Traders work on the floor of the New York Stock Exchange during morning trading on June 15, 2026 in New York City.
Michael M. Santiago | Getty Images News | Getty Images
Stock futures edged higher early Monday as investors weighed a pause in hostilities between the U.S. and Iran, though uncertainty over the durability of the agreement kept concerns about Middle East oil supplies in focus.
Dow Jones Industrial Average futures rose 205 points, or 0.39%. S&P 500 futures ticked higher by 0.74%, while the technology-heavy Nasdaq-100 futures advanced 1.08%.
Traders were also keeping a close eye on U.S. tech stocks ahead of Monday’s opening bell, following last week’s sharp market swings across the sector.
Arm led the way in premarket trade, rising 3.46%, as Marvell added 2.16%. Shares in Micron Technology were seen up 1.56%, while Intel advanced 1.17%.
SpaceX was also set to open 1.23% higher after Nasdaq announced last week that Elon Musk’s satellite company will be fast-tracked onto the Nasdaq 100 next month.
The U.S. and Iran agreed Sunday to pause hostilities and allow commercial vessels to transit the Strait of Hormuz freely, following a weekend of military exchanges that threatened to derail negotiations aimed at ending their conflict.
“Technical talks are slated to continue on all areas of the MOU,” a U.S. official told CNBC on Sunday. “Both sides will stand down for now and vessels can move freely.”
The U.S. attacked Iranian military targets over the weekend in retaliation for Iranian strikes in the Strait of Hormuz. President Donald Trump then threatened to annihilate Iran, saying in a Truth Social post: “United States aircraft just struck Iranian missile and drone storage locations, and coastal radar sites, for violating the Cease Fire Agreement, AGAIN!”
Crude prices rose at the start of the week as traders assessed whether the pause in hostilities would hold and ease concerns over disruptions to energy supplies. International Brent oil climbed 0.67% to $72.47 per barrel. West Texas Intermediate futures advanced 1.2% to $70.06.
Across the Atlantic, European stock markets began the new trading week in mixed territory. The pan-European Stoxx 600 was 0.18% lower in mid-morning trade.
In Frankfurt, Germany’s DAX was down almost 0.1%, while the Italian FTSE MIB was 0.14% higher in Milan. In London, the U.K.’s FTSE 100 dipped more than 0.25%, and in Paris, the CAC 40 was 0.47% lower.
Asian markets closed mostly higher, with key benchmarks rebounding from losses seen at the start of the trading day, following the latest developments in the Middle East.
Japan’s Nikkei 225 was 0.15% higher, ending the session at 69,468.11, while South Korea’s Kospi slipped 0.2% to 8,394.65.
Hong Kong Hang Seng Index advanced 1.82% higher in the final hour of trade, while the mainland’s CSI 300 was up 1.21% at 4,926.92. Australia’s benchmark S&P/ASX 200 added 0.68% to 8,823.40.
Wall Street is coming off a mixed week marked by a rotation out of technology stocks and into other sectors.
The S&P 500 and Nasdaq Composite shed nearly 2% and 4.6%, respectively, with Nvidia and Alphabet losing more than 8% each. Meta Platforms, Apple and Amazon also dropped more than 4% each, while SpaceX tumbled 17%.
The Dow, which is less exposed to tech, bucked the negative trend, advancing 0.6%. Merck and Johnson & Johnson led the 30-stock benchmark higher last week, rising 13% and 11.5%, respectively.
“Investors seem to be experiencing AI Fatigue,” wrote Ed Yardeni, president of Yardeni Research. “They are questioning whether the hyperscalers’ massive spending on AI infrastructure will ever pay off. … They worry that new technologies will rapidly make current ones obsolete in a process known as ‘creative destruction.'”
This week will mark the end of June trading. As of Friday’s close, the S&P 500 is down 3% for the month, while the Nasdaq has fallen more than 6%. The Dow, meanwhile, has climbed more than 1%.
Treasury yields little changed as investors look ahead to key jobs data
U.S. Treasury yields were little changed on Monday as investors looked ahead to key jobs data coming later in the week and monitored a fragile pause in hostilities between the U.S. and Iran.
