Financial markets were active overnight as progress in US-Iran peace negotiations dominated sentiment, alongside political uncertainty in the United Kingdom following the resignation of Prime Minister Keir Starmer. US equity markets delivered a mixed performance, with the Dow Jones edging higher while weakness in technology stocks dragged the S&P 500 and Nasdaq lower. Brent crude fell 3.21% to $77.98 and WTI declined 2.62% to $73.86 on constructive signals from Switzerland, while gold bucked the trend, gaining 0.73% to $4,190.43.
📊 Equities
US equity markets delivered a mixed performance after returning from the long weekend. The Dow Jones edged higher, while weakness in technology stocks dragged the S&P 500 and Nasdaq lower. Treasury yields rose across the curve and the US dollar extended its recent advance. Political uncertainty in the UK following the resignation of Prime Minister Keir Starmer added an additional layer of uncertainty for markets.
🛢️ Oil
Energy markets came under pressure as reports from both US and Iranian officials pointed to constructive progress in Switzerland, boosting confidence that the Strait of Hormuz will remain open. Brent crude fell 3.21% to $77.98, while WTI declined 2.62% to $73.86.
🥇 Gold
Gold bucked the trend, gaining 0.73% to $4,190.43 per ounce despite the stronger dollar and higher yields.
💵 FX & Bonds
Treasury yields rose across the curve and the US dollar extended its recent advance. Sterling faced additional pressure following the resignation of UK Prime Minister Keir Starmer, adding political uncertainty to an already complex market environment.
📌 Today’s Focus
Attention now turns to Flash PMI releases from France, Germany, the UK and the US, though geopolitical headlines are likely to remain the primary market driver.
🔹 5:15 pm – France Flash PMI
🔹 5:30 pm – Germany Flash PMI
🔹 6:30 pm – UK Flash PMI
🔹 11:45 pm – US Flash PMI