Public Markets 3 Days

Last updated: June 10, 2026, 2:30 AM ET

Energy & Commodities

Oil prices swung between gains and losses as Middle East tensions weighed on supply outlooks, while aluminum slipped to a one-month low on expectations of U.S. rate hikes. A surge in zinc processing fees to record lows pressured Chinese smelters, contrasting with robust metals demand that Vale said showed no war-related destruction. Crude prices stayed below $100 a barrel as China’s import cuts helped ease global supply concerns, though airlines warned of a $100 billion hit from jet fuel costs. The U.S. struck an Iran-bound tanker amid escalating conflict, erasing previous oil gains as traders priced in prolonged geopolitical risk.

Fixed Income & Currencies

Treasury yields edged higher following renewed military escalation, with investors paring bets on a September Fed cut ahead of CPI data. Japanese 30-year bonds drew weakest demand as inflation pressures mounted, while Indonesian assets rebounded after officials stepped up FX support measures. The Sri Lankan rupee surged 2% on central bank export conversion curbs, contrasting with weakness across Asian currencies ahead of key U.S. inflation figures. Gold extended declines as Middle East clashes jeopardized fragile truce efforts, though prices steadied after ceasefire between Iran and Israel.

Equities & Tech

South Korea’s Kospi extended losses as chipmakers felt pressure from heightened geopolitical risk, while bearish options surged to levels signaling past selloffs. AI-linked stocks led a rotation away from tech as investors rotated into economically sensitive sectors, with Hong Kong dollar carry trade appeal dimming amid climbing funding costs. Copper fell as rate hike bets grew, while healthcare stocks hit record lows in China on AI-driven capital shifts. Einride made its Nasdaq debut as IPO activity picked up in India, where Sigma Healthcare held preliminary talks for Boots. Apple investors awaited AI overhaul to power gains, while Meta partnered with Reliance on AI data centers after a security bug allowed Instagram account takeovers.

Deals & Capital Markets

Private equity groups finalized a $35 billion chip financing deal for Anthropic, among the largest private credit fundraisings, as Apollo and Blackstone secured large lending models. Air Canada pilot accused of flying without license for 17 years highlighted governance risks, while Berlin scaled back fighter jet program amid defense spending shifts. Universal Music sounded investors for a €1 billion bond after rejecting a hedge fund takeover, and PLDT sought $400 million from REIT listing for data centers. Carlsberg neared a $700 million India IPO as IPO wave hit $6 billion in India, with ERock raised $600 million in US IPO and Parabilis scored $745 million in an upsized offering.

Geopolitics & Regulation

EU considered suspending oil price cap as Iran conflict disrupted supply, while China tightened offshore wealth controls amid drone user crackdowns. Washington’s remaking of football attracted dollar flows, and Poland’s Orlen kept supplies flowing during Middle East war. Trump’s warming with Xi Jinping eased some tensions, though judge threw out H-1B visa fees as Republicans passed immigration bill. Regulators targeted Revolut over oversight deficiencies, while Scotland warned on long-term debt as market tests independence premium.

Sectors in Focus

GM pivoted to homegrown battery tech as EV sales flagged, while Nestle dropped out of Perrier bid. Cuba poised for big US fuel shipment amid energy crisis, and Brazil’s rare-earth ambitions clashed with regulator. Pharmaceuticals roundup highlighted Roche’s $2.3 billion license for Nurix, while Auto & Transport noted Maersk, Lufthansa pressures. Financial Services tracked bitcoin ETFs, and Energy & Utilities noted Barclays’ Brent outlook.