At 3:50 a.m. ET, the benchmark 10-year Treasury yield rose less than a basis point to 4.376%, while the 2-year Treasury yield rose just over 1 basis point to 4.102%. Meanwhile, the 30-year bond yield declined less than one basis point to 4.861%.
One basis point is equal to 0.01%, and yields and prices move in opposite directions.
Investors are anticipating upcoming labor market data during the holiday-shortened week. The bond market will be closed on Friday, 3 July, ahead of Independence Day celebrations.
— Sawdah Bhaimiya
British American Tobacco shares dip on plans to cut 5,500 roles
British American Tobacco’s U.S.-listed shares dipped in premarket trading after the company announced it would lay off 5,500 roles in a bid to deliver £600 million ($792.6 million) in cost savings by 2028.
The global tobacco company, which sells cigarettes, vapes, and other nicotine products, said Monday that 5,500 roles will be slashed by the end of the year and a further 3,500 jobs will be shifted to strategic partners, as part of its Fit2Win restructuring program. BAT sank nearly 2% before the market opened.
“We are building a future-ready organisation that is more agile, cost disciplined and technology enabled,” BAT CEO Tadeu Marroco said. “These changes affect many of our colleagues, and we are focused on supporting them through this transition with care and respect, as we position the business for the future.”
Earlier this year, BAT introduced an AI-driven productivity program in a bid to secure efficiency gains and simplify workloads, which it said would impact the size of the organization.
Most of the cuts announced have already been confirmed with the employees affected.
— Sawdah Bhaimiya
SpaceX shares rise in premarket trading after Nasdaq announces fast-track listing
Silas Stein | Picture Alliance | Getty Images
SpaceX shares rose 1.5% in premarket trading Monday after Nasdaq said the aerospace and satellite company would be fast-tracked onto the Nasdaq-100 index next month.
Elon Musk’s company is expected to join the tech-heavy benchmark index before trading begins on July 7.
The move, which Nasdaq announced following Friday’s market close, comes just weeks after the rocket maker went public in a blockbuster IPO on June 12.
—Hugh Leask
European stocks start the week in mixed territory
European markets began the new trading week with no clear direction, with regional bourses and sectors in mixed territory by 8:10 a.m. in London (3:10 a.m. E.T.)
The Stoxx 600 opened flat on Monday, with the pan-European benchmark hovering around the flatline in early trade.
Most regional sectors were in the red, though technology was a standout performer, gaining 1.15%.
In Frankfurt, Germany’s DAX rose 0.18%, while the Italian FTSE MIB was 0.13% higher in Milan. In London, the U.K.’s FTSE 100 was down 0.09%, and in Paris, the CAC 40 was about 0.25% lower.
— Hugh Leask
Asia-Pacific markets closed mostly higher as Middle East conflict remains in focus
Asia markets closed mostly higher, with key benchmarks rebounding from losses seen at the start of the trading day.
Japan’s Nikkei 225 was 0.15% higher, ending the session at 69,468.11, while South Korea’s Kospi slipped 0.2% to 8,394.65.
Hong Kong Hang Seng Index advanced 1.82% higher in the final hour of trade, while the mainland’s CSI 300 was up 1.21% at 4,926.92. Australia’s benchmark S&P/ASX 200 added 0.68% to 8,823.40.
— Justina Lee
Dutch tech investor Prosus up 2.5% as core annual profits surge 84%
Dutch technology investor Prosus reported an 84% jump in its full-year adjusted core profit on Monday. Annual revenues reached $9.7 billion in the year to March 31, with group adjusted EBITDA of $1.1 billion.
Prosus.
Fabricio Bloisi, CEO of Prosus, said the Amsterdam-based company, whose portfolio investments include Just Eat and Tencent, attributed stronger growth and profitability to the way the group uses technology.
But he also warned that European regulators are driving big tech away from the continent and towards the U.S. “It’s a mistake. We have to have big tech companies here,” Bloisi told CNBC’s “Squawk Box Europe” Monday.
