Market Summary
Markets Fall as Trump Rejects Iran Proposal: Stocks and bonds declined after President Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, reversing some of Friday’s optimism about a potential agreement. Asian equities slipped, while US and European equity futures pointed to a weaker open. Trump said he expects talks to resume this week, but investors remain focused on whether negotiations can restore shipping through the strait and ease pressure on global energy supplies.
Oil Rebounds as Supply Disruption Continues: Brent crude rose 3% to around $107.50 a barrel as the prolonged disruption to energy flows kept prices elevated. The dollar strengthened, while gold and silver declined as renewed concerns about energy-driven inflation weighed on market sentiment.
Bond Yields Rise as Fed Hike Bets Build: Government bond yields moved higher as traders priced in at least one further Federal Reserve rate increase this year. Today’s economic calendar is relatively quiet, with attention primarily focused on Friday’s US non-farm payrolls report for further clues about the path of monetary policy.
Key Market Moves Today
- S&P 500 Futures: -0.40% (7,772)
- Brent Crude: +2.36% ($106.80)
- Spot Gold: -2.85% ($4,163)
- Bitcoin: -1.80% ($83,056)
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