Market Update
Stocks, Oil and Bond Yields Edged Higher as Iran-Israel War Threatens Global Energy Supply Chain
Barry Adams
16 Jun, 2025
New York City
Wall Street indexes advanced on Monday despite elevated geopolitical tensions and trade policy uncertainties.
The S&P 500 index gained 0.3%, and the tech-heavy Nasdaq Composite advanced 0.4%, and investors overlooked rising tensions between Israel and Iran.
For the fourth consecutive day, Israel and Iran exchanged aerial attacks as both countries targeted each other's energy infrastructure.
Iran threatened to close the Strait of Hormuz, which could cut off the supply of crude oil and natural gas to global markets.
Crude oil prices jumped as much as $77 a barrel in overnight trading but cooled down to $73 a barrel following a lull in air attacks over the last few hours.
Market sentiment was positive despite growing chaos in the Middle East, ongoing Russia's invasion into Ukraine, U.S. trade policy uncertainty, and the fading luster of U.S. safe-haven status.
The Fed Reserve is set to announce rate decisions on Wednesday, and investors are estimating the central bank to hold rates steady amid tariff uncertainty and rising geopolitical tensions in the Middle East.
The Bank of England and the Bank of Japan are also set to announce their rate decisions.
On the earnings front, markets anticipate results from Jabil, John Wiley & Sons, Lennar, Progressive Corp., Accenture Plc., CarMax, and Carnival Corp.
Commodities, Currencies, Indexes, Yields
The S&P 500 index increased 0.9% to 6,028.10, the Nasdaq Composite edged up 1.0% to 19,603.71, and the Russell 2000 index advanced 1.0% to 2,121.18.
The yield on 2-year Treasury notes edged higher to 3.97%, 10-year Treasury notes increased to 4.44%, and 30-year Treasury bonds advanced to 4.93%.
WTI crude oil decreased $1.15 to $71.83 a barrel, and natural gas prices edged higher by $0.14 to $3.72 a thermal unit.
Gold decreased by $23.73 to 3,410.68 an ounce, and silver edged up by $0.07 to $36.39.
The dollar index, which weighs the US currency against a basket of foreign currencies, decreased by 0.38 to 97.81 and traded at the lowest level since April 2022.
U.S. Stock Movers
On Monday's trading, tech stocks led gainers on Wall Street amid speculation that leading tech companies are likely beneficiaries of the increased military spending.
Tesla Inc. edged up 2% to $331.56, Meta Platforms inched higher 0.6% to $687.14, Alphabet advanced 0.6% to $175.66, and Microsoft Corp. declined 0.6% to $473.77.
Stocks, Oil and Bond Yields Edged Higher as Iran-Israel War Threatens Global Energy Supply Chain
Barry Adams
16 Jun, 2025
New York City
Wall Street indexes advanced on Monday despite elevated geopolitical tensions and trade policy uncertainties.
The S&P 500 index gained 0.3%, and the tech-heavy Nasdaq Composite advanced 0.4%, and investors overlooked rising tensions between Israel and Iran.
For the fourth consecutive day, Israel and Iran exchanged aerial attacks as both countries targeted each other's energy infrastructure.
Iran threatened to close the Strait of Hormuz, which could cut off the supply of crude oil and natural gas to global markets.
Crude oil prices jumped as much as $77 a barrel in overnight trading but cooled down to $73 a barrel following a lull in air attacks over the last few hours.
Market sentiment was positive despite growing chaos in the Middle East, ongoing Russia's invasion into Ukraine, U.S. trade policy uncertainty, and the fading luster of U.S. safe-haven status.
The Fed Reserve is set to announce rate decisions on Wednesday, and investors are estimating the central bank to hold rates steady amid tariff uncertainty and rising geopolitical tensions in the Middle East.
The Bank of England and the Bank of Japan are also set to announce their rate decisions.
On the earnings front, markets anticipate results from Jabil, John Wiley & Sons, Lennar, Progressive Corp., Accenture Plc., CarMax, and Carnival Corp.
