17/07/2026 Daily Reports
Daily Market News Brief 17/07/26
- President Trump delivered a rare wartime primetime address from the White House East Room Thursday night, but the speech focused largely on election-related claims rather than the escalating conflict with Iran. He barely mentioned the war, saying “We have the strongest and most powerful military by far anywhere in the world. I built it during my first term, and unfortunately, we’re forced to use it now,” and adding that the United States is “winning big in Iran, and you will see the fruits of that labor very, very shortly” — his only reference to the conflict, even as strikes have intensified throughout the week following the total breakdown of the ceasefire agreement.
- The speech came at a moment of sharp escalation: the US military said Thursday it launched a wave of airstrikes for the sixth consecutive night, and Trump is reportedly receiving options for expanding the US military operation in Iran as he weighs next steps. Earlier in the week, Trump announced that a naval blockade would be reimposed on Iranian ships in the Strait of Hormuz, with the US acting as the waterway’s “guardian.” Domestic support remains weak
- US stocks fell Thursday, with the Nasdaq Composite down 1.5% as chip stocks came under pressure for a second day amid escalation in the US-Iran war. Alphabet shares sank over 4% after Bloomberg reported the company is behind schedule delivering its Gemini 3.5 Pro AI model. Semiconductor stocks slid after TSMC’s robust earnings failed to impress, with AI memory names SanDisk and Western Digital among the hardest hit.
- The DAX fell 0.21% to 24,946 on July 16, after closing down 0.59% at 25,000 on Wednesday, led by losses in Infineon (-5.45%), BASF and Bayer, as investors weighed corporate earnings and Middle East tensions. ASML raised its guidance and announced capacity expansion after strong Q2 results, while Richemont’s results lifted luxury shares.
- The Nikkei 225 tumbled 1,915.97 points (2.79%) on July 16 to close at 66,835.54, with selling concentrated in semiconductor stocks. Major decliners included Kioxia (-8.7%), Tokyo Electron (-5.2%), SoftBank Group (-5.9%), and Advantest (-5.1%), while US producer prices unexpectedly declined in June.
- Brent September futures settled at $84.95 as US forces carried out another round of strikes against Tehran and Washington reinstated its naval blockade of Iranian ports near the Strait of Hormuz. Prices had earlier topped $86 after Iranian attacks damaged two ADNOC tankers in the strait, and EIA data showed US crude inventories fell 1.7 million barrels last week.
- Daily Report
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