{"id":432717,"date":"2026-06-25T20:00:18","date_gmt":"2026-06-25T13:00:18","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-european-markets-wrap-oil-precious-metals-drop-equities-surge-on-micron-432717\/"},"modified":"2026-06-25T20:00:18","modified_gmt":"2026-06-25T13:00:18","slug":"investinglive-european-markets-wrap-oil-precious-metals-drop-equities-surge-on-micron","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-european-markets-wrap-oil-precious-metals-drop-equities-surge-on-micron-432717\/","title":{"rendered":"investingLive European markets wrap: Oil, precious metals drop; equities surge on Micron"},"content":{"rendered":"<div>\n<p>Headlines:<\/p>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/us-futures-hold-higher-as-tech-shares-lead-the-charge-after-micron-earnings-ease-ai-fears-20260625\/\">US futures hold higher as tech shares lead the charge after Micron earnings ease AI fears<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/oman-reaffirms-that-future-arrangements-for-strait-of-hormuz-do-not-involve-tolls-20260625\/\">Oman reaffirms that future arrangements for Strait of Hormuz do not involve tolls<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/israel-has-pulled-back-from-part-of-its-buffer-zone-in-southern-lebanon-us-official-20260625\/\">Israel has pulled back from part of its buffer zone in southern Lebanon &#8211; US official<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/forex\/usdjpy-struggles-near-the-highest-levels-since-1986-amid-intervention-fears-20260625\/\">USD\/JPY struggles near the highest levels since 1986 amid intervention fears<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/ecb-policymaker-schnabel-says-further-rate-hikes-will-likely-be-needed-20260625\/\">ECB policymaker Schnabel says further rate hikes will likely be needed<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/boj-policymaker-tamura-says-important-for-fx-to-move-in-a-way-reflecting-fundamentals-20260625\/\">BOJ policymaker Tamura says important for FX to move in a way reflecting fundamentals<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/germany-july-gfk-consumer-sentiment-292-vs-276-expected-20260625\/\">Germany&#8217;s consumer climate sees moderate improvement going into July<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/frane-june-consumer-confidence-84-vs-83-expected-20260625\/\">French consumer confidence sees slight improvement in June but still at subdued levels<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/spain-q1-final-gdp-06-vs-06-qq-expected-20260625\/\">Spain Q1 GDP quarterly growth confirmed at 0.6%<\/a><\/li>\n<\/ul>\n<p>Markets:<\/p>\n<ul>\n<li>S&amp;P 500 futures up 0.6%, Nasdaq futures up 2.0%<\/li>\n<li>Micron shares up 16% in pre-market, Sandisk shares up 13% in pre-market<\/li>\n<li>WTI crude down 0.7% to $69.83<\/li>\n<li>USD leads, NZD lags on the day<\/li>\n<li>US 10-year yields up 1.7 bps to 4.42%<\/li>\n<li>Gold down 0.5% to $3,980<\/li>\n<li>Bitcoin up 0.5% to $61,186<\/li>\n<\/ul>\n<p class=\"text-align-justify\">It was a steadier session with markets very much just waiting on the blockbuster Wall Street open later after Micron earnings blew expectations out of the water.<\/p>\n<p class=\"text-align-justify\">The memory chipmaker is seeing shares climb over 16% in pre-market now and looks set to top the record high on Monday when the opening bell rings later.<\/p>\n<p class=\"text-align-justify\">That is setting the mood for equities with Asian shares surging higher for the most part. The Nikkei closed up by 4.6% and that&#8217;s leading a more positive mood in Europe as well. Needless to say, US futures are benefiting with tech shares leading the charge. S&amp;P 500 futures are up 0.6% while Nasdaq futures are up 2.0%.<\/p>\n<p class=\"text-align-justify\">In other markets, oil prices continue to squeeze lower with WTI crude dropping 0.7% to $69.83. The pressure comes despite some mixed signals on the Strait of Hormuz, with there not being any major pick up in crude oil tanker traffic just yet.<\/p>\n<p class=\"text-align-justify\">As for major currencies, things are little changed with USD\/JPY the most notable as it keeps jumpy near the 2024 high around 161.95.<\/p>\n<p class=\"text-align-justify\">Looking to precious metals, the bleeding continues with gold dipping back below $4,000 and being down 0.5% to $3,980 on the day. Meanwhile, silver is down 0.3% to $57.25 as it hovers at the lows for the year now.<\/p>\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Headlines: US futures hold higher as tech shares lead the charge after Micron earnings ease AI fears Oman reaffirms that future arrangements for Strait of Hormuz do not involve tolls Israel has&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-432717","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432717","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=432717"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432717\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=432717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=432717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=432717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}