U.S. Stock Movers
On Monday's trading, tech stocks led gainers on Wall Street amid speculation that leading tech companies are likely beneficiaries of the increased military spending.
Tesla Inc. edged up 2% to $331.56, Meta Platforms inched higher 0.6% to $687.14, Alphabet advanced 0.6% to $175.66, and Microsoft Corp. declined 0.6% to $473.77.
European Markets Advanced as Israel-Iran War Entered Fourth Day
Bridgette Randall
16 Jun, 2025
London
European markets advanced in cautious trading amid escalating tensions in the Middle East and ahead of rate decisions from major central banks.
Benchmark indexes in Frankfurt, Paris, Milan, and London edged higher as investors overlooked Middle East tensions.
Iran and Israel exchanged missile attacks for the fourth day in a row as both countries targeted military and nuclear infrastructure.
Crude prices jumped more than 3% after Iran threatened to close the Strait of Hormuz, impacting the global supply of crude oil.
The Bank of England, the Federal Reserve, and the Bank of Japan are scheduled to announce their rate decisions later in the week.
Three major central banks are expected to hold rates amid rising crude oil prices and uncertainty linked to the U.S. trade policy.
Europe Indexes and Yields
The DAX index increased by 0.3% to 23,590.74, the CAC-40 index edged higher by 0.3% to 7,711.76, and the FTSE 100 index advanced 0.2% to 8,869.65.
The yield on 10-year German bonds inched higher to 2.58%, French bonds increased to 3.29%, UK gilts moved up to 4.58%, and Italian bonds edged higher to 3.52%.
The euro increased to $1.16; the British pound was higher at $1.36; and the U.S. dollar was higher and traded at 81.29 Swiss cents.
Brent crude increased $0.55 to $74.78 a barrel, and the Dutch TTF natural gas was higher by €0.76 to €38.31 per MWh.
Europe Movers
Renault declined 7% after the vehicle maker confirmed that its chief executive, Luca De Meo, would step down.
Several analysts speculated that Meo is likely to take the helm of the fashion house as early as next month, driving Kering's stock higher.
Kering SA jumped 9.9% to €189.74, and Renault SA fell 7% to €40.05.
Airbus SE inched 0.3% higher to €162.04 after the company's chief executive, Guillaume Faury, confirmed muted orders at this week's Paris Air Show, following the crash of an Air India Boeing Dreamliner last week.
Industry analysts are estimating a sharp fall in annual orders to between 700 and 800, from 1,300 in 2023, amid ongoing supply chain woes and macroeconomic uncertainty.
European Markets Advanced as Israel-Iran War Entered Fourth Day
Bridgette Randall
16 Jun, 2025
London
European markets advanced in cautious trading amid escalating tensions in the Middle East and ahead of rate decisions from major central banks.
Benchmark indexes in Frankfurt, Paris, Milan, and London edged higher as investors overlooked Middle East tensions.
Iran and Israel exchanged missile attacks for the fourth day in a row as both countries targeted military and nuclear infrastructure.
Crude prices jumped more than 3% after Iran threatened to close the Strait of Hormuz, impacting the global supply of crude oil.
The Bank of England, the Federal Reserve, and the Bank of Japan are scheduled to announce their rate decisions later in the week.
Three major central banks are expected to hold rates amid rising crude oil prices and uncertainty linked to the U.S. trade policy.
Europe Indexes and Yields
The DAX index increased by 0.3% to 23,590.74, the CAC-40 index edged higher by 0.3% to 7,711.76, and the FTSE 100 index advanced 0.2% to 8,869.65.
The yield on 10-year German bonds inched higher to 2.58%, French bonds increased to 3.29%, UK gilts moved up to 4.58%, and Italian bonds edged higher to 3.52%.
The euro increased to $1.16; the British pound was higher at $1.36; and the U.S. dollar was higher and traded at 81.29 Swiss cents.
Brent crude increased $0.55 to $74.78 a barrel, and the Dutch TTF natural gas was higher by €0.76 to €38.31 per MWh.
