FactSet U.S. Daily Market Preview

US equity futures are softer with the S&P down. Bonds are firmer, as the US 10-year yield drops 2 bps to 4.5% following yields fell 3-4 bps in prior session. Gilts fall 2 bps to 4.9%, while the Bund softens by 1 bp to 3.1%. The dollar is weaker. Oil edges down slightly, with WTI crude near $72/bbl. Gold is lower, while Bitcoin shows gains. European and Asian equity markets are mostly firmer. European markets are finding support after the US refrained from launching a third consecutive day of strikes against Iran. Sentiment earlier this week was shaken by rising tensions, which triggered a sharp rally in oil prices and a rise in interest rates, reigniting concerns about inflation and growth risks. As a result, sell-side strategists are becoming increasingly divided on the outlook for European markets. Some analysts point to vulnerabilities stemming from Europe’s limited exposure to AI and heightened sensitivity to oil-driven volatility, given the region’s reliance on imported oil.Companies Mentioned: EasyJet, Bayer AG, Arthur J. Gallagher

S&P futures are pointing to a higher open today. Japan's main indices posted solid gains led by chip stocks, while the Kospi was flat as large-cap Korean names traded mixed. Taiwan and Hang Seng retreated, the latter giving back some of Wednesday's gains. Australia extended declines. Mainland China pared early losses and rallied in the afternoon with semis names the notable outperformers. European equity markets are higher in early trading. Companies Mentioned: Blackstone, TPG, Boeing

S&P futures are trending slightly lower following a mixed Asia session. Strong gains were seen in Chinese AI and semis names, pushing the Hang Seng to close up +3%. Japan's Nikkei and Korea's Kospi rebounded shortly after open but both traded sharply lower in the afternoon. Minimal movement in Mainland China overall, Taiwan saw slight gains, and other markets were mostly lower. European equity markets sharply lower in early trading.Companies Mentioned: MasTec, Coty, SpaceX, Meta, OpenAI

S&P futures are pointing to a lower open today, currently down (0.3%). Asian equities saw sharp declines today, with the MSCI Asia Pacific Index dropping (2%). Samsung Electronics closed down (7%) despite reporting a 19-fold operating profit jump and triggered a selloff in memory and chip names across Asia. Japan's Nikkei dropped (2%), South Korea's Kospi was down near (5%), and Greater China markets all slid. European markets are showing resilience with most benchmarks slightly higher in early trading. Companies Mentioned: Samsung Electronics, Vertex Pharma, Crinetics Pharma, Fiserv

US equity futures are firmer, with the S&P 500 up. Bond yields are lower, as the US 10Y Treasury falls 2 bps to 4.5% and the Bund drops 2 bps to 2.9%. Gilts are softer. The US dollar is stronger. Oil prices are down, with WTI crude trading below $69/bbl. Gold is up, and Bitcoin is firmer. European equity markets are higher, while Asian markets show mixed performance. The market is awaiting fresh catalysts in Europe, showing no reaction to volatility in Asian tech stocks. Strategists remain positive on the European equity outlook, as investors grow more comfortable owning European assets amid an improving macroeconomic environment. The recent selloff in oil is the most significant factor influencing markets. More broadly, investors are continuing to assess the sustainability of capital expenditure by US hyper-scalers.Companied Mentioned: GFL Environmental, Element Solutions, Samsung Electronics

US equity futures are modestly higher, Asian markets are mostly weaker while European equities are firmer. Markets remain focused on the unwind in the AI and semiconductor trade after a strong second quarter, with memory stocks under pressure amid concerns around stretched positioning and demand risks tied to rising input costs. Geopolitics remains a secondary driver, with US-Iran talks still seen as constructive but lacking clear breakthroughs, while central bank messaging has provided limited new direction. Attention is also turning to the US labor market, with nonfarm payrolls expected to show a moderation in job growth, reinforcing expectations for further rate tightening later this year.Companies Mentioned: Apple, OpenAI, SoftBank Group

US equity futures are weaker, Asian markets are mixed, while European equities are also mixed after recent record highs. Markets are consolidating after recent strength, with attention on a mixed AI trade following strong performance in the semiconductor space and some rotation across regions. Geopolitics remain in focus, with US-Iran talks showing limited progress despite broadly constructive signals, while central bank uncertainty continues to weigh following limited forward guidance from the Fed. At the same time, lower oil prices are helping ease tightening expectations in Europe, though policymakers remain cautious on inflation dynamics, keeping overall sentiment balanced but slightly defensive.Companies Mentioned: Apple, Microsoft, KKR & Co.

