Public Markets 3 Hours

Last updated: June 7, 2026, 8:31 PM ET

Energy Markets

Oil prices surged 3% in early trade amid escalating concerns of supply disruption in the Middle East after Iran fired waves of missiles at Israel following an Israeli airstrike on Beirut. The crude market jumped as traders worried that new strikes could escalate into a return to all-out conflict, threatening a fragile ceasefire as talks to end the war falter. Gold held its decline near $2,300/oz as the Iranian attacks jeopardized efforts to end the Middle East conflict that has upended global markets, with safe-haven demand muted despite the geopolitical tensions.

Global Equity Markets

US stock futures dropped 0.8% after a tech-led selloff on Wall Street, with equities set for further losses as strong jobs data fueled expectations that the Federal Reserve will keep interest rates higher for longer. Japanese stocks are set to sink led by tech shares after the robust US jobs report sparked a selloff in AI-related companies, while Middle East concerns added pressure on the market. Indonesian authorities face mounting pressure to deliver concrete policy measures after last week's selloff that pummeled stocks and the currency, with analysts warning that without firmer guidance, market sentiment could deteriorate further.

Corporate & Economic Indicators

Air New Zealand announced flight cuts for the three months through October as the airline faces rising jet fuel costs and soft demand in its home market, reflecting broader industry challenges. UK employers are hiring more temporary workers amid rising staff costs and uncertain economic outlook, according to a recent survey showing companies' reluctance to commit to permanent hires. British businesses warned that proposed changes to the 'nutrient profiling model' risk stoking inflation and reducing investment, adding to concerns about regulatory pressures on corporate profitability in the current economic climate.