Europe Movers
Renault declined 7% after the vehicle maker confirmed that its chief executive, Luca De Meo, would step down.
Several analysts speculated that Meo is likely to take the helm of the fashion house as early as next month, driving Kering's stock higher.
Kering SA jumped 9.9% to €189.74, and Renault SA fell 7% to €40.05.
Airbus SE inched 0.3% higher to €162.04 after the company's chief executive, Guillaume Faury, confirmed muted orders at this week's Paris Air Show, following the crash of an Air India Boeing Dreamliner last week.
Industry analysts are estimating a sharp fall in annual orders to between 700 and 800, from 1,300 in 2023, amid ongoing supply chain woes and macroeconomic uncertainty.
Japan's Indexes Advanced Ahead of BOJ Rate Decisions
Akira Ito
16 Jun, 2025
Tokyo
Japan's stock market indexes traded higher on Monday, reversing losses from the previous session, as investors overlooked escalating tensions in the Middle East.
Iran and Israel traded missile attacks, as both sides targeted key military and nuclear infrastructures, amid mounting casualties.
Iran threatened to close the Strait of Hormuz, a key shipping route for crude oil, driving the oil prices higher in Asian and European trading.
Investors awaited the release of rate decisions from the Bank of Japan at the end of a two-day meeting on Tuesday.
The central bank is widely expected to hold rates amid worries of higher inflation stoked by the Middle East tensions and uncertainty related to U.S. tariffs.
Japan Indexes and Stocks
The Nikkei 225 Stock Average rose 1.3% to 38,311.33, and the broader Topix index increased 0.8% to 2,777.13.
Eneos Holdings declined 2.2% to ¥726.30, Idemitsu Kosan Co. Ltd. decreased 0.4% to ¥883.0, and Inpex Corp. fell 0.4% to ¥2,114.0.
IHI Corp. gained 3.5% to ¥15,855.0, Kawasaki Heavy Industries increased 1.2% to ¥10,670.0, and Mitsubishi Heavy Industries advanced 2% to ¥3,582.0.
Nippon Yusen KK advanced 0.5% to ¥5,146.0, Mitsui O.S.K. Lines added 1.4% to ¥4,993.0, and Kawasaki Kisen Kaisha Ltd. added 1.4% to ¥2,095.50.
Japan's Indexes Advanced Ahead of BOJ Rate Decisions
Akira Ito
16 Jun, 2025
Tokyo
Japan's stock market indexes traded higher on Monday, reversing losses from the previous session, as investors overlooked escalating tensions in the Middle East.
Iran and Israel traded missile attacks, as both sides targeted key military and nuclear infrastructures, amid mounting casualties.
Iran threatened to close the Strait of Hormuz, a key shipping route for crude oil, driving the oil prices higher in Asian and European trading.
Investors awaited the release of rate decisions from the Bank of Japan at the end of a two-day meeting on Tuesday.
The central bank is widely expected to hold rates amid worries of higher inflation stoked by the Middle East tensions and uncertainty related to U.S. tariffs.
Japan Indexes and Stocks
The Nikkei 225 Stock Average rose 1.3% to 38,311.33, and the broader Topix index increased 0.8% to 2,777.13.
Eneos Holdings declined 2.2% to ¥726.30, Idemitsu Kosan Co. Ltd. decreased 0.4% to ¥883.0, and Inpex Corp. fell 0.4% to ¥2,114.0.
IHI Corp. gained 3.5% to ¥15,855.0, Kawasaki Heavy Industries increased 1.2% to ¥10,670.0, and Mitsubishi Heavy Industries advanced 2% to ¥3,582.0.
Nippon Yusen KK advanced 0.5% to ¥5,146.0, Mitsui O.S.K. Lines added 1.4% to ¥4,993.0, and Kawasaki Kisen Kaisha Ltd. added 1.4% to ¥2,095.50.
Japan
Akira Ito
16 Jun, 2025
Tokyo
Japan's stock market indexes traded higher on Monday, reversing losses from the previous session, as investors overlooked escalating tensions in the Middle East.