S&P futures are pointing to a flat open today. Asian equities closed mixed with Japan's Nikkei up +1.3%, supported by strength in semiconductor names. Taiwan and South Korea also outperformed, with strong gains in chip equipment manufacturers. Hong Kong, Southeast Asia, and Australia saw mild losses. European markets are higher across the board.Companies Mentioned: Comcast

US equity futures are firmer, with the S&P 500 up. Bond markets show a mixed picture, as the US ten-year-yield remains steady at 4.4% and the Bund holds flat at 2.9%. The US dollar softens against European majors and the Australian dollar, while remaining flat versus the yen. Oil prices edge higher on renewed US-Iran tensions, although WTI crude remains below $70/bbl. Gold prices decline, industrial metals trade mixed, and Bitcoin slips lower. European and Asian equity markets are mixed. US-Iran tensions picked up with tit-for-tat strikes continuing over the weekend. Limited market reaction attributed to reports that both sides agreed to stand down ahead of planned talks in Qatar Tuesday. Outside of Middle East, AI/tech remains the dominant theme.Companies Mentioned: Williams Cos., BioLife Solutions, TPG, Inc.

S&P futures are down (0.3%) following a weak Asia session. Japan's Nikkei led losses in Asia as tech-heavy sectors struggled. Korea's Kospi closed (7%) lower as steep losses in SK Hynix and Samsung triggered a circuit breaker. Greater China benchmarks all fell as tech names weakened further. European markets are also lower in early trade. Real estate and personal goods names are among the few who are bucking the trend.Companies Mentioned: OpenAI, SpaceX, Synaptics, onsemi

US equity futures are firmer, Asian markets are mixed, and European equities are also trading higher. Markets are being driven by renewed optimism around the AI and memory cycle following strong guidance from Micron and upgraded outlooks from Qualcomm. At the same time, weaker oil prices are easing pressure on rates and contributing to expectations of a slower pace of central bank tightening, although policymakers continue to signal a cautious stance with risks around inflation still present.Companies Mentioned: Meta, MetLife, EasyJet

S&P futures are up +0.2% as of now following the semis selloff yesterday. All eyes are on Micron's Q3 earnings post close. Asian equities traded mixed today. Japan saw modest losses, Greater China markets were flat to slightly higher, and South Korea rebounded as memory chip names traded choppy but managed to close higher. European markets are slightly lower in early trade. Real estate and household goods are outperforming while industrial and defense stocks weigh on sentiment.Companies Mentioned: SK Hynix, Samsung Electronics, NVIDIA, Varonis Systems, Alibaba

US equity futures are under pressure, Asian markets are sharply lower, while European equities are also weaker. Markets are being driven by continued weakness in large-cap technology stocks and elevated volatility following the hawkish Fed stance. While progress in US-Iran talks has weighed on oil prices and provided some support to the macro backdrop, it has done little to offset risk-off sentiment tied to tech sector declines. Positioning dynamics, upcoming inflation data, and key earnings events are reinforcing a cautious tone, with geopolitical developments and rate expectations remaining central to near-term market direction.Companies Mentioned: Qualcomm, Eli Lilly, Apollo Global Management

US equity futures are softer, with the S&P 500 down. Bond yields show a mixed picture as US Treasuries rise along the curve following Friday’s public holiday. The Bund is down 1 bp at 3%, while the benchmark Gilt is up 1 bp at 4.9%. The US dollar is firmer. Oil prices edged slightly higher, with WTI crude trading near $76/bbl. Gold is lower, industrial metals are advancing, and Bitcoin is softer. US and Iran held high level talks in Switzerland focused on issues including nuclear deal, keeping Strait of Hormuz open, release of frozen assets, and enforcing Lebanon ceasefire. Both sides described progress in talks, which are set to resume Monday. Volatile backdrop to the negotiations after Trump threatened to relaunch strikes and Iran declared Strait of Hormuz closed amid tensions over continued fighting in Lebanon.Companies Mentioned: Nextpower, Arcosa, Vale