Prosus shares added 2.5% at the open.
— Hugh Leask
BT and Verizon to launch $4 billion international connectivity joint venture
BT Group and Verizon are combining their international enterprise operations in a new 50:50 joint venture, which will create a new company focused on multinational connectivity.
In a statement, the telecoms giants said the deal will be worth about $4 billion in annual revenue, and will serve more than 3000 customers in over 180 countries.
Martijn Blanken is named CEO-designate of the new joint venture.
BT Group.
Dan Schulman, CEO of Verizon, said: “Our international customers require secure, flexible connectivity that works seamlessly across borders and cloud environments. When we thought about how to best support them, this joint venture was the clear answer: a cutting-edge, AI-ready and secure platform run by a single global organization dedicated to their needs.”
Allison Kirkby, CEO of BT Group, said the venture will create long-term value for shareholders. “Customers will benefit from new, secure and resilient connectivity platforms, which are designed for the age of AI and sovereign where it matters.”
— Hugh Leask
Gold and silver trade lower as inflation concerns linger
Gold rose on Tuesday, as safe-haven demand lingered amid geopolitical uncertainty, while silver also hovered near all-time highs.
Ravitaliy | Istock | Getty Images
Gold and silver traded lower in early dealmaking, as questions over the durability of the Middle East ceasefire pushed oil prices higher, driving renewed inflation concerns and sending non-yielding precious metals lower.
Gold futures were last seen 0.68% lower at $4,068.10 shortly after 6:15 a.m. in London (1:15 a.m. E.T.). Spot prices of bullion were last seen down to the tune of 0.91%, at $4,050.84.
Meanwhile, silver futures were trading at $58.15, a 1.82% slide. Spot silver was last seen 1.5% lower at $58.25.
— Hugh Leask
Nintendo’s shares surge over 6% after saying it will evaluate feasibility of stock split
Shares of Nintendo surged more than 6% after the company said it is evaluating the feasibility of a stock split.
The Japanese video game company said it “believes reduction of the minimum trading unit of shares is one of the effective measures to further expand the investor base and to enhance stock liquidity,” according to a statement on Monday.
The company last enacted a 10-for-1 stock split of its common stock in October 2022.
Stock splits help companies reduce the price of individual shares, making them more accessible to retail investors. The company’s overall market capitalization is not altered by stock splits, though they do increase the total number of outstanding shares.
— Justina Lee
Baidu shares surged 7% as AI chip arm Kunlunxin said to target $50 billion Hong Kong IPO
Hong Kong-listed shares of Baidu surged more than 7% Monday on reports that its artificial intelligence chip unit Kunlunxin is targeting an initial public offering in the city, which could value its affiliate at $50 billion.
Prospective investors were asked to buy semiconductors worth three to seven times the value of their intended investment in Kunlunxin’s planned listing, The Information reported Sunday, citing two sources familiar with the matter.
Baidu confidentially filed a listing application for Kunlunxin on the Hong Kong Stock Exchange at the start of the year, though offering details, including size and structure, were undecided then.
—Justina Lee
Read the full story here
China widens Japan export curbs to limit Tokyo’s access to Chinese-origin dual-use goods
China on Monday blacklisted four Japanese government defense research institutes and imposed tighter export restrictions on dozens of other Japanese entities, escalating a months-long campaign to limit Tokyo’s access to Chinese-origin dual-use goods.
The Ministry of Commerce added 20 entities on the export control list and another 20 — including Mitsui E&S Co., drone maker Terra Drone Corporation, nuclear fuel processors, and multiple units of OKI Electric Industry — on a watch list requiring enhanced licensing scrutiny. Both actions take effect immediately.
The authorities would implement “stricter end-user and end-use reviews on exports of dual-use items by entities on the watch list,” the ministry said.
“Exports involving Japanese military users, military uses, and any other end-user uses that contribute to enhancing Japan’s military strength will not be approved,” according to the statement.
