Reuters Morning Bid
Everything you need to know to start your trading day. Unfiltered markets news and analysis straight from the Reuters newsroom.
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Oil's three-day surge
<p>Oil prices jump after President Trump says the U.S. memorandum of understanding with Iran is "over," while chip stocks see a brief Asia-session rally that quickly fades. And the June Fed minutes signal a divided central bank that's in no rush to act on inflation.</p> <p>Today’s recommended read: Forget TACO. Trump's best Mexican food acronym is TAMALES, Clyde Russell</p> <p>Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest.</p> <p>Read more from Amanda Cooper and Anna Szymanski</p> <p>Produced by Eliza Davis Beard and Abisoye A...
Oil spikes, chips slide
<p>Oil jumps after President Donald Trump says the U.S. ceasefire with Iran is over after the two sides traded attacks overnight. Chip stocks slide as China reportedly considers limiting foreign access to its top AI models and DeepSeek pursues its own chip. And FOMC minutes due later in the day arrive against a backdrop of higher bond yields.</p> <p>Today’s recommended read: Oil refiners' Hormuz windfall may prove short-lived, Ron Bousso</p> <p>Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest.</p> <p>Read more from Amanda Cooper an...
Samsung's AI problem
<p>Samsung posted a 19-fold jump in quarterly revenue overnight, but shares fell 10% as investors weigh whether the AI trade is shifting from scarcity to abundance. U.S. services activity cooled slightly but remained in expansion territory. And U.S. President Donald Trump travels to Ankara for a NATO summit, where European defense spending pledges and the U.S. troop presence in Europe are expected to be in focus.</p> <p>Today’s recommended read: OPEC is likely loser in Gulf’s post-war race for market share, Ron Bousso</p> <p>Subscribe to Mike Dolan's Morning Bid newsletter, and check out his...
Glut feeling
<p>OPEC+ approves another production quota increase of 188,000 barrels per day, adding to market bets on a supply glut. Chip stocks are also in focus, with Samsung set to report blockbuster earnings and SK Hynix launching its Nasdaq listing. And the NATO summit puts Ukraine back in the spotlight.</p> <p>Today’s recommended read: OPEC+ to boost crude output, but can it deliver and who will buy?, Clyde Russell</p> <p>Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest</p> <p>Read more from Amanda Cooper and Anna Szymanski</p> <p>Produ...
Soft jobs, hard choices
<p>The U.S. economy added just 57,000 jobs in June, well below the 110,000 forecast in a Reuters poll, taking pressure off the Fed and pushing the dollar lower. Meanwhile, chip stocks sell off as investors rotate out of AI, and Asian factory activity expands, giving global stocks their best week since May.</p> <p>Today’s recommended read: LME metals whipsawed by war and peace in first half of 2026, Andy Home</p> <p>Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest</p> <p>Read more from Amanda Cooper and Anna Szymanski</p> <p>Produce...
Hire expectations
<p>Meta surges 10% after reports the company is building out a cloud business and looking to monetize excess AI computing capacity. June payrolls land a day early, with the Fed's next move riding on the numbers. And the Financial Times reports OpenAI is proposing to hand the U.S. government a 5% stake ahead of a planned IPO.</p> <p>Today’s recommended read: Wall Street's aging bull meets an 'everlasting' US expansion, Mike Dolan</p> <p>Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest</p> <p>Read more from Amanda Cooper and Anna Szym...
New quarter, old pressures
<p>Fed chair Kevin Warsh speaks at the ECB's Sintra conference as markets hunt for fresh policy signals and Treasury yields climb. A surprise jump in U.S. job openings for a second straight month pushes the odds of a July Fed hike to one in three, with payrolls due Thursday. And the yen hits a 40-year low against the dollar, with Japanese authorities still holding back on intervention.</p> <p>Today’s recommended read: Youth, task forces and AI debt - notes from the week, Mike Dolan</p> <p>Subscribe to Mike Dolan's Morning Bid newsletter, and check out his c...
Special Edition: Morning Bid halftime show
<p>In a special midyear edition of Morning Bid, Mike Dolan is joined by Jamie McGeever to look back on a wild first half of 2026, with record highs for the S&P 500 and Dow, the best quarter ever for U.S. chip stocks, and the worst month on record for the Magnificent Seven. Plus, a look ahead to midterm elections, a deeply divided Fed outlook, and what a Supreme Court ruling on Lisa Cook means for the central bank.</p> <p>Want to receive Trading Day in your inbox every weekday morning? Sign up for my newsletter here.</p> <p>S...
Halfway there
<p>Markets reach the halfway point of 2026 with a packed and shortened week, with the June payrolls report moved to Thursday ahead of the July 4 holiday. Chip stocks are sitting on their best quarter on record, but profit-taking, a possible OpenAI IPO delay, and a fresh warning from the Bank for International Settlements about the durability of the AI boom are giving investors pause. Oil markets shrug off a weekend U.S.-Iran exchange after both sides agree to resume talks, and Andy Burnham prepares to make his first major economic address as the UK's widely presumed prime minister-in-waiting.</p> <...
Apple turnover
<p>Apple announces price hikes on iPads and MacBooks, blaming surging memory chip costs, sending its stock down six percent. Reports that OpenAI may delay its IPO to 2027 add to nerves around the AI trade. A vessel strike in the Strait of Hormuz briefly rattles oil markets before prices resume their slide. And JPMorgan's Jamie Dimon is reported to be staying on for another three years.</p> <p>Today’s recommended listen: Reuters Econ World - Fed talk</p> <p>Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest</p> <p>Read more from...