US equity futures are modestly higher, Asian markets are mixed while European equities are also mixed. Markets remain focused on the implications of the hawkish Fed stance, with rate hike expectations now pulled forward and yields rising sharply at the short end, weighing on equity sentiment. However, risk appetite is being supported by confidence around a formal US-Iran agreement, with the signed MoU reinforcing expectations for a reopening of the Strait of Hormuz and easing geopolitical risk. The combination of tighter financial conditions and improved geopolitical outlook is driving a more balanced but still cautious market tone, with positioning and sector rotation continuing to play a key role in near-term price action.Companies Mentioned: Apple, Microsoft, Paramount Skydance

S&P futures are up +0.2% as of now and indicating a higher open today. Asian equities closed mostly higher Wednesday. Japan, South Korea, and Taiwan all recorded modest gains, sustained by strength in semiconductor names. Greater China markets were the underperformers. European markets are mixed in early trading with the STOXX 600 and French CAC relatively firmer. Companies Mentioned: Amazon, Samsung Electronics

S&P futures are pointing to a flat open today. Asian equities closed mixed on Tuesday as the region’s rally stalled. Japan's Nikkei hit a fresh record early on before paring gains, Greater China markets were under pressure from property sector weakness, and South Korea's Kospi closed +2% higher. European markets opened modestly higher.Companies Mentioned: Qualcomm, General Motors, DeepSeek

US equities were higher in fairly uneventful Monday trading as stocks ended a bit off best levels. Today’s risk-on move was driven by the weekend agreement between US and Iran to end the war and reopen the Strait of Hormuz starting Friday. In macro news, June’s Empire State manufacturing index missed with the new orders index sharply lower.

US futures are trading higher, while European markets opened with strong gains. The US dollar has weakened noticeably, with most Asian currencies strengthening except the yen. Treasury yields are up at the short end but down at the long end, and sovereign yields in Asia have declined. Crude oil prices are lower, although Brent and WTI have recovered somewhat from their lows. Precious metals are showing solid strength, base metals remain supported, and cryptocurrencies are trading higher as well. The US and Iran have confirmed that a deal to end their conflict has been reached, with a signing ceremony scheduled for 19-Jun in Switzerland. The Strait of Hormuz will reopen once the agreement is signed, although President Trump noted that time will be needed to clear mines. Trump also stated that shipping will resume without tolls and that the US will immediately end its naval blockade. However, it remains unclear how the reopening of the Strait will align with Iran’s ongoing assertion of sovereignty and its claimed right to collect fees. Companies Mentioned: Woodside Energy Group, Exxon Mobil, Uniper, ByteDance, Shanghai Iluvatar CoreX Semiconductor

US equity futures are modestly weaker, Asian markets are higher, while European equities are also advancing. Markets are being supported by improving risk sentiment tied to growing optimism around a potential US-Iran agreement, with reports pointing to a 60-day ceasefire extension, reopening of the Strait of Hormuz, and a framework to address key nuclear issues. The pullback in oil prices and easing in yields have helped drive a rebound in equities, particularly in the tech sector, alongside reduced expectations for further central bank tightening. While optimism has improved, sentiment remains cautious given the need for formal agreement sign-off and MoU could be signed over weekend in Europe with press sources saying two sides narrowed gaps.Companies mentioned: Alibaba Group, KKR & Co., Amazon

US equity futures are modestly higher, Asian markets are mostly lower but off their worst levels while European equities are firmer. Markets are trading more defensively amid persistent geopolitical uncertainty as US launched another wave strikes against Iran, targeting air defense systems, radars and drone command and control units. Crude gave back some of its earlier gains after CENTCOM declared mission complete. Trump had flagged an end to bombing after claiming Iran asked him to stop while warning strikes will restart unless Iran signs agreement. Additional headwinds include renewed tariff discussions, increased equity supply, and pockets of stress in private credit, while macro data continues to point to a resilient but cautious economic backdrop.Companies Mentioned: SpaceX, Microsoft, Anthropic, OpenAI

