Financial Markets Daily Report30 juny 2026
Contradictory headlines from the Middle East drove Monday’s session. After a weekend in which hostilities surged between the US and Iran, President Trump announced that negotiations were to be resumed on Tuesday. Despite this, energy prices rose, especially TTF natural gas, that settled above EUR 42/MWh, and market-implied volatility dropped.
Government bond yields were muted on both sides of the Atlantic, with a slight flattening of the yield curves and leaving peripheral spreads nearly untouched in the euro area. Spanish CPI inflation came in higher than expected in June (3.2% realized vs 3% expected) although the core print surprised to the downside, and euro area equities fell slightly.
US equities rose sharply, driven that tech stocks that compensated the selloff suffered in the last weeks. In currency markets, the US dollar dropped but remained in 13-month-high levels. Despite the weakening, it still appreciated against the Japanese yen, leaving the USD/JPY cross in its highest level since 1986.