US EQUITY OPEN: Indices open in the green amid more constructive Middle East reporting following the weekends escalations

OPEN: US indices opened the first trading session of the week notably in the green, despite a re-escalation of Middle Eastern tensions and renewed strikes traded between Israel and Iran. Since these reports, Trump has said Israel and Iran are looking to do an immediate ceasefire, and Fars news reported that Iran's armed forces announce end of military operations against Israel, but warns of harsher attacks if Israel resumes attacks on Lebanon. As a result, the crude complex is firmer but well off earlier highs, while Treasuries are eking out marginal gains. Precious metals are more-or-less flat, with spot silver the marginal outperformer. Sectors are mixed, while Technology sits atop of the pile and supported by strength in Nvidia and Intel are respective company specific updates, while Broadcom rebounds from recent losses. There is no tier 1 US data today, and the Fed is on blackout ahead of next week's confab. G10 FX is largely gaining against the greenback with Antipodeans outperforming. 

STOCK SPECIFICS:

• Marvell (MRVL), Flex (FLEX): To join the SPX BMO on 22nd June, replacing Campbell's (CPB) & Pool (POOL).
• Nvidia (NVDA) & SK Hynix announced a multiyear tech partnership covering next-gen memory for Nvidia AI servers, PCs & robotics
• AMD (AMD): Plans to invest up to $2bln in the UK over a 5yr period for AI innovation & research.
• Nurix Therapeutics (NRIX): Collabing w/ Roche to develop & commercialise bexobrutideg.
• Super Micro Computer (SMCI): Bluefin Research is positive on the stock.
• Amazon (AMZN) announces agreement with Corning (GLW) to boost US fibre optics manufacturing, creating 1,000 advanced manufacturing jobs in North Carolina.
• Google (GOOGL) and Nvidia (NVDA) are reportedly looking at Intel (INTC) as a secondary manufacturing partner, The Information reports citing sources; the Co's aim to alleviate capacity constraints at TSMC (TSMC).
• Citrini new long at Shopify (SHOP).