This content was published on
July 14, 2026 - 09:35
3 minutes
(Bloomberg) — US stocks steadied as traders refrained from making big bets ahead of a jam-packed day that will see the unofficial start of the earnings season, along with testimony from Fed Chair Kevin Warsh and US inflation data.S&P 500 futures were little changed. Technology stocks got a lift, with South Korea’s memory giants rebounding and Nasdaq 100 contracts rising 0.4%. Brent crude climbed above $86 a barrel, the highest level in a month, as the US and Iran grew increasingly hostile over the status of the Strait of Hormuz.Higher crude prices kept bets on a July US interest rate increase in place, with swap markets signaling a 45% chance of a hike when the Federal Reserve meets later this month. The yield on two-year UK gilts headed for its highest level since May. Treasuries and the dollar wavered.The event-filled calendar will see JPMorgan Chase & Co., Citigroup Inc., Wells Fargo & Co., Goldman Sachs Group Inc. and Bank of America Corp. report second-quarter earnings before the US market opens. The June consumer price report is expected to show some relief after inflation accelerated rapidly from March through May. Warsh is scheduled to testify before Congress hours later.“Geopolitics on the margin is a negative, but the oil price has not spiked dramatically,” said Richard Flax, chief investment officer at Moneyfarm. “I expect Warsh will give a sort of data-driven speech rather than say too much about forward guidance. For us, it’s more about the inflation data we see later today.”In Europe, Ericsson AB’s shares fell as much as 10% after warning that margins in its main networks business will come under pressure as the Swedish telecommunications maker grapples with higher component costs. The Stoxx 600 fell 0.7%, dragged down by the food and beverage sector, alongside weakness in banks and construction shares.Corporate News:Samsung Electronics Co. is in the early stages of exploring a potential offering of American depositary receipts, according to people familiar with the matter. Some of the main moves in markets:StocksThe Stoxx Europe 600 fell 0.6% as of 8:34 a.m. London time S&P 500 futures were little changed Nasdaq 100 futures rose 0.4% Futures on the Dow Jones Industrial Average fell 0.2% The MSCI Asia Pacific Index rose 0.4% The MSCI Emerging Markets Index was little changed CurrenciesThe Bloomberg Dollar Spot Index was little changed The euro was little changed at $1.1390 The Japanese yen was little changed at 162.34 per dollar The offshore yuan was little changed at 6.7804 per dollar The British pound was little changed at $1.3356 CryptocurrenciesBitcoin rose 0.7% to $62,556.55 Ether rose 0.9% to $1,782.04 BondsThe yield on 10-year Treasuries was little changed at 4.63% Germany’s 10-year yield advanced three basis points to 3.14% Britain’s 10-year yield advanced seven basis points to 5.04% CommoditiesBrent crude rose 3.5% to $86.25 a barrel Spot gold rose 0.6% to $4,025.90 an ounce This story was produced with the assistance of Bloomberg Automation.–With assistance from James Hirai.©2026 Bloomberg L.P.
