Trump's statement eases tensions, crude oil and gold retreat, European stocks rise broadly, and U.S. stock futures dip slightly before the market opens

The White House stated that President Trump will make a decision within two weeks, and there is a considerable chance of resolving the issue through negotiations. Following the White House's response, market sentiment eased. Oil prices and gold fell, while European stocks, Asian markets, and cryptocurrencies rose. U.S. stock futures saw limited declines, U.S. Treasury yields remained stable, and the dollar fell for two consecutive days.

Here are the movements of core assets:

The three major U.S. stock index futures all fell by about 0.2%.

European stocks rose broadly, with German stocks up about 1%, French stocks up about 0.7%, and the pan-European index up about 0.6%.

The U.S. dollar index fell slightly by over 0.1%, while the euro and pound rose about 0.2%, and the yen remained basically flat. The Hong Kong dollar hit the weak side of the convertibility guarantee for the first time in 2023. The South Korean won's gains expanded to 1.1%.

U.S. Treasury yields were mixed, with the 10-year Treasury yield remaining basically flat.

Brent crude oil fell by about 2%, while WTI crude oil rose by about 0.7%.

Spot gold fell by about 0.6%, and spot silver fell by about 1%.

Both Bitcoin and Ethereum rose by over 1%.

Although market sentiment has eased, some analysts warn against complacency.

Michael Brown, senior research strategist at Pepperstone Group Ltd, stated, "Of course, we must remain vigilant; changes in geopolitical tensions over the weekend could lead to significant gap risks when the market opens on Sunday evening."

Jennifer McKeown, chief global economist at Capital Economics, indicated that if the U.S. increases its involvement in this war and Iran retaliates fiercely, oil prices could soar above $130 per barrel, which would lead central banks to pause further easing policies.

Other analysts noted that if the U.S. intervenes, oil prices will rise further, but the specific extent will depend on how the U.S. intervenes.

In the stock market, the three major U.S. indices saw limited declines, all down about 0.2%.

Before the U.S. market opened, the first stablecoin stock, Circle, continued its upward trend, now up over 13%.

In European stocks, travel and leisure stocks led the gains, while energy stocks fell.

In the bond market, Japan plans to reduce the issuance of ultra-long-term Japanese government bonds for the fiscal year 2025. Long-term Japanese government bond prices rose.

In the foreign exchange market, after the release of UK economic data, the pound's gains against the dollar narrowed, currently still up about 0.2%. UK core retail sales in May fell by 1.3% year-on-year and 2.8% month-on-month, both below expectations

In terms of commodities, Brent crude oil once fell by about 2.6%.