Oil climbed and government bonds fell after the US and Iran launched a fresh round of attacks, escalating tensions in the Middle East. Gold and silver declined. Brent rose 1.2% to $78.94 a barrel, on track for a third straight day of gains, as the US military completed an additional round of strikes against Iran. Asian shares pared their earlier advance to gain 0.1% as a rally in chip stocks lost momentum. Futures contracts for Wall Street gauges were little changed after fluctuating between gains and losses. Sovereign bonds fell in Japan, Australia and New Zealand, extending a slide in global debt on bets the Federal Reserve will raise interest rates to counter inflation. US Treasuries were little changed in Asia, after yields on the policy-sensitive two-year yield had approached the highest level this year on Wednesday. Gold slid for a fourth day, to trade around $4,060 an ounce, as the prospect of higher interest rates weakened the appeal of the non-yielding metal. Silver dropped 0.8% to $57.85 an ounce. The flare-up in Middle East tensions and surge in oil prices have reignited inflation concerns, prompting money markets on Wednesday to bring forward bets on the next Fed rate increase to October from December. That has added to pressure on markets already grappling with elevated stock valuations after this year’s rally in artificial intelligence shares. The “chaos trade is back on the table, with oil, gold and safe havens suddenly pulled back into focus,” said Hebe Chen, a market analyst at Vantage Global Prime. Traders remain focused on the bond markets after the selloff on Wednesday. Minutes of the Fed’s June 16-17 meeting, released Wednesday, showed that a few committee members saw a case for a rate increase, though they ultimately supported the decision to make no change. The potential for higher oil prices to keep inflation elevated has guided monetary policy expectations since the US attacked Iran in late February, causing a supply shock. Veteran strategist Ed Yardeni also said the rupture in the ceasefire between the US and Iran risks sparking a fresh acceleration in price growth, which in turn may compel the Fed to raise rates. While benchmark oil prices remain well below their late-March peaks, they have climbed in recent days as fighting between the US and Iran resumed and President Donald Trump cast doubt on the durability of the ceasefire. Meanwhile, traffic through the Strait of Hormuz came to a near standstill on Thursday, after the US struck Iran for a second straight day. Observable movements in the world’s most vital energy conduit largely occurred along an Iran-approved route nearer to the waterway’s north, while the US-supported Omani corridor was quiet, ship-tracking data show. US After Hours AP +14.6% on customer order activity; AZZ +6.9% higher on earnings; LEVI -5.6% lower on earnings; COST -1.2% lower on June comps.
Nikkei +1.42% Hang Seng -0.98% CSI +1.25% Kospi +0.63% Shanghai +0.42% Shenzen +0.70%
Eur$ 1.1431 CNH 6.8002 CNY 6.7975 JPY 6.7975 GBP 1.3405 CHF 0.8068 RUB 76.3000 TRY 46.8735 WTI$ 74.52 +1.36% Gold 4,066 +0.12% BTC 62,211 +0.28% ETH 1,736 +0.20%
S&P +0.26% Nasdaq +0.34% EuroStoxx +1.21% FTSE +0.48% Dax +0.99% SMI +0.43
Macro :
- Low Level of Cash on Sidelines Is Worrying Sign: Equity Insight
- Switzerland’s Blue-Chip Stock Benchmark Adds Galderma and Sandoz
- Switzerland’s Blue-Chip Stock Benchmark Adds Galderma and Sandoz
- Swiss See ‘Good Chance’ for Lasting 15% Tariff Deal With US
- If You’re Coveting a Used Gold Rolex, Now Could Be Your Moment
- Morgan Stanley Lifts African, Egyptian Stocks; Cuts Saudi Arabia
- EU To Allow Leniency on Fiscal Rules for Nuclear Spending
Keep an eye on :
Keep an eye on :
- ANA SM : Acciona to Buy 80% of Infrastructure Contractor Vertical Earth
- AC FP : Indonesia Warns Qantas, Accor, Others Over Digital Registration
