Market Talks covering the impact of U.S. Politics and White House policies on companies and markets. Published exclusively on Dow Jones Newswires throughout the day.

0505 ET - European energy stocks rise as oil gains on President Trump's comments that the ceasefire deal with Iran is over. Brent crude rises 4.7% to $78.42 a barrel, while WTI futures are up 5.9% to $74.61 a barrel after climbing more than 6% shortly before. In London, BP rises 3.45%, while Shell is up 1.6%. France's TotalEnergies is up 3%, Spain's Repsol rises 4%, and Italy's Eni gains 3.7%. Norway's Equinor rises 4%.(adam.whittaker@wsj.com)

0500 ET - Shares of European semiconductor companies are paring gains after President Trump said he believed his ceasefire deal with Iran was over following a round of attacks on ships in the Strait of Hormuz. Shares of Dutch semiconductor-equipment maker ASML Holding were up 1.6% earlier in the session, but are now up just 0.4%. Those of smaller rival ASM International were up 0.1%, but are now down 1.2%. Shares of BE Semiconductor Industries, the Dutch supplier of semiconductor assembly equipment, were up 0.9% and are now flat. STMicroelectronics shares were 1.9% higher earlier and are now up 0.5%. (mauro.orru@wsj.com)

0459 ET - Bitcoin extends its losses after President Trump said the ceasefire with Iran is over following renewed attacks between the two sides. Speaking at the Nato summit in Ankara, he said as far as he was concerned "it's over" and it was a waste of time dealing with Iran. Trump's comments add pressure on bitcoin which was already weaker after the U.S. struck sites along Iran's coast and blocked its ability to sell oil legally on Tuesday while Iran responded with counterattacks. Bitcoin falls 2.5% to an intraday low of $61,836, according to LSEG.(renae.dyer@wsj.com)

0458 ET - A selloff in U.S. and eurozone government bonds accelerates after U.S. President Trump says the ceasefire with Iran is over. Yields had already hit four-week highs earlier in response to military escalation between the U.S. and Iran. Trump's announcement push yields up further as oil prices also increase, with Brent rising 5% to $77.89. The 10-year U.S. Treasury yield rises 4.8 basis points to 5.577% while the 10-year German Bund yield rises 8 basis points to 3.064%, according to Tradeweb. (emese.bartha@wsj.com)

0454 ET - Oil prices jump after President Trump said he believed his ceasefire deal with Iran is over. In midmorning trade, Brent crude rises 4.7% to $78.42 a barrel, while WTI futures are up 5.9% to $74.61 a barrel after climbing more than 6% shortly before. Trump's remarks came after the two sides exchanged strikes and the U.S. revoked a waiver allowing Tehran to sell oil. The oil market's forward curve has also strengthened, with the front end moving back into backwardation, which occurs when futures with near-term deliveries are marketed at a premium over longer-dated contracts. The shift indicates traders are once again willing to pay a premium for immediate crude supplies, reflecting renewed concerns over potential supply disruptions and stronger prompt demand. (giulia.petroni@wsj.com)

0451 ET - Yields on U.K. government bonds, or gilts, extend an earlier rise, climbing to their highest level since June 10 after U.S. President Trump says that the ceasefire deal with Iran is over. The announcement pushes Brent crude price up further, raising inflation risk and the possibility of the Bank of England increasing interest rates in the coming months. Ten-year gilt yields climb 11 basis points to a high of 4.945%, Tradeweb data show. (miriam.mukuru@wsj.com)

0449 ET - Spain's IBEX 35 falls sharply after President Trump said he believed the U.S.-Iran ceasefire was over, and that he wants no more trade with the country. The index slides 2.2%. "We don't want to do any trade business with Spain anymore," Trump told a press conference in Ankara, Turkey. "I don't want anything to do with Spain. Cut off all trade with Spain, please." Madrid-listed banks slide sharply, with Banco Santander and BBVA losing 4.2% and 2.9%, respectively. Construction group Acerinox--which has significant operations in the U.S--falls 4.6%. Losses in the index are slightly tempered by a 4.7% rise for oil major Repsol, which benefits from a spike in oil following Trump's comments on the ceasefire. (josephmichael.stonor@wsj.com)

0447 ET - Maersk shares rise after President Trump said at the NATO summit in Ankara that as far as he was concerned the ceasefire in Iran was over. Container operators like Maersk have benefited from diverting their ships to avoid the Middle East conflict as it has cut shipping capacity, lifting freight rates. The Danish shipping group lifted earnings guidance last week after it noted continued strong demand and a sustained increase in rates. Maersk shares were as much as 4.3% higher following Trump's comments. Shares in German peer Hapag-Lloyd trade 1.5% higher. (dominic.chopping@wsj.com)

0438 ET - European stocks extend losses in morning trade after President Trump told journalists that the ceasefire with Iran is over, prompting a surge in oil prices. Banks and energy intensive stocks fall across the continent, as the Europe-wide Stoxx 600 falls 1.3%. Germany's industrial-heavy DAX drops 1.9%, with defense giant Rheinmetall losing 5.1% while Deutsche Bank drops 4.3%. The CAC 40 drops 1.8% in Paris. Renault and Societe Generale extend earlier falls, dropping 4.3%. The FTSE 100 is 1.3% lower in London, with defense group Babcock International down 4.3%. Spain's IBEX 35 is the sharpest falling index, losing 1.9% after Trump said that he didn't want any trade with Spain. Italy's FTSE MIB drops 1.25%, while the Dutch AEX drops 0.3%. (josephmichael.stonor@wsj.com)

0437 ET - The dollar turns higher after President Trump said the U.S. and Iran ceasefire is over after the two sides exchanged renewed military strikes. Speaking at the Nato summit in Ankara, Trump said "as far as I'm concerned, it's over" and that Iran was led by "sick people." His comments came after the U.S. struck sites along Iran's coast and blocked its ability to sell oil legally on Tuesday in response to Tehran's recent attacks on ships near the Strait of Hormuz. Iran responded with counterattacks. The dollar benefits from safe-haven flows and higher oil prices due to America's position as a net oil exporter. The DXY dollar index rises 0.1% to 101.169. (renae.dyer@wsj.com)

0043 ET - The short-term trajectory of oil prices depends less on the mechanics of an open Strait of Hormuz and more on Chinese demand, says Robin Haworth at Lombard Odier. If China increases its oil imports at current or higher prices, it will signal that the economy needs to replenish its inventories and could push crude prices above $80 a barrel, the equity research analyst says. However, if China isn't seen entering the market, traders will conclude that its demand flexibility is real and oil prices could fall further, Haworth writes in a report. China had been building oil inventories in the years before the Middle East conflict. However, it cut oil imports by around 5 million barrels a day during the conflict, Haworth notes. (monica.gupta@wsj.com)

2234 ET - A rate hike in Taiwan later this year is likely as inflationary pressure will seen to remain elevated over the summer, according to BofA Securities in a research note. The island's June consumer price index rose 2.6% on year, exceeding the consensus of 2.3%, it notes. "With inflation likely to remain elevated and services inflation sticky in the coming months, we think the risk around the next move is tilted toward tightening rather than an extended hold," it says. BofA expects a 12.5 bp hike at Taiwan's September policy meeting. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

July 08, 2026 05:06 ET (09:06 GMT)

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