Trade Secrets: Dailies 06.11.2026

US stock futures climbed after the US struck Iran, setting up for a rebound from the market's latest sell-off as investors weighed the latest moves in the conflict.
The US’s latest round of strikes ended swiftly, leading investors to hope once again that the conflict would soon be resolved. Oil (CL=F, BZ=F) prices ticked lower after whipsawing higher Wednesday night.
Earlier on Wednesday, President Trump told reporters that Iran would be hit "very hard" and would "pay the price" for stalled talks. His statements came a day after the US resumed its attacks on Iran on Tuesday. US officials said those attacks were in response to the downing of an Apache helicopter over the weekend.
The renewed military activity and fresh threats set markets up for a difficult day on Wednesday. Stocks dove and oil jumped amid signs the Strait of Hormuz would remain closed for the foreseeable future. The day's downbeat sentiment was exacerbated by the latest inflation report, which showed prices rising rapidly.
Meanwhile, after the bell, Oracle (ORCL) reported earnings results that beat expectations, but the company's stock sank on disappointing cloud sales.
On Thursday, markets will be watching for the release of the Producer Price Index (PPI) report, which will provide further insight into how quickly prices are rising on the heels of May's inflation report.
The main event of the week lands on Friday, with the expected market debut of Elon Musk's SpaceX (SPCX), which is positioned to mark the biggest IPO in history.
Asian stocks reversed early losses and inched higher on Thursday, aided by a mild recovery in battered technology shares and as markets held out hope for a pause in U.S.-Iran fighting.
Regional markets took a weak lead-in from Wall Street after it was battered by persistent losses in tech, while a strong consumer inflation print for May also weighed. S&P 500 Futures steadied in Asian trade, recouping some initial losses.
Tech-heavy Asian bourses recovered some ground on Thursday after initially logging deep losses. South Korea’s KOSPI rose 0.2% while Japan’s Nikkei 225 rose 0.1%.
The KOSPI had initially slumped as much as 4%, but recouped some losses on a recovery in heavyweight chipmaker SK Hynix Inc (KS:000660), following a report that the company planned to triple its wafer capacity.
Chipmaking stocks were the biggest weight on tech this week, as investors locked in gains after a high-flying, artificial intelligence-driven rally in the sector in May.
The AI rally was seen cooling in June amid persistent doubts over long-term returns from the industry.
A Wall Street Journal report on Wednesday evening showed AI major OpenAI considering deep price cuts amid growing competition from rival Anthropic. The price cuts stand to further undermine revenue at a company that is already neck-deep in losses.
Hong Kong’s Hang Seng index, however, lagged its peers, falling 1.3%.
The Hang Seng was pressured by losses in heavyweight tech shares, with Alibaba Group (HK:9988) down more than 5% amid some questions over the company’s AI prospects.
JD.com (HK:9618) fell over 3% after local media reports said the company was facing regulatory scrutiny over allegations of false advertising.
Broader Asian markets recovered some ground after logging deep losses in recent sessions, although markets remained on edge amid continued U.S.-Iran hostilities.
The U.S. said it had struck several military targets in Iran, sparking retaliatory strikes by Tehran against American bases and allies in the Middle East.
But the U.S. military also said it had concluded its strikes against Iran, raising some hopes for a de-escalation.
Focus remained on a potential U.S.-Iran peace deal, with President Donald Trump threatening more attacks against the country.
Oil prices surged after the latest hostilities, further pressuring markets with fears of higher inflation. Concerns over higher inflation and interest rates remained squarely in play after strong U.S. consumer inflation data for May.
Producer inflation data due later on Thursday is expected to provide more cues.
In Asia, Australia’s ASX 200 reversed early losses to trade flat, while Singapore’s Straits Times index rose 0.1%. India’s Nifty 50 index opened flat.
China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes lagged their regional peers, falling 0.6% and 0.3%, respectively, although they did trade above intraday lows.

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This daily briefing is curated from a wide range of reputable sources including news wires, research desks, and financial data providers. The insights presented here are a synthesis of key developments across global markets, intended to inform and spark thought.

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