- AC FP : Accor Is Said to Tap Banks for Hoxton Owner Ennismore’s US IPO
- AIR FP : Airbus June Aircraft Deliveries 89 Jets
- ALHC US : Alignment Healthcare Falls on Report of Whistleblower Lawsuit
- AML LN : Noteholders to Aston Martin Sign Cooperation Pact Amid Debt Rout
- AZN LN : AstraZeneca Treatment Granted Orphan Drug Status by FDA
- AV/ LN : UK’s Aviva to Buy Out Dabur’s 26% Stake in India Life JV: ET
- BARN SW : Barry Callebaut 9M Sales CHF9.56B
- BE US : Bloom Extends Drop as Hunterbrook Capital Says It’s Short
- BNOR NO : BlueNord 2Q Revenue Misses Estimates
- DCC LN : DCC Extends PUSU Deadline to July 15 for ECP, KKR Consortium
- DAL US : Delta Offers a Cheaper Way to Fly First Class With Fewer Perks
- DFH US : Dream Finders Says It Still Wants to Engage With Beazer’s Board
- Dupont Registry IPO : Luxury Car Firm DuPont Registry Group Said to Pick Banks for IPO
- EPR NO : Europris 2Q Revenue Misses Estimates, Europris 2Q Revenue Misses Estimates
- EBS AV :
- RACE IM : Ex-Banker Convicted in Deadly Car Crash Seeks Ferrari Records
- FIE GY : Fielmann Sees FY Adjusted Ebitda Low End of EU590M to EU610M
- Firmus IPO : Nvidia tips $US500m into Firmus’s $US2b raising; share split underway
- GALD SW : Galderma, Sandoz to be Added to Swiss SMI Index
- GALD SW : Galderma, Sandoz to be Added to Swiss SMI Index
- GPRO US : GoPro CEO Woodman to Provide $20m Financing via Notes, Warrants, +13%
- GrubHub : Grubhub Owner Wonder Raising Funds at $9B Valuation: Information
- HEIJM NA : Heijmans Announces Renewed €210m Revolving Credit Facility
- HEM SS : Hemnet Says Competition Authority Closes Case Against Company
- INTC US : Prime Intellect Raises $130m at a $1b Valuation: TechCrunch
- IPN FP : Ipsen’s Dysport Meets Primary Endpoints in Both Migraine Trials
- KOF FP : Kaufman & Broad Reports 2Q Revenue of EUR 265.1 Million
- KOF FP : Kaufman & Broad Reports 2Q Revenue of EUR 265.1 Million
- KTN GY : Kontron Recommends Holders Not Accept Ennoconn Offer
- LEVI US : Levi Falls as Forecast Underwhelms, Earnings Beat
- MDA CN : MDA Space to Buy ~70% Interest in CLS for About €567 million, MDA Space Sets Shares Bought Deal at $35.60/Share
- META US : Capital Power Enters Long-Term Energy Supply Pact With Meta
- 100 HK : MiniMax shares fall as much as 14% in HK after a six-month lockup for some key investors ends.
- NG/ LN : UK Issues Electricity Supply Warning as Heat Wave Strains Grid
- NEOG US : NZCC to Issue Statement on Zoetis’s Proposed Neogen Unit Deal
- NESN SW : Thailand Approves $688m Nestlé’s Investment in Coffee Factory
- NDX1 GY : Nordex Books 3.1GW of Orders in 2Q 2026
- OMV AV : OMV 2Q Production Beats Estimates
- PSKY US : Paramount’s Deal for Warner Bros. Should Be Delayed, Oregon Says
- PSAN GY : PSI Software Delay Earnings Report, Auditor Asked for More Info
- RIVN US : Rivian Takes a 23% Discount to Raise $1.2 Billion: ECM Watch
- RVRC SS : RVRC Holding to Acquire 90.1% of ICANIWILL
- SALM NO : Salmar Agrees to Buy 70% of Måsøval Shrs for NOK3.4B
- SDZ SW : Galderma, Sandoz to be Added to Swiss SMI Index
- OMASP FH : S-Bank Offers €17.20 a Share in Cash for Oma Savings Bank
- 000660 KS : SK Hynix Bearish IPO Leadup Masks Strong Supply Chain Stories, SK Hynix US Offering Is More Than Seven Times Oversubscribed
- 1SMA GY : SMAG Prices IPO at €46 Per Share, Bottom of Range
- SONO US : Sonos Cut Longtime Design, Product Leaders in Company Shakeup
- SZU GY : Suedzucker Raises FY Revenue Forecast
- TSLA US : Tesla’s Merger Premium Offset by Execution Risk: BNP Paribas
- TGS NO : TGS Sells Well Data Products Business to Enverus for $100m-Plus
- TIMA GY : ZEAL Network To Buy SevenCanyon for ~£33.8m Cash
- VAR NO : Var Energi Maintains FY Production Forecast
- YCA LN : EU To Allow Leniency on Fiscal Rules for Nuclear Spending