Financial Markets Daily Report
23 juny 2026
On yesterday's session, markets kept a positive tone, as the US-Iran peace talks progressed and the US Treasury allowed Iranian oil sales, easing supply risks. Oil prices fell more than 3%, the dollar rose slightly, while the pound edged up higher on the announcement of PM's Keir Starmer resignation and the prospect of an orderly leadership transition.
Euro area bond yields fell, on expectations that further rate hikes by the ECB are now less likely, as Lagarde reiterated a flexible approach, but played down second-round inflation risks. Peripheral spreads remained stable. In the US, Treasury yields rose across the curve, as traders adjusted to a more hawkish Fed and the prospect of weaker forward guidance.
Euro area equities rose, while US stocks corrected. Both the S&P (-0,4%) and the Nasdaq (-1,3%) posted losses, driven by falls in technology stocks, as investors remain wary of any signals of tech overvaluation and await further developments on US-Iran peace talks.