Financial Markets Daily Report
11 juny 2026
Risk-off sentiment built through Thursday’s session, initially driven by AI-led weakness in tech, followed by a mixed May US CPI (headline in line with expectations and core MoM below), and later by renewed geopolitical tensions after Trump announced a second round of US strikes on Iran, which started already around the US close.
Sovereign yields rose on both sides of the Atlantic. In the eurozone, curves flattened and peripheral spreads were broadly unchanged as investors awaited the ECB and positioned for a hawkish outcome. In the US, softer core CPI initially steadied yields, but they moved higher into the close as oil prices rose on the Iran escalation, reinforcing stagflation concerns.
Equities declined across regions, with Asia leading losses on tech weakness, Europe more contained, and US indices weakening as geopolitical concerns rose, with the VIX surging too. In FX, the dollar strengthened modestly. In commodities, energy prices rose, while gold fell with news indicating CPI-driven liquidation outweighed safe-haven demand.