{"id":431164,"date":"2026-05-29T19:00:09","date_gmt":"2026-05-29T12:00:09","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/05\/investinglive-european-markets-wrap-a-steadier-mood-as-us-iran-deal-still-awaited\/"},"modified":"2026-05-29T19:00:09","modified_gmt":"2026-05-29T12:00:09","slug":"investinglive-european-markets-wrap-a-steadier-mood-as-us-iran-deal-still-awaited","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-european-markets-wrap-a-steadier-mood-as-us-iran-deal-still-awaited-431164\/","title":{"rendered":"investingLive European markets wrap: A steadier mood as US-Iran deal still awaited"},"content":{"rendered":"<div>\n<p>Headlines:<\/p>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/deal-or-no-deal-markets-continue-to-eye-us-iran-headlines-ahead-of-the-weekend-20260529\/\">Deal or no deal? Markets continue to eye US-Iran headlines ahead of the weekend<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/forex\/japan-spent-117-trillion-on-foreign-exchange-interventions-in-the-past-month-20260529\/\">Japan spent \u00a511.7 trillion on foreign exchange interventions in the past month<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/japan-chief-cabinet-secretary-says-extremely-concerned-about-speculative-fx-moves-20260529\/\">Japan chief cabinet secretary says extremely concerned about speculative FX moves<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/fed-policymaker-schmid-my-primary-concern-is-inflation-which-is-too-hot-20260529\/\">Fed policymaker Schmid: My primary concern is inflation, which is too hot<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/boe-governor-bailey-we-have-already-tightened-policy-by-taking-rate-cuts-off-the-table-20260529\/\">BOE governor Bailey: We have already tightened policy by taking rate cuts off the table<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/bavaria-may-cpi-26-vs-29-yy-prior-20260529\/\">German states see slight drop in inflation pressures in May<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/france-may-preliminary-cpi-24-vs-25-yy-expected-20260529\/\">French inflation continues to pick up in May, highest reading since February 2024<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/spain-may-preliminary-cpi-32-vs-34-yy-expected-20260529\/\">Inflation pressures continue to hold up in Spain, core prices nudge a little higher<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/italy-may-preliminary-cpi-32-vs-32-yy-expected-20260529\/\">Italy inflation continues to push up in May, core prices nudge higher as well<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/germany-may-unemployment-change-12k-vs-10k-expected-20260529\/\">German unemployment falls unexpectedly in May, jobless rate down slightly as well<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/germany-april-import-prices-12-vs-11-mm-expected-20260529\/\">German import prices climb further in April as US-Iran conflict continues to reverberate<\/a><\/li>\n<\/ul>\n<p>Markets:<\/p>\n<ul>\n<li>WTI crude down 1.7% to $87.40<\/li>\n<li>DAX up 0.1% while CAC 40 up 0.7% on the day<\/li>\n<li>S&amp;P 500 futures up 0.1%, Nasdaq futures up 0.1%<\/li>\n<li>US dollar lightly changed across the board<\/li>\n<li>US 10-year yields down 1.4 bps to 4.44%<\/li>\n<li>Gold higher by 0.8% to $4,530<\/li>\n<\/ul>\n<p class=\"text-align-justify\">As we get into the final stretch of the week, the US and Iran are still yet to formalise a deal and sign off on the expected memorandum of understanding. This is one that has been &#8220;imminent&#8221; since the past weekend already. Yet, here we are.<\/p>\n<p class=\"text-align-justify\">It seems like we are close but come what may, this doesn&#8217;t mean the end of the conflict &#8211; even if the deal is going to be labelled as such. Just a bit of background:<\/p>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/how-close-are-we-actually-to-a-us-iran-endgame-20260525\/\" target=\"_blank\" rel=\"follow\">How close are we actually to a US-Iran endgame?<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-and-iran-know-what-the-puzzle-pieces-are-but-can-they-fit-them-all-together-20260527\/\" target=\"_blank\" rel=\"follow\">US and Iran know what the puzzle pieces are, but can they fit them all together?<\/a><\/li>\n<\/ul>\n<p class=\"text-align-justify\">Still, markets remain hopeful and we&#8217;re seeing a steadier mood in European morning trade today.<\/p>\n<p class=\"text-align-justify\">Oil prices are down once again with WTI crude lower by 1.7% to $87.40. That comes as equities are continuing to nudge up, with S&amp;P 500 futures up 0.1% following another round of gains in Wall Street yesterday. In Europe, we&#8217;re seeing a steadier mood too with the DAX up 0.1% and CAC 40 up 0.7% today.<\/p>\n<p class=\"text-align-justify\">Even though euro area inflation numbers are seen higher at the balance in May, bond yields are keeping down as US-Iran developments continue to override other elements at the moment. Besides Germany, price pressures were seen pushing up in France, Spain, and Italy.<\/p>\n<p class=\"text-align-justify\">10-year yields in France are down 3 bps to 3.56% while 10-year yields in the US are down 1.4 bps to 4.44% currently.<\/p>\n<p class=\"text-align-justify\">In FX, there wasn&#8217;t much action with the dollar holding steadier for the most part. EUR\/USD is marginally lower around 1.1640 with large option expiries at 1.1650 keeping price action in check. Meanwhile, USD\/JPY continues to keep around 159.20-30 levels even after Japan intervention data revealed a sizable amount spent by Tokyo officials in trying to pin down the currency pair during the past month.<\/p>\n<p class=\"text-align-justify\">Besides that, gold prices are seen higher with the precious metal pushing up by 0.8% to $4,530 in keeping with the recovery since trading yesterday.<\/p>\n<p class=\"text-align-justify\">It&#8217;s all now on whether we will see a US-Iran deal finally announced. And when the details come to surface, is it going to be a case of buy the rumour, sell the fact?<\/p>\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Headlines: Deal or no deal? Markets continue to eye US-Iran headlines ahead of the weekend Japan spent \u00a511.7 trillion on foreign exchange interventions in the past month Japan chief cabinet secretary says&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-431164","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/431164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=431164"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/431164\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=431164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=431164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=431164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}