📊 Equities
US equity markets finished mixed overnight after President Trump indicated he would delay a planned strike on Iran to allow further negotiations, helping ease immediate geopolitical tensions. The Dow Jones managed to close modestly higher, while weakness in technology stocks weighed on both the S&P 500 and Nasdaq into the close.
🛢️ Oil
Oil prices were volatile throughout the session, initially pushing to fresh monthly highs before paring gains later in the day. Brent crude finished little changed at $109.19 (-0.05%), while WTI managed another strong gain, closing at $107.51 (+1.75%).
🥇 Gold
Gold prices moved higher, rising +0.58% to $4,566.60, as traders continued to favour safe-haven assets amid the uncertain geopolitical backdrop.
💵 FX & Bonds
US Treasury yields edged slightly lower across the curve, although both the 2-year and 10-year yields remain near recent highs as markets continue to assess the inflationary implications of elevated energy prices and ongoing geopolitical uncertainty. The US dollar also softened against the majors after recent strong gains.
📌 Today’s Focus
Market focus will remain firmly on developments out of the Middle East, although attention will also shift toward key inflation and labour market data releases out of the UK and Canada later today.