Newsquawk Logo

[MARKET ANALYSIS] Global equities rebound on positive US-Iran commentary, Banks benefit the most, NKE hit after weak China guidance

The positive commentary regarding US-Iran relations has led to a notable rebound in global equities, particularly benefiting banks that had suffered during the conflict.

Newsquawk StaffPublished On the live feed at — 5 more headlines followed before this page went public
Newsquawk headlinesUTC

Head of the National Security Commission says "the 47-year period of hospitality in the Strait of Hormuz is over", ISNA reports, adding "The Strait of Hormuz will definitely open", but not for Trump

US President Trump said he is strongly considering pulling the US out of NATO after it failed to join his war on Iran, The Telegraph reports

[MARKET ANALYSIS] Global equities rebound on positive US-Iran commentary, Banks benefit the most, NKE hit after weak China guidance

Ferrexpo (FXPO LN) - Trading update: Cash sufficient until at least the end of June 2026, actively exploring a number of potential funding options, which could include an equity capital raise

Reports of a drone attack on an oil field in the "Chamanke" region, located in the north of Dohuk province in Iraqi Kurdistan; attack caused a fire in this oil field. The field is managed by an American company, Fars News reports

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free
Free. No signup, no card.
  • European bourses (STOXX 600 +2.1%) continue to rebound, printing a third straight day of gains thus far. The positive was helped following reports that Iranian officials are leaning towards dialogue, while President Trump said that the war is coming to an end. Banking-heavy FTSE MIB and IBEX 35 outperform while the AEX lags. EZ final manufacturing PMIs failed to spur any reaction, despite printing a tick higher than its prelim. figure. Germany continued to print strong, however S&P notes that signs of stress are seen across supply chains.
  • Sectors are entirely in the green, ex. Energy. Banks and Travel and Leisure top the sector pile. Oil prices have been the main driver for airlines, with the drop in energy prices making jet fuel cheaper. Banks have been hit throughout the Iran war, so the prospects of it coming to an end have boosted the sector. To add, HSBC was added to Goldman Sachs' European conviction list.
  • Key movers include Berkeley, Heineken and Airbus. Berkeley shares have plummeted this morning after the Co. forecasted softer earnings in the medium term while halting buying land "due to the continuous increase in the tax and regulatory burden on residential development." For Heineken, the Co. was upgraded at HSBC to Buy from Hold while Airbus, despite gaining thus far, was removed from Goldman Sachs' European conviction list.
  • US equity futures are gaining pre-market, with ES regaining the 6,600 handle. Despite the positiveness, Nike shares have fallen pre-market after noting persistent weakness in China. However, the Co. did beat on its top- and bottom- line metrics.
Context

This emerging dialogue suggests potential stability in the region, prompting a risk-on sentiment in markets, although Nike's weaker guidance from China highlights the ongoing challenges in that critical market for growth. Overall, the sentiment is shifting favorably, but sector-specific concerns remain, particularly for consumer brands.

Related headlines

The whole workspace, free to try.

Try it free
Newsquawk Logo

© 2026 Newsquawk. All rights reserved.