This content was published on
June 22, 2026 - 10:43
3 minutes
(Bloomberg) — US stock futures fell, finding little support from lower oil prices as signs of diplomatic headway emerged between the US and Iran.The S&P 500 was set for a weaker open after a long weekend, with contracts dipping 0.2%. Brent crude dropped 1.7% toward $79 a barrel as negotiators for Tehran and Washington agreed on a roadmap for reaching a final deal. The dollar rose 0.2%. Treasuries fell across the curve following Friday’s holiday.Traders also followed the latest upheaval in UK politics after Prime Minister Keir Starmer announced his resignation outside 10 Downing Street on Monday. The pound lost ground against most major peers and briefly touched a 2026 low. Gilts steadied after a two-day slide.Oil traders took comfort from evidence of progress in Middle East talks even as President Donald Trump threatened to strike Iran if Tehran-backed Hezbollah continues to attack Israel. The warring sides established a communication line to avoid incidents, with the aim of ensuring safe passage for commercial vessels through the Strait of Hormuz.“Even during the midst of the conflict in the Middle East, equities still priced a positive outcome,” said Stephan Kemper, chief investment strategist at BNP Paribas Wealth Management. “It seems logical that markets don’t rally too hard on something which they had already priced to a fair degree.”In the UK, the departure of Starmer is putting Britain on course for its seventh premier in a decade and paving the way for Andy Burnham to replace him. The question for investors is the impact on the UK’s finances if the former mayor of Manchester were to become prime minister.“Markets would be watching for Burnham’s pick of the Chancellor,” wrote Mohit Kumar at Jefferies. “Fear is that Burnham policies are left leaning and if the new Chancellor is not credible, it would raise concerns over deficits and borrowing.”Some of the main moves in markets:StocksThe Stoxx Europe 600 was little changed as of 9:40 a.m. London time S&P 500 futures fell 0.2% Nasdaq 100 futures were little changed Futures on the Dow Jones Industrial Average fell 0.1% The MSCI Asia Pacific Index rose 0.8% The MSCI Emerging Markets Index rose 0.8% CurrenciesThe Bloomberg Dollar Spot Index rose 0.2% The euro fell 0.2% to $1.1445 The Japanese yen fell 0.3% to 161.76 per dollar The offshore yuan was little changed at 6.7783 per dollar The British pound fell 0.3% to $1.3193 CryptocurrenciesBitcoin rose 0.4% to $64,028.03 Ether rose 1.5% to $1,744.56 BondsThe yield on 10-year Treasuries advanced four basis points to 4.49% Germany’s 10-year yield declined one basis point to 2.97% Britain’s 10-year yield was little changed at 4.85% CommoditiesBrent crude fell 1.7% to $79.23 a barrel Spot gold rose 0.8% to $4,190.80 an ounce This story was produced with the assistance of Bloomberg Automation.©2026 Bloomberg L.P.
