Tech rebound lifts European shares after three-day slide

• Stock futures rose and oil prices declined as global markets largely ignored the latest round of airstrikes in the Middle East. • Investors appear to have accepted the current geopolitical instability as a "new status quo," treating the ongoing conflict as an uneasy equilibrium.

• Several key U.S. economic indicators and central bank communications are scheduled for today, including Initial Jobless Claims at 8:30 a.m. ET and Existing Home Sales at 10:00 a.m. ET. • Federal Reserve officials John Williams and Lorie Logan are also slated to speak at 9:00 a.m. and 1:30 p.m. ET, respectively.

• Oil prices dominated market attention today due to a lack of other significant economic drivers. • The focus remains on the collapse of a ceasefire, raising concerns that the US and Iran are far from a permanent agreement.

• The Federal Reserve's June 16-17, 2026, FOMC minutes highlight how ongoing conflict in the Middle East is negatively impacting global economic activity. • Key pressures include rising energy costs and declining consumer and business confidence, specifically affecting Europe and lower-income Asian economies.

• US stock markets experienced a decline, with the Dow Jones Industrial Average falling 1.09% (approximately 500 points), while the S&P 500 saw small losses and the Nasdaq rose slightly. • The market volatility is driven by geopolitical tensions following strikes by Iran and uncertainty regarding future monetary policy.

• The European Central Bank (ECB) held a meeting on June 10-11, 2026, to assess economic conditions and maintain price stability within the euro area. • Data indicated global economic growth (excluding the euro area) reached 0.7% quarter-on-quarter in Q1 2026, slightly down from 0.8% in Q4 2025.

• The FTSE 100 index dropped 1.7% today, driven primarily by a sharp decline in AstraZeneca shares. • Market losses were further exacerbated by rising oil prices and escalating geopolitical tensions in the Middle East.

• A company is securing financing anchored by existing shareholders and a large Canadian bank-owned asset manager, with the deal expected to close around July 29. • A Reverse Takeover (RTO) is scheduled to close on or about September 16, pending customary regulatory approvals.

• European stock markets rebounded on Thursday, led by a recovery in technology shares driven by renewed demand for artificial intelligence. • The recovery follows the STOXX 600's steepest one-day decline since March, which was triggered by geopolitical instability and U.S. military strikes on Iran.

• U.S. stock futures for the Dow, Nasdaq, and S&P 500 climbed on Wednesday despite ongoing geopolitical instability and Federal Reserve inflation concerns. • U.S. Central Command launched additional strikes against Iran to degrade its ability to threaten freedom of navigation in the Strait of Hormuz.

• Royal Bank of Canada (ISIN CA7800871021) is leveraging its massive North American scale and diversified business model to navigate a mixed macroeconomic environment. • The bank maintains multiple revenue streams across retail and commercial banking, insurance, wealth management, and capital markets to hedge against interest-rate cycles.