S&P futures are down (0.5%) as of now and indicating a lower open today. Asian markets closed mostly lower on Wednesday, weighed down by geopolitical concerns and semiconductor-driven selling pressures. Japan's Nikkei fell (1.9%), with SoftBank closed (8%) lower following stalled OpenAI-backed loan talks. Korea's Kospi closed sharply lower, nearly wiping out Tuesday's rally. Greater China markets recorded relatively milder losses. European markets are slightly higher in early trading.Companies Mentioned: OpenAI, Blackstone, Starbucks

S&P futures are pointing to a higher open today. Asian markets closed higher on Tuesday, buoyed by a recovery in tech stocks and optimism surrounding China’s export growth. Japan's Nikkei surged near +2%, with strong gains across semiconductor and heavy industry names. Samsung Electronics and SK Hynix drove the Kospi to close +8% higher today. European markets opened mixed.Companies Mentioned: Nuvalent, Databricks, Boeing

US equities fell sharply on Friday, with the S&P 500 index breaking its streak of nine consecutive weekly gains. The Nasdaq experienced its worst week since Apr-24. Bonds fell. The US 10-year treasury yield increased by 2 bps to 4.5% after backing up sharply on Friday amid very strong US employment data. The US dollar remained steady against the Japanese yen but softened against the euro, British pound sterling, and Australian dollar. Oil prices rose, with WTI climbing more than 4% above $94/bbl. Gold prices declined. Industrial metals also fell. Bitcoin remained near its ytd low.Companied Mentioned: Incyte, Tate & Lyle, Spotify Technology

US equity futures are weaker, Asian markets are mostly lower while European equities are softer. Markets are tilting more defensively as technology sector weakness and geopolitical uncertainty weigh on sentiment. US-Iran developments remain fluid, with ongoing diplomatic efforts but no firm resolution, while ceasefire dynamics in the region remain fragile. Trade tensions are also resurfacing after US proposed new tariffs of at least 10% over forced labor, adding another layer of uncertainty. At the same time, easing oil prices and stable yields are offering some support, though concerns around stretched valuations in technology, continued crypto weakness, and cautious consumer trends are keeping risk appetite in check despite a broadly resilient macro backdrop.Companies mentioned: SpaceX, NVIDIA, OPENAI

US equity futures are weaker, Asian markets are broadly lower while European equities are modestly higher. Markets are trading more defensively amid persistent geopolitical uncertainty and recent volatility in rates and energy prices. US-Iran tensions remain a key overhang despite ongoing diplomatic efforts, with skepticism around the timeline for a formal agreement and reopening of the Strait of Hormuz. While a ceasefire between Israel and Lebanon has helped ease some pressure on oil prices, elevated yields following recent crude strength and continued weakness in technology stocks have weighed on broader sentiment. Additional headwinds include renewed tariff discussions, increased equity supply, and pockets of stress in private credit, while macro data continues to point to a resilient but cautious economic backdrop.Companies Mentioned: Alphabet, Meta Platforms, Adobe

S&P futures are indicating another flat open today. Asian markets were mixed Wednesday, though Japan led gains with the Nikkei up near +3%, driven by semiconductors and tech names.Taiwan also saw gains as chip stocks extended rallies. However, Hong Kong saw its tech names dropping following Tuesday's rebounds, and India and Indonesia saw sharp declines. European markets are lower in early trading. Companies Mentioned: Sherwin-Williams, SpaceX, DeepSeek

S&P futures are indicating a flat open today. Asian markets finished higher Tuesday, with Hong Kong and mainland China leading gains. The Hang Seng rallied +1.8%, driven by strength in tech and cloud platform names. South Korea and Taiwan clawed back early losses, while Japan’s Nikkei closed +0.5% higher. European markets are also higher in early trading. Companies Mentioned: NVIDIA, Marvell, Samsung Electronics, Hallador Energy, Salesforce, Amazon

