23d • Morning Prep
Overnight Global Macro Market Report 6/12/26
Overnight Global Macro Market Report
Friday, June 12, 2026
Global Overview
Markets enter Friday with a major shift in tone.
The liquidation question has moved from “are sellers still in control?” to “did the washout complete and is macro now giving buyers a reason to press?”
The key catalyst is Iran.
President Trump canceled planned strikes on Iran and signaled that a U.S.-Iran peace framework may be near. Oil immediately fell more than 3%, with Brent near $87 and WTI near $84. That removes a major inflation and geopolitical pressure point from the tape. Full Report
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Overnight Global Macro Market Report 6/12/26
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