Morning Pack — Thursday 11 June 2026
Data time: approx. 06:25 UK / GMT
Market Comment
Markets are attempting to recover after a sharp US sell-off, with futures higher across the board. The key driver remains geopolitical risk after US strikes on Iran, with oil extending gains and investors watching the Strait of Hormuz closely. Treasury yields are little changed, suggesting the equity move is not yet being treated as a broader growth scare. Focus today is the ECB decision, Lagarde press conference, US PPI and jobless claims.
Asia-Pacific Markets
| Market | Level | Change |
|---|
| Nikkei 225 | 64,307.12 | +127.85 / +0.20% |
| Shanghai | 3,964.88 | -28.35 / -0.71% |
| Shenzhen | 14,804.03 | -150.07 / -1.00% |
| Hang Seng | 24,210.90 | -197.06 / -0.81% |
| ASX 200 | 8,661.50 | +8.20 / +0.09% |
| Kospi | 7,765.02 | +34.20 / +0.44% |
| Straits Times | 4,966.04 | +7.19 / +0.14% |
| NZX 50 | 13,202.16 | -51.49 / -0.39% |
Top Headlines
- Live: Stock futures rise as U.S. completes strikes against Iran — CNBC
- Investors brace for a “long grind” as Iran war escalation dims hopes of an early end — CNBC
- Oil jumps as U.S. strikes in Iran raise worries of extended disruption to energy flows — CNBC
- Global stocks hit one-month low, oil gains on Iran — Bloomberg
- US strikes Iran in Trump escalation over stalled peace talks — Bloomberg
- China cancels high-level meetings with EU — FT
- Oracle beats on earnings, but stock drops on plans to raise another $20bn — CNBC
- Tariff refunds equalled tariff collections last month — WSJ
US Futures
| Market | Level | Change |
|---|
| Dow Futures | 50,123.00 | +133.00 / +0.27% |
| S&P Futures | 7,305.50 | +27.00 / +0.37% |
| Nasdaq Futures | 28,724.75 | +170.75 / +0.60% |
| Russell 2K Futures | 2,852.70 | +13.90 / +0.49% |
US Cash Close
| Market | Level | Change |
|---|
| Dow | 49,918.78 | -953.33 / -1.87% |
| Nasdaq | 25,169.50 | -509.32 / -1.98% |
| S&P 500 | 7,266.99 | -119.66 / -1.62% |
| Russell 2000 | 2,835.46 | -31.56 / -1.10% |
| VIX | 22.22 | +2.35 / +11.83% |
Bonds
| Treasury | Yield | Change |
|---|
| US 2Y | 4.133% | +0.006 / +0.6bp |
| US 10Y | 4.542% | +0.002 / +0.2bp |
| US 30Y | 5.024% | -0.001 / -0.1bp |
Commodities
| Commodity | Price | Change |
|---|
| WTI Crude | 91.08 | +1.05 / +1.17% |
| Brent | 94.01 | +0.91 / +0.98% |
| Natural Gas | 3.188 | +0.003 / +0.09% |
| Gold | 4,077 | +5.26 / +0.13% |
FX
| Pair | Level | Change |
|---|
| EUR/USD | 1.1550 | +0.0015 / +0.13% |
| GBP/USD | 1.3383 | +0.0017 / +0.13% |
| USD/JPY | 160.48 | -0.05 / -0.031% |
| EUR/GBP | 0.8626 | Unch |
| USD/CNY | 6.7742 | -0.0003 / -0.0044% |
| USD/CAD | 1.3934 | -0.0005 / -0.0359% |
Calendar — GMT
| Time | Event | Forecast | Previous |
|---|
| 10:00 | OPEC Monthly Report | — | — |
| 10:00 | Eurogroup Meetings | — | — |
| 12:15 | ECB Deposit Facility Rate | 2.25% | 2.00% |
| 12:15 | ECB Monetary Policy Statement | — | — |
| 12:15 | ECB Interest Rate Decision | 2.40% | 2.15% |
| 12:30 | US Continuing Jobless Claims | 1,780K | 1,777K |
| 12:30 | US Core PPI MoM | 0.5% | 1.0% |
| 12:30 | US Initial Jobless Claims | 220K | 225K |
| 12:30 | US PPI MoM | 0.7% | 1.4% |
| 12:45 | ECB Press Conference | — | — |
| 14:15 | ECB President Lagarde Speaks | — | — |
| 16:00 | WASDE Report | — | — |
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