[MARKET UPDATE] US equity futures begin mildly lower with Emini S&P down about 0.2%, while crude futures are lifted with WTI up by more than 3% after US President Trump said he doesn't like Iran's response which he called "TOTALLY UNACCEPTABLE!”
President Trump's strong condemnation of Iran's response indicates escalating tensions, which is likely to keep geopolitical risk premiums elevated in the oil market.
Iranian source tells Tasnim "We saw the reaction of the US president to the Iranian answer. It is of no importance. No one in Iran drafts proposals to please Trump. The negotiating team writes proposals only for the rights of the Iranian people..."
US President Trump posts "The Magnificent Ballroom, under construction, and ahead of schedule, at the White House!"
[MARKET UPDATE] US equity futures begin mildly lower with Emini S&P down about 0.2%, while crude futures are lifted with WTI up by more than 3% after US President Trump said he doesn't like Iran's response which he called "TOTALLY UNACCEPTABLE!”
Newsquawk Daily Asia-Pac Opening News - 11th May 2026
Chinese Balance of Trade Yuan (Apr) 585.69B (Prev. 354.75B)
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The positive reaction in crude futures suggests that traders are pricing in potential supply disruptions, while the minor pullback in US equities reflects caution in risk sentiment amid these developments. Overall, watch for further market reactions as the situation unfolds and impacts energy prices and broader risk assets.
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