Dimitris Plessas
Dimitris Plessas
Greece
1mo
๐— ๐—ถ๐—ฑ๐—ฑ๐—ฎ๐˜† ๐—ฏ๐—ฟ๐—ถ๐—ฒ๐—ณ | ๐—ช๐—ฒ๐—ฑ๐—ป๐—ฒ๐˜€๐—ฑ๐—ฎ๐˜† ๐Ÿฒ ๐— ๐—ฎ๐˜† Asia closed higher. Nikkei +0.4%, Hang Seng +1.2%, Shanghai +1.2%. Europe is surging. STOXX 600 +2.5%, DAX +3.0%, FTSE +2.4%. Strongest session in months, driven by the oil reversal. ๐Ÿฏ ๐˜€๐˜๐—ผ๐—ฟ๐—ถ๐—ฒ๐˜€ ๐˜๐—ต๐—ฎ๐˜ ๐—บ๐—ฎ๐˜๐˜๐—ฒ๐—ฟ 1. Oil crashes from crisis levels. WTI down ~13% to $89, Brent down ~12% to $97 after hitting $114 yesterday on Hormuz tensions. US naval escorts appear to be clearing trapped ships. Whether this marks peak fear or a temporary pause will define the week. 2. Gold hits new record at $4,731, up ~4%. Equities are rallying and gold is still bid, which means the market isn't fully convinced the geopolitical risk is behind us. 3. ECB governors in open contradiction. Slovakia's Kazimir says June hike is "all but inevitable." Greece's Stournaras warns recession fears are "real and justified." Public split ahead of the June 12 decision, with oil-driven inflation complicating the picture. ๐—”๐—น๐˜€๐—ผ ๐˜„๐—ฎ๐˜๐—ฐ๐—ต๐—ถ๐—ป๐—ด GameStop bids $56B for eBay at $125/share; financing unclear. FIS deployed a Financial Crimes AI Agent to banks, first live compliance agent. AmEx selling its business travel unit for $6.3B. ๐—จ๐—ฆ ๐—ฝ๐—ฟ๐—ฒ-๐—ผ๐—ฝ๐—ฒ๐—ป S&P futures +1.1%, Nasdaq +1.8%, Dow +1.3%. VIX at 16.4, down 5.7%. 10Y yield at 4.42%. Risk-on setup across the board. The oil reversal is the signal today. Everything else, equities, gold, VIX, is reacting to it. If Hormuz tensions have genuinely peaked, this relief rally has room to run. If not, yesterday's levels are the reference point. Not investment advice.
Not investment advice. The author may have financial interests in the mentioned instruments.
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