German Bund Yields Hit Three-Week Low as Energy Prices Ease and ECB Outlook Softens 
US Stock Futures Hold Steady as Iran Hormuz Deal and Earnings Shape Market Sentiment 
Asian Stocks Slide as Semiconductor Selloff Weighs on South Korea and Japan 
Asian Currencies Steady as Markets Await U.S. Jobs Data 
Asian Currencies Hold Steady as US Dollar Nears Seven-Week Low Ahead of Key Jobs Data 
Canada, US Hold Constructive Trade Talks as Tariff Negotiations Continue 
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
Oil Prices Surge as Iran Hormuz Restrictions Renew Supply Fears 
Asian Stocks Mixed as Chip Selloff Hits KOSPI, Nikkei Ahead of US Jobs Data 
Asian Stocks Cautious Ahead of US Jobs Data as Oil Rises 
Philippine GDP Growth Slows to 2.3% in Q2 
US Job Growth Seen Picking Up in July 
European Stocks Near Record Highs as Earnings Strength Offsets Geopolitical Concerns 
UK Services PMI Returns to Growth in July as New Orders and Confidence Rebound 
Gold Price Hits Seven-Week High as Fed Rate Hike Bets Fade and Hormuz Deal Hopes Grow 
BOJ Rate Hike Expectations Rise Ahead of September Meeting 
BOJ Minutes Signal More Rate Hikes as Inflation Risks Grow 
U.S. stock index futures moved slightly higher Thursday night as escalating tensions between the United States and Iran in the Strait of Hormuz pressured investor sentiment and pulled Wall Street away from recent record highs. Despite geopolitical uncertainty, strong confidence in artificial intelligence continued to support technology stocks and limited broader market losses.
S&P 500 Futures gained 0.2% to 7,377.25 points, while Nasdaq 100 Futures climbed 0.3% to 28,767.0 points. Dow Jones Futures also rose 0.1% to 49,768.0 points during late trading activity. Investors remained focused on the impact of the Middle East conflict on global markets and the upcoming U.S. nonfarm payrolls report, which could provide fresh signals on Federal Reserve interest rate policy.
The U.S. military confirmed it intercepted Iranian attacks targeting three American warships traveling through the Strait of Hormuz. Iran accused Washington of violating an existing ceasefire after U.S. strikes reportedly hit several locations near the strategic waterway. Tehran has continued efforts to strengthen control over the strait, a critical route for global oil shipments.
President Donald Trump stated that the ceasefire agreement remains active, describing the latest military exchange as “a love tap.” However, he later warned Iran of additional strikes if negotiations failed to progress quickly.
Renewed military activity weakened hopes for a near-term U.S.-Iran peace agreement, especially after both nations previously indicated signs of diplomatic progress earlier in the week. The uncertainty dragged major U.S. indexes lower during Thursday’s session. The S&P 500 declined 0.3%, the Nasdaq Composite slipped 0.1%, and the Dow Jones Industrial Average fell 0.6%.
Technology and semiconductor stocks saw mild profit-taking after recent rallies, although enthusiasm surrounding AI-driven growth continued to support the sector. Investors are now closely monitoring Friday’s nonfarm payrolls data to assess the strength of the U.S. labor market and potential economic disruptions caused by the Iran conflict. Analysts believe the Federal Reserve may keep interest rates unchanged for the remainder of the year amid ongoing geopolitical and economic uncertainty.
