{"id":82552,"date":"2026-07-29T18:09:35","date_gmt":"2026-07-29T08:09:35","guid":{"rendered":"https:\/\/www.icmarkets.com.au\/blog\/?p=82552"},"modified":"2026-07-29T18:09:36","modified_gmt":"2026-07-29T08:09:36","slug":"wednesday-29th-july-2026-u-s-futures-slip-as-oil-jumps-following-iran-attack-fed-decision-looms","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com.au\/blog\/wednesday-29th-july-2026-u-s-futures-slip-as-oil-jumps-following-iran-attack-fed-decision-looms\/","title":{"rendered":"Wednesday 29th July 2026: U.S. Futures Slip as Oil Jumps Following Iran Attack, Fed Decision Looms"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><br \/>Global Markets:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u00a0Asian Stock Markets : Nikkei down 2.72%, Shanghai Composite down 0.53% Hang Seng up 1.27% ASX up 0.92%<\/li>\n\n\n\n<li>Commodities : Gold at $4,020.90 (-0.44%) Silver at $57.585 (0.11%), Brent Oil at 85.22 (3.83%), WTI Oil at 82.59 (4.21%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.611, UK 10-year yield at 4.9519, Germany 10-year yield at 3.1087<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">News &amp; Data:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>(USD) CB Consumer Confidence<\/li>\n\n\n\n<li>\u00a0\u00a090.8\u00a0 to 92.4 expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>U.S. stock futures edged lower on Wednesday as oil prices climbed following an Iranian missile attack targeting American forces in the Middle East, while heavy selling in semiconductor stocks pushed South Korea\u2019s markets sharply lower.<\/p>\n\n\n\n<p>S&amp;P 500 futures slipped 0.12%, Nasdaq 100 futures fell 0.49%, and Dow Jones Industrial Average futures lost about 60 points, or 0.1%.<\/p>\n\n\n\n<p>South Korea\u2019s Kospi tumbled more than 8%, weighed down by major chipmakers SK Hynix and Samsung Electronics, triggering a trading halt. The Kosdaq also dropped over 8%. Japan\u2019s Nikkei 225 declined 2.2%, while the Topix fell 0.61%. Hong Kong\u2019s Hang Seng Index outperformed, rising 1.4%, whereas China\u2019s CSI 300 lost 0.73%.<\/p>\n\n\n\n<p>West Texas Intermediate crude gained roughly 4% to trade near $82 per barrel after U.S. Central Command said Iranian Revolutionary Guard forces launched multiple ballistic missiles at U.S. bases. Officials said all missiles were intercepted.<\/p>\n\n\n\n<p>Among corporate movers, Ford surged 4% in extended trading after beating earnings estimates and raising its 2026 outlook. Visa slipped about 1% following weaker-than-expected guidance.<\/p>\n\n\n\n<p>Investors are now focused on the Federal Reserve\u2019s interest rate decision and Chair Kevin Warsh\u2019s press conference. Fed funds futures indicate a nearly 70% chance rates remain unchanged at 3.5%-3.75%.<\/p>\n\n\n\n<p>Markets also await earnings from Procter &amp; Gamble, Humana, Microsoft, Meta Platforms, and Qualcomm, while investors continue watching chip stocks after the VanEck Semiconductor ETF fell 3.5% Tuesday, extending its weekly decline beyond 9%.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Upcoming Events:<br \/><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>6:00 PM GMT &#8211; USD Federal Funds Rate<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: U.S. stock futures edged [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":79441,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[196,215,339],"tags":[],"class_list":["post-82552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis","category-market-analysis","category-recent-posts"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/82552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/comments?post=82552"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/82552\/revisions"}],"predecessor-version":[{"id":82553,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/82552\/revisions\/82553"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media\/79441"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media?parent=82552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/categories?post=82552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/tags?post=82552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}