— Anniek Bao
Oil jumps back above $70 amid renewed Middle East supply fears
Oil edged higher on Monday after renewed military strikes between the U.S. and Iran over the weekend reignited concerns over crude supplies from the Middle East.
West Texas Intermediate futures rose 1.3% to $70.17 a barrel. International Brent climbed 0.78% to $72.55. WTI futures settled below $70 on Friday for the first time since Feb. 27 — the day before the start of the Iran war.
Following clashes that threatened to derail negotiations aimed at ending the conflict, U.S. officials said both sides would pause hostilities and allow commercial vessels to transit the Strait of Hormuz freely.
— Lee Ying Shan
Samsung, SK Hynix shares fall amid report of $1.3 trillion spending plans
Shares of Samsung Electronics and SK Hynix plunged on Monday after reports surfaced that the pair are expected to unveil investment plans worth more than a trillion dollars.
Samsung Electronics’ stock was down 4.7%, while SK Hynix was 3.1% lower.
Samsung Electronics and SK Hynix will unveil major investment plans of up to 2,000 trillion won ($1.3 trillion) over the next 10 years, the Korea Economic Daily reported.
The investment plans will be announced during a government briefing at 2 p.m. local time Monday. The meeting will be chaired by President Lee Jae Myung, the presidential office said Sunday.
— Lee Ying Shan
Asia markets open mixed as Middle East developments remain in the spotlight
Asia-Pacific markets traded mixed early Monday, as investors continue to assess the latest developments in the Middle East.
Japan’s Nikkei 225 slipped 0.35% while the Topix rose x0.43%.
The Kospi dropped 2.29% at open, while the small-cap Kosdaq added 0.97%.
Australia’s benchmark S&P/ASX 200 was 0.41% higher.
—Justina Lee
Asia-Pacific markets set to open higher following last week’s tech rout
Asia-Pacific markets were set to open higher on Monday after a rout in tech stocks last week.
Japan’s Nikkei 225 was poised to gain, with the Chicago futures contract at 70,170 and its Osaka counterpart last trading at 69,610, compared with the index’s previous close of 69,360.88.
Hong Kong Hang Seng index futures were at 22,916, higher than the index’s last close of 22,671.86.
In Australia, futures last traded at 8.774, while the S&P/ASX 200 closed Friday at 8,764.20.
Tensions in the Middle East escalated over the weekend after the U.S. struck Iranian military targets in retaliation for Iran’s strikes on shipping vessels in the Strait of Hormuz.
Markets are still parsing through mixed signals following the recent developments in the Middle East.
A Pakistani source told MS NOW that talks between Washington and Tehran have been put on hold, but that the US, Iran, Pakistan and Qatar all have representatives currently in Switzerland to restart discussions when instructed to do so.
A senior Trump administration official said the talks had not been called off. “Nothing has been cancelled,” the official said in a statement to MS NOW. “Technical talks regarding the implementation of [memorandum of understanding] are on track for the coming days as planned.”
The White House did not immediately respond to a request for comment from CNBC.
—Justina Lee
SpaceX to join the Nasdaq-100
SpaceX became one of the quickest additions ever to the Nasdaq-100 index, setting up a fresh wave of buying from passive investors less than a month after the company’s blockbuster public debut.
Nasdaq announced after the close Friday that SpaceX qualifies for inclusion in the benchmark technology index. Assuming the company meets the requirements, index-tracking funds and other product sponsors would begin purchasing shares after the market closes on July 6, with SpaceX officially joining the Nasdaq-100 before trading begins on July 7.
— Yun Li
Trump threatens Iran with annihilation
President Donald Trump again threatened Iran on Sunday with annihilation following U.S. attacks on Iranian military targets in retaliation for Tehran’s latest strikes on shipping in the strategically vital Strait of Hormuz.
Iran’s neighbors, Kuwait and Bahrain, reported incoming missiles and drones overnight.
“United States aircraft just struck Iranian missile and drone storage locations, and coastal radar sites, for violating the Cease Fire Agreement, AGAIN!,” Trump wrote on Truth Social.
— Azhar Sukri
