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Week in Focus (29th June - 3rd July 2026): US NFP, US ISM Mfg PMI, EZ Flash CPI, and Swiss CPI
MON: Japanese Retail Sales (May), Spanish HICP Flash (Jun), Retail Sales (May), EZ Consumer Confidence Final (Jun), US Dallas Fed Manufacturing Index (Jun)TUE: RBA Minutes (Jun), Japanese Industrial Production (May), Unemployment Rate (May), Chinese NBS Manufacturing PMI (Jun), German Retail Sales (
READ STORYUS Market Open: US equity futures lower; Brent continues to slide with focus on ships traversing the Strait
Iranian Deputy Foreign Minister said the safe passage through the Strait of Hormuz without consideration of Iran's sovereignty is not guaranteed. This follows an Iranian strike on a Singapore-flagged cargo ship after failing to follow the set route.US President Trump said we have a new market coming
READ STORYEU Market Open: Crude benchmarks continue to slip despite halts to the Hormuz evacuation plan; European equities are set to open lower
Iran attacked a Singapore-flagged cargo ship on Thursday in the Strait of Hormuz, WSJ reported, citing sources. Separately, the UN shipping agency temporarily paused its evacuation plan for stranded ships and seafarers out of Hormuz after the attack.Iran's PGSA said vessels outside PGSA-set routes w
READ STORYUS Market Open: Micron soars 18% after stellar earnings, boosting global sentiment; crude benchmarks continue to pull back
Conflicting reports on whether Israeli forces have pulled away from southern Lebanon, with Israeli and Lebanese sources denying earlier comments by a US State Department official stating Israel has pulled back.A senior Iraqi Oil Ministry official said the nation will consider all available options i
READ STORYEU Market Open: Micron surges after Q3 earnings+guidance beat; NQ and European futures benefit
US stocks finished mixed. APAC trade was similar, but with KOSPI, +5.9%, leading and NQ, +1.9%, outperforming after strong Micron results, +18%.Micron beat expectations and issued stronger guidance, benefiting from surging AI-driven demand, rising memory prices and long-term customer agreements.DXY
READ STORYUS Market Open: US equity futures steady into Micron earnings; USD and Fixed Income benefit from haven demand
Pakistan's Foreign Ministry said it is conducting communications between the US and Iran to effectively implement the MoU and that technical talks will continue next week, potentially on Monday or Tuesday.US equity futures hold steady ahead of Micron earnings after-hours, with focus on guidance
READ STORYEU Market Open: Europe primed for quiet open, NQ rebounds into Micron earnings
US President Trump reiterated that they are making a deal with Iran and will see how it goes. Though he pushed back on Iranian claims that there will be no IAEA inspectors at their nuclear facilities. Brent Aug’26 -0.8%.US Secretary of State Rubio said the Lebanon file is separate from the agreement
READ STORYUS Market Open: USD attracts haven demand after hefty KOSPI losses; NQ -2.5%
Tech rout leads stocks lower; KOSPI declined c. 10%, which has weighed on the NQ -2.3%.Focus remains on the US-Iran situation; Brent Aug’26 -0.4%. The Lebanon-Israel situation appears to be flaring up, with recent fatalities reported in Lebanon by Israeli gunfire.USD attracts haven demand as tech se
READ STORYEU Market Open: Europe primed for a lower open with Kospi -5%; Antipodeans lag in quiet newsflow
Mixed US handover continued into APAC before performance deteriorated, KOSPI -5% as the regions chip/tech momentum unwinds.European futures point to a lower open, Euro Stoxx 50 -0.9%.Crude relatively contained after Monday's pressure. US President Trump said they are negotiating with Iran and will s
READ STORYUS Market Open: US indices quiet as energy trickles lower; GBP unreactive as UK PM steps down
Over the weekend, Iran shut the Strait of Hormuz amidst continued Israeli strikes on southern Lebanon. This led to Brent Aug’26 to gap higher by c. USD 2/bbl.Thereafter, attention turned to negotiations, which yielded progress and improved the geopolitical mood. Brent Aug’26 then moved into the red,
READ STORYEU Market Open: Crude reverses opening bid on US-Iran comments; USD firms, GBP eyes potential PM resignation
Crude opened firmer after reports suggested Iran had closed the Strait of Hormuz. However, this then reversed on a joint mediator statement, Brent currently in the red.Thereafter, Iranian Foreign Minister Araghchi flagged major progress, mediators say technical talks will continue this week.APAC sto
READ STORYWeek in Focus (22nd-26th June 2026): Highlights include US PCE, Canadian CPI, EZ Flash PMI, Japanese Tokyo CPI and Banxico
MON: CNB Minutes (Jun), Chinese LPR, Canadian Inflation (May)TUE: BCB Minutes (Jun), Global Flash PMIs (Jun), US ADP Employment Change Weekly, Richmond Fed Index (Jun)WED: Riksbank Minutes (Jun), BoJ SOO (Jun), BoC Minutes (Jun), Holiday: Canada Provincial Holiday (Quebec), Australian Inflation (May
READ STORYEU Market Open: DXY continues to firm & US stocks rally, Europe set for weaker open
