Geopolitical Pivot : Global markets shifted into “risk-on” mode after President Trump stated that tensions with Iran are easing. This effectively removed the immediate war premium from commodities, triggering a sharp sell-off in safe-haven assets.

Commodities:
Oil: Brent crude plummeted approximately 3.4% to test the $66/bbl level as fears of Middle East supply disruptions faded.
Gold: Spot prices retreated ~0.5% from recent record highs ($4,642/oz) as investors rotated capital out of defensive assets.
Natural Gas: Prices are consolidating around $3.38/MMBtu, holding steady despite larger-than-expected inventory withdrawals.

Equities & Tech:
US (Nasdaq): After initial softness, Nasdaq futures turned positive, buoyed by a rebound in semiconductor stocks (fueled by strong TSMC earnings) and a new US-Taiwan trade deal.
Japan (Nikkei): The Nikkei 225 bucked the broader positive trend, closing lower by ~0.9% due to profit-taking, reversing from recent all-time highs.
Europe (DAX): European markets opened moderately higher, supported by the stabilization in US tech and calm reaction to inflation data.