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Browse our complete collection of financial news and analysis
Browse our complete collection of financial news and analysis
Browse our complete collection of financial news and analysis
Equity contracts edge higher after Tuesday's pullback; oil extends rally on Hormuz risk and UAE's OPEC+ exit, gold slips and dollar softens.
Improved expectations offset weaker current conditions, while inflation concerns eased marginally, though worries about prices, energy costs, and geopolitical tensions continued to weigh on sentiment.
Crude tops $100 on stalled US-Iran talks while gold slides; Nasdaq futures under pressure ahead of Magnificent Seven earnings and Wednesday's Fed decision.
Stocks are holding steady as easing geopolitical tensions lift sentiment, with tech leading gains and the Nasdaq nearing a record streak, even as strategists remain cautious about the rally’s strength.
US officials warned of military and economic escalation, enforcing restrictions on shipping near Iranian ports, while oil rebounded and equities slipped modestly amid uncertainty surrounding enforcement measures and a disappointing economic report.
The spike in March CPI was attributed almost entirely to the gasoline prices, which jumped 21.2% following a mere 0.8% increase in February.
Weak income, soft real spending, and downward GDP revisions signal slowing U.S. economic momentum, while persistent inflation keeps pressure on the Federal Reserve.
The U.S. dollar weakened as easing geopolitical tensions reduced safe-haven demand, prompting an unwinding of long positions, and it remained within its recent range.
The labor market shows resilience with jobless claims falling to 202,000, though March layoffs rose 25% to 60,620, driven by AI-related cuts in tech, transportation, and healthcare sectors.
Equity futures tumbled as escalating Middle East tensions and unclear policy signals drove investors toward safety, boosting oil prices and Treasury yields while attention shifts to upcoming labor market data.
Escalating Middle East tensions lifted oil and increased risk aversion but Morgan Stanley makes the case that the correction may be coming to an end.
Powell signaled a “wait-and-watch” approach for assessing the inflationary effects of the supply shock stemming from the U.S.-Iran war and expressed confidence in inflation returning to the central bank’s target.