This Thursday evening, the markets chose to celebrate the de-escalation… right at the time when the 2026 World Cup opened in Mexico while a few hours before geopolitical tensions were still at their peak. palpable relief at the end of the afternoon, and the ball starting to roll at the same time. Between Iran, US inflation figures and the great return of risk-on, here is what to remember from the news this evening.
The key points of this article:
Donald Trump has called off planned strikes on Iran, prompting relief in financial markets. A spectacular rebound in stock indices and Bitcoin was observed in reaction to this geopolitical de-escalation.
Trump cancels strikes on Iran: markets shout “phew” in unison
The big news of the day comes from Washington. After days of thunderous threats (including the idea of seizing the island of Kharg, the heart of Iranian oil exports), Donald Trump announced at the end of the day thecancellation of strikes against Iran scheduled for this evening. He speaks of “final discussions approved” by all parties, including Iran. Tehran remains cautious, as the Revolutionary Guards have not confirmed a formal agreement, and Israel appears to have been taken by surprise. But for the markets, the message is clear: less risk of an immediate oil boom = less imported inflation = appetite for risk returns. Oil also fell by more than 3% in the process. Almost classic.
S&P 500 and Bitcoin: the big Thursday evening rebound
Whereas yesterday, it was depressed: S&P 500 at -1.6%, Dow Jones below 50,000 points, Nasdaq at -2%. Investors were having trouble digesting the escalation in the Middle East + inflation figures that were still hot. Today, spectacular turnaround: The S&P 500 closed up +1,4 % approximately. THE Dow Jones won almost +1,7 % (+850 points). THE Nasdaq followed with +1.4 to +1.9% depending on the sector, driven in particular by semiconductors. THE Bitcoinhe evolved in the zone of 61 500 – 62 500 $ at the end of the day, clearly benefiting from the same risk-on movement. When traditional stocks rebound on geopolitical appeasement, the queen of cryptos generally follows suit (strong historical correlation in periods of relaxation). L’producer inflation (PPI) of May came out hot this morning (+1.1% over the month, +6.5% over one year), but it was largely eclipsed by the Iranian news. The markets preferred to look at the glass half full.
“S&P 500 index jumps more than 100 points after President Trump says date and location of Iran deal signing will be announced”
BREAKING: The S&P 500 surges over +100 points after President Trump says the time and place of an Iran deal signing will be “announced shortly.» pic.twitter.com/W2qyQptZxN— The Kobeissi Letter (@KobeissiLetter) June 11, 2026
The FIFA World Cup 2026: simple coincidence or little icing on the cake?
L’official opening of the World Cup in Mexico (first match this evening at the Estadio Azteca) falls right on the rebound. Coincidence of the calendar or a little psychological boost? The real macroeconomic impact of the World Cup remains modest (a few tenths of a point of GDP in Mexico, almost negligible in the United States). But a major global sporting event always brings a touch of collective optimism and festive liquidity. Markets, sometimes, love these coincidences.
The 5 points to remember
Iran de-escalation : Trump cancels the evening strikes and speaks of an agreement in sight → main catalyst for the rebound.
S&P 500 : +1.4% today after -1.6% yesterday. The buy the dip worked once again.
Bitcoin : holds firm around $62,000 and follows the upward movement of stocks (classic in the risk-on phase).
Oil : sharp drop after the Trump announcement → good news for inflation and consumption.
Timing FIFA : the 2026 World Cup starts today. Funny coincidence, limited real economic impact… but the atmosphere sometimes counts more than the numbers. The situation remains fluid: nothing has been signed, Iran can still toughen its tone, and Trump is capable of communicating a new change of heart tomorrow morning. Tomorrow, we will monitor whether the rebound holds up in volumes and how Bitcoin reacts to this new test of correlation with traditional markets. In the meantime, evening investors can take a breather. Good evening everyone, and see you tomorrow for the rest of the series.