo Maintains FY Organic Revenue Forecast
- AZA SS : Avanza 2Q Operating Income Beats Estimates
- BACTIB SS : Bactiguard 2Q Revenue Beats Estimates
- BALDB SS : Balder 2Q Rental Income Beats Estimates
- BUFAB SS : Bufab 2Q Sales Above Estimates
- DMP GY : Sees FY Outlook Revenue of EUR 1.182B - 1.218B, Compared With FactSet Consensus Estimates of EUR 1.2 Billion -->-4.5%
- DNB NO : DNB Bank 2Q Return on Equity Beats Estimates, DNB Bank to Launch Up to NOK4.8 Billion Share Buyback
- DOM SS : Dometic 2Q Net Sales Meet Estimates
- DRW3 GY : Draegerwerk Prelim 2Q Net Sales About EU847m
- DUNI SS : Duni 2Q Sales Above Estimates
- ERICB SS : Ericsson 2Q Adjusted Ebita Meets Estimates
- EL FP : Meta Is Flooding the Market With Smartglasses. Privacy Advocates Are Up in Arms. -- WSJ
- EVT GY : Evotec Cuts FY Revenue Forecast
- GALP PL : Galp 2Q Refining Margin Misses Estimates
- GOOGL US : Swiss Competition Body Investigates Google Over Android Feature
- HLAG GY : Hapag-Lloyd Boosts FY Ebitda Forecast
- HMS SS : HMS Networks 2Q Sales Above Estimates
- INW IM : Inwit to Pursue Trial After Court Setback on Relief From TIM
- KVUE US : Kenvue Shares Slip After Tylenol Case Revived by Appeals Court
- KESKOB FH : Kesko June Comparable Sales +7.5%
- KREATE FH : Kreate 2Q Revenue Beats Estimates
- LIFCOB SS : Lifco 2Q Net Income Beats Estimates
- LIME SS : Lime Technologies 2Q Sales Above Estimates
- LULU US : Lulu’s to Review Strategic Options
- NCCB SS : NCC 2Q Net Sales Miss Estimates
- NAS NO : Norwegian Air 2Q Operating Revenue Misses Estimates
- NSKOG NO : Norske Skog 2Q Total Operating Income Misses Estimates
- NVDA US : Nvidia halves Asia buyer list in China chip crackdown
- OHLA SM : JPMorgan SE to Offer 83m OHLA Shares in Hedging Transaction
- OHLA SM : OHL Holders Forjar, Solid Rock to Buy Additional 7.22% Stake --> OHL Shares Offering Prices at EU0.4446/Share
- PSKY US : Paramount Says Merger Challenge ‘Must Be Rejected’
- 1SMA GY : Germany’s Smag Sinks in Debut as Defense Stock Appetite Ebbs
- 1SMA GY : Germany’s Smag Sinks in Debut as Defense Stock Appetite Ebbs
- SOF BB : TPG, Sofina, Multiples in race to pick up $80-100 million stake in Giva
- 9984 JP : SoftBank, Sierra Tie Up on AI Customer Service in Japan
- SWON SW : Softwareone Names Raphael Erb as CEO After Crayon Integration
- SPCX US : SpaceX Moving Toward Faster Launch Cadence, Raymond James Says
- SPI LN : Spire Healthcare Chair Cheshire Steps Down: Sky
- MSTR US : Strategy Raises Reserve to $3 Billion With Stock Sale
- TIM IM : Inwit to Pursue Trial After Court Setback on Relief From TIM
- 8TRA GY : Traton Preliminary 2Q Adj. Operating Profit €957m
- TLW LN : Tullow To Sell Kenya Rights to Gulf Energy for $9m
- TLW LN : Tullow To Sell Kenya Rights to Gulf Energy for $9m
- VITB SS : Vitec Software 2Q Sales Above Estimates
- VOS GY : Vossloh Cuts FY Sales Forecast
- WOSG LN : Watches of Switzerland FY Revenue Meets Estimates
- XVIVO SS : Xvivo 2Q Sales Above Estimates
- YPFD AR : Argentina IPO Pipeline Grows as YPF Unit Files for US Listing