{"id":432753,"date":"2026-06-26T18:51:14","date_gmt":"2026-06-26T11:51:14","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-european-markets-wrap-oil-drops-further-stocks-down-with-eyes-on-big-tech-432753\/"},"modified":"2026-06-26T18:51:14","modified_gmt":"2026-06-26T11:51:14","slug":"investinglive-european-markets-wrap-oil-drops-further-stocks-down-with-eyes-on-big-tech","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-european-markets-wrap-oil-drops-further-stocks-down-with-eyes-on-big-tech-432753\/","title":{"rendered":"investingLive European markets wrap: Oil drops further, stocks down with eyes on big tech"},"content":{"rendered":"<div>\n<p>Headlines:<\/p>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/us-futures-marked-lower-after-tumultuous-wall-street-session-yesterday-20260626\/\">US futures marked lower after tumultuous Wall Street session yesterday<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/forex\/eurusd-is-retesting-a-key-zone-amid-us-dollar-weakness-on-peak-hawkish-repricing-20260626\/\">EUR\/USD is retesting a key zone amid US dollar weakness on peak hawkish repricing<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/iran-says-strait-of-hormuz-shipping-will-be-governed-by-terms-of-memorandum-with-oman-20260626\/\">Iran says Strait of Hormuz shipping will be governed by terms of memorandum with Oman<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/theres-still-mud-in-the-waters-on-how-things-are-playing-out-with-the-strait-of-hormuz-20260626\/\">There&#8217;s still mud in the waters on how things are playing out with the Strait of Hormuz<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/how-have-interest-rate-expectations-changed-after-this-weeks-events-20260626\/\">How have interest rate expectations changed after this week&#8217;s events?<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/ecb-survey-shows-inflation-expectations-dropping-markedly-and-growth-outlook-improving-20260626\/\">ECB survey shows inflation expectations dropping markedly and growth outlook improving<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/Orders\/mild-dollar-buying-expected-this-month-end-credit-agricole-20260626\/\">Mild dollar buying expected this month-end &#8211; Credit Agricole<\/a><\/li>\n<\/ul>\n<p>Markets:<\/p>\n<ul>\n<li>S&amp;P 500 futures down 0.5%, Nasdaq futures down 1.2%<\/li>\n<li>European stocks drop, DAX down 1.2% and CAC 40 down 0.8%<\/li>\n<li>WTI crude down 3% to $69.70<\/li>\n<li>EUR leads, AUD lags on the day<\/li>\n<li>US 10-year yields down 1 bps to 4.38%<\/li>\n<li>Gold up 0.6% to $4,050<\/li>\n<\/ul>\n<p class=\"text-align-justify\">It was a more tentative session as markets are holding more mixed. While traders and investor remain calm on the US-Iran situation as reflected in oil prices, there is some nervousness and anxiety in equities after the AI push and pull yesterday.<\/p>\n<p class=\"text-align-justify\">Big tech is in focus after the selloff yesterday and that&#8217;s leading to a more sluggish mood with S&amp;P 500 futures down 0.5% and Nasdaq futures down 1.2% on the day. All eyes will be on how Wall Street takes to that later today, with the reaction being one that could spill over to broader markets.<\/p>\n<p class=\"text-align-justify\">As we await further US-Iran developments, oil prices are down with WTI crude lower by 3% to $69.70. Technical talks on Iran&#8217;s nuclear\/uranium will only begin next week but for now, traders are sensing some calm despite mixed signals from the Strait of Hormuz.<\/p>\n<p class=\"text-align-justify\">In other markets, the dollar is down slightly after the more solid gains this week. EUR\/USD is back up by 0.3% to 1.1400 while USD\/JPY is still just keeping thereabouts near the 2024 highs, down 0.1% today to 161.60 levels.<\/p>\n<p class=\"text-align-justify\">Meanwhile, precious metals are also seeing a slight bounce towards the final stretch of the week. Gold is up 0.6% to $4,050 with silver up 0.6% to $58.20 on the day.<\/p>\n<p class=\"text-align-justify\">There&#8217;s not much else to it as we also near month-end and quarter-end, with rebalancing flows perhaps a consideration before the weekend and\/or early next week into the London fix.<\/p>\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Headlines: US futures marked lower after tumultuous Wall Street session yesterday EUR\/USD is retesting a key zone amid US dollar weakness on peak hawkish repricing Iran says Strait of Hormuz shipping will&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-432753","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432753","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=432753"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432753\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=432753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=432753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=432753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}