{"id":433996,"date":"2026-07-17T18:45:42","date_gmt":"2026-07-17T11:45:42","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-european-markets-wrap-oil-pushes-up-tech-selling-pressures-continue-433996\/"},"modified":"2026-07-17T18:45:42","modified_gmt":"2026-07-17T11:45:42","slug":"investinglive-european-markets-wrap-oil-pushes-up-tech-selling-pressures-continue","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-european-markets-wrap-oil-pushes-up-tech-selling-pressures-continue-433996\/","title":{"rendered":"investingLive European markets wrap: Oil pushes up, tech selling pressures continue"},"content":{"rendered":"<div>\n<p>Headlines:<\/p>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/tech-shares-continue-to-stay-under-pressure-in-final-stretch-of-the-week\" rel=\"follow\">Tech shares continue to stay under pressure in final stretch of the week<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/central-banks\/how-have-interest-rate-expectations-changed-after-this-week-s-events-0\" rel=\"follow\">How have interest rate expectations changed after this week&#8217;s events?<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/irgc-reaffirms-that-no-oil-and-gas-will-pass-through-the-strait-of-hormuz-so-long-as-us-attacks-continue\" rel=\"follow\">IRGC reaffirms that no oil and gas will pass through the Strait of Hormuz so long as US attacks continue<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/central-banks\/bank-of-japan-to-keep-interest-rates-unchanged-at-july-meeting-kyodo\" rel=\"follow\">Bank of Japan to keep interest rates unchanged at July meeting &#8211; Kyodo<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/eurozone-june-final-cpi-vs-2-8-y-y-prelim\" rel=\"follow\">Euro area inflation confirmed to have eased slightly in June<\/a><\/li>\n<\/ul>\n<p>Markets\ufeff:<\/p>\n<ul>\n<li>S&amp;P 500 futures down 0.8%, Nasdaq futures down 1.5%<\/li>\n<li>WTI crude up 2.6% to $81.00<\/li>\n<li>CHF leads, AUD and GBP lag on the day<\/li>\n<li>US 10-year yields down 4.6 bps to 4.525%<\/li>\n<li>Gold up 0.6% to $3,992<\/li>\n<li>Bitcoin down 1.4% to $63,226<\/li>\n<\/ul>\n<p style=\"text-align: justify\" class=\"text-align-justify\">It was a more pensive session as traders and investors are keeping their eyes on Wall Street in the final stretch of the week.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Tech shares sold off heavily yesterday and that translated to an ugly day for Asian stocks with the Nikkei closing down 4% and KOSPI down by over 6%.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">In Europe, the losses weren&#8217;t as bad but only because of the less tech-heavy nature of major indices in the region. As for US futures, the bleeding continues with S&amp;P 500 futures down 0.8% and Nasdaq futures down 1.5%. It&#8217;s not just AI-related firms and chipmakers today, but also big tech is suffering in pre-market trade. So, the breadth of the selloff seems to be widening.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">All the while the US-Iran conflict continues to rage on and we&#8217;re seeing oil prices start to make waves again. WTI crude is up 2.6% to $81.00, looking to shake off the $80 mark through the week.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">In other markets, the US dollar is keeping more mixed as Treasury yields fall back a little today. EUR\/USD is flat at 1.1435, the same for USD\/JPY at the 162.30 level. Meanwhile, USD\/CHF is down 0.2% to 0.8068 with USD\/CAD down 0.1% to 1.4025 on the day. This comes as 10-year Treasury yields are lower by 4 bps to 4.525% currently.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">The mixture in the market mood is helping to see gold find some reprieve with the precious metal up 0.6% to $3,992. However, silver is down 0.2% to $55.40 in a more mixed picture for precious metals today.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">All eyes will be on how US stocks perform as we look to close out the week. And it looks like we&#8217;re going to be in for quite a volatile session before the weekend comes along.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Headlines: Tech shares continue to stay under pressure in final stretch of the week How have interest rate expectations changed after this week&#8217;s events? IRGC reaffirms that no oil and gas 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-433996","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433996","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=433996"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433996\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=433996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=433996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=433996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}