US equity futures higher with S&P up 0.2%. Bond yields higher. US 10-year up 2 bps at 4.5%. Gilts up 2 bps at 4.8%. Bund 4 bps higher at 3%. Dollar firmer versus yen and euro, softer against sterling and Aussie. Oil up with WTI crude 3.8% higher near $90.50/bbl. Gold down. Industrial metals higher. Bitcoin lower. US-Iran ceasefire negotiations continue with press reports noting President Trump sent revised terms back to Tehran, seeking firmer commitments on nuclear concessions and reiterating demands for unrestricted Strait of Hormuz shipping. Release of frozen Iranian funds has been a point of debate. Despite ongoing talks, US carried out military strikes in Iran on the weekend and Kuwait reports missile and drone attacks. Companies Mentioned: Taylor Morrison Home, YUM! Brands, Four Corners Property Trust

US equity futures are modestly higher, Asian markets are mostly higher, while European equities are also firmer. Equities are being supported by improving sentiment around US-Iran developments, with reports of a potential 60-day ceasefire framework helping to ease concerns around energy supply disruptions and inflation pressures. While negotiations remain ongoing and key issues such as uranium stockpiles are unresolved, the market is increasingly pricing in a de-escalation scenario. This has contributed to softer oil prices, more stable rate expectations, and continued strength in AI and technology-led segments, even as investors remain mindful of lingering geopolitical uncertainty and macro risks.Companies mentioned: SpaceX, Uber Technologies, Autodesk

S&P futures are pointing to a slightly lower open. Asian markets were mostly lower on Thursday, but most benchmarks closed well off their day's lows. The Nikkei, Kospi and Taiex were all under pressure from weakness in semis and memory. Mainland China advanced modestly. European stocks also opened lower. Companies Mentioned: Perella Weinberg Partners, Dell, Eli Lily

S&P futures are up +0.2% and pointing to another higher open, following yesterday's record closes in the S&P and Nasdaq. Asian markets were mixed Wednesday. Tech gains led Korea, Japan, and Taiwan higher, while broader indices were weaker. Hong Kong and Mainland China were the notable underperformers, driven by continuing broker crackdowns. European stocks are higher following a weak session on Tuesday. Companies Mentioned: IREN, Warner Bros. Discovery, Lululemon

US equity futures are modestly higher, Asian markets are mixed, while European equities are softer. US-Iran headlines remain a key focus, with negotiations ongoing and signals pointing toward a potential agreement, though key sticking points persist around uranium enrichment, control of the Strait of Hormuz, and the release of frozen assets, while intermittent military actions continue to add volatility. Rate dynamics remain another overhang, with concerns around a higher-for-longer environment amid elevated inflation expectations, even as expectations for a diplomatic resolution continue to underpin broader sentiment.Companies Mentioned: Spotify, Delivery Hero, Google

US equity futures are modestly higher, Asian markets are broadly higher, while European equities are also firmer. Equities were supported by renewed optimism around a potential US-Iran ceasefire. Momentum and AI-linked names resumed leadership following recent underperformance, while improved sentiment also contributed to a pullback in oil prices and some easing in rate hike expectations. However, investors remain cautious given persistent uncertainty around the durability of any geopolitical resolution, alongside mixed signals from earnings and continued concerns around inflation pressures reflected in elevated input and selling prices. Investors also cautious heading into a long weekend with reduced risk appetite.Companies mentioned: Lam Research, Kawasaki Heavy Industries, Nvidia , Imax

US equity futures are little changed, Asian markets are mostly higher, while European equities are slightly lower. Equities were supported by easing yield pressures and renewed strength in AI and momentum-driven trades. Sentiment also improved on expectations for progress in US-Iran negotiations, which contributed to a sharp pullback in oil prices and helped stabilize inflation concerns. Earnings continued to reinforce a resilient macro backdrop, while policy expectations shifted modestly, with markets dialing back rate hike risks and maintaining expectations for limited easing later in the year, with market now pricing ~14 bp of cuts through year-end.Companied mentioned: NextEra Energy, Vale, AvalonBay Communities, Equity Residential

S&P futures are up +0.2% as of now, pointing to a higher open. Asian markets traded sharply lower across most regions on Wednesday. Japan's Nikkei dropped (1.2%), weighed by profit-taking in semiconductors. South Korea’s Kospi saw continued declines, pressured by Samsung Electronics’ union strike concerns. European stocks are lower following a mostly firmer session on Tuesday. Companies Mentioned: Samsung Electronics, SpaceX

