Newsquawk US Market Wrap: Stocks and bonds bid while crude is sold as Trump said Iran wants to make a deal
SNAPSHOT: Equities up, Treasuries up, Crude down, Dollar down, Gold up
REAR VIEW: US and Iran strikes continue; Trump stated Iran called a while ago, they want to make a deal; Further reports of explosions heard in Southern Iran, US denies it was them; Initial & continued claims little changed W/W; Fed’s Williams affirmed commitment to price stability; US existing home sales unexpectedly decline; Softer-than-expected Chinese CPI; China is reportedly mulling tightening the process of vetting AI modes; META reportedly signs long-term supply agreements for memory, networking gear, and flash storage; MU to invest more than $250B through 2035.
Market Update: NAS100 outperforms
NAS100 outperforming but needs to break 29852 and 30000 to negate downside risk and put bulls back in control.
US500 extended its pivot around 7500 to 7 days in a row and needs to break this pattern and establish 7500 as support to put bulls back in control.
US500 NAS100

US PRE-MARKET MOVERS: AZN, COST, PEP, LEVI, CBRS, IBM, MSFT, ENVX, AZZ, FCEL, CRM, PSKY
ES +0.2% NQ +0.9% RTY +0.3%
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Military exchanges between the U.S. and Iran intensified overnight as President Donald Trump seemed to double down on his view that Tehran was an unreliable negotiating partner, while also indicating that a full-scale war would not be restarting. Oil markets have so far taken the flareup in stride, with Brent crude staying under $80 per barrel despite yesterday’s surge to multi-week highs.
Global bonds remained weak in Asia trading, while stocks were mixed early on Thursday. A burst of enthusiasm for chip stocks in the U.S. on Wednesday helped lift Asian equities briefly before the rally lost momentum…full report on Reuters US Morning Bid
Newsquawk Daily US Opening News – 9th July 2026
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Forex Market Snapshot
The dollar is trasding a touch lower but off earlier lows in cautious trading. What caught my eye is that US bond yields remain elevated despite a risk on tone ahead of the US opening.
GBP continues to benefit from firmer crosses as it trades above 1.34, EURUSD pause just below 1.1450 has cooled its upside while USDJPY remains above 162 but wary of BoJ intervention.
Oner currency to watch is USDCAD, which came into the day pivoing 1.42 for 12 days in a row and has yet to test it today. For momentum to build to the downside, 1.4149 would need to be firmly broken.

Market Update: Risk Fights Back
Markets taking a wait-and-see approach in the hope that renewed atrtacks do not escalate has seen crude oil dip with positive ripple effects in other markets. Follow throuigh, however, follow through has so far been limited with EURUSD pausing just below 1.1450 and US500 printing 7500 for the 7th day in a row with a high at 7510 (on this CFD chart).
So another headline watching day where the reaction means more than the news itself
EURUSD US500 XTIUSD.

Newsquawk US Market Wrap: Stocks mixed and oil bid on escalating US/Iran tensions
SNAPSHOT: Equities mixed, Treasuries down, Crude up, Dollar down, Gold down
REAR VIEW: US-Iran tensions build amid renewed strikes between both sides; Trump thinks Iran ceasefire is over, believes dealing with Iran is a waste of time; Trump says might hit Iran tonight; Trump says will allow US negotiators to continue to talk if they want; Iran reportedly suspends talks on a final settlement with the US; Trump says cutting of all trade with Spain and all visits; Strong US 10yr note auction; Minutes repeat hawkish statement; RBNZ hikes rates as expected; AAPL announced plans to spend over $30B in a chip-supply deal with AVGO; China reportedly plans to allow some of their biggest AI companies to purchase a “small” number of NVDA H200 chi
Market Update
All eyes on the reaction to headlines out of the Gulf with stocks showing some resilience with bounce off the lows. US500 focus is on 7500 to see if a 6-day pivot around it can be extended or not. NAS100 move back above 29K giving it a reprieve and likely a bias settiNg level on Thursday as well.
US599 N AS199

FOMC minutes: A bi of a risk on reaction even though minutes were not dovish,
FOMC MINUTES: Participants generally saw upside risks to price stability as elevated, while downside risks to maximum employment goal had moderated a bit…read full report on
US 10-YR 4.587% +0.058
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13:00 bessent’s dept peddles off 39Bln of 10-Year paper
14:00 FOMC minutes
Cox suggested earlier that ‘Fed meeting minutes to show ‘family fight’ over rates. The squabble could drag on for a while”
for the moment players appear to have tamed their earlier enthusiastic bets for higher rates
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