Public Markets 8 Hours

Last updated: June 12, 2026, 5:32 AM ET

Energy & Commodities

Oil futures tumbled below $90 a barrel for both Brent and WTI benchmarks after President Trump canceled planned strikes on Iran, signaling a potential peace deal within days. The three-month low in crude prices triggered broad gains across risk assets, with copper rallying alongside mining stocks as the prospect of eased Middle East tensions lifted industrial metal demand outlook. Meanwhile, Asia's energy crisis reached worst-case scenarios as the Asian Development Bank reported 15 countries requesting $4 billion in emergency support amid supply disruptions.

Fixed Income & Central Banks

European government bonds rallied sharply as oil's slide eased inflation concerns, though ECB officials remained cautious about premature optimism. Governing Council member Emmanuel Moulin warned of widening energy shock impacts across goods and services, while Jens Nagel signaled readiness for another rate hike in July if Middle East developments require tighter policy. The dollar's limited downside potential suggests currency markets remain skeptical of sustained geopolitical de-escalation despite the Trump-Iran thaw.

Equity Markets & M&A

Flutter Entertainment confirmed plans to delist from London and trade solely in New York, citing high regulatory costs and low trading volumes as persistent headwinds for UK markets. In Tokyo, Kioxia surpassed Toyota to become Japan's most valuable firm by market value, reflecting the artificial intelligence boom's transformative impact on equity rankings. Italian financial stocks soared broadly as Banca Monte dei Paschi di Siena attracted fresh bidding interest, while Bayer AG faces a $60 billion valuation test hinging on upcoming court decisions.

Specialty Markets & Infrastructure

A vibecoded newsletter platform is bringing transparency to the historically opaque hay market, addressing fragmentation across alfalfa, clover, and other varieties that have long characterized the sector's illiquid trading patterns. Separately, U.S. LNG developers confront weakening European demand for new supply contracts, undermining earlier assumptions that the continent would anchor the next generation of export projects amid ongoing energy transition pressures.

Asia-Pacific Markets

Chinese investors rushed to open Hong Kong accounts amid Beijing's crackdown on domestic investment products, seeking access to higher-yielding alternatives across the border. Heavy police deployments in Jakarta accompanied student protests against President Prabowo Subianto's economic policies, while Indonesia's export agency shifted focus to price monitoring rather than active trading intervention. Corporate profits in India hit record highs versus GDP despite equity market struggles, according to ICICI Securities data showing upbeat demand and capital spending outlooks.