S&P futures are pointing to a flat open. Asian equities traded mixed on Tuesday. Taiwan and South Korea underperformed sharply amid profit-taking in chip-related stocks. Japan was also weighed down by losses in semiconductors. Greater China markets closed higher as property and industrial stocks rebounded. European markets are firmly higher in early trade. Gains follow broad strength on Monday, with energy and financials leading.Companies Mentioned: Intel, Analog Devices

US equity futures are weaker with S&P down 0.3%. Bonds mixed after finding support after earlier weakness; US 10-year steady at 4.6%. Bund flat. Gilts firmer. Dollar is mostly firmer. Crude firmer amid hawkish Middle East headlines. Gold and silver weaker. Bitcoin down to early May low. Equity market sentiment tends negative amid hawkish US-Iran developments, which underpins oil prices and weighs on bonds. Inflation concerns reinforce hawkish central bank pricing. US Treasury 30Y yield climbing further above 5% to a 20-year high. Companies mentioned: Dominion Energy, NextEra Energy, National Healthcare Properties

US equity futures are modestly lower, Asian markets are broadly weaker, led by sharp declines in South Korea, while European equities are also lower. Markets were supported by continued AI-driven momentum, with strength in semis, networking, and select tech names offsetting mixed performance across big tech and weakness in memory stocks. Broader sentiment remained constructive with major indices extending to fresh highs, though underlying concerns persist around narrow market breadth and elevated positioning. Rates remain a key overhang after this week’s hotter inflation signals, while limited incremental progress from US-China discussions and ongoing geopolitical uncertainty continue to cap upside. Companies mentioned: Anthropic, OpenAI, Papa John's International

US equity futures are modestly higher, Asian markets are mixed, while European equities are broadly higher. Markets were supported by continued strength in technology, particularly semis and mega-cap names, with AI-driven capex demand remaining the dominant theme. Broader sentiment was also helped by expectations for an extension of the US-China trade truce with Chinese purchases of agricultural, energy products and aircraft on the cards following constructive early signals from the Trump-Xi summit. However, underlying breadth remained weaker, and inflation pressures stayed in focus after a stronger-than-expected PPI print, reinforcing expectations that policy will remain restrictive for longer despite resilience in growth and relatively stable bond market conditions.Companied mentioned: Microsoft, Nvidia, eBay, GameStop

S&P futures are up +0.3% as of now, pointing to a higher open. Asian equities traded mixed on Wednesday. Japan outperformed, supported by gains in industrials and autos. South Korea's Kospi rebounded sharply, up over +2%, while Taiwan’s Taiex saw significant losses on profit-taking in the semiconductor sector. Hong Kong dipped slightly as Chinese tech giants lagged amid ongoing doubts over AI investments. European markets are modestly firmer today after a weaker Tuesday session. Companies Mentioned: Anthropic, Samsung

S&P futures are down (0.3%) as of now, pointing to a slightly lower open. Asian equities were mixed on Tuesday. Japan edged higher, supported by strength in industrials and autos. Hong Kong closed with minor gains, Mainland China was lower, and South Korea underperformed with Samsung Electronics notably lower.Companies Mentioned: Microsoft, OpenAI, UnitedHealth, Wendy's, Beazer Homes

US equity futures are weaker with S&P down. Bonds weaker with US 10-year yield up 2 bps at 4.39%. Gilts 4 bps higher. Bund 1 bp firmer at 3.02%. Dollar firmer versus yen, softer elsewhere. Oil gains on latest setback in US-Iran negotiations with WTI crude up 3.3% near $98.50/bbl. Gold down. Industrial metals firmer. Bitcoin slightly higher. US-Iran talks hit another roadblock after President Trump rejected Iran's latest proposal, which appeared to fall far short of US demands. According to Iranian and other media sources, proposal calls for immediate end to US naval blockade. Two sides would establish 30-day negotiation period with Iran demanding release of frozen assets, end to sanctions on Iranian oil sales, definitive end to war on all fronts including Lebanon, and guarantees against future military action.Companies mentioned: MidCap Financial Investment, Nintendo

US equity futures are pointing to a higher open today, following a lower close on Thursday. Asian equity markets ended broadly lower. European markets have opened lower as well. Market sentiment has been hit by another exchange of fire between the US and Iran in the Strait of Hormuz, but volatility has ebbed. Markets are pricing in the agreement that ends hostilities, though the road is expected to remain bumpy.Companies mentioned: IREN, Nvidia, Marsh, Anthropic

