【US Stock Futures】Dow Jones Futures down 496 points, Nasdaq Futures down 0.9% Brent Crude Oil surpasses $100 (updating continuously)

U.S. stock futures declined on Thursday during Asian trading hours, with Dow futures down 496 points at 46,952, S&P 500 futures down 59 points at 6,720, and Nasdaq futures down 222 points or 0.9% at 24,760. Today, the U.S. will release last week’s initial unemployment claims and January new housing starts data.

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Market Overview:

[13:33] Dow futures down 496 points, at 46,952; S&P 500 futures down 59 points, at 6,720; Nasdaq futures down 222 points or 0.9%, at 24,760.

【13:26】【ORCL Analysis】Oracle surges 9% after earnings; JPMorgan upgrades rating; analysts optimistic about long-term value of data management business

【12:59】【US Stocks Focus】Short positions hit over 3-year high; Goldman Sachs: If positive news emerges, U.S. stocks have “extreme” upside potential

【11:51】【Oil Price Analysis】IEA releases oil reserves; prices rise nearly 9%; analysis: “a drop in the bucket,” short-term oil prices expected to continue large swings

【11:20】【Iran Crisis】Morgan Stanley maintains forecast of two rate cuts by the Fed this year; impact on oil may delay rate cuts until September

【11:04】【Yen Trend】Yen approaches lowest of the year, at 4.92 against HKD; but the situation has changed; analysts expect higher thresholds for official intervention

【10:58】【Iran Crisis】Oxford Economics: If oil stays above $140 for two months, global recession and 5.8% inflation could occur

【10:07】【Apple】Foldable iPhone may feature iPad-like interface after unfolding; wide-screen aspect ratio as a key selling point?

【09:54】【US Tariffs】US initiates new trade investigations on 16 partners including China, Japan, Korea, and Europe; paving the way for new tariffs

【08:32】【Gold Price Trend】Gold declines for the second day, affected by rising oil prices and bleak rate hike outlook

【07:28】【Iran Crisis】Two oil tankers in Persian Gulf catch fire and explode; Brent surges past $100; Iranian officials hint at possible blockade of Red Sea entry (updating)

【07:15】【Iran Crisis】IEA members agree to release 400 million barrels of emergency oil reserves; US releases 170 million barrels, Japan 80 million, Korea 22.46 million, UK 13.5 million

Below $1: U.S. stock market overview for March 11====

Wednesday: U.S. military warns Iran to keep civilians away from Hormuz; pre-attack alert; oil rises 4%; Dow drops 289 points; Nasdaq steady

The U.S. Central Command issues warning to Iranian civilians, stating Iran is using civilian ports along the Strait of Hormuz for military activities, threatening international shipping, and legally becoming military targets under international law. Oil prices climb again, with the Dow dropping up to 520 points.

Market close overview:

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Oracle (ORCL) beats earnings and outlook expectations, shares jump 9.2%; Nvidia up 0.7%.

Oil prices continue to rise, with NYMEX crude at $87.25, up 4.55%; Brent crude at $91.98, up 4.76%.

Iranian media reports that the Islamic Revolutionary Guard Corps announced that the Mayuree Naree was attacked after ignoring warnings. According to shipping site marinetraffic, Mayuree Naree is in the Strait of Hormuz.

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The French news agency quotes a military spokesperson: “The policy of proportional retaliation has ended; from now on, our policy will be continuous strikes. No oil vessel will be allowed to pass through the Strait of Hormuz to benefit the U.S., Zionist regime, and their partners.”

However, Japan and other countries will release oil reserves. The International Energy Agency (IEA) issued a statement: all 32 member countries agreed on Wednesday (11th) to release 400 million barrels of emergency oil reserves, the largest ever, to address market chaos caused by Middle East war.

Chubb Insurance will lead a U.S. government-backed plan to insure ships crossing the Strait of Hormuz. As part of a $20 billion initiative, Chubb will cooperate with the U.S. International Development Finance Corporation (IDFC) to help oil tankers and other commercial vessels resume navigation amid Iran war risks.

