S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
- Dow Jones futures struggle as US-Iran friction raises oil supply concerns, boosting inflation fears.
- Iran ruled out negotiating with President Trump, stating talks will remain frozen until his term ends in 2029.
- Investors await key inflation data and earnings reports from Cardinal Health, CoreWeave, and Super Micro Computer.
Dow Jones futures decline by 0.11% to trade around 54,000 during European hours on Tuesday. Meanwhile, S&P 500 futures are steady around 7,770 and Nasdaq 100 futures gain 0.12%, trading near 29,770.
US stock futures are mixed as traders adopt a cautious stance amid escalating geopolitical tensions. Rising concerns over potential oil supply disruptions have fueled inflation fears, leading to growing speculation that the Federal Reserve (Fed) may feel compelled to raise interest rates sooner than expected, even against the backdrop of a cooling labor market. According to the CME FedWatch Tool, the market-implied odds of a 25-basis-point rate hike in September have climbed to nearly 52%, up from 44.4% just a day prior.
Iran has explicitly ruled out any future negotiations with US President Donald Trump. Citing Iranian news outlets and a post on X by Majid Shakeri, an adviser to Parliament Speaker Mohammad Bagher Ghalibaf, reports indicate that Tehran intends to wait until the current US presidential term ends on January 20, 2029, before considering a return to the bargaining table. “Trump will not reach an agreement with us. We will accompany him until his term ends,” Shakeri stated.
Chipmakers retreat as energy and health care cushion US equity pullback
Jim Reid’s team at Deutsche Bank notes that the broader US equity complex softened, with the NASDAQ (-0.32%) and Russell 2000 (-0.56%) also losing ground. They highlight that “energy (+4.63%) and health care (+1.68%) sectors helped limit the S&P 500’s decline,” even as the tech space came under renewed pressure. Leading the losses were chipmakers, with Deutsche Bank pointing out that “the Philly semi index dropping -2.94% after its +9.25% rebound last week” marked a sharp reversal for the sector.
Looking ahead, investors are closely monitoring upcoming inflation data scheduled for release this week to better gauge the Federal Reserve’s next policy move. Meanwhile, on the corporate front, market participants are keeping an eye on earnings reports due today from key companies, including Cardinal Health, CoreWeave, and Super Micro Computer.
