Negative lockdown in Europe, in the shadow of the cancellation of the Iran-US talks in Switzerland

19:20

European stock markets closed mainly in declines. The Dax index rises by about 0.1%, the Potsi closes down by about 0.3% and the KAC weakens by about 0.5%.

Volatility in oil prices continues, with the price of a barrel of Brent oil rising by about 0.1% and a price of 80.6. WTI oil also rises by about 1%, and the price of a barrel stands at $76.6.

14:05

Trade in Europe moved to a mixed trend. For now, the DAX index fell by about 0.1%, the FTSE retreated by about 0.2% and the CAC weakened by about 0.1%.

Oil prices are volatile, and now they are registering slight declines. Brent crude is currently trading just below the $80 per barrel mark, while US crude oil (WTI) is trading around $76 per barrel.

11:55

Trade in Europe continues to be conducted with slight increases. The stock exchanges in Paris and Frankfurt advance by about 0.3%, the stock exchange in London advances by about 0.1%.

Oil prices are climbing, with Brent trading around $80 per barrel and US crude (WTI) trading around $78 per barrel. Bloomberg reports that against the background of the developments in Lebanon and the cancellation of the talks between the US and Iran, traffic in the Strait of Hormuz is considerably less.

10:40

European stock markets open the day with slight gains. The Dax index rises by about 0.4%, the FTSE trades stably and the CAC adds about 0.2% to its value.

9:20

Asia

The trading day in the global markets opened in the shadow of the announcement by the Swiss Ministry of Foreign Affairs about the cancellation of the talks between the US and Iran that were planned for today. During the night, US Vice President J. De Vance postponed his departure for the signing ceremony of the agreement, when the White House attributed the development to “logistical difficulties”. However, there are estimates that the reason lies in Iranian claims regarding violations of the ceasefire in Lebanon. At the same time, the IDF announced that it carried out attacks in southern Lebanon during the night.

In Asia, trading is volatile this morning. As of now, the Tokyo Stock Exchange is up by about 0.3%, while the Seoul Stock Exchange is climbing by about 0.4%, although notable declines were recorded earlier. There is no trading in China and Hong Kong today, due to a public holiday. The futures contracts on Wall Street are down by up to 0.8% this morning, although there will be no trading today either in New York, where Juneteenth is being celebrated.

Wall Street

In New York, the stock market ended the past day and the week with higher prices, led by technology stocks and chips. The Nasdaq jumped by about 2%, the S&P 500 added about 1.1% to its value and the Dow Jones advanced by about 0.1%. Let’s recall that on Wednesday, Wall Street closed the day in the red, after the Federal Reserve’s hawkish interest rate decision, during which the central bank signaled that it may raise interest rates in the US by the end of the year.

stock Intel jumped sharply, after US President Donald Trump published a post on his social network Truth Social, according to which the company signed a deal with dark to design and manufacture chips in the US. “Stupid presidents have taken our economy for granted, and let Taiwan and others steal our chip factories,” Trump wrote. “Apple has agreed to work with Intel to design and build its chips in America.”

Gene Munster, managing partner at Deepwater Asset Management, told CNBC that the partnership reflects a kind of upgrade for Intel from the second tier to the first tier of American technology companies. “membership [כמו אפל, אנבידיה וגוגל] Intel has mostly been looked down upon over the years, and this narrative is changing recently,” he said. “The reason Intel is experiencing this surge is that it is more of an expression of confidence that Intel is officially back at the table of the greats, back to being considered a real technology company.”

As mentioned, the rest of the chip stocks also traded up, where among the most prominent ones can be found Nvidia , Marvel and-AMD . The basket fund SOXX which tracks the chip sector, jumped over 6% to a new all-time high. The memory shares also stood out positively, among them Micron , Western Digital andSanDisk .

stock SpaceX Elon Musk’s, which has soared by a dizzying rate of dozens of percent since its giant IPO last Friday, continued its negative momentum from Wednesday and fell by more than 3%. Despite raising $85.7 billion in its initial public offering, Bloomberg reported yesterday that the company plans to raise an additional $20 billion in debt.

The sector that led yesterday’s declines is the energy sector, against the backdrop of the drop in oil prices worldwide. Shares of oil producers like Conoco-Phillips , Occidental Petroleum , Exxon Mobile andmisfortune finish the day in red. On the other hand, those who continued to profit from the drop in oil prices are the shares of airline and cruise companies, such as Carnival , Royal Caribbean Cruises andNorwegian Cruise Line Holdings .

The commodity and currency markets

In the global foreign exchange market, the dollar index (DXY), which measures its strength against a basket of selected currencies, jumped to 100.8 points yesterday – its highest level since May 2025 – this, in response to the Federal Reserve’s hawkish interest rate decision on Wednesday. This morning, it continues to strengthen and crosses the 101 point mark.

Oil prices registered slight declines yesterday, with in the background the announcement by the United States that it is officially lifting the blockade of the Strait of Hormuz. This morning, prices are climbing, with Brent oil trading around $80 per barrel and American crude oil (WTI) trading around $78 per barrel.

The Wall Street Journal quoted Japanese bank MUFJ economists as saying that while the industry remains cautious about the pace of a return to normalization, some tankers have resumed traffic in Hormuz and exporters such as Iraq plan to increase shipments.

Robert Conzo, CEO of The Wealth Alliance, told CNBC that “I believe oil prices will continue to moderate if the strait remains open and it becomes clear that the 60-day ceasefire will end up being longer than 60 days. I think oil is going to do the job for the Fed, lower inflation and help them moderate it.”

Also in the commodity market, the price of gold fell by over 3% yesterday. The negative trend continues today as well, with gold falling by over 2% and trading around $4,140 per ounce. Gold has been under pressure recently amid expectations for a higher interest rate environment. Since it is a non-interest bearing asset, a higher interest rate tends to make it less attractive to some investors.

In the crypto market, Bitcoin fell by over 4% yesterday and traded around $62,000 – a level where it remained this morning as well. Bloomberg attributed the decline to concerns thatstrategy the world’s largest corporate holder of Bitcoin, will need to sell more Bitcoin to fund dividend payments to investors. Recall that at the beginning of the month, founder Michael Saylor, who is known as a big believer in the cryptocurrency, sold a small amount of Bitcoin to finance dividend payments, which spooked the market and sent the currency into a wave of sales. Also, expectations for an interest rate hike in the US were noted as a factor that may weigh on the currency.

US debt market

Government bond yields in the US fell yesterday, mainly in the longer term of the curve – apparently, amid expectations that the agreement between Iran and the US and the reopening of the Strait of Hormuz will further ease inflationary pressures. The ten-year yield fell by about 3 basis points and traded around 4.42%, while the 30-year yield also fell by about 3 basis points and traded around 4.89%.

On the other hand, the two-year yield, which is more responsive to Fed policy in the near term, climbed over one basis point to a level of 4.17%. This, after the Fed’s hawkish interest rate decision on Wednesday evening, it jumped more than 16 basis points – the biggest jump on the day of an interest rate decision since March 2008, according to Japanese investment bank MUFG.

Following the Fed’s hawkish interest rate decision on Wednesday, markets are now pricing in an over 80% probability of at least one rate hike by the end of this year. A week ago, the markets priced a probability of about 57%.