【US Stock Market Pre-Market】Trump: Iran Will Surrender Soon, Dow Futures Rebound 214 Points, Oil Price Falls Below $100 (Continuously Updated)

President Trump, in an interview with Fox News, stated that the U.S. will escort ships through the Strait of Hormuz if necessary but did not disclose further details. He also announced that the U.S. will “strike Iran hard” within the next week.

Additionally, during the G7 virtual summit, Trump said Iran is about to surrender. He hinted that Iran no longer has officials who can make surrender decisions, admitting, “No one knows who the leader is, so no one can declare surrender.”

Following these remarks, the Brent crude oil price turned from gains to losses, currently at $99.05 per barrel, down over 1%, breaking below $100. The US dollar index stands at 100.04, remaining steady around the 100 level. Gold prices remain stable at $5,118 per ounce. The yield on the 10-year U.S. Treasury continues to hold above 4.2%, currently at 4.257%.

U.S. stock futures rebounded before the open on Friday, with Dow futures up 214 points at 46,935, S&P 500 futures up 31 points at 6,708, and Nasdaq futures up 107 points or 0.4% at 24,667. Today, the U.S. will release January’s PCE Price Index, Core PCE Price Index, initial January durable goods orders, Q4 GDP revisions, March University of Michigan Consumer Sentiment, and January job openings data.

DWS Chief U.S. Economist Christian Scherrmann expects the Federal Reserve to keep interest rates unchanged at next week’s meeting. As tensions in the Middle East escalate and oil prices surge, markets become more complex. For central banks, energy price shocks are usually seen as short-term factors that temporarily boost overall inflation.

Historically, such shocks tend to be short-lived but highly volatile. In some cases, rising energy costs squeeze household budgets and suppress demand for other goods and services, potentially easing core inflation pressures. However, if energy prices remain high, risks increase as households and businesses may develop broader inflation expectations. This is a critical concern for the Fed. Currently, the U.S. economy’s dependence on oil is much lower than in the past, reducing the likelihood that energy shocks will lead to persistent inflation. The Fed is expected to only cut interest rates once this year.

Hong Kong stocks and ADR markets are continuously updating. For details, see: Next Page

Market Trends:

【20:05】Trump: Will escort ships through the Strait of Hormuz, will strike Iran hard within a week. Dow futures rebound 214 points, oil prices fall below $100.

【13:24】U.S. stock futures rebound; Dow futures up 119 points at 46,840, S&P futures up 11 points at 6,689, Nasdaq futures up less than 1 point at 24,560.

【14:08】【Yen Movement】Yen drops to lowest since July 2024 amid rising oil prices, increasing depreciation pressure. Japanese Finance Minister: Will take all necessary measures to address exchange rate fluctuations.

【13:55】【IPO News】S&P plans to revise rules to accelerate inclusion of SpaceX in the S&P 500 after listing.

【13:25】【Market Analysis】Dow plunges over 700 points; analysts say volatility has narrowed since early war days, markets are gradually adjusting. If Middle East conflict worsens, downside risks remain.

【12:57】【Adobe Earnings】Adobe CEO to resign amid efforts to cope with AI disruption; earnings beat expectations but stock still drops nearly 8% after hours.

【10:45】【Apple】Apple lowers App Store commission rates in mainland China; Tencent says industry is excited.

【10:39】【Iran Crisis】Multiple exchanges oppose U.S. intervention in oil markets; CME CEO warns it could trigger an “epic disaster.”

【09:53】【Iran Crisis】U.S. Department of Treasury issues new licenses allowing buyers to purchase Russian oil already at sea.

【08:57】【Gold Price Trend】Gold rebounds to $5,100 but likely to record a second consecutive weekly decline.

【07:05】【Iran Crisis】Iran: Wife of Khamenei not dead; plans to attack U.S. companies and oil facilities in the Middle East. U.S.: KC-135 tanker crashes; USS Ford’s laundry area catches fire (ongoing updates).

March 12 U.S. Market Summary:

Thursday: Dow drops 739 points; Nasdaq down 1.8%; bank stocks fall; Iran’s top leader vows revenge; Brent crude surpasses $100.

After an Iranian unmanned vessel attack in the Persian Gulf, UK Defense Secretary John Healey suggested Iran may be laying mines in the Strait of Hormuz. Brent crude rises 9.2%, surpassing $100, reaching a high of $101.8, and closing at $100.46.