U.S. February inflation data met expectations: overall CPI rose 2.4% year-over-year; monthly increase rose 0.1 percentage points to 0.3%; core CPI rose 2.5% annually, but monthly increase slowed 0.1 percentage points to 0.2%. Notably, this does not yet reflect the impact of soaring international oil prices due to the Middle East conflict.

According to reports, the Trump administration will launch trade investigations to pave the way for new tariffs; The New York Times cites sources saying that after the Supreme Court rejected Trump’s tariff agenda, the Biden administration will announce a series of trade investigations on Wednesday under Section 301 of the Trade Act, covering digital service taxes and currency manipulation issues, marking an important step in rebuilding the “tariff wall.”

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Market Overview:

【21:30】Dow futures down 22 points at 47,683; Nasdaq futures up 0.3% at 22,765; S&P 500 futures up 7 points at 6,788.

【19:04】Dow futures up 133 points; Nasdaq futures up 0.2%; S&P 500 futures up 16 points.

【01:50】Dow futures up 121 points at 47,866; S&P 500 futures up 18 points at 6,805; Nasdaq futures up 58 points or 0.2% at 25,041.

【12:47】【Iran Crisis】Oil prices rise; Federal Reserve stance shifts hawkish? US banks warn market may be misjudging the situation, with a significant rate cut possibility still on the table.

【10:48】【Iran Crisis】EIA forecasts Brent crude to stay above $95 for the next two months; expected to fall back to around $70 by year-end.

【09:53】Nvidia partners with competitors of OpenAI, providing 1 gigawatt Vera Rubin chips to Thinking Machines.

【08:59】【Fed Chair】Senator Thom Tillis meets with Jerome Powell, reiterates opposition to Powell’s nomination before DOJ investigation concludes.

【08:31】【Iran Crisis】IEA proposes releasing over 180 million barrels of oil reserves; oil prices shift from rising to falling.

【07:45】【AI & Defense】Anthropic reports its AI tools are blacklisted, risking billions in losses.

【07:25】【Oracle】Q4 earnings beat expectations; shares jump 8% after hours.

【06:26】【Iran Crisis】Iran plans to lay mines in the Strait of Hormuz; thousands of mines stockpiled; Trump warns of unprecedented military consequences (updating).

$1 or less: U.S. stock market overview for March 10====

Tuesday: White House states U.S. did not escort oil tankers through Hormuz; Dow drops 34 points; oil prices narrow losses

Market focuses on latest Middle East developments; oil remains soft; Dow turns lower. U.S. Energy Secretary Chris Wright posted on social media that the U.S. Navy successfully escorted a tanker through the Strait of Hormuz, but the post was soon deleted. White House spokesperson Karoline Leavitt said the U.S. did not escort ships.

Market close overview:

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Iranian Revolutionary Guard responds: The claim that the U.S. military escorted oil tankers is false; any U.S. and allied actions will be blocked within Iran’s missile and drone range.

Market hopes for an end to U.S.-Iran conflict; NYMEX crude closes at $83.45, down 11.94%; Brent drops 11.28%, at $87.8.

Dow briefly rises 479 points, then closes down 34 points at 47,706; S&P 500 down 0.21%; Nasdaq up 0.01%, at 22,061.

Brent crude initially surges nearly 30%, approaching $120 per barrel; G7 finance ministers hold emergency meeting to discuss coordinated release of IEA reserves to counter Gulf conflict-driven oil spike.

French Finance Minister Roland Lescure says G7 has not yet decided on releasing emergency reserves post-U.S.-Israel war.

Lescure, after G7 finance ministers’ virtual meeting in Brussels, told reporters: “Our consensus is to use all necessary measures to stabilize the market, including possible release of reserves.” He added that governments are closely monitoring the situation; supply issues have not yet arisen in Europe or the U.S.

