🌏 Asian Markets Asian shares bounced back Tuesday after the region's steepest selloff in months. Tokyo's Nikkei 225 gained 1% to 64,654, with tech and chip equipment makers leading gains. South Korea's Kospi surged 3.5% to 7,743, recovering from Monday's 8%+ collapse - SK Hynix jumped 7.7% after announcing a data centre partnership with Nvidia, Samsung rose 3.6%. Oil prices eased from Monday highs, helping lift regional sentiment.
🇺🇸 Wall Street (June 8 close) S&P 500: +0.30% → 7,405 | Nasdaq: +0.86% → 25,929 | Dow Jones: -0.16% → 50,786. Tech led the partial recovery with the semiconductor ETF up 5%, though broader gains were capped by ongoing Middle East uncertainty.
🛢️ Oil Brent closed at ~$94.48/bbl on June 8, having spiked above $97 intraday after Iran and Israel exchanged missile strikes, before paring gains as Iran declared an end to military operations and Trump signalled ceasefire progress. Oil is easing further this morning.
🥇 Gold Gold is trading around $4,321/oz - near its lowest since late March. The Iran-Israel ceasefire easing safe-haven demand, combined with a strong US jobs report last week, pushed Fed rate hike probability for December above 40%, weighing on bullion. Investors now await Wednesday's US CPI and Thursday's PPI.
💶 EUR/USD The pair edged up to 1.1537, near its weakest level since April 3, as Middle East tensions, rising inflation, and a strong dollar kept pressure on the euro. The ECB is expected to hike rates at its June 11 meeting - traders are pricing in up to three ECB increases this year, after Eurozone CPI hit 3.2% in May.
₿ Bitcoin BTC is trading around $63,200-63,500, bouncing modestly alongside recovering tech sentiment but remaining well off its earlier 2026 highs.
📌 Key Events This Week 🔸 US CPI - Wednesday 🔸 ECB Rate Decision - Thursday 🔸 Middle East ceasefire talks - ongoing wildcard for oil & gold
⚠️ Trading involves risk. This is not investment advice.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now