NordFX Morning Update | June 11, 2026

🌏 Asian Markets Asian stocks are trading under pressure this Thursday. The Nikkei 225 is flat near 64,174 after shedding 1.89% on Wednesday, dragged by chip and AI-related names (SoftBank -8.3%, Kioxia -7.8%) as US–Iran escalation rattled sentiment. The Hang Seng closed Wednesday at 24,408 (-0.64%), near 11-month lows, with tech and semiconductor names leading declines. South Korea’s KOSPI fell 1.7% on Wednesday. Shanghai Composite traded mixed — China’s May CPI held at 1.2% YoY, offering limited relief.

📉 Wall Street — June 10 Close

• 🔴 S&P 500: 7,267 (-1.62%)
• 🔴 Dow Jones: 49,919 (-1.87%, -953 pts)
• 🔴 Nasdaq: 25,170 (-1.98%)

Hot inflation data and resumed tech selling drove all three indices to session lows. Industrials fell over 3%; semiconductors extended their weekly rout.

🇺🇸 US CPI — May 2026 Headline inflation: 4.2% YoY — a 3-year high (vs 3.8% in April), driven by a 23.5% energy surge tied to the Iran conflict. Core CPI came in at 2.9% YoY (+0.2% MoM), softer than forecast — a mild positive. Markets now price no Fed hike on June 17, but a December +25bps remains fully priced in.

🏦 ECB — Decision Today The ECB is widely expected to hike +25bps to 2.25% at 14:15 CET — the first hike since the Iran-driven energy shock pushed eurozone inflation to 3%+ in April.

🛢️ Oil Brent ~$94–96/bbl | WTI ~$91.50/bbl — edging higher as fresh US–Iran strikes threaten fragile peace talks. The Strait of Hormuz remains near-fully closed (4th month), and US crude inventories fell for a 7th consecutive week (-7.2M barrels).

🥇 Gold Spot: ~$4,064/oz — down ~13% over the past month, trading below its 200-day moving average for the first time since Oct 2023. Pressured by rising yields and a firmer dollar. ATH was $5,589 on Jan 28.

₿ Bitcoin ~$62,000 — holding a tight range as traders await the June 17 FOMC. Post-CPI reaction was muted, with core inflation’s softness seen as mild relief.

🔑 Key Events Today 📌 ECB rate decision (14:15 CET) 📌 US PPI (May) + Jobless Claims (14:30 CET) 📌 US–Iran headlines remain the dominant macro driver

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🌅 NordFX Morning Update | June 11, 2026 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.