
COMING UP: Data: Spanish Retail Sales (Jun), US ADP Employment Change Weekly, Goods Trade Balance Advance (Jun), Retail Inventories Ex Autos Advance (Jun), Wholesale Inventories Advance (Jun), Consumer Confidence, Atlanta Fed GDP (Q2). S
Speakers: RBA’s Bullock. Supply: Australia, UK, Italy, Netherlands,
US. Earnings: PayPal, Boeing, UPS, Ford, EssilorLuxottica, Kering, Air Liquide, Eni, Mercedes-Benz, Barclays, GSK, Unilever.
Newsquawk US Market Wrap: Stocks mixed while crude tumbles to pause in US/Iran strikes
SNAPSHOT: Equities mixed, Treasuries up, Crude down, Dollar flat, Gold up

NAS100 DAILY: Watch 28K
Clinging to hope with a bounce back to 28K after breaking below it as rotation seems to be weighing on the NAS
28K is clearly pivotal with only today’s 27775 low blocking a void of 1000 points on the downside.
So watch trade around 28K as it will dictate whether momentum builds further to the downside.

This caused a brief blip in risk but stocks now lower than prior as markets have learned not to overreact to headlines unless it suits the trend.’

US PRE-MARKET MOVERS: NVDA, BKR, RKLB, CAPR, FBRX, QBTS, GOOG, MBLY, RIVN
ES +0.9% NQ +1.3% RTY +1.1%

EURUSD 1 HGUR: Spikes higher on heasdline’
SNB expects to keep the interest rate at zero until the end of 2027, according to reports, citing sources (Newsquawk.com)

This headline caused some jitters but so far only a modest reaction in crude oil.

A pause in the Iran conflict and a sizeable retreat in crude oil prices away from $100 per barrel offer some relief at the start of what’s set to be another turbulent week for markets.
The calendar is certainly packed, with the Federal Reserve meeting on Wednesday, a third of the S&P 500 set to report earnings – including Apple, Amazon, Microsoft, Meta and Qualcomm – and second-quarter U.S. GDP estimates also due… full report on Reuters Morning Bid U.S.
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