Financial Markets Daily Report25 juny 2026
Wednesday saw a mixed session, as easing geopolitical tensions drove down commodities and sovereign yields, while equities remained pressured by concerns around tech companies' valuations. In commodities, energy prices declined, led by Brent crude, while gold fell on the back of a stronger dollar and higher expected real rates.
Sovereign bond yields fell on both sides of the Atlantic with curves flattening, especially in the US, as long-term yields fell comparatively more. US yields declined amid signs of weaker demand, after new single-family home sales fell unexpectedly in May for a second consecutive month.
In FX markets, the US dollar strengthened despite slightly softer Fed rate hike expectations. In equities, Asian markets traded unevenly, while European indices mostly declined. US equities also fell, although the S&P 500 outperformed the Nasdaq, supported by non-tech sectors benefiting from lower oil prices and reduced geopolitical risk.