Financial Markets Daily Report
12 juny 2026
Yesterday's session was marked by late optimism after President Trump called off the US-planned strikes on Iran, after reportedly having advanced negotiations with Tehran. Brent crude prices dropped nearly 3%, to settle just above $90/bbl, while gold rebounded more than 3%, being priced above $4200/ounce at session-ending.
Government bond yields fell in the euro area, leaving peripheral spreads untouched, after the ECB decided to hike the official deposit interest rate by 25 b.p. to 2.25%, a decision that was fully discounted by the market. US Treasuries fell sharply on late-session optimism, ahead of Fed's next week meeting.
In equities markets, indices advanced on both sides of the Atlantic, led by US stocks. As market volatility harshly dropped, the US dollar weakened against peers, settling just below the 160 JPY per USD barrier that has triggered interventions in the past. With no major macro releases today, the focus will continue to be in the Middle East conflict.