📰 Hourly Briefing | 2026-06-29 10:00 CST
US-Iran agree to stop strikes, resume talks Tuesday; Wall Street turns bearish on euro; Samsung, SK plan $1.3T AI investment
📰 Hourly Briefing | 2026-06-29 10:00 CST
📊 Market Snapshot
| Asset | Price | Change |
|---|---|---|
| Gold XAUUSD | 4060.00 | -0.52% ↓ |
| WTI Crude | 69.83 | -0.36% ↓ |
Asian markets opened softer. Gold pulled back to the 4060 area, WTI crude oscillating near 69.8. The weekend US-Iran ceasefire news suppressed safe-haven and crude premiums, though losses remain modest.
A-shares: STAR 50 surged over 3%, led by semiconductor materials, MicroLED, and AI application sectors. HK’s Hang Seng rose over 1%, with Baidu up 6%+ leading the index, and AI application stocks continuing to rally. South Korea’s KOSDAQ surged 7%+, Taiwan’s TAIEX gained over 2%.
🔥 Key News This Hour
US-Iran agree to stop mutual strikes, resume talks Tuesday in Doha — Axios reports that after Trump’s threat to resume strikes, the US and Iran again agreed to stop attacking each other and will meet Tuesday in Doha, with Hormuz Strait navigation as the core topic. Markets watch whether the ceasefire holds.
Wall Street turns collectively bearish on euro — JPMorgan, Morgan Stanley and other major banks have recently downgraded euro forecasts, projecting a decline of over 3% within a year. Fed hawkishness and Middle East dynamics are the key drivers.
Samsung, SK Group plan $1.3 trillion AI investment — Korean media reports the two conglomerates plan to invest approximately 2,000 trillion won over the next decade, focusing on AI, semiconductors, and data centers. Market reaction was cold; both stocks fell sharply.
Multiple Chinese banks tighten precious metals trading — Industrial Bank and other commercial banks raised thresholds for individual precious metals trading on the Shanghai Gold Exchange, citing volatility risk management.
Fed’s Barkin: Oil prices dropped, but inflation may not follow — Richmond Fed President Barkin noted that 4.1% PCE keeps the Fed vigilant. The US-Iran ceasefire is easing oil-driven price pressures, but inflation remains well above the 2% target.
Putin signals willingness to continue talks with US; Russia acknowledges fuel shortages — Putin said US-Russia negotiations on Ukraine may resume, but Ukrainian strikes on refineries have caused fuel shortages in Russia.
🧭 Outlook
The US-Iran ceasefire is today’s biggest variable. Markets have breathed a sigh of relief, but the real test is Tuesday’s Doha talks—if negotiations collapse, oil and gold could see sharp reversals.
Gold’s pullback to 4060 is orderly; geopolitical risk premiums haven’t fully unwound. Middle East uncertainty remains a safety cushion for bulls.
A-shares and HK are trading积极 today, led by STAR 50 and semiconductors. The market is pricing tech growth rather than geopolitical risk.
The euro faces dual headwinds from a hawkish Fed and weak European economics. Multiple banks turning bearish simultaneously is not unfounded—expect continued pressure.
Banks tightening precious metals thresholds is a signal—regulators are cooling speculative fervor, which has a marginal dampening effect on gold sentiment near-term.
⏰ Upcoming Key Events
- Tuesday: US-Iran talks in Doha (Hormuz Strait navigation)
- This week: US Non-Farm Payrolls (Friday)
- This week: SpaceX to join Nasdaq-100