Today’s Outlook :
• US MARKET : U.S. stocks closed lower on Wednesday amid a relatively quiet trading session, as investors awaited earnings reports from Alphabet and Texas Instruments, which are expected to provide further insights into the outlook for the AI sector. Meanwhile, oil prices continued to rise amid the potential escalation of conflicts in the Middle East. The S&P 500 Index fell 0.1% to 7,499.73, the Nasdaq Composite declined 0.6% to 25,690.90, while the Dow Jones closed relatively flat at 52,219.35.
Sentiment toward the AI sector remained pressured by profit-taking and concerns over massive AI infrastructure spending by major technology companies amid uncertainty over investment returns. Nevertheless, Alphabet continued to project capital expenditure of USD180–190 billion in 2026
On the other hand, Super Micro Computer shares surged nearly 20% after raising its quarterly gross margin guidance and announcing new orders worth more than USD60 billion. Nvidia shares also gained 2.3%.
• EUROPEAN MARKET : European stocks closed higher on Wednesday, driven by a rally in global oil prices that reached a six-week high, boosting energy stocks. The STOXX 600 Index rose 0.6% to its highest level in two weeks, the FTSE 100 gained 1.2%, the DAX rose 0.7%, the CAC 40 advanced 0.9%, and the FTSE MIB increased 1.0%.
The gains were led by major European oil and gas producers, including Shell, BP, and TotalEnergies, which recorded significant increases.
• ASIAN MARKET: Asian stocks closed mixed on Wednesday after paring most of their early gains, as rising tensions in the Middle East pushed oil prices to a six-week high and weighed on investors’ risk appetite ahead of major U.S. technology companies’ earnings reports.
South Korea’s KOSPI Index rose 0.7% after briefly surging more than 5% earlier in the session, as Samsung Electronics and SK Hynix shares followed the broader market sentiment. In Japan, the Nikkei 225 declined 0.4%, while the TOPIX remained higher by 0.5%.
Economic data showed that Japan’s exports in June increased 19.3% yearon-year, exceeding market expectations of an 18.6% rise, driven by demand for AI-related semiconductor equipment and a weaker yen
Meanwhile, the Shanghai Composite Index ended relatively unchanged, the CSI 300 declined 0.5%, and Hong Kong’s Hang Seng Index fell 1.1%.
• COMMODITIES : Oil prices closed at their highest level since June 11 on Wednesday, driven by rising supply concerns amid escalating tensions between the U.S. and Iran, as well as threats to shipping routes by Iranbacked Houthi groups in Yemen.
Brent crude rose 3.36% to USD94.07 per barrel, its highest level in nearly six weeks, while WTI gained 2.95% to USD86.83 per barrel.
Supply concerns were also reflected in the widening of Brent’s backwardation to USD9.26 per barrel, the highest level since May 22, indicating tighter near-term supply conditions.
On the geopolitical front, the U.S. military launched attacks on Iran for the 11th consecutive night. President Donald Trump also stated that the U.S. would target Iranian infrastructure if Tehran attacks ships in the Strait of Hormuz again. Meanwhile, Iran’s Revolutionary Guard warned that the southern route of the Strait of Hormuz had been mined.
• INDONESIA : The JCI closed relatively flat on Wednesday, declining 0.09% to 6,334.48. Foreign investors recorded net selling of IDR1.1 trillion during Wednesday’s trading session. The JCI fell sharply during the first session but rebounded in the second session following the announcement that Bank Indonesia (BI) maintained its benchmark interest rate. The next resistance level for the JCI is at 6,400.
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