July 06, 2026
Ships are passing through the Strait of Hormuz with 160 vessels reported from Monday to Saturday last week, easing oil supply concerns
Dollar at one-year highs, keeps yen near intervention zone
"Price action in markets over the last seven trading days has been alarming, not just when it falls, but also when it rises," one analyst says
"The lack of details especially on freedom of shipping is a concern but not one that should constrain markets today,” one analyst says
A strategist in Singapore says that trimming positions on tech stocks might be prudent, especially in the face of a re-escalation of the Iran war
Analysts cautioned the bounce was narrowly based with 60% of the S&P 500 finishing in the red overnight even as the overall index edged up
Investors remain cautious as concerns rise over the AI-driven market rally
Korea's chip-heavy KOSPI, the world's best-performing market this year, led losses in Asia with a 5% slide