Public Markets 8 Hours

Last updated: June 28, 2026, 8:30 PM ET

Geopolitics & Markets

Oil prices edged higher amid renewed supply disruption concerns stemming from the Persian Gulf, even as reports suggested the U.S. and Iran had agreed to halt attacks following a flare-up that saw a supertanker hit near the Strait of Hormuz US, Iran set halt. While equity futures showed gains on reports of de-escalation, Iran continues to view its control over the Strait of Hormuz as critical leverage in peace talks with the U.S., potentially risking the cease-fire Iran risks peace talks. The Bank for International Settlements warned that AI "exuberance" threatens global economy.

Investment Flows & Strategies

The world's largest public investors are planning to shift more capital into private and less liquid assets due to increasing risks in traditional bond and stock portfolios, according to an industry survey Sovereign funds pivot. Wall Street banks are reportedly abandoning bets for a stronger euro, as markets anticipate the U.S. outperforming Europe in interest-rate hikes for the remainder of the year. RBC Blue Bay Asset Management remains bullish on Japanese AI-related stocks, expecting the rally to extend into 2027, though it is trimming near-term risk ahead of a potential slowdown in July and August BlueBay sees risk.

Economic Indicators & Currencies

New Zealand’s dollar is facing a subdued third quarter, weighed down by a resurgent greenback and the lingering effects of energy shocks from the Iran conflict on its domestic recovery NZ dollar faces headwinds. The three largest foreign banks in Indonesia have repatriated approximately $640 million of their earnings since the start of 2024, as they pare exposure amid political uncertainty Global banks pull cash.

Corporate & Sector News

Williams Companies is reportedly in advanced negotiations to acquire rival natural gas pipeline operator Momentum Midstream for about $5.5 billion, a deal that would represent one of its largest acquisitions ever Williams nears deal. Airlines are bracing for potentially over $127 billion in additional costs due to a shortage of carbon credits, with Emirates potentially facing the highest expenses given its reliance on long-haul flights Airlines brace for costs. In response to escalating geopolitical tensions, the Bank for International Settlements has warned that AI exuberance threatens global economy.

Market Wrap

U.S. equity futures climbed following reports that the U.S. and Iran were stepping back from escalating hostilities, which had previously threatened a fragile ceasefire underpinning peace talks US futures climb. Oil prices inched up on Sunday evening, while S&P 500 futures remained largely unchanged. The Justice Department has renamed its environmental division to the Energy and Natural Resources Division, dropping the word "Environment" New name for DOJ division.