Global Markets:
- Asian Stock Markets : Nikkei up 0.59%, Shanghai Composite up 0.06% Hang Seng down 1.25% ASX down 0.21%
- Commodities : Gold at $4,346.20 (-0.12%) Silver at $69.860 (-0.46%), Brent Oil at $82.91 (-0.31%), WTI Oil at $80.65 (-0.12%)
- Rates : US 10-year yield at 4.474, UK 10-year yield at 4.8133, Germany 10-year yield at 2.9514
News & Data:
- (CAD) Manufacturing Sales m/m 4.2% to 4.4% expected
- (CAD) Wholesale Sales m/m 0.6% to 0.2% expected
Markets Update:
U.S. stock futures were little changed early Tuesday after the Dow Jones Industrial Average closed at a record high during the previous session, supported by optimism surrounding a potential agreement between the United States and Iran.
Futures linked to the S&P 500 and Nasdaq 100 were essentially flat, while Dow futures slipped 46 points, or less than 0.1%. During Monday’s regular trading session, the Dow gained 468.77 points, or 0.92%, reaching both a record close and an all-time intraday high. The S&P 500 advanced 1.65%, and the Nasdaq Composite surged 3.07%.
Asian markets showed mixed performance. Japan’s Nikkei 225 touched a record intraday high, while the Topix edged down 0.20%. South Korea’s Kospi rose 1.98%, although the smaller Kosdaq index fell 1.55%. Hong Kong’s Hang Seng Index declined 1.25%, while China’s CSI 300 posted a modest gain.
Market sentiment improved after President Donald Trump announced that the U.S. and Iran had reached a deal to end the conflict in the Middle East. Pakistani Prime Minister Shehbaz Sharif said both sides had agreed to cease military operations, with a formal signing ceremony scheduled for Friday in Switzerland.
The agreement is also expected to reopen the Strait of Hormuz on Friday, helping push oil prices down nearly 5% on Monday. Investors will monitor U.S. housing starts and trade price data later Tuesday.
Upcoming Events:
- 04:30 AM GMT – AUD Cash rate
- Tentative GMT – JPY Monetary Policy meeting
The post Tuesday 16th June 2026: Dow Hits Record High as U.S.-Iran Deal Boosts Market Sentiment first appeared on IC Your Trading Edge | Official Blog.