Financial Markets Daily Report04 junio 2026
Yesterday's session was marked by a risk-off sentiment, as energy prices continued to rise amid escalating tensions in the Middle East, with the US and Iran exchanging strikes with reportedly the highest intensity since the ceasefire was started in early April. Brent crude prices were up nearly 2% and TTF natural gas prices were up 2.5%.
Macro releases showed resilience on both sides of the Atlantic. In the US, the ISM services index came in higher-than-expected, and in the euro area, the release of services and composite PMI's surprised to the upside as well. Government bond yields rose globally, widening peripheral spreads in the euro area.
In equity markets, Asian indices registered gains as the session closed before the market sentiment deteriorated, while indices in the rest of the world fell, retreating from record highs in the US. In currency markets, the US dollar continued to strengthen against peers, particularly the Japanses yen, keeping investors alert for a new intervention by authorities.