Iran and Israel traded missile attacks, as both sides targeted key military and nuclear infrastructures, amid mounting casualties.
Iran threatened to close the Strait of Hormuz, a key shipping route for crude oil, driving the oil prices higher in Asian and European trading.
Investors awaited the release of rate decisions from the Bank of Japan at the end of a two-day meeting on Tuesday.
The central bank is widely expected to hold rates amid worries of higher inflation stoked by the Middle East tensions and uncertainty related to U.S. tariffs.
Japan Indexes and Stocks
The Nikkei 225 Stock Average rose 1.3% to 38,311.33, and the broader Topix index increased 0.8% to 2,777.13.
Eneos Holdings declined 2.2% to ¥726.30, Idemitsu Kosan Co. Ltd. decreased 0.4% to ¥883.0, and Inpex Corp. fell 0.4% to ¥2,114.0.
IHI Corp. gained 3.5% to ¥15,855.0, Kawasaki Heavy Industries increased 1.2% to ¥10,670.0, and Mitsubishi Heavy Industries advanced 2% to ¥3,582.0.
Nippon Yusen KK advanced 0.5% to ¥5,146.0, Mitsui O.S.K. Lines added 1.4% to ¥4,993.0, and Kawasaki Kisen Kaisha Ltd. added 1.4% to ¥2,095.50.
Europe Movers: Crest Nicholson, Flughafen Zuerich, Photon Energy
Inga Muller
16 Jun, 2025
Frankfurt
Crest Nicholson Holdings Plc. eased 3.7% to 189.60 pence after the UK-based home builder reported results for the half year ending on April 30.
Revenue declined to £249.5 million from £257.5 million, net income swung to a profit of £6.7 million from a loss of £23.4 million, and diluted earnings per share swung to a profit of 2.6 pence from a loss of 9.1 pence a year ago.
The company paid an annual dividend of 1.3 pence per share, up from 1.0 pence a year earlier.
The company announced a significant reduction in half-year land creditors to £77.8 million, compared to £131.6 million in the full year 2024.
Flughafen Zuerich AG traded down 3.4% to CHF 224.00 after the owner and operator of Zurich Airport released its passenger update for May.
The Zurich Airport handled 2,775,275 passengers in May, up 0.1% from the previous year, as the number of local passengers increased by 1.4% and transfer passengers declined by 3.0%.
The transfer rate was at 27.7%, compared to 28.6% in May last year.
Flight movements in May increased by 1.4% to 24,092 from 23,762 in the previous year.
The total turnover in May declined 3.1% to CHF 53.9 million from CHF 55.4 million a year earlier.
Overall, the passenger count increased at all the international airports except for the Florianopolis Airport, where the count fell by 2.8% from a year ago.
Photon Energy NV traded up 0.8% €0.75 after the Netherlands-based solar power and energy storage company reported results for the fiscal first quarter ending on March 31.
Revenue surged to €22.05 million from €17.37 million, net income swung to a profit of €0.10 million from a loss of €1.08 million, and diluted loss per share expanded to €0.061 from €0.022 a year ago.
The company reported electricity generation of 23.7 GWh in the quarter, up 6.5% from a year earlier, as the company commissioned 5.1 MWh in Hungary and shut down approximately 19.4 MWh in Romania.
In addition, Photon Energy received a favorable grid connection capacity of 250 MWh in South Africa as the company is developing a PV plant with 150 MW, or 1.8 GWh for 12 hours, of thermal hydro storage.
The company has secured capacity market contracts for 139.20 MW for fiscal 2026.
Europe Movers: Crest Nicholson, Flughafen Zuerich, Photon Energy
Inga Muller
16 Jun, 2025
Frankfurt
Crest Nicholson Holdings Plc. eased 3.7% to 189.60 pence after the UK-based home builder reported results for the half year ending on April 30.
Revenue declined to £249.5 million from £257.5 million, net income swung to a profit of £6.7 million from a loss of £23.4 million, and diluted earnings per share swung to a profit of 2.6 pence from a loss of 9.1 pence a year ago.
