Stocks headed for a third day of declines as little progress on de-escalating the situation in Iran kept inflation concerns front and center, with oil prices and bond yields remaining elevated. MSCI’s All Country World Index dropped 0.1%, with Asian shares falling 0.7% as concerns around Iran lingered even after President Donald Trump said he was holding off on fresh strikes on the Islamic Republic. Technology shares were weak, with South Korean stocks tumbling 3.6% after a gauge of chipmakers dropped during the US session. Contracts for the Nasdaq 100 Index also retreated. While Brent crude fell 2% to about $110 a barrel Tuesday after Trump’s comments, the commodity is still up 80% this year with the vital Strait of Hormuz still effectively shut. Higher oil prices and concerns about inflation are weighing on bonds, sending yields of government debt from Japan to the US to multi-year highs. The yield on the US 30-year bond edged up one basis point to 5.13%, having climbed to the highest since 2023 in the prior session. On Monday, yield on Japan’s 30-year government debt surged to its highest since the maturity was first sold in 1999. Tuesday’s moves followed weeks of volatility sparked by the US-Iran conflict and the closure of the Strait of Hormuz, with investors brushing aside geopolitical risks as the AI-driven rally pushed equities higher. Markets now face a key test as bond yields from Japan to the US climb and crude oil prices remain elevated, increasing the likelihood the Federal Reserve will keep interest rates higher for longer. Rising US bond yields pose a threat to Asia’s stock rally, as growing inflation fears offset ongoing optimism over benefits from the artificial intelligence boom. Over the past five years, the MSCI Asia Pacific Index has fallen in 16 of the 19 weeks when the US 10-year Treasury yield rose by 20 basis points or more, losing 1.6% on average, according to data compiled by Bloomberg. Earlier Monday, both the US and Iran said they’d rejected fresh offers as insufficient to secure a deal. The White House said a proposal delivered by Tehran through mediators Sunday lacked meaningful improvement, Axios reported. Iran, meanwhile, indicated US demands are unacceptable. Trump has repeatedly threatened renewed military action against Iran without following through. There was no immediate confirmation from Tehran of renewed talks. Trump said the US was prepared to attack if an acceptable deal wasn’t reached but didn’t set a deadline. Elsewhere, the US on Monday issued a new waiver allowing the sale of Russian crude oil and petroleum products that are already loaded on tankers, days after the previous one lapsed. Treasury Secretary Scott Bessent said in a post on X that the new general license “will help stabilize the physical crude market.” US After Hours AGYS +14.2% sharply higher on earnings; NOMD +1.1% on insider purchases; XP -4.3% lower on earnings.
Nikkei -0.76% Hang Seng +0.39% CSI -0.52% Shanghai +0.02% Shenzen -0.49%
Eur$ 1.1654 CNH 6.8041 CNY 6.8015 JPY 158.98 GBP 1.3411 CHF 0.7858 RUB 72.6796 TRY 45.5810 WTI$ 107.44 Gold 4,540 -0.21% BTC 76,822 -0.04% ETH 2,132 +0.77%
S&P -0.31% Nasdaq -0.53% EuroStoxx +0.12% FTSE +0.14% Dax +0.06% SMI +0.17%
Macro :
- BlackRock Strategists Lift DM Stocks on AI Earnings Optimism
- Goldman’s Oppenheimer Sees ‘Speed Bump Risk’ for Equity Markets
- Nokia, Engie Well Placed for Euro Stoxx 50 Entry, JP Morgan Says
- Nokia, Engie Well Placed for Euro Stoxx 50 Entry, JP Morgan Says
- Druckenmiller, Soros Family Offices Bet on Energy as War Erupted
- UK Prepares to Inject £6b for Jet Project With Japan, Italy: FT
- Citadel Securities’ Rubner Sees Risk of Flow Unwind in US Stocks
- US Approves Possible Military Sales to South Korea Worth $4.2b
- China's auto dealer inventory level reported by CADA Rises to 1.89 Months
Keep an eye on :
Keep an eye on :
- ACLN SW : Accelleron Launches CHF100 Million Share Buyback Program
- ACS SM : ACS Starts Combined Equity Offering of About 16.6m Shares: Terms, Spain’s ACS Offers €2.2 Billion Stake to Fund Data Center Plans ADP April Passenger Traffic -4.9%
