EUR French Final Services PMI: 54.9 v 55.3 expected and 55.3 previous

Dow hits record high on deal hopes; SpaceX rockets, Nvidia jumps 10%. Traders eye valuation shifts.

SpaceX rockets 19% on debut! Traders cheer its valuation, ignoring broader market jitters.

The Bank of Japan is expected to raise its policy rate to 1% on Tuesday, a 31-year high, with Deputy Governor Uchida to brief markets on the outlook amid uncertainty over the Iran peace deal.

Nvidia's $20B debt sale fuels AI boom, boosting stock. Investors eye growth vs. rising debt.

Explosions heard in the Strait of Hormuz

Analysts warn Hormuz will reopen gradually despite a US-Iran deal, with mine clearance, war-risk insurance and stranded vessel backlogs keeping energy flows well below prewar levels for months.

S&P Global Ratings says the US-Iran Hormuz framework aligns with its base case but won't alter forecasts, warning shipping recovery will remain well below pre-war levels into 2027.