Stocks pulled back on the final trading day of the week, while crude oil rose as escalating Middle East tensions revived concerns over energy supplies, testing the durability of a rally that had lifted equities to record. The MSCI All Country World Index, the broadest measure of global equities, slipped 0.3% as clashes between the US and Iran heightened tensions in the Middle East, fueling speculation that higher energy costs would weigh on economic growth. Asian shares fell 1.2%, pulling back from a record close after Wall Street benchmarks also retreated from their peaks. Even so, Asian equities were set for a fifth week of gains, the longest winning streak since January. Futures signaled losses may spread to Europe after American forces responded to Iranian attacks on naval destroyers as they sailed in the Strait of Hormuz on Thursday. Some resilience emerged with US stock-index futures rising 0.2%. President Donald Trump threatened to hit Iran “more violently” in the future if the Islamic Republic didn’t sign a deal fast. Trump described the action a “love tap” in a telephone interview with ABC News, and said that the ceasefire with Iran was still “in effect.” Brent crude climbed 1.2% to around $101 per barrel with traders concerned a prolonged closure of the Strait of Hormuz would disrupt oil and gas supplies. Despite the gain, oil has fallen more than 6% this week. Global equities have been boosted in recent weeks by expectations that heavy spending on artificial intelligence will boost corporate profits and revive the so-called AI trade. Even with bouts of volatility, investors remained focused on US de-escalation efforts in Iran, betting that easing geopolitical tensions could keep energy prices in check and support the broader risk backdrop. Elsewhere, the dollar hovered around pre-war levels amid optimism the US-Israel conflict with Iran was nearing an end. The Treasury 10-year yield held at 4.39%, having risen two basis points this week, as elevated oil prices stoked inflation concerns. Gold edged up to about $4,710 an ounce. In a bid to ease the crisis, the US president had announced “Project Freedom,” an initiative to help ships transit the strait, before abruptly suspending it. Saudi Arabia and Kuwait have lifted restrictions on the US military’s ability to use regional bases, the Wall Street Journal reported Thursday, indicating that could allow the Trump administration to restart the effort to ease traffic through the strait. Washington is waiting on Tehran to respond to its proposal to reopen the strait, with tensions still high in both the Persian Gulf and in Lebanon. An Iranian official said the nation wouldn’t allow a reopening with “an unrealistic plan,” the Wall Street Journal reported, citing Press TV. Elsewhere, Trump’s 10% global tariffs were declared unlawful by a federal trade court in a fresh blow to the administration’s economic agenda in the latest setback for the president’s effort to levy tariffs without input from Congress. While Asian stocks dropped on Friday, earlier sessions this week saw regional equities repeatedly climb to records. The Kospi is the world’s best-performing gauge in 2026 as traders bet the country’s corporations will boost earnings as the key suppliers to the artificial intelligence buildout. Goldman Sachs Group Inc. increased its target for South Korea’s benchmark stock index again in less than three weeks, saying the market is underestimating the durability of semiconductor memory earnings. US After Hours INOD +28.1%, AKAM +25.1%, FROG +17.5%, LASR +14.7% higher on earnings; IREN +5.7% on NVDA deal and earnings; KLAC +0.7% 10-for-1 stock split; FWRD -44.6%, DXC -19.4%, UPWK -18.3%, CRWV -8.8% lower on earnings.
Nikkei -0.74% Hang Seng -1.09% CSI -0.90% Shanghai -0.43% Shenzen -0.35%
Eur$ 1.1737 CNH 6.8012 CNY 6.8028 JPY 156.84 GBP 1.3573 CHF 0.7798 RUB 74.4439 TRY 45.3607 WTI$ 95.54 +0.76% Gold 4,729 +0.30% BTC 79,680 -0.23% ETH 2,279 -0.39%
S&P +0.19% Nasdaq +0.29% EuroStoxx -0.74% FTSE -0.77% Dax -0.78% SMI -1
%
Macro :
- Trump Gives EU Until July 4 to Ink Deal, Extending Deadline (2)
