{"id":432871,"date":"2026-06-29T19:40:05","date_gmt":"2026-06-29T12:40:05","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-european-markets-wrap-oil-prices-rise-tech-shares-look-to-bounce-back-432871\/"},"modified":"2026-06-29T19:40:05","modified_gmt":"2026-06-29T12:40:05","slug":"investinglive-european-markets-wrap-oil-prices-rise-tech-shares-look-to-bounce-back","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-european-markets-wrap-oil-prices-rise-tech-shares-look-to-bounce-back-432871\/","title":{"rendered":"investingLive European markets wrap: Oil prices rise, tech shares look to bounce back"},"content":{"rendered":"<div>\n<p>Headlines:<\/p>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-iran-technical-teams-still-on-course-to-meet-in-doha-in-the-coming-days-report-20260629\/\">US, Iran technical teams still on course to meet in Doha in the coming days &#8211; report<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/oil-prices-hover-around-pre-war-levels-as-focus-turns-to-the-us-data-and-the-fed-20260629\/\">Oil prices hover around pre-war levels as focus turns to the US data and the Fed<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/forex\/intervention-fears-are-capping-the-usdjpy-upside-as-traders-await-the-key-us-data-20260629\/\">Intervention fears are capping the USD\/JPY upside as traders await the key US data<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/precious-metals-struggle-to-find-much-comfort-gold-down-by-over-1-on-the-day-20260629\/\">Precious metals struggle to find much comfort, gold down by over 1% on the day<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/ecb-policymaker-kazaks-says-probability-of-negative-scenarios-has-fallen-massively-20260629\/\">ECB policymaker Kazaks says probability of negative scenarios has fallen massively<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/boes-pill-monetary-policy-hasnt-been-restrictive-enough-over-the-last-few-years-20260629\/\">BoE&#8217;s Pill: Monetary policy hasn\u2019t been restrictive enough over the last few years<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/spain-june-preliminary-cpi-32-vs-30-yy-expected-20260629\/\">Spanish inflation keeps more stubborn in June, preliminary estimates show<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/Orders\/deutsche-says-to-fade-any-dollar-strength-going-into-month-end-20260629\/\">Deutsche says to fade any dollar strength going into month-end<\/a><\/li>\n<\/ul>\n<p>Markets:<\/p>\n<ul>\n<li>WTI crude up 1% to $69.95<\/li>\n<li>European equities little changed<\/li>\n<li>S&amp;P 500 futures up 0.9%, Nasdaq futures up 1.3%<\/li>\n<li>NZD leads, JPY lags on the day<\/li>\n<li>US 10-year yields flat at 4.37%<\/li>\n<li>Gold down 1.3% to $4,035<\/li>\n<\/ul>\n<p class=\"text-align-justify\">It was a quieter start to the new week, following the weekend developments. The US and Iran exchanged strikes again before calling a truce, just so that technical talks were able to resumed in Doha starting tomorrow.<\/p>\n<p class=\"text-align-justify\">But in the meantime, it is a timely reminder that any reopening in the Strait of Hormuz will not be so straightforward.<\/p>\n<p class=\"text-align-justify\">Oil prices climbed a little as such, with WTI crude up 1% to $69.95 as we get things going on the week.<\/p>\n<p class=\"text-align-justify\">As a reminder, it will be a holiday-shortened week though in the run up to Independence Day in the US. However, things will get a bit more hectic in the days to come with lots to unpack as highlighted <a href=\"https:\/\/investinglive.com\/news\/what-to-look-out-for-in-markets-this-week-20260629\/\" target=\"_blank\" rel=\"follow\">here<\/a>.<\/p>\n<p class=\"text-align-justify\">In the equities space, US tech shares are looking for a more solid bounce back after a torrid showing last week. S&amp;P 500 futures are up 0.9% with Nasdaq futures up 1.3% on the day.<\/p>\n<p class=\"text-align-justify\">As for major currencies, the mood is more guarded still with the dollar keeping lightly changed ahead of month-end trading as well. EUR\/USD is up 0.2% near 1.1400 with large option expiries in focus but USD\/JPY is up 0.1% to 161.80 levels in continuing to flirt with potential intervention threats near the 2024 high.<\/p>\n<p class=\"text-align-justify\">In other markets, 10-year yields in the US are flattish at 4.37% while precious metals are dropping with gold down 1.3% to $4,035 on the day.<\/p>\n<p class=\"text-align-justify\">All eyes will stay on US-Iran developments for now, with month-end and quarter-end set to keep things a little bit more messy. All that before the focus turns to Fed chair Warsh&#8217;s appearance on Wednesday and then a special US non-farm payrolls release on Thursday this week.<\/p>\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Headlines: US, Iran technical teams still on course to meet in Doha in the coming days &#8211; report Oil prices hover around pre-war levels as focus turns to the US data and&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-432871","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432871","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=432871"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432871\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=432871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=432871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=432871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}