Monday Afternoon Coffee - Markets Update - 23 June 2025 - Markets Rise Despite Mideast Tensions; Oil Retreats from Highs

The Trade Academy Team
Jun 23
2 min read

Markets Update: Global stocks advanced Monday even as geopolitical tensions flared in the Middle East, with investors showing a muted reaction to U.S. strikes on Iranian sites. Crude oil prices dipped from recent multi-month highs, while the dollar was mixed and gold posted gains.

Global Markets Roundup: 23 Jun 2025

Wall Street Edges Up as Investors Shake Off Iran Risk

U.S. equity indexes closed higher, reflecting surprising risk-on sentiment amid escalating conflict. The S&P 500 saw nine of its eleven sectors rise, though energy stocks lagged.

Dow Jones Industrial Average: +0.17% to 42,279.55
S&P 500: +0.48% to 5,996.40
Nasdaq Composite: +0.61% to 19,565.74

Global Performance Mixed

European equities dipped modestly, while Asia-Pacific shares slid further amid investor caution.

Stoxx Europe 600: -0.2%
MSCI Asia-Pacific ex-Japan: -0.66%
MSCI All-Country World Index: +0.28%

Dollar Mixed; Euro Rebounds

Currency markets saw the dollar gain against the yen but fall versus the franc, while the euro rebounded following dovish Fed comments.

USDJPY: +0.41% to 146.68
USD/CHF: -0.39% to 0.814
EURUSD: +0.09% to $1.1532
Dollar Index DXY: -0.19%

Fed Vice Chair Michelle Bowman signaled a rate cut may be near, citing growing labor market risks and diminished inflation fears from import tariffs.

Oil Falls from Five-Month Highs, Gold Rises, Commodities Mixed

Crude prices retreated as traders digested Iran’s threats and the symbolic targeting of Tehran’s Evin prison by Israeli forces. Despite Iran’s approval to close the Strait of Hormuz—a key oil artery—markets showed limited panic.

Brent Crude: -0.83% to $76.37/barrel (from $81.40 high)
WTI Crude: -0.88% to $73.14/barrel (from $78.40 high)

The Strait, just 21 miles wide at its narrowest, handles around 25% of global oil and 20% of LNG trade.

Spot gold gained 0.56% to $3,387.00 per ounce, while U.S. gold futures settled at $3,385.10. Sugar dipped below 16 cents per pound but stayed above last week’s lows amid surplus concerns.

Arabica coffee climbed near $3.30/lb, recovering from recent lows as frost risk looms over Brazil’s key growing regions. New forecasts warn of polar air sweeping southern Brazil June 23–24.

Meanwhile, wheat eased below $5.60/bushel, cooling off after last week’s four-month high driven by Middle East tensions.

Outlook

Despite the spike in geopolitical risks, markets appeared resilient. Investors remain watchful for central bank signals and commodity impacts from ongoing conflict. Further escalation or economic fallout from the Strait of Hormuz closure could still test market optimism.

Looking forward refer to the economic calendar below to see the upcoming events scheduled for today and the rest of the week.

General news - Information source from multiple newswires.

The article and the data is for general information use only, not advice!

The Trade Academy Team