{"id":431855,"date":"2026-06-10T18:40:16","date_gmt":"2026-06-10T11:40:16","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/06\/investinglive-european-markets-wrap-us-iran-tensions-escalate-ahead-of-big-cpi-report\/"},"modified":"2026-06-10T18:40:16","modified_gmt":"2026-06-10T11:40:16","slug":"investinglive-european-markets-wrap-us-iran-tensions-escalate-ahead-of-big-cpi-report","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/06\/investinglive-european-markets-wrap-us-iran-tensions-escalate-ahead-of-big-cpi-report\/","title":{"rendered":"investingLive European markets wrap: US-Iran tensions escalate ahead of big CPI report"},"content":{"rendered":"<div>\n<p>Headlines:<\/p>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/trump-on-iran-theyve-taken-too-long-to-negotiate-a-deal-now-they-will-have-to-pay-price-20260610\/\">Trump on Iran: They&#8217;ve taken too long to negotiate a deal, now they will have to pay price<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/irans-baghaei-tehran-needs-to-re-assess-talks-with-the-us-following-overnight-clashes-20260610\/\">Iran&#8217;s Baghaei: Tehran needs to re-assess talks with the US following overnight clashes<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/us-futures-hold-lower-with-inflation-data-in-focus-20260610\/\">US futures hold lower with inflation data in focus<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/the-sp-500-is-at-risk-of-another-selloff-as-traders-hold-their-breath-ahead-of-the-us-cpi-20260610\/\">The S&amp;P 500 is at risk of another selloff as traders hold their breath ahead of the US CPI<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/what-is-the-distribution-of-forecasts-for-the-us-cpi-20260610\/\">What is the distribution of forecasts for the US CPI?<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/boj-governor-ueda-has-been-hospitalised-expected-to-be-absent-from-next-weeks-meeting-20260610\/\">BOJ governor Ueda has been hospitalised, expected to be absent from next week&#8217;s meeting<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/boj-to-raise-interest-rates-to-1-in-june-meeting-poll-20260610\/\">BOJ to raise interest rates to 1% in June meeting &#8211; poll<\/a><\/li>\n<\/ul>\n<p>Markets:<\/p>\n<ul>\n<li>S&amp;P 500 futures down 1.0%, Nasdaq futures down 1.5%<\/li>\n<li>Oil prices stay underpinned, WTI crude up 1.5% to $89.50<\/li>\n<li>US dollar keeps steadier across the board<\/li>\n<li>US 10-year yields up 1.4 bps to 4.54%<\/li>\n<li>Gold down 2.3% to $4,165<\/li>\n<li>Bitcoin down 2% to $60,898<\/li>\n<\/ul>\n<p class=\"text-align-justify\">Well, thar she blows! After all the talk of being &#8220;very close&#8221; to a deal, US president Trump is out saying that enough is enough. He is threatening fresh strikes against Iran&#8217;s infrastructure, noting that negotiations are taking too long and that Tehran must now &#8220;pay the price&#8221;.<\/p>\n<p class=\"text-align-justify\">That&#8217;s adding to further risk jitters to a market that is already looking nervous ahead of the US CPI report later today. Is it perhaps a case that Trump got a look that the inflation numbers are going to run hot and he fears how the market will respond to that? We shall see.<\/p>\n<p class=\"text-align-justify\">But for now, it&#8217;s all shaping up to be a more risk-off mood as we look towards US trading later.<\/p>\n<p class=\"text-align-justify\">US futures are being dragged through the mud as the tech selloff deepens on the week. S&amp;P 500 futures are down 1% now with Nasdaq futures down 1.5%. All of this is making for a rather gloomy mood ahead of the SpaceX IPO on Friday.<\/p>\n<p class=\"text-align-justify\">Meanwhile, oil prices are staying underpinned with WTI crude up 1.5% to $89.50. And in the major currencies space, the dollar continues to hold steadier across the board. The changes are light besides a drop in the aussie, owing to a more defensive risk mood.<\/p>\n<p class=\"text-align-justify\">In other markets, 10-year Treasury yields are up 1.4 bps to 4.54% while precious metals are seeing the selloff extend further with gold down 2.3% to $4,165 on the day.<\/p>\n<p class=\"text-align-justify\">Dum, dum, dum.<\/p>\n<p class=\"text-align-justify\">The hammer is starting to fall and things look like they could get much uglier before they get better now. It&#8217;s on to the US CPI report next.<\/p>\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Headlines: Trump on Iran: They&#8217;ve taken too long to negotiate a deal, now they will have to pay price Iran&#8217;s Baghaei: Tehran needs to re-assess talks with the US following overnight clashes US futures hold lower with inflation data in focus The S&amp;P 500 is at risk of another selloff as traders hold their breath [&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-431855","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/431855","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=431855"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/431855\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=431855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=431855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=431855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}