Overnight US stocks | Iranian Foreign Minister says the US-Iran settlement memorandum may be signed in a few days. Three major indexes closed higher. SpaceX's market value rose to $2.1 trillion on its first day of trading.

On Friday, the three major indexes rose. Iranian Foreign Minister Araghchi said that once Iran and the US complete the final stage of negotiations, a memorandum of understanding will be signed and released immediately. The first phase will be signed electronically remotely, "this may happen in the next few days". [US Stocks] As of the close, the Dow rose 353.51 points, up 0.70%, to 51202.26; the Nasdaq rose 79.18 points, up 0.31%, to 25888.84; the S&P 500 rose 37.16 points, up 0.50%, to 7431.46. SpaceX (SPCX.US) rose more than 19% on its first day of trading, closing at $161.1 with a total market value of $2.1 trillion, becoming the sixth largest listed company in the US. Other aerospace concept stocks fell, with Virgin Galactic (SPCE.US) down more than 30% and Rocket Lab (RKLB.US) down more than 10%. Arm (ARM.US) rose 11%, Intel Corporation (INTC.US) rose 6.5%. The Nasdaq China Golden Dragon Index rose 0.4%. [European Stocks] The German DAX30 index rose 414.47 points, up 1.71%, to 24624.36; the UK FTSE 100 index rose 168.55 points, up 1.64%, to 10472.43; the French CAC40 index rose 150.07 points, up 1.83%, to 8350.87; the European Stoxx 50 index rose 125.40 points, up 2.07%, to 6182.36; the Spanish IBEX35 index rose 487.32 points, up 2.66%, to 18777.42; the Italian FTSE MIB index rose 1005.76 points, up 1.99%, to 51510.50. [Asian Stock Markets] The Nikkei 225 index rose 2.81%, the South Korean composite stock price index rose 4.63%, and the Indian Sensex index rose 2.3%. [US Dollar Index] The ICE US Dollar Index fell 0.12% to 99.739 points, down 0.33% for the week, reaching 100.314 points on June 12 at 01:00 Beijing time, then quickly dropping to 99.586 points. The Bloomberg Dollar Index rose 0.02% to 1206.98, down 0.40% for the week, with an overall trading range of 1213.41-1205.55. The US dollar rose 0.18% against the Japanese yen, to 160.23 yen, down 0.04% for the week, with an overall trading range of 160.59-159.58 yen. [Cryptocurrencies] Bitcoin fluctuated slightly, trading at $63,467.12; Ethereum traded at $1,661.63. [Oil] At the close, NYMEX July light crude futures fell $2.83 to $84.88 per barrel, down 3.23%; August London Brent crude futures fell $3.05 to $87.33 per barrel, down 3.37%. [Precious Metals] Spot gold rose 0.17% to $4218.85 an ounce. Spot silver rose 0.97% to $68.028 an ounce. UBS Group AG said it remains bullish on gold prices in the next 12 months, citing expectations of rate cuts, a weakened dollar, and continued central bank gold purchases. [Macro News] US officials: US and Iran close to reaching agreement, will sign in the next few days. According to reports, a senior US official said on Friday that the US and Iran have not yet reached the finish line, but they are very close to reaching an agreement to resolve the conflict between the two sides, and Washington is expected to sign the agreement in the next few days. "The negotiating team has put us in a very favorable position, but we still need to wait and see. We have not yet reached the finish line, but we are very close," the US official said. The official said that the agreed terms achieved President Trump's core goals. The terms of the memorandum of understanding include reopening the Strait of Hormuz and lifting the US blockade on Iranian ports. Iran's highly enriched uranium will also be destroyed on-site and then removed from the country. "Iran will not get anything for signing a memorandum of understanding or the negotiations themselves," the official said, "they will receive economic rewards for fulfilling the obligations stipulated in the agreement. So, if they hand over nuclear materials as promised, they will get something. If they dismantle their nuclear program or facilities, they will get something else." Trader sentiment for the US dollar hits highest level in over a year. With the Middle East war solidifying the US dollar's status as a safe-haven currency, trader sentiment for the dollar has reached its highest level in over a year. According to data released by the Commodity Futures Trading Commission (CFTC), as of June 9, hedge funds, asset management companies, and other speculators held a cumulative $27.8 billion in bullish bets on the dollar, the highest level since February 2025. This change in positioning indicates that market sentiment for this major global reserve currency continues to build. Since the war broke out in late February, the dollar has continued to strengthen, showing a high sensitivity to rising oil prices. US consumer confidence rebounds as gasoline prices fall. In early June, US consumer confidence rose for the first time in four months as falling gasoline prices provided some relief for Americans facing skyrocketing inflation. A survey released on Friday showed that the University of Michigan's consumer sentiment index for June rose from a record low of 44.8 in May to 48.9. Economists had expected the index to modestly rise to 46. Consumers expect prices to rise by 4.6% year-on-year in the next year, down from 4.8% in May. They also expect costs to rise at an average annual rate of 3.4% over the next five to ten years, lower than last month's expectations. Despite gasoline prices still being higher than they were before the war, the recent decline in prices in the past few weeks has eased pessimism among Americans about their personal financial situation. The report showed a significant improvement in the situation of low-income consumers, who typically allocate more of their budget to fuel expenses. Nevertheless, against the backdrop of the Iran war and the resulting inflation surge, overall economic sentiment remains historically low. Joanne Hsu, the survey director, said, "Although there has been some relief, gasoline prices still have a significant impact on consumers, so the current gasoline price levels are still generally unacceptable to consumers and have weakened their views on the economy." ECB Board Member Kazimir: Interest rates must be raised further to combat inflation. ECB board member Kazimir said that the spread of inflation in the economy will force the European Central Bank to raise interest rates further. He believes that without intervention, price pressures will not ease. He stated that even if the US and Iran reach a peace agreement, inflation will not fall back to 2% overnight. Despite some cooling in the economy, its resilience remains, providing officials with room for action. Kazimir said, "Our mission is not yet complete, so it is too early to talk about whether policies need to be more restrictive. But considering that price pressures are spreading throughout the economy, I certainly cannot rule out this possibility." He said, "The June inflation data, especially the core inflation rate, may be decisive, but the situation in July is still uncertain, and of course, we will have new forecasts by September. It is important to make decisions at each meeting gradually." [Company News] SpaceX rises more than 19% on its first day of trading, with a market value exceeding $2 trillion, making it the sixth largest company in the US. SpaceX (SPCX.US) soared on its first day of trading on the Nasdaq, with a market value exceeding $2 trillion. The trading of the stock was more stable than many observers had expected. The stock began trading later on Friday morning, and for most of the day traded 15% to 30% above its Thursday pricing, with not much volatility during the day. At the close, the stock was trading at around $161, up more than 19%, making the company the sixth largest in the US. The final settlement price is yet to be determined. The trading volume for this transaction exceeded 500 million shares, with a turnover of about $80 billion. With large listings from Anthropic and OpenAI on the horizon, market observers had been concerned that a flood of new stocks following a long period of relatively few IPOs might drag down market performance. But by the end of the day, the sentiment among various investors, from large institutions to Musk's retail fans, was high. "SpaceX not only broke records in terms of fundraising on its listing, but also left other major companies far behind. When the initial valuation was already close to $2 trillion, to see such a rapid increase in market value is impressive," said Dan Coatsworth, market director at AJ Bell.