Oracle stock pre-market surged 10%, crude oil rose 4%, US stock index futures all declined, European stocks opened lower.

K-LinePoet · 2026-04-05T11:29:51+00:00

On March 11, major European stock indices generally declined, and U.S. stock futures also moved lower. The chip and storage sectors rose, with Oracle and TSMC performing notably well. Gold stocks declined, with spot gold and silver prices falling, but international oil prices rose. Meanwhile, a cargo ship was attacked in the UK, and the U.S. has put forward new demands for strikes on Iranian oil facilities in Israel.

K-LinePoet

2026-04-05 11:29:51

Abstract generation in progress

On March 11, major European stock indexes opened lower. The STOXX 50 fell 0.89%, the UK’s FTSE 100 dropped 0.69%, France’s CAC40 fell 0.75%, Italy’s FTSE MIB fell 0.57%, and Germany’s DAX30 slid 1.20%. Russia’s MOEX index rose 0.35%.

US stock index futures all fell in tandem: Dow Jones index futures fell 0.26%, Nasdaq index futures fell 0.14%, and S&P 500 index futures fell 0.14%.

Ahead of the session, chip and memory stocks rose broadly; SanDisk, Micron Technology, Western Digital, and Seagate Technology gained more than 1%.

Oracle’s US shares rose more than 10% before the market open. The company expects revenue for fiscal year 2027 to reach $90 billion, up $1 billion from its prior outlook, and above the market expectation of $86.6 billion.

Taiwan Semiconductor (TSMC) rose more than 1.5% before the market open. Yesterday, TSMC released its February 2026 revenue announcement. In February, TSMC’s sales totaled TWD 317.66 billion (at the current exchange rate, about RMB 70.17 billion), up 22.2% year over year, setting a new record for revenue for the same period in any year.

US gold-related stocks declined ahead of the session. Harmony Gold fell by more than 6%, Gold Fields rose? down more than 3%?; Newmont Mining, Coeur d’Alene? mining, and Hecla? mining fell by more than 1%.

Spot gold and silver both turned green; as of 16:45, spot gold briefly fell below $5,180, while spot silver was at $86.9 per ounce, down 1.63% on the day.

International oil prices rose in the short term. As of 17:07, Brent crude oil futures’ gain widened to 4%, to $91.33 per barrel. WTI crude oil rose 4.52%, to $85.81 per barrel.

On the news front, according to CCTV News, the UK’s Office for Maritime Trade Operations said on the local time of the 11th that a cargo ship in the Strait of Hormuz was hit by an unidentified projectile, and the attacked vessel caught fire.

Also, according to a report by Xinhua News Agency citing US media on the 10th that quoted people familiar with the matter, the Trump administration has asked Israel to stop striking Iran’s energy facilities, especially its oil infrastructure. An Israeli official said that the US has told Israel that if it wants to strike Iran’s oil facilities in the future, it must “inform” the US “in advance.” According to a report by the US news website Axios, this is the first time the US has constrained Israel’s actions since the US and Israel launched military action against Iran.

People familiar with the matter said the Trump administration’s proposed request is, on the one hand, because the US plans to cooperate with Iran’s oil industry after the fighting ends—similar to the measures the US took against Venezuela—and on the other hand, it is concerned that strikes on Iran’s oil facilities would prompt Iran to carry out large-scale retaliatory attacks on energy facilities in Gulf countries.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.