U.S. CPI: +2.9% YEAR-OVER-YEAR (EST. +2.9%); U.S. CORE CPI: +3.2% YEAR-OVER-YEAR (EST. +3.3%)

US President Donald Trump said the temporary ceasefire agreement he reached with Iran has ended, raising the risk of renewed military conflict between the two nations. Speaking at NATO’s annual summit on Wednesday, Trump stated: “For me, I think it’s over. As far as I’m concerned, it’s just a waste of time.” Reports note that Trump’s remarks came shortly after the U.S. launched a new round of strikes against Iran and revoked waivers that had allowed Iranian oil sales. The moves, in response to recent attacks on vessels in the Strait of Hormuz, have sparked new volatility in energy markets and further strained the already fragile peace between Washington and Tehran. Affected by the news, data from Bitget shows that both WTI and Brent crude oil rose more than 3% on the day, trading at $74.18 and $78.08 per barrel respectively. Spot gold fell 1.22% to $4,056.44 per ounce, while spot silver dropped 3.00% to $58.18 per ounce. According to market data from BIT (bit.com), Nasdaq 100 futures extended losses to 1.5% to hit a four-week low. Dow Jones futures fell 1.27%, and S&P 500 futures dropped 0.98%.

UBS analysts stated that Elon Musk’s SpaceX has a business model enabling it to seize opportunities in the space, connectivity, and artificial intelligence sectors. The bank initiated coverage on the stock, assigning a buy rating and setting a target price of $210. “We view SpaceX as an unmatched set of assets that offers multiple upside drivers for long-term investors with risk tolerance,” the UBS analysts said. They added that scaling up its Starship launch vehicle will allow SpaceX to unlock opportunities in the space, communications, and AI sectors, whose total potential market is nearly $30 trillion. (Source: Jin10)

According to market data from BIT (bit.com), U.S. semiconductor stocks were broadly lower in pre-market trading. Marvell Technology (MRVL) fell 4.46%, Arm (ARM) dropped 3.51%, Intel (INTC) declined 3.47%, Lam Research (LRCX) fell 3.11%, and Applied Materials (AMAT) was down 2.85%. The storage sector led losses, with SanDisk (SNDK) down 5.59%, Micron Technology (MU) dropping 5.28%, Western Digital (WDC) falling 4.53%, and Seagate Technology (STX) declining 4.19%. Optical communication-related stocks also faced pressure: Astera Labs (ALAB) fell 4.57%, Applied Optoelectronics (AAOI) dropped 4.47%, Credo (CRDO) declined 4.42%, Corning (GLW) was down 4.22%, Ciena (CIEN) fell 3.69%, and Coherent (COHR) dropped 3.44%.

US President Trump said on the 8th at the NATO summit that he believes the US-Iran memorandum of understanding has "ended". (Xinhua News Agency)

According to HTX market data, Bitcoin has fallen below $62,000, with a 2.1% decline in the past 24 hours.

According to Bitget data, both WTI and Brent crude oil rose more than 3% on the day, currently trading at $74.18 per barrel and $78.08 per barrel respectively.