Daily Market Report – June 18, 2026

Market Report – June 18, 2026

Markets

The American stock markets made up for a large part of the losses from the previous day. The S&P 500 (SPX – https://www.tradingview.com/symbols/SPX/) rose by 1.1% to 7,498 points, the Nasdaq Composite (IXIC – https://www.tradingview.com/symbols/NASDAQ-IXIC/) gained 1.9%. The Dow Jones Industrial Average (DJI – https://www.tradingview.com/symbols/DJ-DJI/) only increased by 0.1%. The recovery was mainly supported by semiconductor stocks and the easing in the Middle East.

In Europe, profit-taking prevailed. The STOXX Europe 600 (SXXP – https://www.tradingview.com/symbols/STOXX-SXXP/) lost 0.3% and ended a five-day winning streak. The British FTSE 100 (UKX – https://www.tradingview.com/symbols/TVC-UKX/) fell by 1.0%.

In the commodity market, the correction continued. North Sea oil Brent (UKOIL – https://www.tradingview.com/symbols/TVC-UKOIL/) fell to its lowest level since early March. WTI (USOIL – https://www.tradingview.com/symbols/TVC-USOIL/) also declined significantly. The background was the preliminary agreement between the USA and Iran as well as the resumption of shipping traffic through the Strait of Hormuz.

The decline in energy prices eased inflation expectations. At the same time, precious metals lost ground. Gold (GOLD – https://www.tradingview.com/symbols/TVC-GOLD/) and silver (SILVER – https://www.tradingview.com/symbols/TVC-SILVER/) were pressured by the stronger dollar.

On the bond market, the yield of the 10-year US Treasury bond (US10Y – https://www.tradingview.com/symbols/TVC-US10Y/) remained near 4.4%. The US Dollar Index (DXY – https://www.tradingview.com/symbols/TVC-DXY/) continued its rise. The Euro against the US Dollar (EURUSD – https://www.tradingview.com/symbols/FX-EURUSD/) slightly declined.

Companies & Reporting Season

The focus was on the semiconductor sector. Intel (NASDAQ:INTC – https://www.tradingview.com/symbols/NASDAQ-INTC/) jumped to a record high after President Trump announced that Apple (NASDAQ:AAPL – https://www.tradingview.com/symbols/NASDAQ-AAPL/) wants to develop and manufacture chips together with Intel in the United States.

The news triggered a broad rally in AI and semiconductor stocks. Particularly in demand were Nvidia (NVDA) (NASDAQ:NVDA – https://www.tradingview.com/symbols/NASDAQ-NVDA/), AMD (NASDAQ:AMD – https://www.tradingview.com/symbols/NASDAQ-AMD/), Micron Technology (MU) (NASDAQ:MU – https://www.tradingview.com/symbols/NASDAQ-MU/), Marvell Technology (NASDAQ:MRVL – https://www.tradingview.com/symbols/NASDAQ-MRVL/) and Broadcom (AVGO) (NASDAQ:AVGO – https://www.tradingview.com/symbols/NASDAQ-AVGO/). Investors continue to bet on the high investments of hyperscalers in data centers and AI infrastructure.

Apple received additional tailwind from statements made by CEO Tim Cook. He pointed to significantly rising memory prices due to strong AI demand and indicated price increases for individual products.

Among the losers was Accenture (NYSE:ACN – https://www.tradingview.com/symbols/NYSE-ACN/). The company lowered the upper limit of its revenue forecast, putting pressure on the entire IT services sector.

Kroger (NYSE:KR – https://www.tradingview.com/symbols/NYSE-KR/) also came under pressure after disappointing quarterly results. The retailer confirmed its outlook but fell short of market earnings expectations.

In the energy sector, Exxon Mobil (NYSE:XOM – https://www.tradingview.com/symbols/NYSE-XOM/) and Chevron (NYSE:CVX – https://www.tradingview.com/symbols/NYSE-CVX/) suffered from the decline in oil prices.

In Germany, Infineon (XETR:IFX – https://www.tradingview.com/symbols/XETR-IFX/), Siemens Energy (XETR:ENR – https://www.tradingview.com/symbols/XETR-ENR/), and Deutsche Bank (XETR:DBK – https://www.tradingview.com/symbols/XETR-DBK/) were on the winning side, while BMW (XETR:BMW – https://www.tradingview.com/symbols/XETR-BMW/), Mercedes-Benz Group (XETR:MBG – https://www.tradingview.com/symbols/XETR-MBG/), and Volkswagen Preferred Shares (XETR:VOW3 – https://www.tradingview.com/symbols/XETR-VOW3/) declined.

Macroeconomics

Monetary policy remains the dominant theme. The Federal Reserve kept the key interest rate unchanged but signaled a possible further interest rate increase during the year. Fed Chair Kevin Warsh once again emphasized the priority of price stability. The futures markets are now pricing in a realistic probability of an interest rate increase by fall.

The weekly US initial jobless claims decreased, confirming the robustness of the American labor market. This leaves the central bank room for a restrictive monetary policy.

The Bank of England kept its key interest rate at 3.75%. However, two members of the monetary policy committee already voted for another interest rate increase.