US VP Vance is no longer travelling to Switzerland. Reports suggest this is due to the situation around Lebanon. Crude in the red, but off lows.Labour’s Burnham won the UK Makerfield by-election, meaning he is on course to become PM though the process for that largely depends on current PM Starmer.T
READ STORYUS Market Open: DXY marks post-FOMC highs; SNB and Norges Bank as expected, BoE ahead
The Swiss government confirms that the plan still stands for the US, Iran, Pakistan and Qatar to meet on Friday in Switzerland to commence talks. Furthermore, Al Hadath added that the talks will include the legal aspects related to lifting Iranian sanctions, the issue of frozen funds and t
READ STORYEU Market Open: Hawkish Fed spurs USD, energy softens amid US-Iran virtual MoU signing
Fed held rates but removed forward guidance completely while the SEPs showed 9 members anticipate a 2026 hike, sparking a hawkish reaction.US stocks finished lower, USD bid and the US yield curve bear flattened. Markets returned to fully pricing in a 25bps hike by end-2026.However, a portion of this
READ STORYUS Market Open: US equity futures gain, GBP weaker after cooler than exp. CPI, USD benefits into FOMC
An informed source told Tasnim that Bloomberg's alleged text of the US-Iran MoU is not accurate, but that the finalised text will be published after the signing on Friday. However, it was initially stated that it would not be published. US equity futures gain steadily; Germany's DAX 40 underper
READ STORYEU Market Open: Energy benchmarks towards lows, Europe set for muted open with markets tentative into Fed announcement
The US will allow Iran to immediately begin selling oil and fuel under the deal to end the war, offering Tehran an early financial incentive to wind down the conflict, WSJ reports, citing sources.Iran and Oman are already talking about how they will manage the Strait of Hormuz, as laid out in one of
READ STORYUS Market Open: Oil, USD hit on Qatar LNG reporting, JPY and AUD unreactive to as-expected BoJ/RBA
The BoJ hiked rates to 1.00%, as expected, while the RBA left rates unchanged at 4.35% following three consecutive 25bp rate hikes. Qatar is to restore half of its LNG output a month after the Strait of Hormuz opens, with output to reach 80% of full output within two months.US equity futures ar
READ STORYEU Market Open: Europe set for quiet open, JPY and AUD unreactive to as-expected policy meetings; Uchida ahead
US President Trump said the Hormuz deal is fully signed and that the Strait of Hormuz has already partially reopened, with a complete reopening expected on Friday.The US claim that Lebanon is not included in the memorandum of understanding is false, reports Fars, citing sources.Israeli artillery she
READ STORYUS Market Open: Risk assets rally as energy benchmarks soften on US-Iran framework peace agreement
The US and Iran have reached a framework peace agreement; the US will lift its naval blockade, whilst the Iranians will reopen the Strait of Hormuz. The Pakistani PM suggested it would be signed in person on Friday, 19th June; Brent Aug’26 -4.5%.The deal includes the termination of military operatio
READ STORYEU Market Open: Risk assets rally as Brent slips to $83 on US-Iran framework peace agreement
The US and Iran have reached a framework peace agreement; the US will lift its naval blockade, whilst the Iranians will reopen the Strait of Hormuz. The Pakistani PM suggested it would be signed in person on Friday, 19th June; Brent Aug’26 -4.3%.The deal includes the termination of military operatio
READ STORYWeek in Focus 15-19th June 2026: Highlights include Fed, BoJ, RBA, BoE, SNB, US Retail Sales, Japan CPI, UK Inflation and UK Jobs
MON: G7 Summit (15-17 Jun), German Wholesale Prices (May), Indian WPI (May), EZ Industrial Production (Apr), US Industrial Production (May)TUE: BoJ Policy Announcement (Jun), RBA Policy Announcement (Jun), G7 Summit (15-17 Jun), Chinese Industrial Production (May), Retail Sales (May), Unemployment R
READ STORYUS Market Open: Crude benchmarks hit on Mehr MoU reporting, equities bid into SPCX debut
Iran's Mehr News reports that the US-Iran MoU includes the reopening of the Strait of Hormuz, lifting oil sanctions, and releasing frozen Iranian funds. The draft is still being reviewed. Brent -4.1%.The US and Iran deal signing could occur around the June G7 meeting in Geneva (June 15th - 17th
READ STORYEU Market Open: Europe set for firm open with Brent below $90/bbl, SpaceX ahead
US President Trump said we made a great settlement of war with Iran, signing will probably happen in Europe and soon; Brent -2.0% at USD 88.50/bbl.Israel is not a party to the MOU, though PM Netanyahu expressed his appreciation to the US' commitment, CBS reported. Iran is reportedly yet to come to a
READ STORYUS Market Open: Energy benchmarks weaker as US-Iran diplomacy continues, ECB and US PPI due
The US and Iran exchanged another round of strikes overnight, resulting in Iran announcing the complete closure of the Strait of Hormuz, effective immediately, and threatening to hit any vessel crossing the Hormuz.However, an Iranian source told Reuters that Iran and the US are still in negotia
READ STORY