- ADP FP : ADP April Passenger Traffic -4.9%
- AEVS SW : Aevis Victoria Posts Growth in Q1 Net Profit, Revenue
- AIXA GY : AIXTRON receives multiple orders for G10-AsP MOCVD Systems from Lumentum to support expansion of High-Speed Optical Solutions fo
- AKAK US : Akamai to Offer $2.6b of Convertible Senior Notes
- MT NA : ArcelorMittal Offers €623 Million Stake in Steel Tube Producer
- AML LN : Aston Martin Names Andrea Baldi as Chief Commercial Officer
- T US : AT&T Remains on Track for 2026, Multiyear Guidance
- BAKKA NO : Bakkafrost Sees FY Harvest About 117,000 Metric Tons
- BYG LN : Big Yellow Group FY Adjusted Pretax Profit Meets Estimates
- BIOMAR DC : Publication of Offering Circular and indicative price range for the Initial Public
- BA US : US Approves Possible Military Sales to South Korea Worth $4.2b
- BOSN SW : Bossard Says Stephan Zehnder Will Step Down as CFO at End-March
- CAVA US : Cava Sales Accelerating, Helped by New Menu Items: Preview
- CMTB BB : Euronav Q1 EPS $1.27 Beats $1.16 Estimate, Sales $519.630M Beat $410.212M Estimate
- DHER GY : Delivery Hero Says Uber Now Owns 19.5% of Issued Capital
- DHER GY : Uber leaves door open to Delivery Hero takeover by increasing stake - FT
- DOCS LN : Dr Martens FY Revenue Meets Estimates
- EIX US : Edison International, PG&E Drop as California Wild Fire Spreads
- ENEL IM : Enel buys seven US solar power plants for USD140 million
- EQNR NO : Equinor Issued With Order by Norway’s Ocean Industry Authority
- ESLT IT : TKMS, Elbit Sign Cooperation Pact Eyeing European Defense Market
- ENGI FP : Nokia, Engie Well Placed for Euro Stoxx 50 Entry, JP Morgan Says
- EQT SS : EU Confirms EQT to Lead €5b Scaleup Europe Fund
- EGLA IM : Eurogroup Laminations 1Q Revenue EU203.5M Vs. EU221.1M Y/y
- GOOGL US : Blackstone to Invest $5B in Google AI Cloud Joint Venture
- GSF NO : Grieg Seafood Cuts FY Harvest Forecast
- GUBRA DC : Gubra Appoints Adam Lange as Head of Investor Relations
- HNSA SS : Hansa Biopharma enters into EUR115 million licensing agreement with SERB Pharmaceuticals for IDEFIRIX in Eur
- HNSA SS : SERB Buys Idefirix Rights for Europe, MENA From Hansa Biopharma
- MBH3 GY : Hermle 1Q Sales EU110.9M Vs. EU97.2M Y/y
- HIMS US : Hims & Hers Prices Upsized $350m Convertible Sr Notes Due 2032
- HBH GY : Hornbach Holding FY Adjusted Ebit EU264.7M
- KER FP : Saint Laurent’s chief says luxury must work harder to retain customers - FT
- LAGRB SS : Lagercrantz 4Q Net Revenue Meets Estimates
- LLOY LN : Lloyds Plans Expansion into US Infrastructure Lending: FT
- MC FP : Dior boss Delphine Arnault says brand will be ‘cautious’ on pricing - FT
- MATAS DC : Matas Reports 4Q Revenue of DKK 1.98 Billion, Compared With FactSet Estimates of DKK 1.97 Billion
- NANOFH FH : Nanoform Q1 2026 report - Record first quarter revenue, income and gross margin, first exclusivity deal signed
- NOKIA FH : Nokia, Engie Well Placed for Euro Stoxx 50 Entry, JP Morgan Says
- NDX1 GY : Nordex Group receives new orders totaling 82 MW from Westfälisch-Niedersächsische Energie WNE in Germany
- OHB GY : Satellite Firm’s 600% Rally Opens Funding Options: ECM Watch
- OBCK GY : GRizzly Research is short on "How Hans Georg Näder’s Margin Loan and Russia Business Endanger Public Shareholders" -8.5%
- ROS AV : Fast-Moving California Fire Expands, Spurs Evacuations
- GLE FP : French ACPR Watchdog Fines SocGen EU20M Over Insurance Contracts
- SCHO DC : Aktieselskabet Schouw & Co.: Publication of Offering Circular and indicative price range for the Initial Public Offering of the
- SDR LN : Soderberg Joins Suitors for Schroders’ Benchmark Unit: Sky
- SpaceX IPO : SpaceX Contractor Dies at Rocket Company’s Texas Headquarters
- SQN SW : Swissquote to Implement 1:10 Share Split From May 26
- TSLA US : Musk Says ‘Activist Judge’ Ruling Creates ‘Terrible Precedent’
- TKMS GY : TKMS, Elbit Sign Cooperation Pact Eyeing European Defense Market
- UCB BB : UCB Says Bimzelx Shows Better Outcomes Over Skyrizi in PSA Trial
- VK FP : ArcelorMittal Offers €623 Million Stake in Steel Tube Producer
- VAR NO : Vår Energi ASA's share saving plan allocates shares
- ZAL NO :