This content was published on
August 11, 2026 - 13:40
4 minutes
(Bloomberg) — Stock futures edged higher and Treasuries pared losses as a rally in crude oil went into reverse on optimism around a possible deal between the US and Iran.Futures on the S&P 500 climbed 0.2% and contracts on the Nasdaq advanced 0.4%. Ten-year Treasury yields were little changed at 4.71% as Brent crude erased gains to trade 0.4% lower at around $87 per barrel.Risk appetite picked up after comments from Pakistan’s defense minister, who said signals in recent days suggest the US and Iran are “close to some sort of arrangement.” Earlier, US President Donald Trump made sweeping new demands on Iran, dimming hopes for a deal to reopen the Strait of Hormuz.Away from the Middle East developments, investors are looking to the US consumer price index reading on Wednesday for fresh signals on the path for Federal Reserve interest rates after Friday’s softer-than-expected data tempered bets on an immediate hike.The US consumer price index probably rose 0.1% in July following a 0.4% decline in the prior month, according to the median projection in a Bloomberg survey of economists ahead of Wednesday’s Bureau of Labor Statistics release.Federal Reserve Bank of Cleveland President Beth Hammack struck a hawkish tone on Monday, saying it’s possible a number of rate hikes may be needed to bring inflation down to the central bank’s 2% target.Rare RunS&P 500 companies are on track for about 32% year-on-year profit growth in the second quarter, following a jump of 30% in the previous three months, according to figures tracked by Bloomberg Intelligence. The next two quarters are also projected to deliver gains exceeding 20%.Such runs are rare, occurring only 10 times since 1936, according to Bank of America Corp. strategists led by Savita Subramanian.AI spending will continue to support earnings despite volatility, according to Barclays Plc strategists, who prefer US growth and large-cap stocks.Corporate News:US investment giants including Apollo Global Management Inc., Blackstone Inc., BlackRock Inc. and Brookfield Asset Management are partnering with Nvidia Corp. to source $500 billion in financing for artificial intelligence infrastructure. Intel Corp. is seeking to increase the amount it’s raising in a share sale to about $20 billion, according to people familiar with the matter, a third more than it was targeting when it announced the deal Monday morning. Gautam Adani won dismissal of US securities fraud charges, ending a blockbuster case that threatened the expansion of the Indian billionaire’s giant conglomerate. Anthropic PBC has struck a $9.1 billion deal with Riot Platforms Inc., a Bitcoin mining company that recently began selling AI data center capacity, people familiar with the matter said. Some of the main moves in markets:StocksS&P 500 futures rose 0.2% as of 7:27 a.m. New York time Nasdaq 100 futures rose 0.4% Futures on the Dow Jones Industrial Average rose 0.1% The Stoxx Europe 600 was little changed The MSCI World Index was little changed CurrenciesThe Bloomberg Dollar Spot Index was little changed The euro was little changed at $1.1540 The British pound was little changed at $1.3501 The Japanese yen was little changed at 159.16 per dollar CryptocurrenciesBitcoin rose 0.3% to $64,294.46 Ether rose 0.7% to $1,890.97 BondsThe yield on 10-year Treasuries was little changed at 4.71% Germany’s 10-year yield was little changed at 3.18% Britain’s 10-year yield was little changed at 5.00% CommoditiesWest Texas Intermediate crude fell 0.1% to $82.01 a barrel Spot gold was little changed This story was produced with the assistance of Bloomberg Automation.–With assistance from Winnie Hsu, Faseeh Mangi and Anand Krishnamoorthy.©2026 Bloomberg L.P.
