CNBC Daily Open: A Messi end for England

Hello, this is Leonie Kidd coming to you from London.

Please indulge this English writer a moment to acknowledge last night's quarter-final disappointment. While it won't impact the markets, it will impact the mood in the newsroom and across the country after the loss to Argentina.

England is out of the Men's FIFA World Cup, after a resurgent Argentina, led by Lionel Messi, came back in the second half to win the game 2-1. They proceed to the final on Sunday against Spain, set to take place in MetLife Stadium in New Jersey. England will meet France for the third-place play-off on Saturday.

The World Cup has given American bars and restaurants a much-needed boost, according to the latest Federal Reserve Beige Book. Those in England will have to be content with the quarter-final marking the pinnacle of the World Cup boom.

There are more wild swings in the chip space.

It's another double-digit day for South Korea's SK Hynix, this time the stock is down in Thursday trading, dragging down the Kospi and the tech sector in Asia more broadly. The group has seen massive volatility since its U.S. listing last week.

Louis Kondratev, trader at XFUNDs, noted the recent pullback reflects how crowded semiconductor trades have become after a prolonged AI-driven rally. "Semiconductors alone now make up roughly 20% of the S&P 500, which is incredibly difficult to sustain," he said.

President Donald Trump told Fox News in an interview on Wednesday that Iran wants to meet and make a deal. "They're nasty people, but they want to make a deal," Trump said.

His comments come as the U.S. Central Command outlined a second wave of attacks on Iran on Wednesday.

Markets are struggling to price these developments into early trade on Thursday. Crude prices were initially higher but have fallen back, while U.S. futures are edging higher ahead of a busy data and earnings day on Wall Street.

— Leonie Kidd