The company paid an annual dividend of 1.3 pence per share, up from 1.0 pence a year earlier.
The company announced a significant reduction in half-year land creditors to £77.8 million, compared to £131.6 million in the full year 2024.
Flughafen Zuerich AG traded down 3.4% to CHF 224.00 after the owner and operator of Zurich Airport released its passenger update for May.
The Zurich Airport handled 2,775,275 passengers in May, up 0.1% from the previous year, as the number of local passengers increased by 1.4% and transfer passengers declined by 3.0%.
The transfer rate was at 27.7%, compared to 28.6% in May last year.
Flight movements in May increased by 1.4% to 24,092 from 23,762 in the previous year.
The total turnover in May declined 3.1% to CHF 53.9 million from CHF 55.4 million a year earlier.
Overall, the passenger count increased at all the international airports except for the Florianopolis Airport, where the count fell by 2.8% from a year ago.
Photon Energy NV traded flat at 3.40 zloty after the solar power and energy storage company reported results for the fiscal first quarter ending on March 31.
Revenue surged to €22.05 million from €17.37 million, net income swung to a profit of €0.10 million from a loss of €1.08 million, and diluted loss per share expanded to €0.061 from €0.022 a year ago.
The company reported electricity generation of 23.7 GWp in the quarter, up 6.5% from a year earlier, as the company commissioned 5.1 MWp in Hungary and shut down approximately 19.4 MWp in Romania.
In addition, Photon Energy received a favorable grid connection capacity of 250 MWp in South Africa as the company is developing a PV plant with 150 MW, or 1.8 GWh for 12 hours, of thermal hydro storage.
The company has secured capacity market contracts for 139.20 MW for fiscal 2026.
Trade-In Program Boosted China's Retail Sales, New Home Sales Struggled In May
Li Chen
16 Jun, 2025
Hong Kong
Stocks in China and Hong Kong struggled to advance on Monday, and investors reviewed the latest batch of economic data.
The Hang Seng declined 0.1%, and the mainland-focused CSI 300 index decreased a fraction after a batch of mixed economic data sapped market enthusiasm.
China's retail sales rose 6.4% from a year ago in May, the largest pace of increase since December 2023, the National Bureau of Statistics reported Monday.
In addition, industrial output advanced 5.8% in May, a slight decline from 6.1% in April, the National Bureau of Statistics reported Monday.
China's economy has withstood several economic shocks, as the central government extended its trade-in program to sustain consumer spending.
China's fixed-asset investment increased 3.7% in the first five months to May, slower than 4% in the period between January and April.
New home sales by area declined 2.9% in the first five months, following a 2.8% decrease in the first four months, according to data released by China Real Estate Information Corp.
Sales at the top 100 residential real estate developers fell 7.1% in the first five months to May, faster than the 6.7% decline in the January–April period.
Moreover, the reported jobless rate eased slightly to 5.0% in May from 5.1% in April, the statistics bureau reported.
China's unemployment rates are viewed with a higher level of skepticism because of past inconsistencies and a lack of reliable data-gathering practices.
Most international economists estimate China's jobless rate is closer to between 7% and 9%, but the precise data are hard to come by.
China Indexes and Stocks
The Hang Seng index decreased 0.1% to 23,864.20, and the mainland-focused CSI 300 index dropped 0.07% to 3,861.67.
Residential property developers advanced, despite the faster decline in sales of new homes in the first five months to May.
Longfor Group Holdings Ltd. increased 1.9% to HK $9.93, China Overseas Land & Investment increased 0.3% to HK $13.94, and China Vanke Co. Ltd. added 3% to HK $5.09.
China's Retail Sales Advanced Boosted by Trade-In Program, New Home Sales Struggled In May
Li Chen
16 Jun, 2025
Hong Kong
Stocks in China and Hong Kong struggled to advance on Monday, and investors reviewed the latest batch of economic data.
The Hang Seng declined 0.1%, and the mainland-focused CSI 300 index decreased a fraction after a batch of mixed economic data sapped market enthusiasm.