Japanese Finance Minister Shunichi Suzuki states: “The IEA calls on countries to coordinate oil reserve releases; given current circumstances, G7 agrees to continue closely monitoring energy markets and take necessary measures, including releasing reserves.” He also mentions participation of OECD, World Bank, and IMF officials. An upcoming G7 energy ministers’ meeting will discuss further steps.

As of 2022 data, IEA member countries’ emergency oil reserves under OECD control are estimated at over 1.2 billion barrels, mostly crude oil. IEA rules require all members to maintain emergency reserves equivalent to at least 90 days of net imports, sufficient to support three months of normal consumption.

Market stabilizes; the U.S. dollar index falls 0.1% to 98.877; 10-year U.S. Treasury yields stabilize at 4.107%.

Gold prices narrow decline to 0.6%, at $5,138 per ounce; silver up 2.5%, at $86.63.

U.S. military continues to demonstrate force; BBC reports that B-52 and B-1 heavy bombers are stationed at RAF Fairford, with three B-52s landing in one day—the first appearance of B-52s in the UK since the conflict began.

B-52s are typical “forward-deployed” strategic bombers, indicating large-scale air campaigns or imminent escalation. As heavily armed “old yellow cows,” they can deliver massive conventional ground-attack munitions, targeting infrastructure, industrial sites, or large ground forces after enemy air defenses are weakened.

Additionally, U.S. stock markets enter daylight saving time, opening one hour earlier at 9:30 p.m. Hong Kong time.

Swiss bank UBS notes that the oil market has entered panic mode, with prices soaring into triple digits amid volatile swings, mainly driven by market sentiment rather than substantial changes in conflict. So far, supply disruptions are mainly due to cautious ships avoiding the Strait of Hormuz, causing trade blockages rather than military blockades. However, this week and beyond, Middle East oil supply could face up to 75% shutdown.

The bank says it will continue to monitor the situation closely. No significant damage to energy infrastructure has been reported; Iran’s military power appears to be waning. Solutions to ensure shipping through the Strait of Hormuz remain feasible. Given the fog of war, they reaffirm neutrality on oil and natural gas, maintaining the expectation that energy prices will peak at current or slightly higher levels.

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Market overview:

【18:20】U.S. stocks rebound; Micron up 2%; Dow up 101 points; Nasdaq up 0.3%; oil surges over 10%, breaking $100

【12:07】Dow futures down 1,006 points at 46,511; S&P 500 futures down 130 points at 6,613; Nasdaq futures down 542 points or 2.2% at 24,127.

【12:07】【Iran Crisis】Iran conflict impacts markets; senior strategist Yardeni: probability of stock market crash before year-end rises to 35%

【11:15】【Tencent】Reportedly plans to acquire Warner Bros. from Paramount, investing hundreds of millions

【10:33】【Iran Crisis】Oil surges past $100, NYMEX crude up 30%; major Middle Eastern oil producers cut output

【10:20】【Iran Crisis】Oil prices spike, dragging down Asia-Pacific markets; “Black Monday” in Japan and Korea, both down over 7%; South Korea considers oil price cap measures

【09:56】【Iran Crisis】JPMorgan forecasts Middle East oil capacity may decrease by 4 million barrels daily by next weekend

【09:50】【Iran Crisis】Schroders’ Alex Tedder: Oil may hit $100; “I won’t reduce energy stocks in next 2-3 years”

【08:17】【Iran Crisis】Gold drops over 2%, testing $5,000; oil price surge intensifies inflation fears

【07:30】【Iran Crisis】Black Monday begins; oil up 20%, approaching $111; Trump: low cost; Dow futures plunge 1,112 points (updating)

【07:30】【Global Outlook】Focus on Middle East conflict and U.S. inflation data; U.S. markets open one hour early for summer time

【07:30】Concerns over oil supply disruptions and worse-than-expected U.S. employment data caused last week’s sharp decline; Dow once down 945 points to 47,009; VIX volatility index soared 21.6% to 28.88; Dow down 453 points at close; S&P down 1.33%; Nasdaq down 1.59%.

Market close overview: