Oil falls toward $91 as tech futures lag before Amkor earnings

Macro overnight

Monday’s first move was relief, not resolution. The Business Times reported that the United States and Iran paused retaliatory strikes over the weekend, while Iranian and Omani officials discussed shipping through the Strait of Hormuz. Brent fell as much as 7.4% below $90 earlier in Asian trading. By 3:59 a.m. ET, the active Yahoo Finance chart showed $90.86, down 3.4% from its prior close. Reuters’ European snapshot put Brent near $90 and the STOXX 600 energy sector down 2%. The changing percentages reflect moving timestamps and contracts; the common signal is that part of Friday’s oil-risk premium unwound.

The early risk-on move did not hold evenly. A Business Times snapshot at 9:40 a.m. Tokyo time had S&P 500 futures up 0.7% and Nasdaq 100 futures up 1.2%. Near 4:00 a.m. ET, the timestamped charts instead showed S&P futures down 0.4%, Nasdaq futures down 1.8% and Dow futures up 0.1%. That reversal is why the time stamp matters: lower oil helped rate-sensitive assets, but it did not erase last week’s concern about the return on heavy artificial-intelligence spending.

Europe opened more decisively higher: Reuters reported the STOXX 600 up 0.8% at 649.34, with travel and leisure up 2.4% as energy costs fell. Rates also eased. The Business Times put the U.S. 10-year yield near 4.63%, roughly five basis points lower early Monday. For comparison, the official Treasury curve closed Friday at 4.33% for two years and 4.69% for ten years. Spot gold was 1.3% higher at $4,103.99 at 12:58 a.m. ET, according to Reuters; the exact level belongs to that early spot-market timestamp, not the later futures quote.

Your tickers

AMKR — the scheduled event, not a premarket quote, is the useful fact. Amkor’s own announcement says second-quarter results arrive after Monday’s Nasdaq close, followed by management’s webcast at 5:00 p.m. ET. The company provides outsourced semiconductor packaging and test services, so the release can add evidence on advanced-packaging demand after a volatile week for chip and AI-infrastructure shares. Until the release is public, revenue, margins and guidance remain unknown; this brief does not fill that gap with estimates.

What to watch today

The controlled checklist is simple. First, compare the 8:30 durable-goods release with its transportation-heavy headline and its underlying business-equipment detail rather than reading one number alone. Second, watch whether Brent stays near $91 and the 10-year yield near 4.63%; another sharp reversal would change the morning’s inflation narrative. Third, wait for Amkor’s actual filing and call before drawing conclusions about packaging demand. These are observation points, not forecasts or trade instructions.