- How Anthropic's Mythos Threw the White House AI Strategy Into Chaos -- WSJ
- How Anthropic's Mythos Threw the White House AI Strategy Into Chaos -- WSJ
- Oil Climbs Following Fresh Clashes Between US and Iranian Forces
- Gundlach Takes Longshot Bet in Case of US Debt Restructuring
- Europe’s Power Network Gets a Wartime Wakeup Call
- Switzerland’s Population Cap Idea Splits Voters Down the Middle
Keep an eye on :
Keep an eye on :
- ABNB US : Airbnb Gains on Revenue Outlook Boost, World Cup Optimism
- AKER NO : Aker 1Q Net Asset Value per Share NOK1,478
- ALV GY : Natl Bk Greece to Take 30% Stake in Allianz European Reliance
- ANA SM : Acciona FY Ebitda Forecast Beats Estimates
- AMS SM : Amadeus 1Q Adjusted Profit Beats Estimates
- AMZN US : AWS Investigating Services Impacted in N. Virginia Region
- Anthropic IPO : Anthropic Weighs Deal for Near $1 Trillion Valuation: FT
- Anthropic IPO : Anthropic Weighs Deal for Near $1 Trillion Valuation: FT
- AAPL US : Apple’s Camera-Equipped AI AirPods Reach Advanced Testing Stage
- POST AV : Austrian Post 1Q Revenue Beats Estimates
- BC8 GY : Bechtle 1Q Ebit Beats Estimates
- BPT LN : Bain, Bridgepoint Exploring Offers for Network Plus: Sky
- BP/ LN : BP CEO Meg O’Neill Says Company Reorg to Begin in June: Reuters
- IAG LN : IAG 1Q Revenue Meets Estimates
- BRNL NA : Brunel 1Q Ebit EU7.9M Vs. EU8.4M Y/y
- BWO NO : BW Offshore Extends BW Catcher Contract Through 2030
- CLN SW : Clariant 1Q Adjusted Ebitda Misses Estimates
- CBK GY : Commerzbank 1Q Net Income Beats Estimates, Commerzbank Targets Net RoTE of About 21% in 2030
- CTH1V FH : Componenta 1Q Sales Under Estimates
- CRWV US : CoreWeave 1Q Revenue Beats Estimates CoreWeave Falls as Cash Burn Offsets Strong Revenue: Street Wrap
- DKNG US : DraftKings 1Q Revenue Meets Estimates: Snapshot (1)
- ENEL IM :Enel 1Q Adjusted Net Income Beats Estimates
- ENEL IM :Enel 1Q Adjusted Net Income Beats Estimates
- ENEL IM : Enel Reports Lower Q1 Attributable Profit, Total Revenue, Enel Sees Most Brownfield Opportunities in US
- ENT LN : Entain Rises as Betaville ‘Uncooked Alert’ Fuels Bid Speculation
- EQL SS :EQL Pharma 4Q Sales Above Estimates
- EVK GY : Evonik 1Q Adjusted Ebitda Beats Estimates
- EXPE US : Expedia Sees 2Q Gross Bookings $32.5B to $33.1B, Est. $33B
- FER SM : Ferrovial NV 1Q Ebitda Beats Estimates
- FNAC FP : France’s AMF Says EP Group Offer for Fnac Complies With Rules
- GBL BB : GBL 1Q Net Assets EU13.30B Vs. EU14.04B Q/Q
- GMAB DC : Genmab Maintains FY Revenue Forecast
- GEV US : GE Vernova Hires Nuclear Executive Edwards for Small Reactors
- GILD US : Gilead Sees 2026 Loss on $11.5 Billion in Deal-Related Costs (1)
- GLV ID : Glenveagh Holder Teleios Capital Partners Offers Shares
- GRF SM : Grifols 1Q Net Revenue Misses Estimates
- HEIJM NA : Heijmans Maintains FY Revenue Forecast
- HEX NO : Hexagon Composites Offering of 68.8m Shares Prices at NOK8/Share
- ICOS IM : Intercos 1Q Adjusted Ebitda EU25M Vs. EU29.3M Y/y
- IFX GY : Infineon Says US ITC Orders Import, Sales Bans Vs Innoscience
- INSM US : *INSMED SHARES PLUNGE 24% IN WORST ONE-DAY DROP SINCE MARCH 2020
- INRN SW :Interroll Acquired Royal Apollo Group; No Terms
- ITERA NO : Itera 1Q Revenue Beats Estimates
- KRN GY : Krones 1Q Ebitda Meets Estimates
- LAND SW : Landis + Gyr FY Adjusted Ebitda Beats Estimates
- LONN SW : Lonza Maintains FY Sales at Constant FX Forecast
- MANTAZ FH : Mandatum 1Q Pretax Loss EU25.9M, Est. Profit EU36.7M
- MEL SM : Melia Hotels 1Q Ebitda Meets Estimates
- MOBN Sw : Mobimo Targets Investment Portfolio Growth To CHF4.5B By 2030
- NVDA US : Iren Signs $3.4b AI Cloud Contract With Nvidia
- PIRC IM : Pirelli 1Q Adjusted Ebit Beats Estimates, Pirelli Boosts FY Revenue Forecast
- REN PL : REN 1Q Net Income EU36.2M Vs. EU14.4M Y/y
- SIFG NA : SIF 1Q Adjusted Ebitda EU21.0M Vs. EU9.63M Y/y
- SKAB SS : Skanska Signs SEK990m Deal For Malmo Football Facility
- TOKMAN FH : Tokmanni 1Q Comparable Ebitda Misses Estimates
- TTE FP : TTE: U.S. fund threatens to divest TotalEnergies stake over wind move, FT says
- VGP BB : VGP Offering of 3.06m Shares Prices at EU81.80/Share
- WMG US : Warner Music 2Q Revenue Beats Estimates