US markets delivered a mixed performance overnight, with the Dow Jones climbing to yet another record high while weakness in technology stocks dragged both the S&P 500 and Nasdaq lower. Investors continued digesting the first details of the US-Iran peace agreement. Treasury yields eased further, the dollar drifted lower, and markets now look ahead to tonight’s Federal Reserve decision. Oil fell sharply while gold extended its recent gains.
📊 Equities
US markets delivered a mixed performance overnight as the Dow Jones climbed to yet another record high, while weakness in technology stocks weighed on the broader market and dragged both the S&P 500 and Nasdaq lower. Investors spent much of the session digesting the first details surrounding the peace agreement between the United States and Iran, with sentiment remaining constructive despite some profit-taking in growth stocks.
🛢️ Oil
Oil prices fell sharply as investors looked ahead to the full reopening of the Strait of Hormuz and the prospect of increased supply flows.
🥇 Gold
Gold continued to attract buyers, extending its recent gains as lower bond yields provided support for the precious metal.
💵 FX & Bonds
US Treasury yields eased further ahead of today’s highly anticipated Federal Reserve interest rate decision, while the US dollar drifted lower against the major currencies as traders adopted a cautious approach ahead of the key event risk.
📌 Today’s Focus
Attention now shifts back toward economic fundamentals, with markets likely to remain volatile over the next 24 hours. While geopolitical developments will continue to be monitored closely, the main focus for investors will be the Federal Reserve’s interest rate announcement and subsequent press conference later tonight.
🔹 UK – CPI Data
🔹 US – Retail Sales Data
🔹 US – President Trump Speaks
🔹 US – Federal Reserve Interest Rate Decision