Oracle stock pre-market surges 10%, crude oil rises 4%, US stock index futures decline across the board, European stocks open lower

On March 11, major European stock indices opened lower. The Euro Stoxx 50 fell 0.89%, the FTSE 100 declined 0.69%, the CAC 40 dropped 0.75%, the FTSE MIB in Italy decreased 0.57%, and the DAX 30 in Germany fell 1.20%. The MOEX Russia Index rose 0.35%.

U.S. stock futures also declined, with Dow Jones futures down 0.26%, Nasdaq futures down 0.14%, and S&P 500 futures down 0.14%.

The chip and storage sector saw gains before the market opened, with SanDisk, Micron Technology, Western Digital, and Seagate Technology each rising over 1%.

Oracle’s stock pre-market surged over 10%. The company expects revenue for fiscal year 2027 to reach $90 billion, an increase of $1 billion from previous estimates and higher than the market forecast of $86.6 billion.

TSMC rose over 1.5% before the market opened. Yesterday, TSMC announced its revenue for February 2026, with sales of 317.66 billion TWD (approximately 70.17 billion RMB at current exchange rates), up 22.2% year-over-year, setting a new record for the same period.

U.S. gold stocks declined before the market opened, with Harmoni Gold dropping over 6%, Kinross Gold falling over 3%, and Newmont Mining, Coeur Mining, and Hecla Mining each dropping over 1%.

Spot gold and silver both turned red. As of 4:45 PM, spot gold briefly fell below $5,180, and spot silver was at $86.9 per ounce, down 1.63% intraday.

International oil prices surged briefly. As of 5:07 PM, Brent crude futures rose 4% to $91.33 per barrel. WTI crude increased 4.52% to $85.81 per barrel.

According to CCTV News, the UK Maritime Trade Operations Office reported on the 11th that a cargo ship was hit by an unidentified projectile in the Strait of Hormuz and caught fire.

Additionally, Xinhua News Agency cited U.S. media on the 10th, reporting that the Trump administration has asked Israel to cease attacks on Iranian energy facilities, especially oil infrastructure. An Israeli official said the U.S. requires Israel to “notify in advance” if it plans to strike Iranian oil facilities. According to Axios, this is the first time the U.S. has constrained Israeli military actions against Iran since the start of hostilities.

Sources say the Trump administration made this request partly because the U.S. plans to cooperate with Iran’s oil industry after the conflict ends, similar to measures taken against Venezuela, and partly out of concern that attacking Iranian oil facilities could provoke large-scale retaliatory strikes against Gulf energy infrastructure.