Newsquawk Daily Asia-Pac Opening News – 11th May 2026

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In our blog
Newsquawk Week Ahead Highlights (and Week in Review) 11-15th May 2026:

Newsquawk Market Wrap 2

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Newsquawk US Market Wrap: Stocks surge to end the week, driven by Tech, as Iran response is awaited
SNAPSHOT: Equities up, Treasuries up, Crude up, Dollar down, Gold up.

Keep an eye on crude oil, ticking up after this headline but unlike yesterday,, minimal ripple effects in other markets as they remain in a wait-and-see mode

The Iraqi Ministry of Oil has announced the discovery of a large oil field in the southern province of Najaf, near the border with Saudi Arabia.
The discovery is considered one of the most important in the Iraqi energy sector in recent years, as initial estimates indicate that one of the exploration patches contains reserves exceeding 8.8 billion barrels of crude oil.
By Chaima Chihi & وكالات
Published on 08/05/2026 – 13:38 GMT+2
makes me wonder … who might like to “take it”
me bad , it is the 14-pt one-pager
Marco Rubio says U.S. expects Iran response on peace deal ‘today’target=blank” – cnbc, May 8 2026 8:16 AM
* U.S. Secretary of State Marco Rubio said the U.S. is expecting a response on Friday from Iran on the proposal to end the war.
* “We should know something today… We’re expecting a response from them,” Rubio told reporters in Rome on Friday.
* The comments come after reports that Iran and the U.S. were nearing a 14-point memorandum of understanding to put an end to the war.
NAS100 (NASDAQ) 4 HOUR
One characteristic of this uber uptrend is that retracements, no matter how brief or shallow, have been followed by new record highs (28951 today).
Until/unless this pattern changes, bulls will continue to buy dips.
With that said, the pause below 29000 suggests this round number is the current obstacle although the broader target is 30000 while above 28000.
On the downside, 28460 blocks expoosinbg 28000.

US500 (SP500) 4 HOUR
Retracement proved brief but test of the record 7390 high only saw a 1 pt extension so essentially a triple top.
Logic says defense rather than offense given the headline risks, especially on a Friday but it would take at least a move through 7327 to suggest momentum shifting the other way.
Otherwise, trend is still your friend.

US PRE-MARKET MOVERS: CRWV, AKAM, MCHP, IREN, COIN, NKE
ES +0.6% NQ +0.9% RTY +0.7%

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