China's retail sales rose 6.4% from a year ago in May, the largest pace of increase since December 2023, the National Bureau of Statistics reported Monday.
In addition, industrial output advanced 5.8% in May, a slight decline from 6.1% in April, the National Bureau of Statistics reported Monday.
China's economy has withstood several economic shocks, as the central government extended its trade-in program to sustain consumer spending.
China's fixed-asset investment increased 3.7% in the first five months to May, slower than 4% in the period between January and April.
New home sales by area declined 2.9% in the first five months, following a 2.8% decrease in the first four months, according to data released by China Real Estate Information Corp.
Sales at the top 100 residential real estate developers fell 7.1% in the first five months to May, faster than the 6.7% decline in the January–April period.
Moreover, the reported jobless rate eased slightly to 5.0% in May from 5.1% in April, the statistics bureau reported.
China's unemployment rates are viewed with a higher level of skepticism because of past inconsistencies and a lack of reliable data-gathering practices.
Most international economists estimate China's jobless rate is closer to between 7% and 9%, but the precise data are hard to come by.
China Indexes and Stocks
The Hang Seng index decreased 0.1% to 23,864.20, and the mainland-focused CSI 300 index dropped 0.07% to 3,861.67.
Residential property developers advanced, despite the faster decline in sales of new homes in the first five months to May.
Longfor Group Holdings Ltd. increased 1.9% to HK $9.93, China Overseas Land & Investment increased 0.3% to HK $13.94, and China Vanke Co. Ltd. added 3% to HK $5.09.
U.S. and Global Stocks On Defensive Amid Escalating Tensions In Middle East
Barry Adams
13 Jun, 2025
New York City
Wall Street indexes opened sharply lower and extended their decline amid a sharp escalation in tensions in the Middle East.
The S&P 500 index decreased 0.9%, and the tech-heavy Nasdaq Composite fell 0.7% after Israel struck several cities deep into Iran.
For the week, the broader indexes were on track to advance before Friday's sell-off, and the S&P 500 index edged up 0.6%, and the Nasdaq Composite inched higher 0.5%.
Israel confirmed that its air attacks have struck several nuclear installations and military targets in Tehran, Natanz, Tabriz, and other locations.
Iran confirmed that Israel's targeted strikes have killed at least three top commanders and several leading nuclear scientists.
Israel said it will continue the attacks until it has "neutralized" the nuclear threat, without giving details.
Crude oil prices shot up as much as 15% before subsiding to an increase of 5%, and gold edged higher 1%.
The yield on 10-year U.S. Treasury notes edged lower as investors added exposure to bond investments and sought the safety of interest payments over the risk of volatile stocks.
Commodities, Currencies, Indexes, Yields
The S&P 500 index decreased 0.7% to 6,003.00, the Nasdaq Composite edged down 0.8% to 19,497.99, and the Russell 2000 index declined 1.2% to 2,114.99.
The yield on 2-year Treasury notes edged higher to 3.95%, 10-year Treasury notes increased to 4.39%, and 30-year Treasury bonds advanced to 4.88%.
WTI crude oil increased $5.40 to $73.42 a barrel, and natural gas prices edged higher by $0.05 to $3.54 a thermal unit.
Gold increased by $54.25 to 3,440.52 an ounce, and silver edged down by $0.07 to $36.27.
The dollar index, which weighs the US currency against a basket of foreign currencies, increased by 0.53 to 98.45 and traded at the lowest level since April 2022.
U.S. Stock Movers
Defense stocks advanced after Israel conducted preemptive strikes on nuclear facilities in Iran.
Lockheed Martin Corp. added 3% to $483.50, General Dynamics increased 2.2% to $282.03, and RTX Corp. added 3.5% to $146.0.
Energy explorers advanced, following the surge in oil prices in New York, London, and Asia.
Exxon Mobil increased 3.3% to $146.0, Chevron Corp. added 2.8% to $148.88, and ConocoPhillips advanced 4.5% to $99.0.