Market Close:

[Click to enlarge chart]

Market Highlights:

【22:30】Iran’s Supreme Leader speaks for the first time: vows revenge, blockades Strait of Hormuz, attacks U.S. military bases. Brent crude exceeds $100. Dow drops.

【21:30】Supreme Leader: Must close Strait of Hormuz; U.S. military bases in Middle East will be attacked. Brent crude exceeds $100. Dow falls 565 points.

【18:20】Dow futures down 217 points; Nasdaq futures down 0.3%; Brent crude above $100.

【13:33】Dow futures down 496 points at 46,952; S&P futures down 59 points at 6,720; Nasdaq futures down 222 points or 0.9% at 24,760.

【13:26】【Oracle Analysis】Oracle’s earnings surge 9% after earnings report; JPM upgrades rating, optimistic about long-term value of data management business.

【12:59】【Market Focus】Short positions hit over 3-year high; Goldman Sachs: positive news could trigger “extreme” rally in U.S. stocks.

【11:51】【Oil Price Analysis】IEA releases oil reserves; prices surge nearly 9%. Analysis: “A drop in the bucket,” oil prices expected to fluctuate sharply in the short term.

【11:20】【Iran Crisis】Morgan Stanley maintains forecast of two rate cuts by Fed this year, but oil shocks may delay easing until September.

【11:04】【Yen Movement】Yen approaches lowest of the year, at 4.92 HKD; outlook suggests higher intervention thresholds.

【10:58】【Iran Crisis】Oxford Economics: Sustained $140 oil for two months could cause a global recession and 5.8% inflation.

【10:07】【Apple】Rumors: Foldable iPhone may feature iPad-like interface after unfolding; wide-screen ratio could be a key selling point.

【09:54】【US Tariffs】U.S. launches new trade investigations against China, Japan, South Korea, and Europe, paving the way for new tariffs.

【08:32】【Gold Trend】Gold declines for the second day, affected by rising oil prices and bleak rate hike outlook.

【07:28】【Iran Crisis】Two oil tankers in Persian Gulf catch fire and explode; Brent crude surges again past $100. Iran hints at blocking the Red Sea entry. Trump: Iran will face unprecedented military consequences (ongoing updates).

【07:15】【Iran Crisis】IEA members agree to release 400 million barrels of emergency oil reserves; U.S. releases 170 million barrels, Japan 80 million, South Korea 22.46 million, UK 13.5 million.

March 11 U.S. Market Summary:

Wednesday: U.S. military urges Iranians to stay away from Hormuz; warns of attack targets; oil jumps 4%; Dow drops 289 points; Nasdaq steady.

U.S. Central Command warns Iranian civilians that Iran is using civilian ports along the Strait of Hormuz for military actions, threatening international shipping, and that such targets are now legitimate under international law. Oil prices rise again, with the Dow dropping up to 520 points.

Market Close:

[Click to enlarge chart]

Market Highlights:

【21:30】Iran’s Supreme Leader: vows revenge, blockades Strait of Hormuz, attacks U.S. bases. Brent crude exceeds $100. Dow falls.

【19:04】Dow futures up 133 points; Nasdaq futures up 0.2%; S&P futures up 16 points.

【01:50】Dow futures up 121 points at 47,866; S&P futures up 18 points at 6,805; Nasdaq futures up 58 points or 0.2% at 25,041.

【12:47】【Iran Crisis】Oil prices rise above $100; NYMEX crude up 30%; major Middle Eastern producers cut output.

【12:09】【Iran Crisis】Oil surges, dragging Asia-Pacific stocks into “Black Monday”; Japan and Korea down over 7%; South Korea considers oil price cap.

【09:56】【Iran Crisis】JPMorgan: Middle East oil capacity may decrease by 4 million barrels daily by next weekend.

【09:50】【Iran Crisis】Schroders’ Tedder: Oil may hit $100; “I won’t reduce energy stocks in next 2-3 years.”

【08:17】【Iran Crisis】Gold drops over 2%, testing $5,000; oil surge fuels inflation fears.

【07:30】【Iran Crisis】Black Monday begins; oil up 20%, surpassing $111; Trump: small cost, Dow futures plunge 1,112 points (ongoing).

【07:30】【Global Outlook】Focus on Middle East conflict and U.S. inflation data; markets open an hour earlier at 9:30 p.m. Hong Kong time.

【07:30】Oil supply fears and poor U.S. jobs data cause last Friday’s sharp decline; Dow drops 945 points to 47,009; VIX spikes 21.6% to 28.88; Dow closes down 453 points, S&P down 1.33%, Nasdaq down 1.59%.

Market Close: