Oil dropped and bonds climbed as the US and Iran refrained from further strikes, easing concerns over disruptions to Middle East energy supplies. Brent fell as much as 7.4% to below $90 a barrel as the US paused an almost two-week run of strikes against Iran, before paring about half its losses. Treasuries rose, while European bond futures and Asia Pacific government bonds advanced as the drop in oil prices tempered inflation concerns. The yield on the benchmark 10-year Treasury fell four basis points to 4.63%. The dollar, the haven of choice during the Middle East conflict, weakened against all of its Group-of-10 peers. Futures contracts for the Nasdaq 100 Index climbed 1.2%, indicating a rebound after last week’s selloff in chip stocks. European equities were also poised for gains. Asian shares edged up 0.3% after swinging between small gains and losses ahead of megacap tech earnings later this week. Chinese chipmaker CXMT Corp. jumped 472% on its trading debut. The lull in hostilities sets the tone for a pivotal week in markets, with traders focused on whether the Federal Reserve will raise interest rates on Wednesday after a recent surge in oil prices fueled inflation concerns. Investors also await earnings of tech bellwethers after a recent backlash against heavy spending on artificial intelligence. After striking Iran for 13 days, the US has apparently held off since late Friday without explanation, raising questions about President Donald Trump’s next move. Iran’s army said Sunday that Tehran had also suspended its military response. Tensions in the Middle East had sent oil prices soaring in July, overshadowing a tamer-than-expected reading on June consumer prices that seemed to offer officials breathing room to keep rates stable.Three days of Group-of-Seven central bank decisions begin with the Fed on Wednesday, followed by the Bank of England and the Bank of Japan. While no changes are expected in interest rate policy, officials are likely to emphasize vigilance over the inflationary impact of higher energy prices IIn Asia, the Singapore dollar strengthened against the US currency after officials further tightened monetary policy. The Indonesian rupiah dropped with bonds and stocks after Bank Indonesia Governor Perry Warjiyo resigned unexpectedly. In other corners of the market, non-interest-bearing gold climbed over 1% to near $4,100 an ounce. The yen strengthened to about 163.55 per dollar. South Korea’s Kospi Index declined almost 1%. Another key focus for markets will be earnings from tech companies this week after a recent round of selling in AI stocks rekindled doubts over whether billions of dollars being poured into infrastructure will generate commensurate returns. The selloff showed how much the narrative around AI and the Magnificent Seven tech behemoths has shifted. This change makes for a tough setup heading into this week, with earnings from Microsoft Corp. and Meta Platforms due on Wednesday, followed by Apple Inc. and Amazon.com Inc. on Thursday. In Asia, chipmakers Samsung Electronics Co. and SK Hynix Inc. are also due this week.
Nikkei +0.11% Hang Seng +0.81% CSI +0.25% Kospi -0.50%Shanghai +0.40% Shenzen +1.68%
Eur$ 1.1405 CNH 6.7688 CNY 6.7690 JPY 163.57 GBP 1.3353 CHF 0.8151 RUB 77.8592 TRY 47.3577 WTI$ 84.85 -5,02% Gold 4,093 +1,02% BTC 65,241 +1,08% ETH 1,953 +2,25%
S&P +0.89% Nasdaq +1,46% EuroStoxx +0.90% FTSE +0.30% Dax +0.98% SMI +0.54%
Macro :
- Chinese Biotech Overtakes AI as Emerging-Market Growth Trade
- Hedge Funds Turn Most Negative on Canadian Dollar Since 2024
- Trump Vows Fresh Tariffs on European Union Over Google Fine
- Trump Vows Fresh Tariffs on European Union Over Google Fine
- Brevan Howard Digital eyes turnaround after heavy losses
- Davidson Kempner Drew UK Tax Scrutiny, Ex-Partner Claims
- Blue Owl Credit Income Gets Buyback Requests for 18.8% of Shares
Keep an eye on :
Keep an eye on :
- ANA SM : Acciona Energía Sells Spanish Wind Portfolio to Galp for €432M
- AIR FP : Aviation Sector to Get Billions in Rebates to Upgrade Altimeters
- AMZN US : NASA to Support Testing for Blue Origin’s New Glenn Rocket
- Anthropic IPO : Anthropic Unveils More Cost-Efficient Model for Everyday Tasks
- AAPL US : Trump Caught Between Apple and Micron in Fight Over Chinese Chips -- WSJ
- ARGX BB : Argenx to Buy Forte Biosciences for About $2.2 Billion in Cash
- AZN LN : AstraZeneca 2Q Core EPS Beats Estimates
- BKR US : Baker Hughes 2Q Adjusted EPS Beats Estimates
- BX US : Blackstone, Brookfield, KKR Ink $16 Billion Kuwait Oil Deal
- BNP FP : BNP Paribas Cardif Buys Warburg Pincus’ Stake in IndiaFirst
- Boring Co. IPO : Elon Musk's Boring Company Eyes $20 Billion Valuation in New Funding Round -- WSJ
- AVGO US : Samsung, Broadcom Sign $200B Pact Across Memory, Foundry Tech
- BF/B US : Brown-Forman Rejects Sazerac’s Renewed $15 Billion Offer ($32:share bid)
- CXMT IPO : 688825 CH : China Chipmaker CXMT Jumps 530% in Debut After Blockbuster IPO
- DKSH SW : DKSH To Buy Meliane Brand From Bayer Across 30 Markets
- LLY US : Eli Lilly-Backed Scribe Indicated at $25 Each, IPO Price $15
- ENT LN : Entain Transitions Two Brands to Alberta’s Regulated Market
- FBRX US : Argenx to Buy Forte Biosciences for About $2.2 Billion in Cash ($77/share - 40% Premium vs Friday close)
- FRAS LN : Frasers pushing to install Michael Murray as chief of Hugo Boss
- GOOGL US : Waymo explores split with Uber as robotaxi tensions deepen
- GOOGL US : Waymo Is Racking Up Thousands of Dollars of Parking Fines in Austin -- WSJ
- INTC US : Intel, Lens Tech to Develop Glass-Based Semiconductor Packaging
- META US : Instagram, Facebook Ran AI ‘Nudify’ Ads from China, Report Says
- 035420 KS : Naver Jumps 13% on Nvidia Plan to Buy 4.5% Stake in the Company
- IR5B ID : Irish Continental Agrees to Management Buyout at €8/Share
- NVDA US : Naver Jumps 13% on Nvidia Plan to Buy 4.5% Stake in the Company
- NVDA US : Nvidia in Talks With OpenAI to Guarantee $250 Billion Financing for Data Center -- WSJ
- PPT AU : Perpetual Gets Sweetened Offer From EQT at A$22.50/Share (1)
- PINE LN : Ridgeview Partners Makes £4.48/Shr Cash Offer for Pinewood Tech
- SGO FP : Saint-Gobain pushes ahead with US expansion despite slow housing market - FT
- 005930 KS : Samsung, Broadcom Sign $200B Pact Across Memory, Foundry Tech
- SCTX US : Scribe Said to Allocate Over 75% of IPO Shares to 10 Investors,
- SESG FP : SES Sees ~$5.6b in C-Band Incentive Payments After FCC Decision
- 3383 JP : Seven & i Shares Dip After Ending Deal Talks With Poland’s Zabka
- 034730 KS : SK Chair Says Anthropic Asked for Supplies to Make Its Own Chips
- 034730 KS : Nvidia to Invest $1 Billion in Naver and Expand SK Group Accord
- SPM IM : Saipem Wins Approx. €800m in Contracts From Eni
- SPCX US : Musk Says All Code in X System to Be Open Source
- SPCX US : Musk Says All Code in X System to Be Open Source
- SPCX US : European SpaceX Rival in Talks to Raise $300 Million, FT Reports
- PSKY US : Paramount, Warner Merger Paused Until Court Rules or June, 2027
- SPCX US : SpaceX Launches Major Starship Test in Post-IPO Spotlight
- SPCX US : SpaceX Turns Away Falcon Customers in Major Bet on Starship
- TE FP : Technip Energies Signs Pact With EDF for EPR2 Nuclear Program
- TFI FP : TF1 2Q Revenue Meets Estimates
- VIRI FP : Mauritius, Seychelles to Ink Accord With Viridien for Oil Search
- VOW GY : Volkswagen engineers charged with insider trading tied to Rivian joint venture - Techcrunch
- ZURN SW : Finma Opens Enforcement Against Zurich Insurance, Blick Reports