Morning Preview: June 15, 2026

Early Look

Monday, June 15, 2026

US stock futures surged Sunday evening and carried into Monday morning following news of a breakthrough agreement to end the US and Iran war ahead of a holiday-shortened trading week. Dow futures climbed more than 400 points, or 0.6%, while S&P 500 futures gained 0.8%. Nasdaq 100 futures led the advance, jumping over 600 points or 2% as investors rotated back into growth and technology names. President Donald Trump announced on Truth Social late Sunday that a deal with Iran had been finalized, calling the agreement “complete.” Pakistan Prime Minister Shehbaz Sharif said a formal signing ceremony is expected to take place Friday in Switzerland. Markets soared following the announcement, with Trump saying he had authorized the reopening of the Strait of Hormuz, while Iran is also due to receive a serious of financial boons for following US agreements. WTI crude falls nearly 5% as traders price in a reopening of the Strait of Hormuz and potential easing of sanctions on Iran.

In Asian markets, The Nikkei Index jumped 3,297 points or around 5% to 69,317, the Shanghai Index gained 65 points to 4,096, and the Hang Seng Index adds 124 points to 24,842. In Europe, the German DAX is up 300 points to 24,938, while the FTSE 100 rises 12 points to 10,483. Cryptocurrencies rejoice at Iran deal news as Bitcoin and Ethereum see sizeable bounces, bouncing further off recent June 5^th lows. Bitcoin held the 60K level this month and is now +2.55% around $65,600 and Ethereum up around 3% at $1,720. The CBOE Volatility index or VIX -5.2% at 16.76 in sharp reversal from last week highs above 23.38 on 6/9. Looking ahead, investors will focus on key economic reports, while also awaiting the Federal Reserve’s latest policy decision. According to CME FedWatch, markets are pricing in better than a 98% probability that policymakers leave interest rates unchanged. This will be the first FOMC meeting with new Fed Chair Kevin Warsh as the heads, while former Chairman Powell fills a governor slot for now.

• The Dow Jones Industrial Average rose 353.51 points, or 0.70%, to 51,202.26
• The Nasdaq Composite gained 79.18 points, or 0.31%, to 25,888.84
• The Russell 2000 Index advanced 22.96 points, or 0.79% to 2,943.99

• 9:15 AM ET                  Capacity Utilization for May
• 10:00 AM ET NAHB Housing Market Index for June

• Earnings After the Close: DOMO PLAY QMCO

• China House Prices/Retail Sales/Industrial Production data for May

• The Bank of Japan is widely expected to hike rates by 25 bps to 1%, the highest level since 1995. The move would come without Governor Kazuo Ueda voting, after he was hospitalized for treatment of a hepatic cyst infection.

• U.S. travel-related stocks rise in premarket trading after Washington and Tehran agreed to halt the war and reopen the Strait of Hormuz, easing concerns over oil-related costs. Cruise operators Norwegian Cruise Line (NCLH) and Royal Caribbean (RCL) jump along with other travel-related shares, Airbnb (ABNB), Expedia (EXPE) after the conflict has disrupted global flight routes and shut key Middle Eastern hubs.
• President Trump warned that the U.S. will “have no choice” but to apply 100% tariffs on French wine unless Paris eliminates its digital tax on American tech giants. Trump said he delivered the warning directly to French President Macron, demanding he remove the 3% tax on U.S. tech giants or face duties in the American market.

• Rocket Lab (RKLB) and Firefly Aerospace (FLY) were both upgraded to Overweight from Sector Weight at KeyBanc in the Space sector.
• Tokyo Steel Manufacturing, Japan’s top electric-arc furnace steelmaker, said that it will raise steel product prices in July by about 1% to 3%, citing higher costs and firmer steel market conditions. It is the company’s first price increase in two months and includes its main H-shaped beams

• Nubank (NU) downgraded to Neutral from Buy at Citigroup and cut tgt to $13 from $18 as sees Nubank’s growth will come at the expense of monetization and profitability given its reliance on credit.
• Paychex (PAYX) upgraded to Buy from Neutral at Citigroup and raise tgt to $140 from $99 saying the company’s organic revenue growth will accelerate in fiscal 2027 for the first time in four years and cites Paychex’s bookings growth and synergies from the Paycor acquisition for the upgrade.
• China is preparing for a digital payments system to compete with USD; cross-border currency platform will be backed by central banks of Hong Kong, Thailand, UAE and Saudi Arabia.

• Eli Lilly and Company (LLY) announced results from the Phase 3 BRUIN CLL-322 clinical trial of Jaypirca (pirtobrutinib), a non-covalent Bruton tyrosine kinase (BTK) inhibitor, plus venetoclax and rituximab versus venetoclax and rituximab in patients with relapsed or refractory chronic lymphocytic leukemia or small lymphocytic lymphoma (CLL/SLL). The study met its primary endpoint.
• Ideaya Biosciences (IDYA) announces IDE892, a potential best-in-class MTA-Cooperative PRMT5 inhibitor, initiates a phase 1/2 clinical combination study in MTAP-deleted pancreatic and lung cancers.

• Comtech Telecom Corp. (CMTL) entered into a definitive agreement to sell most of its Satellite and Space Communications segment to Gilat Satellite (GILT) and become a focused public safety technology company. Gilat will acquire most of the S&S segment for $157.5 million, of which $10.0 million is being paid today.
• Datadog (DDOG) upgraded to Buy from Hold at Truist and raise tgt to $300 from $190 saying their recent fieldwork revealed key incremental positives and it believes urgency of AI adoption in the enterprise is significantly outweighing the urgency to optimize AI and customers remain early in their agentic journeys.
• Ouster (OUST) expanded its manufacturing partnership with Benchmark Enterprises (BHE) to support high-volume production of its Rev8 OS lidar sensor family; Rev8 is designed for low-cost, high-volume manufacturing with capacity exceeding 100,000 units annually.
• Meta (META), UK Prime Minister Keir Starmer announced a planned full ban on social media access for children under 16. The government aims to pass legislation by year-end, with implementation in spring 2027 using age verification.