US equities are higher in prior session, with S&P 500 and Nasdaq posting fresh record closes. Bonds add to recent gains. US ten-year yields down to 4.3%. Bund down at 3%. Gilts off with ten-year at 4.9%. WTI crude extending recent fall to $94/bbl region. Gold is up. Industrial metals mixed. Bitcoin is lower. Markets welcomed signs of fresh momentum in US-Iran peace talks amid reports two sides nearing agreement on 14-point MoU to end war and set in motion 30-day negotiation period to discuss opening Strait of Hormuz, limit Iran's nuclear program and lift US sanctions. Companied mentioned: Macerich, Catalyst Pharmaceuticals, Chiron Real Estate

US equity futures are pointing to a higher open today. European equity markets have opened higher, and Asian equity markets ended higher across the region. Focus is on Trump's pause of Project Freedom amid progress towards a comprehensive agreement with Iran. This is weighing on crude after futures spiked on Monday. The offensive phase of the war is believed to be over with focus now on reopening the Strait. But the status quo remains intact for now.Companies mentioned: Lumen Technologies, Alphabet, Meta Platforms, Alibaba Group

US equity futures are firmer with S&P up. Bonds mostly firmer. US 10-year steady at 4%. Bund down 2 bps. In contrast, Gilt yields 8bps higher. Dollar is mostly higher, with biggest move versus Aussie. Crude is pulling back after rallying on Monday on hawkish Middle East developments. Gold is firmer. Industrial metals are higher. Bitcoin is firmer. Focus remains on developments in Middle East. Downbeat risk sentiment amid flare-up in Middle East tensions after US and Iran traded fire in Strait of Hormuz as US-launched "Project Freedom" to aid shipping through the waterway. UAE's Fujairah port and oil tankers were also hit, contributing to surge in crude oil. Developments underlined fragility of ceasefire with two sides still no closer to an agreement to end hostilities. Companies Mentioned: Lattice Semiconductor, National Health Investors, Fidelity National Information Services

US equity futures are slightly higher with S&P up. Comes after S&P and Nasdaq both recorded fifth straight weekly gains, ending at fresh closing highs on Friday. Bonds mixed. US10Y is little changed while bund up 2 bps to 3%. Crude is lower with WTI near $100/bbl and Brent near $107. Gold and silver are weakening. Bitcoin is gaining near one-week high. Peak week of Q1 earnings season put the focus on a very favorable corporate profit backdrop. Massive AI compute and related infrastructure demand dominated the narrative after providing a big tailwind for the market in recent weeks with growth and momentum factors meaningful outperformers. Also we see some renewed focus on the US-Iran stalemate, with reports that Tehran has forwarded a new peace proposal, which helped ease another big week of crude gains though Trump said he's "not satisfied".Companies mentioned: AMAT, EBAY, TTAM

US equity futures are modestly higher, Asian markets are broadly higher while European markets are mostly closed for holidays with UK equities slightly weaker. Equities were supported by strong earnings momentum, with Q1 results continuing to exceed expectations and reinforcing key themes around robust AI-driven compute demand and elevated capex. While big tech earnings were mixed, overall takeaways remained constructive, and additional support came from a pullback in oil prices and yields.Companies mentioned: OpenAI, Nexstar Media Group, Two Harbors Investment

US equity futures are modestly lower, Asian markets are mixed with weakness in Japan and Hong Kong, while European equities are also lower. Risk sentiment is under pressure amid renewed escalation in US-Iran tensions, with limited progress in negotiations and reports of potential military actions keeping markets on edge. Trump unsurprisingly rejected Tehran's latest offer, and reports US preparing a short but powerful series of strikes to break the deadlock. The surge in oil prices is driving higher yields and reinforcing inflation concerns, complicating the outlook for central bank policy. Investors are also focused on upcoming ECB and Bank of England decisions, with expectations for rates to remain unchanged but attention on signals around potential tightening as policymakers assess the impact of elevated energy prices.Companies mentioned: KKR & Co., Anthropic, NVIDIA