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COMING UP: Data: Chinese Unemployment Rate (May), Retail Sales (May), Industrial Production (May), Italian Inflation Final (May), EU/German ZEW (Jun), US ADP Weekly, Import/Export Prices (May), Housing Starts (May), Atlanta Fed GDP (Q2)
Events: RBA Policy Announcement, BoJ Policy Announcement.
Speakers: RBA’s Bullock; BoJ’s Uchida; ECB’s Lane.
Supply: UK, Germany, US (Newsquawk)
Newsquawk US Market Wrap – 15th June 2026: Stocks rally and crude plummets as US/Iran agree on MoU
SNAPSHOT: Equities up, Treasuries up, Crude down, Dollar down, Gold up
US PRE-MARKET MOVERS: SPCX, NVDA, TRIP, FOXA, ROKU, WBD, PSKY, WDS, RACE, DDOG
ES +1.3%, NQ +2.1%, RTY +1.7%
Let the Buyer Beware
Global stocks surged and oil prices slid on Monday after the United States and Iran agreed on a preliminary peace deal. The memorandum of understanding should see the Strait of Hormuz reopen following more than three months of near-total disruption that upended the global energy market.
U.S. President Donald Trump and Pakistani Prime Minister Shehbaz Sharif announced a deal had been struck late on Sunday. But the agreement – scheduled to be signed on Friday in Switzerland – leaves many questions unanswered, suggesting market celebrations may prove premature.... (Reuters Morning Bid)
Market Update
While it is a long road to turn a MOU into a formal peacxe deal, markets are showing relief and acting accprdingly.
This suggests risk on will stay the flavor of the day today with support on dips in risk (watch stocks and oil) likely, especially if US500 stays above 7500 and NAS 100 above 30K.
EURUSD US500 XBRUSD
Forex Market Snapshot
The dollar is trading weaker but lagging other markets with stocks and gold up sharply and crude oil trading sharply lower.
CHF is overperforming followed by the EUR abd AUD while the JPY lags as USDJPY is back above 160.
For now, markets expressing a sigh of relief but a long way to go to reconcile what have been irreconcilable differences (for another discussion). .
Newsquawk Week Ahead Highlights in Focus 15-19th June 2026
Newsquawk Week in Focus 15-19th June 2026: Highlights include Fed, BoJ, RBA, BoE, SNB, US Retail Sales, Japan CPI, UK Inflation and UK Jobs
Pakistan’s PM Sharif says following intensive talks, we are pleased to announce that the peace deal between US and Islamic Republic of Iran has been reached and official signing ceremony will take place on Friday, 19th June in Switzerland
Says:Both sides have declared immediate and permanent termination of military operations on all fronts including in Lebanon.
With an agreement now in place, the mediators will facilitate a series of meetings this week.Newsquawk US Market Wrap: Risk-on as markets await US-Iran deal signing; SpaceX rises 19% on trading debut
SNAPSHOT: Equities up, Treasuries down, Crude down, Dollar mixed, Gold down
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