Market Overview

📝 Daily Brief

Global markets staged a sharp relief rally on Thursday after President Trump cancelled planned military strikes on Iran, easing fears of a deeper Middle East conflict. Wall Street surged: the S&P 500 jumped 1.70% to 7,390.53, the Nasdaq climbed 2.00% to 25,672.89, and the Dow added roughly 900 points (+1.8%) as tech and semiconductors led the rebound ahead of the highly anticipated SpaceX IPO. European bourses were more cautious, with the AEX up 0.30% to 1,048.12 in early trade and the DAX 40 ticking up 0.10% to 24,241.48, while the CAC 40 slipped 0.71% to 8,150.42. The FTSE 100 lost 0.41% to 10,330.16, and the Nikkei 225 had already gained 2.50% to 68,402.13 in Asia. Crypto recovered alongside risk assets: Bitcoin edged higher to around €55,000 (+1.53%) and Ethereum added 1.24% to roughly €1,450. Sovereign yields eased after the ECB's first rate hike since 2023, with the German 10Y Bund at 3.03% (-0.4 pp) and peripheral spreads narrowing — the French OAT at 3.69%, the Dutch 10Y at 3.15% and the Italian BTP at 3.82%. Oil gave back recent geopolitical premium: Brent crude slipped 0.18% to around $89/barrel, while gold dropped 0.64% to roughly $4,190/oz as the safe-haven bid faded.