DBI Today: 46.3 (+4.2)
When Iran launched ballistic missiles at Israel on Sunday night — the first direct strike since April's ceasefire — it looked like the start of another brutal Monday for global markets. Brent crude, the international oil benchmark, briefly spiked toward $98 a barrel and US stock futures turned negative. Then Iran's foreign ministry said it had ended its operations. Trump declared progress on a new 60-day truce, and the VIX, Wall Street's volatility index which measures how anxious traders are about near-term market swings, fell 12% from Friday's spike. That was enough to trigger a sharp recovery in US technology stocks — Micron Technology bounced nearly 10% after its 13% collapse on Friday, dragging the Nasdaq up 0.86%. The DBI is 46.3 today, up sharply from Monday's 42.1, almost entirely driven by that equity recovery. But Asia didn't follow. Japan's Nikkei fell another 3.85%, Shanghai lost 1.7%, and Europe was flat to lower. The bounce is real. It is also very narrowly based.
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