On June 26, 2026, the global multi-asset market exhibited a relatively strong yet volatile performance, driven by the intertwining of shifting macro policy expectations and a resurgence of supply chain risks. During Thursday’s US session, the US May PCE Price Index year-on-year growth rate hit a new high since April 2023 and broke through the 4.0% threshold for the first time. Although the data remained elevated, it was in line with expectations, effectively alleviating the market’s extreme panic regarding aggressive monetary policy tightening. The US Dollar Index retraced its gains from recent highs and fluctuated lower, pushing spot gold back above the critical $4,000/oz psychological barrier during the early Asian session. It is currently trading around $4,029.30/oz, with bullish liquidity demonstrating solid support above key technical levels.

Concurrently, the energy market attracted capital inflows due to a sudden escalation of supply-side uncertainties. On Thursday, US crude oil closed sharply higher by over 2% and maintained its high-level consolidation around $71.54/bbl in the early Asian session. The core momentum of the market mainly stemmed from the impact of unexpected external events on shipping lane safety. A cargo ship was hit by a sudden attack in the waters near Oman, an incident that directly triggered market concerns over shipping security in specific regions and the recovery prospects of the crude oil supply chain. As supply-side uncertainty risks command a premium in the short term, overall risk management sentiments in the oil market have heated up significantly. The future path of crude oil prices will continue to be heavily guided by the shipping safety situation.

عملکرد دارایی و تحلیل بنیادی

۱. بازار سهام ایالات متحده

عملکرد شاخص

• میانگین صنعتی داو جونز (DJI): Closed at 51,926.20 points. Up 72.03 points, or 0.14% intraday. Against the backdrop of severe valuation corrections in mega-cap technology sectors, market-wide capital rotated into defensive and traditional value sectors, driving the Dow higher amid volatility and demonstrating a clear protective effect from structural rotation.
• شاخص S&P 500 (SP500): Closed at 7,370 points (reported as 7.37K). Down 107.33 points, or 1.44% intraday. Heavily dragged down by deep corrections in core technology heavyweights, the S&P 500 experienced a rare break below key levels on high volume, revealing the systemic gravity that growth stock valuation compression exerts on the broader market.
• Nasdaq 100 Index Futures (NQ1!): Reported at 29,753.50 points. Up slightly by 28.75 points, or 0.10%. Despite severe divergence at the individual stock level, the futures index showed certain technical resilience above the 29,700 mark. The resilient performance of some undervalued chip stocks and AI infrastructure assets capped the overall decline of the index.

نکات برجسته سهام

• اپل (AAPL): Reported at $275.15, dropping sharply by $17.93, or 6.12%. As a core pillar of US stock liquidity, Apple faced heavy institution-level liquidation today. This could be driven by a combination of downward revisions in supply chain shipment expectations, shifts in core hardware demand fundamentals, or a sharp increase in geopolitical regulatory uncertainties. Its stock price gapped down and broke key support, serving as the main driver behind today’s S&P 500 decline.
• آمازون (AMZN): Reported at $227.01, down $7.26, or 3.10%. Macro concerns regarding the growth trajectory of its cloud business or retail profit margins triggered profit-taking by bulls, putting short-term pressure on the stock price.
• اینتل (INTC): Reported at $132.87, bucking the trend to rise by $1.22, or 0.93%. Expectations of a cyclical fundamental recovery alongside ongoing policy dividends for advanced manufacturing processes continued to play out, driving capital rotation into undervalued/defensive names within the tech sector.
• تسلا (TSLA): Reported at $375.12, down slightly by $0.41, or 0.11%. Amid a widespread sell-off in mega-cap tech stocks, Tesla demonstrated strong institutional capital absorption near $375, showing relative resilience in its price action.
• گوگل (گوگل): Reported at $343.71, down slightly by $1.58, or 0.46%. With the certainty of AI computing power monetization remaining intact, its stock performance was significantly superior to other tech giants, remaining in a high-level sideways consolidation phase.

۲. بازار ارز خارجی

• شاخص دلار آمریکا (DXY): Currently reporting at 101.495. Up slightly by 0.055, or 0.05% intraday. The dollar’s movement overall maintained a narrow sideways consolidation around 101.5. Recently released macroeconomic data failed to provide strong momentum for a one-sided breakthrough, leaving bulls and bears in equilibrium as they weigh the Federal Reserve’s “higher for longer” interest rate path against potential cooling inflation.
• یورو/دلار آمریکا (EUR/USD): Reported at 1.13633. Down slightly by 0.00065, or 0.06%. The Eurozone’s macroeconomic health and manufacturing fundamentals remain weak, capping the Euro’s room for a rebound while the dollar consolidates sideways. The exchange rate continues to hover below the 1.14 threshold.
• دلار آمریکا/ین ژاپن (USDJPY): Reported at 161.819. Up slightly by 0.015, or 0.01%. Although the Yen received underlying support from verbal interventions by Bank of Japan officials and market expectations of interest rate hikes, the momentum for unwinding carry trades remained insufficient against the backdrop of the core US-Japan interest rate differential maintaining historical highs. As a result, the Yen continues to face pressure near its historical lows around 161.8.

۳. فلزات گرانبها و کالاها

فلزات گرانبها

• طلای اسپات (XAUUSD): Reported at $4,015.63/oz. Down $10.85, or 0.27% intraday. Gold prices entered a high-level consolidation phase after breaking through the historic $4,000 milestone. Multi-asset liquidity replenishment needs triggered by today’s tech stock rout may have prompted phase-specific profit-taking by gold bulls. However, long-term geopolitical risks and the de-dollarization narrative continue to provide fundamental floor support above $4,000.
• نقره اسپات (XAGUSD): Reported at $57.5320/oz. Down $0.3320, or 0.57%. Silver’s volatility continues to be significantly higher than gold’s. The interplay between industrial demand spikes and the exit of bullish profit-taking flows caused silver prices to test short-term support levels around $57.5.

کالاها

• نفت خام WTI (XTIUSD): Currently reporting at $72.24/bbl. Up $0.22, or 0.31%. Affected by geopolitical disruptions in the Middle East and a rebound in geopolitical premiums, expectations of potential supply-side disruptions triumphed over concerns about slowing macroeconomic growth, pushing oil prices back above $72 and lifting short-term bullish sentiment.

۴. دارایی‌های رمزنگاری‌شده و پویایی‌های کلان

• بیت کوین (BTCUSD): Last reported at $59,666. Down slightly by $31, or 0.05% intraday. Following its previous wide-range fluctuations, Bitcoin is currently gathering technical momentum just below the $60,000 psychological mark. As marginal liquidity for global risk assets tightens, risk appetite within digital assets has also contracted.
• اتریوم (ETHUSD): Reported at $1,565.19. Intraday movement was flat (changed by 0.00, or 0.00%). ETH demonstrated strong sideways characteristics near the key pivot zone of $1,550–$1,600. It showed a phase of lagging momentum compared to BTC, reflecting that under a macro risk-aversion driven structure, capital prefers to settle in traditional hard currencies or on-chain anchored assets.

5. Key Events for Today

• شاخص بهای مصرف کننده هسته توکیو (سالانه) (ژاپن)
• University of Michigan Consumer Sentiment Index Final (US)
• University of Michigan Inflation Expectations Final (US)